I've never heard of a poker site claiming a third-party offers some sort of insurance on player funds.

A reasonable menu of play fund protection options is listed by the UK Gambling Commission online here: https://www.gamblingcommission.gov.u...mer-funds.aspx

Someone who is in the UK (I am not) should be able to easily see what the various brands offer in terms of fund protection.

Good for you, but that isn't what I was implying.

The bank that holds Flutter/Stars client funds could go bust. They used to bank with RBS which did in fact require a government bailout during the banking crisis.

As this event would likely lead to Flutter/Stars themselves becoming insolvent, taking out insurance against it wouldn't seem an unreasonable action.

**** Kentucky.
Or more to the point, **** their corrupt politicians. I remember having to sweat all this bullshit.

Poker bad, Bourbon good.

And to all you alcoholics in Kentucky who liked internet poker, you'll just have to stick with your bourbon.

"Bourbon whiskey production is permitted across the United States, but is highly concentrated in Kentucky, which produces in excess of 95% of all bourbon."

https://meticulousblog.org/top-10-co...et%20%E2%80%93

meanwhile ggpoker breaking every sort of rule in every possible country paying 0 licenses by having players play with vpn through skin sites that are controlled by random unknown agents. Pure comedy at its finest, prohibition all over again.

The purchase agreement in these transactions usually includes an indemnification for losses arising from, in connection with or related to the ownership of the applicable assets and the operation of the business prior to the closing.

Since this particular lawsuit was known prior to the sales occurring, it may have been dealt with specifically in the purchase agreements and it could have been that it was specifically included in an indemnification provision or specifically excluded from indemnification or it could be something in the middle with a limit on the indemnification.

Generally when I'm on the buyer side and we know about something in particular we want to include it specifically in the indemnification provision and still include the blanket indemnification for general ownership of the assets and operations of the business prior to the closing as well as other standard indemnification provisions such as indemnification for false representations and warranties contained in the purchase agreement.

But theoretically the issue could be dealt with by negotiating a lower purchase price based on the known possible liability and not be fully indemnified for it.


Some of my terminology above assumes the transactions were structured in certain ways, but I don't know how these transactions were actually structured. The same general principles likely apply in any event though.

On the upside though, cigarettes are still only $5 a pack in Kentucky. Is there a place in the western world where they are less expensive? If I lived there, I'd probably take up smoking again.

are you guys ok?

What in that post would make you think I'm not ok?

Costa Rica, where you can likely also play on Stars I believe.

I doubt it is going to be easy to collect this judgment if owners have no u.s. presence

On what basis do you rest your belief ?

Google PokerStars ?

PokerStars is currently licensed in two US States.

Google Flutter, also ?

https://www.flutter.com/our-business/our-brands

The company that owns PokerStars also owns a ton of US-facing operations.

This is not going to be good for lower rake

$1/pack in mexico, come stock up

I hate Stars.. so this certainly brought a smile to my face..

But, surely they would just declare bankruptcy in the USA? I mean, they cannot sue a business that is not even located in the USA?

Also.. surely that amount would reduce drastically anyway?

That says they have 11 billion in assets right now, ~600million of which is in cash (though if I'm reading correctly half is in "deposits" so that may be player funds which are untouchable for obv reasons)

Not that this is a small fine but

A. It will continue to be litigated back and forth
B. It may be substantially lowered or erased
C. I assume it won't be paid in a lump sum

I doubt they are calling investors for a cash injection

NJ is in the US, so is PA

Intangible assets and good will is basically what Flutter thinks the pokerstars brand and platform is worth. It is not cash and cannot be converted into cash (readily).

Yeah from what I can tell they really don't have the money needed to pay something like this, and they also don't have enough assets that are easily converted into cash.. Flutter will probably have to pony up the monies. If this turns into something they actually have to pay, that is. I don't know how legal wranglings work I can only read a financial statement lol

maybe they could give them some of the 5.4 billion in Goodwill

As someone from the Commonwealth..........I apologize for our contributions (and I use that term very loosely) to this nation.

The bourbon is good at least .....best airport bar ever, try the bourbon tasting stand, where you can get mini-shots of many, many different bourbons for about $2 each, iirc.

Getting into hypothetical baseless speculation about what Flutter might do here is a waste of everyone's time, even by NVG's standards.

As IhateJJ correctly noted above, people with actual money on the line here (ie, with skin in the game, rather than anonymous people on this forum who have no consequences for writing nonsense) seem to have little concern about this. Flutter's share price is up almost 10% this month.

If you think the stock price is wrong, then you should stop posting on this forum and go make some money.

This is not expert advice. If you want expert tax or legal advice, see an accountant or lawyer and don't rely on anonymous sources

This is Louisville, I assume?

Last time I was in Kentucky was for the 1998 NCAA Div. II Elite Eight tourney. We stayed at the Galt House, right there on the Ohio River waterfront. They had a cool little bourbon bar on one of the floors. If you really liked something, there was also an on-site liquor store where you could get a fifth of it shipped to your home.

At the time, I was still a couple years away from getting into small batch bourbon, so I just bought a bottle of Jim Beam premixed mint julep. (I'll pause here for laughter.) But looking back, I can't imagine what flavors I missed out on – not just at that hotel but throughout the state – simply because I didn't know any better.

Okay, and with this post, I must now pour myself a Knob Creek Single Barrel and read some more 2+2 threads until dinner time.

Don't know wtf you're on about regarding my post. I right in there wrote I have no knowledge of legal wranglings and wether stars will have to pay or not. I just said they seemingly would not be able to pay at this moment - which is correct (and you haven't countered in any way). I literally made no comment about wether this fine will be held to stars or not and even went out of my way to say I don't know anything about it yet you still attack my post in a way implying I did just that wtf lmao