Big News: PokerStars Purchases FTP(?) Cliffs in OP Last update 4/24 1:02PM PT - Page 72 - Poker News

Two Plus Two Forums Poker News & Discussion News, Views, and Gossip

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

Closed Subscribe

...

Page 72 of 159

First

22 52 62 67 68 69 70 71 72 73 74 75 76 77 82 92 122

Last

Page 72 of 159

First

22 52 62 67 68 69 70 71 72 73 74 75 76 77 82 92 122

Last

04-24-2012 , 05:34 PM

#1776

TheJacob

Pooh-Bah

Join Date: Jul 2007 Posts: 3,865

Quote:

Originally Posted by sky4ever

So tell me if I get this straight:
1.The whole thing with DOJ and GBT was an almost done deal, witch included the repayment of "94.9% of ROW players on day 1", while the remaining ROW players had to wait some more (indefinitive amount) time.
2.PS barges in and says they can top that and pay everyone in full in 90 days.
3.DOJ kicks GBT out of the deal by imposing the "everyone gets paid full in 90 days" rule.
4.????
5.PS better deliver.

The GBT deal was never going to happen. They never intended to pay everyone in full right of the bat or even set a time table for doing so.

Saying you'll pay 94.9% of players isn't the same as saying you will put up 94.9% of the funds on FTP. DUCY?

Allowing someone to reopen FTP without player funds on hands would be extremely stupid. Or should we just allow the new FTP to repeat the mistakes that got us here?

04-24-2012 , 05:34 PM

#1777

Prospace

banned

Join Date: Feb 2007 Posts: 1,091

TO answer your question about Tapie Marco. He is puppet for Wynn. Wynn and Milken are behind all of this and have the DOJ in their pockets. Tapie was just like the character in middlemen.

04-24-2012 , 05:35 PM

#1778

Jerle Minara

enthusiast

Join Date: Oct 2006 Posts: 95

Quote:

Originally Posted by Prospace

TO answer your question about Tapie Marco. He is puppet for Wynn. Wynn and Milken are behind all of this and have the DOJ in their pockets. Tapie was just like the character in middlemen.

Oh dear now you're making me hope Karak wore his tinfoil hat before getting on QJ

04-24-2012 , 05:35 PM

#1779

bennymr

enthusiast

Join Date: Feb 2010 Posts: 99

hopefully theyll pay our rakeback they kept since they closed.

or do they think this money is gone?

04-24-2012 , 05:38 PM

#1780

FullArsenal

centurion

Join Date: Oct 2010 Posts: 195

Quote:

Originally Posted by CheckRaise_

the face when: everybody realizes that they've forgotten the password to their FTP account and can't retrieve their balances

If only there was a way to send you a link so you could click on it and reset your password.

04-24-2012 , 05:38 PM

#1781

Karak

ELIte

Join Date: May 2004 Posts: 62,724

Quote:

Originally Posted by Jerle Minara

Oh dear now you're making me hope Karak wore his tinfoil hat before getting on QJ

my brain is in the microwave brb

04-24-2012 , 05:38 PM

#1782

Dr. Muttley

newbie

Join Date: Apr 2011 Posts: 36

Quote:

Originally Posted by bennymr

hopefully theyll pay our rakeback they kept since they closed.

or do they think this money is gone?

If it were pokerstars that bought FT, I'd be pretty confident they'd cough up the rakeback owed too.

04-24-2012 , 05:38 PM

#1783

TheJacob

Pooh-Bah

Join Date: Jul 2007 Posts: 3,865

Quote:

Originally Posted by FDSaussure

This makes no sense. Why wouldn't they want to rake the money already on FTP?

They'd have to be stupid to just mail ROW players checks.

If this happens they will either credit your FTP account or if they don't open FTP back up credit your stars account(or better yet create one for you and credit it).

A lot of that money will be converted regardless of whether it happens on FTP or stars.

04-24-2012 , 05:40 PM

#1784

syncmaster

old hand

Join Date: May 2006 Posts: 1,588

Interested to see what happens with people who played on tilt because they were banned from stars..

04-24-2012 , 05:42 PM

#1785

sky4ever

journeyman

Join Date: Mar 2011 Posts: 259

Quote:

Originally Posted by TheJacob

Don't get me wrong, I figured that out all aswell. Maybe I'm being paranoid, but I was merely trying to point out that this smells like a ploy for PS to delay the resurrection of FTP.

04-24-2012 , 05:43 PM

#1786

Dr. Muttley

newbie

Join Date: Apr 2011 Posts: 36

Quote:

Originally Posted by syncmaster

Interested to see what happens with people who played on tilt because they were banned from stars..

