FBI seizes domains of pokerstars, full tilt, ub.. (UPDATE: Howard Lederer Interview)

[philly and the phanatics]

Stakes Are High For On-Line Poker Bill - ktla.com

sorry guys there was no FTR news link but i checked...


cliffs- poker online legalization in california ....unclear if there is goign to be a cali run site or what

[supa]

Fuck yeah, california rules!

[drmcboy]

cliffs- poker online legalization in california is being considered

fyp. there are a few of these floating around in different states

[philly and the phanatics]

ty...i should have specified that it was just a bill and in no way a certain thing

[Shotglass]

Fuck yeah, california rules!

Might only rule until California opts out of the Fed bill. Then you're stcuk playin ONLY other Californians.

[bikes]

unsurprisingly california's bill fails

[BennyLaRue]

I'm surprised. It's easier to get drugs in that state than it is to play a card game online for a few bucks?

[philly and the phanatics]

no the weed legalization bill failed this year as well

[BennyLaRue]

no the weed legalization bill failed this year as well

I'm talking about the ability to take advantage of "prescriptions".

[daven]

I'm talking about the ability to take advantage of "prescriptions".

so if you're able to convince a GP that your gambling is for medicinal/treatment purposes.....

[BooG690]

DOJ still targeting online gaming sites - Poker News - News, Views and Gossip

Just a warning gaiz

[EasyPoker]

came in to poast that

[daven]

just in case anyone has missed it - re DoJ and Merge
“DOJ Plans Action Against Merge” | Subject: Poker

[daven]

from iPokerVIP » Another Full Tilt Statement

Poker News

Another Full Tilt Statement

14 September 2011
By Godwin Maidment
Full Tilt has released another statement, this time detailing cost-cutting efforts. Pocket Kings plans to axe 250 jobs in Dublin to help cut costs by €12 million. The company also said that it is "fully committed" to returning the $150 million estimated to be owed to US players.
"On April 15th 2011 the United States Department of Justice unsealed a federal indictment against a number of individuals employed by major online poker operators. After the issuance of that indictment and a related civil case brought by the United States government, Full Tilt Poker withdrew from the US market. Then in a related action, on June 29th, 2011, Full Tilt Poker had its operating licenses suspended by the Alderney Gambling Control Commission.

As a result, Pocket Kings Ltd. (provider of marketing and technology services to Full Tilt Poker) has adopted a cost optimization program and estimates that they need to reduce their costs by approximately €12m. This program is intended to streamline the company’s operations in order to better position itself for future growth and profitability in Full Tilt Poker’s markets outside of the U.S.

If all of the required cost savings were to be achieved through redundancies, approximately 250 positions could be affected; however the exact number cannot be confirmed until the conclusion of a consultation process with its workforce.

Notwithstanding the foregoing, Pocket Kings firmly believes it has a very strong future in Full Tilt Poker’s Non-US Markets, and is fully committed to ensuring Full Tilt Poker restores the site and repay players in full. To this end, Full Tilt Poker has retained Sea Port Group Securities, LLC as its financial advisor with regard to raising capital and/or assisting in securing a strategic partner in order to fund continued operations of Full Tilt Poker's non-U.S. business. The Company is in active discussions with several parties and will provide a further statement in due course."

[daven]

$443 million in salary and dividends. WTF

BREAKING: DOJ’s Civil Complaint Amended, Alleges FTP Stole Player Funds | Subject: Poker

[baudib]

are we allowed to call it a Ponzi scheme now?

[Hawk]

I'm pretty sure you can now call any sort of fraud/embezzlement/theft a ponzi scheme if you want to get noticed.

[swiggidy]

I'm pretty sure you can now call any sort of fraud/embezzlement/theft a ponzi scheme if you want to get noticed.

Manhattan U.S. Attorney Preet Bharara did!

Howard Lederer, Chris Ferguson and Rafe Furst named by Manhattan U.S. Attorney in amended Black Friday civil complaint - ESPN

[rpm]

i'm not a greedy person, so maybe i'm just wired differently to some other people. but seriously, why do people who are already millionaires and professional poker players, also holding top spots in a very very profitable business venture (namely, gambling - guaranteed profits), need to steal money from the poker community which made them in the first place. seriously, as if FTP in its hayday wasn't making enough in rake on a daily basis to pay all the employees and head honchos a decent and proportionate sum, and keep the players' money, from which they are bleeding their all their profits anyway, in separate accounts. this just blows my mind. i mean, they get it all in the end anyway. the only sure direction which money will flow in poker is down the hole. all they do is sit there while the player pool's money gradually goes from players' accounts to theirs. so i don't get it. but then again, i know fuck all about the operations of businesses and investment and all of that stuff.

[drmcboy]

but seriously, why .

durr wrote

as far as i know there was 1 extremely bad decision made (the right decision would've been to stop processing to us players while still allowing them to play on the site), and a slew of terrible decisions made trying to avoid owning up to the 1st bad decision. What should've been an annoying problem after a few weeks, turned into a ****ty problem, then a really ****ty problem, and then a gaping hole capable of killing the company.

