Is everyone in agreement that FTP could (and probably will) open back up for ROW players before DOJ pays Americans? It's not out of the question that FTP reopens in January, and the DOJ doesn't pay us until April, June...... who knows when, right?

I personally don't think repayment of US players via the DOJ will happen anywhere in the near future. Once they get the records from FTP, they have to assign someone (or someones) to check the records vs. filed claims. I'd be very interested to know exactly how many americans had balances on FTP as of April 15, 2011. Obv. the number of claims filed is going to be considerably lower than the number of people who had balances on FT unless the DOJ mails letters/forms to people with their addresses in FTP's records.

Either way, it's a ton of paperwork for the DOJ and they also have to sift through FT records at the same time.

Could go either way.

I don't want to sound rude, and I understand that with owed money being involved people might be a bit "irrational"... But:

Why wouldn't they have access?
The talks are to repay players and I'm guessing they will not randomly credit players accounts - (This has been mentioned a million times)
Again, why wouldn't the DOJ have access?
On what grounds could the FTP deny that data?

Some questions are borderline insane even if you dont follow the news/updates.

I asked WHEN would DOJ have the necessary records. Not IF they would receive them.

DOJ obv has an idea what we are owed and FTP, I'm sure, had to provide them some exact numbers (amt. of US player balances, phantom deposits, etc.). However, the DOJ will need to have all records on hand to process player claims. I'm simply asking if they already have those records and, if not, then when will they have all paperwork on hand necessary to begin processing through player claims.

Dude, how would any of us know that?

Really, everyone just needs to focus on the major milestones (one of which we've just passed) and not get caught up in these sorts of details.

When I see a news release (or get a letter or something) from the DoJ, I'll start worrying about the exact payback process at that point.

You're in the minority, but you're right. Look at how every Full Tilt announcement has been received since April 15th. People **** on them for not saying anything, then they **** on them for saying something. So, some time around June, they stopped.

There's no announcement that will be well-received until the announcement says "your money is ready; here is how to get it." People are upset (understandable) and not behaving rationally.

All of those statements contained blatant lies. Personally I don't care if they release a statement because I wouldn't believe it anyway without confirmation, but to say that they got killed for just saying something is bs. Players deserved truthful, substantive updates from day one. FTP failure to provide that is a disgrace.

I haven't read the thread and im not owed much, but are we getting paid in full?

If everything they said is lies, why continue to demand statements from them? Do you not see the interruption in the logic chain there?

FTP2 may not even need the Orinic Limied suspended cat 1 licence as AGCC have stated they would renew FTP's licence status subject to (now) ROW player funds being in seperate account and new owner checks obv. AGCC will turn that app round nice 'n' quick.
The Spanish licence will only cover Spain...haven't heard whether Euro's will be allowed to play at sites based in Spain.

Err, no court proceedings involved?? You don't need a court to allow you to forfeit a company voluntarily, specially to the DoJ. If you offer me Zynga for $100m, I'll buy in a week...especially if I've had 2 months discussion with you prior.

I think you business sense is showing......doing you think Tapie will hand over $80m and wait a few months before opening the doors? The legal documents are all drafted and agreed - that's what the last ~2 months have been about. FTP/DoJ agreement may take a few weeks (DoJ slow) but is simple in drafting terms ('I the undersigned forfeit my company assets to DoJ'), then they keys handed over to GBT when DoJ receive Tapie's wire. LOL @ April, you'll be losing at the tables before then.

I don't usually sit in the optimistic camp, but I have signed >40 conditional purchase agreements / sales contracts that have been subject to a number of conditions. The paperwork will be drafted as if the deal has already happened, requiring 5 or 6 trigger events for it to go live, the last of two these triggers being DoJ receipt of forfeited company and DoJ receiving GBT payment. It's not like all parties had a brief chat and agreed verbally the basis of a deal that now needs documenting - more like all legal drafted, sent back and forth and formally agreed. And the agreements in place will have a long stop date (a date they formally expire)

I would also bet my left nut that DoJ will wanna move faster now they see the ROW market shrinking - be a right pain if Tapie wanted to lower that purchase price in light of further ROW regulation.

