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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?
Yes
1,156 56.58%
No
887 43.42%

02-22-2012 , 07:03 PM
Quote:
Originally Posted by Salamander0
im pretty sure there is no actual end of Feb deadline. they just said they would like to have it done by then...
Yeah, link to deadline, if it exists?
02-22-2012 , 07:23 PM
this is a 2-star thread masquerading as a 3-star thread
02-22-2012 , 07:37 PM
this is a 1-star thread that has the potential to turn 5-stars or negative a billion-stars
02-22-2012 , 09:07 PM
this thread been awfully quiet the last 2 weeks...
02-22-2012 , 09:09 PM
Quote:
Originally Posted by 2Pretty2Lose
this thread been awfully quiet the last 2 weeks...
Well hoping for news within the next week, by march 1st this thread should go boom!! Lol
02-22-2012 , 09:42 PM
I got my popcorn ready
02-22-2012 , 11:08 PM
Quote:
Originally Posted by Go Get It
Yeah, link to deadline, if it exists?
From January 26 interview of Bernard Tapie at ICE in London:

Quote:
Originally Posted by Hash1982
http://www.gamingintelligence.com/ma...ilt-completion

Cliffs of article:

- FTP have agreed final terms of forfeiture agreement with DOJ.
- GBT can now hand over $80m needed to purchase.
- Tapie hoped to launch by March 1st but likely that he will miss that target.
- In negotiations with AGCC, expectation of positive outcome being announced soon.
- Tapie to rebrand FTP, same name but redesigning brand.
- End of Feb is next deadline, this is when the initial deal with DOJ expires.
02-22-2012 , 11:11 PM
Quote:
Originally Posted by tamiller866
From January 26 interview of Bernard Tapie at ICE in London:
TY.

Guess we will know something by March 1st. Whether or not another extension or good or bad news.
02-22-2012 , 11:17 PM
I emailed agcc to ask if they are in talks with GBT, they usually respond quite honestly. Will post undate when I get it.
02-23-2012 , 01:21 AM
Quote:
Originally Posted by Hash1982
http://www.gamingintelligence.com/ma...ilt-completion

Cliffs of article:

- FTP have agreed final terms of forfeiture agreement with DOJ on 24th Jan.
- GBT can now hand over $80m needed to purchase.
- Tapie hoped to launch by March 1st but likely that he will miss that target.
- In negotiations with AGCC, expectation of positive outcome being announced soon.
- Tapie to rebrand FTP, same name but redesigning brand.
- End of Feb is next deadline, this is when the initial deal with DOJ expires.
Can you please post a quote of what was actually written about the end of February deadline / expiriy of agreement? TIA.
02-23-2012 , 01:54 AM
Different article, same deadline:

http://www.maxpokerbonus.co.uk/poker...-name-players/

Quote:
The US Department of Justice has issued a resolution deadline of February 29th
02-23-2012 , 02:11 AM
Someone explain why the DOJ would issue a deadline? What benefit does it serve?
02-23-2012 , 02:12 AM
Quote:
Originally Posted by super_shark
So what hapens now, is it over?
March 19 will be very telling if we hear nothing up to that date
02-23-2012 , 02:14 AM
why March 19?
02-23-2012 , 02:15 AM
Quote:
Originally Posted by Zenzor
Someone explain why the DOJ would issue a deadline? What benefit does it serve?
I'm no expert. I don't know if I believe in this deadline. I would assume you wouldn't want negotiations going on forever and clogging up resources. These kinds of things cost a lot of money.
02-23-2012 , 02:34 AM
yeah im kinda curious as to what we should think if we happen to not hear anything by the end of this month/beginning of next..... because i'm like 99% sure that if the deal was dead that we would hear about it as soon as it happens. but at the same time, it wouldn't be "good" news either..
02-23-2012 , 02:38 AM
The significance of March 19 is that it is the current date by which most of the defendants have to answer or otherwise plead or get a further extension to do the same. It is a soft deadline to get the case settled or move the litigation forward. At some point the court is going to tell the parties to fish or cut bait but another extension isn't out of the question. Even if the litigation goes forward it does not rule out a future settlement.
02-23-2012 , 04:09 AM
so glad I quit this thread like 3 months ago
02-23-2012 , 04:24 AM
Guys,do you realize that you are pushing deadline dates further and further back?
First it was beginning of Jan.,now 19. of March is suddenly very important.It looks like clutching at straws.Anybody still thinks no news is good news?
That being said,I also want FTP2 to open and I will give them a ton of action.
02-23-2012 , 04:35 AM
The deadline to file answers has been March 19 since about Feb. 8.
02-23-2012 , 04:42 AM
Quote:
Originally Posted by exoendo
so glad I took a break from this thread like 3 months ago
Fixed your post...

Fwiw there aren't many places people can go to express their displeasure with the situation so many people choose this forum, this thread even, to vent some of their frustration and to find some little nugget of information that might help them feel a little easier about their missing bankrolls.

Some people feel better by being negative about the whole situation and others, like yourself, feel better keeping positive. One side shouldn't be mad at the other for coping with the problem in a different way.

People that have been ****ed out of a lot of money shouldn't be shed in a negative light because they have a different way of coping with it than you do...

Hopefully there will be good news soon! Until then if it makes you feel better to curse FTP and wish Howard, Ray and Chris had their nuts bashed then have at it imo.
02-23-2012 , 04:44 AM
Its thursday today, time for the big announcement that was promised to us...
02-23-2012 , 04:49 AM
Lately I have been looking at this case from a PR pov*.
From that perspective a "leaked Yahoo Finance story" totally makes sense.
Of course I am not objective about this, but I also know a little bit about these things.


*
Quote:
Originally Posted by Bubbleblower
I was thinking

What is the value of all the free publicity if there will be no deal?
Seems negative to me, even though the saying is there is no such thing as bad publicity.
We should have known about no deal by now.

On the other hand if they have a deal they want as much free publicity from it as they can get.
The negotiations being long over could explain the shift in focus to the player debts.
Bringing that story gives them the opportunity to brand their future pro's as the good guys, without having to pay anything for advertisement.
02-23-2012 , 04:51 AM
CORRECTION

Quote:
Originally Posted by DoTheMath
Do you have a source for this other than the Eolis article?

That article didn't actually say that the 29th was a deadline on which the deal would expire.
Quote:
Originally Posted by DoTheMath
Apparently the only deadline is that Tapie hoped to have the deal complete by that date and Wendeen Eolis chose to refer to that hope as a deadline.
I was wrong to attribute this notion of a deadline to Wendeen Eolis writing in PokerPlayerNewspaper. In fact it was a Feb. 3 article in Pokernewsreport.com by "David".

I'm sorry for the confusion.
02-23-2012 , 05:03 AM
Quote:
Originally Posted by tamiller866
Different article, same deadline:

http://www.maxpokerbonus.co.uk/poker...-name-players/
Yeah. This article contains no original reporting, and gives no quote or source for that deadline. It steals quotes from other sites. The article is dated Feb. 6. The notion of a deadline could also have been stolen from the PokerewsReport.com Feb. 3 article by "David".

The wording in the maxpokerbonus article: "The US Department of Justice has issued a resolution deadline of February 29th" is interesting, though. Is "resolution" the word you apply to finalize a deal, or rather, is it the word you apply to settlement of a dispute?

We still haven't seen an actual quote from the deal itself or from one of the parties confirming a deadline. Perhaps there is one in the subscription-only GamingInteligence article. Even if there isn't, I have to admit the more independent unattributed reports of a deadline there are, the more likely it is that one of them got it from an actual knowledgeable source.

      
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