Big News: PokerStars Purchases FTP(?) Cliffs in OP Last update 4/24 1:02PM PT - Page 108 - Poker News

Two Plus Two Forums Poker News & Discussion News, Views, and Gossip

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

Closed Subscribe

...

Page 108 of 159

First

8 58 88 98 103 104 105 106 107 108 109 110 111 112 113 118 128 158

Last

Page 108 of 159

First

8 58 88 98 103 104 105 106 107 108 109 110 111 112 113 118 128 158

Last

04-25-2012 , 12:29 PM

#2676

smbruin22

Carpal \'Tunnel

Join Date: Aug 2005 Posts: 6,306

i've never understood the financial motivation in someone buying FTP (i.e. they won't make money and they'll inherit an immense number of headaches).

but i saw one person suggest pokerstars would do it to get favourable treatment from the US government (favourable for company and/or executives/owners).

that actually makes complete sense (and i'm not being sarcastic). so i'd say on this basis there's an excellent chance it happens.

04-25-2012 , 12:29 PM

#2677

sba9630

Pooh-Bah

Join Date: May 2008 Posts: 4,510

Quote:

Originally Posted by Gankstar

I'm sure this is already linked, but since it's credible news source and I don't feel like looking if it was already posted:

Wall Street Journal: PokerStars In Talks To Buy Full Tilt Poker

Don't have a subscription?...Me either. So I don't know if there is anything new there. Just another source with an affirmative claim a deal is being negotiated.

The person sure has a lot to say for two paragraphs.

Google the name of the article, click on the link, you can read the entire article which contains nothing new.

04-25-2012 , 12:31 PM

#2678

DA TRUF!

adept

Join Date: Feb 2008 Posts: 882

Quote:

Originally Posted by Gankstar

To get around the WSJ paywall, just Google the article title and then click on the Google link

Last edited by DA TRUF!; 04-25-2012 at 12:31 PM. Reason: sba beat me to it

04-25-2012 , 12:35 PM

#2679

smbruin22

Carpal \'Tunnel

Join Date: Aug 2005 Posts: 6,306

i was just going to post wsj article on this subject. here's a quote. you can just put ps and ft into news.google.com and it's the first article that pops up. as someone else mentioned, wsj restricts access to articles on its site, but most articles are available if you google them (bit of a pain, but it's free

)

here's the first paragraph (shows that pokerstars has much different motivation than Tapie):

PokerStars is in negotiations to acquire Full Tilt Poker in a deal that would end the two online poker companies' legal battles with the U.S. Justice Department, according to a person familiar with the matter

04-25-2012 , 12:36 PM

#2680

Huskermoney00

banned

Join Date: Apr 2011 Posts: 841

Seems to be a good soucre https://twitter.com/#!/_tizzle

04-25-2012 , 12:36 PM

#2681

clonbuc

newbie

Join Date: Mar 2011 Posts: 36

Tweet from @elkypoker :
Fini 3e du Super High Roller! Tres content quand meme, main event #EPTGrandFinal. Demain grande nouvelle pour @Poker_StarsFR ! #cantwait

translated : Tomorrow great news for @Poker_StarsFR ! #cantwait

Any link with this FTP story ?

04-25-2012 , 12:36 PM

#2682

smbruin22

Carpal \'Tunnel

Join Date: Aug 2005 Posts: 6,306

Quote:

Originally Posted by sba9630

Google the name of the article, click on the link, you can read the entire article which contains nothing new.

it's the pre-eminent business publication in the world saying its sources say this is real and serious (may not get consumated or completed of course). i think that qualifies as "new"

04-25-2012 , 12:38 PM

#2683

exoendo

Pooh-Bah

Join Date: Mar 2008 Posts: 5,583

Quote:

Originally Posted by Koko the munkey

Can someone please clear something up for me?

- The DOJ clarified that the UIGEA does not apply to online poker, correct?
- Then why can't US players play online poker again? Why did the DOJ seize the pokerstars.com domain a year ago? Why is the DOJ going after every online poker site, every payment processor, every bank that had anything to do with online poker?
- What does "ROW" stand for?

wow you are really out of the loop . . .

04-25-2012 , 12:39 PM

#2684

DrMickHead

veteran

Join Date: Dec 2007 Posts: 2,947

Quote:

Originally Posted by Koko the munkey

No. The DOJ clarified the wire act only applies to sports betting. UIGEA applies to unlawful internet gambling. Whatever is unlawful applies.

Pokerstars can't reenter the US market cause: http://forumserver.twoplustwo.com/57...hread-1158522/

ROW stands for rest of world I believe. Meaning all those places that aren't the US (you know the ones that don't really matter

)

04-25-2012 , 12:42 PM

#2685

Aimstaren

newbie

Join Date: Oct 2009 Posts: 47

If we hypothetically say, that PS buys FTP. Is it possible for them to run both of the softwares under the same license, or would they need a new one for the FTP software?

04-25-2012 , 12:44 PM

#2686

BlochNess Monster

centurion

Join Date: May 2011 Posts: 144

Elky's tweet this morning said there is big news from POkerstars.fr coming soon...

04-25-2012 , 12:44 PM

#2687

Lavahands

banned

Join Date: Apr 2011 Posts: 865

Quote:

Originally Posted by smbruin22

Very misleading. Not very relevant to U.S. operating situation. I don't think.

