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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 , 02:29 PM
Picked up by WSJ:

PokerStars In Talks To Buy Full Tilt Poker - WSJ.com http://t.co/nr7HodZD
04-25-2012 , 02:29 PM
Seeing as PS is prob the only trustworthy site out there I don't understand how this couldn't be good if true. You get FTP software with PS support. Sounds like best of both worlds too me.
04-25-2012 , 02:32 PM
Quote:
Originally Posted by shpanko
Statements like this aren't exactly convincing anyone. Show me proof and give solid examples
Her words are there for you to read. Read them or don't.
04-25-2012 , 02:34 PM
Sick and tired of people posting links and info on page 185 that was posted at page ZzZzZz
04-25-2012 , 02:35 PM
Quote:
Originally Posted by NEMplsJW
Her words are there for you to read. Read them or don't.
If you are not going to provide any proof or examples of her "misleading us" then just stop posting. You can't just go around wildly attacking people's integrity without backing up your claims.
04-25-2012 , 02:36 PM
Quote:
Originally Posted by FDSaussure
The fact that PS brand is golden doesn't change the fact that the FTP brand still has supplementary value, especially if the US market opens up again.
The FTP brand has far more value to an entity that does not already operate a poker site, however. Any FTP brand value to PS is really only incremental, and yet, PS trying to unlock that incremental value would be counterbalanced by factors such as, the fact that PS does not have 27% rakeback, and isn't going to want to deal with the splashback of trying to operate FTP without its previous generous rakeback. (And, get real, there is even less a chance that PS actually operates FTP with 27% rakeback.)

The real value to PS in owning FTP, aside from the DOJ-settlement issues, which probably outweigh any actual tangible benefit of FTP itself, lie in the intellectual property, and in the prevention of anyone else being able to attempt to rebuild and exploit the FTP brand.

The licenses are worthless because there aren't any. The market share is worthless, because FTP has exactly 0% market share in the last year. While the reputation of "FTP steals funds from its players" can certainly be overcome, that would cost PS a lot of money in terms of promotions and benefits to overcome, whereas no one has ever accused PS of stealing from players accounts, and thus, there is no need to rebuild the most basic reputation of that brand.


Quote:
Originally Posted by FDSaussure
Consumers aren't rational, especially in the gambling market
Truer words never spoken. Is Russ Hamilton were put back in charge of UB/AP today, and it opened up in the US, every degen on these shores would deposit and play Russ HSNL.

Quote:
Originally Posted by FDSaussure
, and so having two powerful brands mgiht end up being a very good idea..
It could. Having THE most powerful brand, and eliminating the potential 2nd or 3rd most powerful brand, might end up being a far better idea.

Look, I'm not trying to suggest that anyone at PS has actually made that decision. We all know a deal hasn't even been closed, the matter is not settled, etc., etc. But there are an awful lot of sound business reasons why not bringing the FTP site and brand back online, and really, very few why bringing it back makes solid business sense to PS.

With any other buyer, that equation becomes very different, indeed.
04-25-2012 , 02:38 PM
Quote:
Originally Posted by Bene Gesserit
To be fair I think just about everyone, including GBT ,thought the deal was strong. Think PS snuck up on Tapie and showed the DOJ it's muscles (bank statements) and everything changed nearly overnight. Wow what a ride
Not quite. A lot of us, even some of those who thought the GBT would eventually be completed, also thought the deal was not strong.

GBT failed epically by not managing to close the deal prior to losing exclusive negotiation rights, because they knew their actual deal terms were extremely unpalatable to a DOJ actually interested in recovering funds for players.
04-25-2012 , 02:41 PM
Quote:
Originally Posted by Bene Gesserit
To be fair I think just about everyone, including GBT ,thought the deal was strong. Think PS snuck up on Tapie and showed the DOJ it's muscles (bank statements) and everything changed nearly overnight. Wow what a ride
Sums it up nicely.
04-25-2012 , 02:42 PM
Quote:
Originally Posted by NthingToLose
Correct,

however since both are settling with the DoJ both sites will be able to re-enter U.S. markets upon regulation.
So awesome.....how long will it take is a whole other matter.

I would wait a year or 2 and be happy just knowing online poker will eventually be legal in the US.
04-25-2012 , 02:42 PM
Quote:
Originally Posted by shpanko
If you are not going to provide any proof or examples of her "misleading us" then just stop posting. You can't just go around wildly attacking people's integrity without backing up your claims.
DF has done an outstanding job and I applaud her efforts.
04-25-2012 , 02:45 PM
Whats better than a license to print money? 2 license's to print money and if PS buys FTP that's exactly what they will have. They should def operate both sites and not just shut ftp down.
04-25-2012 , 02:45 PM
pokerstars would be denying by now if it werent true, bad pub if this hits the fan right?
04-25-2012 , 02:46 PM
Quote:
Originally Posted by Aimstaren
Sick and tired of people posting links and info on page 185 that was posted at page ZzZzZz
+1

If your not prepared to read the thread then don't ****ing post links that have been posted a million times already.
04-25-2012 , 02:47 PM
Only just heard the big news. Can someone tell me how positive this news is for a ROW player waiting for his funds?!

