Full Tilt Poker Failure Inevitable According To Matt GlantzFebruary 24, 2012 1:24 pm
Matt Glantz is a 41 year-old former financial trader from Pennsylvania, who turned his attentions to professional poker back in 2002, and has since become one of the game’s most consistent winners.
The family man with two children is also one of the most respected players on the circuit having amassed $4,054,127 playing live tournament, to go with the wealth he has derived from a highly successful cash poker career.
Therefore, when the consumate professional who has defended Full Tilt Poker in the past, suddenly loses his patience and turns on the former poker colossal, many are left wondering if there really is any hope in store for the beleaguered card room.
In his Cardplayer post entitled ‘Whispers From Full Tilt,’ Glantz said that he was in contact with a number of the FTP shareholders, who have expressed reservations towards making public statements so as not to be blamed in case the Bernard Tapie deal falls through.
However, Matt Glantz has now conceeded that, in his opinion, the Tapei deal isn’t looking at all promising, and wrote:
“..most of the insiders seem to conclude that there is almost no chance of this deal going through at this point…Unfortunately I feel based on their recent actions, I believe it is inevitable that Tapie will be backing out. It looks to me that for whatever reasons they have no real interest in acquiring FTP.”
Matt Glantz then says it is unclear why Tapei is still stringing the process out, even suggesting they might be trying to enhance their “own shady reputation,” and may have recently outed certain Full Tilt pros who owed money, as an attempt to save face and have someone to blame for when they eventually do back out of the deal.
Matt Glantz then concludes his rather pessimistic article by suggesting that FTP customers just “move on as if the their funds are gone.”
If you would like to read his full article, follow the link here.