Posts Tagged ‘Full-Tilt’

April 20, 2012

Wider World of Poker

Poker Parties, Holdem with Holden, Manila Millions, Euro Manifesto, and a new Full Tilt Hearing.

This week I’ve been living under a fluorescent cloud of disease. My ragged immune system fights off the invading malady with slow, but inevitable success, yet despite my ailing health the poker world has rudely continued to turn. I’ve done everything I can to ensure that this news isn’t infectious, but you might want to wash your hands after reading.

Party Poker Premier League Crowns Seiver

An elite gaggle of poker’s most elite players gathered to play in the elite Party Poker Premier League V. An elite tournament featuring an elite $1.6 million prize pool and a $500,000 elite first place prize. The winner was avuncular American Scott Seiver, who bested a final table including Tom Dwan, Sam Trickett, and Patrik Antonius.

After busting out in 7th, record breaking endurance crazy-man Phil Laak hot-footed it over to the Big Game – a 48 hour cash table also organized by those rascals at Party Poker. The Unabomber maintained his reputation for extreme stamina by emerging as the game’s biggest winner with a profit of €160,000. [Poker News]

Sam Holden Existentialism

Just like the rest of you, I’ve spent many sleepless nights wondering what it must be like to be Irish November Niner Sam Holden. Well you need wonder no more. A documentary entitled ‘Being Sam Holden’ is due to air May 2nd in the UK and Ireland, with screenings in the rest of the world scheduled for later in the year. It follows Sam’s trials and tribulations at last year’s World Series where he finished 9th for over $700k. [IFTN]

Manila Millions

Right now in the Philippines, a group of players are battling for the Manila Millions title. A HKD$1,000,000 ($129,000) tournament organized by the Asian Poker Tour. Supposedly among the locals are the likes of Phil Ivey, Tom Dwan, Johnny Chan, and Sam Trickett.

If you’re lucky, you could catch a glimpse of these pros on the “live stream” airing right now. The feed currently features a group of asian men sitting around a table, with an asian lady commentating in a language I don’t understand. People who’ve been watching it longer than me insist that it’s repeated itself at least once, calling the whole ‘live’ thing into question. I can tell you that they are definitely playing poker, but that’s about as far as I’m willing to go. [WPT Mag]

Stars Beat Table Ratings in Poker Battle

The war against datamining took a big swing in favour of PokerStars this week as they successfully forced tracking site Poker Table Ratings to remove all information scraped from their poker client. For years, players had used PTR to gain information on potential opponents by accessing graphs formed from thousands upon thousands of hands. However, after receiving a cease and desist letter from Stars, PTR have been forced to eradicate a huge chunk of their service. [Part Time Poker]

EGBA Publish EU Manifesto

The European Union is a confusing beast at the best of times. Sometimes a united whole, but more often a loose alliance of countries with wildly conflicting agendas. The approach taken by various EU states to online gambling is an excellent example of the varying philosophies present across the continent. After months of consultation and debate, the European Commission will release an online gaming ‘communication and action plan’ this summer. A trade group for European operators – the European Gaming and Betting Association – have weighed in with their own manifesto, which they no doubt hope will influence the EC’s final decision. [InterGame Online]

AGCC Full Tilt Hearing Scheduledalderney map

The Alderney Gambling Control Commission have announced their plans to hold a public hearing into Full Tilt’s application for a new license. Excuse me if I don’t get overly excited about this one, but the last time I turned up for a public AGCC hearing on an FTP license, I spent a day sitting in a hotel lobby while teams of lawyers debated behind closed doors. Odds are pretty low on Full Tilt’s council once again attempting to argue for a session that takes place ‘in camera’. [Poker News Report]

Posted by at 8:54 am

April 16, 2012

Flashbacks, Memories, and Lessons Learned

Black Friday anniversary link dump

Yesterday marked the anniversary of online poker’s Black Friday. Anyone who ever clicked a raise button remembers the fateful day, and many are reminiscing about how their world changed on April 15, 2011.