Quote:

The deal would likely not affect criminal charges pending against the Full Tilt Poker and PokerStars executives not in the U.S., according to the person with knowledge of the matter.

04-25-2012 , 12:47 PM

#2688

Bene Gesserit

Carpal \'Tunnel

Join Date: Jul 2011 Posts: 6,365

Quote:

Originally Posted by jeffreyPL1

That suxx guys. We will have to w8 so long now I guess. You remember how long it took earlier... Even AGCC licence obtainment will take probably more than a month...

Why the hell would PS want to deal with AGCC for anything? They already have a very nice lic. (one that works) as many former USA PS players found out post BF! AGCC just got stiffed too, some justice in that thankfully!

04-25-2012 , 12:48 PM

#2689

Shobun

journeyman

Join Date: Mar 2011 Posts: 399

So Stars isn't allowed back into US market but FTP is?

Stars has 2 clients, how will they be able to hold onto 2 sites that have both done anything so far to compete with each other? So in 6 months we can just say to Steve "hey, you givin' rakeback on FTP, give us some on stars"?

There is so much difference between the two when each and every one of those differences is a landmine, whether it is legalisation, VIP programs, different rake/ rakeback, different game structures, pros contracts etc etc

wtf is stars getting out of this potential mass?

1. buy FTP for 750mil
2. pay back players
3. profit????

04-25-2012 , 12:50 PM

#2690

brrrap!

banned

Join Date: Jul 2011 Posts: 1,096

Quote:

Originally Posted by clonbuc

in before 20 pages of crazy speculation about FullTiltPoker.fr

04-25-2012 , 12:50 PM

#2691

Mr. Wu

stranger

Join Date: Jun 2011 Posts: 13

Quote:

Originally Posted by BlochNess Monster

Elky's tweet this morning said there is big news from POkerstars.fr coming soon...

don't see it

http://twitter.com/#!/elkypoker

04-25-2012 , 12:51 PM

#2692

sba9630

Pooh-Bah

Join Date: May 2008 Posts: 4,510

Quote:

Originally Posted by smbruin22

it's the pre-eminent business publication in the world saying its sources say this is real and serious (may not get consumated or completed of course). i think that qualifies as "new"

Its "sources" are "a person", with quotes such as:

PokerStars executives have been conducting due diligence at Full Tilt's Dublin, Ireland, offices for the last few days, according to the person.

Nowhere in the article are the terms "real", "serious" or anything remotely similar used.

Again, there is nothing new in that article.

04-25-2012 , 12:52 PM

#2693

Mondogarage

Pooh-Bah

Join Date: Dec 2006 Posts: 4,801

Quote:

Originally Posted by FDSaussure

If Stars buys FTP does that mean they can just subsume it under their existing IOM license without needing a new one?

They're not likely to attempt to do so. If the purchase goes through, most likely scenario is the end of FTP as a brand. Player balances paid off, but the site won't be reopened.

PS is already in all (most?) of the countries FTP was in, when FTP was operating.

04-25-2012 , 12:52 PM

#2694

jeffreyPL1

old hand

Join Date: Apr 2009 Posts: 1,712

Quote:

Originally Posted by Bene Gesserit

So PS doesn`t operate under AGCC license? Sorry, I`m not an expert at all

04-25-2012 , 12:54 PM

#2695

Gankstar

adept

Join Date: Jul 2011 Posts: 1,041

Quote:

Originally Posted by GiantWalleye

im going to set the over under for an official statement for next monday at noon. Its frusterating looking every few hours with no actual update.

04-25-2012 , 12:54 PM

#2696

KingKongGrinder

Pooh-Bah

Join Date: Mar 2009 Posts: 3,598

Oh by the way. **** the French again. I'm back to hating on them. It's now just Fries and Breakfast Toast.

04-25-2012 , 12:55 PM

#2697

LOL POT-ODDS

Pooh-Bah

Join Date: Feb 2012 Posts: 4,064

probably gonna seem off topic but does daniel negreanu actually own any of stars? or is he just the face of the company?

04-25-2012 , 12:55 PM

#2698

kinoute

stranger

Join Date: Apr 2012 Posts: 2

Quote:

Originally Posted by BlochNess Monster

Elky's tweet this morning said there is big news from POkerstars.fr coming soon...

It's Zoom obv

04-25-2012 , 12:58 PM

#2699

FDSaussure

old hand

Join Date: Apr 2006 Posts: 1,242

Quote:

Originally Posted by Mondogarage

How is that the most likely scenario when both OP and other people with "sources" have stated both sites would remain separate and open?

Fish often switch sites when they keep getting "unlucky" on one site. Or just prefer the software etc. There's no good reason to think that they wouldn't maintain FTP as a profit making enterprise.

04-25-2012 , 01:00 PM

#2700

Hood

Carpal \'Tunnel

Join Date: Apr 2004 Posts: 6,895

Quote:

Originally Posted by jeffreyPL1

So PS doesn`t operate under AGCC license? Sorry, I`m not an expert at all

It's primary license is in the Isle of Man. It also has licenses in Malta (for pokerstars.eu) and licenses in regulated markets of France, Italy, Belgium, Estonia, Denmark, and Spain (pending).

Page 108 of 159

First

8 58 88 98 103 104 105 106 107 108 109 110 111 112 113 118 128 158

Last

Closed Thread Subscribe

...

Page 108 of 159

First

8 58 88 98 103 104 105 106 107 108 109 110 111 112 113 118 128 158

Last