Latest Full TIlt update

According to reports the Full Tilt deal is slowly nearing completion and the site could be up and running again by the end of next week.

eGamingReview has published information from the Full Tilt lawyer Jeff Ifrah saying that the deal with an unnamed group of European investors would solve all of FT’s recent issues, including resolving payment issues for the players. Along with these negotiations, FT has also had talks with the two gaming authorities that recently suspended their licenses, and are scheduled to talk with the American Department of Justice shortly.

All going well, this deal could see Full Tilt operating as a poker room by some time next week.

Mr Ifrah also denied that the current FT CEO, Ray Bitar, has been ousted.

In the meantime, other online poker rooms have seen a sharp increase in their numbers in the last two weeks. Both Poker Stars and Party Poker are showing considerable increases in players and these are presumably ex FT players.

As we said before, a month is a long time in online poker, and if FT does manage to get back into action it is to be presumed that it will not automatically take back its place as the second largest online poker room.

It is also reasonable to expect that confidence in FT and its management will be at an all time low and if player funds are made available there will be a rush to withdraw as soon as possible.

We will continue to watch.

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