Here’s a best-of list of links, tweets and general brooding from over the weekend:

The cold anniversary was, of course, trending on Twitter Twitter hashtag #BlackFriday … From Ben Lamb wondering if anyone would tweet about it to Dan Fleyshman posting this sad picture http://instagr.am/p/JcjU9BJT1C/

The legal landscape

Reminding people they really do represent the players (especially since Black Friday) the PPA urged them to continue to contact their political representatives. http://www.lvrj.com/business/poker-lobbying-group-marks-black-friday-anniversary-147424325.html

As legislators grapple with the future of online poker, Nevada officials want to host the first legal sites. http://www.cardplayer.com/poker-news/13127-black-friday-the-day-that-changed-online-poker

Poker affiliates reflected on lessons learned since being forced to admit that the whims of authorities are a legitimate risk for anyone doing business in a legally gray world. http://www.casinoaffiliateprograms.com/blog/black-friday-lessons-learned/

On the casino side, Frank Fahrenkopf, president and CEO of the American Gaming Association, pushed for amendments to the Wire Act and the Unlawful Internet Gambling Enforcement Act (UIGEA) that would “unambiguously eliminate illegal Internet gambling.” http://www.americangaming.org/newsroom/press-releases/statement-on-the-anniversary-of-black-friday

And FairPlay USA has Greg Raymer reminding you to sign their petition while former FBI Director Louis Freeh cites the anniversary of Black Friday as a call for federal action and continue the fine worl of the DOJ. http://fairplayusa.com/blog/fairplayusa%E2%80%99s-judge-louis-freeh-statement-black-friday-anniversary

Meanwhile, lawyers of all stripes took note, with a new class-action lawsuit filed against Full Tilt filed just before any anniversary parties. 
http://www.courthousenews.com/2012/04/13/45602.htm

Thanks for the memories, DOJ

QuadJacks.com did a special anniversary live podcast, which included “original Black Friday audio.” Ah, the memories.
http://quadjacks.com/poker-radio/

Short-stacked Shamus gives a thorough write-up of the drama to that would befall so many in different ways. http://betting.betfair.com/poker/poker-news/black-friday-one-year-later-130412.html

The folks at Poker News compiled tweets from the dreadful day, including Doyle Brunson’s best tweet: “Now maybe we will see if these online ‘superstars’ can play real poker. Ante up suckers!”  http://www.pokernews.com/news/2012/04/black-friday-chronicles-twitter-reactions-12451.htm

Wicked Chops Insider talked with poker industry leaders about where they were when they heard the news for an oral history of that fateful day (worthy of free distribution). http://insider.wickedchopspoker.com/543/an-oral-history-of-black-friday/

Many pros, like Shane Schleger here, had to share their thoughts and perspective from a day they won’t forget. http://shaniaconline.blogspot.com/2012/04/black-friday-one-year-later.html

Like a moment frozen in time, here’s the original 2+2 Black Friday thread, which received more than 6,000 replies in the first 3 days: http://forumserver.twoplustwo.com/29/news-views-gossip/reuters-full-tilt-poker-pokerstars-absolute-poker-charged-illegal-gambling-1020606/#post26050483

The guys at pokerfuse.com produced a bomb-ass timeline, tracking all the major events since that dark day, including their own birth. http://pokerfuse.com/features/in-depth/one-month-black-friday-timeline/

Michael Gentile, a former online pro, interviewed Poker Players Alliance board member Patrick Fleming to (re)assess the online poker legal landscape in the US. http://pokerfuse.com/features/in-depth/us-legal-landscape-one-year-after-black-friday/

Here’s another sharp timeline at PokerStrategy.com. http://www.pokerstrategy.com/news/world-of-poker/One-Year-Since-Black-Friday:-The-Complete-Timeline_58551/

And another by-the-minute timeline at PokerNews.com. http://www.pokernews.com/news/2012/04/the-black-friday-timeline-one-year-without-online-poker-12445.htm

Poker still has a future

A bunch of pros, like Matt Waxman, told PokerStrategy.com that this year’s WSOP Main Event should hold steady. “It’s like so prestigious and like world renowned, you know, so everybody’s gonna just make it out cause this is the one tournament that like if you’re the guy who plays the nightly home game for 100 bucks, you’re gonna splurge your 10k just so you can play in the main event,” he said. Like riiiight. http://www.pokerstrategy.com/news/world-of-poker/Daily-Rewind-Black-Friday-Anniversary,-New-Gambling-Film,-WSOP-2012-Thoughts_58570/

CalvinAyre.com looked at the companies “making noise” about bringing online poker back to the United States. http://calvinayre.com/2012/04/15/poker/how-to-make-it-in-america/

QuadJacks put out a new music video by Sonny Caine and Dennis Rybaczewski (DRybes) to inspire a little hope for the future.

