Full Tilt Poker Faces More Trouble with Lost Investors
03/09/11 18:50 Filed in: Poker | Full Tilt Poker
Full Tilt Poker has had a rough couple of months, struggling to maintain its business after the world of online gaming was rocked by the Black Friday legal indictments. The situation doesn’t look to be improving for the poker company as it now faces further troubles related to securing investors.
Full Tilt Poker’s Secondary Client Provider Authorization license was recently renewed, giving industry observers hope for the business — something that was furthered after the company was able to repay a $410,000 debt. Even with these promising signs the future of Full Tilt Poker still depends greatly on its ability to obtain investment from backers, however, and this week saw a potential deal fall through. After lengthy negotiations Full Tilt Poker must now begin to scramble for new financiers, leaving its many customers uncertain of whether or not their site of choice will ever return to normal business. In a statement issued from Full Tilt’s spokespeople the poker platform apologized for “its lack of communication with its customers over the last month and a half”, citing “unexpected and complex legal and financial issues” that have kept it from repaying its site members’ debts and properly informing them of its current status.
Despite being wracked with seemingly endless difficulties, Full Tilt Poker may be able to reclaim its place as a leading poker company after its legal future is decided at its 15th September hearing with the Alderney Gambling Control Commission. If the hearing goes well, securing investors should prove much easier than it currently is.
Visit Full Tilt Poker Today
Full Tilt Poker’s Secondary Client Provider Authorization license was recently renewed, giving industry observers hope for the business — something that was furthered after the company was able to repay a $410,000 debt. Even with these promising signs the future of Full Tilt Poker still depends greatly on its ability to obtain investment from backers, however, and this week saw a potential deal fall through. After lengthy negotiations Full Tilt Poker must now begin to scramble for new financiers, leaving its many customers uncertain of whether or not their site of choice will ever return to normal business. In a statement issued from Full Tilt’s spokespeople the poker platform apologized for “its lack of communication with its customers over the last month and a half”, citing “unexpected and complex legal and financial issues” that have kept it from repaying its site members’ debts and properly informing them of its current status.
Despite being wracked with seemingly endless difficulties, Full Tilt Poker may be able to reclaim its place as a leading poker company after its legal future is decided at its 15th September hearing with the Alderney Gambling Control Commission. If the hearing goes well, securing investors should prove much easier than it currently is.
Visit Full Tilt Poker Today
