Full Tilt Poker Subsidiary Lays Off 180Published on October 22nd, 2011 11:42 pm EST
According to Irishtimes.com, up to 180 workers at Pocket Kings (subsidiary of Full Tilt Poker) are in the process of being let go from the company.
According to the article, Pocket Kings Ltd started informing workers of the layoffs on Wednesday.
Full Tilt Poker has not made a penny since its doors closed on June 29th. That was the day that the AGCC (Alderney Gambling Control Commission) decided to suspend Full Tilt's licenses. The site closed its doors shortly after the AGCC announced their decision.
Full Tilt Poker is currently trying to finalize a deal with Groupe Bernard Tapie that would allow the site's doors to reopen. Groupe Bernard Tapie is currently engaged in negotiations with the US Department of Justice - the investment group has signed a conditional offer to buy Full Tilt, contingent on several conditions being met (including a favorable resolution of negotiations with the DoJ).
According to Irishtimes.com, Pocket Kings Ltd employs roughly 500 people in Dublin, Ireland. There is no word as to what the remaining 320 employees will be doing while Full Tilt and Groupe Bernard Tapie try to close their deal.
Pocket Kings Ltd employees who were laid off were told that the company was restructuring as a result of "the loss of US and European revenues".
As you can imagine, some of the terminated employees are talking about their experiences at the company. You can read some of their thoughts here and here.
Source: Irishtimes.com - Full Tilt Poker subsidiary based in Dublin to make 180 staff redundant
Filed Under: Online Poker Rooms