Big News: PokerStars Purchases FTP(?) Cliffs in OP Last update 4/24 1:02PM PT - Page 15 - Poker News

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

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Page 15 of 159

First

5 10 11 12 13 14 15 16 17 18 19 20 25 35 65 115

Last

04-24-2012 , 11:07 AM

#351

Tryst_

banned

Join Date: Oct 2010 Posts: 5,093

Quote:

Originally Posted by starvingwriter82

Hold on, e-mailing Pokerstars support about my Black Card.

hehe post reply pls

04-24-2012 , 11:07 AM

#352

PartyGirlUK

Carpal \'Tunnel

Join Date: Nov 2004 Posts: 23,530

Quote:

Originally Posted by TGB

04-24-2012 , 11:07 AM

#353

omnishakira

High Troller

Join Date: Sep 2007 Posts: 9,732

Quote:

Originally Posted by clockworkorange89

Heres to hoping for 100% of our balances and USA reentry into the market. ***Fingers, toes, legs, and everything esle crossed***

even ur D ?

04-24-2012 , 11:07 AM

#354

bballwiz

old hand

Join Date: Oct 2005 Posts: 1,296

I figured this just meant both sites go back up, but rereading the original post in this thread he says Both sites back online which doesn't make sense because pokerstars is already online. Unless it means they are returning to the US online?

04-24-2012 , 11:08 AM

#355

ITRIED2WARNU

'10 HU Forum Champ

Join Date: Jul 2006 Posts: 2,890

Hard to believe with all the recent progress/news/developments. Hoping its true, but in before level.

glgl us!

04-24-2012 , 11:08 AM

#356

aggo

Carpal \'Tunnel

Join Date: Feb 2008 Posts: 10,422

Quote:

Originally Posted by Picasso

this makes a ton of sense now that i think about it. the $750mm includes a settlement with the DOJ and making players whole, dik**** paid $300mm to settle with them, i could easily see this as stars saying "look, we will make all players whole from FT and pay XXX if we can settle the charges against us." while the DOJ cant guarantee them access to US markets, they can make the settlement favorable enough so that it greatly increases the chances of them entering, and PS looking like the savior makes the chances even more likely.

PS isnt paying all this money because they think FT is worth it, they are paying to settle the case so that they can eventually enter the US market. and not having a competitor [re]launch is worth a lot of money as well

Wow. Makes sense.

04-24-2012 , 11:08 AM

#357

jurrasstoil

Carpal \'Tunnel

Join Date: Sep 2007 Posts: 8,743

That was... unexpected... for me at least.

04-24-2012 , 11:08 AM

#358

LOLRussians

old hand

Join Date: Oct 2011 Posts: 1,381

W.O.W.

04-24-2012 , 11:08 AM

#359

wsmp

grinder

Join Date: Mar 2011 Posts: 601

http://www.youtube.com/watch?v=3GwjfUFyY6M

04-24-2012 , 11:09 AM

#360

ItsmeMario

adept

Join Date: Mar 2012 Posts: 889

so stars buys FTP to make sure tapie or whoever never reopens that site and tries to compete vs stars?

04-24-2012 , 11:09 AM

#361

honkey

newbie

Join Date: Jun 2011 Posts: 15

inb4 disappointment

04-24-2012 , 11:09 AM

#362

SAIBOT24

centurion

Join Date: Apr 2010 Posts: 115

Red Tuesday FTW?

04-24-2012 , 11:09 AM

#363

Potamito

banned

Join Date: Jan 2010 Posts: 2,746

Quote:

Originally Posted by THDE

Quote:

Originally Posted by DoGGz

Excited for the new MET 6x Sunday Million!

hahahahahahaha

Quote:

Originally Posted by dfsuperstar

This is potentially some of the best news for poker or the BIGGEST Troll ever

Quote:

Originally Posted by ShaolinPower

I just wanted to post in here for HISTORY.

