http://www.youtube.com/watch?v=IhnUgAaea4M

You might want to mention how the only reason this guy was in with the feds in the first place is because full tilt tipped them off about him. now they have supposedly the only person who knows enough about the poker companies to screw them over by the balls, and guess what, he gives them up to get off himself. full tilt reaping what they sew imo, shame for the players tho.

hahaha that sounds like me

So should US players download pokerstars.eu or keep logged in to the old one?

Can anyone answer this, was it not obvious for years that U.S players were playing on these sites, and if illegal why is it only now something is being done about it?

I'm 100% confident!

I'm surprised it isn't more. On a $100 6 max table rake is, what c. 4PTBB/100?

What's a decent long term win rate for a decent grinder on those tables? 2PTBB/100?

So for every 100 hands played by a losing player against the winning one, on average Stars will take off the table:
$8 rake from the winner
$8 rake from the loser

and the winner will take $4 off the table and add it to his PS account.

And ooh if he's a SN+ he might get an extra $4 or so in RB equivalent.

So I'd expect Stars to take $16:$8 from deposits which makes 2/3rds.

Profitable business if you don't get greedy.

From calvinayre.com (The cliffs were not written by me; I copied and pasted from his site, he seems to have a good handle on the situation)

"Which brings us back to Tzvetkoff. Following Intabill’s 2009 collapse, Full Tilt’s parent outfit Kolyma Corporation filed civil charges against Tzvetkoff, but all that lawsuit really accomplished was to attract a lot of media attention to the sums being generated by the online poker industry. Tzvetkoff’s recent Courier Mail profile suggested his April 2010 arrest in Las Vegas came as the result of a tipoff from Full Tilt, whose execs were presumably frustrated when their court case failed to deliver the desired results. In turn, Tzvetkoff’s August 2010 release from prison was seen as a payoff for his willingness to dish the dirt on former clients, like Full Tilt. And round we go…

Honestly, if there’s a moral to this story, it’s that if you truly believe law enforcement is dying to stretch your neck, it’s probably best not to volunteer to put your head in the noose by filing a purely symbolic lawsuit that has little or no chance of succeeding. You also might want to take a pass on worshipping at the feet of the next ‘wonderboy’ that comes along."

dont give them credit.

they will post random humour even if their mom dies

Noah Boeken on QuadJacks live right now!!

Link: http://www.ustream.tv/channel/quadjacks-black-friday

IS this NOahSD

Please don't let this go away, when US regulates its market its obvious they will raise rake so we can bring this up.

Yes, but we will spell it "humor"

Read more: http://www.foxbusiness.com/technolog...#ixzz1JhEN4meH


Lol, cracking jokes in a $3 billion lawsuit.

Not much you didn't know but here is what bodog emailed me.

A few things that I think are obvious, but based on some of the posts, may not be:

The defendants named in this indictment are pretty ****ed assuming that they are extradited to the U.S. The teeth of the problem has nothing to do with online poker as a game of skill or luck, but it's the money laundering and, more particularly imo, the bank fraud charges that are not very defensible imo. And then there's still the UIGEA stuff that has to be dealt with, and that could be an interesting legal debate. To the many people that are surprised by what they are reading and have learned about the sites, did you live in la la la land all this time? How did you think they operated? I was under the assumption that most people knew a lot of this was going on, including the government, but that the sites and processors were excellent at creating a nearly invisible trail, and I think they did because it took that douchebag to spoonfeed the DOJ all the info. Fwiw, I think it's absurd and it really, really angers me that the sites and processors were forced into doing all this ridiculousness just to run a legitmate business. Obv in the camp with the other "lol wall street steals billions and ruins the world but go after online poker" people. **** this ****.

As far the people saying the sites "will be shut down," that language implies that the gov't may be shutting down the sites. That's not at all true. Gov't can't do that at all. If the sites shutdown globally, it will be their own strategic choice. Personally, I doubt that they will shutdown. There's money to be made in the international market and servicing the international community is really irrelevant to this case. They didn't even have to pull out of the U.S. market (like AP/UB, and the other U.S. serving sites are still running); they chose to pull out of the U.S. market but were not required to. I'm assuming this is a sign of good faith to the prosecutors and to limit any liability. Continuing to operate in U.S. while facing the feds might piss them off, and is not a good legal negotiation strategy when you're kinda ****ed to start with.

Regarding getting your money off the site, I'm in the camp of leaving it on the site instead of trying to send it to some nameless processor. I highly doubt any of the withdrawal requests to U.S. players would be processed anyways, so I think we're all on this boat. It's going to be locked up for a while during the litigation process, but I think you'll see some, if not all, of your money down the road.

Ok, just realized this didn't really say much, but posting it anyways since I wrote it.

Based on...?

Using a VPN or proxy doesn't work if your account is registered in the States. I'm outside of the States, but have a US-based account and can't do anything right now.

Personally I think that it's safer to leave money with Stars right now as opposed to having it in the hands of some processor. I'm sure that eventually Stars will get you your money, I'm not sure that some 3rd party company will. Of course I had just made an e-check withdrawl about 12 hours before all hell broke loose, and I have no idea if I'll ever see that money.

Seems to me that PS ant FT would have been prepared for this kind of thing happening and will be doing fine outside the US, but I don't see how they'll ever be able to operate in the US, regulated or not, which really sucks.

Has any site, ever, at any time in the universe, **NOT** said that?

It's a completely value-free statement.

I'm in Sweden and I just tried to start FTP, said there was an updated needed and I couldn't DL the update. Sooooo.

They had to wait for what they thought was the perfect time to strike.

I just accepted a tech support job with one of the above to start next week after months of searching and I already handed in notice at my current temp job... Can never catch a break :0(

I hope they can get a fast injunction on this

Pokerstars is saying that for players outside US its business as usual, but for US players all real money play has been disabled

i requested a withdraw via Moneybookers at Friday 2011-04-15 14:40:02 ET and i got the automated message from FT minutes later that said is PROCESSING. but nothing since then. no approval no money etc.

is this only because of weekend? anyone from Europe successfully withdrawn via Moneybookers since this all mess begins?

now on my Cashier if i try to request another withdraw:
- via Moneybookers it says "We cannot process your transaction. Please try again later" is this because i already have an pending/processing Moneybookers withdrawal?
- via Visa seems like working (it took me to the amount & cc data screen) but i didn't proceed further

btw, even for European players is safer to leave money on FTP/PS instead of initiating an Moneybookers (or Visa) withdrawal?