And our own Dan Michalski summarizes it all as simply a “big, industry changing day” in All In – The Poker Movie, which is available April 24, 2012, on iTunes. http://mashable.com/2012/04/13/online-poker-black-friday/

Posted by at 5:35 am

April 10, 2012

Wider World of Poker

Jobs at Full Tilt, Isildur's Winnings, Nordica Dies, LIVE in Ireland, and Russian Politics.

I hope you all had a wonderful Easter weekend. Whether or not you believe in the divinity of Nazareth’s most famous failed carpenter, there’s nothing like a holiday. For other people, that is. While everyone else was outside enjoying the sunshine I remained chained to my laptop, rearranging this jumble of letters until they coalesced into a streamlined summary of last week’s worldwide poker news.

Jobs Posted at Full Tilt Poker

Brace yourselves, everyone. Full Tilt Poker is poised to re-emerge from the ashes like a suspiciously French-looking phoenix. Parent company Pocket Kings are advertising for a handful of new jobs, suggesting that the tarnished online poker site is preparing for a re-launch. At the very least, they must have acquired the money to pay these new employees. Here’s hoping that their budget stretches to refunding jilted players. [Bill Rini]

Isildur Defeats His Nemesis for $1 million

Ever since Viktor Blom began taking on all comers in his SuperStar Showdowns, no one has put up more stubborn resistance than Isaac Haxton. The American had won both of their previous heads-up encounters, so for their third battle the duo decided to add a little extra spice. Both would buy in for $500,000 and nobody would be allowed to leave until one player held all the money. After three days and over 5,000 hands, it was the maniacal Swede who took home the prize. [Poker News]

Russian Gambler Turns to Politics

This is quite a peculiar one, made all the stranger by the language barrier. Online poker player Max Katz has been elected to a position on the municipal council of his hometown. He reportedly funded his campaign with money made from online poker. Katz has yet to record any major live scores and seems to be known as much for staking as for any online prowess. There’s also the small matter of him allegedly providing “ghosting” services to fellow players that spawned one of the many pocket controversies on 2+2. [Telegraph]

Poker Nordica is No More

Poker sites come and go, but it’s never a happy occurrence. The latest to bow out is Poker Nordica, a solid member of the Merge network. Players began receiving messages on March 30th announcing the imminent closure of the site and, in the wake of Full Tilt, will have be worried about getting their money back. Nordica are paying out only in cheques, which means that withdrawals under $100 cannot be processed. You can, however, move your money to one of the many other Merge Network sites. Any cash left floating around in Nordica’s coffers after May 1st will be lost forever [Poker News Daily]

Successful Start for iSeriesLIVE

After a well-hyped build up, the iSeriesLIVE finally made its debut on Thursday night. For the uninformed, it was a live-streamed single table tournament with visible hole-cards, which allowed players to bet on the action as it played out. I watched the whole show and thought it went down pretty well. It’s impossible to say exactly how profitable it was from a business perspective, but a mix of noisy old-guard and interesting new-players made for an entertaining spectator sport. The eventual victor was James Dempsey, who already has WSOP and WPT titles to his name. [Poker News]

Irish Open Pays Out to Belgium

The iSeries took place in Dublin, which just so happened to be the venue for the 2012 Irish Open. As host to one of the oldest series in the world, Ireland has a good track record of attracting the poker establishment. Also there’s lots of Guinness, which helps. The main event was won by Beligian pro Kevin Vandersmissen, who pulled the old ‘chip and a chair’ routine at the final table. [Poker News Report]

With that, I’m off to drown myself in the huge piles of chocolate which have mysteriously appeared in my apartment. A significantly heavier version of me will be back next week with another Wider World of Poker.

Posted by at 7:10 am

March 16, 2012

Wider World of Poker

Spain and Bulgaria get legal, Italians play, Haxton triumphs, Partouche expands, and Full Tilt negotiate.

Isn’t the media weird? This week, my Prime Minister was left to wander the United States being posh. Luckily Barack caught up with him before he ensnared any commoners and the pair seem to have had a jolly old time. Most notably, watching basketball games while manoeuvring disturbingly yellow hot dogs into their faces.

In fact, the trip has been so void of substance that the BBC ran a report detailing how the U.S. press have had nothing to report. I expect the New York Times to respond with an even more self-reflexive story about the BBC and so on, until every media outlet only runs articles that detail what other outlets are not saying about what isn’t going on. Don’t fret, however. This faithful journalist will stick purely to the finest cuts of poker news, as this opening paragraph surely indicates.

