Full Tilt Poker Collapse: The Inside Story of Ray Bitar and Chris Ferguson

The collapse of Full Tilt Poker was a significant event in the poker world. The article delves into the roles of key figures like Ray Bitar and Chris Ferguson, and the financial mismanagement that led to the company's downfall.

The author's friend Jack Binion considered purchasing Full Tilt Poker and studied the situation in detail. This unique perspective provides insights into the inner workings of the company and the decisions that led to its demise.

Ray Bitar was appointed CEO of Full Tilt Poker based on a recommendation from Chris Ferguson. Bitar and Howard Lederer achieved significant results in advertising and marketing for Full Tilt Poker. However, Lederer left his executive position in 2009, leaving Bitar in charge. Despite initial successes, the company faced severe financial issues, which were not disclosed to the shareholders.