Jack Binion Considers Investment in Full Tilt Poker

Written by:
C Costigan
Published on:
Jack Binion Full Tilt Poker

Long time Las Vegas staple Jack Binion reportedly met with Full Tilt Poker officials in Ireland last week along side poker pro Phil Ivey in order to discuss a potential investment opportunity. 


Full Tilt Poker has been under intense pressure to pay back US customers since April 15 when US authorities seized the company’s funds and forced their exit from the US market.  FTP and two other companies, PokerStars and UB.com, have been charged with bank fraud and money laundering.

Binion, the original founder of the World Series of Poker, has since founded the World Poker Open and assumed the role of chairman for Wynn International, where he was in charge of Wynn Macau.

Subject Poker reported on the Binion meeting late Monday and has previously reported that Phil Ivey would be appearing as well.  They have since noted that Ivey’s appearance was crucial to Binion being there.

While Full Tilt Poker has issued statements that there are “pending deals with several parties that would put money back in players’ pockets, many industry experts have since told Gambling911.com that they believe FTP is “far from broke” and question whether actual funds were froze.  Some individuals with long time experience in the online gambling sector have suggested Full Tilt Poker would have known some time ago what accounts would be subject to seizure since they were well aware of which processors were under investigation. 

Any attempt to send monies to US players would likely result in federal authorities being able to trace back to the present bank accounts.

- Chris Costigan, Gambling911.com Publisher

Poker News

Adam Friedman Defeats Phil Hellmuth to Win WSOP $10k Dealer's Choice for Third Straight Year ($248,350)

Adam Friedman Defeats Phil Hellmuth to Win WSOP $10k Dealer's Choice for Third Straight Year ($248,350)

Bracelet number 17 was not meant to be...at least not yet.   Phil Hellmuth, the record 16 World Series of Poker bracelet winner, was taken down by Adam Friedman Wednesday night in the Dealer's Choice Championship.

The Sunday Special Pot Limit Omaha at America's Card Room

Pot Limit Omaha gets some much-deserved attention at America's Cardroom with the weekly Sunday Special PLO at 2:30pm ET.

Matusow, Negreanu, Hellmuth Going Deep Together for First Time in 25 Years

Hellmuth is gunning for yet another record bracelet win.

2021 Poker Hall of Fame Finalists Announced

2021 Poker Hall of Fame Finalists Announced

The late Layne Flack, who Gambling911.com confirmed last week died from a Fentanyl overdose, among those nominated as well as the indicted founder of PokerStars.

Phil Hellmuth Wins Record 16th WSOP Bracelet: "No Accountability" Say Some

The win comes following an epic meltdown one week ago that resulted in zero disciplinary actions.