Phil Ivey wins $2,100,000 in ONE day at Aussie Millions

[Sam Henno]

Fair to say he's back then!

Credit to the guy. What a player.

[givememyleg]

SOURCE

[Hawk]

At that rate he'll be a billionaire in no time!

[givememyleg]

Phil Ivey Wins 2012 Aussie Millions $250,000 Super High Roller | PokerNews

[Sykedupp]

Cool, maybe he can help FTP solve its money issues

[andy-akb]

i love phil ivey, i really do, but how does he get NOT get heckled at a live tournament? he wasnt a board member at FT, but had one of the largest stakes in the company and i just do not believe he had no knowledge of wtf was going on, and if he did, then thats almost worse.

yea, heckling him wont solve anything, but that doesnt mean it isnt deserved and for the people who lost their life rolls with the collapse of the site it just seems to be a slap in the face to see somebody gambling for such huge stakes when they still havent gotten any money back

[andy-akb]

with this news i am started to get pretty tilted that ivey is able to be seen publicly playing such high stakes without even a question as to why the fuck he hasnt paid back his debt: Poker Pros Ivey, Lindgren, Benyamine and Flack Owe Full Tilt Millions

[boost]

GBT has a vested interest in making international players whole in some way or another should the deal go through. However they have very little interest in making US players whole, since that has been delegated to the DOJ in the deal. Seeing as the DOJ seems to only have 80m or so to pay back US players, why would the pro's pay GBT the money they owe, and not try to pay into the DOJ payback pool?

Sometimes it's hard to imagine how there could be two sides to a story. This is not one of those instances.


cliffs: GBT is not your new best friend.

[andy-akb]

GBT has a vested interest in making international players whole in some way or another should the deal go through. However they have very little interest in making US players whole, since that has been delegated to the DOJ in the deal. Seeing as the DOJ seems to only have 80m or so to pay back US players, why would the pro's pay GBT the money they owe, and not try to pay into the DOJ payback pool?

Sometimes it's hard to imagine how there could be two sides to a story. This is not one of those instances.


cliffs: GBT is not your new best friend.

if GBT doesnt buy FTP then they do not have $80mm to payback US players [that is the amount GBT has agreed to pay DOJ for the assets]. if these pros do not payback their loans, there is a significant chance that GBT does not complete the deal. therefore if these pros do not payback their loans then there is a significant chance the DOJ will have $80mm less to payback US players

[boost]

if GBT doesnt buy FTP then they do not have $80mm to payback US players [that is the amount GBT has agreed to pay DOJ for the assets]. if these pros do not payback their loans, there is a significant chance that GBT does not complete the deal. therefore if these pros do not payback their loans then there is a significant chance the DOJ will have $80mm less to payback US players

Define significant, and then cite your sources that show the impact on the deal fits your definition.

[andy-akb]

nah man, its cool, this isnt debate team and im not writing an essay.

these pros took out a loan and that loan is being called in contingent on the deal going through. they obviously would like the money to go to payback US players, but they do not have a choice about how their money is used. i will pay the government money on april 15th for my taxes, i cant tell them not to spend that money fighting the war on drugs.

obviously they shouldnt pay the money to GBT if they dont end up buying FTP, but outside of that, they will owe the new owners the money.

Groupe Bernard Tapie Attorney: Ivey, Benyamine, Other Pros Owe Millions to Full Tilt Poker | PokerNews

hopefully it is just a negotiation tactic and regardless of the outcome they still buy it, but even if that is the motivation, it doesnt change the fact that this money is owed

[lolzzz_321]

Seeing as the DOJ seems to only have 80m or so to pay back US players, why would the pro's pay GBT the money they owe, and not try to pay into the DOJ payback pool?

You're supposed to pay whoever loaned you the money? I must be missing something.

[boost]

Well this is a pretty complicated situation. Since the funds were not segregated properly, the question of 'who loaned the pros the money' does not have a clear answer.

That being said, I don't see any of the pros standing up for the US players, advocating for them to get equal compensation to RTW players. Greenstein kinda touched on this, but barely. Obv something is better than nothing, and I'd take 50c on the dollar is 50c on the dollar was all I was gonna get. But I definitely wouldn't be particularly happy about it if RTW players get 100% back, while we get shafted.

I guess I just feel that it is fucked up that international players and US players are getting segregated in the repayment process. There seems to be no clear reason for this, and it seems to be that US players are getting the short end of the stick.

[bikes]

i'm hoping since FTP has permission to re-enter the us market if it ever opens again that they will have the business sense to not fuck over future clients. people should be pissed if they less than RTW because imo a lot of full tilts value is in the us market should it ever open again

[donkbee]

nah man, its cool, this isnt debate team and im not writing an essay.

[kickass]

I'll second that :

[kickass]

Now I sound gay.....wank

[Galapogos]

Now?

[andy-akb]

That being said, I don't see any of the pros standing up for the US players, advocating for them to get equal compensation to RTW players. Greenstein kinda touched on this, but barely. Obv something is better than nothing, and I'd take 50c on the dollar is 50c on the dollar was all I was gonna get. But I definitely wouldn't be particularly happy about it if RTW players get 100% back, while we get shafted.

I guess I just feel that it is fucked up that international players and US players are getting segregated in the repayment process. There seems to be no clear reason for this, and it seems to be that US players are getting the short end of the stick.

Yea, i agree with this. FTR, Durrr has stood up for the US players, but he is pretty much the only one, optimistically that could be because the others are concerned about their connections with FTP in the eyes of the DOJ [Ivey, et al are much more connected than Durrr even if they arent board members]. Pessimistically it is because they are acting in their best short term monetary interests.

Until this interview I was convinced that the US players would get paid back 100% and argued with Max about it a lot, but now Im honestly just not that sure. It really does seem like they are structuring it so that whatever happens with US players is not their fault, although I do see this making it difficult for them to re-enter the US market.

i'm hoping since FTP has permission to re-enter the us market if it ever opens again that they will have the business sense to not fuck over future clients. people should be pissed if they less than RTW because imo a lot of full tilts value is in the us market should it ever open again

they dont have permission to re-enter the market, but yea, this is actually a really really good point that i didnt think about before. there is huge value if they are able to re-enter the US markets if regulation occurs. as much as we may hope it to be true, this is not a definite, but it is still something that is clearly in consideration and holds a lot of value. i may be overestimating just how much the public cares, but i see it being a hardsell to get back into the us market if us players arent paid back both from the governments point of view, and from the players [although people still played at UB after the scandal, so who knows].

If their intentions are to simply "flip" the company, then I guess it could make a lot of sense to do it this way, because the new-new-owners could say that they had nothing at all to do with an agreement that hurt US players.

I was feeling pretty good about the whole situation even with the lack of updates, but the news that has been coming up is just putting me on life tilt. How poorly this company was run made me and so many others that spoke so highly of it look like idiots in hindsight.

[seqas]

wow, thats just sick...