This is happening

Quote:

Originally Posted by ShizzMoney

Everything seems possible, minus the Stars back into the US part. Ceasar's/MGM/Tribal Lobbying Groups paid politicans LOTS of money to get them out of the country. I'm sure PartyPoker would back that truck up as well (ironically). They'll want to have at LEAST 3-5 years of online poker market exclusivity before the worldwide leader in poker software comes back into the US.

Not to say, that PokerStars can ALSO pay off some NV pols and setup in that state, however......the DOJ would look petty if Stars were just allowed to go back into business, even though this would be an impressive display of charity. If this happens, you can pretty much erase all my critizism on how they handled the FPP scenario.

BTW #monopoly and #patenttrolling #FTW

Quote:

Originally Posted by Picasso

this makes a ton of sense now that i think about it. the $750mm includes a settlement with the DOJ and making players whole, Dik**** paid $300mm to settle with them, i could easily see this as stars saying "look, we will make all players whole from FT and pay XXX if we can settle the charges against us." while the DOJ cant guarantee them access to US markets, they can make the settlement favorable enough so that it greatly increases the chances of them entering, and PS looking like the savior makes the chances even more likely.

PS isnt paying all this money because they think FT is worth it, they are paying to settle the case so that they can eventually enter the US market. and not having a competitor [re]launch is worth a lot of money as well

04-24-2012 , 11:09 AM

#364

Hash1982

grinder

Join Date: Mar 2010 Posts: 515

Speechless, was wondering why FTP Discussion thread was so quiet today, just stumbled accross this one.

04-24-2012 , 11:09 AM

#365

Blizzuff

veteran

Join Date: Jun 2009 Posts: 2,713

I'm surprised nobody has mentioned yet that it was announced not too long ago that GBT had found another investor to sure up the deal around the time they were complaining about pros owing money etc. If this PS story is true, it's very likely that GBT was having trouble making the deal work, Pokerstars got involved as an investor and then the deal evolved into Stars just doing the entire purchase themselves. My guess is that negotiating a settlement of fines was a sticking point and the DOJ was unwilling to defer payment, and having someone (Stars) able to just come in and rubber stamp the whole amount caused it to morph into this.

04-24-2012 , 11:09 AM

#366

jonkeponke

journeyman

Join Date: Feb 2006 Posts: 398

i think anything about stars/FTP returning to the US is just rumor at this point.

then again people getting paid back is still technically a rumor, so who knows.

04-24-2012 , 11:10 AM

#367

sky4ever

journeyman

Join Date: Mar 2011 Posts: 259

kevmode finally delivered ?

04-24-2012 , 11:10 AM

#368

Tweelingen

centurion

Join Date: Dec 2009 Posts: 148

o o o o

04-24-2012 , 11:10 AM

#369

clockworkorange89

adept

Join Date: Aug 2009 Posts: 709

Quote:

Originally Posted by bballwiz

This was my thought as well and wasnt sure if thats what it meant either. Thoughts??

04-24-2012 , 11:10 AM

#370

fatkid

Carpal \'Tunnel

Join Date: Nov 2011 Posts: 8,860

Kevmoooooooodeeeeeee!!!!!!!!!!

04-24-2012 , 11:11 AM

#371

Feed the Geese

centurion

Join Date: Jun 2011 Posts: 141

[IMG]

[/IMG]

04-24-2012 , 11:11 AM

#372

foldacedeuce

journeyman

Join Date: Feb 2012 Posts: 253

This is mega, but cannot understand how it works with Tapie??? Why would PS buy FTP, the players are almost the same no? I play on both sites (or used to)

PLEASE SOMEONE explain why PS would buy FTP?

04-24-2012 , 11:12 AM

#373

Pajak666

journeyman

Join Date: Jan 2011 Posts: 274

TBH I think competition between two big rooms is best for players.
One big company... it's called monopoly and it's never been good.
More competition on the market equals more promotions, rake reductions and special offers.
GO GO Bernard Tapie Group!