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FTP Discussion Thread (Everything but big new news goes here. Cliffs in OP) FTP Discussion Thread (Everything but big new news goes here. Cliffs in OP)
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887 43.42%

07-30-2012 , 09:15 PM
FWIW Kathy Liebert is blowing up twitter atm:



Kathy Liebert I am confident it will happen. No I cannot name my sources.
13 minutes ago

Kathy Liebert The deal is done. It will happen
27 minutes ago

Kathy Liebert I am still confident there will be an announcement soon and that players with $ on FTP will be glad to hear. Stay tuned
42 minutes ago

Kathy Liebert I have a feeling that tomorrow may wind up being a big news day.
1 hour 13 minutes ago
07-30-2012 , 09:16 PM
Quote:
Originally Posted by aggo
no


if i was a ROW'er and I had the option between the Tapie deal or liquidation/bankruptcy/doj firesale, i take the Tapie deal.
You can get that deal on ipoker as has been pointed out before. It was an excellent call by the DoJ. I'd gladly take even a 5% chance of full repayment over the Tapie deal.
07-30-2012 , 09:16 PM
Quote:
Originally Posted by zoomie123
Kevmath: what do you think about here statements?
Some of what she said may be correct. There's also the chance that her "source" may be spreading false information. Jen Newell surely felt confident that there would be an announcement today. For whatever reason that didn't happen.

I was told this afternoon to expect an announcement, and as we all know, that didn't happen. Is it because of further snags from the DOJ or other groups? Who knows for sure. Maybe there will be an announcement tomorrow and we'll all get excited once again.
07-30-2012 , 09:18 PM
Quote:
Originally Posted by insanepoker7
You know what's pretty sick? I had dinner with Wendeen, my gf and a friend the other night at Borgata. I was so hung up on being stuck that I didn't even ask her about the situation. Pretty epic fail on my part.
i bet she's a blast to hang out with!
07-30-2012 , 09:18 PM
Quote:
Originally Posted by insanepoker7
You know what's pretty sick? I had dinner with Wendeen, my gf and a friend the other night at Borgata. I was so hung up on being stuck that I didn't even ask her about the situation. Pretty epic fail on my part.
Call her up and ask her what "a matter of days" means, please.
07-30-2012 , 09:18 PM
Quote:
Originally Posted by Kevmath
Some of what she said may be correct. There's also the chance that her "source" may be spreading false information. Jen Newell surely felt confident that there would be an announcement today. For whatever reason that didn't happen.

I was told this afternoon to expect an announcement, and as we all know, that didn't happen. Is it because of further snags from the DOJ or other groups? Who knows for sure. Maybe there will be an announcement tomorrow and we'll all get excited once again.
Thanks Kevmath... pretty much somthing is happening.
07-30-2012 , 09:22 PM
Quote:
Originally Posted by A MTT PRO
FWIW Kathy Liebert is blowing up twitter atm:



Kathy Liebert The deal is done. It will happen
27 minutes ago
KFL
07-30-2012 , 09:22 PM
Quote:
Originally Posted by NeedsToBeSaid
You can get that deal on ipoker as has been pointed out before. It was an excellent call by the DoJ. I'd gladly take even a 5% chance of full repayment over the Tapie deal.
5% chance, really? It's not hard to do an EV calc between the ipoker deal and a 5% of seeing your full bankroll. Ipoker deal won for me over 5% chance of full repayment. How 'bout you?
07-30-2012 , 09:22 PM
Quote:
Originally Posted by Pokerho
cliffs from new article:

but also to predict we are talking about a matter of days
In b4 1000 posts from previously level-headed posters debating how many days "a matter of" is...and showing their calculations.
07-30-2012 , 09:28 PM
Quote:
Originally Posted by XaQ Morphy
In b4 1000 posts from previously level-headed posters debating how many days "a matter of" is...and showing their calculations.
easy, Its a matter of a few days
07-30-2012 , 09:28 PM
Quote:
Originally Posted by A MTT PRO
Kathy Liebert I am confident it will happen. No I cannot name my sources.
13 minutes ago

Kathy Liebert The deal is done. It will happen
27 minutes ago

Kathy Liebert I am still confident there will be an announcement soon and that players with $ on FTP will be glad to hear. Stay tuned
42 minutes ago

Kathy Liebert I have a feeling that tomorrow may wind up being a big news day.
1 hour 13 minutes ago
And now Kathy Liebert, who has virtually no connection to online poker, has sources.

