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| News, Views, and Gossip For poker news, views, and gossip |
07-31-2012, 12:02 PM
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#61
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journeyman
Join Date: Dec 2009
Posts: 200
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re: PokerStars Acquires Full Tilt Poker Assets, DOJ Agreement Complete
So did PS essentially pay off 1/30th of the US debt?
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07-31-2012, 12:02 PM
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#62
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centurion
Join Date: May 2012
Posts: 139
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re: PokerStars Acquires Full Tilt Poker Assets, DOJ Agreement Complete
Quote:
Originally Posted by rocky1210
$547m per year for 3 years
total 1.6 billion dollars...
Jeez.
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FYP
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07-31-2012, 12:03 PM
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#63
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old hand
Join Date: Dec 2007
Posts: 1,407
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re: PokerStars Acquires Full Tilt Poker Assets, DOJ Agreement Complete
"Furthermore, the agreement explicitly permits PokerStars to apply to relevant U.S. gaming authorities, under both PokerStars and Full Tilt Poker brands, to offer real money online poker when State or Federal governments introduce a framework to regulate such activity."
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07-31-2012, 12:03 PM
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#64
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stranger
Join Date: Jun 2012
Posts: 2
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re: PokerStars Acquires Full Tilt Poker Assets, DOJ Agreement Complete
Appropriate time for my first post. Thanks be to god, it has been a long wait!
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07-31-2012, 12:03 PM
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#65
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grinder
Join Date: Mar 2006
Posts: 564
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re: PokerStars Acquires Full Tilt Poker Assets, DOJ Agreement Complete
Quote:
Originally Posted by homanga
Government can't pay out players any other way, as it is and would be illegal for banks to accept money refunded by PS or any other gambling site. They are using it as a mechanism to pay back US players without breaking existing law.
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Not entirely true, as PokerStars was allowed to pay out directly last year.
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07-31-2012, 12:03 PM
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#66
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centurion
Join Date: Jan 2011
Posts: 139
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re: PokerStars Acquires Full Tilt Poker Assets, DOJ Agreement Complete
ace in the hole
been a rough 15 months, drink it in everyone!
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07-31-2012, 12:04 PM
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#67
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centurion
Join Date: Oct 2006
Posts: 126
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re: PokerStars Acquires Full Tilt Poker Assets, DOJ Agreement Complete
holy balls!
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07-31-2012, 12:04 PM
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#68
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veteran
Join Date: Feb 2005
Location: Not FTP/Stars LDO
Posts: 2,733
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re: PokerStars Acquires Full Tilt Poker Assets, DOJ Agreement Complete
Congratz Everybody!!!
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07-31-2012, 12:04 PM
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#69
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Carpal \'Tunnel
Join Date: Aug 2009
Posts: 9,303
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re: PokerStars Acquires Full Tilt Poker Assets, DOJ Agreement Complete
Quote:
Originally Posted by MrFizzbin2
FYP
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No, it's 500 million over the course of 3 years, not 500 million each year.
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07-31-2012, 12:04 PM
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#70
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newbie
Join Date: Jul 2012
Location: virginia
Posts: 20
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re: PokerStars Acquires Full Tilt Poker Assets, DOJ Agreement Complete
I thought it was more than 150 mill owed to US players. Are the figuring a percentage basis? To pay or is it like bankruptcy where who applies for it than allocate base on amount owed and such?
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07-31-2012, 12:04 PM
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#71
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Carpal \'Tunnel
Join Date: Aug 2006
Posts: 28,041
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re: PokerStars Acquires Full Tilt Poker Assets, DOJ Agreement Complete
POKERSTARSSSSSSSSSSSSSSSSSSSSSSSSSSSS
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07-31-2012, 12:05 PM
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#72
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grinder
Join Date: Jun 2010
Posts: 542
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re: PokerStars Acquires Full Tilt Poker Assets, DOJ Agreement Complete
Quote:
Originally Posted by RMB
Awesome
Furthermore, the agreement explicitly permits PokerStars to apply to relevant U.S. gaming authorities, under both PokerStars and Full Tilt Poker brands, to offer real money online poker when State or Federal governments introduce a framework to regulate such activity.
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winner winner chicken dinner
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07-31-2012, 12:05 PM
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#73
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Carpal \'Tunnel
Join Date: Jun 2005
Location: London
Posts: 12,781
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re: PokerStars Acquires Full Tilt Poker Assets, DOJ Agreement Complete
Quote:
Originally Posted by superior_45
I thought it was more than 150 mill owed to US players. Are the figuring a percentage basis? To pay or is it like bankruptcy where who applies for it than allocate base on amount owed and such?
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I think that a figure in that ballpark has always been quoted. I though it was 120m.
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07-31-2012, 12:05 PM
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#74
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Carpal \'Tunnel
Join Date: Aug 2009
Posts: 9,303
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re: PokerStars Acquires Full Tilt Poker Assets, DOJ Agreement Complete
Quote:
Originally Posted by aqb
So did PS essentially pay off 1/30 000th of the US debt?
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FYP, I think you made a misscalculation.
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07-31-2012, 12:05 PM
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#75
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Pooh-Bah
Join Date: Mar 2008
Location: Canterbury
Posts: 4,035
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re: PokerStars Acquires Full Tilt Poker Assets, DOJ Agreement Complete
Bazinga!!!!
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