Possible progress with FT

[British Bulldog]

http://www.pokerstrategy.com/news/world ... eal_52047/

[Marty Smith]

Interesting, yes. I think the only way the DoJ talks to FT now is with different owners coming in.

[British Bulldog]

Possible spanner in the works

http://www.subjectpoker.com/2012/01/chr ... -accounts/

I used to like Chris Ferguson!

[Marty Smith]

I used to like Chris Ferguson!

I know what you mean. This is alarming.


Now if Chris is in this deep, I wonder how dirty Howard L is in this too. Honestly this sounds like eventual jail time for these guys moving around money like that, presumably without being taxed.

[Ares456]

Why hasn't anybody hunted these fraudsters and killed them yet? How can we trust online poker sites ever again when so many of them have been proven to be frauds?

[British Bulldog]

Why hasn't anybody hunted these fraudsters and killed them yet? How can we trust online poker sites ever again when so many of them have been proven to be frauds?

Not all tarred with the same brush. FT and UB bunch of scum, agreed, but Pokerstars if anything have an enhanced reputation now

[Ares456]

Really? and how do you know Pokerstars is legit? How do we know that it isn't a ponzi scheme like Full Tilt?

[British Bulldog]

Really? and how do you know Pokerstars is legit? How do we know that it isn't a ponzi scheme like Full Tilt?

I know this because I'm not a poisoned, bitter, twisted, sad case like you. I also know this because it is regulated in the country that invented financial services and has a list of strict enforceable rules to govern them, and not in a tin pot little island or the United States of Ambiguity.

[Marty Smith]

Yeah Ares is still bitter that poker sites won't allow him to lose any more money.

I do hope that Stars somehow finagles their way into the US market again when things open up. Hopefully some type of partnership can be worked out.

[British Bulldog]

Yeah Ares is still bitter that poker sites won't allow him to lose any more money.

I do hope that Stars somehow finagles their way into the US market again when things open up. Hopefully some type of partnership can be worked out.

Signs aren't looking too positive on that front, but to be honest I wonder if they really care. They are hardly struggling for traffic at the moment.

[British Bulldog]

Today's latest..........

http://www.pokerstrategy.com/news/world ... es-_56198/

[JP]

Yeah Ares is still bitter that poker sites won't allow him to lose any more money.

I do hope that Stars somehow finagles their way into the US market again when things open up. Hopefully some type of partnership can be worked out.

I would love to see a major with the integrity still intact such as PS enter the us market again.

[Marty Smith]

Yeah Ares is still bitter that poker sites won't allow him to lose any more money.

I do hope that Stars somehow finagles their way into the US market again when things open up. Hopefully some type of partnership can be worked out.

I would love to see a major with the integrity still intact such as PS enter the us market again.

Yup. At least they could enter the states where online poker is not a sin.

[British Bulldog]

The iGaming Post has learned that following recent court hearing in the US between PokerStars, Full Tilt Poker and the DOJ, have come to concluding that a timetable for paying back players has been reached and the announcement will be made official in the last week of May.


Announcement expected end of May
The date is yet to be decided, because of the logistics of repaying both Rest of World and US players is still being concluded. But PokerStars are confident that this will happen in the next ten days and will be approved by the US DOJ.

Having finalized the repayment structure we are told that the next step would be an announcement by the DOJ that both companies will be allowed to apply for licenses within the US, when and if this is made legal.

But why would PokerStars pay so much for a non-operational poker site?

Don’t forget that Wynn had originally agreed to partner with PokerStars to offer a poker product to Nevada residents when the online product is legalized in the state and even though Wynn pulled out after Black Friday there will almost certainly be some renewed interest if PokerStars is given immunity. And as for Full Tilt they were willing to partner with Station Casinos so PokerStars would now have a couple of major partnerships already lined up and it seems just a matter of time before Nevada does legalize online poker. 888 Poker has already signed a partnership with Caesars and that deal was never cancelled since 888 was already effectively granted immunity after coming to an agreement with the DoJ after the passing of the UIGEA. As such, the agreement would be worth $750 million to PokerStars if they truly believe that online poker stateside will come sooner rather than later. And Wynn and Station will want to make sure the previous agreements are renewed so that Caesars doesn’t get a huge head start in offering online poker in Nevada.

Isai Scheinberg, the owner and founder of PokerStars is a very clever and shrewd business man and this deal for Full Tilt Poker will certainly be his last for PokerStars, as it is believed that part of the US DOJ deal is for both Isai Scheinberg and Paul Tate to step down.

[Marty Smith]

Very interesting. I wonder if they will able to immediately offer poker to friendly states.