Blanca Gaming Considering Liquidating Assets to pay American Players « Poker Blogs
ONE TIME
More big news: MGM and Boyd Gaming Team Up with Bwin.Party « Poker Blogs
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.
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?
Groupe Bernard Tapie to buy Full Tilt Poker - Yahoo! Finance
won't feel real until I see the money but...Quote:
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.
i guess was also announced on Fox news and confirmed by FTP lawyer (per 2+2)
Yahoo article is down for me.
BREAKING: DOJ and GBT Ink Their Deal, FTP/GBT Next in the Queue | Subject: Poker
<-- cautiously excitedQuote:
FTP’s shareholders still must agree to the forfeiture of the companies’ assets in order for the deal to move forward.
Lederer's never gonna agree to the forfeiture of his black card.
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.
I can't see the doj being in any rush to hand over vast sums of money.
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.Quote:
Originally Posted by DanAronG
logic not government's strong point imo
FTP and GBT Agree on Assets; DOJ Next in the Queue | Subject: Poker
good news is good
slowest board run out ever
Made the front page online, not bad.
http://www.nytimes.com/2011/12/25/us...rtment.html?hp
Cliffs: DoJ reads Wire Act.
roflQuote:
Originally Posted by drmcboy
FTR does news too you know :)Quote:
Originally Posted by Illfavor
DOJ Clarifies that Wire Act only applies to Sports Betting « Poker Blogs
Chris Ferguson’s Secret FTP Bank Accounts and Threats to GBT Deal | Subject: Poker
FUCKING HELL WHAT THE FUCK
he should be crucified
:goldstar::goldstar::goldstar::goldstar::goldstar:Quote:
Originally Posted by lolzzz_321
god damn
have never trusted long hairs
massive piece of shit
http://www.pokerplayernewspaper.com/...pay-dirt-11874
kinda nice news after i want to stake jesus through his ankles
ya, that is def good news. Let's just hope that it wasn't written prior to the Jesus stuff hitting the press.
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.
+1
Surprise check for like $1.2k (forget how much now :S) would be pretty sexcellent to go w/ tax returns.
bling blang blaow
let's keep this momentum rolling...
Is online poker legal in the States yet?
America.
Fuck yea.
barry greensteins response xpost from 2p2
Two Plus Two Poker Forums - View Single Post - Response regarding money I owe to Full Tilt
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.
http://pokerupdate.com/news/the-full...poke-too-soon/
gotta keep the people updated
PokerUpdate » Full Tilt - Spoke Too Soon?
bikes your link is broken, they had a typo and fixed it
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.
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.
http://www.pokerplayernewspaper.com/...or-board-11965
worth noting this author has done many articles re: the deal and most of them were negative.
fucking roller coaster.
Just give me my money you fucking crook.
Little late,for 'oh, my bad'
Is online poker legal yet?
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.
Why do you care if I'm sitting at the bar?
fyp thought it suited you more this way:)Quote:
Originally Posted by StarGrinder
I want to neg you but I won't.Quote:
Originally Posted by kickass
fuck poker
fuck you
just wanted to say that
for years
havnet yet said it
fuck you you fucking asshole
this only works for sean connery, ducy?Quote:
Originally Posted by bikes
say it in his voice it works just the same imo
BBC have been showing the Annie Duke series of celebrity apprentice USA over the last few weeks and they showed the final episode last night. Found it interesting that at one point Annie said that her brother Howard had pledged to donate 100k and later on ,in one of the shots showing the silent auction bids there was a bid for 40k from him as well.
She far exceeded the amount Joan Rivers raised , but was this filmed at a time that full tilt was running honestly , or was this at a time that Howard (+any other of Annies FTP pro owners who might also have donated ) had already started to dip into players funds.
PokerUpdate » Takeover Deal Nearing Completion?
not sure why i even follow the news anymore.
yeah I saw this and could not decide whether to bump thread. vamo!
full repayment of all players? Where are they getting this from? Does this include US players?
I'd be happy to see $300 at this point but I'll gladly take the full amount. :pray:
Ya, I mean, I'm definitely with you here. Anything would be cool, but the full amount would be spec-fucking-tacular right about now...Quote:
Originally Posted by StarGrinder
+1mirrion
I think it's completely unfeasible for FT to relaunch without full repayment of everyone.Quote:
Originally Posted by boost
So to everyone hoping on FT manies, gl, rungood, ONE TIME etc.
Ya, this is a good point. Even if they agreed to let the DOJ handle the repayments with the seized amount, and this squares them with the DOJ, it would be in their best interest to make sure no US players are shorted.Quote:
Originally Posted by d0zer
hey guess what
when pstars and ftp left wa state i had nothing but 10$ in ub account. had mental breakdown of epic, then turned it into baller portion, only to have ripped from hands by a government that cares only for its sociopathy
so there
the day i no longer think of poker is the day i might be able to find happiness
I don't know why, but I always thought of you as a southerner. Of course I probably have read several times that you live in Washington... weird how ill-gotten impressions can stick for so long.
ive been confused as a southerner a few times, so you're not far offQuote:
Originally Posted by boost
my singing voice is that of a redneck, my colloquialism is that of a redneck who watched a lot of hollywood, and my upbringing is that of a redneck who spent lots of time in a place where women are important
really what i boils down to is my family is born and raised extremely xtian fundie, and that carries over strongly, even in suburbian washington
rude of them not to put "" around done deal in the <title>
deal in a week, paybacks before the end of summer, one time? ONE FUCKING TIME?
Kevin Mathers @Kevmath
hopefully it's worth the wait “@igamingpost: Check the site at around 7pm uk time for the #FTP news :)”
it's it already 7pm uk time?
AGCC publishes Full Tilt report : The iGaming Post
seems like FTP news only by proxy... it's really AGCC news. What a cocktease.
lol hype
Kevin Mathers @Kevmath
And that's an unfollow for posting "news" that was out earlier this morning.
dont play on ub wtfQuote:
Originally Posted by wufwugy