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Official FTP Relaunch Thread (OP updated October 26, 2012) Official FTP Relaunch Thread (OP updated October 26, 2012)

10-15-2012 , 06:51 PM
Quote:
Originally Posted by drezyna
I thought it was too good to be true.
I will be disappointed unless at least 20% rakeback (not counting points) is achievable for NL5 grinders, though software is still tempting as hell.
This is the problem. People who previously got min27% would be happy getting a 7% reduction. That is messed up
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-15-2012 , 07:27 PM
Quote:
Originally Posted by Fulzgold
Don't get your panties in a wad. Someone claimed a player < $3500 doesn't have to verify. Most likely wrong but a bit of clarification would help as this situation ISN'T THE SAME as EVERY OTHER POKER ROOM since players have all presumably verified prior to BF.
Some players will need to verify again because FTP is now under a different regulator.
Isle of Man requires verification if a player requests a withdrawal that in aggregate with all his previous cash-outs during the last month exceeds a certain amount. I assume the amount is $3500. So even players with smaller balances may be required to verify later on.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-16-2012 , 01:19 AM
What will happen to funds that were withdrawn from account the day before Black Friday. For example I had just cashed for 1k, withdrew 400, and left 600 in. It seemed as if the 400 vanished into thin air. Will that money be refunded to account for remission process, or am I just out luck?
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-16-2012 , 01:36 AM
Quote:
Originally Posted by BensSaturn
What will happen to funds that were withdrawn from account the day before Black Friday. For example I had just cashed for 1k, withdrew 400, and left 600 in. It seemed as if the 400 vanished into thin air. Will that money be refunded to account for remission process, or am I just out luck?
You´re ****ed. U will never see those 600 again. Also go ahead and read the thread.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-16-2012 , 06:13 AM
Quote:
Originally Posted by BensSaturn
What will happen to funds that were withdrawn from account the day before Black Friday. For example I had just cashed for 1k, withdrew 400, and left 600 in. It seemed as if the 400 vanished into thin air. Will that money be refunded to account for remission process, or am I just out luck?
I have the same issue, contacted support - they said that money will be refunded back to account.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-16-2012 , 06:19 AM
Will swedes be able to send non-nordic people their funds at relaunch, if one perhaps sold his roll? Sorry if this has already been asked.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-16-2012 , 09:00 AM
27. What is going to happen to affiliate deals and accounts? And balances that are still owed on there of course?

Just got this lovely email from Full Tilt about outstanding affiliate payments, basically they will not pay any affiliates.
Quote:
Dear Leslie,

As you may be aware, The Rational Group, which operates PokerStars, obtained certain assets of Full Tilt Poker as part of a settlement reached with the US Department of Justice Southern District of New York.

Under the settlement agreement with the Department of Justice, The Rational Group committed to make available for withdrawal the online poker account balances of all non-U.S. players of Full Tilt Poker. FullTiltPoker.com will launch on November 6, and from this date forward non-U.S. players will be able to withdraw their balances, which relate to previous player activity on the site. These funds will be made available for withdrawal out of the Rational Group's own resources through funds which will be transferred by the Rational Group into segregated bank accounts.

Other than the non-US player balances, The Rational Group did not assume any liabilities of the previous Full Tilt Poker companies and therefore previous contractual agreements that Full Tilt Poker may have had with affiliates were excluded. As such, The Rational Group is not liable and will not pay for any affiliate earnings which may have been due to you under your agreement with any former Full Tilt Poker company.

For those accounts where player funds are commingled with funds derived from affiliate earnings, The Rational Group will only be making the portion of the funds relating to your previous player activity available for withdrawal.

Separately, as we are working around the clock to get the new FullTiltPoker.com site up-and-running by November 6, we are unable to offer an affiliate program for Full Tilt Poker at this time. We do intend to launch a new affiliate program in the first quarter of 2013, under the Rational Group, which will be a joint program with PokerStars. This future program will give you the opportunity to promote and earn from both brands. We look forward to engaging with you on a new partnership going forward.

