Ray Bitar out as Full Tilt Poker CEO

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After weeks of conflicting news on the Full Tilt Poker situation, two startling developments are beginning to unfold.

First, rumors are circulating that there is a new captain leading the ship. At the most recent board of directors’ meeting, wanted man Ray Bitar was voted out of his role as CEO. Obviously, this has been a much anticipated move, considering that a new investor would be much more hesitant to save Full Tilt when it is being led by a man running from the feds.

In a possibly related note, rumors are also floating through the net that the Alderney Gambling Control Commission will be revoking the suspension on Full Tilt’s license by this weekend. It has been well known that Full Tilt Poker has been working toward this end, and it seems that their goal is finally coming to fruition. It is very likely that this move was made capable due to the removal of Bitar as CEO.

We will continue to monitor the situation and provide updates as they are made available.

One thought on “Ray Bitar out as Full Tilt Poker CEO”

  1. I’m not sure if the terms “rumors are circulating” and “rumors are also floating through the net” are accurate terms to use here.

    The one source of the story if WCP (http://wickedchopspoker.com/ray-bitar-out-at-full-tilt-alderney-to-unsuspend-license/). Any circulation of rumors is just retweeting/rewriting this one story, which is based on one set of “anonymous sources.”

    I don’t feel either part of the story is really too surprising. It’s been confirmed that the Euro-investors story is a real possibility by the AGCC themselves, and the AGCC implied clearly in their recent statement that a potential deal could lead to the reinstatement of the license prior to the July hearings. And I doubt anyone is surprised that Bitar would be out as part of a deal that hands over a majority stake in the company.

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