In an statement released on Monday, Pocket Kings Ltd., Dublin-based parent company of Full Tilt Poker, confirmed that the exclusivity period of negotiations with the current potential investor has come to an end.
“While Pocket Kings Ltd. plans to continue discussions with its current investor, the company has now begun negotiations with additional potential investors to conclude the sale/partnership of the Full Tilt Poker brand and its assets,” it states.
With no apparent trace of irony, Pocket Kings also acknowledges the poor communication and will “strive to have better communication with its customers going forward.” This statement was released exclusively to one media outlet, with no statement available on the official website, no update on the FTP twitter account, and no representative posting on 2+2, where historically Full Tilt has engaged the community with regular Q&A threads.
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.
To the extent that it can do so without jeopardizing future opportunities, Full Tilt Poker will strive to have better communication with its customers going forward. Full Tilt Poker’s number one priority remains the same: to secure an infusion of capital to repay all of its worldwide customers.