Q&A: Durr answers questions about FTP - Page 2 - Poker News - News, Views and Gossip

[bikes]

my condolences to americans who had monies stuck on and didnt have the opportunity to get it off =(

[rpm]

thanks for that, drmcboy. link was well worth the read

[boost]

my condolences to americans who had monies stuck on and didnt have the opportunity to get it off =(

nice thinly veiled brag.

[baudib]

I think durrrr means well and is trying to do the right thing. Hope this doesn't backfire on him.

[bikes]

Dwan on QJ. I hate this show a lot but listening to Tom makes it worthwhile atm.

also

French Investors Consider Purchasing FTP | Subject: Poker

[rpm]

I think durrrr means well and is trying to do the right thing. Hope this doesn't backfire on him.

yeah me too. would have been a fuckin tough spot he found himself in as well. i think he has made the right decisions for the most part.

[Roid_Rage]

One time please.

[boost]

one hundred pennies, one time?

[bode]

whatever happens, i hope they give us decent value for points. I know most people couldn't care less about that, but i have like $200 cash and $400 worth of points stuck.

[bigred]

I want to play internet poker again

[kevster]

Q&A: Durr answers questions about FTP - Page 2 - Poker News - News, Views and Gossip

Great link. No way are Ferguson, Lederer et al so stupid that they didn't know how company was structured or what they were getting themselves in to. Greedy cunts in the same bracket as the likes of Murdoch thinking they can do what the fuck they like.

[LastLife]

Someone might want to start a thread for the White House Petition.

5000 signatures guarantees a response from the White House.

I can't post any links, but it is in NVG on 2+2 and PC on P5s for the link.

[Roid_Rage]

Someone might want to start a thread for the White House Petition.

5000 signatures guarantees a response from the White House.

I can't post any links, but it is in NVG on 2+2 and PC on P5s for the link.

White House Petition - Poker News - News, Views and Gossip

[a500lbgorilla]

White House Petition - Poker News - News, Views and Gossip

Currently under maintenance.

[thelorax]

White House Petition - Poker News - News, Views and Gossip

signed!

[daven]

whatever happens, i hope they give us decent value for points. I know most people couldn't care less about that, but i have like $200 cash and $400 worth of points stuck.

i'm $0 cash and about $6k worth of points stuck on FTP. I still think that players should get their $$ paid out before points, although it obviously works better for me in reverse

[LastLife]

White House Petition - Poker News - News, Views and Gossip

Someone want to create a new thread for this on here? If I could post links I would.

[bode]

i'm $0 cash and about $6k worth of points stuck on FTP. I still think that players should get their $$ paid out before points, although it obviously works better for me in reverse

agree about $$ needs to be paid out before points, but i hope they give some kind of value for points in the end. It would be nice if they were able to do it like stars did and convert points at a set rate prior to making a 1 time cashout.

And i never understood why people waited and collected so many points? with that many, why didn't you just buy a bunch of BC cash bonus's?

[daven]

DOJ Moves to Seize FTP Board Members’ Funds | Subject: Poker

And i never understood why people waited and collected so many points? with that many, why didn't you just buy a bunch of BC cash bonus's?

these were only a recent option. And you can only clear so many $5k bonuses at a time. I used up a lot more points on bonuses than the points i now have left when i took a break and went to europe.

[fjuanl]

direct link to white house petition:

https://wwws.whitehouse.gov/petition...poker/KZ2KB7c1

[bigred]

i signed it

[ColdDecked]

BIG NEWS! Hope for FTP money!


"Full Tilt Poker and Groupe Bernard Tapie Sign Acquisition Agreement

Dublin, Ireland (September 30, 2011) Laurent Tapie, Managing Director of ‘Groupe Bernard Tapie’ announced today that the group has signed an exclusive agreement with the Board of Directors of Full Tilt Poker to acquire the company and all of its associated assets.

This agreement, which includes the repayment of Full Tilt Poker’s world-wide players in full, is subject to several conditions; the first of which is a favorable resolution with the United States Department of Justice. Discussions with the United States Department of Justice will begin immediately.

‘Groupe Bernard Tapie’ has over 30 years of experience in the salvation of financially distressed businesses, with over 40 companies acquired and managed to profitability, the most well-known being the sport equipment giant, Adidas."

News: Full Tilt Poker and Groupe Bernard Tapie Sign Acquisition Agreement

[drmcboy]

lets do this

[fjuanl]

Tapie added there was “still a long way to go” before the deal is definitely done but said he hoped to have the site reopened by January 2012.

Full Tilt exclusive: In his first interview, Laurent Tapie says he believes in the Full Tilt project and has the funds to repay players, but admits there is “still a long way to go” | iGamingFrance.com

[BooG690]

What that article doesn't say is that this French dude is also a grimeball who has been to jail for trying to fix a football match. Another grimeball running FTP. Awesome.

[Hawk]

I'm for it if it helps people get their money back.

[surviva316]

this French dude is a grimeball

I'm sure the article didn't mention it because this phrase seems quite redundant.

[fjuanl]

[bikes]

[Penneywize]

But where's the green ba...... ooohh, I get it, ha ha!