Big News: PokerStars Purchases FTP(?) Cliffs in OP Last update 4/24 1:02PM PT - Page 16 - Poker News

Interesting.. If and I mean IF they purchased Tilt, it would have been via a settlement with the DOJ and Stars received control over tilt via a settlement with the DOJ. (which could make sense) and that is why it would be 750m. But I seriously doubt this number.

I knew a investor that was interested in purchasing FT, and they were for sale for 75m ext ext.

If this cheers you up at all, I reached out to someone really close to FT and he did not deny that Stars purchased FT. Typically he would. But that also could mean this is bs...

04-24-2012 , 11:13 AM

#377

DesperadoGM

adept

Join Date: Aug 2006 Posts: 706

Can't understand why Stars would do this unless it helps them come back into the US market.
It seems that most business decisions Stars make seem to be pretty smart.

04-24-2012 , 11:13 AM

#378

epix-

adept

Join Date: Apr 2010 Posts: 1,066

i dont like stars :/

04-24-2012 , 11:13 AM

#379

SonOfBadger

adept

Join Date: Feb 2010 Posts: 1,121

crazy times....

04-24-2012 , 11:13 AM

#380

PostflopNoob

journeyman

Join Date: Aug 2009 Posts: 321

04-24-2012 , 11:13 AM

#381

slevin90

banned

Join Date: Nov 2009 Posts: 2,150

Quote:

Originally Posted by foldacedeuce

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?

Not sure if serious

04-24-2012 , 11:13 AM

#382

FoldHellmuth

grinder

Join Date: Jul 2010 Posts: 590

Endless story of companies buying FTP...

04-24-2012 , 11:13 AM

#383

Gankstar

adept

Join Date: Jul 2011 Posts: 1,041

Quote:

Originally Posted by Pajak666

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!

There's a big difference between a coerced monopoly and one where there is no barrier to entry into the market.

04-24-2012 , 11:14 AM

#384

IWEARGOGGLES

Carpal \'Tunnel

Join Date: Mar 2005 Posts: 7,352

Can I coin Tuesday Triumph?

04-24-2012 , 11:14 AM

#385

OMGsuperstaR

veteran

Join Date: May 2010 Posts: 2,468

if thats true :

Spoiler:

if not

Spoiler:

04-24-2012 , 11:14 AM

#386

LOLRussians

old hand

Join Date: Oct 2011 Posts: 1,381

Quote:

Originally Posted by epix-

i dont like stars :/

That's ok... Most of us do....

04-24-2012 , 11:15 AM

#387

HiFi

Dented ovaries

Join Date: May 2008 Posts: 23,508

Posting in a potentially legendary thread.

Pleasepleasepleasepleasepleasepleasepleeeeeeeeeeee eeeeeeeease be real!!!

04-24-2012 , 11:15 AM

#388

allthegold

enthusiast

Join Date: Mar 2012 Posts: 63

no ****ing way

04-24-2012 , 11:15 AM

#389

clockworkorange89

adept

Join Date: Aug 2009 Posts: 709

Quote:

Originally Posted by bbfg

You shouldn't base your expectations about reentry to the US market based on weird wording in a post.

Thought does not equal expectation

04-24-2012 , 11:15 AM

#390

jonkeponke

journeyman

Join Date: Feb 2006 Posts: 398

Quote:

Originally Posted by IWEARGOGGLES

Can I coin Tuesday Triumph?

#triumphanttuesday IMO

04-24-2012 , 11:15 AM

#391

zerosum79

old hand

Join Date: Jun 2010 Posts: 1,978

Quote:

Originally Posted by IWEARGOGGLES

Can I coin Tuesday Triumph?

Yes.

04-24-2012 , 11:15 AM

#392

Yaksha

adept

Join Date: Sep 2008 Posts: 1,103

Quote:

Originally Posted by Mr.mmmKay

How can such a stupid OP actually be true?

hahaha this

04-24-2012 , 11:16 AM

#393

Malta PR

banned

Join Date: Jan 2010 Posts: 396

the real truth is :

McDonald is buying FTP, all US players with money locked will get coupons related to the money they had inside.

so few players can have lifetime cheesburgers

04-24-2012 , 11:16 AM

#394

isildurred

journeyman

Join Date: Apr 2012 Posts: 204

I have refreshed 300 times

04-24-2012 , 11:16 AM

#395

allthegold

enthusiast

Join Date: Mar 2012 Posts: 63

whattttttttt

04-24-2012 , 11:16 AM

#396

Jamaal84

grinder

Join Date: May 2007 Posts: 623

Quote:

Originally Posted by foldacedeuce

PLEASE SOMEONE explain why PS would buy FTP?

Not unusual in business. For example, Southwest acquired AirTran. Gives them a greater market share. If both sites are successful, why wouldn't the bigger company want to own all or a piece of the smaller?

04-24-2012 , 11:16 AM

#397

Tim Brice

veteran

Join Date: Nov 2006 Posts: 2,961

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

My thoughts exactly. This deal only makes sense if PS believed they can re-enter the US market at some point. There could also be some validity that Steve Wynn is tied into PS.