Big News: PokerStars Purchases FTP(?) Cliffs in OP Last update 4/24 1:02PM PT - Page 51 - Poker News

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 gave 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.

Ummm 2 words: News Corp. - of course private monopolies can be disastrous.

04-24-2012 , 02:06 PM

#1252

momo_the_kid

grinder

Join Date: Aug 2005 Posts: 627

Quote:

Originally Posted by gimmepilotwings

If DOJ insisted that ROW players got paid in full within 90 days, we have to assume that PS is going to follow up with the same rules, right?

With Pokerstars, you would expect to receive the money within 2 weeks. I don't like Stars, but this is not a poker site that will stall on player payment.

04-24-2012 , 02:07 PM

#1253

ScreaminAsian

For President

Join Date: Oct 2008 Posts: 33,333

Quote:

Originally Posted by aura

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

ancient Chinese secret, huh??

04-24-2012 , 02:07 PM

#1254

McNally

stranger

Join Date: Apr 2012 Posts: 14

[/QUOTE]gimme a ****in break, pokerstars is so ****in sweet and ppl are bitching about them buying ftp and saving all our asses? its amazing that ppl will find anything to bitch about just to keep ppl feeling as ****ty as they do[/QUOTE]

good post from mttc, cmon people this is amazing news.

04-24-2012 , 02:07 PM

#1255

BerrySebok

centurion

Join Date: Mar 2011 Posts: 146

Quote:

Originally Posted by ScreaminAsian

ancient Chinese secret, huh??

you should know

04-24-2012 , 02:08 PM

#1256

bgomez89

adept

Join Date: Aug 2009 Posts: 972

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****.

damn good idea, too bad there isnt a 2p2reddit

04-24-2012 , 02:08 PM

#1257

ramdeebam

grinder

Join Date: Sep 2010 Posts: 485

Twitter accounts get hacked regularly.

I hope all this rumour hasn't developed from one tweet and there are actually other sorts of evidence/information out there backing this rumour.

04-24-2012 , 02:08 PM

#1258

Dave47

old hand

Join Date: Sep 2009 Posts: 1,473

Quote:

Originally Posted by brandyballs

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.

yep

04-24-2012 , 02:09 PM

#1259

smittos

journeyman

Join Date: Oct 2010 Posts: 277

If this falls through, it's gonna now be referred to as Blue Balls Tuesday.

04-24-2012 , 02:09 PM

#1260

Dudd

Carpal \'Tunnel

Join Date: Sep 2004 Posts: 54,241

Quote:

Originally Posted by jaxtraw

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.

Reaching a settlement with the DOJ is probably pretty valuable to them, if this happens, that's probably the main reason

04-24-2012 , 02:09 PM

#1261

dietDrThunder

veteran

Join Date: Aug 2009 Posts: 2,269

Quote:

Originally Posted by plowking2010

Yes I know I've read much about how happy local oil companies were when Rockefeller bought up all of the railroads and other infrastructure surrounding the oil industry so that nobody but him would have any realistic way to participate in the business.

(not really)

I'm not commenting on the Pokerstars thing, because I can't imagine monopoly concerns overriding FTP player payback concerns at this point.

04-24-2012 , 02:09 PM

#1262

ildent

centurion

Join Date: Aug 2011 Posts: 110

Quote:

Originally Posted by nickname

on a serious note now, why would the DOJ deny the takeover by GBT on their terms, i.e. paying back 95% immediately and the other high balance players on a fixed date with a 100% certainty. I mean the DOJ cant possibly deny this offer if they would not have had better negotiations with someone else? Because clearly the GBT offer would be better than no deal at all and for me, this would have been just perfectly fine.

It's exactly what I think and what makes more sense. But until the buy of ft by ps is not confirmed I'm a little scared; GBT was a reality and now is over and the ps stuff is just, ATM, a rumour.

04-24-2012 , 02:10 PM

#1263

gimmepilotwings

centurion

Join Date: Feb 2012 Posts: 105

Quote:

Originally Posted by momo_the_kid

With Pokerstars, you would expect to receive the money within 2 weeks. I don't like Stars, but this is not a poker site that will stall on player payment.

My money is stuck in a limbo check that I never received. I won't expect to see anything in 2 weeks.

04-24-2012 , 02:10 PM

#1264

potconTROLL

enthusiast

Join Date: Nov 2011 Posts: 72

Wicked Chops Poker ‏ @wickedchops
For those still doubting deal--DoJ isn't killing Tapie without an alternative in place. DoJ ready for this to be over.

04-24-2012 , 02:10 PM

#1265

karamazonk

Pooh-Bah

Join Date: Apr 2009 Posts: 4,626

Expecting money back in short order doesn't seem very wise to me - there are pretty big logistical hurdles entailed by taking on a unique company's assets that did not apply to Stars' distribution of balances back shortly after Black Friday. I'm pretty sure it will take a good while to sort everything out, though hopefully I am wrong.

04-24-2012 , 02:11 PM

#1266

sixfour

should be called sevenfour

Join Date: Dec 2005 Posts: 74,738

mildly excited

04-24-2012 , 02:11 PM

#1267

momo_the_kid

grinder

Join Date: Aug 2005 Posts: 627

Quote:

Originally Posted by gimmepilotwings

My money is stuck in a limbo check that I never received. I won't expect to see anything in 2 weeks.

Ouch,,, yeah,,, that may take a little longer

04-24-2012 , 02:11 PM

#1268

BerrySebok

centurion

Join Date: Mar 2011 Posts: 146

Quote:

Originally Posted by smittos

If this falls through, it's gonna now be referred to as Blue Balls Tuesday.

pokerstars has to purchase it now. Think of the bad press they will get if all of this chat was for nothing. So either way we all win

pokerstars doesnt want to be remembered as the company that let the community down, they will pull the trigger either way

Spoiler:

04-24-2012 , 02:13 PM

#1269

Mephista

enthusiast

Join Date: Aug 2009 Posts: 88

Am I the only person that thinks this is a sad day for online poker...?

04-24-2012 , 02:13 PM

#1270

smittos

journeyman

Join Date: Oct 2010 Posts: 277

Quote:

Originally Posted by BerrySebok

I for one hope you're right.

Git it dun Stars.

04-24-2012 , 02:13 PM

#1271

ramdeebam

grinder

Join Date: Sep 2010 Posts: 485

Daniel Negreanus reaction to pokerstars buying full tilt,

“I have no information on it other than what I’m reading but people I’m talking to seem to believe it’s true,” said Negreanu.

“The idea of PokerStars buying Full Tilt for $750 million seems impossible to me, so based on what I know it would really surprise me.

“But it would definitely be good for poker players because PokerStars is a good company and players wouldn’t have to deal with those scumbags anymore,” he said.

04-24-2012 , 02:13 PM

#1272

Bill A Bong

journeyman

Join Date: Jan 2011 Posts: 239

Quote:

Originally Posted by Mephista

Am I the only person that thinks this is a sad day for online poker...?

yes.

04-24-2012 , 02:14 PM

#1273

bizzle03

adept

Join Date: Aug 2006 Posts: 1,000

Quote:

Originally Posted by BerrySebok

Spoiler:

Not true. Pstars hasn't actually done anything to get hopes up.

04-24-2012 , 02:14 PM

#1274

Huskermoney00

banned

Join Date: Apr 2011 Posts: 841

Quote:

Originally Posted by ramdeebam

Twitter accounts get hacked regularly.

I hope all this rumour hasn't developed from one tweet and there are actually other sorts of evidence/information out there backing this rumour.

Did you read the first post????