This is becoming comical.
07-30-2012 , 09:29 PM
Quote:
Originally Posted by DavidNB
easy, Its a matter of a few days
And in a few days it will be a few days more.
07-30-2012 , 09:29 PM
u know guys, u could all just chill or relax and let yourself be surprised, maybe check 2+2 again in a week or so ....
07-30-2012 , 09:30 PM
Quote:
Originally Posted by 28renton
5% chance, really? It's not hard to do an EV calc between the ipoker deal and a 5% of seeing your full bankroll. Ipoker deal won for me over 5% chance of full repayment. How 'bout you?
i think the point people are trying to make is that it wasnt a deal at all... it was just high rakeback on ftp

i dont know the details of GBT repayment plan but the way its been talked about on here was that u would be given a bonus in the amount of your bankroll... now unless that **** had some ridiculous clearance rate its pretty useless and u would in fact be better off getting some % of the $ value instead
07-30-2012 , 09:32 PM
In before it happens tomorrow and Chinamaniac was the only one who said Tuesday.
07-30-2012 , 09:33 PM
Quote:
Originally Posted by Kevmath
Some of what she said may be correct. There's also the chance that her "source" may be spreading false information. Jen Newell surely felt confident that there would be an announcement today. For whatever reason that didn't happen.

I was told this afternoon to expect an announcement, and as we all know, that didn't happen. Is it because of further snags from the DOJ or other groups? Who knows for sure. Maybe there will be an announcement tomorrow and we'll all get excited once again.
Why the hate on Wendeen, Kevmath?

She nailed GBT coverage, despite it not being well received at the time.

http://www.pokerplayernewspaper.com/...pay-dirt-11874

http://www.pokerplayernewspaper.com/...ffhanger-11898

You can go through almost all of her work on this saga and except for DF, she has been the most accurate.

Compare to Jen Newell who hasn't provided any new info (has she?) and has provided incorrect info 2x and it's hard for me to understand questioning wendeen, especially when Wendeen made no 100% certain proclamations in her initial post.
07-30-2012 , 09:35 PM
If you told me the over/under on Kathy Liebert's twitter being quoted was 37,100 posts I would've definitely taken the over. Oh well.
07-30-2012 , 09:42 PM
Quote:
Originally Posted by 28renton
5% chance, really? It's not hard to do an EV calc between the ipoker deal and a 5% of seeing your full bankroll. Ipoker deal won for me over 5% chance of full repayment. How 'bout you?
ipoker deal and 5% >= ipoker deal

qed

Last edited by NeedsToBeSaid; 07-30-2012 at 09:43 PM. Reason: unless you're a phantom depositor i guess
07-30-2012 , 09:45 PM
Isai Scheinberg: My credit good enough to buy you out?
Howard Lederer: Buy me out?
Isai Scheinberg: The hotel, the casino. The Scheinberg Family wants to buy you out.
Howard Lederer: The Scheinberg Family wants to buy me out? No, I buy you out, you don't buy me out.
Isai Scheinberg: Your casino loses money, maybe we can do better.
Howard Lederer: You think I'm skimmin off the top, Isai?
Isa Scheinberi: [Isai shakes his head] You're unlucky.
Howard Lederer: You goddamn billionaires you really make me laugh. I do you a favor and put up half in Sun First when you're having a bad time, and now you're gonna try and push me out!
Isai Scheinberg: Now we're talking business, let's talk business.
Howard Lederer: Yeah, let's talk business, Isai. First of all, you're all done. The Scheinberg Family don't even have that kind of muscle anymore. The DOJ indicted you, right? You're getting chased out of Isle of Man by the feds. What do you think is going on here? You think you can come to my house and take over? I talked to Bernard Tapie - I can make a deal with him, and still keep my casino!
Isai Scheinberg: Is that why Phil Ivey is in hiding boycotting the WSOP and filing lawsuits against you?
Phil Ivey: Aw, now that, that was nothin', Isai. I didn't mean nothin' by that. Yeah, sure I fly off the handle every once in a while, but me and him, we're good friends, right Howard?
Isai Scheinberg: I leave for Israel tomorrow, think about a price.
Howard Lederer: Sonofabitch! Do you know who I am? I'm Howard Lederer! I made my bones when you were going out with cheerleaders!
Phil Ivey: Wait a minute, Isai, Isai, I got an idea. Howard, you're the CFO and you can talk to the Don (Raymond Bitar), you can explain...
Howard Lederer: Now hold it right there. The Don (Raymond Bitar) is semi-retired and in custody of the SDNY, also facing life imprisonment, I'm in charge of the Family business now. You have anything to say, say it to me.
Phil Ivey: [Howard Lederer leaves] Isai! You do not come to Las Vegas and talk to a man like Howard Lederer like that!
Isai Scheinberg: Phil, you're a degenerate craps player, and I love you. But don't ever take sides with anyone against PokerStars again. Ever.

Last edited by brb22; 07-30-2012 at 09:50 PM.
07-30-2012 , 09:45 PM
So let's see if I have this straight:

The parties have signed, the judge hasn't. The deal was completed on Thursday according to Wendeen,

"Ergo, early in the morning of Friday July 27, after learning the deal between the parties had been completed a day earlier, I wrote my news report,"

The judge has had two full business days (and the weekend) to sign and has not yet. Neither party to the deal (Stars and DOJ), both of whom know they've signed, has said a word. I wonder why they are choosing to keep quiet. Don't they have every incentive to announce the deal?

