Kentucky Supreme Court reimposes $870m fine against PokerStars - Poker News

"Two years ago, almost to the day, the Kentucky Court of Appeals overturned an $870 million judgment against PokerStars. Today, the state’s Supreme Court re-reversed that decision, putting its new parent company, Flutter, on the hook for that eye-watering amount."

https://www*****inepokerreport.com/4...kerstars-fine/

https://wfpl.org/kentucky-supreme-co...st-pokerstars/

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12-17-2020 , 05:13 PM

RalphWaldoEmerson

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Join Date: Sep 2014 Posts: 5,963

I mean we all hate 'Stars but what's the evidence that it's a "criminal syndicate"?
Ah ok the first link explains in more detail, but had to google cuz the characters are removed here.
Thanks for posting

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12-17-2020 , 05:20 PM

any four cards

grinder

Join Date: Mar 2019 Posts: 513

more rake is better for kentucky

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12-17-2020 , 05:35 PM

GreenSmoke85

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Join Date: Aug 2007 Posts: 4,427

seems legit...

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12-17-2020 , 07:40 PM

alberthofmann

grinder

Join Date: Nov 2016 Posts: 670

That's is a ridiculous high number, even for a big company Like flutter/PokerStars this will be freaking huge. Wondering if they have to pay in one payment or rates. Iirc correctly flutters revenue is only couple of billions, so this is a gigantic fine for them.

Guess massive rake increase coming

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12-17-2020 , 07:47 PM

TRUSTtheDRAWCESS

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Join Date: Nov 2016 Posts: 2,775

Don't worry guys, I'm gunna grind a lot this weekend, so my rake will have that covered by Monday.

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12-17-2020 , 08:13 PM

Loctus

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Join Date: Nov 2008 Posts: 11,159

uhhhhhh gg pokerstars. Gonna need one hell of a cash injection from the owners to not collapse. Or sell off a lot

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12-17-2020 , 08:22 PM

Dr. Meh

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Join Date: Aug 2013 Posts: 3,346

Gg stars.

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12-17-2020 , 08:28 PM

BruhKGB

grinder

Join Date: May 2004 Posts: 415

If you remember back in the UIGEA days, Kentucky was at the forefront of pushing to seize domains and whatnot. Def not an online-gaming friendly state at all.

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12-17-2020 , 08:33 PM

#10

AmazingErvin

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Join Date: Jan 2006 Posts: 10,163

I can't stand horseshit like this. Not like the money is going to go back to the players that lost either. And a nice aggressive 12% interest rate to boot?

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12-17-2020 , 08:39 PM

#11

_jimbo_

old hand

Join Date: Apr 2011 Posts: 1,439

This is a disgrace. From what I have read, Stars generated $18m in revenues from 2006-Black Friday in Kentucky specifically. So what kind of ridiculous shakedown is this supposed to be and how are they getting away with it?

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12-17-2020 , 08:47 PM

#12

jfound

banned

Join Date: Apr 2012 Posts: 2,389

good i wish pokerstars nothing but pain with their support and everything they have done

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12-17-2020 , 09:11 PM

#13

PokerPlayingGamble

Dispute Unresolved

Join Date: Mar 2018 Posts: 4,669

can they actually collect? and should i cash out asap

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12-17-2020 , 09:32 PM

#14

dhubermex

old hand

Join Date: Aug 2010 Posts: 1,672

Here's some commentary derived from one of the articles linked in OP.

I've bumped the 2011 NVG thread for those who are interested in the background of KY vs. PokerStars.

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12-17-2020 , 09:40 PM

#15

Dr. Meh

veteran

Join Date: Aug 2013 Posts: 3,346

I’m no legal scholar but this news would make me cash-out ASAP if I had any money on there.

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12-17-2020 , 09:44 PM

#16

GazzyB123

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Join Date: Jan 2012 Posts: 5,968

^ don't listen to utter drivel like this, all player funds are ring fenced on PokerStars.

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12-17-2020 , 10:11 PM

#17

_jimbo_

old hand

Join Date: Apr 2011 Posts: 1,439

I don't think there is cause for alarm. It seems unlikely that they would get anything approaching this amount but Flutter can raise capital quickly as they have done in the past and will likely sue the Scheinbergs in the worst case scenario. The whole thing just seems completely ridiculous to me. Kentucky are a cash starved state and trying to use some 200 year old legal technicality to generate a massive payday at someone else's expense.

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12-17-2020 , 10:28 PM

#18

Dr. Meh

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Join Date: Aug 2013 Posts: 3,346

Quote:

Originally Posted by GazzyB123

^ don't listen to utter drivel like this, all player funds are ring fenced on PokerStars.

Sure, and it was all safe and secure on Full Tilt and Stars pre Black Friday, too

Either way, it’s my opinion, not drivel. You can disagree but that doesn’t make it drivel. In fact, put more bluntly, I would run for the hills.

Tell me, what harm is there in cashing out just to be safe? Worst case scenario, you have to deposit it back IF they’re still around when the dust settles.

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12-17-2020 , 10:39 PM

#19

flipya4dinna

grinder

Join Date: Jun 2012 Posts: 524

There was a time i used to root for Stars. Now **** em.

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12-17-2020 , 10:55 PM

#20

flipya4dinna

grinder

Join Date: Jun 2012 Posts: 524

Quote:

Originally Posted by GazzyB123

^ don't listen to utter drivel like this, all player funds are ring fenced on PokerStars.

The player funds are ring fenced whilst operating, if they were to go bust players become unsecured creditors and the lawyers will see to you getting nothing, nadda, nilch.

Last edited by flipya4dinna; 12-17-2020 at 11:00 PM.

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12-17-2020 , 10:55 PM

#21

RalphWaldoEmerson

Pooh-Bah

Join Date: Sep 2014 Posts: 5,963

Maybe Im uninformed but why is the assumption ITT so far that KY would be able to collect on this?
Pokerstars isn't an American company so my assumption would be it has no legal obligations here except to NJ and NV where it operates.
I doubt Pstars gives a flying **** what the court of KY rules.

Quote

12-17-2020 , 11:28 PM

#22

Dr. Meh

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Join Date: Aug 2013 Posts: 3,346

Quote:

Originally Posted by RalphWaldoEmerson

I would assume the Kentucky Supreme Court wouldn’t have bothered with the case if their ruling didn’t matter. Then again, common sense and government rarely mix well.

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12-18-2020 , 12:11 AM

#23

AmazingErvin

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Join Date: Jan 2006 Posts: 10,163

Quote:

Originally Posted by RalphWaldoEmerson

This IMO. I don't live far away and would be sweet for Kentucky to stop being stupid but don't see any reason why Pokerstars even cares about a Kentucky??

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12-18-2020 , 12:24 AM

#24

tercet

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Join Date: Mar 2006 Posts: 8,001

I doubt PS will pay anytime soon, they will only pay a portion once Adelson dies and PS has a chance of re-entering the US market.

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12-18-2020 , 12:38 AM

#25

aoFrantic

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Join Date: Apr 2007 Posts: 25,221

Quote:

Originally Posted by Dr. Meh

I would assume the Kentucky Supreme Court wouldn’t have bothered with the case if their ruling didn’t matter. Then again, common sense and government rarely mix well.

Your posting itt has been very, very bad.

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