Full Tilt Poker players, who are still waiting for their refund, hoped that they would get back their money after Full Tilt Poker came to an agreement with certain European investors. However, Full Tilt Poker recent press release has destroyed any hopes that players might have had of a refund. In extremely flowery terms, Full Tilt Poker had announced that it has concluded its negotiations with potential investors from Europe and is now turning its attention on other investors.
Full Tilt Poker had announced in a recent press release that it has “concluded the exclusivity period of negotiations with their current potential investor and have now begun negotiations with additional potential investors to conclude the sale/partnership of the Full Tilt Poker Brand and its assets.” Disappointed poker players rightly interpreted it as Full Tilt Poker’s failure to come to an agreement with European investors from Europe. One does not need to be a genius to realize that it is not the European investors, but Full Tilt Poker that is in deep trouble. The online poker giant has not only lost its reputation, but has also has its licenses to operate suspended. Moreover, the online poker site’s situation is getting worse as it continues to delay refunding its players.
From Full Tilt Poker’s statement, it is quite obvious that the potential investors from Europe have decided to back off. Since the situation is far from enviable, one can hardly blame them for walking away and leaving Full Tilt Poker to its sorry fate. One does not even need to be an insider to realize that Full Tilt Poker is up to its neck in trouble. What’s more, there are rumors that these potential investors recently had a chat with the US Department of Justice (DOJ) in a bid to figure out just how serious Full Tilt Poker’s problems are and whether the online poker giant’s lawsuits could somehow be written off. Obviously, the investors have not been able to negotiate with the DOJ.
Since September 15 is getting closer, Full Tilt Poker will soon have another hearing with the Alderney Gambling Control Commission (AGCC), which recently suspended both its licenses to provide gambling services. If Full Tilt Poker fails to resolve its problems and to convince that AGCC that it is indeed fit to function, it might lose its licenses for good. Under these circumstances, Full Tilt Poker players might as well kiss their money good bye.