Quote:
Originally Posted by SGT RJ
PS segregated and protected their player deposits, as they were required to do under their gaming license.
FTP did not, nor were they required to under their gaming license (two different licensing authorities, ldo).
There are other significant hurdles (FTP was floating players money without deposits to cover it to the tune of $60M, FTP has significant amount of checks that bounced or unprocessed player withdrawals that are still in limbo but are slowly making it back into FTP accounts, FTP appears to not have had enough liquid capital to cover the amount necessary to cover all US accounts after the DOJ froze some of their accounts) which have prevented FTP from paying out so far.
Other than the fact that both were poker sites, comparing PS and FTP is like comparing apples to oranges. Actually, it's like comparing a prime ribeye steak with processed dog food. Still, there's really no comparison of the two situations - PS was simply in a better position with minimal roadblocks, FTP has significant other roadblocks that have yet to be cleared, along with poor customer service and a PR team made up of drunken monkeys.
That should just about catch you up for the last six weeks.
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This should probably be stickied somewhere. It's the best summary/cliffs so far that I've seen.
While my problem with FTP has always been the CS and drunken monkeys, I do have a slight new concern about why Ivey would do this. It opens up speculation that they could have/should have been able to do something differently post BF. Almost as if he knows about an impropriety that we don't. Otherwise, why would he make such a statement? Unfortunately or fortunately, it's just speculation.
Two Plus Two
Great stuff. Very funny. 
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