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BooG690
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Join Date: Mar 2009
Posts: 1,439
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Blanca Gaming Considering Liquidating Assets to pay American Players « Poker Blogs
ONE TIME
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That's how winners play; we convince the other guy he's making all the right moves.
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BooG690
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Join Date: Mar 2009
Posts: 1,439
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More big news: MGM and Boyd Gaming Team Up with Bwin.Party « Poker Blogs
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That's how winners play; we convince the other guy he's making all the right moves.
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bikes
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a hot damn mess
Administrator
Join Date: Nov 2007
Posts: 2,449
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BREAKING: GBT and DOJ Strike Deal, FTP Sale Pending | Subject: Poker
After weeks of waiting, Subject: Poker can confirm that Groupe Bernard Tapie and the US Department of Justice have come to terms that allows GBT’s acquisition of Full Tilt Poker to continue. If FTP’s current shareholders agree to acquisition of their company, this deal with the DOJ will provide for payment of all players worldwide.
Multiple sources have confirmed to S:P that the following email went out this morning to Tiltware shareholders from Ray Bitar:
Dear members,
I am pleased to announce that today the Department of Justice and Groupe Bernard Tapie have reached an agreement in principle regarding the acquisition of the companies comprising FullTiltPoker. My understanding is the deal provides that in exchange for an agreed upon payment by GBT, and a GBT commitment to assume responsibility for payment of ROW players, DoJ will reimburse US players and settle the outstanding civil litigation with the companies comprising FTP. Beyond these conditions, issues like the time frame and process for repayment of players remain unclear at this point and time.
With DoJ’s consent now in hand, GBT may now proceed to finalize an agreement to acquire the companies or assets that comprise FTP. That agreement will very likely address the status of your shares or interests in the successor company. When I receive that agreement, I will coordinate with our attorneys to ensure the terms of that proposed agreement will be shared with the membership and voted on.
-Ray
Final details are still being worked out between GBT and the US Attorney’s Office for the Southern District of New York. Subject: Poker hopes to be able to report the full terms of the deal in the coming days. Once this is complete, Groupe Bernard Tapie will be able to propose a deal to acquire Full Tilt Poker directly to its shareholders. Members representing two thirds of ownership interest must vote to approve any such deal.
Subject: Poker has confirmed from numerous sources that, if shareholders agree to GBT’s proposal, Groupe Bernard Tapie will assume responsibility of Full Tilt’s debt to non-US players and the US DOJ will set up a fund to repay US players. We do not know at this time what the timeline for such repayment will be.
If current FTP shareholders agree to the sale, GBT can move on to licensing, making the new company one step closer to launch.1
Again, Subject: Poker is activelyworking to bring our readers the full details of the deal, and we will publish what we know as soon as possible. We typically do not publish such information with so little detail, but we felt that this situation warranted fast publication.
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I damage threads that may actually benefit some posters
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boost
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Full House
Join Date: Mar 2005
Location: Chicago
Posts: 706
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Obv this is awesome... but I do kind of wish that GBT was dishing out my money, not the DOJ. But then again, after the phone surveys... maybe having the DOJ, who presumably has 100 pennies sitting in seized accounts, pay us out is best?
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drmcboy
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DrButtInski
Administrator
Join Date: Aug 2004
Posts: 9,602
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Groupe Bernard Tapie to buy Full Tilt Poker - Yahoo! Finance
Quote:
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As part of the deal, the French firm will take responsibility for the burned players outside the U.S., while the Department of Justice will facilitate paybacks to the American gamblers who lost about $150 million. American players will have to apply to the DOJ for compensation.
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won't feel real until I see the money but...
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drmcboy
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DrButtInski
Administrator
Join Date: Aug 2004
Posts: 9,602
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i guess was also announced on Fox news and confirmed by FTP lawyer (per 2+2)
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fjuanl
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4-of-a-Kind
Join Date: Mar 2005
Posts: 2,446
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Yahoo article is down for me.
BREAKING: DOJ and GBT Ink Their Deal, FTP/GBT Next in the Queue | Subject: Poker
Quote:
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FTP’s shareholders still must agree to the forfeiture of the companies’ assets in order for the deal to move forward.
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<-- cautiously excited
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kiwiMark
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Join Date: Jul 2009
Location: Nu Zuland bru
Posts: 939
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Lederer's never gonna agree to the forfeiture of his black card.
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boost
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Full House
Join Date: Mar 2005
Location: Chicago
Posts: 706
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Man, I hope the DOJ handles this well. It should be a really simple process, but obviously it's something that could easily be fucked up by some incompetent bureaucrats.
Take a look at the IRS for example. I can file online, and I get my return in a matter of days. If it takes the DOJ like 6 months + to figure this out, it would just be a shame.
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rong
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Full House
Join Date: Nov 2008
Location: Beachside
Posts: 1,196
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I can't see the doj being in any rush to hand over vast sums of money.
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Quote:
Originally Posted by Micro2Macro
hey guys, if you ever make a snap call on the river when your opponent raises you're fucking retarded.
