Full Tilt Poker Releases Statement on Potential Investors

Amid all of the bad news surrounding Full Tilt Poker ever since Black Friday, one ray of hope was the possible infusion of new cash into the business thanks to a potential European investor. In fact, rumors of an investor was the one thing many players felt they could point to as a positive sign that Full Tilt Poker might be able to reopen – or at least repay their players.

However, PokerNews revealed last night that they had received an exclusive press release from Pocket Kings, the parent company of FTP. The press release revealed that the exclusive negotiation period with the initial potential investor had concluded last week, meaning that other investors might now also be considered.

“While Pocket Kings Ltd. plans to continue discussions with its current investor,” the release stated, “the company has now begun negotiations with additional potential investors to conclude the sale/partnership of the Full Tilt Poker brand and its assets.”

What was likely meant to reassure customers quickly became interpreted as a negative sign, with many wondering why negotiations had been unfruitful between Pocket Kings and any potential investors.

Full Tilt Poker has struggled to maintain any semblance of its former reputation after the events of Black Friday. First, FTP was unable to immediately pay account balances to American players in the aftermath of Black Friday, in sharp contrast to the almost immediate payments made by rival site PokerStars. Later, FTP was forced to suspend all operations after their license to operate was pulled by the Alderney Gambling Control Commission.

The company has also been criticized for their poor communication with customers, particularly considering the fact that all players are now unable to access their account balances. This issue was addressed by Pocket Kings in the press release.

“To the extent that it can do so without jeopardizing future opportunities, Full Tilt Poker will strive to have better communication with its customers going forward,” the company stated. “Full Tilt Poker's number one priority remains the same: to secure an infusion of capital to repay all of its worldwide customers.”