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Big News: PokerStars Purchases FTP(?) Cliffs in OP Last update 4/24 1:02PM PT Big News: PokerStars Purchases FTP(?) Cliffs in OP Last update 4/24 1:02PM PT

04-25-2012 , 11:06 AM
I dont understand all this talk about pokerstars re entering the U.S. market. We got everybody from gaming fighting over the U.S. market as it is, the state lotteries, the tribes, the vegas casinos, doesnt make any sense after all the hearings that we will just allow all that money to go offshore again. The UIGEA is still in place, they cant just pay this fine and start breaking the same law again. Maybe people mean some day down the road if things are ever legal again here that they will be able to re enter? That I doubt as well, with all this fighting for the biggest piece I cant see us just saying forget it and giving it to pokerstars.
04-25-2012 , 11:10 AM
What about Diamond Flush? She was adamant that the deal with gbt was going through and we all had to be patient. It goes to show you that you cannot believe anyone, especially those who supposedly have all of these connections and inside information. I'M not picking on DF, just proving a point.
04-25-2012 , 11:11 AM
Quote:
Originally Posted by NEMplsJW
What about Diamond Flush? She was adimant that the deal with gbt was going through and we all had to be patient. It goes to show you that you cannot believe anyone, especially those who supposedly have all of these connections and inside information. I'M not picking on DF, just proving a point.
So true.
04-25-2012 , 11:11 AM
So does this mean that Howard Lederer and Chris Ferguson can live happily ever after with their $50 + million each?
04-25-2012 , 11:12 AM
Quote:
Originally Posted by tiksum
This post of pokerfuse looks pretty good for deal done.

http://pokerfuse.com/news/law-and-re...ions-with-doj/
Quote:
Questions remain over the specifics of the agreement, and what steps remain until its completion. Statements can be expected once all parties have finalized the deal.

PokerStars has confirmed that settlement talks with the US Department of Justice are ongoing, but could not confirm or deny reports that parties have come to an agreement in principle that would involve the purchase of Full Tilt Poker.
blah blah blah

sounds very familiar
04-25-2012 , 11:14 AM
Lederer and Ferguson at this year's WSOP as sponsored PokerStars pros.

Nice.
04-25-2012 , 11:16 AM
I remember reading an article on pokerfuse that the deal with GBT was done like 4 months ago ...
Srsly all these sites do know ****, just wait for pokerstars or something to confirm it and not some random chilipokerceo.
04-25-2012 , 11:17 AM
who is op anyway?...he/she joined April 2012 and this is the first post they made and everyone runs with it.
04-25-2012 , 11:17 AM
Quote:
Originally Posted by ryukenrock
I dont understand all this talk about pokerstars re entering the U.S. market. We got everybody from gaming fighting over the U.S. market as it is, the state lotteries, the tribes, the vegas casinos, doesnt make any sense after all the hearings that we will just allow all that money to go offshore again.
So in other words, we won't allow American pros to bring in any foreign capital either...because protectionism is just a big economic circle jerk. Believe me, some of those rich guys have to know that. There's a huge market outside the USA that can be tapped by them, but only if they allow our market to be tapped by outsiders too. Free trade debates ended last century for most economists. If Krugman and Austrians agree on something, it's pretty much settled economics...unless you're still into the Labor Theory of Value (lol). Protectionism (usually called balancxed trade, reciprocal trade, or fair trade these days) is a political debate, not so much an economic one.

And lol@federal lottery monopolies. An international lottery is as inevitable as a interState lottery was a few years ago when they had a huge debate over each State's lotteries competing with the Mega Millions.
04-25-2012 , 11:17 AM
Quote:
Originally Posted by never forgive
Lederer and Ferguson at this year's WSOP as sponsored PokerStars pros.

Nice.
Hopefully Raef Furst wins the main event after all you guys have put him through.
04-25-2012 , 11:19 AM
Quote:
Originally Posted by Mr. Wu
who is op anyway?...he/she joined April 2012 and this is the first post they made and everyone runs with it.
obv didn't want to post on their main account
04-25-2012 , 11:24 AM
Quote:
Originally Posted by Rob999
Hopefully Raef Furst wins the main event after all you guys have put him through.
After all we put him through? **** anyone associated with Team FTP and took revenue sharing when there wasn't any. FU too!
04-25-2012 , 11:24 AM
Quote:
Originally Posted by NEMplsJW
What about Diamond Flush? She was adamant that the deal with gbt was going through and we all had to be patient. It goes to show you that you cannot believe anyone, especially those who supposedly have all of these connections and inside information. I'M not picking on DF, just proving a point.
I don't thinks she said that.
04-25-2012 , 11:24 AM
Quote:
Originally Posted by Gankstar
Question: If this deal gets the civil charges against them dropped, doesn't that make them just as eligible as any other company for re-entry into the U.S. market? I mean, no conviction/plea bargain would mean no ineligibility, right?

