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FTP Discussion Thread (Everything but big new news goes here. Cliffs in OP) FTP Discussion Thread (Everything but big new news goes here. Cliffs in OP)
View Poll Results: Do you want the AGCC to regulate the new FTP?
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1,156 56.58%
No
887 43.42%

06-07-2012 , 06:50 PM
Quote:
Originally Posted by whatwonder
why do you think this, and why do you think he is making this stuff up?
She did what everyone has done. Compared his posts to reality and found them wanting.

There's no way to know why. I'm sure you can come up with some likely reasons though.
06-07-2012 , 06:55 PM
I am thinking that the trophy would make a fine target if we want to take it out in the desert for some shooting. We would have to replace the batteries though because the glass ball lights up.

Found this: http://qlbrodie.blogspot.com/2006/01...bal-poker.html
06-07-2012 , 06:56 PM
Quote:
Originally Posted by NeedsToBeSaid
She did what everyone has done. Compared his posts to reality and found them wanting.

There's no way to know why. I'm sure you can come up with some likely reasons though.
something about feeling unloved as a child. And as a quasi-adult.
06-07-2012 , 06:59 PM
Bit of a random post, but noticed this on a total off-chance before:

https://flippa.com/ending-soon

Notice chinamaniac's venompoker.com site is listed for sale, ending in 2 hours. Minimum bid $1,000. Buy it now price, $10,000. Lol. Doesn't seem he has much of a plan for his site. Username of seller, "chinamaniac"

Like I said, noticed this totally randomly earlier when my friend was showing me this domain auction site.

Also I had to laugh at the bit that says "Fantastic Existing Poker Website For Sale"
06-07-2012 , 07:00 PM
Quote:
Originally Posted by ShipItYo
which part? or all of it?
Pretty much all of it. He did get right that it's different than the Tapie deal tho! Must be a great source.
06-07-2012 , 07:04 PM
Quote:
Originally Posted by SAIBOT24
Bit of a random post, but noticed this on a total off-chance before:

https://flippa.com/ending-soon

Notice chinamaniac's venompoker.com site is listed for sale, ending in 2 hours. Minimum bid $1,000. Buy it now price, $10,000. Lol. Doesn't seem he has much of a plan for his site. Username of seller, "chinamaniac"

Like I said, noticed this totally randomly earlier when my friend was showing me this domain auction site.

Also I had to laugh at the bit that says "Fantastic Existing Poker Website For Sale"
produced smile on my face =)
06-07-2012 , 07:05 PM
Quote:
Originally Posted by Diamond_Flush
Pretty much all of it. He did get right that it's different than the Tapie deal tho! Must be a great source.
i hope the green eye monster isn't setting in,lol








jk
06-07-2012 , 07:12 PM
Quote:
Originally Posted by robkey69
i hope the green eye monster isn't setting in,lol








jk
nah, not my style. He's just wrong.
06-07-2012 , 07:15 PM
Quote:
Originally Posted by Diamond_Flush
Pretty much all of it. He did get right that it's different than the Tapie deal tho! Must be a great source.
, would like him to be right.
06-07-2012 , 07:33 PM
well, my question is pretty vague and simple...

I've always considered myself very optimistic that we would get paid EVENTUALLY. I never jumped on the next week boat, but I always thought there was a very good chance we'd get paid.

However, at this point I don't really see much to be optimistic about. It seems to me that the reasons to be pessimistic heavily outweigh the reasons to be optimistic about repayment.

FWIW, this is not a "fml close the thread its over" post. I was just wondering, what reasons do we even have to be optimistic at this point?
06-07-2012 , 07:36 PM
Can someone explain to me why FT would be allowed back into the US market and PS would not be allowed into the US market. I keep hearing people say this.
06-07-2012 , 07:40 PM
Quote:
Originally Posted by TONZ
Can someone explain to me why FT would be allowed back into the US market and PS would not be allowed into the US market. I keep hearing people say this.
Neither is being allowed back into the US market unless/until UIGEA is repealed or overturned, or unless Congress explicitly passes legislation making it legal, it's that simple.
06-07-2012 , 07:46 PM
Quote:
Originally Posted by ShipItYo
well, my question is pretty vague and simple...

