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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 , 06:17 PM
Quote:
Originally Posted by SneakySteve
I'd take the Full Tilt Poker software any day against the software of PokerStars.

Anyone with me?
absolutely. The software of PokerStars is incredibly tilting, while the Full Tilt Poker software is both amazing and magical. FTP software
04-25-2012 , 06:17 PM
Quote:
Originally Posted by Land Of The Free?
Yes there are records, you'll probably have to pay back those phantom deposits whether or not you intend to play there again.

Not an Econ major but if a PS inherit FTP's debts it would make sense that they also inherit what FTP is owed.
I can't see Stars going after people for the phantom deposits outside of deducting as much as possible or applicable out of FTP accounts that owe money. It's not like players were writing NSF checks -- although some took advantage of the knowledge that they weren't being processed. It was the business' lack of ability to collect. At what point do those echeck limitations expire?

If I write you a check for a product from your store and you don't cash it, you can't come after me a year later when the check has expired. It's your own fault.
04-25-2012 , 06:18 PM
Quote:
Originally Posted by tannenj
this post is beyond absurd. prohibition creating criminality can't be "wrong." it's not a theory, it's simple cause and effect; one thing creates the other. prohibiting an activity isn't going to eliminate the activity. instead, it's going to shift control of the activity from businessmen to business-minded criminals. that's a huge part of the reason prohibition is always a terrible idea.

suggesting that FTP was never profitable is laughable. FTP always received good traffic. there's no way that their "spending" (what spending? hosting costs? FTPDoug's salary?) stacked up to their profit. a highly-trafficked online poker site takes in hundreds of millions of dollars per year via rake. as of 2010, it was estimated that pokerstars was raking over a billion dollars a year. a billion dollars! and that's risk-free. FTP was never as big as pokerstars, but lol at the idea that they were struggling to show a profit due to "spending."

under free market conditions, highly-trafficked poker sites such as FTP don't struggle to make money. the opposite is the case: they're about as close as a company can get to printing money.


You are wrong about everything.
04-25-2012 , 06:22 PM
Quote:
Originally Posted by jaakkang
Bodog just had a long vlog about theri recreational player model and the benefits of it. SOunds really stupid to mee and imo it refelcts in Pokerscout also.
With the revelation that 94.9% of FTP players held only ~10% of the total amount of deposits, less than $100 in their accounts, I find myself questioning Bodog's model from a business standpoint. It seems that even though there are far fewer players with significant balances, that they generate far more rake (through higher stakes/more frequent play) than these <$100 account balance recreational players. Why wouldn't they be most concerned with the regs? Maybe Bodog is just stupid...
04-25-2012 , 06:23 PM
Quote:
Originally Posted by TBadr
I am in the camp for combining player pools but I could see why some would want to keep them separate based on softness of competition. I used to grind the midstakes 45m MTSNGs on FTP and it was basically a money printing machine
Meanwhile on PS most SNG's are reg infested.
this is so true plus most of the regs in the $75s couldnt/didnt adjust to no antes. And the $26s were a joke.
04-25-2012 , 06:24 PM
Quote:
Originally Posted by TheGunslinger
Wicked Chops claim they have independently confirmed the deal is going through:

http://wickedchopspoker.com/confirme...ll-tilt-poker/
They've shot their load early in the past

http://wickedchopspoker.com/groupe-b...ll-tilt-poker/
04-25-2012 , 06:24 PM
stop saying the deal is done. If it was done they would ANNOUNCE IT
04-25-2012 , 06:27 PM
Quote:
Originally Posted by TheGunslinger
Wicked Chops claim they have independently confirmed the deal is going through:

http://wickedchopspoker.com/confirme...ll-tilt-poker/
I don't know anything about this site but I find it a little hard to take their 'confirmation' seriously, when their lead top-of-the-page story under the heading Wicked Chops Poker Insider is titled "Full Tilt Poker Near Relaunching, Latest Developments" - a story about the incorporation of New Full Tilt Limited in Dublin with Laurent Tapie listed as director, and "Confirmed: PokerStars Acquires Full Tilt Poker" is the third story on the page. Duh!

P.S. The Tapie/FT incorporation happened in February!