Fucking. Retarded.
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boost
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Full House
Join Date: Mar 2005
Location: Chicago
Posts: 706
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Quote:
Originally Posted by DanAronG
I can't see the doj being in any rush to hand over vast sums of money.
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Maybe not a big rush, but what exactly is their incentive to hold onto it? I wouldn't imagine that they can use the money, so it really does them no good to hold onto it.
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bikes
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a hot damn mess
Administrator
Join Date: Nov 2007
Posts: 2,449
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logic not government's strong point imo
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I damage threads that may actually benefit some posters
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bikes
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a hot damn mess
Administrator
Join Date: Nov 2007
Posts: 2,449
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FTP and GBT Agree on Assets; DOJ Next in the Queue | Subject: Poker
good news is good
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I damage threads that may actually benefit some posters
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drmcboy
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DrButtInski
Administrator
Join Date: Aug 2004
Posts: 9,602
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slowest board run out ever
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Illfavor
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Full House
Join Date: Jun 2008
Location: Denton, TX
Posts: 1,152
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Made the front page online, not bad.
http://www.nytimes.com/2011/12/25/us...rtment.html?hp
Cliffs: DoJ reads Wire Act.
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Ich grolle nicht...
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EasyPoker
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Full House
Join Date: Nov 2009
Posts: 753
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Quote:
Originally Posted by drmcboy
slowest board run out ever
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rofl
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[20:19] <Zill4> god
[20:19] <Zill4> u guys
[20:19] <Zill4> so fking hopeless
[20:19] <Zill4> and dumb
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KoRnholio
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4-of-a-Kind
Join Date: Jul 2005
Posts: 2,165
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Quote:
Originally Posted by Illfavor
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FTR does news too you know 
DOJ Clarifies that Wire Act only applies to Sports Betting « Poker Blogs
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Some days it feels like I've been standing forever, waiting for the bank teller to return so I can cash in all these Sklansky Bucks.
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bikes
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a hot damn mess
Administrator
Join Date: Nov 2007
Posts: 2,449
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Chris Ferguson’s Secret FTP Bank Accounts and Threats to GBT Deal | Subject: Poker
FUCKING HELL WHAT THE FUCK
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I damage threads that may actually benefit some posters
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lolzzz_321
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NO YOU
Join Date: Oct 2004
Location: My ice is polarized
Posts: 2,797
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he should be crucified
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boost
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Full House
Join Date: Mar 2005
Location: Chicago
Posts: 706
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Quote:
Originally Posted by lolzzz_321
he should be crucified
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givememyleg
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WHO YA GONNA CALL?!??
Administrator
Join Date: Nov 2005
Location: ISHPERMING MISHIGEN
Posts: 5,041
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god damn
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Get your own badge! Click profile at the top and FTR Badge from the left nav.
"The Dragon in My Garage" by Carl Sagan
I say onto you, I've felt the dragon! I felt the touch of his tail, the breath of his fire, and I know without a shadow of a doubt that the dragon exists!
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drmcboy
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DrButtInski
Administrator
Join Date: Aug 2004
Posts: 9,602
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have never trusted long hairs
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thelorax
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Flush
Join Date: Jun 2010
Location: getting reemed by fee hikes, ca
Posts: 259
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massive piece of shit
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no pressure, no diamonds
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bikes
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a hot damn mess
Administrator
Join Date: Nov 2007
Posts: 2,449
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http://www.pokerplayernewspaper.com/...pay-dirt-11874
kinda nice news after i want to stake jesus through his ankles
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I damage threads that may actually benefit some posters
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boost
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Full House
Join Date: Mar 2005
Location: Chicago
Posts: 706
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ya, that is def good news. Let's just hope that it wasn't written prior to the Jesus stuff hitting the press.
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bikes
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a hot damn mess
Administrator
Join Date: Nov 2007
Posts: 2,449
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REPORT: Full Tilt Poker, DOJ Agree on Forfeiture Agreement; RICO Suit Dismissed | PokerNews
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I damage threads that may actually benefit some posters
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boost
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Full House
Join Date: Mar 2005
Location: Chicago
Posts: 706
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one fucking time
btw, getting paid would be so sweet now, because enough time has elapsed where I no longer think of the money as mine. Pretty much freerollin now.
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Roid_Rage
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Flush
Join Date: Nov 2010
Location: He just wins, mmkay?
Posts: 395
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+1
Surprise check for like $1.2k (forget how much now :S) would be pretty sexcellent to go w/ tax returns.
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Quote:
Originally Posted by d0zer
cock sauce and anything asian is great  |
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bikes
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a hot damn mess
Administrator
Join Date: Nov 2007
Posts: 2,449
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Judge Dismisses Most of FTP Class Action | Subject: Poker
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I damage threads that may actually benefit some posters
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bikes
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a hot damn mess
Administrator
Join Date: Nov 2007
Posts: 2,449
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Chris Ferguson Close To Settling With DOJ, Lawyer Says
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I damage threads that may actually benefit some posters
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boost
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Full House
Join Date: Mar 2005
Location: Chicago
Posts: 706
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bling blang blaow
let's keep this momentum rolling...
