Makes sense. Thank you flush

The DOJ never claimed to be after $3 billion from FTP, and this agreement refers to FTP only. Any and all charges/claims against every other company, entity or individual is still pending litigation.

"FT" just agreed to forfeit every damn thing they have. I doubt that they would agree its lol @ DOJ.

Baby steps, maybe I will get my moneys.

I thought that would be the answer.

hahaaaaaaa great news! ,o' 'o,

as predicted the pozi scheme succedded...no more mention of it and how ftp messed up everybody

BOOOOOOOOM BABY

Who is that exactly?

Howard, Chris, Ray and Rafe

i do admit i havent caught up to date with all the news nor done detailed research but when i read the latest article my thinking is just this.

ftp = broke, alot of shady stuff.
doj gives up pursuing monetary penalties they originally pursued at black friday because ftp is broke due to shady stuff.

stars = paid back players, seemingly working hard to exclude us players/doing things to abide by doj terms.

hard sell, to say that doj can just give ftp a slap on the wrist in terms of monetary penalties and then go after stars for any significant amount. im not saying they dont want to pursue. but with all this out in the public how can pokerstars be penalized by any amount more than say 100 million or whatever. hence, my statement of lol doj and their original attempt at 3 billion combined.

my thinking incorrect or correct?

I wish I could get excited, I have lots of money stuck on FTP. I just don't see how US players will be made whole. If we are not made whole, will the classaction lawsuits still be in effect? Even though I have mid 5 figures on the site, I just can't get excited about getting less than 100%.

We are all hoping that 100% is what will happen. Afaik, both GBT and FTP have lobbied DOJ in the past for that to happen as well. TBH, once the DOJ agrees to make payment to US players, they should have no problem making that 100% instead of another percentage, if its possible.

I just cannot report on that until I am sure.

Is this great news for just Americans or other people too?

Surreal. I honestly can't believe I'm looking at possibly, dare I say likely, getting my money back.

Does anyone think that the DOJ negotiating with GBT helps the thought the process of online poker being legal in the US at all?

Not to be rude, but in what world is taking every single thing one owns, every $, every computer, every piece of intellectual property, software, every damn paper clip, etc etc, amount to a slap on the wrist?

Stars still faces the same charges against their company as before, so does AP/UB. I am pretty sure that if they wanted to give up everything, like FTP did, the DOJ would dismiss against them as well. We all know that isnt going to happen, but make no mistake, this was no slap on the wrist.

This opens up so many questions though. How will they differentiate between US and rest of the world players? Many RoW players, including myself, had our FTP account listed as the US but had not logged in from the states for years. How will non-monetary account values be dealt with? In my case I had about $5k cash, but another $3k in points, medals and bonuses.

This puts, imo, GBT one step closer to launching the new company sir. If you are ROW, you should be very happy.

The DOJ has nothing to do with drafting new legislation. That said, I am sure that GBT will be interested in the US market if and when legislation here permits it. It just has nothing to do with the DOJ at this point in time, other than the caveat, I am sure, that when GBT buys the assets, that they agree not to try to enter the US market until it is legal to do so.

Irrelevant, the guideline for the DOJ when setting the amount of the fine against an illegal business is that it be sufficient to render the company insolvent, FTP was already insolvent, so the fine might as well have been one dollar.

Unfortunately for people in your situation, I think these will be the last questions to be answered. The good news is, things are moving in the right direction.

I have no idea how points/medals/bonuses etc will be handled, for US or ROW.
There are a lot of particulars to be yet determined, I am sure.
One step at a time

You are clearly the king of quoting people out of context.

Obviously nobody said anything about a 5X rollover, as I made it up based on the fact that GBT made phone calls asking if players would take a % of their balance for an early payout.

here is my quote

How is that NOT obvious that I am not suggesting this is indeed the case but of course the great Diamond flush suggests its some exact fact that I am quoting........ good grief.

You are either agenda driven or naive in the extreme.

My point is...... will players be able to withdraw THEIR balances without any kind of penalty or roll over?

Lets wait and see on that point.........

As for FTP........ you are right......... they have been amazingly fast...... their lawyers have been incredible....... what an amazing ethical organisation.

If only every company ran like FTP the world would be better place.

Why was there such a long hold up trying to find the right investor to take this deal? Why did GBT work out better than those "8 foreign investors"?

So now after the DOJ and GBT sign over the assests is the next step, then they will figure out the mess with paying the US players back correct? Do you think that the DOJ/GBT are working on this as we speak or do you think that they will take a week off and then go back to discussions or what?