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I came across this Infographic yesterday- Full Tilt: Where Did Your Money Go? Courtesy of Pokerfuse.
It’s great (IMO) because it gives a clean breakdown of Full Tilt Poker’s Payouts, Deposit Deficits and seizures from the DOJ.
Pretty insightful. I have admit, I’m having the hardest time wrapping my head around all this money!
That is crazy business. As in crazy that they owe 300 milion to players, but had 5-60 million in the bank. They must have worked out how much in withdrawals were being made a month, and whatever else was available, they pulled out.
I have a theory on why they pulled out as much money as they did. They sold a substantial stake and controlling stake to a silent partner, and are now being paid of year by year, with the earnings being made by FT till their stakes which they sold off to the silent partner is paid off.
Also
Quote:On September 30, 2011 it was disclosed Tapie had agreed to buy Full Tilt Poker and its assets despite its legal troubles in the United States and the revocation of its gambling license.
