The 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 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 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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Mike Matusow is the first Full Tilt Poker pro to speak out about Black Friday, Full Tilt Poker situation and players being paid out. In a recent interview with QuadJacks which featured Mike Matusow, Daniel Negreanu and Tony G some interesting topics are discussed which may help shed some light.

While most of the FullTilt Poker pros & owners have all remained silent since Black Friday which is possibly the worst way to deal with the situation.

Mike Matusow aka The Mouth answers all the questions thrown at him and gives his honest opinions.

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