Just wanted to get a feel for what other UK players think about FTP and whether you believe your funds are safe there. I have quite a bit on there and don't know if I should withdraw and see what happens over the next few months. Thoughts?
I'm Irish and used to only play on FTP. I wouldn't put my money on there now though and won't until the players have been paid back and there's evidence that FTP are in a position to support withdrawals going forward.
The future of poker for non-US players has a very large ? over it currently, particularly with the EU Court of Justice ruling recently that it is absolutely fine for countries to basically cut their players off playing internationally and force them to play on country-only poker like .fr and .it.
If the **** hits the fan in a few EU countries, I want to be confident I can withdraw quickly and at the moment, FTP doesn't offer that confidence.
I'm trying to take my money off atm but can only do 2.5k a week, emailed for a limit increase but got some bs back. But getting my money in bank within 2days, hopefully I'll manage.
I think the important things for international players to take from the recent news are:
1. Phil Ivey doesn't think FT is willing/capable of paying out American players anytime soon.
2. Player funds may have been spent on marketing + various other horrors Nick Rainey described
The future of poker for non-US players has a very large ? over it currently, particularly with the EU Court of Justice ruling recently that it is absolutely fine for countries to basically cut their players off playing internationally and force them to play on country-only poker like .fr and .it.
Link(s) to more information on this ruling would be appreciated.
Anyone keeping a substantial amount of money on there now is almost - ALMOST, not quite - as insane as those who kept lots of money on AP/UB imo. Not because they're as crooked as the Cereus crew (although they are shady, just nowhere near as bad), but because there's a 75%+ certainty that after recent events with Ivey the business is going down and/or out. The 25% hope is that some wealthy dude will take a punt and buy them out.
I withdrew most of my roll the day after 'Black Friday' and am keeping only a bare minimum ($400) on there for the time-being. I am doing this because a) I have limited (and diminishing) confidence in FT's financial position/liquidity and b) I am disgusted with their treatment of their American customers. Why take the risk of keeping a decent roll with them? Makes no sense to me...In fact, I even took the precaution of cashing in the millions of FPPs I had on Ft and converting them into tournament tickets which I am now largely playing with. I would recommend anyone with sizeable FPP and Iron Medal holdings to do the same! Again, why risk losing everything for no good reason?
i cashed out my roll today. left 100 bucks in it to maintain the possibilety for ironman halfyear. my last withdrawal since black friday took 3 weeks. i have a healty trustissue now dont know if i will be playing mainly on stars or ongame now.
I requested a cashout from stars (only a few hundred admittedly) on Tuesday and my online bank statement shows it coming through tomorrow, so seems fine there.