Online Poker

Legal Gambling


888 Poker

Chris Ferguson Releases Public Apology About Full Tilt


There has been a lot of controversy and drama related to Full Tilt Poker and the way in which it got shut down along with so many other poker websites on what became known as Black Friday on April 20, 2011. The difference was that while some other poker sites found ways to adapt to the new online poker landscape. 

Full Tilt did something that you should never do when you are a poker website. That is that they did not separate player account's money from their general operating money. In other words, they were using accounting tricks that did not keep player's money safe. When the U.S. government came after them, the site declared bankruptcy and also revealed that it did not have all of the funds to pay out player accounts. Executives had been paid in the millions of dollars to run the site. That money had to come out of the accounts of players. 

Obviously, there were a lot of players who were massively upset by the fact that their money was not kept safe during this whole ordeal. They had put their trust in the executives and others to keep their funds safe when they put their money with them. Most other poker sites had made the wise choice to keep the funds separate. For whatever reason Full Tilt had not made that choice, and they paid for it dearly in terms of their reputation. 

Finally, all these years later, Chris Ferguson has finally issued an apology for what has happened. It is about time because he was one of the people who was indicted for crimes that occurred during the Black Friday period. He settled with the U.S. government at the time to the tune of millions of dollars, but that has not stopped him from receiving a lot of criticism from all sides for not being upfront and honest with the players right from the beginning. Had he just done that he might have been able to avoid a lot of the criticism that he has received. At least on this day he has finally done the right thing and issued an apology.

>> All legal poker news in USA

Online Poker News in USA

09/29/2018 Las Vegas Is Seeing A Slump In The Amount Of Profits From Gambling Wins
Regulators in the state of Nevada claim that the only reason why gambling winnings for the major casinos on the Las Vegas strip are down is because of a lack of major events. In a city where there is literally always someth... Read more

Legal Gambling USA
09/22/2018 States With The Best Opportunities To Legalize Online Poker
The uphill fight to legalize online poker throughout the United States has taken on a state-by-state approach. Advocates know that a federal overturn of financial regulations that currently prohibit online poker websites to... Read more

Legal Gambling USA
09/05/2018 Massachusetts Gets First Poker Room: Could Online Poker Be The Next Hurdle They Cross?
Buzz in the poker community has started up again as Massachusetts opens it first land-based poker room. The MGM Springfield has opened up the poker room as part of its casino establishment. It is a twenty-three table poker ... Read more

Legal Gambling USA
08/26/2018 Online Poker Is Gearing Up In Pennsylvania
The state of Pennsylvania is about to have the website offering legal online poker in its borders within the next few days. News reports have confirmed that is teaming up with the brick and mortar Harrah's... Read more

Legal Gambling USA
08/20/2018 Cryptocurrencies Coming To Online Poker?
The cryptocurrency craze may be finally ready to reach into the realms of online poker. It just so happens that one poker website by the name of EvenBet is looking to make this happen. Their vision for how this would work i... Read more

Legal Gambling USA
>> All poker websites news in USA

  Home > Online Poker > Online Poker News in USA > Chris Ferguson Releases Public Apology About Full Tilt