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| News, Views, and Gossip For poker news, views, and gossip |
08-05-2012, 03:41 PM
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#361
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adept
Join Date: Apr 2011
Posts: 706
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Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?
Quote:
Originally Posted by tamiller866
The initial cost is only $225M, only about double what Spain reported asked for back taxes, they will have to fund ROW accounts in 90 days ($184M) but they will likely rake $50M off that, and who knows how many new deposits they gain from goodwill alone, plus the almost cult-like following for FTP software.
By the time they need to make their next installment payment, they seem to expect to be operating in the US, be it in a few States or Federally, and if their newly acquired patent on fast fold poker is approved, any casino wanting to offer slot-machine style i-poker kiosks will likely end up paying them licensing fees whether they use PS/FTP software or not.
Makes me almost feel bad for GBT.
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Not me. They should have ponied up the money and paid back all the players. They tried to skirt around doing that, so **** 'em.
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08-05-2012, 05:59 PM
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#362
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banned
Join Date: Apr 2011
Location: Omaha Nebraska! Back home!
Posts: 842
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Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?
Havent really been following any threads lately, but isnt it next week we are supposed to hear something as to what US players have to do to get their money?
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08-05-2012, 06:03 PM
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#363
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banned
Join Date: Aug 2012
Posts: 193
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Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?
Quote:
Originally Posted by Huskermoney00
Havent really been following any threads lately, but isnt it next week we are supposed to hear something as to what US players have to do to get their money?
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tuesdays the week mark they gave.
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08-05-2012, 06:05 PM
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#364
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journeyman
Join Date: Nov 2009
Posts: 200
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Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?
when can i play
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08-05-2012, 06:50 PM
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#365
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stranger
Join Date: Sep 2011
Posts: 13
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Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?
Congrats to everyone getting their $$ back. Super happy for everyone, hope the US repayment process goes smoothly.
So, I've just received my temporary residence/study permit in Canada, and will have a new Canadian address this month. Does anyone know if my USA Full Tilt account will be deemed ROW, or USA?
Will FTP allow players like me (US players who moved abroad) to start using their accounts (and funds) as soon as it relaunches?
TY
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08-05-2012, 06:54 PM
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#366
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Pooh-Bah
Join Date: Aug 2005
Location: Jupiter
Posts: 3,815
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Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?
Quote:
Originally Posted by Galaxy SS
Congrats to everyone getting their $$ back. Super happy for everyone, hope the US repayment process goes smoothly.
So, I've just received my temporary residence/study permit in Canada, and will have a new Canadian address this month. Does anyone know if my USA Full Tilt account will be deemed ROW, or USA?
Will FTP allow players like me (US players who moved abroad) to start using their accounts (and funds) as soon as it relaunches?
TY
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it will be deemed US
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08-06-2012, 10:58 AM
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#367
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Pooh-Bah
Join Date: Dec 2003
Location: WWabeD?
Posts: 5,525
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Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?
Quote:
Originally Posted by Galaxy SS
So, I've just received my temporary residence/study permit in Canada, and will have a new Canadian address this month. Does anyone know if my USA Full Tilt account will be deemed ROW, or USA?
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Quote:
Q: I understand that my status as a US or RoW player is based on the address in my Full Tilt account as of June 29, 2011. Is there anything I can do to change that?
A: No.
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08-06-2012, 01:01 PM
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#368
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veteran
Join Date: Mar 2007
Location: In love with Sugar
Posts: 2,227
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Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?
Quote:
Originally Posted by MAY I FEAST
when can i play
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After you eat your vegetables.
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08-06-2012, 02:51 PM
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#369
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Pooh-Bah
Join Date: Aug 2006
Location: Taipei, Taiwan. it ain't China yo!
Posts: 5,549
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Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?
quick question, not that I care or anything but I had a FTP account like 6 years ago where I deposited few hundred dollars and lost. That account was under US address when I came study master program in the US, but I'm Taiwanese citizen. How's doj going to treat my account? Are they going to refund my deposit? or they are going to treat that as foreign acct?
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08-06-2012, 02:56 PM
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#370
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old hand
Join Date: Apr 2011
Location: FINGERS CROSSED
Posts: 1,603
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Quote:
Originally Posted by billybeartku
quick question, not that I care or anything but I had a FTP account like 6 years ago where I deposited few hundred dollars and lost. That account was under US address when I came study master program in the US, but I'm Taiwanese citizen. How's doj going to treat my account? Are they going to refund my deposit? or they are going to treat that as foreign acct?
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Pretty sure you'll have to apply for remission through the US gov't.
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08-06-2012, 03:16 PM
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#371
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Pooh-Bah
Join Date: Dec 2003
Location: WWabeD?
Posts: 5,525
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Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?
Quote:
Originally Posted by billybeartku
quick question, not that I care or anything but I had a FTP account like 6 years ago where I deposited few hundred dollars and lost. That account was under US address when I came study master program in the US, but I'm Taiwanese citizen. How's doj going to treat my account? Are they going to refund my deposit? or they are going to treat that as foreign acct?
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At this point, no one really knows how the DOJ is going to handle accounts and what the procedure/payouts will be like. However, up to this point it is assumed that only balances will be paid back to players. So if you deposited a few hundred dollars and lost it all, you will most likely not see anything in the form of a refund.
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08-06-2012, 03:33 PM
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#372
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Pooh-Bah
Join Date: Jan 2009
Location: NOT ... playing online poker :-/
Posts: 4,916
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Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?
Quote:
Originally Posted by billybeartku
quick question, not that I care or anything but I had a FTP account like 6 years ago where I deposited few hundred dollars and lost. That account was under US address when I came study master program in the US, but I'm Taiwanese citizen. How's doj going to treat my account? Are they going to refund my deposit? or they are going to treat that as foreign acct?
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see two posts above yours.
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08-08-2012, 08:38 PM
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#373
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veteran
Join Date: Dec 2006
Location: Working my way UP to Donk status.
Posts: 2,129
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Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?
Quote:
Originally Posted by Bene Gesserit
You can't be a true gentleman if you only spell words one way, dictionaries or dictionarys be damned or dammed, mursee bowkoo!
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Yoo Arre Sew Rite
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08-08-2012, 08:44 PM
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#374
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veteran
Join Date: Dec 2006
Location: Working my way UP to Donk status.
Posts: 2,129
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Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?
I suppose the BIG QUESTION is...
Will the DOJ (and PS/FTP) just look at your balance as it was on BF, or will they try to figure out which of your deposits had actually cleared, or worse yet, which of the deposits of the people you won money from cleared... (which seems like a ridiculous task, as they would then have to keep tracing it back to see which deposits of the people THEY had won from cleared, etc.)
The only fair way to do it would be to base payouts on the actual balance as it was when they shut down.
(I wouldn't be surprised if they partnered with IRS to withhold taxes and withhold payment if you currently owe the IRS anything).. lets hope they won't have the resources to waste time going into that type of detail.
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08-08-2012, 09:15 PM
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#375
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Pooh-Bah
Join Date: Aug 2005
Location: Jupiter
Posts: 3,815
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Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?
They wouldn t take it to the point of which of the deposits of the people you won money from cleared. That money is gone. But what they could do, is a phanthon depositor who doesn't have the funds on FTP to cover deposits, well, they may check pokerstars and see if they have an account there, possiblity of taking funds from the PS account to cover the short fall at FTP
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