Poker news tagged with 'pocket kings'

According to The U.S. Attorney's Office for the Southern District in New York, Ray Bitar returned to USA and gave himself up to the FBI on Monday.

Bitar, the CEO of Pocket Kings, the parent company of Full Tilt Poker, is facing 5 charges for his role at Full Tilt Poker, including money laundering, illegal gambling business etc.

Read more » Black Friday: Ray Bitar Surrenders to U.S. Authorities

Group Bernard Tapie Group made a statement yesterday in which they wrote that they have failed to reach an agreement with the United State Department of Justice to acquire the assets of Full Tilt Poker.

Groupe Bernard Tapie regrets to announce that, after seven months of intensive work, our efforts to obtain final approval of the United States Department of Justice of the agreement to acquire the assets of Full Tilt Poker have ended without success.

Read more » Group Bernard Tapie won't buy Full Tilt

Lothar Rentschler, the Chief Marketing Officier at Pocket Kings Ltd. (Full Tilt Poker's parent company), has decided to step down from his position and leave the company after nearly 3 years. There is no doubt whatsoever that Rentschler, just like many other employees, has decided to quit due to the complicated situation at the company since Black Friday. Rentschler's duties at the company will officially end on September.

Read more » Full Tilt Poker's marketing manager quits

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 investors who would put up enough money to pay back players and in doing so attain a majority stake in Full Tilt's Irish parent company, Pocket Kings."

Read more » Full Tilt Poker to be sold