Since I basically thought GBT was going through with the relaunch of ftp and even opened a company in Malta and Pocketkings is/was hiring in Ireland again. I thought chances of getting paid were getting close to 100%. How does this news fit into that perspective?
04-25-2012 , 02:49 PM
Quote:
Originally Posted by dr spaceman
pokerstars would be denying by now if it werent true, bad pub if this hits the fan right?
Pretty much this
04-25-2012 , 02:50 PM
Quote:
Originally Posted by BigStack Husker
Whats better than a license to print money? 2 license's to print money and if PS buys FTP that's exactly what they will have. They should def operate both sites and not just shut ftp down.
And yet, one license to print money is much cheaper, when the other license would cost you 27% in rakeback payments.
04-25-2012 , 02:50 PM
With a successful resolution between DOJ and PS there is nothing preventing PS/FT from re-entering the US market. In fact it's better because of the DOJ ruling on the wire act. The only issues they would have would be with states that expressly forbid it and financial transactions covered under the UIGEA. Now I don't believe that the DOJ would not include some sort of agreement that would prevent this from happening as part of the deal. But I'm just saying if they don't then it's a very good investment.
04-25-2012 , 02:50 PM
Quote:
Originally Posted by shpanko
If you are not going to provide any proof or examples of her "misleading us" then just stop posting. You can't just go around wildly attacking people's integrity without backing up your claims.
If you're too lazy to look through her posts thats your problem. Everything shes said or eluded to turned out false...What other proof do you need?
04-25-2012 , 02:53 PM
Quote:
Originally Posted by Shobun
ok, I might be asking the most stupid question ever but what's in it for stars? 750 mil for what exactly?
Quote:
Originally Posted by 3nigm4
A way into the US Markets I'm assuming. That has to be part of their discussions with DOJ
NOT This.

Quote:
Originally Posted by thebearcave
Not going to Jail?
THIS.
04-25-2012 , 02:53 PM
Quote:
Originally Posted by zoomie123
With a successful resolution between DOJ and PS there is nothing preventing PS/FT from re-entering the US market. In fact it's better because of the DOJ ruling on the wire act. The only issues they would have would be with states that expressly forbid it and financial transactions covered under the UIGEA. Now I don't believe that the DOJ would not include some sort of agreement that would prevent this from happening as part of the deal. But I'm just saying if they don't then it's a very good investment.
You make that sound like it's no big whoop...

Neither site is coming back as long as UIGEA is law of the land. More to the point, the banks ain't processing transactions to fund accounts as long as UIGEA is the law of the land. Citibank could care less whether PS and DOJ sign a settlement agreement or not.
04-25-2012 , 02:54 PM
Quote:
Originally Posted by NEMplsJW
If you're too lazy to look through her posts thats your problem. Everything shes said or eluded to turned out false...What other proof do you need?
Sword cuts both ways. Your blanket statement saying everything she's said has turned out false was not backed up with specific examples of what was false. So basically there is zero credibility with your claim.

Also, are you ungrateful for people like her trying to bring the truth to light?
04-25-2012 , 02:58 PM
Quote:
Originally Posted by Elglado
Only just heard the big news. Can someone tell me how positive this news is for a ROW player waiting for his funds?!

Since I basically thought GBT was going through with the relaunch of ftp and even opened a company in Malta and Pocketkings is/was hiring in Ireland again. I thought chances of getting paid were getting close to 100%. How does this news fit into that perspective?
www.diamondflushpoker.com to see what your chances of getting paid were. (Cliffs: Depends on how much you had on there; over 10k and you were basically only getting $100 with a 10 K + play through bonus.)

If Pstars deal goes through, be VERY glad GBT didn't ahppen.
04-25-2012 , 03:00 PM
Quote:
Originally Posted by Mondogarage
You make that sound like it's no big whoop...

Neither site is coming back as long as UIGEA is law of the land. More to the point, the banks ain't processing transactions to fund accounts as long as UIGEA is the law of the land. Citibank could care less whether PS and DOJ sign a settlement agreement or not.
Thought UIGEA got it's teeth from the wire act (what is unlawful gambling). That would be sports betting.
04-25-2012 , 03:01 PM
Quote:
Originally Posted by NEMplsJW
If you're too lazy to look through her posts thats your problem. Everything shes said or eluded to turned out false...What other proof do you need?
I have read every DF post in this thread and in the FTP containment thread. Her posts and articles have always been spot on as far as I can tell. Right now the onus is on you to prove that she has been "misleading us" as you are attacking her integrity. So post some proof or stfu and stop trolling.
04-25-2012 , 03:02 PM
Quote:
Originally Posted by Mondogarage
Not quite. A lot of us, even some of those who thought the GBT would eventually be completed, also thought the deal was not strong.

GBT failed epically by not managing to close the deal prior to losing exclusive negotiation rights, because they knew their actual deal terms were extremely unpalatable to a DOJ actually interested in recovering funds for players.
OK how about this. Maybe many of us thought the deal was "very likely to go ahead" because it seemed to be the only real offer on the table. I follow this thread closely and very few if any folks were talking about a late game power play by PS, do you think GBT or the DOJ or anyone expected this kind of move? I sure don't know myself!

      
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