FTP reopen mid Jan 2012 latest (IMO)

Am I the only one who is outraged by this? Let me know if I don't have this straight. The UNITED STATES Department of Justice is arranging it so a French guy can buy FTP, foreigners can soon play on the site, all non US players get their money back and we MAYBE get SOME of our money back? Who is the DOJ looking out for? How about pay us pennies on the dollar with the seized money and everyone else can go pound sand?

Almost. The US invented some daft law years after missing the regulation boat. Rather than just ban their citizens or request that sites hand US player deposits straight to the government, the US government made it illegal for the banks to wire funds. This didn't stop some US players still sending requests to their bank, later payment processors or transferring $$ to their account on the poker site in question.

Next ROW know some foreign government body called DoJ freezes the assets of the company. 6 months prior to this some foreigners managed to phantom deposit $122m and then other foreigners who owed FTP were found to have made off with the rest of the cash ($350m), other than the $160m DoJ confiscated in the 4 years prior.

Now some French bloke is donating $80m to the US player 'fund' in return for the site which also owes $150m to ROW that didn't send or receive money from mainland US, playing legally under their own governments laws.

Yeah, I think it's 'fair' when FTP reopens to ROW and that we get 100%.

Just a shame a French dude had to pay us back.

Well, if the DOJ doesn't help facilitate this deal, then at best maybe...and this is a gigantic maybe, US players get these pennies on the dollar.

I'd say at least in this case American players have a somewhat plausible chance at getting close to $1 on their $1 (though that's certainly not a guarantee). So whatever has a greater chance at getting us a larger portion of our money back I'm all for.

There's been no discussion of partial repayment, AFAIK.

Which means most players can reasonably expect to get paid in full, ignoring what we can hope are reasonable processing/transaction fees.

That said, there are likely to be plenty of special cases. Uncredited deposits, limbo withdrawals, proof of identity, general ****ery. This is still FTP we're talking about.

Am i the only one who feels he got royaly screwed by FT even if we get our money back? I had over 50% of a 30k roll there when it got shut down. I panicked and blew through the other 15k within 4 months after with a failed investment. Ive been dirt broke ever since. In a way I feel we are owed more then our bankrolls. This deal is a great thing and Im all for it but I still want to sue FT for what they did to me. Thank you though GBT. Ill sleep a lil easier tonight knowing this deal is one step closer to being finalized.

Seriously? Maybe you owe FT for keeping you from blowing the entire $30k. They protected you from yourself.

We're owed our bankrolls and maybe our FPP. I'm just hoping we get the money they actually owe us. The fact that you went nuts and blew your remaining roll is your own problem.

It's the DoJ you'll need to sue (assuming you're a US national and the current agreements are signed, sealed and delivered)

FTP didn't force you to listen to Glenn Beck and go all Goldline yo when Euro began tanking...

Congrats to all those who had some measure of faith that DOJ and GBT would get this done.

Why do you say that? All the current news reports that anonymous people have told subject: poker that other anonymous people are working tirelessly to return players' money has made some people giddy with excitement.

Personally I find the current situation: lots of leaks by anonymous people to be odd. Who gains by trying to create a sense of excitement among people? Who gains by having no one know who is leaking stories?

Anonymous Caller: Diamond Flush, please tell everyone that I'm working 24 hours to help them.

Diamond Flush: People will love you for that. The news article is coming out in an hour.

Anonymous Caller: Please don't mention my name.

This makes sense to anyone????

Dude, US players are gonna get stiffed or at most get pennies on the dollar. Are you not paying attention? This entire notion that the US Govt is gonna pay US players back, or that the larcenous scumbags at FTP are gonna pay US players back is pretty damn laughable.

hahah.yeah but hey wouldnt that be a sick miracle 1 outer if it EVER does happen?

all we can do man is just hold on and be patient, its a shame its been 6 ****in months and counting.. i guess my brother wasn't bull****ting when he told me this whole mess can literally take up to a year, i didn't believe him till now.

Not really, but would you prefer the Edwin Kim response: "I have your money but have higher priorities right now"? There really is no response short of payment in full that people whom are owed money would be satisfied by.

I remember when NetTeller said they would have a repayment plan in 75 days, "75 days??? WTF!!!" was the top response, then 75 days later when they announced a plan, "I waited 75 days for a plan?!?!?! Ship the manies!!!!!!!!"

Would GBT reopen as Full Tilt, or under a different brand?