Reports Link Jack Binion to Full Tilt Poker Investment

According to a report at Subject: Poker, Jack Binion is in talks that could lead to the casino mogul investing in Full Tilt Poker. This comes on the heels of reports that Full Tilt Poker was looking for investors in order to raise capital, which in turn could potentially be used to pay back US players.

Jack Binion is one of the most prominent names in the American casino industry. He was the son of Benny Binion, who founded Binion’s Horseshoe Casino (though Jack sold nearly all of his stock in the company in 1998), and was the original founder of the World Series of Poker.

According to Subject: Poker, both Jack Binion and Phil Ivey have been visiting Full Tilt executives in Ireland. Ivey is currently in the middle of a legal dispute with FTP over their handling of the Black Friday indictments and their resulting failure to pay American players.

Full Tilt Poker has come under intense public pressure in recent weeks. While PokerStars was able to pay account balances back to their American players within weeks of the Black Friday online poker shutdown, FTP has had difficulty beginning a similar process. Communication between Full Tilt and the poker community has been lacking, a problem even the beleaguered site admits they need to do more to resolve. Full Tilt has publically mentioned pending agreements that may help them repay American players, but has not singled out Binion or any other potential investors by name.

Currently, Jack Binion works as a consultant for Wynn International, having served as the chairman of the company for a time beginning in 2006. He is a member of both the American Gaming Association’s Gaming Hall of Fame and the World Series of Poker’s Poker Hall of Fame.