Sincerely,

Full Tilt Poker
Pretty poor showing from Full Tilt under their new owners PokerStars. I'm pretty sure with this news the new Full Tilt will be a flop.

Last edited by leslierad; 10-16-2012 at 09:09 AM. Reason: added quote from question #27
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-16-2012 , 10:38 AM
Not only will they ignore any outstanding payments due, but this email also states that any affiliate commissions that were already paid out, but still sitting in the FTP account, will be deducted from the account balance.
I really hope I'm reading this wrong, but I'm afraid I'm not.
This is beyond disappointing, this is outright theft.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-16-2012 , 10:47 AM
Quote:
Originally Posted by brrrrrr
Not only will they ignore any outstanding payments due, but this email also states that any affiliate commissions that were already paid out, but still sitting in the FTP account, will be deducted from the account balance.
I really hope I'm reading this wrong, but I'm afraid I'm not.
This is beyond disappointing, this is outright theft.
If Pokerstars bought certain Full Tilt assets and certain liabilities, and the only liabilities where to pay non U.S poker player balances, how is this theft?
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-16-2012 , 11:07 AM
The reason why it is theft is simply because several Affiliate payments had already been paid into player accounts, in my instance already submitted for cashout.

Clearly making it fall under "non-US player balances" as the payment was made into my player account and I could have played with the funds at the time and formed part of my outstanding balance / bankroll.

the company must make available to foreign players all balances that were held inthe Full Tilt accounts within 90 days

While the whole issue itself stinks making an agreement with the DOJ surely does not entitle them to make an agreement for ROW players and Affiliates, they really should just do the right thing and payout all what is owed or unfortunately I believe the site will forever be tainted with no chance of salvation.

They sure did pick the wrong group of people to mess with in affiliates, I'm sure many will remove both brands from their listings and news.

Last edited by leslierad; 10-16-2012 at 11:35 AM. Reason: added quote
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-16-2012 , 11:09 AM
Because the money that's sitting in the account is called a player balance. All of it.
Now they are going to decide that an x part of it is affiliate money, and they're going to take it away.

Then they might as well take out all the money that was received through player transfers, because under the same logic that also doesn't constitute player balance.

Or the rakeback that all the players received through an affiliate. Or the bonuses for that matter.
This makes no sense.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-16-2012 , 11:20 AM
Quote:
Originally Posted by brrrrrr
Because the money that's sitting in the account is called a player balance. All of it.
Now they are going to decide that an x part of it is affiliate money, and they're going to take it away.

Then they might as well take out all the money that was received through player transfers, because under the same logic that also doesn't constitute player balance.

Or the rakeback that all the players received through an affiliate. Or the bonuses for that matter.
This makes no sense.
What ever it may be called what it is, is a payment for promoting the site. So probobly not covered by the DOJ agreement.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-16-2012 , 11:31 AM
Quote:
Originally Posted by leslierad
27. What is going to happen to affiliate deals and accounts? And balances that are still owed on there of course?

Just got this lovely email from Full Tilt about outstanding affiliate payments, basically they will not pay any affiliates.


Pretty poor showing from Full Tilt under their new owners PokerStars. I'm pretty sure with this news the new Full Tilt will be a flop.
Lol...Its not going to be a flop..

