Full Tilt Poker Sold to French Investors

the DOJ will release funds, most likely, but is it really their money?

Anyway, I emailed the writer of the article, "Diamond Flush," and he responded

"I'm sure you will understand that I can't reveal sources. However, I have worked months on the FTP situation, and I did receive independent confirmation from multiple sources that the information in the article is legitimate.

My hope is, and always has been, that players are repaid. I view the info in this article as a step in that direction.

Good luck sir"

According to the government it is their money. From this June article: http://www.casinoscamreport.com/2011...e-poker-funds/

Now they can certainly rethink their position but to think that the US government will be paying back US player funds is laughable. Returning them to Tilt for distribution possibly (highly doubtful) but not doing it themselves.

Also like I said previously I have no doubt that the email quoted in the article was sent out today by FTP ownership. It's that ownership that I don't believe, the authors of the S:P article are just reporting what they hear..

maybe we will get our money back after all.
never know.

aren't tapie and the investors paying ~ $1 billion to settle with the DoJ? That's more then twice the amount that the DoJ seized.

It would be nice if FT does make a comeback,,,got some money on there,,,we will have to wait and see.

if they offered a 60-70% rakeback deal if they relaunched the site would you play there? I always said I wouldnt play there but a friend brought this up and I did hesitate on the answer, whihc is crazy since my money on there now maybe lost forever lol

UK player here so dont meen to be selfish but I'd liek to think i'd have more of chance of getting paid out since, I havnt broken any internet gambling laws.

Lucky ROW players. Set up a fund? I don't see the DOJ handing over money to FTP so we can get our funds like we did at stars.

Wonder what hoops we'll have to jump through?

Too bad FTP wasn't a bank-Eric is nice to bankers who commit bribery and fraud.

That's not what I'm saying. The DOJ literally handling payouts would be logistically problematic.

With the information we have received thus far, I don't think it is out of the question that players would interface with FTP to request payouts -- the DOJ will likely just oversee the processor and maintain the fund that payouts will come out of. I believe the fund itself will be largely or completely funded by GBT.

It is unclear whether or not the DOJ would commit any seized funds to this fund, but I certainly don't think the DOJ is by and large "repaying" anybody. But if the deal did call for the DOJ to contribute, I don't think it is nearly as impossible as people paint it to be. They have interests in both US and ROW players being repaid, not least of which because by seizing the commingled funds, they effectively seized player funds. Despite the fact that this does not represent the actual legal situation at hand, the DOJ is not purely motivated by the law -- public relations, for instance, plays a role.

Well, I'll believe it when I see it, but I never expect to see it.

FWIW, that position seems inconsistent with their return of some Stars funds in September: http://www.subjectpoker.com/2011/09/...e-stars-funds/

It's probably pointless to speculate on how exactly a US player payback will work, who will contribute what money and how it will make its way back to players because we simply don't have enough information. All we do know is that GBT wanted the DoJ to cough up some of the funds when the began negotiations, and that the US repayment process would obviously be different to the ROW one.

could really use that bankroll.

giving up 50% of my earnings kinda sucks

It all looks positive though so i'm not gunna shit on it i'm gunna be positive and say were gettign paid out with the latest bit of news. imo just when is the problem.

From fulltiltpoker.com: "Pursuant to an agreement between the United States Attorney's Office for the Southern District of New York and defendant, Full Tilt Poker, Full Tilt may use this domain name [Fulltilt.com] in the United States to facilitate players' withdrawl of funds held by Full Tilt Poker"
Sounds promising.

Is this new news or some old quote from April?

It will be hard to trust FT ever again. No matter what happens.

It's a regurgitation of the April words in the subsequent amendment, as far as I can tell:

http://blogs.reuters.com/felix-salmo...rComplaint.pdf

Someone please define what ROW players are? Google offers not much help and it is either a Volleyball terminology, or some very esoteric game theory term.

But I have seen this term used a lot describing our situation in the online poker world in regards to the events and aftermath of BF. I have no decent clue.

Rest of the world.

ROW = Rest Of World.
meaning players outside of the USA.

Facepalm.......

http://www.pokerstrategy.com/news/wo...-Awards_53374/

15 days... is what tapie says it will take before they own the company.

I think they can... i think they can... wooo wooo.

:P

It is beginning to look like we might get our money back after all.

oh,i am still waiting for fulltilt's coming back.that a great hope.

Hope we get our funds back, but will be jealous of the ROW. So frustrating to be American.

Full Tilt Poker’s Acquisition Deal to Be Confirmed in Few Weeks.

Yeah right haha just kidding hope it comes back or not lol see what happens in a few weeks.

Longest...

Slowroll...

Ever...

Some good news for our USA brethren:

'In the latest twist in the ongoing saga, it would appear that potential new owners Groupe Bernard Tapie have struck a deal with the DoJ which would also permit them a concession not even yet afforded to PokerStars. Namely, Full Tilt may be permitted to re-enter the US market in the eventuality of online poker legalisation in the States. Expressing his optimism ahead of the agreement, Full Tilt Poker attorney Jeff Ifrah commented'

Good luck guys, playing omaha with Europeans is profitable but I still miss the skill and restraint of the Americans.

hurry up and wait seems to be the way its gonna be for awhile.yep i miss tilt too. especially the software.

Sounds like I am back at bootcamp.

Bump


anyone have any recent news??

http://www.subjectpoker.com/2011/12/ftp-gbt-agree/

FTP and Tapie have worked it out.

Great news for those with money stuck.

Thanks AB. Looks promising indeed.

Better news for ROW players-getting our money from the DOJ is gonna suck big time.