Full Tilt Poker Issues Exclusive Statement Regarding Investors

For well over a month, poker fans have heard rumors that a group of European investors had expressed interest in acquiring Full Tilt Poker, which gave credence to the possibility that players may actually see refunds. However, that enthusiasm dwindled as news regarding a possible takeover grew stagnate.

In a press release issued exclusively to PokerNews by Full Tilt Poker, it seems the company is now seeking other possible investors. Here is the press release which we received Monday, August 22, 2011, in its entirety:

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.

I am still pretty hesitant to think that I will get my money back.

I'll believe it when i see it. Either way it's probably going to be a long time, before any U.S. player will see any of thier money. Not to mention Full Tilt will probably stay gone forever. But let's just hold our breath and wait and see.

"...is now seeking other possible investors ....about disclosing the progress of negotiations with potential investors because there is often a requirement of strict confidentiality "

Reading between the lines ... Euro investors are not interested.

Thatsabout what it sounds like. but who knows.

This is depressing news, but tbh I am not looking forward to this being resolved. It would be nice if it was, but I think alot is going to hinge on what happens in court and I am thinking it does not look good. New investors would be awesome, and who knows, maybe someone else will step up.

Ah shit

Hmm, sounds like not the best news regarding FT...

yes this wasnt good news

Hopefully they will find a good investor, but it does not look that good...

Once again I dreamed about Full Tilt Poker and they got new layout and design when they reopen lol.

bullshit...

I've been thinking why would anybody want to invest in a company that already owes it's customers something like $150 million? People keep talking about it, because they want to keep their hopes up that someday they will get their money back. I've lost over $300.

i dont even get, who would ever tr ust in it again, even if they ever managed to come back??? and i still alwayss wonder how howard lederer is holding up thru all this and when he would make a statement too or go out in public again...i guess eventaullllyy

omg
you guys have no faith at all.

I have kissed my money good-bye,,, I still have a hard time accepting that a site as large and well known as FullTilt would be so poorly managed....oh well

things doest not look to good with fulltilt.we will never see our money unless the feds give the ok....

people give it up already. you, me and anyone else that had money on fulltilt are out of luck.

Too bad it was managed so poorly cause it was actually nice to play on, but not gonna if it ever reopens.

In a strange way it is missed,,,,many of us in here have used the site.....and actuallly enjoyed playing there !

so if they get sell it would that open it up to the us? god i miss the feeling of making deep runs in great tourneys on ft

What are they smoking.

I doubt much it will open for US, maybe some European investement

Until there is some type of legislation on poker in the US I cant see them opening back up to the US. To risky

Hopefully they get their shit together. So we can start playing again

Seems like the taxes generated from online poker in the US would really help the country right now. Then again it doesnt seem like congress wants to do anything helpful lately.

such a big mess.....

Quote:

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Originally Posted by upstatezebra

so if they get sell it would that open it up to the us? ...

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UIGEA is still around the last I looked ... Those DOJ bank fraud and money laundering charges too.

Unless its going to be a totally new site, does any1 think it needs changing much ?

congress is ajoke vote them all out send a strong message to new incomers and yes they need to make it regulated for the players to know they are in a fair game

There is not enough lobbyist money to overcome the Indian Gaming and Thoroughbred Racing Association to ever get Online poker

back to the way it was. Online poker in USA is like the 8 track player, gone forever. Unless it is Owned by one of those 2 groups,

and the Take from Brick and Mortar is way to good for them to even bother. Find a local Track or Indian Casino and get comfortable.

i agree, online poker will never be the same in the USA

For sure it will not be the same, but maybe legalized and a safe business in future

ohhh imiss fulltilt. private forum frerolls are hard to find since fulltilt is down..

why do people keep blameing fulltilt.??
its not fulltilt its our gov.
they did this cause there not getting there cut.
so they go after the the best site.
the gov. is a bunch of greedy sobs,
and over payed lyers.

dont care about my money just want it back as i have sight broblems and i found it the best laid out and best looking sight i have played on and i have played most of them.