Following the closure of Full Tilt Poker´s online operations, other online poker sites have been quick to release statements about the integrity of their player´s funds and ongoing adherence to gaming regulations.
Titan Poker were first out of the blocks to release a statement, saying “Online poker lost one of its major players today, and has left both poker affiliates and poker players questioning the future of our industry.
As the exclusive promoters of Europe’s leading, legally-operated online poker rooms, Euro Partners (marketing name for Titan Poker) is confident that the online poker industry as a whole, and our poker affiliate partners in particular, will continue to flourish. To help in jumpstarting their activity, we’re also staging a lottery during the month of July to give away a brand new Porsche Carrera to affiliates who place our brands in top position and increase their poker traffic.”
PokerStars were quick to follow up with their own statement- “In light of today’s news that Alderney Gambling Control Commission has suspended Full Tilt Poker’s license, PokerStars wishes to assure our customers that their funds are completely safe and that our operations are completely unaffected. The Isle of Man Gaming Commission today re-affirmed that PokerStars’ worldwide licensing is intact and that our operations are in full compliance with all of its requirements. PokerStars’ online operations continue as normal and all funds in players’ accounts are safe and available for withdrawal as usual with no delays.”
Although missing an opportunity to promote their own July promotions, PokerStars continued to assure their clients by stating “as provided under our licensing, PokerStars has always maintained the integrity and security of our players’ funds, by keeping all such funds in segregated bank accounts, always available for immediate withdrawal.”
The closure of Full Tilt Poker saw an immediate jump in traffic on both the iPoker network and 888/Pacific network, and in London´s Stock Exchange shares in the publicly traded Bwin.Party rose 11.5% to 148.34p.
Full Tilt Statement
Full Tilt Poker (eventually) released their own statement confirming the client´s worst fears ““As you have heard, the Alderney Gaming Control Commission (AGCC) has suspended Full Tilt Poker’s license with immediate effect, subject to a formal hearing late July. Full Tilt is in ongoing discussions with the AGCC with the aim of rectifying the situation as soon as possible, therefore re-enabling real money play on the site. Unfortunately, until this is resolved Full Tilt Poker is unable to facilitate any play, and this includes deposits and withdrawals.
Full Tilt Poker are deeply sorry for this inconvenience and will update you as and when there is further information available.”
In later news it was claimed that Full Tilt Poker are holding talks with the Kahnawake Gaming Commission to see if they can obtain an operating licence before the Alderney Gaming Control Commission hearing on July 26th. With this licence they will at least be able to apply to process payments, but there are doubts that any facilitator of financial transactions will be prepared to deal with the discredited company following Moneybookers public disassociation with Full Tilt on Wednesday.
Nonetheless, reports in the L.A. Times indicate that the parent company of FTP – Pocket Kings – is being purchased by an unnamed group of European investors (*). Should the reports be true, it would raise the capital to pay back all the US players still waiting to receive an estimated $150 million and pay the fines which will inevitably be applied by the US Ministry of Justice. Oh, and Phil Ivey has indicated that he is prepared to kiss and make-up as well.
(*) Last week, it was claimed that Jack Binion was buying FTP. So don´t hold your breath on this one!