What Happened To Full Tilt Poker Owners
PokerStars had been in talks with Wynn Resorts to join forces, while Full Tilt Poker had been negotiating their own online-land-based poker partnership with Fertitta Interactive (owners of Station Casinos). Should this have happened, 2 mega-companies would have emerged, even further distancing themselves from any other industry competition. Full Tilt Poker is the second largest site in the industry and, according to PokerScout.com, hosts a seven-day running average of 15,800 real money ring game players. Full Tilt Poker did return to the market in 2013, however quickly changed their branding to remove “Poker” from the name – PokerStars decided to have that brand focus more on sports betting and casino games while blending their poker database with the original Stars group.
In the early 2000s, online poker became the hottest thing on the internet. Sites like Paradise Poker and Planet Poker led the way, but it was Party Poker and PokerStars that really blew the doors right off and made the game a household name.
However, as important as these were, the fact that amateur players could face off against the best in the world made poker unique. Imagine walking onto a golf course and playing against Tiger Woods in a PGA event.
Impossible. In poker, your money is just as good as that of the pros, so it is a true equalizing sport; anyone can sit down and put their cash up against the best in the world.
A few poker pros started wearing the logos of online sites – Phil Hellmuth and Annie Duke being the most prominent. In early 2003, a day trader by the name of Ray Bitar decided that there was still room for more competition in the space (there was), and he started putting together the plans for a site with poker professional Chris Ferguson, the 2000 World Series of Poker Champion.
Party Poker already had a global brand and market dominance due to its early entry into the space. PokerStars had Chris Moneymaker and the angle that any amateur could play on their site and become the next World Champion.
The two decided that their angle would be to use Ferguson’s contacts in the poker world to not only drum up investment, but also to create the face of the site.
In short order, a series of founders were in place, allegedly including an array of the who’s who of poker: Howard Lederer, Phil Ivey, Andy Bloch, Jennifer Harmon, and John Juanda to name only a few.
With this crew of well-known players and a new TV audience that was seeing them on their screens with regularity, Full Tilt Poker was launched in early 2004.
The launch was by no means soft; the company spent a significant amount of money plastering TV poker programs with their logos and sponsoring a long list of poker players to wear their clothing while in and out of the poker room. This aggression would be a key factor in the future of this business.
Updated Full Tilt news: Full Tilt License suspended and Full Tilt to be sold.
The ‘Full Tilt Poker’ shutdown of the online poker games for US players has been ordered by the Federal Bureau of Investigation on 15th April 2011, on account of the charges laid against the company for offenses committed in the shape of illegal gambling, money laundering and bank fraud. A point to be noted is that the ‘Full Tilt Poker’ shutdown is only applicable to the residents of the United States. All other players, worldwide, can access this online poker game website and play normally and legally. Despite the shutdown that has been announced, it is still one of the most popular and best online poker sites.
The decision on ‘Full Tilt Poker’ shutdown has affected all players who visit the poker games online in the United States as they cannot access this website. The players in the United States are now forbidden from real money playing at ‘Full Tilt Poker’. The players outside the United States of America are, however, able to access this site online and enter to play.
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‘Full Tilt Poker’ is shutdown because it has faced charges of money laundering and bank fraud about three weeks back. Action has still not been taken against the management of the company as they are now based outside the United States of America. The company had shifted base from Los Angeles to Dublin in Ireland when the Unlawful Internet Gambling Enforcement Act was introduced in the United States in 2006.
The management, however, of ‘Full Tilt Poker’ has replied to its customers in wake of this charges and the shutdown that they are very much legal and have not done anything as charged and that they have full confidence that they will be exonerated. The management seemed not shaken by this turn of events and declared to the press that despite some accounts being frozen, they wanted to satisfy their customers by assuring them that the money of the players will be remaining secured and that the proposals for withdrawing and depositing will be attended to normally. They assured all the players in the United States that the process is available to them to access. They also announced that the business would be normal outside the United States and that they remained dedicated to the safety and security of the players and their money and that they will endeavour to keep providing safe poker online on a global basis.
The ‘Full Tilt Poker’ shutdown has created a furore and ripples in the online poker game world. The government has not released much news on this subject since the shutdown about three weeks back. Countless gamblers online are hoping and waiting with bated breath on how and when to get back their deposits. No one knows how much time it will take for ‘Full Tilt Poker’ website to be cleared.
The question that many people are asking is why all the online poker sites were not shut down by the government. To understand this, we have to know that the law in the United States on online gambling states that money cannot be transferred from a United States bank to an online casino account and the reverse also applies. Some online poker companies are taking direct deposit from all except the residents of the United States and they are abiding by the book. If it is proved that ‘Full Tilt Poker’ has taken direct deposits from people within the United States, then they will be accused and convicted of the charges laid against them.
This turn of events suggests that the ‘Full Tilt Poker’ shutdown, which may have been sparked and pointed at by several land based casinos, may be the initial step towards a complete legalization of online poker in the United States.
What Happened To Full Tilt Poker Owners 2019
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In conclusion Full Tilt poker is still a legal and one of the most popular poker sites in the world for non-US players. Read our review and enter the Full Tilt Poker Referral Code when depositing.