I've always considered myself very optimistic that we would get paid EVENTUALLY. I never jumped on the next week boat, but I always thought there was a very good chance we'd get paid.

However, at this point I don't really see much to be optimistic about. It seems to me that the reasons to be pessimistic heavily outweigh the reasons to be optimistic about repayment.

FWIW, this is not a "fml close the thread its over" post. I was just wondering, what reasons do we even have to be optimistic at this point?
There are probably a few reasons to be optimistic about it. Or, if at not necessarily optimistic, at least not pessimistic, either.

But the one that really matters (imho) is the case deadlines in the recent scheduling order. The progression of dates in that order is often indicative of settlement negotiations between parties that, while certainly not complete, are progressing in a fashion that leads the parties to think settlement of issues in dispute is, in fact, possible.

What is entirely unconfirmed is the exact characterization of terms of any settlement between PS and DOJ, just a lot of back seat theorizing on what such a settlement might likely entail.

There are certainly a lot of reasons why the parties involved would wish to reach a settlement, but each party's reasons are not necessarily aligned with those of the other parties.
06-07-2012 , 07:48 PM
Quote:
Originally Posted by Diamond_Flush



Because I know it to be wrong.
How? Do you have any information on the likelihood and/or time-frame of this deal going through?
06-07-2012 , 07:48 PM
Quote:
Originally Posted by Mondogarage
There are probably a few reasons to be optimistic about it. Or, if at not necessarily optimistic, at least not pessimistic, either.

But the one that really matters (imho) is the case deadlines in the recent scheduling order. The progression of dates in that order is often indicative of settlement negotiations between parties that, while certainly not complete, are progressing in a fashion that leads the parties to think settlement of issues in dispute is, in fact, possible.

What is entirely unconfirmed is the exact characterization of terms of any settlement between PS and DOJ, just a lot of back seat theorizing on what such a settlement might likely entail.

There are certainly a lot of reasons why the parties involved would wish to reach a settlement, but each party's reasons are not necessarily aligned with those of the other parties.
ahh ok gotcha, thanks for the educated response
06-07-2012 , 07:48 PM
Quote:
Originally Posted by TravisD411
Honestly though at least this guy has offered the forum entertainment
That's highly debatable.

I won't speak for anyone but myself, but I don't consider an ignorant narcissist, demonstrating that narcissism and ignorance to others, a form of entertainment. YMMV

I'd suggest he try the 2+2 Comedy Forum if that's his goal.
06-07-2012 , 07:54 PM
Wait, shipityo claims to be optimistic? wut
06-07-2012 , 08:04 PM
Quote:
Originally Posted by ShipItYo
ahh ok gotcha, thanks for the educated response
I'll go just a bit further. First off, I don't know *anything* about the details of this stuff. I only know, through experience, how parties involved in federal litigation can arrive at a case management schedule, and why certain deadlines are set.

That said, PS has a lot of motivation to settle. Mostly, Isai wants to stay out of prison, and have freedom to travel amongst nations that do have extradition agreements with the U.S.....

Next, PS very much wants to be able to enter an eventual legalized U.S. market, at whatever time that becomes possible. Getting DOJ to agree not to stand in their way would be a requirement of that.

It's been said the judge has no intention of signing off on a settlement that guarantees no jail time for Isai, however. Assuming that to be true, that creates a very large hurdle to PS agreeing to any settlement, considering that there is no settlement without Isai's agreement on the terms. That said, I think the whole claim is unsubstantiated bull**** extrapolated from something the judge may have said in a different matter.

The one other real impediment I can see to PS and FTP coming to an agreement, will be that DOJ won't be agreeing to anything that can be seen as an endorsement of legalization of online poker transactions. But an agreement doesn't have to include language that DOJ gives a thumbs up, only that they won't objection to eventual market re-entry.

There's also a bunch of ways to interpret what PS purchasing FTP assets would entail. I'm of the opinion that this would be solely to clear the decks for PS, and that PS has zero intention at all of ever actually operating FTP as a separate, functional poker site again. Rather, they'd buy the assets (software, customer lists, etc.), use what they can benefit from, and use player repayments as their sort of cost of doing business of clearing the DOJ.