Its guna be great. 3 more weeks cant wait
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-16-2012 , 11:39 AM
Has anybody recieved a reply from Full Tilt yet confirming there cashier balance?
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-16-2012 , 12:02 PM
Quote:
Originally Posted by wotutalkinabaaat
This is the problem. People who previously got min27% would be happy getting a 7% reduction. That is messed up
Nobody is happy and pokerstars should take this into consideration.
Like many others I hoped for flat and decent rakeback.
On the other hand we don't know details so it is too early to criticise. If I remeber correctly rake taken from microstakes games was bigger (in a percentage of pot) than standard.
New owners of FTP read this forum and they know what poker community wants. I hope they'll make smart choice.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-16-2012 , 12:10 PM
no point emailing support if you have any query regarding your account (or lack of)... i got some automated reply saying they will be in a position to look into it come relaunch.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-16-2012 , 12:58 PM
I'm very confused with this affliate information. I thought they stated before that they would be paying our rakeback which is due? Does this mean they will take away all the rakeback we have ever received? and the bonuses we received?
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-16-2012 , 01:04 PM
It's not going to be a flop because of affiliates, it's gonna be a flop because the poker market is saturated already and no US players. Pokerstars definitely knows what they're doing and FTP is going to be a very long term investment for them.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-16-2012 , 01:19 PM
Quote:
Originally Posted by leslierad
27. What is going to happen to affiliate deals and accounts? And balances that are still owed on there of course?

Just got this lovely email from Full Tilt about outstanding affiliate payments, basically they will not pay any affiliates.


Pretty poor showing from Full Tilt under their new owners PokerStars. I'm pretty sure with this news the new Full Tilt will be a flop.
I think you should go back to lurking. That won't make you look stupid as hell.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-16-2012 , 01:25 PM
Quote:
Originally Posted by leslierad
The reason why it is theft is simply because several Affiliate payments had already been paid into player accounts, in my instance already submitted for cashout.

Clearly making it fall under "non-US player balances" as the payment was made into my player account and I could have played with the funds at the time and formed part of my outstanding balance / bankroll.

the company must make available to foreign players all balances that were held inthe Full Tilt accounts within 90 days

While the whole issue itself stinks making an agreement with the DOJ surely does not entitle them to make an agreement for ROW players and Affiliates, they really should just do the right thing and payout all what is owed or unfortunately I believe the site will forever be tainted with no chance of salvation.

They sure did pick the wrong group of people to mess with in affiliates, I'm sure many will remove both brands from their listings and news.
It was pretty obvious they were doing this, and I think you grossly overestimate the effect affiliates have over these brands. As soon as FTP introduces their new affiliate program there will be a long queue of both big and small affiliates waiting to sign up - Including those who got burned the worst by this news.

FWIW the company I work for lost low 6-figures because of this, not including future earnings, but we weren't expecting anything different.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-16-2012 , 04:10 PM
La forma en que los jugadores son recompensados ​​será, en gran medida, simplificada y los jugadores cualificados recibirán pagos en efectivo semanales. Estos pagos se basarán en el número de Puntos Full Tilt acumulados, a razón de hasta $2.50 por cada 100 Puntos Full Tilt obtenidos.


email to me said $2.50 every 100 points, what % of rakeback is?
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-16-2012 , 04:44 PM
One 1$ in tournament rake used to yield 7 ftps.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-16-2012 , 04:49 PM
Quote:
Originally Posted by itaba
La forma en que los jugadores son recompensados ​​será, en gran medida, simplificada y los jugadores cualificados recibirán pagos en efectivo semanales. Estos pagos se basarán en el número de Puntos Full Tilt acumulados, a razón de hasta $2.50 por cada 100 Puntos Full Tilt obtenidos.
Я думаю, это около двадцати пяти процентов
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-16-2012 , 05:12 PM
Quote:
Originally Posted by moremore
Я думаю, это около двадцати пяти процентов
일주일에 얼마나 많은 바다 가재 야?
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-16-2012 , 05:12 PM
Quote:
Originally Posted by mashxx
One 1$ in tournament rake used to yield 7 ftps.
It was 10/$ for 9 months before shutdown. Why are people still quoting the 7 number?

I also agree that affiliates are vastly overestimating their effectiveness. People signed up through them to get rakeback on FTP. They didn't sign up to FTP because of the affiliate.

If this frees up money that would otherwise be paid to affiliates for essentially doing nothing then I'm in favour of it.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote

      
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