Jack Binion in Full Tilt Investment Talks

Is Full Tilt Poker on the road to recovery? Casino mogul Jack Binion, founder of the World Series of Poker and chairman of Wynn International, is in talks with Full Tilt Poker over a potential investment.

Full Tilt Poker has drawn criticism for its failure to reimburse US players following the events of Black Friday, partly because of an alleged $60 million deposit shortfall. Notable pro Phil Ivey boycotted this year's WSOP because of Full Tilt Poker's failure to release player funds.

However, news reported by Subject: Poker of Jack Binion's potential investment might come as good news for poker players. His stature in the industry, along with his financial clout, could pave the way for US players to get their money back.

Phil Ivey was in Ireland recently for talks with Full Tilt Poker management, where he is believed to have been reassured by news of Binion's potential investment.

Furthermore Subject: Poker writes, "(...) Ivey appears to have been placated by the potential deal" that Full Tilt Poker and Binion plan to close and the website adds that "sources think (...) the parties are close to reaching a deal."

Full Tilt Poker - Moneybookers dispute

Full Tilt Poker has been locked in a dispute with Moneybookers over the past few weeks. It has been selectively blocking certain player withdrawals, which has angered the payment processor, as it has been left with a huge backlog. Moneybookers has threatened to cut its ties with Full Tilt Poker altogether, Subject: Poker reports.

The news of Jack Binion's potential investment in a site dubbed "The Home of the Pros", however, hints at a more promising future.

Please note, so far those are just rumours and nothing is confirmed yet.