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888poker lounges 888 poker888Poker are currently working on new concept by introducing Home Games with PokerCam, the new addition is nothing new to the industry since the release of PokerStars Home Games and Full Tilt Poker Request Private Tournament at the beginning of 2011. However the 888poker lounges features pokercam tables for home games format making it more intimate and personalized for family and friends to play their own customized private poker tournaments or cash games.

The 888 PokerCam tables were also introduced earlier this year, the feature allows players to play poker face 2 face using webcams to stream audio and the video feed of each players is displayed as their player avatar.

The combination of PokerCam and Home Games will keep 888Poker ahead of most online poker rooms with their latest technology, which should also attract more traffic to the site. 888 poker lounges will be released soon and is currently available in the beta mode, read more to see a sneak peak of the new software.

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full tilt poker agcc hearingThe results of the Full Tilt Poker AGCC Hearing are still to be announced, but should be released soon. According to sources Full Tilt Poker have secured an investor deal with an “intent to purchase” from a French company which may replace all current ownership and repay all players who are owed money, the recent deal was brought to light at the AGCC hearing which took place in private last Monday and Tuesday.

FullTiltPoker’s lawyer has urged the AGCC to hold back on their decisions for at least 30 days while the new French owners to replace the current owners. Both the DoJ and AGCC are aware of the new investors deal and are currently vetting the funds from the investor.

However if the AGCC come to a decision within the next few hours and revoke Fulltilt Poker’s gaming license, the company could possibly fold if they lose their investors, in this circumstance none of the online poker players will ever be paid out.

With so much at stake in the next few hours, we certain hope the AGCC ruling is in the best interest of the players as I’m sure they are all waiting for the final outcome of the meeting.

Update: AGCC revokes Full Tilt Poker license

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full tilt poker black friday statementFull Tilt Poker released their official Black Friday statement providing more insight on why USA Poker players have not yet been paid. The latest statement explains that prior to Black Friday the government had seized player funds from American banks amounting to $115 million over the last two years. An online payment processor company have also stolen about $42 million causing even more financial difficulties for the company.

Since Black Friday Full Tilt Poker looks for new Investors to help fiance the company so they may payback their players and restore the company and it’s reputation to it’s former glory. With Full Tilt Poker closed the online poker room have lost their source of income when the AGCC suspended FullTiltPoker gaming license about two months ago forcing a worldwide shutdown.

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Full Tilt Poker closed looking for new InvestorsFull Tilt has been closed for nearly two months now, for a while poker players heard positive rumors that a group of European investors were looking to acquire the Full Tilt brand however things with that deal now look to have fallen apart with FullTilt announcing that they have begun negotiations with additional potential investors.

In their statement they said: “Full Tilt Poker will strive to have better communication with its customers going forward”; let’s hope that that part is true as to date their handling of the situation has been abysmal and one wonders if they still carry any value to the online poker world after all they have done or rather haven’t done.

Their rather lame excuse was: “Full Tilt Poker apologizes for its lack of communication with its customers over the last month and a half, but it has been grappling with unexpected and complex legal and financial issues arising from Black Friday and its aftermath. In addition, the company has had to be circumspect about disclosing the progress of negotiations with potential investors because there is often a requirement of strict confidentiality.”

The statement went on to try assure customers that their funds were safe:  “Full Tilt Poker’s number one priority remains the same: to secure an infusion of capital to repay all of its worldwide customers.”

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To qualify for a Cake Poker rake back account, simply download the online poker room software from the links on this page only or enter the CakePoker Signup Code when signing up for a new account. Cake Poker accepts USA Poker players to play poker online, make your first deposit and get a 110% bonus up to $600 on top of your 33% Cake Poker rakeback.

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