PokerStars acquires FTP and settles with DOJ - Page 3

"Under the agreement with the Department of Justice, PokerStars does not admit to any wrongdoing. (...) PokerStars and Full Tilt Poker brands, to offer real money online poker when State or Federal governments introduce a framework to regulate such activity."

OMG TWO HUGE WINS FOR PS

in b4 DOJ finds a way to spoil our celebrations

"Oh it turns out you didn't capitalize the 'H' in hevad khan under account details, therefore under article 249FJ29a we're going to only give back 3% of your money"

:D

On July 31 2012 18:02 NMcNasty wrote: What. Coke and Pepsi are complelty different companies and are fierce competitors. Pepsi's credibility also wasn't completely destroyed.

Yeah and they make drinks not poker rooms wtf taco?

Way to miss my point which was a marketing one.

i will miss FTP jokes but hey this is great news for everyone :D

So their sole reason for doing this is to grease the wheels with the US gov't for future regulated poker. Obviously no way they would dish out over half a billion on just a hunch, so it's pretty much 100% guaranteed poker is going to get US approval eventually.

On July 31 2012 20:24 taco wrote: Show nested quote + On July 31 2012 18:02 NMcNasty wrote: What. Coke and Pepsi are complelty different companies and are fierce competitors. Pepsi's credibility also wasn't completely destroyed. Yeah and they make drinks not poker rooms wtf taco? Way to miss my point which was a marketing one.

The two biggest brands owned by the same company means they will have a huge portion of the online poker market. I would have to think that their real reason for doing this would be ...

On July 31 2012 21:30 NewbSaibot wrote: So their sole reason for doing this is to grease the wheels with the US gov't for future regulated poker. Obviously no way they would dish out over half a billion on just a hunch, so it's pretty much 100% guaranteed poker is going to get US approval eventually.

to gain access to the largest online poker market(I assume) in the world.

On July 31 2012 16:22 taco wrote: Show nested quote + On July 31 2012 15:37 NMcNasty wrote:   On July 31 2012 11:45 Defrag wrote: PokerStars plans to re-launch Full Tilt Poker in most markets as a separate brand, following the appointment of a new, independent management team. lol, why? So many reasons. E.g. in the same way Coca-cola is assisted by the existence of a strong competition-leader in Pepsi as it means that consumers will speak of only their brands. It's also favorable for the diversification aspect alone.

This is 100% wrong.

A better analogy would have been to discuss Coke and Fruitopia - two brands owned by the same company in an attempt to further their diversification and attain a higher % of market share.

On July 31 2012 22:54 Rescom wrote: The two biggest brands owned by the same company means they will have a huge portion of the online poker market. I would have to think that their real reason for doing this would be ... to gain access to the largest online poker market(I assume) in the world.

I know they will have a huge portion.

The reasoning behind having two separate entities instead of one is the far more interesting choice.

I maintain that it is because it is far better for someone with a 50% market share to have a single competitor with most of the remaining market
because that shapes the question posed into "Coke or Pepsi?" and not "What type of soda would you like?"

+ a heap of other reasons like diversification and encouraging entrepreneurship.

In before this becomes a pissing contest regarding who knows the most about marketing.

Oh wait...

On August 01 2012 01:05 soberstone wrote: In before this becomes a pissing contest regarding who knows the most about marketing. Oh wait...

hahaha, true.

This is great news for everyone who lives outside the US though, holy shit. Although, would have been a lot sweeter if FTP would have been bought by a different group. I feel like the lack of competition will be a bad thing in the years to come (shittier and shittier vpp bonuses, vpp distribution, etc. etc.)

Oh well. GL guys and grats

On July 31 2012 15:23 waga wrote: Show nested quote + On July 31 2012 15:22 soberstone wrote: does this increase the chance of it legalizing sooner in US? I don't think so However it increase drastically the chance to allow PS '( and ftp) to enter the american market

This isnt Pokerstars being generous and getting themselves outta shit - the reason they agreed to the deal is so that they are guaranteed access to the US market in future. What they pay out for FTP is small fry compared to what they will earn from the US market in future.

On July 31 2012 15:24 curtinsea wrote: Show nested quote + On July 31 2012 15:22 soberstone wrote: does this increase the chance of it legalizing sooner in US? One has nothing to do with the other, IMO This is far from over for US players. It seems to me that the DoJ has clung to the detail that US players must come to them to get their funds. This could only mean one thing, that being the US Govt intends to review those individual claims for violations of US laws and for outstanding tax liabilities. They could easily have allowed Pokerstars to return US players money the same as they are doing for the rest of the world, which makes it clear that Uncle Sam has ulterior motives

I think this is maybe part of it, but in a less paranoid world, it is because ongoing money laundering case and the DoJ need to check individual accounts and transactions before releasing funds.

http://www.fulltiltpoker.com/


they posted the announcement and a FAQ there

hope ...

I have cracked it! It's so they can see how many people will actually play on FTP.

On August 01 2012 01:15 devon06atX wrote: Show nested quote + On August 01 2012 01:05 soberstone wrote: In before this becomes a pissing contest regarding who knows the most about marketing. Oh wait... This is great news for everyone who lives outside the US though, holy shit.

Maybe I'm missing something but there's nothing here saying PS will be allowed to have EU and US players on the same site, right? It seems unlikely that US players will be allowed to play with EU players to me. PS will probably just have a new site with a separate US-only player base. More of a win for PS owners in that regard tbh.

Gz to all the Americans getting their money back though, mbn!

On August 01 2012 07:19 Syllogism wrote: http://www.fulltiltpoker.com/ they posted the announcement and a FAQ there

This is pretty awesome:

Can I transfer my FTP funds to an account on PokerStars? We hope to have the functionality in place to allow inter-site transfers between Full Tilt Poker and PokerStars, so that you can enjoy playing again on either platform of your choosing. We will provide additional guidance on this in the coming weeks.

I'm moving outside of the U.S. will I be able to get my money that was on there?

Originally Posted by Lee Jones View Post Hi folks - A lot of people are asking about the date which is used to establish whether you're a "U.S." or "Rest of World" player, for the purposes of from whom you get your money. We have officially confirmed that that date is June 29th, 2011. Reports that the date is April 14th, 2011 are incorrect. If your Full Tilt account had an address in the U.S. or U.S. Territories as of June 29th, you are considered to be a U.S. player. Best regards, Lee Jones