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Full Tilt Poker In Negotiations to Sell Controlling Interests to European Investors

2 July 2011 , By: compncards
Negotiations 409x300
Remember how a couple of days ago I said that the Full Tilt license revocation could be the first steps to players getting their money back? Now it appears that Full Tilt Poker is in negotiations to sell controlling interest in the company to a European investment group. According to an article in the LA Times, lawyers from Full Tilt told the newspaper that a group of European investors will front the money to pay back U. S. players and in exchange they would get a majority stake in Pocket Kings, Full Tilt's parent company.
Categories: 2011 WSOP, Full Tilt Poker, Full Tilt Poker Sale, Phil Ivey

Full Tilt Poker and I Seem to Face the Same Problems

16 May 2011 , By: compncards
My editor here at PokerJunkie told me to do a blog, and I told him that I would have an announcement about the blog on Sunday. Well, late Sunday, I sent my boss the following email. "Since you sent me the email to write a blog for Poker Junkie, I have faced some issues in writing the blog. I worked tirelessly to address these problems and have made significant progress.
Categories: Black Friday, Full Tilt Poker, Online poker, online poker indictments

Indicted Online Poker Sites Returning Money Sooner Than Expected

1 May 2011 , By: compncards
Poker Jail
There is a really good chance that I am going to be wrong about the amount of time it will take players to get their money back from Full Tilt and PokerStars. As I discussed in my last blog, PokerStars is currently processing withdrawals from US players and there are reports from all over the US of players getting their funds back already. Now it appears that Full Tilt is ready to pay back funds. Earlier in the week, Full Tilt released an FAQ for US players saying that an announcement would be made regarding payouts later this week.
Categories: Absolute Poker, Black Friday, Full Tilt Poker, Karak, online poker indictments, PokerStars, Scott Tom, UB

Online Poker Legal in D.C. - I'll Believe It When I See It

14 April 2011 , By: compncards
About 15 years ago, my dad was applying for a veteran's pension. He was of the mindset that he would not get it. When asked about it, he used to say "I'll believe it when I get it. " Then, about 8 months later, he got the letter saying he was accepted.
Categories: online poker legalization, poker legal in DC, Poker Legalization
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