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Did I Speak Too Soon?

September 30, 2011

Yesterday, it looked like Full Tilt Poker was dead and buried. The Alderney Gaming Commission had, after many months, pulled the site’s license and the rumored purchase by a group of French investors appeared to have, in the words of one of my favorite movies, vanished like a fart in the wind. Today though – today, FTP has risen from the ashes like a phoenix climbed from the grave like a zombie.

Apparently, the French are craftier than anyone thought, announcing today that they have agreed to buy what’s left of the struggling poker site for an undisclosed price that will include “repayment of Full Tilt Poker’s world-wide players in full….” So far so good, it seems, except for one thing. Any deal between FTP and the potential new owners is subject to a number of conditions, not the least of which is a “favorable resolution with the United States Department of Justice.

In other words, if the DOJ doesn’t like the terms, rumors of Tilt’s death may not have been exaggerated after all.

Like many others with close ties to Tilt, I’d love to see the company survive and thrive if and when new management takes over, but the fact is, I’m not holding my breath. The company’s reputation and brand are too tarnished to save, and I think the players who’ve had their bankrolls locked up for the past six months will hold too much ill will to ever give a “new” Full Tilt Poker a chance to prove itself as reputable site on which to play.

Of course, I have been wrong before.

One Comment leave one →
  1. October 3, 2011 7:35 am

    I get the feeling they are dead and buried even if the deal goes through. Too much bad blood. Do not tell the French though we want out money back.

    I would imagine the DOJ would go along with this buyout because they want to look like the good guys who won the Americans back their money! Hoorah! DOJ! Yay! Fuck them.

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