Last edited by PokerAnnie32; 04-25-2012 at 06:38 PM. Reason: Too many commas...lol
04-25-2012 , 06:28 PM
Quote:
Originally Posted by TBadr
I am in the camp for combining player pools but I could see why some would want to keep them separate based on softness of competition. I used to grind the midstakes 45m MTSNGs on FTP and it was basically a money printing machine
Meanwhile on PS most SNG's are reg infested.

I am skeptical stars would keep FTP seperate long term even if they launched that way. It creates a lot of extra expense. We will see how it plays out but people expecting stars to run FTP seperate and do so like it was run before are guaranteed to be disappointed.
04-25-2012 , 06:28 PM
Quote:
Originally Posted by NoahSD
Why do those of you who prefer Stars and FTP to maintain separate player pools feel that way?
Mainly because most of us will play on both of them. But I think it is in the best interest of everybody to keep both sites the way they used to be with different software, different marketing, slightly different products. In this way they will attract the maximum number of recreational players and of course the professional players will follow them and end up playing on both anyway.

A strategy similar to the one adopted by Gilette when they allowed Braun (company owned by them) to sell razors in USA. (Now they are both owned by PG and whatever.)
04-25-2012 , 06:28 PM
Quote:
Originally Posted by IHaveStrong9
absolutely. The software of PokerStars is incredibly tilting, while the Full Tilt Poker software is both amazing and magical. FTP software
this.
04-25-2012 , 06:28 PM
Quote:
Originally Posted by markksman
You are wrong about everything.
oh
04-25-2012 , 06:29 PM
Quote:
Originally Posted by CGM
respect for being a good mod here, but how about letting this thread just evolve naturally and stop trying to control the pace and flow of content

you have plenty of other threads to lock and edit, so please stop grandstanding and just stay out of the way of this one and let it just run its course organically

you don't need to micro-manage this one bro
of course he does. he probably hasn't been reading these threads lately though, so he doesn't realize that they deteriorate into name-calling, dick-measuring deserts of critical thinking within 24 hours. the other ftp news thread is a disservice to 2p2, brain cells kill themselves in protest when you open it. why would this one be any different?
04-25-2012 , 06:36 PM
FWIW. Anyone claiming the deal is totally done and through is wrong. It's just more of the "done" that GBT's deal was.

That's not to say progress isn't being made, or that the deal isn't conceptually agreed upon. But it isn't 'done' and if it was 'done' we'd be hearing about it. Both from Stars and from those of us who know people who know these types of things.
04-25-2012 , 06:36 PM
Quote:
Originally Posted by JH1
I can't see Stars going after people for the phantom deposits outside of deducting as much as possible or applicable out of FTP accounts that owe money. It's not like players were writing NSF checks -- although some took advantage of the knowledge that they weren't being processed. It was the business' lack of ability to collect. At what point do those echeck limitations expire?

If I write you a check for a product from your store and you don't cash it, you can't come after me a year later when the check has expired. It's your own fault.
I am not sure that is legally true in the US.
04-25-2012 , 06:39 PM
Quote:
Originally Posted by Mondogarage
Has Heineken had to stop selling any beer to anyone anywhere around the world for the last 12 months?

Right now, PS already has the market pretty clear and doesn't have to compete against themselves, and FTP isn't operating anywhere.

You haven't made any sort of cogent case for why PS would want to change the status quo in that regard.
One idea: maybe to attract poker players who vehemently hated Pokerstars's structure, software, VIP system, etc. and loved those of Full Tilt.
04-25-2012 , 06:41 PM
Quote:
Originally Posted by ZBTHorton
FWIW. Anyone claiming the deal is totally done and through is wrong. It's just more of the "done" that GBT's deal was.

