Full Tilt Lays Off U.S. Employees, Ray Bitar Still CEO, and They Pay AGCC

Hey Mikey, if you want us to keep paying you too, quit ripping us on QuadJacks and STFU already...

Lumping a few small Full Tilt Poker posts into one medium sized write-up on this one.

We’re hearing from multiple sources that the aforementioned Full Tilt Poker has (finally) laid off some of their U.S.-based employees.

Giving credit where it’s due, although these layoffs should’ve happened around 1pm PT on April 15th, our sources say that Tilt is paying in full all laid off employees for time served from April through now.

One employee who amazingly still has a job is Federally indicted CEO Ray Bitar. We had previously reported a rumor (that we cited we needed a second source on, which we never got) that Bitar was voted out of his position. This story, sadly, ruined his day. We’ve since heard that Howard Lederer at least played a part in blocking Bitar’s ouster. By all accounts, Lederer is fiercely loyal to Bitar, and in general, loyalty (as evidenced by Tilt paying their U.S.-based employees) is paramount over all at Tilt.

Finally, Full Tilt managed to pay the approximate $450,000 owed to the Alderney Gambling Control Commission (AGCC). This opens the door for getting their gaming license reinstated.

On that note, negotiations with Ivey’s White KnightTM (and Ivey’s White Knight with the AGCC and DoJ) are still on-going. At this time, we are not aware of any other parties involved with or interest in buying Full Tilt Poker.

 

4 Responses

  1. Jack

    September 4, 2011 2:34 am, Reply

    They all have been living it up off players money.  Spending millions  a month on their lifestyles.  They should be charged for tax evasion.  Ray bitar, Phil Ivey, David Grey, Howard led, Jen Harmon, Gus Hansen.  None of them paid taxes on the millions they got from Full Tilt.

  2. Hermes

    September 21, 2011 6:23 pm, Reply

    The gallows serve a purpose. In truth you can see who somebody really is by simply observing them. These guys are nothing exceptional. They are simply another pack of apes who have found a way to make other monkeys go gather fruit, mine gold, etc.. for them, while they sit in their palaces and live it up. Like said…..nothing new, nothing exceptional, simply common in their pursuits of living high, while doing little for it. As said, the gallows have a purpose.

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