B
BluffYou123
Back in the Game
Silver Level
This.
There are lots of players that prefer the Full Tilt software so those customers will play on Full Tilt. Also, most high stakes players will play the big gtd tourneys on both sites anyway.
This.
There are lots of players that prefer the Full Tilt software so those customers will play on Full Tilt. Also, most high stakes players will play the big gtd tourneys on both sites anyway.
Poker Orifice
FoolsTilt
Platinum Level
WickedChops confirms deal is done (< is this jumping the gun a bit?)
Here's the link > http://wickedchopspoker.com/confirm...n=Feed:+WickedChopsPoker+(Wicked+Chops+Poker)
Here's the link > http://wickedchopspoker.com/confirm...n=Feed:+WickedChopsPoker+(Wicked+Chops+Poker)
alaskabill
Legend
Silver Level
PO this is an old article referring to the GBT deal which everyone thought was a go until a few days ago. This isn't about the potential stars deal.
alaskabill
Legend
Silver Level
I'm an idiot. I didn't scroll down and see the article I just clicked the first link at the top of the page. Sorry about that.
gmuballer111
Rock Star
Silver Level
This could be good for america and taxes, but also help online poker go back online legally for US players. But any news on what this does for online poker in usa?
Reptar7
Visionary
Silver Level
Interesting. I looked around that Wicked Chops site and see that they also confirmed that the Tapie deal was done two months ago, which wasn't true at all.
If it is a $750m deal including player balances, that means they are paying $420m for the software and player accounts. There is no gambling license right, because FT let it expire. Is the software really worth that much? Sure, RUSH was cool, but $420m? Maybe they bought it so that FT couldn't sue them over Stars copying RUSH?
If it is a $750m deal including player balances, that means they are paying $420m for the software and player accounts. There is no gambling license right, because FT let it expire. Is the software really worth that much? Sure, RUSH was cool, but $420m? Maybe they bought it so that FT couldn't sue them over Stars copying RUSH?
Reptar7
Visionary
Silver Level
It seems like if it happens US players get their money back, but we are still closed out of Stars and FTP.
K
kwolfp
Rising Star
Bronze Level
this is the beginning
pokerstars will buy all poker rooms..
pokerstars will buy all poker rooms..
Four Dogs
Legend
Silver Level
This is great news. PS is just about the only company that could possibly make money off the purchase of FT. The good will of the poker world alone has value that GBT could never have cashed in on.
Also, the biggest fear any other purchaser of Full Tilt faced was the immediate run on funds the instant they reopen the doors. PS doesn't need to worry about this because most of the big accounts are just going to redeposit on Stars. Hell, Tilt account holders might even be able to insta tranfer their bankrolls to Stars with the click of a button.
Another thing to consider is that after Stars proves Full Tilt can be run responsibly and its tarnished reputation is restored, there could actually be some resale value. I'm sure many B&M companies who want a piece of a future US market would love to get their hands on the software.
One more thought on this. PS will be able to get tilt up and running faster and cheaper than anyone else. They already have the most knowledgeable online poker staff and support system in the world. They may be able to jump start this baby without having to put an add in the paper.
Can't wait to see how all this pans out.
Also, the biggest fear any other purchaser of Full Tilt faced was the immediate run on funds the instant they reopen the doors. PS doesn't need to worry about this because most of the big accounts are just going to redeposit on Stars. Hell, Tilt account holders might even be able to insta tranfer their bankrolls to Stars with the click of a button.
Another thing to consider is that after Stars proves Full Tilt can be run responsibly and its tarnished reputation is restored, there could actually be some resale value. I'm sure many B&M companies who want a piece of a future US market would love to get their hands on the software.
One more thought on this. PS will be able to get tilt up and running faster and cheaper than anyone else. They already have the most knowledgeable online poker staff and support system in the world. They may be able to jump start this baby without having to put an add in the paper.
Can't wait to see how all this pans out.
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dj11
Legend
Silver Level
Easy $450 million. IMHO easy $1 bil. and Yes, just like software companies buy other companies just for their patents for outrageous sums.
And a Rush patent is like an ipad patent.....worth billions over the life of a patent.
In my previous comments I had not considered the resale of a cleaned up Tilt in my thinking. Move it close to neutral at worst.
dmorris68
Legend
Loyaler
That amount also includes DOJ fines.
suit2please
Visionary
Silver Level
$750m doesn't seem like much for both companies DOJ fines in comparison to partypoker and netellers. How much money did the DOJ seize from both companies?
dmorris68
Legend
Loyaler
I haven't seen a breakdown in the latest articles, just that the $750M included fines. Don't know if that's both PS and FT fines, or just PS or just FT. PartyPoker paid $300M and neteller $136M.
EDIT: From this, if accurate, it's PS fines:
Charade You Are
you can call me Frost
Silver Level
I don't know how much they seized, but according to pokerfuse neteller settled for $136m and party for $300m.
http://pokerfuse.com/news/poker-room-news/pokerstars-reaches-agreement-buy-full-tilt-settle-doj/
OzExorcist
Broomcorn's uncle
Bronze Level
If the deal includes having the charges against the company and its high-up managers dropped then yes, it's a mighty juicy carrot and the fact that they effectively wipe their biggest competitor off the map while generating tons of goodwill with the poker playing public is just a bonus.
You've got to compare this to the alternative: if they don't do this deal then there's a lengthy legal battle ahead of them which will no doubt cost them millions in legal fees, not to mention the staggering fine or settlement they'd probably have to pay at the end.
And if they don't do this deal, and someone else buys Full Tilt, then their biggest competitor is back in action, taking traffic and rake off Stars with the huge promotions and incentives they're almost certain to introduce when they're back in action.
If I'm sitting at the head of Stars, I've got $750 million to spare and I've got those kind of incentives in front of me, I think it's a pretty easy decision...
dj11
Legend
Silver Level
IIRC, some company in Los Angeles. But they are/were contractually obligated, and perhaps a subsidiary of the FT umbrella, so in essence they are FT, and so far it seems they are unable to disconnect from that umbrella. The IIRC part comes from early in the Black Friday outrage threads, and I am not interested in going thru a gazillion posts about it all. Try googling 'Tiltware,Inc'.
It is interesting that the Stars Zoom games have moved out of beta, and into the main stay. Could be they worked out all the big bugs, and one of those big bugs might have been who owns the rights to that type of game.
B
bert0111
Enthusiast
Silver Level
dj11
Legend
Silver Level
huh? online poker in the usa is illegal?
Only in a few States, other than that it is as legal as buying booze at the corner liquor store. What is in 'illegal limobland' is how money is moved, back and forth, between poker sites and players.