.

94.9% of ROW players would have been fully repaid on day 1.

That includes you. Unless you have a few 100k on the site.

In any case this **** scares me. Poker stars is a rumor. GBT was a fact and I'm convinced they were serious. We have had many rumors (which never panned out) before obviously not at this level. I hope it's true.

That press release just sounds like sour grapes. "We were going to buy FTP and hold players' funds as long as we could, but the DoJ actually wanted people to be allowed to get their money out, so we had to bail. Now Stars will buy them and F them and the horse they rode in on."

An overwhelming amount of news in such a short span of time... If tapie just had of been more open with the struggles all along his stadium tour might have survived...

i wonder what tapie is now doing with his new companies and employees?

Very true I would have got my money... But tapie was only planning on paying out roughly a third of row funds right away

Not that it matters anymore.. And to be honest you're right, tapie holding onto some row cash for a year would have looked like an ok deal if stars falls through

You really think 5.1% of the players had more than 100k on the site?

What's the line on the amount the 5.1% had? Gotta be somewhere between 50$ and 1k imo.

Ha... All those people on three month contracts twiddling their thumbs...

Tapie was trying to work over the players as well as the doj. Stars knows what these sites are worth and jumped in and snatched it up with what appears to be a settlement fine as well. Stars is happy, players are happy and doj is happy. Also, been a couple sources that have said Tapie was not willing to cut the check for the 80M when he had his opportunity. GG Tapie, pretty sure this ends up much better for the players

Maybe 50k+ Whatever the cut off was. Many many account had under 50$. These forgotten accounts don't even have the minimum to cash out it's essentially free money for the site. These are all things the calculate and probably part of due diligence. I'm sure they had a model that worked for them as well as worked for most players (ROW players) can't speculate on US players.

So far reports are that, at least in the short term, Full Tilt Poker and PokerStars will operate independently. No word on whether rakeback will remain at the new Full Tilt Poker (FTP2) or the status of affiliates. PartTimePoker will update as more news comes in.

http://www.parttimepoker.com/tapie-d...-to-the-rescue

To be honest I feel so much better about stars than tapie

O RLY?

As far as getting paid, Stars has shown they can pay. Tapie is an unknown. So, I agree getting paid pack is better with Stars at the driver's seat. As for the future of poker, another big player for competition would have been nice. I'm in the USA, so whenever it's legal here, I think competition will naturally happen.

anyone else going to the strip club when we get paid? bottles on me bit****

Its GBT's press release. OF COURSE its going to be written to appear that the failure is DOJs fault.

IMHO, I'll bet DOJ's version would look something like:
"Our position is that in order to release the frozen FT assets to GBT, which are primarily comprised of player balances we want assurance that these will be immediately returned to the owners."

GBT obviously tried ten ways to Tuesday to get out from that because they want a mechanism to retain customers in light of uncertainty, but in the end, DOJ held firm.

Whether this is a good thing or a bad thing remains to be seen. But the fact is that we have all been freerolling on any deal since last April when the company was originally looted.

Personally if GBT were going to reopen for business but not actually give players complete access, then they haven't exactly been acting in good faith themselves and who knows what the future ACTUALLY held under them. A ponzi replaced by another ponzi is not the best case scenario. So I'm more encouraged today by mere rumours of a PS takeover to secure market share than I was by this mysterious benefactor equation. I understand the business logic of the former way more than the latter.

"Great Expectations" gives way to "Wall Street"

I do agree....

Diamond Flush,

What's the deal?

Thanks.

I wonder if the DoJ will just drive down Broadway throwing cash off the back of a float to players lining the streets?

Can't help feeling in these recession-straightened times that there might be some hurdles for claimants who neglected to declare their pokers to the IRS.

Time enough yet for the DoJ to show its caring side

I think its important to note that the DOJ paying us was specific to the deal with Tapie. If the Stars talk is true it could be as easy as logging in and clicking withdraw....just like we did on stars.

ONE TIME

makeitso.jpg

^^ and with brick and mortar casinos and their lobbying it could get pretty competitive....

I'd set the line closer to $1,000-$1,500. There were probably a lot of phantom deposits that were able to increase their BR that way.

Exactly.

I can't believe this is happening.

Pop the bottles for real this time fellas.

TOAST!