Full Tilt Hearing - I Told You So
There is no other way to put this but to say, I told you so.
I said weeks ago that if the Alderney Gambling Control Commission was to reinstate Full Tiltâs license that they would need to show that they are making significant process towards paying US players back.
Guess what? That hasnât happened. Oh, guess what else?Â The trial was adjourned until the middle of September.
Part of the reason?Â To give Full Tilt time to get investors in place (supposedly to pay back US players.)
So, at earliest we are looking at a late Sept or October repayment at best. October would make it 6 months from the time that the DOJ came down with the hammer.
Again, I said it would take at least six months before we saw our money. (Ok, so I was 1/3rd wrong because of Pokerstars paying us back. Two out of three ainât bad. Oh wait. It is.)
By the way, I find it interesting that Full Tilt decided that it could skip out on Â£250,000 in license payments, but can now miraculously come up with it in seven days. (Insert your âwhy canât you pay me if you can pay themâ comment here.)
Also, Bodog announced today that they are pulling out of the US market by the end of the year.
It didnât take a rocket scientist to see this coming, but again, I told you so. Granted, the reason is to save face with their new licensing group, the UK Gambling Commission.
I guess Bodogâs rebellious streak is over.
Finally, for those of you pissed off over the fact that the trial went private and Full Tilt wanting to keep all their dirty laundry under wraps, why does this surprise you?
From Day 1, Full Tilt has kept everyone in the dark about what is going on. This is just a continuation of their standard operating procedure.
Full Tilt has another month and a half to come up with some investors or try some other form of wrangling to get their asses out of the fire. I wish I could give you some type of positive outlook on this, but this saga is enough to make even the most patient person jaded.
Right now, my best guess is that they will get some type of plan in place before then. Guess being the operative word.