Full Tilt Poker could bounce back

The last three months saw Full Tilt Poker (FTP), the world’s second largest online poker room, brought to its knees by legal and financial problems that have virtually crippled the poker room and brought to a halt its international operation.

It all started with the events of Black Friday when US federal authorities seized FTP dot com domains and federal indictments that were brought against its founders. FTP stopped immediately accepting US players and started discussions with the authorities about releasing the dot com domains to facilitate return of US players’ funds held in company accounts.

Unfortunately FTP has yet to refund any players’ funds, while its top competitor PokerStars has already refunded over 100 million USD to US players. FTP dragging its heels on the refund issue has caused past professional players to file lawsuits against the company demanding the refund of all funds.

FTP continued to claim it is not bankrupt and that it's doing everything it can to facilitate a fast refund to its players. In the meantime it has also lost its Alderney gaming license, followed by forfeiting its French license a week after that.

Now reports are coming from FTP company lawyer Mr. Levi Ifrah that FTP is very close to signing a deal with a group of anonymous European investors that are seeking to invest in the company, a move that can finally facilitate settling the matter with the US authorities and refunding funds.

Another piece of good news regarding FTP comes from pokerstrategy dot com players’ forum where two thirds of registered German players have stated that they will gladly return to being active FTP players if the company services and regains its gaming license.