Big News: PokerStars Purchases FTP(?) Cliffs in OP Last update 4/24 1:02PM PT - Page 50 - 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 50 of 159

First

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Last

04-24-2012 , 01:59 PM

#1226

udbrky

Formerly known as udbrky

Join Date: Oct 2005 Posts: 28,908

Quote:

Originally Posted by jumboAL

Party cofounder Anurag Dik****? You must be ****ing joking anus rag dick ****

Quote:

As a point of comparison, PartyGaming (now known as bwin.party) co-founder Anurag Dik**** agreed to a plea deal with the DOJ in 2008 for a total of $300m. In 2009, payment processor Neteller settled for $136m.

That's some fine reading skills sir.

04-24-2012 , 01:59 PM

#1227

Huskermoney00

banned

Join Date: Apr 2011 Posts: 841

I'm just enjoying F5'n while eating my instant noodles!

04-24-2012 , 01:59 PM

#1228

blankoblanco

Carpal \'Tunnel

Join Date: Dec 2006 Posts: 8,395

Quote:

Originally Posted by MrBump

Meh, I just contacted PS support and asked them if the rumours are true or not

it would be pretty cool if they just randomly confirmed it to some dude who emailed them before releasing the news to the public

04-24-2012 , 02:00 PM

#1229

PokahBlows

Pooh-Bah

Join Date: May 2011 Posts: 3,999

Amazing, PS buys FT sells to Steve Wynn for ****in profit duhhh,lmao.

Monopoly who gives a damn, the faster everyone gets paid, the faster the DOJ allows online poker in the US, finally we will be able to play our game.

04-24-2012 , 02:00 PM

#1230

verneer

Carpal \'Tunnel

Join Date: Nov 2006 Posts: 6,971

Quote:

Originally Posted by MrBump

Meh, I just contacted PS support and asked them if the rumours are true or not

Brilliant! They always come through in need.

04-24-2012 , 02:00 PM

#1231

brandyballs

grinder

Join Date: Aug 2008 Posts: 511

Quote:

Originally Posted by rbracco

This thread is 12 pages of utter horse****. 2p2 needs revamping. The importance of a thread is inversely proportional to how readable it is. Also the people who this matters to most (people who actually make decent sums of money playing poker) are the ones who don't have time to sit here and sift through all the bs.

What needs to happen...

An upvoting system, or "like" system where you can credit or discredit posts and then an option to sort by that thus allowing people to see all the relevant **** in just one page. 2p2 can stay exactly the same with the default option being chronological sort, but I would love the option to filter out the 1200 posts of bs and read the 12 from kevmath/noahsd...etc that actually matter.

Just realized this won't be read by anyone relevant because it's getting dropped into a sea of horse****.

This +1
I now regularly turn to twitter to avoid the crap on here. Appreciate there is no easy solution but 2+2 has deteriorated considerably in this regard.

04-24-2012 , 02:00 PM

#1232

OldRod_KS

veteran

Join Date: Oct 2010 Posts: 2,042

Quote:

Originally Posted by blankoblanco

it would be pretty cool if they just randomly confirmed it to some dude who emailed them before releasing the news to the public

That would be an awesome way to announce it

04-24-2012 , 02:00 PM

#1233

FDSaussure

old hand

Join Date: Apr 2006 Posts: 1,242

Quote:

Originally Posted by A MTT PRO

My first thoughts on the matter:
1. I am way more comfortable with Stars buying FTP than GBT (a group of convicted criminals).

2. Yeah 750m sounds like way too much right now, but it is a sound investment and will pay for itself in a few years of operation. They just wiped out the relaunch of the closest competitor, and gained +rep like a mofo in the poker community. Nice move for Stars.

Since they were going to have to settle for a lot of money anyway the marginal cost of buying out FTP makes a lot of sense.

04-24-2012 , 02:00 PM

#1234

isildurred

journeyman

Join Date: Apr 2012 Posts: 204

Quote:

Originally Posted by Huskermoney00

I'm just enjoying F5'n while eating my instant noodles!

instant noodles are definitely the domino effect of BF

04-24-2012 , 02:01 PM

#1235

arlecchino76

old hand

Join Date: Feb 2012 Posts: 1,632

Quote:

Originally Posted by uncle_chopchop

yeah your right eliminating what was there only legit competitor is going to be really bad for business

Somehow I didn't think of that. Can I blame it on sleep deprivation?
OK, I am officially a dumbass.

