);
Full Tilt Poker Looking for Investors; We’ll See if Anyone Bites

Those of you who read this weekly posting KNOW that I hate regurgitating press releases because they are just pap…pablum, hack stuff.

But every once in a while something interesting flashes across my screen that I think you might be interested in.

So here goes. Take it with a grain of salt. Remember…press releases are P.R. for the person putting out the release. They aren’t necessarily all TRUE. Or, at least totally true. OK?

The release says:

Canadian-poker.ca reports that Full Tilt Poker, the online poker room notoriously shut down in America and worldwide, has taken its first step toward repaying players by finally paying off a $250,000 debt to its licensors.

The source for this money is unknown, though Canadian-poker.ca spokesman Leon Daniels predicts that it may mean potential investors in Full Tilt, including 888 Poker, Bwin.Party and Playtech, could be closer than ever to reaching a deal.

“With Full Tilt Poker’s finances finally looking better, it doesn’t mean the site will be back online soon, and we at Canadian-poker.ca will continue to recommend our players choose 888 Poker as the preferred online poker room.”

“I’ve mentioned before why companies like 888 would be interested in purchasing Full Tilt Poker. 888 has one of the biggest online poker rooms in the world, and they lost many players to the illegally operated Full Tilt. Now that Full Tilt is no longer active in the Canadian market, it makes sense that 888, a stable and reliable company, would take the opportunity to win back players in Canada, even if it means having to take responsibility for Full Tilt’s infamous debts.

‘this shows just how stable 888 is. It is yet to be confirmed if 888 will invest in Full Tilt, but I certainly hope so.”

”I don’t believe PokerStars, formerly a huge presence in the online poker world, is a potential investor. Black Friday and subsequent investigations seem to have PokerStars’ hands full at the moment,” Daniels explained. ”While they’re faring better than Full Tilt by far, they still have to deal with the authorities,” he said.

Daniels continued to say that Party Poker, another potential Full Tilt investor, is also in the same league in terms of appealing to Canadian online poker players. “However,” he said, “Party Poker, who recently merged with Bwin Poker, already has a substantial share of the Canadian market, so it might be of less interest to them.”

Daniels added, “With Full Tilt Poker’s finances finally looking better, it doesn’t mean the site will be back online soon, and we at Canadian-poker.ca will continue to recommend our players choose 888 Poker as the preferred online poker room.”

OK. That’s it.

My reading: They are fishing for investors. Mentioning a lot of names.

Whether anything at all will come of this is worth watching.

Stay tuned.

Hey, I hope the biz comes back online and pays back what it owes.

And I also hope the U.S. legalizes online gambling.

Don’t you?

Leave a Reply

Your email address will not be published. Required fields are marked *