New Investors Want to Drop Full Tilt Poker?
According to recent rumors, new investors are in two minds about the fallen online poker giant Full Tilt Poker; they are wondering if attempting to revive the poker site is really a good idea. Even if they ultimately purchase it, they do not want a license to provide online poker in the US. Parties interested in investing in this online poker site want gaming licenses only for Europe, UK, and Ireland.
On July 26, the Alderney Gambling Control Commission (AGCC) had a hearing to decide the fate of this online poker room, which once enjoyed great popularity among online poker players in the US. On that day, the US players who had enjoyed several hours of their lives playing top quality poker at Full Tilt Poker before its fall as well as all those interested in investing in Full Tilt Poker, waited with bated breath for the final verdict.
Ever since the Black Friday of online poker, the day on which the US federal government cracked down on three online poker giants PokerStars, Full Tilt Poker, and Absolute Poker, seized their domain names, and arrested their executive officers, Full Tilt Poker has been having a bad time. The online poker company also lost its license to provide poker gaming services in the French market. The parties interested in investing in Full Tilt Poker have not yet made it clear whether they would like to get a license for France; however, they have already purchased Pocket Kings, the Dublin-based technology and marketing company, and the AGCC licenses.
Certain facts that were revealed during the AGCC hearing, which was held behind closed doors, made investors wonder if they were wise to bother about Full Tilt Poker. Since Full Tilt Poker is entangled in law suits worth that run into millions of dollars, new investors are wondering if the cost of rescuing the fallen poker giant won’t be much more than launching a new poker brand for the European, Irish, and UK markets.
Ever since the AGCC suspended Full Tilt Poker’s gaming license, little has been known about any investor willing to purchase the brand. For some time, the air was thick with rumors that a European consortium was expressing interest in reviving the poker giant and striking a deal with Harrah’s. However, there were no official confirmations regarding the same, and ultimately, media reports on these rumors stopped appearing.
New investors are in two minds regarding investing in the fallen Full Tilt Poker even as innumerable online poker players in the US are wondering if there are any chances of getting their poker funds locked up within Full Tilt Poker. Simultaneously, US online poker players are recovering from the shock of Black Friday and are mulling over the idea of migrating to other online poker sites such as Carbon Poker and William Hill Poker. In fact, many of them are migrating, and online poker sites such as Titan Poker and Party Poker have launched a wide range of promotions to attract these displaced players.
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