Pokerstars Buys Full Tilt Poker - Deal Complete!

[deucem]

I'm wondering if the real money games will open at the stroke of midnight ET. Does anyone know?

@FullTiltPoker
Our first Deal Me In Freeroll is at 08.05 ET tomorrow, so our real money launch shouldn't be later than that. #FullTiltPoker

 

[mrmonkey]

What happens to the people who owed full tilt money lol?

Good question -- I think they just basically got away with the error in their favor. I do wonder though if the records were kept of the transactions in which people got credited for their deposits when no money left their bank accounts. If so, I'm sure pokerstars will putting holds any of those accounts that might still have had money in them.

@FullTiltPoker
Our first Deal Me In Freeroll is at 08.05 ET tomorrow, so our real money launch shouldn't be later than that. #FullTiltPoker

Yeah I saw that update, but it still means real money games can start up any time between now and then... just likely not after then. I did see in the other forum that FTP rep Shyam had said it was definitely not starting at midnight, but it seems like they are keeping the actual start time a secret (or they don't even know themselves).

 

[vegasjj]

Yeah I saw that update, but it still means real money games can start up any time between now and then... just likely not after then. I did see in the other forum that FTP rep Shyam had said it was definitely not starting at midnight, but it seems like they are keeping the actual start time a secret (or they don't even know themselves).

Maybe there is a potential technical problem if they announce and they have the tens of thousands of people trying all to log in at the same time... just a wild guess

 

[mrmonkey]

Maybe there is a potential technical problem if they announce and they have the tens of thousands of people trying all to log in at the same time... just a wild guess

That's my guess as well as to why they didn't announce a hard start time. My guess right now is they get rolling about 6-7am ET.

 

[CheckraiseLife]

TODAY IS THE BEST DAY OF AN ENTIRE YEAR!!!!
First time i logged in to FT in over a year and have trippled my 100nl bankroll....****ing loving life. I only realised you could login today and i'm waiting for the games to launch, they can take there time as long as i got my money.. so happy right now

 

[mrmonkey]

7am ET, as per twitter. 25 minutes and counting!

Shyam Markus ‏@FTPMarkus
Just out of a meeting to confirm the go-live time. We're officially flipping the switch at 7am ET (just under 90 minutes from now)!

Some Q&A from Shyam:
http://forumserver.twoplustwo.com/28/internet-poker/ftp-re-launch-answers-nov-6-a-1264635/

 

[mrmonkey]

And we're live! There are several issues and glitches at start (bonuses not showing up, not all pages and functions are available yet)... but I guess it will take them some time to get everything sorted out.

 

[ALL IN CLUBS]

Anyone from Us log in on Full Tilt and read the Terms and Agreement yet ?

 

[PokerDave]

Anyone from Us log in on Full Tilt and read the Terms and Agreement yet ?

I mean, right now it says, "Persons located in or residents of the United States, the United States Territories, france and applicable territories, Italy, Estonia, Belgium, Denmark and Spain (the "Prohibited Jurisdictions") are not permitted to make deposits into their accounts or engage in real-money play. They may cash out their existing account balances."

 

[BluffYou123]

Anyone got any idea what increments the Iron Man bonus releases in? Just located mine after thinking I wasn't gettin it. Gonna be tough to clear 2.5k points in tourneys in time to avail of the Deal Me In bonus.

 

[Charade You Are]

. They may cash out their existing account balances."

Great, except US players existing balances have been zeroed out.

Anyone having trouble changing password? Keeps telling me my old pw isn't correct, but I'm pretty sure it is.

 

[rhombus]

Great, except US players existing balances have been zeroed out.

Anyone having trouble changing password? Keeps telling me my old password isn't correct, but I'm pretty sure it is.

I forgot my password just click on forgot and they will send you a new one then change it back

 

[ziggymom]

Great, except US players existing balances have been zeroed out.

Anyone having trouble changing password? Keeps telling me my old password isn't correct, but I'm pretty sure it is.

I downloaded it on Nov 5 and I was asked the same question "To change my password" I had no problem doing it

 

[dmorris68]

If this article and the forfeiture attorney quoted are to be believed, things don't look good for US players getting money back without a major undertaking. And likely not for a couple more years.

