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Old 07-02-2011, 12:11 AM   #5171
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Default Class Action Complaint Filed Against Full Tilt Poker

On Thursday, June 30, 2011, a class action lawsuit was filed in the U.S. District Court South District of New York against Full Tilt Poker demanding the return of players’ funds and for subsequent damages, purported to be more than $150 million.

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Old 07-02-2011, 12:11 AM   #5172
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Default WSOP Bracelet Winner Profile: Joe Ebanks

Ebanks started and ended the final table with the chip leadThe list of people who lost their career and their bankroll in one fell swoop at the hands of Black Friday is a lengthy one. For many, this World Series of Poker serves as a last hoorah or a must-win scenario in order to [...]

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Old 07-02-2011, 12:11 AM   #5173
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Default Ivey’s White Knight Deal Almost Done + Full Tilt Poker Podcast

Change that title to the Patron Saint of Poker because Phil Ivey might've just saved Full Tilt.


The LA Times broke a story last night that Full Tilt Poker had sold to a group of European Investors (i.e. Ivey’s White KnightTM).

Like Jason Biggs hopping in the sack with Shannon Elizabeth, the story jumped the gun a bit. According to our sources, the deal is almost done, but it’s not there yet. However, theTimes did get it right in that Jack Binion is not involved in this purchase, as has been widely circulated.

What still stands in the way of this being a done deal? First, more legal. Like most major acquisitions, this is a complicated deal. Unlike most completed deals, this one needs to wade through a bookkeeping nightmare, as well as shareholder and shell company ambiguity. Next, the Department of Justice will need to bless it as any deal needs to ensure that U.S. players will get their money back. Also, Full Tilt still needs a gaming license, you know, so it can operate its business.

We don’t want to paint a gloomy picture here, all signs point to the positive. But to paraphrase Winston Wolf, “let’s not start sucking each other’s dicks quiteyet.” We’ve been involved in enough deals over the years to know that a deal is not done until all contracts are signed and money has been wired.

So how did the Full Tilt deal (potentially) (re)happen? Here’s how we see it.



[NOTE: THIS IS MOSTLY OUR SPECULATION] It’s been widely reported that Phil Ivey was back in Dublin. He went there as discussions with his White Knight got put back on the front-burner. As talks rapidly progressed, Ivey dropped his lawsuit (can’t have a lawsuit pending from a shareholder and face of the company if you–as an investor–are going to buy a company). One of the main reasons Tilt management (Ray Bitar, Howard Lederer) rejected the White Knight deal the first time was the majority control (or amount of it) the buyer wanted. With no other viable options left, and with the AGCC revoking Tilt’s gaming license, Tilt management was essentially left with no other choice but to get this deal done. And that’s where we’re (almost) at. If everything eventually gets locked in and the deal is blessed by the DoJ and whoever is going to license Tilt in the future, you can bet that Phil Ivey will become the Patron Saint of the Poker WorldTM.

With that out of the way, we recorded our first Wicked Chops Podcast yesterday with some friends from across the pond–Ben Fried, who launched Betfair’s poker room–and Kim Lund, who did the same for Poker Room. While some of the content is already dated (a lot of it is speculation about Tilt’s future in light of the AGCClicenserevocation), still some interesting European perspective on the Tilt situation and their international market perception.

Visit Ben Fried’s consulting company, Gaming Edge Associates, here. Visit Kim Lund’s consulting company, Infinite Edge Gaming, here.

Download the podcast on iTunes later today.

Related Posts
  1. <div class="title"> Phil Ivey in Dublin Meeting with Tilt Execs, White Knight Deal Back On? </span>
  2. <div class="title"> Full Tilt Poker Shut Down: Alderney Suspends Gaming License </span>
  3. <div class="title"> The Gloves Are Coming Off: Full Tilt Issues Statement on Phil Ivey </span>


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Old 07-02-2011, 12:11 AM   #5174
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Default Rhea's Return

Rhea emerges ... After being occulted by the larger moon Titan. Occultation is a celestial event in which a larger body covers up a distant object. Observations such as this one, in which one moon passes close to or in front of another, help scientists refine their understanding of the orbits of Saturn's moons. Titan is about 621,000 miles (1 million kilometers) from Cassini in this image. Rhea is about 1.4 million miles (2.3 million kilometers) from Cassini. The image was taken in visible light with the Cassini spacecraft narrow-angle camera on Oct. 27, 2009. Image scale is 4 miles (6 kilometers) per pixel on Titan and 9 miles (14 kilometers) per pixel on Rhea. Image Credit: NASA/JPL/Space Science Institute

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Old 07-02-2011, 12:11 AM   #5175
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Default Nike re-signs Eagles QB Michael Vick to endorsement deal

Nike has officially renewed its relationship with Eagles QB Michael Vick , signing him to an endorsement deal nearly four years after dropping him in the wake of the dogfighting scandal that disgraced him and led to his incarceration. Eagles QB Michael...(read more)

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Old 07-02-2011, 12:11 AM   #5176
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Default Rulers Of Evil - Tupper Saussy

Forum: RevisionismPosted By: WalterPost Time: 07-01-2011 at 06:30 PM

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Old 07-02-2011, 12:11 AM   #5177
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Default Kim Kardashian?s Fat Ass from the Side of the Day





This thing is ridiculous….I don’t even see how anyone can take it seriously anymore…I mean it’s almost a joke of a fat ass…you know a Parody of one…making fun of fat asses…so round and awkward looking that I don’t think you could keep a straight face…even when fucking it…I mean…there is no way this is a lazy, sloppy, dumpy ass that is strapped up to look like a shelf…. that at 20 was an ass that had appeal…it was like look at that thing…I want it in my mouth…before all the black dudes beat me to it…which they did….and now it’s just pushing middle-aged and the rest of her fatness is catching up with her…leading me to think this ass is just stunting…I think it is time for nude pics to prove me wrong…cuz until then her ass is just mocking me…in it’s largeness…





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Old 07-02-2011, 12:11 AM   #5178
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Default Kim Kardashian is very important, you guys

Kim Kardashian shopping at the Vera Wang boutique in West Hollywood (6/30) Settle down Kim, you're not that important. You got famous for being friends with someone who was famous for being famous. Quit acting like you're the damn... ...read full story





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Old 07-02-2011, 12:11 AM   #5179
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Default Alessandra Ambrosio has a real sweet tooth

Alessandra Ambrosio out and about in New York (6/30) What, like you've never seen an impossibly-hot supermodel in Daisy Dukes seductively eat a popsicle before? Grow up.*21 Alessandra Ambrosio pictures total in the gallery:... ...read full story





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Old 07-02-2011, 12:11 AM   #5180
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