Ray Bitar Out at Full Tilt + Alderney To Unsuspend License?

GTFO, Ray.

Hearing some interesting Full Tilt Poker news from our across the pond sources.

While we’re waiting on full confirmation, the sources are solid and both points seem inevitable, so here’s what we’re hearing.

:: Ray Bitar is out. Word is that on Sunday Ray Bitar was voted out as CEO of Full Tilt. This shouldn’t come as a shocker as we’d imagine any potential investor (i.e. the Ivey White KnightTM group) doesn’t want to buy a company and have someone indicted by the United States government running it, but from what we’re hearing, it’s happened and he’s out. Backing the tip up, we’ve spoken to Tilt employees who say there has been no direct communication from Bitar since at least Sunday (although to be fair, there hasn’t been a ton before that either).

:: AGCC to unsuspend license. Some Tilt employees are being told that Alderney will unsuspend the company’s gaming license by the weekend, possibly as early as Friday. While Tilt and its prospective buyer are in discussions with the AGCC, it still seems early (to us, at least) to unsuspend the license. However, from what we hear, Tilt is preparing for it and has already moved its DNS back to Alderney.

As we hear more info, we’ll update this post.

 

17 Responses

  1. Pokerfiend76

    July 6, 2011 7:27 pm, Reply

    Picture Caption:  “They though James “Whitey” Bulger was in Ireland.  Difference is, they know you are in Ireland and are similarly doomed!”

  2. Vespa

    July 6, 2011 7:43 pm, Reply

    Avoid Fultilt and PokerStars like the plague, even if FTP do get their licence returned they won’t be here for very long. When the fines start rolling in where they gonna get the money to pay them…your account that’s where.

    Europeans stick to 888 or PartyPoker, Americans lobby your Congressman.

      • Vespa

        July 7, 2011 10:27 am,

        They can’t use our money for opperational expences either, but they have. Our money is supposed to be “ring fenced”, but can any one tell me were it is… dipshit.

        If they were reputable would they be processing payment through bogus companies and paying bribes to banks. Your money isn’t safe with FTP and I doubt it’s safe with PS. Even if they survive the legal action being taken against them now do you really think they’ll be allowed back into the US market once online poker is legalised?

        888 have been aproved as a suitable partner for US companies to forge links with by the Nevada State Authorities and Party Poker have similar approval from California.
        It’ll be these companies and their US partners that will be allowed to opperate US facing pushing FTP and PS further into the garbage.

  3. matt

    July 7, 2011 11:14 am, Reply

    Every story talks about US players waiting for money. I live in Australia & withdrew money before full tilt got shut down & have not received a cent. Everyone is waiting for money from Dodgy Tilt.

    • Vespa

      July 7, 2011 11:40 am, Reply

      I live in the UK Matt and I’m in a similar position. I think that it’s odds on we’ll never see our money again. Fortunately for me I’m not a pro and they only owe me $300 which wont kill me to lose, but it was my money and I’m pissed that it’s gone.

      I have two new accounts, one at 888 and one at PartyPoker, neither of these rooms faced the US after 2006 and whilst I don’t ever think our money is completely safe any where (including banks) i do believe that it’s safer at these two sites than PokerStars. PS and FTP may well continue to opperate in the short term but they will never be allowed to face the US again and because of that they are doomed long term, and I don’t want my money deposited with a doomed company.

      • Wpilson1970

        August 9, 2011 3:50 pm,

        PS being “doomed in the long term” is possibly the dumbest thing Ive ever read, outside of the 2 plus 2 forums. And I thought the people there were ignorant.

        You realize that the industry is heavily regulated in Europe, right? I dont see PS losing market share there.

        You think your money “isnt completely safe anywhere”………maybe you need to give your head a good shake.

      • Vespa

        August 29, 2011 2:51 pm,

        The European markets are regulated, as will the US market be when they open to legal online poker. Even if PS cuts a deal with the DOJ and they are not prosecuted will they be regulated out of the the US market? Most people I’ve spoken to seem to think so.
        Given that the companies who will be granted permission will then have far greater player liquidity with player pools from both Europe and the US than European only facing sites then yes PS is doomed in the long run!!

  4. D_bancroft

    July 8, 2011 4:14 am, Reply

    In Australia and I withdrew over $10k over 7 or 8 withdrawals after BF. All went through within a matter of days. If FT gets up and running and they pay off all the Americans, I would consider going back. Big ‘ifs’ though

  5. Miniman

    July 10, 2011 5:38 pm, Reply

    im still waiting for 5 grand. i dont think i will ever see that money but i guess we will wait and see

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