Full Tilt and Tapie To Tie Up Tryst?

The rumour mill informs us that Full Tilt and Group Bernard Tapie have nearly finished thrashing out a deal to relaunch the tarnished site. We’ve experienced plenty of false dawns before, so don’t get out your party hats just yet. That said, Gaming Intelligence are reporting a deadline of today (March 16th) is in place, so we should know pretty soon whether or not to start laying out the celebratory buffet. [Part Time Poker]

Haxton Wins Again

The much anticipated rematch between Isaac Haxton and Viktor “Isildur1” Blom stumbled its way to completion earlier this week. As part of the PokerStars SuperStar Showdown the famously volatile Swede has been taking on, and beating, all comers. Haxton was one of the few to have bested him and proved the victor once again as they reunited. After 2500 hands, Isaac’s margin of victory was a slender $5,093. [Card Player]

Partouche Invasion

Typical! The Prime Minister leaves the country and the next thing you know, the French are invading our sovereign internet. Partouche – one of the big players in France’s insular gaming market – have got themselves a license from Malta and are planning to launch themselves on a handful of foreign countries, including the UK. Online sportsbook France-Pari are also getting in on the act. [Gambling Kingz]

Bulgaria & Online Gambling’s Love/Hate Relationship

Regulated online gambling is on its way to Bulgaria, with the local government hammering out the details of the country’s first Gambling Bill. Great news for Martenitsa-wearing poker players everywhere. However, the Bulgarian government clearly believe in maintaining a cosmic equilibrium, having first introduced legislation requiring ISPs to block all unlicensed sites. Given that it is not yet possible to acquire licenses, that black list would include just about everyone. [Novinite]

Spain Deny Early Licences

While we’re talking about licenses that don’t exist, let’s hop over to the other side of Europe for some tapas. With regulated online gambling almost upon the Spanish, there are rumours that some companies have had their license applications secretly pre-approved. Gaming regulator Enrique Alejo denies it. “Good progress had been made,” he told a journalist, before adding “oh look, a Spanish Imperial Eagle,” while stuffing large quantities of paper into a briefcase*. [Poker Fuse]

Italy a Hotbed of Euro-Poker 

If you’re looking for lots of online poker games in Europe, your best bet is to seek out the country shaped most like a piece of footwear. No other nation on the continent draws in as much cash from online poker, although the practice still pails in comparison to the buzzing, flashing gaming machines that pepper non-digital Italy. [Market Watch]

*Some of that last sentence may not be 100% factually accurate.

Posted by at 5:59 am

March 9, 2012

Wider World of Poker

Worldwide money, Asian money, Full Tilt money, Isildur's money, ShuffleMaster's money, and the WSOPE

Money money money. It makes the world go round. Without it there would be no trees or air, all pigs would immediately expire, and tomatoes would turn blue. I think that’s right. Anyway, if you’re a fan of money, keep your eyes glued to this webpage because there’s a lot it floating about.

Worldwide Gambling Bonanza

Every click, stick, twist, and spin from last year has been totalled up and the results are in. The planet Earth generated $419 billion in gambling revenue, according to Global Betting and Gaming Consultants. Poker, in particular the online variety, makes up a very small component of that figure, but I don’t think it would be going out on a limb to suggest that the U.S. getting their regulatory act together might nudge it further up the list. [OnlinePoker.net]

UK Investors in for Full Tilt

After riding into the breach on a white stallion, Groupe Bernard Tapie appear to have stopped for a picnic. In case they decide to stay where they are and play Frisbee for a while, a UK private equity firm is poised to purchase Full Tilt’s old poker software. Please note, that means only the software and nothing else. They have no interest in reopening Full Tilt and are very unlikely to cover the site’s debts. That said, you would hope that the $35 million estimated price for the client would filter back into the pockets of jilted Full Tilt customers. I’m sure we can totally trust them, right? [Gaming Awards]

WSOPE 2012 Unveils Itself

I am still seething from when Caesars’ cruelly ripped the World Series of Poker Europe from my beloved London and gave it to the French, of all people. As difficult as it is to believe, the Gauls apparently did a good job last year. At any rate, the event is heading back to Cannes from September 21 to October 4 at the Casino Barrière de Cannes Croisette and the Hôtel Majestic Barrière. There will be seven bracelet events in total, including the €10,450 Main Event. [ESPN]

