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    Full Tilt Poker Investor Looking to Buy UK and Irish Assets ONLY | QuadJacks Poker News

    Posted by Quad Jacks July 22, 2011

    For weeks now we have been saying that the investor which is looking at buying Full Tilt Poker would be crazy to buy any of the BAD assets, now it looks like that is the case

    The rumored exclusive negotiations with Full Tilt Poker and the group of unknown investors is coming to a close, just days before the Alderney hearing in London. We have said in the past on the QuadJacks Poker Radio show and in many of my blogs that the investors would be crazy to buy the “bad” assets from Full Tilt Poker. The investors are said to be looking at only acquiring Full Tilt Pokers UK and Irish companies reported by eGaming Review.

    The Alderney hearing which should seal the fate of Full Tilt Poker happens early Tuesday morning in London, 10am Greenwich Mean Time. We will have full coverage of the hearings on QuadJacks Poker Radio starting at 4pm and will last as long as it takes to get to the bottom of the Alderney Full Tilt Poker situation.

    A source connected to the suspended Full Tilt Poker company has told eGaming Review that the ptential transaction had “nothing to do with stateside activities” and the investors are still looking to buy part of the busted Full Tilt Poker brand. We also heard that these rumors might be a smoke screen sent out by the Full Tilt Poker lawyers to try and buy some time and might not be the total truth to what is really going on at the Full Tilt Poker headquarters.

    The source allegedly inside Full Tilt Poker told eGaming Review that “The purchase includes the family of companies in the UK and Ireland [including marketing and technology company Pocket Kings in Dublin] as well as the Alderney licences,” and that he is unclear if they would be looking at buying the Full Tilt Pokers French licence which was also taken away last month.

    The Full Tilt Poker source also told eGaming Review that “The lawyers for the sale and the case are Jeffrey Green Russell, however they are bound by confidentiality [and will not reveal the investors in talks],” the source added. “The firm, as well as a number of solicitors, will represent Full Tilt at the hearing, if it goes ahead that is. It could still be challenged and a sale could still be completed [between now and next Tuesday].”

    The main focus of the Alderney hearing will be to “make public evidence from both AGCC and Full Tilt regarding the suspension of Full Tilt’s licence and to adjudicate the findings transparently”.

    We are planning on having an expert panel on Monday to discuss the hearing and to give thoughts and ideas on what is in store for all affected in this Full Tilt Poker mess.

    There are 4 Comments

    1. - July 22, 2011
        -   Reply

      So Americans are fked? The company will 100% go under if Americans aren’t paid. WTF

    2. - July 22, 2011
        -   Reply

      Nice post,
      FTP is way screwed. Getting any of our back back will take a very long time unless Steve Jobs buys them out.

    3. Rick
      - July 23, 2011
        -   Reply

      At this point, what regular, unknown player really expects to have his/her FTP bankroll returned? You have to pretty much write it off. They screwed us, they took our money, and that’s that.

      The only thing left to say is this. If our government was thinking, they could have set up regulations in 2004 or 2006 to regulate and tax online poker in the U.S. The dollars could have stayed here in the U.S. and A., and the players would have protected.

      Now, it’s the worst possible result. Players in our great country are excluded from online poker, and FTP bankrolls are gone. We will never see those dollars again, and that is very upsetting and fustrating.

      If the new owners only pay back certain international players, then poker players like myself, need to call for a GLOBAL BOYCOTT of all FTP brands, and new brands used to market the software.

      In the mean time, those responsible for stealing our bankrolls should go to jail. They should be sentenced to 20 years in jail, and given reductions based on the percentage of dollars returned to the regular players.

      In a civil society, when a crime has occurred, the laws need to be applied in such a way, as to give the victims justice. I think the U.S. Gov., and the other governments around the globe should maybe look into where the money went, and how can it be returned to the players.

      Who made the $? Where did the $ go? How can it be returned to the players?

      Maybe the class action suit in Nevada will end up with an Irving Picard type of collector, who can go around and file lawsuits against all the big players ended up will all the FTP money, as salary, winnings, or 100% rakeback. I would go after the team members, card runners members, Hen Mob, all associate red pros, and perhaps friends of FTP – who got things.

      • Rick
        - July 23, 2011
          -   Reply

        Note: I just did some reasearch. The class action is filed in NYC, in the Federal Court of the Southern District of NY, and not in Nevada. As it turns out, I live in upstate NY. Depending on my schedule and when they have court, I might try to attend some of the pre-trial conferences, and perhaps even a trial.

        In some situations, the federal long arm statute could allow a litigant/class of litigants to bring a federal lawsuit against a foriegn entity in a U.S. Federal Court, such as the southern district of NY.

        I find this very interesting. At least a small group of players have brought a lawsuit against FTP and those inside FTP.

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