my source announced to me that there will definitely be a next week.

most likely containing of 7 days with at least 1 tuesday in it!

not funny anymore

going with this b4 Chinaman

Wow. There's no announcement. Someone LIED on the Internet. Or had bad information. I am shocked. Color me shocked. I need to sit down, I'm so shocked. Look at all the shocks I give. Shocked . . .

Were people really expecting an announcement today? Even if China had inside information, it was exceedingly unlikely that it would all be worked out this soon. I just wish I could get this worked up over something that predictably didn't happen. The anger and vitriol directed at China - whether he lied or not - makes no sense to me.

1st off I said I wouldn't post till the deal is announced but I still have till tonight at midnight and I came across a lot of stuff people would like to know that has come to my attention.

I have learned that Pokerstars could effectively send out a press release and say we have agreed to terms with the DOJ. They are not doing this because they want to give everyone the exact details of how they are getting paid when they do make such a press release.

The reason they are not doing that and the only remaining factor stopping them from doing that is the player payouts and how they will be handled. Basically it is a game of hard ball with the Department of Justice and it all comes down to money.

The DOJ wants to handle things out of concern for money laundering and tax evasion. They will also benefit from people who have died or don't even know that this deal is happening which could amount to large amounts of money in their pockets but their main concern is the money laundering and tax evasion.

I have been told that the DOJ has mentioned that they intend on attatching 1099s if they handle the payouts but there is one thing screwing that up. For larger amounts like let's say Joe Blow has 39 k in his account. They don't want to get in a huge mess of 1099s going to a guy with 39k but he deposited 40k etc... and there are other factors as well

Stars on the other hand wants their hands in the money as well. They want to handle the payouts for a couple of reasons. First is they would also reap the benefits of player money that goes unclaimed which could amount to a lot of money. Their stance with the DOJ is that they can do it faster and easier and the players can just be responsible for their taxes. They also want to do it this way because they desperately want to get to the world series so they can start to re-brand FTP and they will be able to market again in the U.S. as part of this deal and set up booths again at the RIO.

Another thing a lot of people were asking about is the echecks and I have learned this is going to go one or 2 ways.

The first way is to freeroll everyone on the echecks. So that would mean any echecks that weren't withdrawn from players bank accounts WILL NOT even be deducted at all even if they have partial records of whom owes what.

The other way is to dig through the mess and some people will get freerolled and some will not. I am told they do not have complete records of who owes what as a lot of this info is long gone.

So if you are one of those guys who didn't have echecks deducted from your account then you could be very well be getting a freeroll because they don't even have the records for some of these.

Another thing I learned is as part of the deal Scheinberg will be free to go any where in the USA and not face prosecution.

There is also a rumor but not confirmed that he may be stepping down from Pokerstars in the very near future.

So basically it is all coming down to money and that's what is taking place now. The most likely outcome of this I am told is that Stars will probably back down as the days get closer and they will let the DOJ handle the payouts. If they do this then they get to have a presence at the wsop and start rebranding FTP in front of a mass audience as well as market Pokerstars ads on TV etc.

If they keep talking with the DOJ about how they want to handle the payout process this could drag on and Pokerstars does not want that. They would effectively be wasting time and they don't get to advertise back on U.S. soil.

But at the same time they want to handle the payouts for U.S. players because they will get their hand in the cookie jar for a lot of cash. But in the end like I said it is most likely they back down as the days go closer so they can get back on US soil to advertise.

Thats all I got for now. My source tells me whenever they agree to let the DOJ handle the payouts their will be a press release and this is more than likely going to be the scenario.

If they want to battle with the DOJ over letting them do the payouts then this could drag on until everything is set in stone on how the process will be handled etc.

So more than likely I am told we will see Stars back down, let the DOJ handle things, and then they can have the deal announced and make their presence felt at the wsop again

Thats all I got

Have a good day

Too bad a creative liar is still a liar.

you forget to mention that this statement is a slam dunk and 99,9% accurate!

Oh wow shocking. China man concocted a story that basically says the deal is going to take more time. Never saw that one coming. Good thing his bets were with imaginary people. Dude just take your lame "inside info" and tell it to the 3 followers of your radio show and website. You are not an insider.

1st off I said I wouldn't post till the deal is announced but I still have till tonight at midnight and I came across a lot of stuff people would like to know that has come to my attention.
you contradict yourself in the very first statement

dude we can't even count on 100% with you

And why would stars care about marketing to a market that can't play on the site? Really grasping at straws now.

tonight is your deadline....not posting till an announcement is a different matter...you lied to us!!

Hahahahahahaha I love how he keeps pointing out he has until midnight tonight and yet he is already making excuses for the fact that NOTHING IS GOING TO BE ANNOUNCED. Absolute joker. And even after today, he will continue to post this BS from his "sources". So looking forward to that.

So there will be an announcement by the "suits" when they have an agreement. Right now they don't have an agreement. Maybe they will and maybe they won't. They would like to agree, but so far they haven't. So actully this whole thing was nothing more informative than what DF and others in the know already said or guessed !! What a total waste of time , again. Time to move on people. Nothing new here at all!

On and one other thing I forgot to mention. Pokerstars has already begun the process of hiring new people for software stuff at FTP etc.....

Anyone who is able to research properly and then make commonsense arguments could've figured all of that out china...I mean really?

How long from announcement to site going live China?

It's people like you that keep this clown going.

Yes as soon as they agree on the payout scheme. They both want it their way. And Stars is most likely going to back off and end this very soon.

If they don't then this could drag on for a while. They want booths etc set up for WSOP

They are still hoping to get access in the US when everything becomes regulated which for some states is supposed to be this year

I just got more inside info from china. The new FTP will indeed still be a poker site. It also will still be an online poker site. Also the site may or not be available in the us. Lastly the new FTP will have rush poker as long as they include it in the software. Thanks china mans secret sauce.

lol, no harm in asking

No one really answered my question... are guys like Tom Dwan, Gus Hansen, Mike Matusow and Phil Gordon still technically considered pros at FTP, or not? Because if they weren't, why wouldn't they have gone to Stars? And if they are, then when-(if) FTP comes back, would that mean they would still be online pros there?

Post more.

[ ] chinamaniac knows the first thing about settlement agreements, particularly those where the US government is a party

Maybe I was not clear in my total distain for someone who takes general knowlege and obvious circumstances and tries to make "insider info on breaking news" out of it. And then feeds it, to a group of hopefull strangers who simply want what they have had stolen from them returned, as the salvation to their problems. You belong on the 700 club or a commentator on Fox News or MSNBC !