Haxton vs. Isildur

I think these SuperStar Showdown things are really good fun. For the most part, internet sensation Viktor “Isildur1” Blom has outmatched the gamut of famous grinders laid before him, but this weekend’s re-match features one of his few failures. Isaac Haxton, him of the stylish glasses and funny voice, will be sitting down to play four tables of $50/$100 NLHE this Sunday. [Card Player]

Shuffle Master Buys OnGame

Failed Transformer ShuffleMaster has decided to dip his toe into the world of online gambling by purchasing the vacant OnGame network. What? Oh, apparently Shuffle Master make card shuffling machines. Anyway, since forming their unholy union last year, bwin.party have been trying hard to offload their spare network. They’ve finally managed to shift it in a deal worth €19.5 million, plus an extra €10 million if online gambling is legalized in the U.S. within 5 years. [Poker News]

Keeping it Illegal in Asia

China is well on its way to becoming the world’s largest economy and even if gambling isn’t an explicit part of their financial system, it has built itself a huge underground following. Global Betting and Gaming Consultants estimate that illegal gambling in the country is worth $15bn to $18bn. [Intergame Online]

Meanwhile in Indonesia, gambling online means risking a lot more than your bankroll. Under the infamously harsh Sharia law, those caught wagering can be whipped up to 100 times. As if that wasn’t bad enough, Mafia bosses, accustomed to taking a big cut of all illicit gambling in the country, are putting pressure on online sites to shut down their operations. [Gaming Zion]

Phew, that was a big one. I’m going to lie down until next week.

Posted by at 8:03 am

October 11, 2011

PPA on Full Tilt-Tapie Deal, DOJ Reminder about Player Funds

Update from Rich Muny, VP of Player Relations

The big news last week, of course, was the signing of the acquisition agreement between Groupe Bernard Tapie and Full Tilt Poker. Player repayment is being promised by the parties involved. Here is a quote from a Washington Post article on the matter:

Full Tilt said the agreement includes a plan to repay balances of players worldwide who haven’t had access to their gambling funds since April.

Needless to say, it is my hope that we all get repaid in full as soon as possible. More specifically, it is my hope that the Justice Department will, once obtaining iron-clad guarantees of repayment from any party wishing to purchase Full Tilt Poker, work to fast-track settlement of all outstanding issues. As the DoJ has identified players as the victims in all of this, I expect they will welcome a settlement that addresses player restitution.

For more on this issue:




Posted by at 12:56 am

October 3, 2011

Where is the Collective Outrage?

When I looked at the numbers, I had to re-evaluate

tom schneider political humor

Tom Schneider


OP-ED

Ed. Note:  Shortly after Tom wrote this piece, the AGCC revealed that some $330 million had been seized pre-Black Friday. I sent an email asking if this changed the math, to which Tom replied, “That’s almost all that they owed to players, just short $60 million which is purportedly what they had in the bank.  Makes my case even stronger.”


Just yesterday, I heard the news that the Department of Justice accused Full Tilt Poker of running a Ponzi scheme.  A Ponzi scheme is defined as a pyramid investment swindle in which supposed profits are paid to early investors from money actually invested by later participants.

I object your honor.  Taking money I deposit and distributing it to owners is no Ponzi scheme.  But wait, let’s look at some facts/guesses.

Had our politicians not passed a law that restricted financial institutions from transferring money to and from poker sites, all players would still have their money. 

In reviewing the DOJ complaint and other sources, the following information jumped out at me:

Money owed to players  ($390 million)
Cash on Hand, Seized or Frozen Cash, Deposits not Received From Players
Money seized by US Government $115 million
Deposits not received from players* $180 million
Money frozen by banks $42 million
Money in Full Tilt bank accounts $60 million
$397 million
Shortfall to pay account holders None/Zip/No Shortfall

More…

Posted by at 8:00 am

September 20, 2011

DOJ Adds Lederer, Ferguson, Furst to Online Poker Civil Complaint

Feds call FTP a ponzi scheme, may or may not be listening to QuadJacks

So much to say on this latest development … which has two former “heroes” of poker on the front page of CNN for their involvement with criminal activity. About to go on QuadJacks to discuss it live.

full tilt doj chris ferguson howard lederer cnn

In the meantime, and while you’re listening, here’s the DOJ press release that calls Full Tilt Poker a $440 million Ponzi scheme.

