meh

If Tony G succesfully sues the AGCC, how much will they have to fork out? And who would the money go to ??

There are 2.5k people on the island. Maybe they'll just give us the whole thing.

i dont understand

There's very little money in suing the AGCC. The hope would be that it would close the place down, put the scum out of work, and pressure authorities to consider criminal prosecution.

Also Tony G is just attention whoring. This will go no where that requires real time or financial investment on his part.

The story seems legit - also here:

http://www.tdg.ch/actu/economie/poke...ise-2011-10-12

The article seems to mention 10 US residents.

Over 18 million Swiss francs were seized by the courts of Geneva on September 26 as part of online poker games, announced on Wednesday the newspaper La Tribune de Genève on its website . The money was seized from accounts opened with a bank in Geneva by 10 suspects living in the United States, who organized and founded Full Tilt Poker, Pokerstars and Absolute Poker. Dario Zanni, the prosecutor in charge of the investigation, confirmed the information and does not exclude that there are other funds related to online poker in other Swiss banks...

good ****

keep at it boyssss.

Worst case scenario theres no way we're not getting a small % im starting to think.

Just noticed that another site running the Swiss story, www.europe1.fr, lumps PokerStars together with FTP and AP in calling them 'pyramid scams':

"...Full Tilt Poker, Pokerstars and Absolute Poker...These sites are in fact pyramid scams, because the funds deposited by the last player got used to pay the previous players."

******ed sites be ******in'.

better ignore those for everyone's sanity

Tony has a huge financial incentive in getting Alderney shut down, so it's more than just attention whoring, and in my opinion a lot worse.

Someone should hit up Ifrah dawg and ask him about this.
Not me ofc, I'm off to shoot some hoops

Yes please, I feel I've been bombarding him recently already.

This isn't news, it's just leaking out from the meeting in Dublin earlier this week. This was apparently the basis of the "deal is off" claims that some sites were reporting.

I need to post to get on Harry's side here. He may be a passionate Mediterranean pessimist, but those attacking him are naive and struggling to see the bigger picture.

You guys need to pick your battles. Harry didn't steal your money. He's just telling you how he sees it. Even if he's not as close to the deal as he'd like, he's a lot more informed than a kevmode sitting in his dad's basement.

I am highly suspicious of people attacking Harry, and I think others should be too. bbfg and blackfriday415 i'm looking at you. Can YOU prove you're not associated with this mess and have NO vested interest? If not you are just as entitled to your opinion as Harry.

Don't shoot the messenger, shoot the guy that stole that message. - and the $440m that went with it.

This isn't the best quote to show it, but you're line of reasoning is: no deal has been established up to this point and a number of other interested investors have opted not to buy FTP for this amount, hence the company isn't worth said amount.

That's not logically correct reasoning. You say that a implies b based on a very limited number of trials, while in reality the reasons that a led to b can differ greatly and those reasons would neither be available to you or any other person posting. Of course it reflects on the likelihood that a deal is realistic, but there are a lot of variable elements in this (in everything where humans are involved), and you can not have a profound understanding of those based on 2p2 and news articles. It's just not possible to know (for anyone at this point I'd guess, especially not for the average 2+2 poster or you though) and it isn't even realistic to claim that you can make a very accurate guess.

Just to demonstrate the stupidity of many contributors????? to this thread...

Please compare like with like

The Bin LAden comparison is not valid.

The reason he was caught after consoderable time was that things did actually change which in Bin Ladens case was better intellegence on his whereablouts which were unknown prveviously.

With FTP nothing ahs changed

The player funds totals owed have not altered but the overall pricetag has maybe even gone up and as nobody has been prepared to meet that pricetag which is in the least not decreasing nothing has changed so if it was no bargain 6 months ago or 5 or 4....1 month ago then it is still not a bargain or good investment today.

Of course it may become a bargain if the US liabilities are met by others rather than an investor but as of today there is nothing to indicate that this (A MAJOR CHANGE FROM WHAT EVERYONE IS EXPECTING) has occurred and as such there is no chance of an investor saving FTP with a deal paying all the players.

Interesting to note that in interviews quoting Tapie he has refused to take the opportunity to make a declaration or be quoted that his deal involves all players getting all their money back but he mentions RoW players being offered equity and refuses to comment on player fund repayment and details of the same.

This is a serious deviation from all players being offered all their money back and which some seem to think this deal means.

BTW this is getting VERY tedious for me too in having to correct people because they cannot understand basic English and what is written in front of them and which forces me to correct their inaccurate interpretations and made up stories repeatedly.

Maybe the mods can split the containment thread in 2 - one for news and gossip and the other one for views. This whole "the World v. Hdemet" argument, who said what etc. makes the thread impossible to read.

You've said all to each other, guys, and many times over. Now please don't go for another round and wait for actual news.

I promise you that 80% of those attacking harry aren't doing so because of his opinions. Many in this thread have pessimistic views.

he's being attacked because:

1) he continually speculates but presents said speculation as fact
2) he throws out his personal evaluations for what assets are worth, but wont back up his assertions with any concrete data other than some variant of "it just is"
3) He categorically ignores any sign of good news and pretty much puts that stuff out of sight and mind
4) He literally spams the thread whether he is asked to or not with literally the same stuff over and over. It's like he is determined to hammer negativity into every crevasse with a sledgehammer.
5) Some have accused him of ulterior motives. His posts certainly read that way sometimes (my opinion)

If he would just cut back on the ego games and stop treating his opinions as already proven scientific data, I think most people would have less of a problem with him.

p.s. going to sleep, if someone responds they will have to wait til tomorrow for me to answer back

This is going to be my standard response to drivel like this from now on.

"You can fool some of the people all of the time"

Believe what you want but I am happy with my reasoning and am confident the sun will rise tomorrow morning.

And you would also believe that black cats crossing you from a certain side would implicate that you are due to have terrible luck, if that happened twice to you before. ^_^

Your way of reasoning is psychologically a great example to show how superstition arises.

Why are we even conceding that Tapie is going to have to fork out $300mil? That's not the way he buys companies.

What he will likely do is get line(s) of credit for $300mil to show the DOJ that the funds are available for all the players to withdraw, then start selling shares in the company based on his $300 million valuation.

Then he will make payments on the debt off of rake from new (segregated) deposits, but he will probably bargain for a period of time to delay withdrawals.

He may have to put up a few dollars initially if his payments are greater than the income, but he already has Partouche lined up to buy shares and surely others, so he's never going to be reaching into his wallet for anything remotely close to $300mil.

This guy is like a Donald Trump, he's a deal broker of other peoples money.

PS I shall always reply to serious comments and discussion in an appropriate manner.

What's funny is that you think your normal long winded rambling is an improvement over copying and pasting replies.