When talk began about a group of European investors who were interested in buying Full Tilt Poker, everyone who still had money lodged in the site started to become hopeful. These people would fix the problems caused by the Black Friday incident. They would provide enough money to cover the cost of all those whom the company still owed money to. However, the most recent news is pretty disheartening, especially for US players. It turns out that the investors are only interested in the site’s UK and Irish licenses.
Deadlines Closing In
There are only four days left before Full tilt has to appear before the Alderney Gambling Control Commission. This organization was the one that took away Full Tilt’s license to operate, which ultimately led to the site’s current condition. The hearing, which will occur on the 29th, will decide the site’s fate. It was assumed that the negotiations would have concluded today, but it appears that they are still hashing it out on the negotiating table. However, it became clear that the site’s problems are likely to remain unfixed in the US when a source told eGaming that the negotiations have ‘nothing to do with stateside activities’. They might pay the players off in order to start with a clean slate, but it’s still too early to say. The only licenses specified were those in the UK and Ireland, including Alderney. The site’s license in France has not been stated, though it wasn’t rejected either. Since the investors are European, there’s a big chance that the French license may also be included.
Bad Poker Climate
Of course, it’s pretty understandable that the investors may want nothing to do with the US poker market. There’s a huge following for poker there, to be certain, but the government is just cuckoo when it comes to online gambling. Poker may be considered as one of the “all American games”, but it’s ironically outlawed by the state. Several politicians are trying their best to get a bill legalizing online poker through, but there is too much opposition from the different parties for one to actually go very far. The urgency of a decision is becoming more and more pressing, though, especially now that so many people have been left floating when online poker was suddenly taken from them without much warning. Hopefully, though a US license is out of the deal, the new investors will still think of Full Tilt’s US customers and still issue a payment of refunds.
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