And here’s the actual crime novel of the DOJ-SDNY’s proposed amendment to the complaint.

And read below for a statement from the PPA, calling on the DOJ not to forget about the players as they continue to shut it all down.

More…

Posted by at 5:05 pm

September 3, 2011

LOL: Poker-ishy Domain Name Expiring

A lot of you know the addictive nature of buying web domains. It’s a phase young web-maestros go through when we realize, heck, it’s just $8 … but then, after buying several dozen we realize, shit, unless we wanna get in on Dutch Boyd’s action, there’s not exactly much value in squatting on web domains with no plan for development. Then we go a year forgetting to click off the auto-renew before eventually we say “enough!” and decide to take our chance on life without possession of yet another (incredibly clever) URL.

godaddy domain renewal
GoDaddy has been a strong supporter of poker and poker bloggers with not-so-inexpensive domain-buying habits for years.

So I’m lettin this one go — WSOPolitics.com — it’s expired and I’m not gonna renew. It was a brilliant idea ahead of its time Not sure what I was thinking, duh … so let the bidding war begin? In lieu of an option to “buy-it-now”, I’ll consider trading the web property for up to $50k on Full Tilt or the magic green dice on Zynga.

UPDATE: Ooh, pokerishy.com is available, too! Who wants it?

Posted by at 5:45 am

July 29, 2011

Missing Money & Missing the Point

Clearing up the issue of Full Tilt's 250k Alderney debt.

Since Tuesday’s Full Tilt hearing, a surprising amount of misinformation has been swilling around the internet. Surprising, because so few details emerged in the first place. After just 45 minutes, press and public were frogmarched from the building, leaving everyone to pore over a few snippets of legal jargon. Trawling through internet forums and Twitter feeds, I’ve noticed that people seem particularly confused about the £250,000 in unpaid licensing fees owed by Full Tilt.

[CORRECTION: oops, £250,000, as in British pounds ... not $250,000 as originally reported. £250k is roughly equal to US$400k.-dm]

Perhaps I shouldn’t be that shocked that those without direct access to the hearing have picked up misconceptions. The internet has an incredible ability to play Chinese Whispers with even the smallest morsel. Still, you’d expect someone sat a few rows behind me to have the right end of the stick.

Harry Demetriou is fast becoming a folk hero among disgruntled Full Tilt customers. When the Alderney Gambling Control Commission announced that proceedings were to continue in private, he rose to his feet and charged from the room, accusing the panel of protecting a “corrupt” organization. On Wednesday he posted an open letter to the Commission, in which he makes mention of the “250k licence fee that Full Tilt Poker have promised to pay you in the next seven days.”

This is wrong. I was in the room when this topic was raised, so I’ll do my best to clarify. Let’s run through the chain of events as they occurred.

After a long explanation of why he believed that a motion to adjourn should be held in private, Full Tilt lawyer Martin Heslop ceded the floor to a pair of AGCC lawyers. At this point, no mention had been made of the missing money. Speaking slowly into their microphones, Alderney’s legal team took a few moments to express ambivalence towards a private hearing. Just before handing back to the panel, they noted that there were two allegations to be made regarding the suspension of the license. In addition to problems related to Black Friday, there was the small point of a missing $250,000 licensing fee.

The commission were ready to move on, before Heslop interjected, asking if he could make a response. Stoic chairwoman Isabel Picornell leant over to her legal advisor, who responded with a quick nod of approval. In his rebuttal, Heslop offered to explain why the $250,000 had not been paid. He claimed that Full Tilt knew their license was approaching suspension and therefore decided it would be foolish to fork over the cash.

This is the point at which Harry diverges from reality. Heslop closed by adding that Full Tilt would be happy to pay the quarter of a million within seven days, should the license be reinstated. There was no offer to pay in the next week regardless of whether or not Full Tilt were back in business. If they return to Alderney they will need new investment. Demetriou need not be worried that the AGCC are, “going to cause an even greater shortfall in the funds needing to be paid back to the players.”

Some have interpreted the offer as a bribe. A large cash incentive to get the AGCC to arbitrate in their favour. I can’t totally rule this out, but it seems pretty unlikely. Full Tilt’s non-payment is part of why their license was suspended in the first place. There’s no way Full Tilt can ask to be let back into town, but then refuse to pay the upkeep. The AGCC know this. It’s their rule. It would be like trying to bribe the government by offering to pay your taxes.

