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Reply With QuoteWell it probably would be a different name for sure, and still don't think people will get their money back they had on the site. I had no clue about this at all but not really suprising.
LA Times reporter, Nathaniel Popper, is reporting that Full Tilt Poker has reached a deal to be sold off to a group of European investors for around $150 million dollars. This money would be used to both settle a DOJ lawsuit and pay players with pending withdrawals. Reportedly there are a few more hurdles to be cleared prior to a formal sale is in place and can be announced.
Whether this report is correct, or the Jack Binion rumor is, it appears FTP in its current state no longer exists. I would expect a wholesale cleaning of current management and a rebranding that would allow it to return to the US once poker is legitimized (obviously under a different name than FTP) because its software and patents still have a lot of value.
What do you guys think about this rumored sale to European investors?
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Well it probably would be a different name for sure, and still don't think people will get their money back they had on the site. I had no clue about this at all but not really suprising.
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