Quote:
Originally Posted by Bene Gesserit
The brand name FTP could certainly be brought back out by some new management in the ROW just like keeping the old label on a beer can after you absorb the brewery! A new FTP would likely be much smaller at first and operate much differently. If all went well they might grow again into a major site. It's a lot of ifs and maybes and would require a whole lot of money. I doubt it will happen, but I disagree that it can't happen!
As it stands the ROW has lost at least $150m due to FTP / US Government UEIGA / the DoJ / American Directors stealing funds depending on your viewpoint.
Internet Poker is perfectly legal in ROW. Like smoking a cigarette and drinking a beer, assuming you are of minimum age. We are not subject to US laws.
FTP now falls into the same category as all those other sites that left town without paying players.
Some forget these sites are regulated. The regulators regulate against most eventualities but it's hardly fair for them to legislate against the action of mindless foreign governments. Sure, US had a problem with their residents playing but that shouldn't mean ROW loses cash.
DoJ should do the right thing and return these funds to ROW. The US players can then sue their own thieving director residents for the money stolen from their citizens in their courts and on their own time.
Sure gonna be interesting to see how many of the foreign bank accounts that have been frozen by DoJ, actually end up getting seized. Pokerstars got it books in order so 'all but $5m' of the Luxembourg account was handed back to PS i.e ROW. Same will soon apply to FTP.
Some of that cash didn't come from US players and didn't hit US shores, so how is it laundered in the US? Same probably goes for a percentage of the processor funds seized.