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

[hansolobp]

As long as there are no real news - might it be wise for FTP2 to apply for licenses in both Nevada and California in 2012 even considering that probably there will be no federal online poker legislation in 2012? I am not sure but think I´ve read somewhere that 888 and BWin have already done so "in advance" as legal systems in both states have not been agreed upon as of yet.

[Style129]

Originally Posted by SGT RJ

The next person to call for another posters ban in this thread will earn a temporary ban. For themselves.

I don't know how many times in how many different ways it has to be explained to some of you that continually bickering with another poster because you don't like what he (or she) has to say is inappropriate, derailing, and just downright obnoxious.

Use the ignore function - that's why 2p2 put it there. Not every poster you dislike is a troll, and believe it or not, they have just as much right to post as you do.

So seriously - shut the **** up already. If you can't stick to topics about FTP, you're the ****ing trolls. Expect to get squished if you continue to act like one.

so tempting XD

[Mycology]

Originally Posted by SGT RJ

The next person to call for another posters ban in this thread will earn a temporary ban. For themselves.

I don't know how many times in how many different ways it has to be explained to Mycology that continually bickering with another poster because you don't like what Chinamaniac or Hdemet has to say is inappropriate, derailing, and just downright obnoxious.

Use the ignore function - that's why 2p2 put it there. Not every poster you dislike is a troll, and believe it or not, they have just as much right to post as you do.

So seriously Mycology - shut the **** up already. If you can't stick to topics about FTP, you're the ****ing troll. Expect to get squished if you continue to act like one.

I FYP :-P seriously though, you know I was right ;-) and a temp ban sounds much nicer than the 20 point infraction you gave me :-/

But OK, I wont do it again. Can't use the ignore feature though, as curiosity gets the best of me.

[blackfriday415]

I kno Jeff reads the board.
He's probably not religious about it like some ppl on here.

[blackfriday415]

What are the odds that poker stars sent this guy to buy ftp. And back out after dragging it out for months. Thus crippling its biggest competition

[bbfg]

Originally Posted by blackfriday415

What are the odds that poker stars sent this guy to buy ftp. And back out after dragging it out for months. Thus crippling its biggest competition

zero lol

[AlphaScorpii]

Originally Posted by blackfriday415

What are the odds that poker stars sent this guy to buy ftp. And back out after dragging it out for months. Thus crippling its biggest competition

Why would PS need to send any1 to buy FTP and not just buy it "itself"?

[Stinky Stu]

Originally Posted by blackfriday415

What are the odds that poker stars sent this guy to buy ftp. And back out after dragging it out for months. Thus crippling its biggest competition

Not bloody likely.

[Bene Gesserit]

Originally Posted by bbfg

zero lol

Not much chance nor much need. BF, alderney "regulators", and the sharp business minds of FTP took care of that

[Hairy Chinese Kid]

Originally Posted by Chinamaniac

good opinionated writeup here

http://dandruffpoker.com/fulltilt.html

Thanks for this link. The one thing I really don't understand is how the DoJ would allow people they have indicted just to walk off without any punishment, other than the closure of the business (not sure how to phrase this correctly) through which the (according to the DoJ) illegal activity took place.

Don't those personally indicted only have the scuppering of this deal, and possibly trying to recover ownership of certain bank accounts as collateral? If I was going to be personally indicted I am not sure why I would be in a rush to give up my ownership of FT. Is this a reasonable reading of where the negotiations might be?

[Diamond_Flush]

Originally Posted by Hairy Chinese Kid

Thanks for this link. The one thing I really don't understand is how the DoJ would allow people they have indicted just to walk off without any punishment, other than the closure of the business (not sure how to phrase this correctly) through which the (according to the DoJ) illegal activity took place.

Don't those personally indicted only have the scuppering of this deal, and possibly trying to recover ownership of certain bank accounts as collateral? If I was going to be personally indicted I am not sure why I would be in a rush to give up my ownership of FT. Is this a reasonable reading of where the negotiations might be?

The forfeiture and the resale of the assets to GBT have nothing to do with the indictment against certain individuals. Those ppl still face criminal charges, with or without this sale.
Let's say it this way, the company is already gone really. It is insolvent and cannot recoup on its own. It could either be sold outright (they tried that, much too late, to no avail), forfeit its assets (as we are now watching happen), or hang on for another few weeks and then face bankcruptcy/liquidation (benefits no one).

I don't understand the "collateral" comment tbh, so could you please explain further.
Also, there is no way that a civil forfeiture in this case will ever dismiss the criminal charges against those indicted in the criminal action so I do not see the incentive in refusing to make the deal for that reason. The alternative is to wait and fight it out in court, both civilly and criminally. Each day that passes, the assets are worth less and less, and the costs are more and more. Stalling does not hurt the DOJ, it hurts the players that are out the ~ $350 million. That would not bode well on your resume when its your turn before a judge. JMHO.

[u cnat spel]

Didn't the guy who "called" the deal between the DOJ and GBT 3 hours prior to the news coming out say Dec. 12 would be the date FTP re-opens?

[Hairy Chinese Kid]

Originally Posted by Diamond_Flush

The forfeiture and the resale of the assets to GBT have nothing to do with the indictment against certain individuals. Those ppl still face criminal charges, with or without this sale.
Let's say it this way, the company is already gone really. It is insolvent and cannot recoup on its own. It could either be sold outright (they tried that, much too late, to no avail), forfeit its assets (as we are now watching happen), or hang on for another few weeks and then face bankcruptcy/liquidation (benefits no one).

I don't understand the "collateral" comment tbh, so could you please explain further.
Also, there is no way that a civil forfeiture in this case will ever dismiss the criminal charges against those indicted in the criminal action so I do not see the incentive in refusing to make the deal for that reason. The alternative is to wait and fight it out in court, both civilly and criminally. Each day that passes, the assets are worth less and less, and the costs are more and more. Stalling does not hurt the DOJ, it hurts the players that are out the ~ $350 million. That would not bode well on your resume when its your turn before a judge. JMHO.

Thanks for your reply, I do appreciate it. I assumed the current FTP owners were in negotiations with GBT/DoJ, with GBT effectively facilitating this whole deal. (I guess this is more or less accurate).
As far as I could see the only bargaining chips current FTP owners (particularly those personally indicted) (other than dropping the claim to ownership of these various bank accounts) was agreeing to this particular deal or not.
I think what I failed to understand was that there is no value in current FTP owners not agreeing to the deal. Even if the current offer is one FT can't refuse I guess it still takes a while to dot all the is/cross all the ts etc...

[three_dee]

Originally Posted by AlphaScorpii

Why would PS need to send any1 to buy FTP and not just buy it "itself"?

Better yet, why would PokerStars need to do anything at all? Just let Full Tilt sink into the mud.

[bbfg]

Why are people suddenly so pessimestic? Any other reason than the fact that most of you are impatient as ****? What did you guys expect that we would be playing again next week? That was the best case scenario, it could also be something like March if we're unlucky.