Entraction Network Folds; New Full Tilt Stirs

Entraction Network Folds; New Full Tilt Stirs

Posted on 13/09/12 - by Theodor Mavrodis News

The Entraction poker network (also know as the IGT Network) has closed its primary Stockholm office and announced plans to shut down its international poker network by the end of 2012.

Entraction was purchased by gaming machine manufacturer International Gaming Technology (IGT) in 2011 for $108 million.

IGT continued to operate the poker network largely as is with little investment in new features or enhancements.

Many felt the move signaled IGT’s preparations for launching online poker offerings in the US if laws were changed to allow it to do so.

The purchase of Entraction was considered more for its software assets than its active business as a poker network primarily serving European licensees.

Upon announcing the closure of the Stockholm office, IGT did announce that it would continue to focus on certain key legal markets for its online poker products.

Nevada is expected to be one of those legal markets that IGT hopes to serve as the company was approved for a license to provide software technology in the newly regulated online poker market in that state.

More Signs of Life at Full Tilt

With Entraction seemingly exiting the poker scene, there are signs of life from an old operator as Full Tilt appears on track for a re-launch in early November.

International players have been receiving emails from Full Tilt with instructions on how to verify their accounts ahead of a planned re-launch on November 6.

Players that submit photo ID and verification now will have instant access to any funds in their accounts when the site is launched again.

Part of the deal that PokerStars struck with the US government when purchasing Full Tilt is that international players would be refunded their money with 90 days of the purchase, with all signs pointing to that deadline being met.