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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

04-26-2012 , 11:13 AM
Quote:
Originally Posted by Professionalpoker
Si.
Sorry but what does "Si" stand for?
04-26-2012 , 11:14 AM
Quote:
Originally Posted by __MoNiEs__
Sorry but what does "Si" stand for?
As in Spanish for 'yes'.
04-26-2012 , 11:16 AM
Quote:
Originally Posted by MinusEV
As in Spanish for 'yes'.
Oh right LOL

Thought there was a deeper underlying meaning going on here.

Just noticed an update to the OP too so I guess they were trying to update information but deleted thread instead.
04-26-2012 , 11:17 AM
actually it means "if" without an accent over the i.
I'm learning spanish!
...in central america
04-26-2012 , 11:17 AM
DF:

Is the GBT deal falling through going to likely delay FTP's coming back or not affect it, if you had to speculate?
04-26-2012 , 11:23 AM
Quote:
Originally Posted by irockhoess
Thanks for your insight/hard work throughout all of this.

Previously I posted that if the deal would go through as speculated under the Pokerstars company, licensing would seem to be a non-issue as they could fall under the umbrella of the licensing of the parent company through the Isle of Mann. Do you think this is accurate?
Yvw.

Hypothetically speaking, if such a deal were to be finalized, there could be several options on how licensing might be accomplished. That's not meant to dance around the question btw, it really is the truth, imo.
04-26-2012 , 11:27 AM
wtf, how is that even legal?!

It like Apple and Microsoft would merge, no way this can happen if antitrust-laws are still alive...
04-26-2012 , 11:27 AM
Quote:
Originally Posted by la6ki
DF:

Is the GBT deal falling through going to likely delay FTP's coming back or not affect it, if you had to speculate?
Well technically I suppose it's already been delayed, since that "deal" could have been completed a long time ago. If you are asking me to speculate on whether a new deal by another party is likely to result in another 6-9 months of delays, my opinion would be, assuming that agreement is finalized, absolutely not.
04-26-2012 , 11:29 AM
Quote:
Originally Posted by syncmaster
Couldn't they just add a Full Tilt "theme" on the stars software, pretty much combining the software into 1? I really hope so, if only to kill the never ending debate on which software is better when its really nothing but opinion anyway.
It wouldn t make sense if they are spending all that money. best to reopen FTP site and run it seperately. In the end, they will have a bigger market share. There are diffeeences between the sites and how they run, and we as players can pick and chose
04-26-2012 , 11:29 AM
Quote:
Originally Posted by joeyrulesall
I wish this thread was gone now. Pain in the ass following 2 threads
Here's a guide on how to cut down your thread reading to a minimum while still keeping up on the updates of nothing happening.

Step 1. Check the Op for updates.

Step 2. Click on Diamond Flush, select 'find more posts' read those. Ignore everything else in the thread.

Optional extra of just scrolling through the pages until you see a green or blue name and stopping to check there as well.
04-26-2012 , 11:32 AM
Quote:
Originally Posted by CaptainRunGood
Exactly.

Microsoft was a monopoly. Comcast and ATT are monopolies (at least in a lot of areas). Pokerstars has a massive share of the market, but that is because people CHOOSE to play there. I don't choose comcast, I use them because it's that or dial up.

If you are unhappy with stars,there are tons of other options available to you.

I don't know what it is so hard for people to understand the difference.
I'd like to see your list of "tons of options" for someone that multi tables and doesn't want to deal with the Party/ipoker/ongame bots.
04-26-2012 , 11:35 AM
Quote:
Originally Posted by kikadell
This might be a silly question, but what happens to the money FTP executives stole? Are the DOJ still going to pursue that money, and if its tracked down what happens to it?
Quote:
Originally Posted by Mondogarage
That's a good question, because one part of this equation that still needs to be answered is a settlement between FTP and DOJ. Seems rather unlikely that the people controlling FTP would agree to any settlement involving sale of assets to PS, without that global settlement also resolving any criminal or civil charges against those individuals.
Mondogarage's post is most likely imo and I had nothing left there when they shut down, but would be the nuts if DOJ still went after it and FTP players ended up with it as penalties and interest for what they've been through.
04-26-2012 , 11:37 AM
Quote:
Originally Posted by brrrap!
I'd like to see your list of "tons of options" for someone that multi tables and doesn't want to deal with the Party/ipoker/ongame bots.
This is your choice to limit the sites that you can play on. It is similar to saying Shell have a monopoly because I don't want to buy fuel from a company that dumps millions of gallons of oil into the sea (BP).

Just because you don't want to play on those sites, doesn't mean that PS is a monopoly
04-26-2012 , 11:38 AM
Quote:
Originally Posted by brrrap!
I'd like to see your list of "tons of options" for someone that multi tables and doesn't want to deal with the Party/ipoker/ongame bots.
What will change after the FTP acquisition? Either way, Stars is your only option.
04-26-2012 , 11:38 AM
Quote:
Originally Posted by D.S.
Here's a guide on how to cut down your thread reading to a minimum while still keeping up on the updates of nothing happening.

Step 1. Check the Op for updates.

Step 2. Click on Diamond Flush, select 'find more posts' read those. Ignore everything else in the thread.