04-24-2012 , 02:01 PM

#1236

Haterick

newbie

Join Date: Sep 2010 Posts: 28

Quote:

Originally Posted by LOLRussians

Stars hiring a developer in Dublin

http://www.pokerstars.co.uk/about/ca...wareDevelopers

This job has been advertised on the stars website for months

04-24-2012 , 02:01 PM

#1237

bizzle03

adept

Join Date: Aug 2006 Posts: 1,000

Quote:

Originally Posted by Go Get It

From LastLife in PL:

http://pokerfuse.com/news/poker-room..****es-with-doj/

So it's looking like a $420M settlement. That's a bargin, imo, assuming everything is settled. Party paid $300M(and $100m+ from Dik****?), and they never offered post UIGEA.

I agree. It's also a good deal for DOJ. Under Tapie deal, DOJ was set to make an estaimated $50-$100 milliion. Now they get $420 million, probably don't have to handle payouts, etc.

04-24-2012 , 02:02 PM

#1238

BerrySebok

centurion

Join Date: Mar 2011 Posts: 146

Quote:

Originally Posted by Huskermoney00

I'm just enjoying F5'n while eating my instant noodles!

dude that stuff is very high in msg. DO NOT EAT

04-24-2012 , 02:02 PM

#1239

Johnny Douglas

Carpal \'Tunnel

Join Date: Apr 2008 Posts: 8,479

(Grunch)

How does this affect the charges against Scheinberg?

04-24-2012 , 02:02 PM

#1240

LastLife

Pooh-Bah

Join Date: Feb 2007 Posts: 4,593

Quote:

Originally Posted by BerrySebok

500 followers is not credible do not post this garbage

He is at the conference that is going on in SF right now with many of the industry leaders. He is a very well respected person in the gambling community.

04-24-2012 , 02:03 PM

#1241

Prospace

banned

Join Date: Feb 2007 Posts: 1,091

Quote:

Originally Posted by plowking2010

there is no reason to fear private sector monopolies.

monopolies are only bad when they are imposed by the government.

for example, if the government only one company a licence to run an online poker room... that would be bad because it could rip off the consumer.

but in the case of poker stars... where they gained their monopoly status by offering a better product/service than their competitors and built a good reputation... it's actually good that they have a near monopoly because that means that the bad companies have been weeded out and the consumer will not be ripped off by these other sites that are not run with the same integrity as pokerstars.

Google has good reputation as a whole too. But they just hand over all your emails to the government and keep track of everything you do. They punish anyone who tries to make money with a website or any advertising company that sells links online. You really don't know what your talking about and no monopoly is good.

04-24-2012 , 02:03 PM

#1242

Aqalung...

journeyman

Join Date: Apr 2006 Posts: 262

Great to see that everybody is exited...well, almost everybody.

04-24-2012 , 02:03 PM

#1243

pianospike

adept

Join Date: Feb 2008 Posts: 1,081

Quote:

Originally Posted by Johnny Douglas

(Grunch)

How does this affect the charges against Scheinberg?

Extremely likely they go away as part of the deal.

04-24-2012 , 02:04 PM

#1244

Prospace

banned

Join Date: Feb 2007 Posts: 1,091

Quote:

Originally Posted by Johnny Douglas

(Grunch)

How does this affect the charges against Scheinberg?

When all the chips are out of FTP s hands, the gov will slap them with small fine like 25 million. The whole point of black friday was to shed full tilt poker from global casino monopoly.

04-24-2012 , 02:04 PM

#1245

Go Get It

Carpal \'Tunnel

Join Date: Feb 2010 Posts: 12,530

Quote:

Originally Posted by Johnny Douglas

(Grunch)

How does this affect the charges against Scheinberg?

Doesn't effect it at all imo.

04-24-2012 , 02:04 PM

#1246

aura

Carpal \'Tunnel

Join Date: Aug 2005 Posts: 10,048

Quote:

Originally Posted by BerrySebok

dude that stuff is very high in msg. DO NOT EAT

Pro Tip: Don't use the packet that comes with it.

04-24-2012 , 02:05 PM

#1247

jaxtraw

old hand

Join Date: May 2009 Posts: 1,357

What assets does FT have that Pokerstars would pay more than pennies on the dollar for?

I highly doubt Stars would pay for the privilege of paying back all the FT customers.