Full Tilt once again addressed players in the United States about the continued problems with allowing cashouts, although little news came from the online poker site in a recent statement.
Full Tilt was among the poker sites whose domains were seized by the U.S. Department of Justice in April. While players have been able to cash out their funds at PokerStars, which was also affected by the seizures, Full Tilt has not been able to facilitate cashouts for Americans.
A Full Tilt representative posted at the poker forum twoplustwo.com, and said that the site does not know when American players will be able to cash out. Here’s an excerpt:
We acknowledge that our lack of communication reflects poorly on us, and rightfully so. We have been too optimistic in estimating how long it would take to sort through the issues we have faced since Black Friday. And as frustrating as the delays have been for us, we recognize that it cannot compare to the frustration you have been feeling.
We further recognize that our lack of communication has led to much speculation and many unsubstantiated rumors, which have often been contradictory. With this message, we hope to clear up as much confusion as we can, while at the same time keeping in mind the constraints imposed on us as a result of the cases brought in the Southern District of New York.
You can read the entire thread at 2+2 here.
The Full Tilt rep also said that the online poker site is not bankrupt (“FTP’s worldwide business is healthy and, although we’ve had some short-term challenges, it is operating as normal.”) At the same time, the rep said that Full Tilt is “raising capital” to try to facilitate cashouts for American players.