Full Tilt Poker Issues Exclusive Statement Regarding Investors

August 22, 2011 Chad Holloway

For well over a month, poker fans have heard rumors that a group of European investors had expressed interest in acquiring Full Tilt Poker. These rumors suggested the possibility that players may actually see refunds; however, enthusiasm dwindled as news regarding a possible takeover grew stagnant.

A press release issued exclusively to PokerNews by Full Tilt Poker indicated that the company is now seeking other possible investors. Here is the press release we received Monday, Aug. 22, 2011:

Dublin, Ireland (August 22, 2011) - On August 16, Irish based Pocket Kings Ltd., brand executor for the Full Tilt Poker moniker, concluded the exclusivity period of negotiations with their current potential investor.

While Pocket Kings Ltd. plans to continue discussions with its current investor, the company has now begun negotiations with additional potential investors to conclude the sale/partnership of the Full Tilt Poker brand and its assets.

Full Tilt Poker apologizes for its lack of communication with its customers over the last month and a half, but it has been grappling with unexpected and complex legal and financial issues arising from Black Friday and its aftermath. In addition, the company has had to be circumspect about disclosing the progress of negotiations with potential investors because there is often a requirement of strict confidentiality.

To the extent that it can do so without jeopardizing future opportunities, Full Tilt Poker will strive to have better communication with its customers going forward. Full Tilt Poker's number one priority remains the same: to secure an infusion of capital to repay all of its worldwide customers.

To keep on top of the Full Tilt situation and everything else poker, be sure to follow us on Twitter and like us on Facebook.