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A group of European investors rumored to take control of Full Tilt Poker

Is this the end of the crysis for the online poker giant?

Go to the latest full tilt poker news

For the past three days latest poker news have covered the most exciting piece of news that appeared in the poker scene recently: the Full Tilt Poker standoff against its regulating agency, the AGCC. The latest rumor, and so far the most believable out of all of the hundreds of rumors spread all over the internet, puts Full Tilt Poker on sale. The suspected buyers? A group of European investors, who are said to take the wheel of this sinking ship and try to salvage it.

Ever since the Black Friday events, American players have not been able to get their money from Full Tilt Poker – and there were a lot of money to be handed out, with an estimated $150 million owed by Full Tilt to their U.S. players. And even though they were only one of three sites to be affected, one of two poker companies managed to pay their customers and they’re currently not in any kind of debt – we’re not even going to let you guess which one. PokerStars, the largest online poker room in the world, managed to pay their users, an estimated $120 million, while Absolute Poker, the smallest of the group, opted to shut down entirely.

The most recent sources from deep within the Full Tilt Poker defense, quoted today by the LA Times, state that on Thursday, the company signed an agreement with a group of investors from Europe. With their money, the company would not only have enough to pay back users, but also have enough to fight the lawsuit that the United States attorney’s office started against them. If all goes well, the company should return in good standing, with their reputation intact and their players content. While that’s very good in theory, the real thing looks slightly different. Many players just want their money back from Full Tilt and run away as fast as they can, and the number of customers that still have faith in the site after all of this settles down will undoubtedly be much smaller than before. They have even lost the support of one of their star players, and a former spokesperson for the entire site, Phil Ivey, who is now suing the company.

For the first time since the scandal broke out, things are starting to look up for Full Tilt Poker. The outcome is still far away, though, and we’re expecting much more news to break out on this matter soon enough.

Be carefull when you play online, read more about poker site warnings.

Andrei

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