Pokerstars Buys Full Tilt Poker - Deal Complete!

[Charade You Are]

From pokerstars.com:

For now, we've posted an FAQ for Full Tilt players. There is also a short FAQ for PokerStars players.

One final word about the future U.S. market. Our settlement acknowledges that both PokerStars and Full Tilt are eligible to apply for a license in the U.S. to offer real money poker when states or the federal government offer such an opportunity. We look forward to this opportunity and are confident that we bring tremendous value, regulatory experience, market credibility and financial integrity to the marketplace.

We're optimistic about the future and we look forward to sharing the next chapters in our history with you.​

We can only hope.

 

[Debi]

From pokerstars.com:

For now, we've posted an FAQ for Full Tilt players. There is also a short FAQ for PokerStars players.

One final word about the future U.S. market. Our settlement acknowledges that both PokerStars and Full Tilt are eligible to apply for a license in the U.S. to offer real money poker when states or the federal government offer such an opportunity. We look forward to this opportunity and are confident that we bring tremendous value, regulatory experience, market credibility and financial integrity to the marketplace.

We're optimistic about the future and we look forward to sharing the next chapters in our history with you.​

We can only hope.

Amen!

 

[tbdbitl]

"PokerStars is prohibited from offering online poker in the U.S. for real money unless and until it is legal to do so under U.S. law."

Ummm... excuse me Mr. DOJ - Online Poker is legal under U.S. Law. It is the transfer of funds into the hosting site that is illegal.

Seems to me like someone has an implied law here.

Amen and the DOJ back off that the wire act covered poker too. hmmmm

 

[ckingriches]

Does this settlement mean I can play real money online poker in the United States?

No. Under the terms of our agreement with the U.S. Department of Justice, we will not offer real money online poker in the U.S. until such time as there is regulation and licensing permitting this. The agreement does expressly allow for both PokerStars and Full Tilt Poker brands to apply for such licenses in the U.S. whenever they are offered.

Am I the only US resident who sees this as a significant negative? Maybe some of you are just happy at the prospect of getting your funds back.

 

[Debi]

Does this settlement mean I can play real money online poker in the United States?

No. Under the terms of our agreement with the U.S. Department of Justice, we will not offer real money online poker in the U.S. until such time as there is regulation and licensing permitting this. The agreement does expressly allow for both PokerStars and Full Tilt Poker brands to apply for such licenses in the U.S. whenever they are offered.

Am I the only US resident who sees this as a significant negative? Maybe some of you are just happy at the prospect of getting your funds back.

You are probably in a tiny minority - because before the above we feared they would never be permitted in our market again under any circumstances.

I view it as a HUGE win for us.

 

[onemorechance]

Probably a minority of about 3 people. There was no way Stars/new FTP was going to offer real money games in the US right now. Doing that would seriously affect their chances of gaining a license when such a possibility becomes available

 

[bubbasbestbabe]

Be prepared for a chunk of your money to be missing. As with any winnings you get over $1000 the IRS will take their cut.

 

[Debi]

I think at most the DOJ will notify the IRS of any payments over a specific amount and then the IRS would contact us. Balance simply does not = earnings.

 

[the lab man]

Only the part from the paid registration fees - the $200 added was never done.

Thats cool almost forgot about this

 

[LarkMarlow]

The PPA has created a repayment resoucre center that I think will be quite helpful to all of us US players: http://theppa.org/repayment/

 

[dmorris68]

Be prepared for a chunk of your money to be missing. As with any winnings you get over $1000 the IRS will take their cut.

Again, as I posted earlier, the DOJ does not collect taxes, and they don't work for/with the IRS. They're pretty much rival agencies. As Debi said and I said earlier, worst case is they probably hand off a player list to the IRS who may or may not choose to follow up or audit the players with larger balances. But they can't easily distinguish what part of balances are winnings and thus taxable. We can never be 100% certain until we get our money, but I'm willing to bet the IRS will not be involved in payouts.

 

[WVHillbilly]

Well then there is this: http://www.forbes.com/sites/nathanv...yers-will-they-get-their-poker-winnings-back/

I don't buy it but if it happened that way I go from $7k down to $200!!!

 

[Charade You Are]

You are probably in a tiny minority - because before the above we feared they would never be permitted in our market again under any circumstances.

