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Full Tilt making former players nervous |
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Written by Administrator
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Wednesday, 26 October 2011 14:11 |
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Full Tilt Poker seems to be causing general nuisance amongst players who have deposited money on the website. Phil Ivey filed a lawsuit against the operator, asserting that the company owes around $150,000,000 to American players. Whilst Full Tilt reached an agreement with the U.S. Department of Justice so that they are able to refund players’ money using the seized domain name, no one seems to have noticed their funds landing in their bank accounts so far. What is the problem? Speculations are emerging that Full Tilt might actually not have the money at hand as it might have been invested elsewhere, the same way banks and other financial institutions do it – except banks are open about it and there is a legally determined reserve they always need to keep in the vaults. Is there a similar regulation applying to online poker sites? All of these questions remain to be answered.
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