Or have they already plead out to some of these charges? I know some people did, but was that anyone in an official capacity with these sites?
When they reduced Campos charges to a misdemeanor they also made him sign an agreement never to work in the U.S. banking industry, and the judge still thought they (DOJ) was letting him off too easily, I'd have to think Scheinberg would have to at least pledge to stay out of the U.S. gaming industry.

Even were Scheinberg to step down like Deeb suggested, whether Stars gets a license would be up to the state gambling commission to which they apply (or federal commission if one is ever created), and having operated unlawfully for 5 years won't look good on their application.
04-25-2012 , 11:25 AM
Quote:
Originally Posted by KingKongGrinder
After all we put him through? **** anyone associated with Team FTP and took revenue sharing when there wasn't any. FU too!
HAHA...just kidding.
04-25-2012 , 11:26 AM
Quote:
Originally Posted by Rob999
Hope Raef Furst goes to prison hopefully like his buddies after all he put us through.
FYP...
04-25-2012 , 11:28 AM
Can't wait to hear an official press announcement from PS just to make it official. This is great news, I am actually excited.

PS definitely unloaded buying out FTP, wasn't their bid 4x more than Tapies?
04-25-2012 , 11:31 AM
So I assume we will have to wait till "next week" for some more news???
04-25-2012 , 11:32 AM
don't get your hopes up yet.
04-25-2012 , 11:35 AM
Quote:
Originally Posted by tamiller866
When they reduced Campos charges to a misdemeanor they also made him sign an agreement never to work in the U.S. banking industry, and the judge still thought they (DOJ) was letting him off too easily, I'd have to think Scheinberg would have to at least pledge to stay out of the U.S. gaming industry.

Even were Scheinberg to step down like Deeb suggested, whether Stars gets a license would be up to the state gambling commission to which they apply (or federal commission if one is ever created), and having operated unlawfully for 5 years won't look good on their application.
I agree...but what I'm asking is: How can they say "you operated unlawfully for 5 years" if in fact charges get dropped in the deal, not plead guilty to (even lesser charges)? Or if in fact those who plead out plead to charges that pertain to them, not the company?

I'm probably just asking a silly question...but this whole thing is fairly confusing to me as a non-lawyer.
04-25-2012 , 11:36 AM
Quote:
Originally Posted by Mr. Wu
who is op anyway?...he/she joined April 2012 and this is the first post they made and everyone runs with it.
Who are you with your 7 posts since June 2011? NoahSD deleted this thread, then re opened it when he recieved suggestions that the story might have news. OP may have started it, but no one is denying it, so let us speculate until it is proven unspeculatable.
04-25-2012 , 11:36 AM
Quote:
Originally Posted by andyg2001
I don't thinks she said that.
Pretty sure she did. I will have to look once im at a pc.
04-25-2012 , 11:37 AM
Quote:
Originally Posted by Gunth0807

What right does the Government have to take global player base money?
We have absolutely no idea which funds they confiscated. DOJ could have confiscated funds on their way to US players, not ROW for all we know.

Quote:
Originally Posted by SleepyLaBeef
No chance.

To put it in perspective, companies that develop high end iPhone and iPad applications routinely burn through 100K in a month. We are talking about something an order of magnitude more complex, with off the charts security specifications.

Top notch design and programming, especially the kind that deals with huge amounts of non-stop traffic, run into the 7 figures very quickly.
Absolutely. You also have to benchmark test on millions of dollars of server hardware. Some people have absolutely no idea what it takes.


Quote:
Originally Posted by insidemanpoker
The sheer ignorance of economics in this thread is painful. A 'monopoly' in online poker is about the least threatening thing ever. It is basically impossible to screw over customers and have a good business when someone can do it better than you and take your pie. Keep pumping the fear machine though!

Stars became number 1 by offering the best games, tournies, rake, software, and CS. If any of those change dramatically, they will lose market share. Simple, really.
Exactly. This is like saying Apple has a monopoly over the tablet and Mp3 player industries. They have a dominant market share. They aren't the same thing people.

Please, PLEASE stop with the monopoly talk.

Last edited by gimmepilotwings; 04-25-2012 at 12:00 PM.
04-25-2012 , 11:39 AM
Quote:
Originally Posted by Gankstar
So in other words, we won't allow American pros to bring in any foreign capital either...because protectionism is just a big economic circle jerk. Believe me, some of those rich guys have to know that. There's a huge market outside the USA that can be tapped by them, but only if they allow our market to be tapped by outsiders too.
Maybe I overestimate how well FTP/PS would do in a US/ROW.
04-25-2012 , 11:41 AM
Did anybody else notice that Pokerstars is now touting their own version of Rush poker called Zoom poker?

I am intrigued...

      
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