Could it be because a judge (or Preet) told them to STFU?

Yet without knowing why the judge hasn't signed, Wendeen opts to position the judge as a potential bad guy in all this:

"In a case of this magnitude, filled with esteemed lawyers at center stage in the negotiations, it would be almost unfathomable for a judge to torpedo a deal signed by the parties - especially one that would assure prompt repayment of player funds."

I really hope this isn't Judge Kaplan. This is exactly the kind of stuff that pisses judges off. Everyone here who views Isai as a hero must have forgotten that the DOJ might not see it that way. Try to remember:

April 15, 2011, he was their clear enemy, an indicted fugitive. A year later, because the other guys proved to be more criminal, the DOJ has to negotiate with him. I doubt that was easy for them to swallow. To people who aren't owed money by FTP, this looks a lot like moral hazard.

Think about how the public felt about the government bailing out the banks. Maybe, just maybe, someone wanted to spend the weekend drafting a carefully written press release.

Judge Kaplan didn't want to accept the Campos plea. You think he'd be thrilled to be signing this? If he was already planning on signing it while holding his nose, having it leak is infuriating. And if he's already fed up with being made a party to this, he might be looking for any excuse to say, "F- you. I'm not signing."

I really hope it's not Judge Kaplan. And I really wish Wendeen and her imprudent source would quit talking, especially since Stars and the DOJ presumably have good reason (and the good sense) not to.
07-30-2012 , 09:48 PM
How did this thread miss this gem?????

howard lederer ‏@HowardFLederer
Expect big news from PS today. FT back in business. They are also changing logo from red to purple and hiring @pokerkat as PR rep.
07-30-2012 , 09:49 PM
Quote:
Originally Posted by NxtWrldChamp
How did this thread miss this gem?????

howard lederer ‏@HowardFLederer
Expect big news from PS today. FT back in business. They are also changing logo from red to purple and hiring @pokerkat as PR rep.
lol I saw that too...
07-30-2012 , 09:49 PM
Quote:
Originally Posted by brb22
Isai Scheinberg: My credit good enough to buy you out?
Howard Lederer: Buy me out?
Isai Scheinberg: The hotel, the casino. The Scheinberg Family wants to buy you out.
Howard Lederer: The Scheinberg Family wants to buy me out? No, I buy you out, you don't buy me out.
Isai Scheinberg: Your casino loses money, maybe we can do better.
Howard Lederer: You think I'm skimmin off the top, Isai?
Isa Scheinberi: [Isai shakes his head] You're unlucky.
Howard Lederer: You goddamn billionaires you really make me laugh. I do you a favor and put up half in Sun First when you're having a bad time, and now you're gonna try and push me out!
Isai Scheinberg: Now we're talking business, let's talk business.
Howard Lederer: Yeah, let's talk business, Isai. First of all, you're all done. The Scheinberg Family don't even have that kind of muscle anymore. The DOJ indicted you, right? You're getting chased out of Isle of Man by the feds. What do you think is going on here? You think you can come to my house and take over? I talked to Bernard Tapie - I can make a deal with him, and still keep my casino!
Isai Scheinberg: Is that why Phil Ivey is in hiding boycotting the WSOP and filing lawsuits against you?
Phil Ivey: Aw, now that, that was nothin', Isai. I didn't mean nothin' by that. Yeah, sure he I fly off the handle every once in a while, but me and him, we're good friends, right Howard?
Isai Scheinberg: I leave for Israel tomorrow, think about a price.
Howard Lederer: Sonofabitch! Do you know who I am? I'm Howard Lederer! I made my bones when you were going out with cheerleaders!
Phil Ivey: Wait a minute, Isai, Isai, I got an idea. Howard, you're the CFO and you can talk to the Don (Raymond Bitar), you can explain...
Howard Lederer: Now hold it right there. The Don (Raymond Bitar) is semi-retired and in custody of the SDNY, also facing life imprisonment, I'm in charge of the Family business now. You have anything to say, say it to me.
Phil Ivey: [Howard Lederer leaves] Isai! You do not come to Las Vegas and talk to a man like Howard Lederer like that!
Isai Scheinberg: Phil, you're a degenerate craps player, and I love you. But don't ever take sides with anyone against PokerStars again. Ever.
Epic....



+1000
07-30-2012 , 09:51 PM
Quote:
Originally Posted by NxtWrldChamp
How did this thread miss this gem?????

howard lederer ‏@HowardFLederer
Expect big news from PS today. FT back in business. They are also changing logo from red to purple and hiring @pokerkat as PR rep.
Quote:
Originally Posted by CANUCKEH44
lol I saw that too...
Lol that would appear to be a fake HL account but Kathy retweeted it anyway.
07-30-2012 , 09:57 PM
The inmates are out of control tonight.

      
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