FullTilt Purchased by European Company?

In a new wrinkle to the drama caused by online poker’s Black Friday in April, it seems FullTilt could have finally found the financial relief necessary to pay American players. Over the past week the world’s second largest poker site had been rumored to been bought out by Jack Binion, had their gaming license revoked by the Alderney Gambling Control Commission, and now might have actually found a suitable investor in their company.  According to an LA Times article published on Thursday an anonymous company has agreed to an undisclosed amount to help FullTilt get out of their financial issues.

To understand what is happening now one must go back well before the April 15th crackdown of American online poker by the US government.  It seems for some time FullTilt was accepting player deposits with very little way to actually collect the funds.  This allowed the site to be owed some $60,000,000 from their players.  Unfortunately when April 15th hit and many payment processors (and funds) were seized or frozen FullTilt was left with very little cashflow and books that would make an accountant’s head spin.  While PokerStars was able to pay back more then $120,000,000 to American players within …

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Crypto Gambling

Bitcoin Accepted! Peach Becomes Japan’s First Airline to Jump Aboard with Crypto Gambling

Peach Aviation, the Japanese low-cost carrier owned by Japan’s largest Airline, ANA, becomes the first in the country to allow fliers to pay for tickets with bitcoin.

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In a first, a Japanese airline will accept bitcoin for tickets amid the rising popularity of bitcoin in the region. Announced today, Peach’s decision to accept the world’s most popular cryptocurrency comes following a handful of significant recent legal changes.

Chief among them is Japan’s classification of bitcoin as a recognized method of legal payment after passing bills to underline digital currencies as the digital equivalent of paper money last year. Come July, Japan will now longer impose the 8% consumption tax rate on bitcoin buying through exchanges. All of which has led to Japan becoming the world’s leading market for bitcoin trading in recent months.

The airline is aiming to soar on bitcoin’s popularity by collaborating with local governments and companies in Japan to help ‘spread usage’ of bitcoin, the company told reporters in Tokyo on Monday. There’s plenty of momentum for such a cause, with up to 260,000 Japanese retail storefronts set to accept …

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