Rage against Full Tilt to your heart’s content, but don’t expect to get any facts if you don’t have any to start with.

Posted by at 6:32 am

July 27, 2011

Waiting for Bitar

Alderney hearing: a tragicomedy in two acts?

howard lederer ray bitar alderney

NO PLAYING AROUND, but who then is toying with whom?

LONDON — Those hoping for a definitive answer on the future of Full Tilt and their funds will have to wait a little longer. After a full day of packed public hearing and nearly six hours of private deliberations at the Victoria Plaza Hotel, the Alderney Gambling Control Commission granted Full Tilt’s application to have the hearing adjourned. The AGCC says it will reconvene replacement proceedings no later than September 15th.

Panel chairwoman Isabel Picornell said the commission were convinced that a delay was “in the best interests of FTP customers” — primarily because Full Tilt could use that extra time to complete any investment deal. The AGCC understand, she continued, that exposing commercially sensitive information rides roughshod over hopes of a bailout that refunds players.

More…

Posted by at 4:28 am

July 1, 2011

Ivey’s White Knight Deal Almost Done + Full Tilt Poker

Wicked Chops Podcast

We recorded our first Wicked Chops Podcast yesterday with some friends from across the pond–Ben Fried, who launched Betfair’s poker room–and Kim Lund, who did the same for Poker Room. While some of the content is already dated (a lot of it is speculation about Tilt’s future in light of the AGCC license revocation), still some interesting European perspective on the Tilt situation and their international market perception.

Listen, and read more here.

Posted by at 8:51 am

June 29, 2011

Alderney Suspends Full Tilt’s Gaming License

Beleaguered online poker site down for good?

The Alderney Gambling Control Commission has suspended the gaming license of Full Tilt Poker and Vantage Limited dba FullTilt.com. The AGCC says they must stop any and all operations from the UK Crown Dependency immediately.

Is this a final nail in the coffin for the once almighty poker dominion belonging primarily to a man named Jesus?

EGR had it first, and promises more play-by-play.

Alderney is one of three eight “white-listed” regulatory jurisdictions in the UK — along with Isle of Man and Gibraltar — meaning their licensees can advertise freely and enjoy the benefits of fully legitimate, properly taxed corporations.

full tilt maintenance

Alderney also partnered with Nevada back in January — as the Nevada Gaming Control Board looked to study effective online gaming regulation and assess the suitability of 888, which partnered with Caesars for online poker operations related to WSOP.com.

No word on whether or not the WSOP plans to remove Chris Ferguson’s main event championship banner as they have with Russ Hamilton’s.

For now Full Tilt is apparently down for “scheduled maintenance” … and your money is safe and secure?

UPDATE: Here is the AGCC’s official statement.

Posted by at 5:05 am

June 27, 2011

The Nosebleeds?

It’s not The Micros, and I still think the guys at Quadjacks are a little off with their anti-Full Tilt fury … but still, their new video comic has potential for recurring humor with the occasional splash of satire … and years from now will probably be a reminder of the uncertain poker times we’re currently living in. (But hey, at least we can laugh at how stupid we all were … not to mention the clothes lol!)

Episode 1 here … we’ll see where they are by episode 5. They being the Quadjacks creators and/or Team Full Tilt. Meanwhile, still looking forward for sure in a different way for the next episode of The Micros …

Posted by at 1:23 pm

June 21, 2011

Joe Barton headed to Vegas with new online poker bill in tow

WSOPolitics: What's gonna be different this time?

photo by James Berglie

Joe Barton’s online poker: “And then he three-bet me on the turn with — get this — jack-high! How sick is that?”

US Rep. Joe Barton (R-TX) will be in Las Vegas for Friday’s shuffle-up-and-deal … and possibly to unveil his new online poker (only) bill.

The Texas Republican has taken the baton from Barney Frank (D-MA), by way of John Campbell (R-CA), to lead the charge for licensed and regulated online poker in the House, with a new bill his office says he plans to “drop” either Friday or closer to the July 4th weekend.

It’s still probably too early to make decent predictions, prognostication, and prop bets — haven’t even seen a draft yet — but the forces lining up this go-round are indeed different than before.

This time we’re talking about an online poker-only bill, with a different committee path, and a conservative Republican — perhaps looking to put a bipartisan feather in his cap before the ’12 elections — charged with rallying support on his side of the aisle.

More…

Posted by at 2:17 pm