Full tilt poker shut down

Hobbes

anyrag_dipscat;273675 wroteBump. Any news on the Full Tilt shutdown?

They are currently in negotiations with 1 group of investors and the DoJ.

Big Mike

Well, now I know why I haven't been able to log on to FT.

Have been away from online poker for a couple months now....and I return short $300 on Full Tilt. Nice.

Pretty sure I'm down to zero on Stars too...haven't played there for a while...checking into it now.

anyrag_dipscat

Big Mike, when you say you're short $300, do you mean that your site roll was $300 less than it should have been when you last logged on? That seems like an odd stunt for an online site to pull, even if it's Full Tilt.

AFAIK Stars balances don't expire, but I could be wrong about that. If your Stars balance expired, please let me know.

EDIT: No news on Full Tilt this morning from what I can see. The deal with the "European investors" is still supposed to close Friday.

Hobbes

anyrag_dipscat;274404 wroteBig Mike, when you say you're short $300, do you mean that your site roll was $300 less than it should have been when you last logged on? That seems like an odd stunt for an online site to pull, even if it's Full Tilt.

being that you cannot log on to FullTilt to even check your balance, I'd have to say he had $300 on FTP.

Big Mike

being that you cannot log on to FullTilt to even check your balance, I'd have to say he had $300 on FTP.

Yes, this.

Stars balance didn't expire, I just withdrew (or lost) it all and had everything on FT because I had rakeback there and it seemed as safe as Stars.

anyrag_dipscat

In other news, the wagering arm of Paddy Power is offering bets as to whether Full Tilt will reopen on July 27th, after the hearing. The odds being offered are 8-1 they won't and 9-2 they will. To make things even sillier, anyone who makes a bet gets an amount equal to the bet deposited in his Paddy poker account. ... I fail to see how they can make money on this.

Hobbes

anyrag_dipscat;274820 wroteIn other news, the wagering arm of Paddy Power is offering bets as to whether Full Tilt will reopen on July 27th, after the hearing. The odds being offered are 8-1 they won't and 9-2 they will. To make things even sillier, anyone who makes a bet gets an amount equal to the bet deposited in his Paddy poker account. ... I fail to see how they can make money on this.

Either a loss leader or restricted cashout.

Hellmuth's Mole

Lol, problem solved, just got this in my inbox..........

Do you have funds frozen in Full Tilt...?

Then your urgent attention is appreciated. Please sign our petition which we will present to the Alderney Gambling Control Commission at the hearing on Tuesday 26th July in Victoria, London, which calls for the AGCC to enforce it's own licensing Regulation 231(3) whereby it's licensees:

'...must remit funds standing to the credit of that customer as directed by the customer...'

Before any restructure or refinance of the company can be considered, the AGCC must ensure that players' funds are immediately available for withdrawal and that full and proper protection is in place to securely ring fence customer funds on deposit in the future.

Alone we are one, yet together we are strong.

Please encourage everybody you know that may also be affected to add their name to the petition by sharing www.FullTiltScrewed.Me on Facebook and in forums. While the site broaches the subject in a light-hearted manner, the serious message we convey needs to be addressed to protect those currently affected and for the industry to take notice of consumer confidence to prevent anything similar happening in the future.

We will be handing over the petition to the Alderney Gambling Control Commission and posting live updates on the forum from the hearing on Tuesday 26th July.

All the best

www.FullTiltScrewed.Me

Hobbes

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

Hobbes

Hearing adjourned until September (no later than 15th)

anyrag_dipscat

Any info on the reason for the adjournment, and the vagueness of the date?

Hobbes

anyrag_dipscat;275490 wroteAny info on the reason for the adjournment, and the vagueness of the date?

To allow investment negotiations to continue

BlondeFish

anyrag_dipscat;275490 wroteAny info on the reason for the adjournment, and the vagueness of the date?

Because the Alderney Gaming Control Commission has become a joke and is more interested in the £250,000 owed to them by FTP than the hundreds of millions owed to players around the world. :rage:

The Executive Director of AGCC broke his promise that “AGCC’s choice to hold a public hearing in to the future of Full Tilt Poker demonstrates our willingness to act transparently and we will welcome members of the public and the media. As ever at all times, our primary concern is the protection of the player.” :bs:

Full Tilt Poker Players left Fuming at Alderney Gaming Commission Circus

anyrag_dipscat

Well, we all know what hundreds of millions of dollars in assets mean: these so-called "gaming commissions" are bought and sold. The only real surprise is that AGC suspended Full Tilt's licence in the first place instead of merely burying its tonsil deeper in Full Tilt's anus.

philliivey

Fack!, I am starting to miss playing stt's on full tilt :(.

sick cards

I shipped my WSOP seat and they never processed it in time even though they said they would.

Do we have the right to claim funds forfeighted to the DOJ? Since there is no Canadian class action vs FTP whats our next step?

jontm

Unfortunetly, everything points to twiddle thumbs and wait. There are thousands of thousands of players and so far nothing that will "work" or force these guys to pay has surfaced. As one poster pointed out, it's not that Canadians couldn't sue or start their own class action, at the end of the day chasing these guys across various jurastictions and across the world would cost more than you would recover.

And courts are very slow. Hopefully thry fix things on their own, because it seems like the only real way anybody will see any cash.

You don't have to look very far to see a player that has a legal battle with a poker company closer to home that hasn't delivered and several years in... it isn't resolved.

I promiss you I will be looking at everysource I can in next 24 hours, but so for we know a few things for sure:

They haven't paid their licensing fees
Rumors point to Investors only being intrested in their overseas assets that have a "potential" future and posibility of return

The US players are first in line and waiting longer, possibly plenty of their FTP pro's, advertisers and affiliates as well. They won't be able to make any future money of these people, so there is no fear of loss in the face of crisis. They still have major penalties to pay to avoid going to jail. 10-1 they choose to look after themselves first.

Canadians still have value, but if they don't take care of the above, they can't sell to us either, so back to square one. At the end of the day if your house gets taken away, you aren't getting it back, do you countinue making the payments? Same boat for them. They are just looking for away out.

Bottom line, you can't take blood from a rock and FTP is broke.

IMO.

sick cards

Thanks Jontm. Some good podcast on Quadjacks Radio right now. Did Howard really pay T brunson as per his twitter regarding FTP money?

T8urmoney

interesting read on some financials at FTP......

FTP’s Financial Relationship with Two Pros | Subject: Poker

anyrag_dipscat

My guess is that, the second Black Friday happened, Full Tilt knew they were going to shut down permanently and continued fraudulently soliciting deposits. The non-payment of the licence fee to AGC was part of Full Tilt's long-term plan and not something they didn't foresee. Like all financial criminals, they'll get away with it.

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