Optional extra of just scrolling through the pages until you see a green or blue name and stopping to check there as well.
04-26-2012 , 11:39 AM
Quote:
Originally Posted by Harlow_Hammer
This is your choice to limit the sites that you can play on. It is similar to saying Shell have a monopoly because I don't want to buy fuel from a company that dumps millions of gallons of oil into the sea (BP).

Just because you don't want to play on those sites, doesn't mean that PS is a monopoly
I didn't say PS is a monopoly?

He said there's a tons of options which is not true and frankly quite a dumb thing to say post black friday.

If you're a multitabler, want good traffic and feel somewhat secure with your money Stars is the only option.
04-26-2012 , 11:41 AM
you gonna make an appearance on QJ"S DF?

Last edited by set4vegas; 04-26-2012 at 11:42 AM. Reason: #ALLCAPSAPRIL FTMFKNWIN
04-26-2012 , 11:42 AM
Quote:
Originally Posted by kikadell
This might be a silly question, but what happens to the money FTP executives stole? Are the DOJ still going to pursue that money, and if its tracked down what happens to it?
Quote:
Originally Posted by Mondogarage
That's a good question, because one part of this equation that still needs to be answered is a settlement between FTP and DOJ. Seems rather unlikely that the people controlling FTP would agree to any settlement involving sale of assets to PS, without that global settlement also resolving any criminal or civil charges against those individuals.
The DOJ is going after it:http://www.justice.gov/usao/nys/pokerstars.html
04-26-2012 , 11:44 AM
I wonder how many interested buyers are in line in case PS negotiations fail. Many people have made the valid case that it is beneficiary for PS to buy FTP and settle with DOJ for $750 mil. I am also thinking that if there aren't any additional interested parties besides GBT that PS could have just tried to sabotage the deal to eliminate the threat of the resurrection of its most feared competitor. If someone is waiting in line right behind PS however, it is more likely that PS is seriously considering buying FTP as opposed to just ensuring that GBT is unsuccessful in acquiring FTP.

So far I think that this ordeal has gotten enough attention that PS would rather have FTP under its umbrella rather than having to worry about someone else stepping into the arena with the FTP brand.
04-26-2012 , 11:44 AM
Quote:
Originally Posted by brrrap!
I didn't say PS is a monopoly?

He said there's a tons of options which is not true and frankly quite a dumb thing to say post black friday.

If you're a multitabler, want good traffic and feel somewhat secure with your money Stars is the only option.
I never said you said it was a monopoly ... The post you quoted was in reference to monopolies.

My point still remains valid. YOU are restricting the sites available by YOUR criteria. There are tons of sites, but you have chosen to not play there.
04-26-2012 , 11:46 AM
Quote:
Originally Posted by kearney
wtf, how is that even legal?!

It like Apple and Microsoft would merge, no way this can happen if antitrust-laws are still alive...

+1

Antitrust laws could be the deal-breaker on this IMO
04-26-2012 , 11:47 AM
Quote:
Originally Posted by PokerXanadu
And...seems to me PS will acquire the accounts receivables of FTP as well (tens of millions owed by pros - maybe $30M total?). And...$330M of the $750M goes to players, which is more money in the poker economy which means more profits for PS. And...lots of that $330M (on the order of $100M is my guess) probably won't be withdrawn immediately - it will stay on site for play, generating rake income for PS or sitting dormant. And...maybe PS will also acquire the right to go after the $128M in phantom deposits.

So, cash price for PS:
$750M
less $30M owed by pros (but call it half - $15M)
less $128M recoverable phantom deposits (but call it less than half - $55M)
less $100M not withdrawn by players (but call it $80M to be conservative)

= $600M

A bargain price to settle the indictments, let alone also own FTP.
The other item thats missing are additional liabilities that would be inherited in particular money owed to affiliates, outstanding accounts payable and player vip points. Is there a working number of how much rakeback affiliates are owed?
04-26-2012 , 11:48 AM
Quote:
Originally Posted by Diamond_Flush
Pretty sure my DNA wouldn't have an effect on what transpires here (very sorry, I just couldn't resist!)

Well hypothetically speaking, the GBT "deal" could have been completed months ago. The reasons that it was not are many, and would likely be just conjecture by me at this time, so I will not post that info here, yet. Its not really important right now in the big picture.
There is no reason to believe that the new buyer would require, or even want, this to be dragged out indefinitely. The same could be said for both DOJ and FTP.
df, this is where i read about you being under a nda(that was you response to the person saying about you being under a nda and other confidential agreements....not at pc so I cannot multi qoute)...A reasonable person wouldve read this had to do with ftp/gbt. If you're not under a nda can you expound?
04-26-2012 , 11:50 AM
Quote:
Originally Posted by Mike Johnson
The other item thats missing are additional liabilities that would be inherited in particular money owed to affiliates, outstanding accounts payable and player vip points. Is there a working number of how much rakeback affiliates are owed?
I think PokerStars could sidestep this a bit by saying we don't work with affiliates.
04-26-2012 , 11:52 AM
Quote:
Originally Posted by NEMplsJW
df, this is where i read about you being under a nda...A reasonable person wouldve read this had to do with ftp/gbt. If you're not under a nda can you expound?
DNA not NDA.

She was making a joke.

      
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