News

Objective news from the poker world.

Dispute Between FTP and Moneybookers

June 26, 2011 - 8:15 PM EDT
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Dispute Between FTP and Moneybookers

Subject: Poker has learned from several reliable sources of a rift in the relationship between Moneybookers and Full Tilt Poker. The dispute centers around FTP's apparent selective processing of withdrawals to the e-wallet. Since Black Friday, Full Tilt has been disabling Moneybookers withdrawals for players from various countries in a seemingly arbitrary pattern. This has been a significant financial burden for the payment processor. ...

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Phil Ivey Meets FTP Execs in Ireland

June 24, 2011 - 1:59 PM EDT
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Phil Ivey Meets FTP Execs in Ireland

Subject: Poker has heard from numerous reliable sources inside of Full Tilt Poker that Phil Ivey spent days meeting with executives at Pocket Kings headquarters in Ireland over the past week. It is not exactly clear why he was there, but multiple reliable sources noted that he appeared to be in good spirits and...

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Barton’s iPoker Bill Released

June 24, 2011 - 6:24 AM EDT
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Barton’s iPoker Bill Released

Representative Joe Barton has released the current full text of his proposed bill to license and regulate online poker in the United States. If passed, the bill, named the "Internet Gambling Prohibition, Poker Consumer Protection, and Strengthening UIGEA Act of 2011," would allow for the licensing and regulation of online poker alone. The bill as currently written would amend federal laws that relate to online gambling to explicitly allow licensed sites to spread online poker. It would provide...

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Cereus Owes $54M, Has $5M-$6M Liquid

June 13, 2011 - 11:50 PM EDT
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Cereus Owes $54M, Has $5M-$6M Liquid

Correction posted 11:45 PM EST. Subject: Poker's Scott Bell has learned that Absolute Poker and Ultimate Bet's total outstanding debt to players is $53.7 million, but their cash on hand is only between $5 million and $6 million. These numbers came from a reliable source inside of AP management and have been corroborated by a different person inside a different department in the company. Our source, who wishes to remain anonymous, told us that $29.5 million of...

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Merge Network Temporarily Blocks US Sign-Ups

June 1, 2011 - 11:17 PM EDT
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Merge Network Temporarily Blocks US Sign-Ups

The Merge Gaming Network plans to temporarily stop accepting new US players. A source close to Merge who requested anonymity has confirmed this story to Subject: Poker, corroborating the reports of other news outlets. We were unable to find a clear timeline, but our source described the move as "very temporary." The decision will not affect current US players or players outside of the US. Both our...

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Phil Ivey vs. Tiltware Legal Complaint

June 1, 2011 - 7:54 PM EDT
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Phil Ivey vs. Tiltware Legal Complaint

Subject: Poker has obtained a copy of Phil Ivey's legal complaint against Tiltware LLC and other people and companies related to Full Tilt Poker. In the complaint, Ivey's lawyers request over $150 million in damages and freedom from the non-compete clause in his contract with Tiltware, alleging that Tiltware et al. violated their contract and severely harmed his reputation. The complaint centers around four principal allegations: That...

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Phil Ivey Releases Statement

June 1, 2011 - 2:33 AM EDT
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Full Tilt Poker

Team Full Tilt member Phil Ivey, widely believed to own a large portion of the poker site, released the following statement on his personal website and his facebook fan page on Tuesday: For many years, I have been proud to call myself a poker player. This great sport has taken me to places I only imagined going and I have been blessed with much success. It is therefore with deep regret that I believe I...

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DOJ: NO FTP Funds Released

May 31, 2011 - 7:00 PM EDT
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DOJ: NO FTP Funds Released

The Public Information Office of the US Attorney's Office has informed Subject: Poker that NO deal has been struck with Full Tilt Poker to release or unfreeze any funds. eGaming Review Magazine reported Friday that an Irish bank account containing "more than a third of the US$100m to $150m still owed to US players" had been released to FTP. They cited an unnamed FTP source as having provided the information. The false story was widely...

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Victory Poker to Move All Players to Cake Poker

May 31, 2011 - 2:20 PM EDT
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Victory Poker to Move All Players to Cake Poker

Victory Poker players received an email from Cake Poker this morning saying their account would be upgraded to a Cake Poker account on June 1st. All rewards, gold cards, gold chips and tournament tickets will be transferred over to players' new Cake Poker accounts. Considering that Cake was already handling the software, cashier and customer support, it is unlikely that much will change for Victory Poker players. We asked the CEO, Dan Fleyshman, for comment....

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Full Tilt’s May 30th Update

May 31, 2011 - 12:32 AM EDT
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Full Tilt’s May 30th Update

Full Tilt Poker spokesman FTPDoug posted an official update on the status of its American players Monday. The statement, posted on the Two Plus Two Forums, did not say when Full Tilt's US players would receive their money, which has been in limbo since the April 15th indictment. Instead, it said only "We still do not have a specific timeframe for this. There has been, and remains, no bigger priority than getting US players...

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