Full Tilt Poker Customers Facing Months of Uncertainty Over Funds
The bad news just keeps coming for Full Tilt Poker customers with the website informing players that they won’t receive any funds they have in the poker room before September – at the earliest!
Full Tilt was among a group of poker rooms, which also included PokerStars and Absolute Poker, closed by the US Department of Justice (DoJ) on April 15 – or ‘Black Friday’ as it has become known – while British and European players were also caught up in the mess on June 29 as the Alderney Gambling Control Commission (AGCC) suspended the licences of Full Tilt Poker.
Those decisions have left almost $150 million of player funds frozen across the globe, with Full Tilt still providing little information and updates on the situation.
In fact, if you visit their website, the home page message still reads: “System Update: We apologise but the system is currently down. Please check back later. Please direct all enquiries to firstname.lastname@example.org.”
Additionally, following the AGCC decision – made under pressure from Full Tilt’s lawyers – to halt this week’s London hearing into the firm’s activities, customers now face a minimum of two months before gaining access to their accounts, although it is still unclear if they will receive all cash back.
A source with inside knowledge of the current negotiations with Full Tilt said that “the AGCC are looking for a practicable solution which is in the best interests of the players”.
He also added that more than a few of the larger, “licensed European gambling groups have made enquiries as to the viability of buying Full Tilt, or at least acquiring its player database”.
That could be good news for the poker room’s many customers, of course, “especially in Europe”, though, as the investors thought to be considering making a move for Full Tilt were recently reported to only be interested in purchasing the poker site’s UK and Irish assets, and possibly some of the firm’s other European licences.
It is also believed that bwin.Party Digital Entertainment, Bodog Poker and 888 Poker are deliberating over a bid for the troubled Full Tilt’s European assets.
The insider continued by suggesting that the “most likely outcome is that a big European player buys Full Tilt’s UK, Irish and French licences and reactivates player accounts in those markets”.
However, as far as American customers are concerned, due to the “extremely confused regulatory picture, the situation is much less clear”.
This saga is set to run and run, but we’ll keep you updated as best we can when any new information becomes known.