According to Steven L. Kessler, an attorney based in New York City who specializes in forfeiture law and is representing high-stakes pro Adam Webb's attempt to recover nearly $59,000 in this case, it's business as usual to make seized funds difficult to recover. “Any forfeiture case is about fund-raising,” he says. “In one of its publications [the 'National Asset Forfeiture Strategic Plan 2008–2012'], the government talks about bringing in $2 billion in forfeitures and returning only $700 million.” Recouping Full Tilt funds will be “a long, drawn-out process to the point that you will need to be out five or six or seven figures for it to be worth pursuing. The system is set up so that you are discouraged from going after your money. There is the cost in terms of emotion, time, effort, and cash. You can do the claim yourself, but the discovery process will require you to show tax returns and bank statements. ... It's virtually impossible to do without an attorney. Plus, look at what you’re exposing to get back what belongs to you. You have to wonder if it will turn into a tax case.” He adds that PokerStars administering its own payment, in a simple and straightforward manner, was an anomaly. “I am surprised that they let PokerStars do it that way,” he says.
...
Attorney Kessler believes that none of the money will be paid out before the DOJ receives all $547 million Poker Stars is paying it, and that won’t happen until 2015.

Of course he is a lawyer, so you would expect him to justify his job and fees by saying you shouldn't attempt this on your own, so take it for what it's worth.

 

[homeplay303]

pokerstars byes fulltit poker

I was told that fulltilt poker was goning to be taking back u.s players soon,how can this be unless pokerstars will to. dose any one know if fulltilt is on the verge of taking on u.s players?

 

[JohnBoyWWFC]

It is not. Not sure where you got that info.

 

[okeedokalee]

Sad to see things are taking so long for U.S. players.The States can start legalizing dope. But a pastime enjoyed by millions is still illegal. Go figure?

 

[fletchdad]

Sad to see things are taking so long for U.S. players.The States can start legalizing dope. But a pastime enjoyed by millions is still illegal. Go figure?

That is a very valid point.

 

[ndirish620]

i had $140 on there when it got froze up! I don't know if its worth all the hassle to get it back from the government now. Seems like the government are really getting a lot out of this and for what reason? Besides paying back the players it seems the government just really scared Pokerstars out of their pants!

 

[ALL IN CLUBS]

i had $140 on there when it got froze up! I don't know if its worth all the hassle to get it back from the government now. Seems like the government are really getting a lot out of this and for what reason? Besides paying back the players it seems the government just really scared Pokerstars out of their pants!

What's the hassle going to be?

 

[dmorris68]

What's the hassle going to be?

If what I posted above (#289) has any truth to it, it may not be worth trying for less than 4 or 5 figures. I'm just a bit skeptical (naive?) that it'll be quite that bad. I don't expect the DOJ to make it drop-dead simple, if for no other reason than government bureaucracy is pretty much incapable of doing anything efficiently. But neither do I believe they'll go out of their way to further victimize the US players, since they used our victimization in their own crusade, and made it clear that they wouldn't approve any deals that didn't allow for repayment of US players.

For the most part I think it obvious the attorney I quoted above specializes in government seizures but knows nothing of the uniqueness of online poker. I expect he is looking at things from a typical seizure/recovery case where big business and big investors tangle, and people who were swindled out of 6+ figures fully expect to pay lawyers and watch long legal processes play out. I'd be surprised if the DOJ took that tack with ordinary poker players, but I guess we'll see once the process begins.

I expect I won't bother trying to request my rather small 3-figure balance (thankfully I had withdrawn most, probably not 60 days prior to BF) until I see how it goes for others. Then I'll decide if it's worth the effort.

 

[ALL IN CLUBS]

My Full Tilt Act had my Address on it . So the Doj will prob just send me my check in the mail in a week or so saying sorry for the long wait we included interest on your money we were holding for the last 18months Merry Christmas and thanks for living in the US God Bless AMerica

 

[usetheion13]

My Full Tilt Act had my Address on it . So the Doj will prob just send me my check in the mail in a week or so saying sorry for the long wait we included interest on your money we were holding for the last 18months Merry Christmas and thanks for living in the US God Bless AMerica

Or they will take your money, create a long and drawn out bill with hundreds of pages and dedicate it to "helping migrant salmon in the pacific ocean."

 

[ALL IN CLUBS]

That might not be too bad lol As long as I get to catch the Salmon later

 

[ibsiegel]

well if you have money there, that is great. But otherwise us players still cant play...