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Tue, Oct

Anger as Full Tilt Poker Investors Back Out

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Full Tilt PokerOnline poker players waiting for their funds to be out by Full Tilt Poker are very angry after hearing that Full Tilt is once again seeking potential investors.

Pocket Kings, the owner of the Full Tilt Brand, released a statement that read “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.”

What angered the players even more was the fact that Jeff Ifrah, an attorney acting on behalf of Full Tilt, requested that the Alderney Gambling Control Commission hearing that was scheduled for 15th September, 2011, be postponed once again.

At the July 26th meeting, Full Tilt Poker demanded that the public hearing be taken behind closed doors and insisted that the meeting be postponed until 15th September so that the negotiations that it claimed were in full force, would not be jeopardized.

The anonymous European investors have evidently been put off by the impending lawsuit against Full Tilt Poker by the Department of Justice and two private collective lawsuits as well as the fact that $1.5 million is still owed by the group to very frustrated online poker players.