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Black Friday: Full Tilt Poker issues statement regarding investors

Tags: black friday, full tilt poker, investors, press release.
Posted on 23 August 2011 by "T".

For more than a month, poker players have heard rumors that a group of European investors have showed interest in buying the site, which gave a small hope to the players with outstanding funds since Black Friday. However, these rumors trustworthiness has dwindled more and more every day since no official statement has been made by Full Tilt Poker. Yesterday, after weeks of silence, Full Tilt Poker finally sent out a press release with some interesting information on potential investors and the site's future.

Dublin, Ireland (August 22, 2011) - On August 16, Irish based Pocket Kings Ltd., brand executor for the Full Tilt Poker moniker, concluded the exclusivity period of negotiations with their current potential investor.
While Pocket Kings Ltd. plans to continue discussions with its current investor, the company has now begun negotiations with additional potential investors to conclude the sale/partnership of the Full Tilt Poker brand and its assets.

Full Tilt Poker apologizes for its lack of communication with its customers over the last month and a half, but it has been grappling with unexpected and complex legal and financial issues arising from Black Friday and its aftermath. In addition, the company has had to be circumspect about disclosing the progress of negotiations with potential investors because there is often a requirement of strict confidentiality.

To the extent that it can do so without jeopardizing future opportunities, Full Tilt Poker will strive to have better communication with its customers going forward. Full Tilt Poker's number one priority remains the same: to secure an infusion of capital to repay all of its worldwide customers.


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5 comments on "Black Friday: Full Tilt Poker issues statement regarding investors"

 SuperNoob23/08/2011 17:41:16 GMT
clearly they are not satisfied with the deal offered by the current potential investors. whatever they do, they have only around 3 weeks left to make some progress.
Posted by B1gfoot:

FT has a lot of kiss-ass to do if they want to keep customers.

@SuperNoob the 1st invester actually pulled out of a deal, they have FT by the balls it seams.

maybe they should offer rakeback to all players when they come back
and yeah definitely doesnt look good for players who got money stuck
 B1gfoot23/08/2011 17:43:17 GMT

Its hard to know what to make of it, with so little communication from them, not that we actually needed any, but it would have been nice to know that they care and feel have a responsibility to their customers, its just a carrot.
I guess, "plans to continue discussions with its current investor" is a typo, or have they got an investor and need a 2nd?

I just want to play RUSH, no longer care who owns the game, FT has a lot of kiss-ass to do if they want to keep customers.

@SuperNoob the 1st invester actually pulled out of a deal, they have FT by the balls it seams.
 IslandJack23/08/2011 19:46:40 GMT
If they need an "infusion" of cash, why don´t they just re-deposit the money they stole from the players? Aww crap!

Damn, I want my cash and my sh**load of STEP tickets back!
(and play Rush once in a while too... Big Smile )
 shokaku24/08/2011 12:43:59 GMT
Translates to: We didn't came to terms with this group of investors, and now we are hoping for someone to step in, and help us out of the misery.
 MIGO1424/08/2011 13:53:35 GMT
Indeed this does not look to good I am afraid.
Looks more and more to me that they will never reopen again.
But who knows, maybe we will all be surprised positively...

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