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Old 04-24-2012, 01:55 PM   #1216
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Re: Big News: PokerStars Purchases FTP(?)

Quote:
Originally Posted by jonwies View Post
Inb4 all the busto nerds upvote "BUT WHAT ABOUT THE MONOPOLIES???" and downvote your post because they're mad

P.S. +1 useless post in this thread
there is no reason to fear private sector monopolies.

monopolies are only bad when they are imposed by the government.

for example, if the government only gave one company a licence to run an online poker room... that would be bad because it could rip off the consumer.

but in the case of poker stars... where they gained their monopoly status by offering a better product/service than their competitors and built a good reputation... it's actually good that they have a near monopoly because that means that the bad companies have been weeded out and the consumer will not be ripped off by these other sites that are not run with the same integrity as pokerstars.

Last edited by plowking2010; 04-24-2012 at 02:03 PM.
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Old 04-24-2012, 01:55 PM   #1217
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Re: Big News: PokerStars Purchases FTP(?)

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Originally Posted by LastLife View Post
Casino City Vin@casinocityvinJust talked to a well placed source who thinks the PokerStars-Full Tilt deal is rumor, not reality. I'll keep digging. #GiGSe12
500 followers is not credible do not post this garbage
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Old 04-24-2012, 01:56 PM   #1218
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Re: Big News: PokerStars Purchases FTP(?)

http://www.pokerstars.co.uk/about/ca...wareDevelopers

from pokerfuse twitter

pokerstars software development job - Dublin
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Old 04-24-2012, 01:56 PM   #1219
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Re: Big News: PokerStars Purchases FTP(?)

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Originally Posted by bizzle03 View Post
@igamingpost: POKERSTARS statement coming up soon about the whole FTP purchase..in the mean time..PokerStars purchases FTP STATEMENT http://www.******************/NEWS/archives/8374”

I'm not sure if this actually means Pstars is about to release a statement because:

a) this is the website that got our hopes up about an announcement before
b) They labeled GBT statement re: their failure as "Pokerstars purchases FTP Statement"
I would say screw igamingpost.
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Old 04-24-2012, 01:56 PM   #1220
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Re: Big News: PokerStars Purchases FTP(?)

This is the site to watch imo: Poker Stars Press Releases

Mod note: Nothing actually there ATM.

Last edited by NoahSD; 04-24-2012 at 03:28 PM.
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Old 04-24-2012, 01:57 PM   #1221
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Re: Big News: PokerStars Purchases FTP(?)

Stars hiring a developer in Dublin

http://www.pokerstars.co.uk/about/ca...wareDevelopers
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Old 04-24-2012, 01:57 PM   #1222
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Re: Big News: PokerStars Purchases FTP(?)

My first thoughts on the matter:
1. I am way more comfortable with Stars buying FTP than GBT (a group of convicted criminals).

2. Yeah 750m sounds like way too much right now, but it is a sound investment and will pay for itself in a few years of operation. They just wiped out the relaunch of the closest competitor, and gained +rep like a mofo in the poker community. Nice move for Stars.
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Old 04-24-2012, 01:57 PM   #1223
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Re: Big News: PokerStars Purchases FTP(?)

Meh, I just contacted PS support and asked them if the rumours are true or not
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Old 04-24-2012, 01:58 PM   #1224
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Re: Big News: PokerStars Purchases FTP(?)

on a serious note now, why would the DOJ deny the takeover by GBT on their terms, i.e. paying back 95% immediately and the other high balance players on a fixed date with a 100% certainty. I mean the DOJ cant possibly deny this offer if they would not have had better negotiations with someone else? Because clearly the GBT offer would be better than no deal at all and for me, this would have been just perfectly fine.
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Old 04-24-2012, 01:58 PM   #1225
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Re: Big News: PokerStars Purchases FTP(?)

Quote:
Originally Posted by A MTT PRO View Post
My first thoughts on the matter:
1. I am way more comfortable with Stars buying FTP than GBT (a group of convicted criminals).

2. Yeah 750m sounds like way too much right now, but it is a sound investment and will pay for itself in a few years of operation. They just wiped out the relaunch of the closest competitor, and gained +rep like a mofo in the poker community. Nice move for Stars.
From LastLife in PL:

http://pokerfuse.com/news/poker-room..****es-with-doj/

Quote:
Alex Dreyfus, CEO of Chili Gaming, stated on twitter that PokerStars has paid $750m to acquire Full Tilt and settle its outstanding legal issues with the DOJ. A reported $330m of that price will go to repay Full Tilt account holders with the remainder believed to be in settlement of outstanding charges against PokerStars.
So it's looking like a $420M settlement. That's a bargin, imo, assuming everything is settled. Party paid $300M(and $100m+ from Dikshit?), and they never offered post UIGEA.
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Old 04-24-2012, 01:59 PM   #1226
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Re: Big News: PokerStars Purchases FTP(?)

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Originally Posted by jumboAL View Post
Party cofounder Anurag Dikshit? You must be ****ing joking anus rag dick ****
Quote:
As a point of comparison, PartyGaming (now known as bwin.party) co-founder Anurag Dikshit agreed to a plea deal with the DOJ in 2008 for a total of $300m. In 2009, payment processor Neteller settled for $136m.
That's some fine reading skills sir.
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Old 04-24-2012, 01:59 PM   #1227
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Re: Big News: PokerStars Purchases FTP(?)

I'm just enjoying F5'n while eating my instant noodles!
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Old 04-24-2012, 01:59 PM   #1228
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Re: Big News: PokerStars Purchases FTP(?)

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Originally Posted by MrBump View Post
Meh, I just contacted PS support and asked them if the rumours are true or not
it would be pretty cool if they just randomly confirmed it to some dude who emailed them before releasing the news to the public
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Old 04-24-2012, 02:00 PM   #1229
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Re: Big News: PokerStars Purchases FTP(?)

Amazing, PS buys FT sells to Steve Wynn for ****in profit duhhh,lmao.

Monopoly who gives a damn, the faster everyone gets paid, the faster the DOJ allows online poker in the US, finally we will be able to play our game.
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Old 04-24-2012, 02:00 PM   #1230
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Re: Big News: PokerStars Purchases FTP(?)

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Originally Posted by MrBump View Post
Meh, I just contacted PS support and asked them if the rumours are true or not
Brilliant! They always come through in need.
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