Remember, as FTP presently has zero market share anywhere in the world, there's no current ongoing revenue or business to take over. There's brand identity, but if PS purchases FTP and doesn't operate it as a going concern, then even PS' marketing costs don't have to go up to account for two separate "competing" sites, they don't have to deal with the affiliate rakeback issues that buying FTP would entail, etc. In other words, not operating FTP is a smarter business move.

All of that is just a whole bunch of ifs, however.

One would think the parties can, and should, be able to work to a settlement. But in my experience, that doesn't always happen, even when it's in every party's interests to do so.
06-07-2012 , 08:04 PM
So DF and anyone else on this forum who has a BIT of an idea as to what is going on, is telling us not to hold our breathe for anything anytime soon?
06-07-2012 , 08:10 PM
Quote:
Originally Posted by Huskermoney00
So DF and anyone else on this forum who has a BIT of an idea as to what is going on, is telling us not to hold our breathe for anything anytime soon?
That's a fair operating principle.

If a settlement is reached, we'll all hear about it then, through simultaneously issued press releases by PS, DOJ, and anyone else who is a party to the eventual agreements.

Then again, it's also highly likely that the terms of the settlement (e.g., paying back players' accounts) are implemented until after the judge accepts any ensuing plea agreement from the criminal defendants, so it's likely that this will not be a case where "ZOMG DOJ announced an agreement" is immediately followed by getting your money back.

And all of that is why some "day 1A of the 2012 Main Event" target is silly.

Because the DOJ doesn't give a **** about WSOP, and each party's motivations to settle don't change one iota relative to the 2012 WSOP, or any other poker event on the calendar, and there is no rapidly-approaching deadline in the case that makes settlement in the next couple of weeks a "now or never" proposition.
06-07-2012 , 08:18 PM
Quote:
Originally Posted by Mondogarage
Neither is being allowed back into the US market unless/until UIGEA is repealed or overturned, or unless Congress explicitly passes legislation making it legal, it's that simple.
yes obv.

but i see people posting that if it is legalized then stars would not be able enter but FT would.
06-07-2012 , 08:40 PM
Quote:
Originally Posted by TONZ
yes obv.

but i see people posting that if it is legalized then stars would not be able enter but FT would.
Gossip sites make up crap to get hits. Then ******s repeat it.
06-07-2012 , 08:42 PM
Quote:
Originally Posted by PJo336
Wait, shipityo claims to be optimistic? wut
i may have had a few "fml its over" posts recently, but thats largely due to the emo/depressive state this has put me in lately.

at this point i honestly dont know what to think or feel, but in the past i've been a pretty heavy optimist.
06-07-2012 , 08:47 PM
Quote:
Originally Posted by Mondogarage
That said, PS has a lot of motivation to settle. Mostly, Isai wants to stay out of prison, and have freedom to travel amongst nations that do have extradition agreements with the U.S.....

Next, PS very much wants to be able to enter an eventual legalized U.S. market, at whatever time that becomes possible. Getting DOJ to agree not to stand in their way would be a requirement of that.

It's been said the judge has no intention of signing off on a settlement that guarantees no jail time for Isai, however. Assuming that to be true, that creates a very large hurdle to PS agreeing to any settlement, considering that there is no settlement without Isai's agreement on the terms. That said, I think the whole claim is unsubstantiated bull**** extrapolated from something the judge may have said in a different matter.
The issue with this judge isn't just about things he has said, it's about actions he has taken in similar SDNY cases, including rather famously throwing out criminal charges against officers of a company after SDNY reached a deferred prosecution agreement with the business.

I know that other respected posters have remarked that judges don't 'declare war' on federal prosecutors, but this particular judge already has, so SDNY is likely going to wait until after Beckley is sentenced at the end of this month to ensure there isn't an "All charges against three offshore poker company executives dismissed" headline in the papers rather than the "Prosecutor gets $1 Billion from poker company" story leading the news.
06-07-2012 , 09:18 PM
Could this be the reason why we won't hear anything for at least another couple weeks and why some may be speculating an announcement on the heels of this timeline (which just so happens to also be around the time the main event will be running)?

      
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