******ed question possibly but are any European players still getting $250 a month off the site?

so much speculation in this thread, why not a bit more

I'm wondering what Lola meant by a 'fair' solution for all account holders. I think too many ppl are OK with getting a portion of their balances back. We should get paid back in full, plain and simple. What can they possibly say to justify saying 'oh hey customers, we can only afford to pay u back half of ur balances'. No what I think a fair solution will mean is that players with larger balances (maybe 10k+) will get paid at a faster rate than other players. This is how it should be too. Players who have lots of $$ on the site and who are in desperate need of that $$ should be paid first, while others with say a few hundo or 1k or something on there should get paid back in full too, but maybe at a slower rate. I don't think anyone would have a huge issue with that solution. Not trying to put a downer on anyone with a smaller balance stuck on there. Just trying to look at things from an overall perspective. If they do intend to pay in full but can't do it all at once, this may be a solution. Again just spitballing here..

I have seen only 3 reported cashouts in October. Two were in the first week of the month. The other was a few days ago from what seemed to be something that was processed last month but just arrived but the story was confusing.

**** u ub

lol you guys are ******ed if you wouldn't take 50% at this point. Its been 6+ months, we literally have got nothing, and almost every single person itt was fully expecting this money was gone forever.

I still and always have expected to get paid back in full

I have just got the same email from Lola although I sent her one a few days ago so it was the reply for that.

Thanks for posting the UB email Gui, cause for optimism.
Regarding the Suffer wager, he bumhunts at higher limits you sucker
Go Ben Go!!!

I'm growing more and more pessimistic as Oct 31 moves closer and closer and we hear nothing from UB/AP. We're about 65 hours away from Oct 31 and we've heard nothing. Is Oct 31 simply going to be another date that passes by?

Live help is no longer working.

To those that believe that USA cashouts should take precedence over the rest of the world. Really? Consider for a minute which governments actions got them into this situation. Will Cereus really feel that that countries players should be priority one?

I hope we all get paid out eventually but I really doubt USA customers will get some sort of preferential treatment. Wishful thinking tho.

This thread shouldn't become a US vs. ROW argument. We're all in the same boat. Not coming after you personally because you're not the only one ITT to bring this point up. Neither should receive preferential treatment IMO. Just because ROW players have received 2-3 $250 payouts does not mean it's "our turn" now.

That being said I think that because the alleged sale the KGC is referring to hinges on the DoJ's approval, it's common sense to believe that the return of US player funds is their first priority. If a sale is finalized I do believe that US players will be paid first by the new owners, with ROW players receiving a percentage of their balances and having to clear incentives/rake to get the rest out.

Just my 2 cents, no need to start attacking each other while the culprits of this mess still go unpunished.

Read the thread before posting dumb ****

Here's to hoping we all get paid out.

One one hand, since the DOJ hasn't made ponzi accusations against Cereus I kind of feel like it's possible for a deal to emerge in which US players get paid out in full and RoW get paid out over time. This assumes some sort of deal with DOJ and someone acquiring/rebranding in which player balances are significantly but not fully covered (idk, say 75%?). OTOH, that's a pretty sticky proposal for DOJ considering the ****-storm that would ensue if US players got paid 100% and RoW ended up getting stiffed for some % of their rolls (e.g., rebranded company can't get enough traffic to rake their way out of the _% deposit shortfall). FWIW, this has nothing to do with fairness or preferential treatment. I just think that if the best possible deal that could be had only covers 75% of deposits, this MIGHT be viewed as the most pragmatic solution ... I'd still handicap against it, though.

Maybe I'm jaded, but I don't share this view. I imagine that the first priority of the DOJ is to ensure their actions have positive cashflow for them. In other words they permanently seize enough funds to make their actions profitable. Their second priority is to ensure the big business that wanted this action taken in the first place gets what they wanted which is the short term removal of the business from the USA. Their motivation is not to save the helpless USA citizens from these evil corporations as they advertise but rather to pave the way for a monopoly for themselves in the future.

I don't see that the USA customers of this 'illegal' business as a true priority in any way. Stating that as an objective is a pretty obvious yet unbelievable attempt at influencing public relations.

Just my opinion, I do hope all players are made whole in short order.

I wasn't saying it was the right thing to do or what I wanted to see happen, just stating what I think is most probable. No doubt the DoJ has put their interests first and foremost, I was more talking in the context of US vs. ROW players' chances of being paid.

Not to start a semantics war, but it was never "illegal" for people to play online poker in the US.

/derail

I had three cashouts that were "processed" in the beginning of April, and after black Friday I was mailing and calling ap to see where the funds were and were told that all three had left their bank and were en route two me, and in the next week or so two of them were cancelled and put back into my ap account, while the third one has neither hit my bank account or been returned to my player account. Anybody else in the same boat as me with $ in limbo. US player fwiw

http://gamingcommission.ca/news/pr10272011a.pdf

Wow.

If this happens, what's the O/U on % of player's balances returned? I'll start the speculation at 17.5%

Just a thought (and based on nothing but my own speculation). If the company finds a buyer, it could go two ways. A ROW sale with ROW priority and US deposits contingent on prying money from the DoJ.

Or, Scott Tom's father lives in Las Vegas and its possible they could be negotiating with a partner there looking to hit the streets fully operational as Nevada ramps up intra-state legality. In that case, they might favor US (or favor neither). Other vegas entities are making software purchases, buying the software in the US could make sense if they get an exception for prior "illegal" activity of former owners. Such an exception would prolly be easier to come by in Nevada than under federal regulation.

Def not getting paid in full but still happy to hear this, havnt gotten a single cheque for 3 monthes. I'd say we get around 30-40% of our br's

Everything Cereus related is toxic. I can't imagine anyone would want to think of associating a new venture with even its ashes.

So the DoJ keeps the seized funds, Blanca liquidates and pays everyone x% of their balance worth and then GG? Guess that "sale opportunity" wasn't as close to completion as Lola thought.

I guess Lola's "sales opportunities" included the possibility of liquidation and sale of assets. I wish there was more clarity in that KGC release. Everything is so loosely worded and without any time lines of any sort.

So how much do you guys think the assets are worth? I might be wrong but in the FTP case, the DOJ never commented about any potential change of ownership. I doubt it's going to be any different in the cereus case.

This is by far the best hope although the way the Nevada law is currently, there will be no intra state online poker unless the feds pass a blanket U.S. law.

As for the O/U, I think I like the 17.5% number in a prior post. If the liquidation is done legitimately, this should not turn out like Tusk. This is different than the MG skins, Cereus actually has some tangible assets in their software.

A solid analysis of the situation can be found here: http://www.pokeraddict.net/