Adventures of a Small Stakes Poker Player and Sports Bettor
Wednesday, July 20, 2011
Full Tilt Set To Show Their Cards?
Full Tilt has an appointment with the Alderney Gambling Control Commission next week in an effort to have their suspended gaming license reinstated. Also, the three week exclusive negotiating period with the group of European investors will come to an end shortly thereafter.
I believe the two are intertwined. If the investor group doesn't have the assurance of a gaming license, why would they invest in a company incapable of producing income?
I know there is some value to the intellectual property in the Full Tilt software (particularly the "Rush" programing), but let's be honest here, we're only interested in a deal that will get the players paid. An intellectual property deal won't get that done.
I would think the US Department of Justice would also have a say in this. What exactly will it take from the new owners to square things with Big Brother? Will Full Tilt be in the mix when poker is legalized in the states?
Lots of questions still to be answered. Full Tilt has maintained radio silence for a month and a half, but they'll probably have to table their hole cards in the next couple of weeks as the licensing hearing and negotiations come to a head. I don't know if we'll like the outcome, but at least we won't be sitting here in the dark much longer.