Full Tilt Poker Money Back
Full Tilt launched in 2004 and rose quickly to become the most successful online poker site in the world. This came crashing down during 2011’s “Black Friday” event where over 82 million unpaid poker balances remained so until former rival PokerStars purchased the site. Launched in 2004, Full Tilt became one of the biggest and most successful online poker sites in history. The entire site came crashing to the ground in 2011, however, when the company was unable to pay back its players after the events of Black Friday. Six and a half years after Black Friday, Ray Bitar reappeared in the news this week. The title of the BBC article reporting the incident started with “Full Tilt Poker scam,” and the report went on to describe £9.5 million that was laundered by Bitar through the island of Guernsey and then returned to the United States. Similar Threads for: So. Will we ever get our Full Tilt money back? Texas Hold'em Poker: Thread: Replies: Last Post: Forum: I won back to back to back in poker room. 2: October 25th, 2019 9:33.
It’s been a long road; 489 days, to be precise. But today, Full Tilt Poker came back online and started dealing cards once again.
One week ahead of its full relaunch for real money, today Full Tilt went back online for the public to log in and play for play-money.
Players can now download the software from FullTiltPoker.com and can log back into their accounts. They can also see their account balances and FTP points, observe and play on play money tables, and create new accounts.
The lobby appears much the same. The most notable alterations are cosmetic changes to promote its new face of Full Tilt and new pro roster. But beneath the skin there are dozens of minor improvements and changes, according to Poker Room Manager Shyam Markus.
The sign-in procedure is the same as before, and players will be prompted to enter their security token number if they used one before. After being prompted to accept new terms and conditions, and the recommendation to change their password, players will be back to the FTP lobby just like before—but without any real-money tables.
All cashier functionality, including deposit and withdrawal, player-to-player transfer, the Full Tilt Store, and the new “Transfer to PokerStars” button, are disabled until November 6.
Full Tilt Poker Back
Players in regulated markets—Spain, France, Italy, Belgium, Denmark and Estonia—will not be able to play on Full Tilt. They can still download the software and play the play-money tables, but when logging in receive a warning that real-money games are not available.
For these countries, PokerStars is working with regulators to return this money by November 6 by a process of pairing PokerStars and Full Tilt accounts, so FTP funds will be transferred to PokerStars. The company is still working with regulators in Italy, “to determine the appropriate process to ensure compliance with local regulations,” according to a press release from last month.
Players in the US are instructed to go to FullTiltPoker.net, the play money site, although this will not be available until November 6. US players still await the department of justice to announce the payment processor that will facilitate repayment. PokerStars is not responsible for the repayment of US players.
In announcing the launch, Shyam Markus stated that the early open is “more of a beta test than anything,” and requested players give play-money a try to test the servers and system before the real-money launch.
A group of poker players owe Full Tilt Poker about $18 million collectively, a person familiar with the situation told Card Player.
Earlier on Thursday, PokerStrategy.com reported that Behnam Dayanim, an attorney for the French investment group seeking to purchase the company, said that money owed from Phil Ivey, Layne Flack, David Benyamine, Erick Lindgren, Barry Greenstein, Mike Matusow and others could create “a serious obstacle to completion of the deal.”
Dayanim added: “This isn’t the only issue with the takeover, and the deal won’t end on any one issue — but this is a substantial item.”
According to Card Player’s source, Ivey and Lindgren both owe $4 million to the site, while Benyamine and Flack owe $2 million apiece. Matusow and Greenstein owe less.
Both Benyamine and Flack have been in debt to the site since 2007, according to the source.
Card Player was told that the debts amounting to about $18 million are on the books, and that Groupe Bernard Tapie has known about it for months.
The source said that legal action from Groupe Bernard Tapie could be effective, and that the players could be put on payment plans if Full Tilt’s sale is finalized.
Groupe Bernard Tapie is seeking to buy Full Tilt for $80 million as part of its agreement with the Department of Justice.
Retrieving money from some of the players will be “exceedingly difficult,” the source said.
The money lent to players was in the form of tournament buy-ins, and most likely direct transfers to their Full Tilt accounts for cash game play, according to the source.
Card Player reached out to Lindgren and Matusow, but was unsuccessful. Greenstein posted a response on Two Plus Two.
In his response, Greenstein admitted to borrowing $400,000 to “play on Full Tilt a few years ago, before PokerStars had high stakes games.” Greenstein is a PokerStars sponsored pro.
Greenstein said he was contacted by Groupe Bernard Tapie about repayment, but he has concerns about if the money would go toward paying back U.S. players who are owed a combined $150 million.
Groupe Bernard Tapie’s deal with the DOJ would reportedly facilitate paying back non-U.S. players, but would leave the alleged American victims to deal with the government for compensation.
Full Tilt Poker Scam Money Back
Card Player contacted the DOJ on Wednesday, but it declined to expound on its statement in late September. The DOJ called victim compensation “possible.”