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Breaking News: PokerStars has acquired Full Tilt Poker
Breaking News: Poker Stars has acquired Full Tilt Poker
Online poker giant PokerStars reached a settlement today with the US Department of Justice. As part of the settlement agreement, PokerStars will fully acquire former poker rival Full Tilt Poker for a reported $731 million. PokerStars will pay $547 million to the US Government over a three-year period. | Read more
Great news! We finally get our money back!!
Good stuff Natalie. Natalie I can't see behind the desk. Are you an Iceberg?
While this is positive news if you are in the US probably best to hold out celebrating too much until you find out how exactly the rest of the process is going to play out...Originally Posted by bookiebutcher
smoker you probably do have a small (and i mean fukin tiny) shot with her but you will have to give an HERCULEAN effort, I mean go for it harder then you have EVER (and i do mean EVER) gone for it with any other female. If you think I am only talking about fukin candy, flowers, cards, etc etc, ohohohoh man, you are sorely mistaken
i am talking about fukin helicopters, trips to europe, pure-bred lobsters, truffels, precous stones and diamonds, learn to play the fukin classical acoustick guitar, memorize fukin shakespear and poetry, learn how to dance all those fukin Motesart dances, learn about wine and cheese and oysters and classical music, etc etc
you can do it but are you up for it? i didnt think so
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This post was nominated 2
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People who nominated: daimoshokage, and Extra Innings
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too bad i never played poker
Loskak I am good guy. I know how to romance a woman. Flowers, chocolates, poems, cooking, etc. I'm a smooth operator. I am up for challenge. Natalie is so sweet and so kind and she has beautiful dogs as well. I am also animal lover. I've worked at animal shelters before. You lucky guy loshak you get to work with her. Tell her I said hi and I am good peoples
Why does DOJ profit from this sale????
Did you miss the part where pokerstars is paying them another 700 million (without the DOJ having to present their case in court) which includes pokerstars pays off the balance of non-US players (relieving them of that huge PR headache)?
Big picture. The UIGEA was violated, and PokerStars wants a piece of the American pie as more states look to establish some form of interactive gaming (internet poker). Nevada will have internet poker for residents in a few months.
Fortunately for Stars, they are successful enough to where they could work it out financially in a way that kept everyone happy and keeps them in line for major deals in the US as legislation allows.
Poker played you...
Damn rosy picture as long as you can overlook that it still unclear the process/hoops the US players at both Fulltilt and UB/AP are going to face to get paid back, how these poker sites were doing anything different to get around the UIEGA then all the off-shore sportsbooks were also doing and continue to do, and, of course I can't leave out (due to your sexy avatar and everything), what the landscape in the US will look like if the outspoken anti-internet gambling prohibitionist Romney gets elected...
where is howard lederer? ray bitar?
lots got off scott free (phil ivey,,,)
DOJ is the worst man shit
hmmm, CarpeDime . . . i think you might be on to something there ;-)
So many messed up questions over this.
1. Isai Scheinberg gets all charges dropped as long as he never works in online gaming again?
2. $731M settlement is $231M more than Goldman Sachs had to pay for literally ruining the world economy.
3. Where does B&M fall now? When Black Friday happened, it seemed like B&M lobby money was well spent letting the DOJ nuke the American market so they can emerge. The thought that Stars can apply for a license is looney tunes.
4. What value is there left in the FTP brand? Especially after hearing Ponzi scheme to describe it for the last year and a half?
Great news.
Ttwarrior will finally get his 8 bucks back.
Lets talk abou the truth for a second here................ Having the major poker sites closed to Americans has probably saved millions of dollars from the 99% of players who were going to lose anyway.
Opening the sites back up will jus be funneling money to other countries from hard working Americans
Ftp had the best software and pokerstars says we will be able to transfer money between both sites which will be sick. lots of value left in the ftp brand with pokerstars running the show. now pokerstars next move is to bring the fishy americans back.
Crossing fingers that this might be a sign that US gets online poker back sometime in the near future. I miss Pokerstars.
Lou, would that be good news for players who had lost funds at (use-my-wallet/quick-tender) last year which was siezed simultaneously in the same process (Black Friday)? I was badly affected losing over $5k last year while in transit to my bank account. Do we still have any hope of getting our money back. Anyone please, any news on that....Thanks
Last edited by rowand13; 07-31-12 at 11:52 PM.
