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  1. #1
    The Buzz's Avatar
    The Buzz is offline GPWA Gossip Hound
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    Default Full Tilt attorney fields questions on 2+2

    A lawyer hired by retained by Full Tilt Poker CEO Ray Bitar answered questions posed by posters on the 2+2 forums over the weekend. Although what he could say was limited due to Full Tilt's legal issues, he was able to shed some insight on some of the main concerns from players.

    From Poker News Daily:

    One of the biggest questions people had was the relationship between the search for an investor (read: savior) for the company and the eventual return of player deposits. There has been much talk in the poker community about rumored deals that have fallen through and people fear that Full Tilt Poker (FTP) may have actually rejected a possible deal with an investor that would have allowed it to pay players back. Ifrah denied that this was the case, saying, “Since FTP started the process of speaking with outside investors that [paying players back] has been their entire focus 24/7. They have made crystal clear to every investor that the US players and European players must be paid.”

    Note: He later corrected himself, substituting, “European players” with “the rest of the world.”

    In response to someone who asked whether it would be possible for Full Tilt to ever return all player funds without an investor, Ifrah said, “…it will be very difficult for the company to meet all obligations without the help of an investor.”

  2. #2
    GFPC is offline Private Member
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    I kind of get the feeling FTP is still over valuing their business which could be why its not a done deal yet. I can see how investors want to low ball on price and that huge debt they have is a real issue right now. I do hope players get their money back - but hopefully when and if FTP comes back Ray Bitar takes a hike.


  3. #3
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    Steve Miller said it best in a song... "Take the money and run". Stars made right with the US players, Tilt chose to jack us all of OUR money.
    --
    "People who are unable to motivate themselves must be content with mediocrity." ~Andrew Carnegie~

  4. #4
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    Quote Originally Posted by The Buzz View Post
    A lawyer hired by retained by Full Tilt Poker CEO Ray Bitar answered questions posed by posters on the 2+2 forums over the weekend. Although what he could say was limited due to Full Tilt's legal issues, he was able to shed some insight on some of the main concerns from players.

    From Poker News Daily:

    You got a link to that forum on 2 + 2?

    ____
    ____

  5. #5
    baldidiot is online now Private Member
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    onlinegamblingwebsites.com - Formally known as goodbonusguide.
    baldidiot.net - Baldys affiliate blog. Will get updated one day. Maybe.

  6. The Following User Says Thank You to baldidiot For This Useful Post:

    TheGamblingGuru (5 September 2011)

  7. #6
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    universal4 is online now Forum Administrator
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    Hopefully buzzy can post again the next few days and give us a breakdown of any major points of the discussions etc...

    Rick
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  8. #7
    baldidiot is online now Private Member
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    I stopped reading when the pages went into triple digits...
    onlinegamblingwebsites.com - Formally known as goodbonusguide.
    baldidiot.net - Baldys affiliate blog. Will get updated one day. Maybe.

  9. #8
    Caruso is offline Public Member
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    KelleyBlum2011 = spam alert, mods.

  10. #9
    Anthony's Avatar
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    Quote Originally Posted by Caruso View Post
    KelleyBlum2011 = spam alert, mods.

    Thank you. Spammer has been banned.
    I am here to help if you have any issues with an affiliate program.
    Become involved in GPWA to truly make the association your own:
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  11. #10
    FictionNet is offline Closed by Request
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    I agree.


    Bye, Kelley

  12. #11
    david_tamworth is offline Public Member
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    I definitely agree! Could be interesting.

  13. #12
    BingoHouse is offline Public Member
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    Kudos to the attorney for putting himself out there on 2+2 I guess, but the damage has been done. When poker is legalized in the states, players will flock to Stars + new offerings from Harrah's, etc. and never give Tilt another shot.

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