If anyone were to single out one company that is going through a tough time in the present, then most people would pick Full Tilt Poker. Although this might evoke the sympathy of some players in the poker community, Full Tilt Poker by itself is not doing much to change the situation.

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In fact, it is not even doing enough to gain and maintain the sympathy of the people or the players who will later determine its future if the company ever does out of its ongoing financial crisis.

Full Tilt Poker had openly promised to keep players up to date with news regarding its current scenario including potential investors and funds and with regards to this the company had released a statement that reflected the overview of finances about two weeks ago. This particular statement issued had no new information that was of use to the players.

The latest statement issued by the company discusses a ‘cost optimization program’ and once again it failed to mention any of the important details required of the company. The statement did not mention anything regarding the potential investors, the hearing with AGCC or funds of players and rather spoke of a meaningless tale of finances and cost optimization.

Players who are yet to receive any funds from the company have expressed disappointment, anger, resentment and frustration to the site’s seemingly deaf ears.

As of now, new problems like the company asking for an extension to the hearing and the solicitors stating that they will not defend the company against the new class action suits filed against them in New York are rising. While the general opinion is that Full Tilt directors and shareholders are wasting time and money in order to get to the point where they can declare bankruptcy and escape the current situation. In that case, players will only receive a percentage of funds they should.

Currently, all of this is based on speculation and the poker community is awaiting definite results and news from the AGCC hearing.

In the statement the company released regarding the finances, it was mentioned that; “…Full Tilt Poker withdrew from the US market. Then in a related action, on June 29th, 2011, Full Tilt Poker had its operating licenses suspended by the Alderney Gambling Control Commission. As a result, Pocket Kings Ltd. (provider of marketing and technology services to Full Tilt Poker) has adopted a cost optimization program and estimates that they need to reduce their costs by approximately €12m…”

Sadly, all this only seems to prove that Full Tilt Poker has nothing left to give, and even their promises are completely falling short.

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