Last Thursday, an email from Ray Bitar was circulating in the community. Several credible sources confirmed the authenticity of the e-mail posted on the Twoplustwo forums.
In this e-mail, a passage important [free translation]: "during the past 15 months, I've been working hard on solutions to reimburse players." Return to the United States today is part of this process. I believe that we are seeing the end of a long tunnel and I will continue to do everything in my power so that players are refunded. I hope that it will happen soon."
Today, the site of information about poker, Howcast, reported that one of their Member who wanted to keep the anonymity and who had a bankroll in the 4 digits at Full Tilt Poker, has been an offer by Pocket Kings (the parent company of FTP). He received the following email:
Dear xxx,
I'm sure you had wind of the difficulties encountered by Pocket Kings and Full Tilt Poker. However I would like to give you some information on the situation of the company. I will endeavour to be more succinct as possible.
Pocket Kings is currently under strict constraints of a regulatory and commercial point of view. This is the result of actions undertaken by the Department of Justice since last year. While there is a potential of outcome to abandon the intellectual property of Pocket Kings in compensation for the civil action incurred by the company - the company would be later transferred to a company private - it is now established that:
-Pocket Kings is not able to continue his activity as a person;
-There is no possibility to transfer the intellectual property of Pocket Kings to a third company in order to free up funds.
As an option in the short term, we have financial resources very limited and dedicated under the control of the DoJ to settle the debts of third parties. Positive point: these funds are available and can be used as part of an immediate settlement. Negative point: these funds are insufficient to reimburse all of the liabilities of the company and any agreement on a partial refund should therefore be regarded as total and definitive.
In summary, we pay 40% of the total of claims in full and final settlement. I note that you have a receivable amounting to xxx €. This would therefore amount to a sum of xxx €. I understand that it lies well below your expectations and I am sincerely sorry for the harm that our difficulties may have cause you. But I would like to add that this offer is simply to use a very limited amount of money in the best possible way.
Obviously, if he decides to back 40% of his money, he must renounce any future prosecution.
Why has this member received this offer? Is that other players have received such offers? East - this authentic as email?
Unfortunately, PokerCollectif can not answer these questions. Therefore, we remain cautious in view of these information. One thing is certain, we will continue to investigate this folder to provide you with the most relevant information as possible as soon as they will be made public.
Another complementary information comes from the TwoplusTwo forums once again. According to a post by "GoMuckYourselfBro" Pocket Kings Ltd. would have been declared insolvent. According to the post of 2 + 2, Pocket Kings exist over here a few weeks. After this complete chapter, PokerStars will be able to deal with the assets of Tiltware LLC. The poster concluded that an agreement should be announced by PokerStars by the end of the month.
What is Pocket Kings is in train to liquidate its actions and disappear in nature? Is Pocket Kings will disappear? East - for a discount on feet force FTP? And what happens to this day with the purchase of Full Tilt Poker by PokerStars?
More question than answers at this stage.
Do not hesitate to add details to this article using our forums: Full Tilt Poker: reimbursement of players or liquidation of assets?