That's not to say progress isn't being made, or that the deal isn't conceptually agreed upon. But it isn't 'done' and if it was 'done' we'd be hearing about it. Both from Stars and from those of us who know people who know these types of things.
I'm sure this has been asked in this monster of a thread, but is there any indication as to how long these discussions between FTP/PS/DoJ have been going on?
04-25-2012 , 06:41 PM
Anyone knows how Tapie calculated 94.9% ? I mean is that 94.9% of FTP's registered players or 94.9% of FTP players with balance on their FTP account?
As we are talking about millions of players, it is very plausible that Tapie's 94.9% is actually less than 50% of the amount owed. Imagine the amount of inactive accounts with less than $1.
04-25-2012 , 06:42 PM
So when the deal is officially done, it seems players will be paid in full within 90 days of that date?
04-25-2012 , 06:42 PM
Quote:
Originally Posted by PK_dubliner
Anyone knows how Tapie calculated 94.9% ? I mean is that 94.9% of FTP's registered players or 94.9% of FTP players with balance on their FTP account?
As we are talking about millions of players, it is very plausible that Tapie's 94.9% is actually less than 50% of the amount owed. Imagine the amount of inactive accounts with less than $1.
Read Diamond Flush's article, she explains this in detail.
04-25-2012 , 06:44 PM
Quote:
Originally Posted by ZBTHorton
FWIW. Anyone claiming the deal is totally done and through is wrong. It's just more of the "done" that GBT's deal was.

That's not to say progress isn't being made, or that the deal isn't conceptually agreed upon. But it isn't 'done' and if it was 'done' we'd be hearing about it. Both from Stars and from those of us who know people who know these types of things.
Plus people need to realize Tapie's second reason for not moving forward being the unknown legality of the DOJ in the US seizing and selling assets not in the US is significant and still very much in play here for Stars. This could be a hurdle that is impossible to overcome as countries all over the world try to get reimbursement for their players.

To me there are as many questions to stars buying FTP as there were with Tapie. Most of the questions are simply different. Given the rumors that stars just started due diligence I think people need to reload on patient pills.
04-25-2012 , 06:44 PM
Pretty awesome how much fail is in this thread, mostly in regards to monopoly discussion.
04-25-2012 , 06:45 PM
Quote:
Originally Posted by ZBTHorton
FWIW. Anyone claiming the deal is totally done and through is wrong. It's just more of the "done" that GBT's deal was.

That's not to say progress isn't being made, or that the deal isn't conceptually agreed upon. But it isn't 'done' and if it was 'done' we'd be hearing about it. Both from Stars and from those of us who know people who know these types of things.
Sorry, ZBT, but I gotta take minor issue with this.

In business transactions, there is only one stage of "done", and that is, in fact, "done". Closing documents fully executed and signed. Letters of intent does not mean "more done". Due diligence being completed does not mean "more done". Being satisfied wrt to transaction price does not mean "more done".

Done is done. Because prior to the actual state of "done", a party may walk away from the deal (sometimes with penalties, of course). Anything up to that point is no more than "negotiation".

Probably semantics, but it's actually a very important distinction. That seems to matter around here, since so many are just assuming ZOMG PS/FTP will be up in a matter of days, or something. Mostly the same people who thought ZOMG GBT/FTP will be up in a matter of days...for the last six months.
04-25-2012 , 06:45 PM
Quote:
Originally Posted by Alex_Striker
I'm sure this has been asked in this monster of a thread, but is there any indication as to how long these discussions between FTP/PS/DoJ have been going on?
I was unable to quickly find the exact date, but GBT's exclusivity ended in mid March.

Of course, discussions to buy could have begun after that, and not everybody obeys exclusivity, so they may have started before that as well. But, that's at least some indication I suppose.

To be clear, general discussions between PS and the DOJ have been going on for just over a year now. In the above, I'm referring to discussions specifically related to the possible purchase of FTP.
04-25-2012 , 06:47 PM
Quote:
Originally Posted by Mondogarage
Sorry, ZBT, but I gotta take minor issue with this.

In business transactions, there is only one stage of "done", and that is, in fact, "done". Closing documents fully executed and signed. Letters of intent does not mean "more done". Due diligence being completed does not mean "more done". Being satisfied wrt to transaction price does not mean "more done".

Done is done. Because prior to the actual state of "done", a party may walk away from the deal (sometimes with penalties, of course). Anything up to that point is no more than "negotiation".

Probably semantics, but it's actually a very important distinction. That seems to matter around here, since so many are just assuming ZOMG PS/FTP will be up in a matter of days, or something. Mostly the same people who thought ZOMG GBT/FTP will be up in a matter of days...for the last six months.
How do you feel about "closer to done"? There. That should set things right. YW

      
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