SBR Newsbite: Full Tilt Poker Update
Another former Full Tilt Poker executive is out on bail. Nelson Burtnick had to fork over $500,000 while he awaits trial in connection to the Black Friday online poker crackdown in the US. Burtnick is a co-defendant with former CEO Raymond Bitar. SBR reported on July 31st that online poker giant PokerStars acquired Full Tilt Poker as part of their settlement with the US DOJ | READ MORE
Last edited by SBR Natalie; 08-01-12 at 05:01 PM.
i actually prefer the inbred lobsters. some of them have three claws...
read some stuff here
http://forumserver.twoplustwo.com/29...-back-1229299/
http://forumserver.twoplustwo.com/29...se-pp-1228781/
lovely accent you have there. New jersey?
cant have it all Landers, you play darts
alot to learn here yet and a very long way to go
The fish are never coming back, ftp software is average.
...
the big question for full tilt's u.s. Players: Will they get their poker winnings back?
within the next five days, pokerstars, the world’s biggest online poker company, will pay the u.s. Government $225 million as part of a $557 million forfeiture. The u.s. Government will use some of the proceeds of the forfeiture to compensate u.s. Online poker players who had about $150 million on deposit at full tilt poker, the online poker company that the government has described as a ponzi scheme.
preet bharara, the u.s. Attorney in manhattan, put together this highly unorthodox deal to, in his words, “allow us to quickly get significant compensation into victim players’ hands.” bharara’s efforts will for certain achieve that for full tilt’s u.s. Customers, but some of them might still end up being disappointed with the result.
the big question for full tilt’s u.s. Players: Will they get their poker winnings back? Several sources familiar with the situation say no decision on this vital issue has been made, but there are people at the department of justice who are uncomfortable with the idea of paying u.s. Players money that was won in online poker games played on full tilt’s web site. “the section that is in charge of the remission fund hasn’t decided that question clearly and that is the next big issue,” said jeff ifrah, a lawyer who worked for full tilt poker.
the ultimate decision on this issue will be made by the department of justice’s asset forfeiture and money laundering division, which operates out of the department’s headquarters in washington. It will administer the remission fund that will be funded with money secured by bharara’s manhattan office, which will likely weigh in and give its recommendation on what it thinks should be done. Either way, a significant amount of money will wind up in the hands of full tilt’s u.s. Customers, but there remains the potential some of the playes will be repaid much less than they had hoped.
the department of justice has consistently taken the position that online poker violates u.s. Law. This position is what led to bharara’s crackdown on the online poker industry in 2011, the shut down of the u.s. Facing web sites of pokerstars and full tilt, the indictment of 11 individuals, and a $3 billion civil forfeiture lawsuit. Since online poker is a no-no, according to the federal government, lawyers working for the government are not so sure that the department of justice should be paying out money that was won in online poker games.
numerous sources close to the matter told me the decision could go either way and was too difficult to call.john pappas, executive director of the poker players alliance, the washington d.c. Lobbying group, said it would be “ludicrous” for the government to not pay u.s. Players what they had on deposit at full tilt and said his group will “play a role in the process.”
pappas claims it would be inconsistent for the government not to pay back all the money that was on deposit by u.s. Players on full tilt given that the government allowed pokerstars to pay back all the money that its u.s. Customers had on deposit after the federal crackdown on online poker last year—and that the u.s. Government was ready to let full tilt pay back its u.s. Clients in a similar fashion, which only did not happen because full tilt didn’t have the money. Now, pappas reasons, not only does the u.s. Government have the money, it’s also allowing pokerstars to fully refund the winnings of full tilt’s non-u.s. Customers. “it would be unfair for players who were successful online to be shortchanged from what they have rightly won and quite honestly lawfully won,” pappas said.
still, the government might point to some subtle differences, like the fact that the u.s. Government views online poker as being legal in some foreign jurisdictions, but takes the position that it’s not in the u.s.
http://www.forbes.com/sites/nathanva...winnings-back/
pappas also said it could be a logistical nightmare for the u.s. Government to figure out how much players deposited on full tilt instead of just paying back what they had on deposit in april of 2011. There is still a lot riding on what finally gets decided in washington.
so the synopsis to the article is USA is ok with its citizens wagering money on online poker as long as it's on foreign jurisdiction(s), but yet they didn't fully realize how they could just keep the money they're receiving from PS and not have a PR disaster on their hands. To be continued....
P.S. The Gov't doesn't want to do the math on their end to figure out how much money each US person is owed to and should be paid to..
cant think of a site with better software...believe most would agree FTP was easily the best in that department.
who cares, you still cant play with your own money...stupid republicans
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