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 Full Tilt investors only after certain parts of the business, GOOD GAME USA.

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iluvpoker
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PostSubject: Full Tilt investors only after certain parts of the business, GOOD GAME USA.   Fri Jul 22, 2011 12:16 pm

Investors looking at the besieged online poker site Full Tilt Poker (FTP) are reportedly only interested in the UK and Irish parts of the business. Ahead of the Alderney Gambling Control Commission (AGCC) hearing next week a source with connections at FTP told eGR that the acquisition has “nothing to do with stateside activities.”
The source said, “The purchase includes the family of companies in
the UK and Ireland [including marketing and technology company Pocket
Kings in Dublin] as well as the Alderney licences.”
They then added, “The lawyers for the sale and the case are Jeffrey Green Russell, however they are bound by confidentiality.
“The firm, as well as a number of solicitors, will represent Full
Tilt at the hearing, if it goes ahead that is. It could still be
challenged and a sale could still be completed [between now and next
Tuesday].”
Although those involved will continue to try and hammer out a deal
before Tuesday’s hearing it’s unlikely that they will get it done in
time which could have dire consequences for FTP. The result of no deal
taking place will likely see them having to rebrand the business thanks
to the fact that US players are still not being paid. Anyone that was a
key player on the gaming license is unlikely to get one anywhere else in
the world. If this is true it could mean that FTP in its current guise
may be dead, as we know it.
FTP is not the only one that should be worried after stiffing their players. In that respect Covers.com/BetED and Absolute Poker/Ultimate Bet will also be forever persona non grata in the online gaming industry for treating their players in this way.



Source: http://calvinayre.com/2011/07/22/poker/full-tilt-investors-want-uk-ireland-operations/
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