Quote from: BitPaulo on February 26, 2014, 04:20:39 AM

It's a good article to read again, this guy made spot on predictions based on poker recent past experience...
http://www.coindesk.com/mt-gox-may-headed-bankruptcy/

"FullTiltPoker enjoyed market dominance from late 2006 until their DOJ indictment in April 2011. Soon after being banned from servicing US players, the DOJ gave them permission to repay all depositors, but they failed to do so.

On May 15th, FTP claimed: Full Tilt Poker faced numerous challenges and hurdles to ensuring the smooth operation of its international business and the orderly return of US player funds. We are absolutely committed to making sure that US players are refunded as soon as possible. We apologize for the delay and the fact that we underestimated the time it would take to work through these issues.

On May 30th, they repeated:

We still do not have a specific timeframe for [paying back players]. There has been, and remains, no bigger priority than getting US players paid as soon as possible, and we have been working around the clock to get this done.

However, at this point, they admitted solvency issues for the first time, saying: We are raising capital to ensure that the US players are paid out in full as quickly as possible. The company admitted total insolvency three months later, on August 31st."

I will just add to this that PokerStars purchase of Full Tilt included compensation for all the US customers. This was delayed by the US authorities, but in October 2013 arrangements were in place to begin compensating everyone who lost out. The first wave of payments actually went through yesterday. Non US customers had their funds back a long time ago.