Big News: PokerStars Purchases FTP(?) Cliffs in OP Last update 4/24 1:02PM PT - Page 34 - 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 34 of 159

First

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Last

04-24-2012 , 12:30 PM

#826

theskillzdatklls

Pooh-Bah

Join Date: May 2008 Posts: 4,920

i heard there's supposed to be even bigger news a few days from now but im not allowed to say what it is right now.

04-24-2012 , 12:30 PM

#827

Alrighty Roo

Carpal \'Tunnel

Join Date: Jun 2011 Posts: 16,269

Quote:

Originally Posted by NoMeansYes_

Buying FT AND a $250 reload bonus???

04-24-2012 , 12:31 PM

#828

synth_floyd

Carpal \'Tunnel

Join Date: Sep 2005 Posts: 7,074

GBT are a bunch of *******s. They wanted to make players go through a bunch of hoops before they could withdraw. Good riddance.

04-24-2012 , 12:31 PM

#829

aggo

Carpal \'Tunnel

Join Date: Feb 2008 Posts: 10,422

WOW.

So DOJ basically blew up the Tapie deal. If I was Tapie I would've done the same. He needs security and no way after 7 months of negotiating would I agree to that.

No clue why DOJ would demand that outright and seriously risk player's interests at the last second UNLESS Pokerstars already came in and said we can buy FTP, pay everyone back, and give you more money on top of that to settle out the lawsuit.

04-24-2012 , 12:31 PM

#830

EP12

enthusiast

Join Date: Jan 2009 Posts: 70

As long as they dont merge I am fine or if they merge just merge with ftp platform even better

04-24-2012 , 12:31 PM

#831

Khal Drogo

adept

Join Date: Feb 2012 Posts: 924

Quote:

Originally Posted by theskillzdatklls

i heard there's supposed to be even bigger news a few days from now but im not allowed to say what it is right now.

gotta be joking

04-24-2012 , 12:32 PM

#832

bbfg

Carpal \'Tunnel

Join Date: Aug 2009 Posts: 12,264

What's confusing is that the DOJ basicly killed the deal with GBT and right after Pokerstars comes in to save the day?

04-24-2012 , 12:32 PM

#833

thesaltinez

centurion

Join Date: May 2010 Posts: 159

in before facebook buys FTP.

04-24-2012 , 12:32 PM

#834

jacktensuited13

journeyman

Join Date: May 2008 Posts: 373

Why not Tease Tuesday? Once its official we can use something different. Pretty epic if true though.

04-24-2012 , 12:33 PM

#835

Picasso

adept

Join Date: Aug 2010 Posts: 829

jesus, these quadjacks guys are so clueless. they keep comparing the $80mm GBT was going to pay and the $750mm PS paid, but they arent comparable. GBT was going to pay $80mm+$150 for outstanding balances. PS is paying $750 for everything, including balances and a settlement with the DOJ. Anurag Dik**** paid $300mm alone for their settlement and PS had made way way more than they did. The DOJ originally wanted $2B [i believe] and that didnt include buying FT, all things considered, this is a huge positive for stars when you consider the charges they have against them

04-24-2012 , 12:33 PM

#836

foldacedeuce

journeyman

Join Date: Feb 2012 Posts: 253

Quote:

Originally Posted by Go Get It

So the US DOJ wouldn't let GBT not pay ROW players back in full, and that's what held the deal up? And GBT had US balances covered?

Wow.

I emailed the iGaming Post and they are hoping to get some news from PS today or Tomorrow

04-24-2012 , 12:33 PM

#837

High_set

centurion

Join Date: Aug 2011 Posts: 153

I just hope Pokerstars keeps the same rake and play money setup like Full tilt had unlike when they revised the play money site on their site. Before on Stars they had higher play money stakes than 100/200

04-24-2012 , 12:33 PM

#838

Go Get It

Carpal \'Tunnel

Join Date: Feb 2010 Posts: 12,530

Quote:

Originally Posted by aggo

WAT?

I read it as the DOJ wanted all players to be paid back in full both US and ROW. And GBT was going to make people play on the sight and over time get their money back, basically from rake.

And apparently PS said **** it we don't mind taking a big risk to get FTP and just went for it.

04-24-2012 , 12:33 PM

#839

evechad

grinder

Join Date: Feb 2011 Posts: 462

wtf is this chainsaw song

04-24-2012 , 12:33 PM

#840

GutshotDan92

veteran

Join Date: Apr 2011 Posts: 2,065

Wow, just wow...

In actual fact, this is absolutly perfect - I love stars and loved FTP. A merge would be a win - so long as you can play with either software.

Anyway... I kinda feel that some cliffs should be posted in the OP??

04-24-2012 , 12:34 PM

#841

NiSash1337

Carpal \'Tunnel

Join Date: Dec 2010 Posts: 9,185

In b4 pokerstars doesn`t buy ftp and everyone hates pokerstars because they didn`t.

But tbh, if pokerstars didn`t buy it, wouldn`t they already have released a statement? It`s kinda bad raising hopes and then not do it so IMO this looks really good.

04-24-2012 , 12:34 PM

#842

Karls_Hungus

old hand

Join Date: Jan 2008 Posts: 1,633

Quote:

Originally Posted by thesaltinez

in before facebook buys FTP.

this would be the ultimate twist in the plot.

04-24-2012 , 12:34 PM

#843

Go Get It

Carpal \'Tunnel

Join Date: Feb 2010 Posts: 12,530

Quote:

Originally Posted by foldacedeuce

I emailed the iGaming Post and they are hoping to get some news from PS today or Tomorrow

Yes plz.

04-24-2012 , 12:34 PM

#844

holden

enthusiast

Join Date: Jan 2005 Posts: 79

Theory:

GBT and Stars planned this all along, the delays were actually stalling so Stars could save $XX million per month in profits to be able to do the deal. They finally have the money, so it's getting done.

04-24-2012 , 12:34 PM

#845

SpecialOne

journeyman

Join Date: Sep 2011 Posts: 282

Quote:

Originally Posted by bbfg

What's confusing is that the DOJ basicly killed the deal with GBT and right after Pokerstars comes in to save the day?

i dont think so, i think that because of pokerstars they sinked the deal, but we will see what happened.

04-24-2012 , 12:35 PM

#846

ZBTHorton

Carpal \'Tunnel

Join Date: Oct 2004 Posts: 19,874

Quote:

Originally Posted by holden

Stars has plenty of money.

04-24-2012 , 12:35 PM

#847

TMoney0209

journeyman

Join Date: Apr 2009 Posts: 272

DOJ to Stars. Listen, you know that 200million fine your going to give us, lets scratch that and you can enter the US market if you buy fulltilt. We are happy with the 550 million we confiscated from fulltilt throughout the years and whatever else we confiscated from you. Let's make it happen we are the doj.