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jul
1

Full Tilt Poker to be sold

Tags: full tilt poker, phil ivey, pocket kings, sold
Posted on 01 July 2011 by "T".
According to an article in The Los Angeles Times, Full Tilt is about to be bought by a group of European investors, which means that U.S. players would be paid the roughly $150,000,000 million owed to them. In the article, which was published yesterday, reporter Nathaniel Popper says: "Attorneys associated with Full Tilt said the company signed an agreement Thursday with a group of inve[...]   Read more » Full Tilt Poker to be sold

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  1-Jul-11, 08:11   #1
Full Tilt Poker to be sold 0 
MIGO14 
Joined: Mar '11
Location: Germany
Age: 51 (M)
Posts: 1242
Hmm, sounds like very nice and good news, somewhat to good to be true.
But lets wait and see, maybe this will be the solution to their problems and all players will get back their money.

     
  1-Jul-11, 10:12   #2
  0 
callie28 

Joined: Jun '11
Location: United Kingdom
Age: 48 (M)
Posts: 1318
hope its true i miss full tilt,still think its 1 of the top sites to play on... Big Smile

     
  1-Jul-11, 13:09   #3
  0 
B1gfoot 

Joined: Mar '08
Location: United Kingdom
Age: 40 (M)
Posts: 6714
This was the easy option, lucky for them some people still see value in FT and Im sure they have just made a great deal, from what I understand this is a done deal.
The only thing that is left to worry about is the 3 billion that the government want, but if they want it then they wont be slamming doors in the face of FT.

     
  1-Jul-11, 16:26   #4
  0 
tjohansen 
Joined: May '11
Location: Denmark
Age: 46 (M)
Posts: 1
I miss Rush poker and my bankroll! And I am not even a US player!!!

     
  1-Jul-11, 16:34   #5
  0 
holtland 

Joined: Jun '11
Location: Netherlands
Age: 54 (M)
Posts: 434
Posted by B1gfoot:
from what I understand this is a done deal.


Do you have any news links for this B1gfoot as I would like to read them.
Thanks.

     
  1-Jul-11, 16:45   #6
  0 
B1gfoot 

Joined: Mar '08
Location: United Kingdom
Age: 40 (M)
Posts: 6714
Just swapped my HD but will try and find what I was reading..the short and curly is they signed but it is pending the outcome of the lawsuit.
A link I can post ; http://www.latimes.com/business/la-fi-online-poker-2011...
The other links are from poker sites, but all pretty much say the same thing.

     
  1-Jul-11, 17:09   #7
  0 
holtland 

Joined: Jun '11
Location: Netherlands
Age: 54 (M)
Posts: 434
Thanks

     
  1-Jul-11, 17:13   #8
  +2 
Davoodoo 

Joined: Apr '08
Location: Finland
Age: 31 (M)
Posts: 1612
"$150,000,000 million" is alot of money ...

     
  1-Jul-11, 17:20   #9
  0 
B1gfoot 

Joined: Mar '08
Location: United Kingdom
Age: 40 (M)
Posts: 6714
Posted by Davoodoo:
"$150,000,000 million" is alot of money ...

Was thinking the same thing...thats like 150,000,000,000,000 Shock
150 Trillion...the 3 billi0on is chump change now.

     
  1-Jul-11, 17:55   #10
  0 
Macubaas 
Joined: Apr '11
Location: Romania
Age: 31 (M)
Posts: 6669
This is actually the only good news about full tilt poker issued lately, if there will be a new leadership it's the only way to get out of this situation and of course pay their players balance Thumbs Up

They can nolonger continue with their current invstors and ceos, something must be chaged, and i tell you what, if the new investors will keep the games, i mean like rush and multi entry tournaments and will invest some money in some promo and special offers i will consider playing again on full tilt Smile

Plus they also must make a deal with moneybookers to be able to deposit/withdraw via moneybookers. And yeah, maybe they make some changes in the software to get less bad beats Evil

     
  1-Jul-11, 19:18   #11
  0 
TheFarSeer 

Joined: Oct '09
Location: Portugal
Age: 48 (M)
Posts: 233
Does anyone really believe that with all this money they would buy FT ? It would be much easier to promote a smaller and cheaper poker house, with big freerolls and promotions with 5% of that value.

     
  1-Jul-11, 19:48   #12
  0 
edyholdem 

Joined: Jan '10
Location: Romania
Age: 44 (M)
Posts: 54
where is the money they have to pay to players?

     
  1-Jul-11, 20:32   #13
  0 
lukasb 

Joined: Mar '11
Location: Croatia
Age: 39 (M)
Posts: 1738
Right... so just the other day they where in deep **** and today some goody gooders from europe will buy whats left of their reputation ( 0%) and pay all the debt to american players out of... good will Confused and this was written in an american newspaper....riiiiiiiiiiiigth Evil

     
  2-Jul-11, 06:02   #14
  0 
SuperNoob 

Joined: May '09
Location: India
Age: 33 (M)
Posts: 4873
finally some hope for players to get their money back, might turn out to be a risky investment if their license status is not sorted out but lets see how it turns out for them.

     
  2-Jul-11, 09:12   #15
  0 
ArcticBear 

Joined: Jun '11
Location: United Kingdom
Age: 64 (M)
Posts: 221
who cares?

     
  4-Jul-11, 00:57   #16
  0 
gooch 
Joined: Feb '11
Location: United Kingdom
Age: 47 (M)
Posts: 1
it will pay them to pay the debt. it will take a few yrs to get as many players on a site like fulltilt. over 70,000players on average. think about it. pay the debt keep site open. alll i can say is that all outomated services like a bandit or online gambling is fixed . always as bin always will be. you only get a real game in a casino or with your mates.

     
  4-Jul-11, 08:23   #17
  0 
MIGO14 
Joined: Mar '11
Location: Germany
Age: 51 (M)
Posts: 1242
Well I guess there still has to be a lot of money somewhere within this company.
So its not just buying the software and the name without any value.
The big problem will be to convince players to play there again and not to withdraw their money.

     
  4-Jul-11, 14:55   #18
  0 
ImRincewind 

Joined: Aug '10
Location: Argentina
Age: 33 (M)
Posts: 179
Like someone say before... too good to be true... Who will be so stupid to invest so much on that thing, it's the best software but the worst reputation, nobody will stay there... I don't think somebody wants to lose that much amount of money...

     
  4-Jul-11, 18:21   #19
  0 
Macubaas 
Joined: Apr '11
Location: Romania
Age: 31 (M)
Posts: 6669
Some of you are right indeed, i mean they need to pay all the money they own to the american poker players, plus some fees that us will force tem to pay after the black friday, and i presume the money of all non us players are still there, at least this is what i think Thumbs Down

If you sum that up i think we are talking about some ridicoulous amounts of money, well over 200 millions dollars, and for this kind of money you can basically create a very performant poker platform and invest some millions of Dollar Dollar Dollar in online and tv pub you are making a super poker platform from scratch Smile

We'll see what will be the conclusion of this tensioned situation, my only hope is that i will get back my couple of hundreds of dollars i had in my full tilt poker account, but i would defiantely miss rush poker and multi entry tournamesnt Sad

     
  4-Jul-11, 23:04   #20
  0 
andy5521 
Joined: Jul '08
Location: United Kingdom
Age: 30 (M)
Posts: 89
Well i use to play on full tilt poker and use to enjoy it quite alot, i was even gonna promote it using fliers but im glad i didnt and im very happy that they have been caught out and hope that whoever buys it will make better use of it.

     
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