This ^^^^^^^

 

[Debi]

Well then there is this: http://www.forbes.com/sites/nathanv...yers-will-they-get-their-poker-winnings-back/

I don't buy it but if it happened that way I go from $7k down to $200!!!

If they felt that way we would not have received our Pokerstars money back.

 

[Charade You Are]

Well then there is this: http://www.forbes.com/sites/nathanv...yers-will-they-get-their-poker-winnings-back/

I don't buy it but if it happened that way I go from $7k down to $200!!!

"Several sources familiar with the situation say no decision on this vital issue has been made, but there are people at the Department of Justice who are uncomfortable with the idea of paying U.S. players money that was won in online poker games played on Full Tilt’s web site. "

UNCOMFORTABLE? %$&^%$ they are still pretending online poker is illegal!!!

If they felt that way we would not have received our Pokerstars money back.

Sounds like the difference now is that the Asset Forfeiture Program people are in charge...and quess what? It is in their interest to keep our money.

 

[kidkvno1]

Well then there is this: http://www.forbes.com/sites/nathanv...yers-will-they-get-their-poker-winnings-back/

I don't buy it but if it happened that way I go from $7k down to $200!!!

If this does happen, i say we file a law suit on the DOJ..



WVH that did say $50 before i Quoted it.

 

[WVHillbilly]

WVH that did say $50 before i Quoted it.

It did. I was thinking about my initial online deposit ($50 on bodog) but then I remembered that I started with $200 on FTP.

 

[Cooking]

As a non-US player, I'm really happy that I'll have my money back in 90 days. Hope that all US players receive their money as soon as possible too. Can't wait to come back to FT!

 

[eberetta1]

Glad to hear the deal got done after I went to bed 5:00 a.m. Tuesday morning. Will let you know if I get paid by Christmas as that is what I also got from reading the original leaked article.
Half a billion paid to the DOJ, to make things right. Talk about bribery. We have RICO laws here in America. They should be used on the DOJ.

 

[absoluthamm]

Failed to read any links, get to that.
Will this mean US players accepted in the near future, or not at all possible?

For the love of God, please just read before you post a question that's already been covered numerous times.

 

[fletchdad]

For the love of all your CC sisters and brothers, please just read before you post a question that's already been covered numerous times.

FYP

 

[blankoblanco]

Sounds like the difference now is that the Asset Forfeiture Program people are in charge...and quess what? It is in their interest to keep our money.

Net deposits > account balances (hence how sites profit, aka rake). This would make them responsible for paying out more. A whole lot more, actually, since tons of $ that were at one time in people's account balances were successfully cashed out before BF

Not to mention the records of money specifically deposited in all the years the site ran would be very difficult to attain and possibly confusing. There's basically no level on which it makes any sense for them to pay out deposits rather than account balances. It would be a ridiculous move

 

[Panamajoe]

They already are. The reason for the remission applications is to make it a hassle or scare some players into not submitting. There will be MILLIONS in unclaimed funds. Either because people don't know how to apply, they are afraid because they haven't been claiming their winnings or they think online poker is/was illegal, or the process is just too much hassle for smaller BRs. All that unclaimed money will eventually end up in the DoJ coffers.

Where it will quickly and forever go missing. eh?:stickyman

 

[WVHillbilly]

Net deposits > account balances (hence how sites profit, aka rake). This would make them responsible for paying out more. A whole lot more, actually, since tons of $ that were at one time in people's account balances were successfully cashed out before BF

Not to mention the records of money specifically deposited in all the years the site ran would be very difficult to attain and possibly confusing. There's basically no level on which it makes any sense for them to pay out deposits rather than account balances. It would be a ridiculous move

This would be true if they had to pay out everyone who ever deposited obviously BUT they only have to pay out to the ones who request remission. And if they do it based on deposits (and again I don't think they will) that number would almost certainly be smaller than if they do it based on what's in the accounts of those requesting.

 

[Debi]

This would be true if they had to pay out everyone who ever deposited obviously BUT they only have to pay out to the ones who request remission. And if they do it based on deposits (and again I don't think they will) that number would almost certainly be smaller than if they do it based on what's in the accounts of those requesting.

Some of us would benefit nicely if they based it on deposits - but they really shouldn't do that.

I made multiple deposits on behalf of Cardschat lol. I also deposited for my sister several times and transferred to her account. It would be so unfair to pay me for those. While it would be awesome for me - I would hate it for others.