Full Tilt Issues Statement

Full Tilt has announced that it is seeking other investors, while management apologises for its lack of communication.
1303 23rd August, 2011 The Full Tilt Saga
Full Tilt Issues Statement

Full Tilt has said it is now seeking other potential buyers, while the company is still in talks with its mysterious group of European investors.

In a press release issued exclusively to PokerNews, Full Tilt said:

"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."

Full Tilt’s regulatory hearing with the Alderney Gambling Control Commission is set for September 15 at the latest.

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