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bigred
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PROFESSIONAL TROLL
Join Date: Sep 2004
Location: Nest of Douchebags
Posts: 2,184
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Is online poker legal in the States yet?
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LOL OPERATIONS
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dranger7070
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4-of-a-Kind
Join Date: Oct 2008
Location: Wake up in the mornin feelin' like P. Diddy
Posts: 2,524
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America.
Fuck yea.
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bikes
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a hot damn mess
Administrator
Join Date: Nov 2007
Posts: 2,449
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News: Exclusive: Groupe Bernard Tapie Unable to Collect Owed Funds from Several Pros
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I damage threads that may actually benefit some posters
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bikes
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a hot damn mess
Administrator
Join Date: Nov 2007
Posts: 2,449
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barry greensteins response xpost from 2p2
Two Plus Two Poker Forums - View Single Post - Response regarding money I owe to Full Tilt
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I damage threads that may actually benefit some posters
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boost
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Full House
Join Date: Mar 2005
Location: Chicago
Posts: 706
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honestly, it seems like Greenstein is on point here. It is highly likely that American players, if they see money at all, see less than 100c on the dollar. So why should American pros settle their debt with GBT, instead of paying into the pool that will make American players whole? Obviously I want the deal to go through, but that doesn't mean GBT is the infallible hero of the story.
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bikes
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a hot damn mess
Administrator
Join Date: Nov 2007
Posts: 2,449
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http://pokerupdate.com/news/the-full...poke-too-soon/
gotta keep the people updated
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I damage threads that may actually benefit some posters
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donkbee
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WELP
Join Date: May 2005
Location: so close but so far
Posts: 3,604
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PokerUpdate » Full Tilt - Spoke Too Soon?
bikes your link is broken, they had a typo and fixed it
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Quote:
Originally Posted by Fnord
Why poker fucks with our heads: it's the master that beats you for bringing in the paper, then gives you a milkbone for peeing on the carpet.
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bikes
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a hot damn mess
Administrator
Join Date: Nov 2007
Posts: 2,449
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Whispers from Full Tilt | News
-.-
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I damage threads that may actually benefit some posters
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bikes
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a hot damn mess
Administrator
Join Date: Nov 2007
Posts: 2,449
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excuse me while i completely discard any hope i had accumulated over the past 2 months. not so much for myself, cause i had mebbe 2-3k in lost monies but i have a lot of friends with fuck tons of monies there and this is completely shitty news for them.
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I damage threads that may actually benefit some posters
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rong
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Full House
Join Date: Nov 2008
Location: Beachside
Posts: 1,196
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If things ever start to look like Fulltilt will be returning funds or that you American folk may be allowed to play again, can someone post it in a new thread, I'm sick of coming in here to check, it's depressing.
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Quote:
Originally Posted by Micro2Macro
hey guys, if you ever make a snap call on the river when your opponent raises you're fucking retarded.
Fucking. Retarded.
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drmcboy
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DrButtInski
Administrator
Join Date: Aug 2004
Posts: 9,602
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http://www.pokerplayernewspaper.com/...or-board-11965
worth noting this author has done many articles re: the deal and most of them were negative.
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boost
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Full House
Join Date: Mar 2005
Location: Chicago
Posts: 706
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fucking roller coaster.
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bikes
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a hot damn mess
Administrator
Join Date: Nov 2007
Posts: 2,449
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News: Exclusive: Full Tilt Poker CEO Ray Bitar Apologizes to the Poker World
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I damage threads that may actually benefit some posters
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dranger7070
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4-of-a-Kind
Join Date: Oct 2008
Location: Wake up in the mornin feelin' like P. Diddy
Posts: 2,524
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Just give me my money you fucking crook.
Little late,for 'oh, my bad'
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bigred
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PROFESSIONAL TROLL
Join Date: Sep 2004
Location: Nest of Douchebags
Posts: 2,184
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Is online poker legal yet?
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LOL OPERATIONS
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StarGrinder
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Full House
Join Date: Jul 2010
Location: UTG (aka USA)
Posts: 683
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Goddammit. Every time this thread is bumped it's like watching a super hot chick walk into the room by herself then kiss the guy sitting at the bar. Hopes, crushed.
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BennyLaRue
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Full House
Join Date: Sep 2007
Posts: 646
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Why do you care if I'm sitting at the bar?
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kickass
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Full House
Join Date: Nov 2010
Location: St. Shawshanks Infant School
Posts: 600
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Quote:
Originally Posted by StarGrinder
Goddammit. Every time this thread is bumped it's like watching a chick walk into the room by herself then kiss the super hot guy sitting at the bar. Hopes, crushed.
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fyp thought it suited you more this way
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put your glasses back on
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bikes
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a hot damn mess
Administrator
Join Date: Nov 2007
Posts: 2,449
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I damage threads that may actually benefit some posters
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05-26-2012, 03:08 PM Australia Legalized Online Poker coming up in next 6 to 12 Months
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