Good point....would there be some data protection implications? I know that where I live 2 companies owned by the same parent company cannot share information about their customers.

04-24-2012 , 05:43 PM

#1787

3nigm4

veteran

Join Date: Mar 2011 Posts: 2,876

Question I wonder is if Stars keeps FTP's 27% rakeback.

Or implement their tiered system there.

Will it be a network such as Merge so both site users can play amongst each other.

04-24-2012 , 05:45 PM

#1788

Jerle Minara

enthusiast

Join Date: Oct 2006 Posts: 95

Quote:

Originally Posted by sky4ever

Don't get me wrong, I figured that out all aswell. Maybe I'm being paranoid, but I was merely trying to point out that this smells like a ploy for PS to delay the resurrection of FTP.

PS isn't spending 450 million dollars to delay a competitor.

Especially since that competitor never took more than 20% of the market anyways

Last edited by NoahSD; 04-24-2012 at 06:07 PM.

04-24-2012 , 05:46 PM

#1789

adrianapolis

newbie

Join Date: Jun 2011 Posts: 26

Quote:

Originally Posted by 3nigm4

Will it be a network such as Merge so both site users can play amongst each other.

would be silly, how about players having different screennames and e-mail addresses registered in the two sites when these two "child companies" are prohibited from sharing customer info with each other?

04-24-2012 , 05:47 PM

#1790

Andrex Puppy

old hand

Join Date: Mar 2009 Posts: 1,625

ive got to say i cant see this working out if it was feasible at the start 1 year ago then ps would have had first dibs the fact that they have waited this long doesnt bode well gg ftp gg tapie gg roll on ftp

04-24-2012 , 05:48 PM

#1791

ev2an

centurion

Join Date: Jun 2011 Posts: 170

Quote:

Originally Posted by IanB000

if the alternative was never seeing her (the money) again, yes.

Better odds... This rumor being true or this Wizards going down as the NBA's all time worst % of wins in a season?

04-24-2012 , 05:48 PM

#1792

Hash1982

grinder

Join Date: Mar 2010 Posts: 515

So did GBT or Pokerstars apply for a Cat 2 license for Orinic from Alderney?? And all this recent Job posting for Pocket Kings by Pokerstars also?? Can anyone clarify this??

04-24-2012 , 05:48 PM

#1793

Prospace

banned

Join Date: Feb 2007 Posts: 1,091

Wynn will control Pokerstars/Party/Bwin

Caesars will control 888

Live and Online monopoly.

The money given back will be taken in high live/online rake in 2 years tops.

04-24-2012 , 05:49 PM

#1794

Jerle Minara

enthusiast

Join Date: Oct 2006 Posts: 95

Quote:

Originally Posted by Hash1982

So did GBT or Pokerstars apply for a Cat 2 license for Orinic from Alderney?? And all this recent Job posting for Pocket Kings by Pokerstars also?? Can anyone clarify this??

That was all GBT. The deal fell through yesterday, per GBT's lawyer.

Quote:

Originally Posted by Prospace

Wynn will control Pokerstars/Party/Bwin

Caesars will control 888

Live and Online monopoly.

The money given back will be taken in high live/online rake in 2 years tops.

Just.. shhhhhhh

04-24-2012 , 05:49 PM

#1795

kmd107

old hand

Join Date: Sep 2009 Posts: 1,250

Great news to hear today!

04-24-2012 , 05:50 PM

#1796

Mondogarage

Pooh-Bah

Join Date: Dec 2006 Posts: 4,801

Quote:

Originally Posted by sky4ever

So tell me if I get this straight:
1.The whole thing with DOJ and GBT was an almost done deal, witch included the repayment of "94.9% of ROW players on day 1", while the remaining ROW players had to wait some more (indefinitive amount) time.
2. DOJ says no, you gotta commit to paying all players back within 90 days.
3. GBT says "uhhh, we're not putting in enough money in the deal to do that, we wanna pay the big accounts back with rake we collect over time."
4. DOJ says "pound sand".5.PS barges in and says they can top that and pay everyone in full in 90 days.
6.DOJ kicks GBT out of the deal by imposing the "everyone gets paid full in 90 days" rule.
7.????
8.PS better deliver.

Something a bit more like that, but yeah.

04-24-2012 , 05:50 PM

#1797

Alex_Striker

grinder

Join Date: Feb 2009 Posts: 403

Quote:

Originally Posted by Hash1982

So did GBT or Pokerstars apply for a Cat 2 license for Orinic from Alderney?? And all this recent Job posting for Pocket Kings by Pokerstars also?? Can anyone clarify this??

If I spoke Italian I'd go pry around whichever forum that was (I thought it was a Euro one, but can't remember if it was assopoker or PokerStrategy.com).