More like minus about 3 and half week or 3.50 to be exact

Thanks for your input, Diamond.

I am a bit confused. Which is the new "next week", imminent or two weeks? Or am I mistaken that it has changed at all?

In other news we had a very exciting laundry day today.

Also, thank you ford and.

We ****ed

Thanks for the info. No need to follow this thread anymore

Maybe. Its not an obvious fact though, its a theory.

another day another fail

I've watched this thread for a very long time. May I be the next to give FALSE AND TOTALLY CREATIVE future news that is about to occur.

"According to Fahrenkopf, initial movement on the matter could happen quickly, possibly as soon as the next two weeks." - ref pocketfives.com headliner

is the talk that a poker bill could be discussed within the next two weeks on a federal level.... coinciding with the doj strategy of delaying several weeks NOW THIS ALL MAKES SENSE!

DOJ WILL HAVE POKER BILL PASSED AND THEN ALLOW POKERSTARS AND FULLTILT TO PAY EVERYONE BACK in JUST 4 weeks! OMG.

*Disclaimer - This is not at all serious, but it would be a vastly corrupt but satisfying end to the ongoing comedy.

Oh god. The discussions and fights you're going to cause with this half joke half fact post is going to make the Internet collapse. Do the math's head will probably end up exploding and diamond flush will end up in tears. I hope you're happy sir.

Bartons bill getting back into the lime light has to be +EV for poker in general.

Nah Reid will find a way to screw it up

This forum, and this thread (and predecessor) have been over the "gov't waiting to legalize pokers first, then give us our manies" theory many times already. In some ways, it seemed to make sense, although far fetched.

Then again, people thought it far fetched that FTP wouldn't be able to pay out just like Pstars did after black friday.

People thought it far fetched that PStars would jump in and buy a sinking ship.

All I know is, if it happens to go down that online pokers become legalized on a fed level, and suddenly the feds are like "here, have some manies to deposit!", I will lololololololololololol @ the government, the world, business, and just the way things seemed so far fetched... and still managed to be the case in reality. It would really warp my perspective on events and "coincidences" for the rest of my life. Then again, this whole tragedy since April 15th 2011 has changed the way I view the world already.

I don't have any more information than anyone else here but what further obstacles are there? I understand that they were a ponzi scheme but Stars put their cape on and saved the day (and future of the industry imo) so now that is fixed. The DoJ has the money and is setting up everything to have the money returned to us. Once the setup is completed, which is what I think is being released "imminently", all that remains is applying through the DoJ and waiting up to 90 days for your payout to process (DoJ must run Lock poker in their spare time). I don't see any likely events that would delay this so I'm either missing something or we should have our $ back inside of 5 months?

Would be nice to get an update. I still think fulltilt shouldnt even be running without players being made whole.

lol "next two weeks" in govt lingo...im starting to see a trend here with govt saying "next two weeks"

only question left, is "two weeks" > "imminent" in govt speak?

Well, they COULD simply decide that they aren't going to pay anyone for the first six months or whatever, and justify it any number of ways, or not justify it at all, because there's nothing anyone can really do about it anyway.

So it doesn't take "events" to slow things down. They can be slow simply because they feel like it (although they wouldn't necessarily admit that outright) and I doubt there is going to be much motivation for the processor to be super-fast and super-efficient once they actually have the contract (although they may have mouthed words to that effect during the bidding process).

I don't think that's far-fetched, at all. I think that was part of the point of the UIEGA in the first place.

Situation: American casinos want to get into the online poker market, but two enormous poker sites that operate offshore and provide essentially pseudo-untaxable competition (of course, many poker players pay their taxes lawfully, but it's very easy for people to evade their taxes because of the dynamic).

1) Pass oppressive anti-poker restrictions on financial institutions

2) Poker sites circumvent law and commit fraud

3) Wait and build evidence while they hang themselves

FIVE YEARS LATER

4) Seize funds and shut down the two major sites from US operations

POSSIBLY IN THE FUTURE

5) Legalize poker, allowing casinos to corner the market with no PokerStars or Full Tilt to compete with in the US

I don't think these things are a coincidence.

I also don't think Full Tilt's extra malfeasance and mismanagement was foreseen by anybody, and so they probably aren't very happy about poker being given that extra black eye and would like to get the money back to the poker playing public, not because they love the American people so much and are so honorable, but because they want people flush with cash when these sites open (whenever that is).

I also don't think Full Tilt's extra malfeasance and mismanagement was foreseen by anybody

except maybe the DOJ who was running an 'illegal' payment processor that was taking {and keeping?) deposits for online services - and some of the Board of Director pros.

I don't know where you got your information, but what the DOJ claims to be doing is hiring an administrator to accept petitions for compensation for people who claim they were defrauded by full tilt. Hiring someone to review your petition for compensation is definitely not the same as hiring someone to return money to you. You may or may not be eligible to receive compensation for being defrauded based on your petition and on criteria that yet to be revealed.

No, what remains after they select a processor is them working out the formula they intend to use to allow those who have been defrauded to petition for remittance. The DOJ has never talked about a 90 day payout process, or mentioned any time frame at all about how long it would take petitions to be reviewed, let alone money paid out.

The fact that you are dealing with the government makes it likely that the process will take a long, long time. As far as possible delays and events, given a little thought it isn't difficult to come up with an extremely long list of contingencies that could easily delay any payments for months, if not years.

Maybe news next week??? Really just a bump so this doesn't fall to page 2

what is the point of bumping it?

So that the DOJ sees it on page 1?

I enjoy pain..

One of these days we'll find out what the government's definition of "2 weeks" and "imminent" are.

NEXT WEEK

am i doin it right?

summary of mon-fri fail fail fail fail fail