Pokerstars Buys Full Tilt Poker - Deal Complete!

[WVHillbilly]

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.

Well if they do it that way you can ship me the unfair portion.

 

[cardriverx]

If they paid out deposits I would cry as I never deposited

 

[Oskar006]

Great news! Big sucess!!!

 

[arahel_jazz]

It wouldn't be worth the postage stamp for me to claim my FT balance...

 

[Colbefc]

I am a bit lost here, PS have bought FT, I get that, but I read somewhere that they were definitely going to reopen FT. WHY?
I cant see what PS can gain by reopening their biggest rival, specially when US players cannot sadly play for real money. What have PS got to gain.
I must be in the minority here cos I hated FT, hated the games, software, and above all I never won there, but I just cant understand why PS would do it?

 

[WVHillbilly]

I am a bit lost here, PS have bought FT, I get that, but I read somewhere that they were definitely going to reopen FT. WHY?
I cant see what PS can gain by reopening their biggest rival, specially when US players cannot sadly play for real money. What have PS got to gain.
I must be in the minority here cos I hated FT, hated the games, software, and above all I never won there, but I just cant understand why PS would do it?

If Pepsi brought Coke don't you think they'd still continue to sell it to keep the market share of those who prefer it to Pepsi?

 

[absoluthamm]

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.

I would be at a huge loss, never deposited, but have ~$1k on there =/

 

[dmorris68]

I am a bit lost here, PS have bought FT, I get that, but I read somewhere that they were definitely going to reopen FT. WHY?
I cant see what PS can gain by reopening their biggest rival, specially when US players cannot sadly play for real money. What have PS got to gain.
I must be in the minority here cos I hated FT, hated the games, software, and above all I never won there, but I just cant understand why PS would do it?

Many people preferred FT to PS (I know I did) and still would if they had the choice. Having PS behind the company now, with their stellar support and obviously better business practices, it's a huge business win for PS to maintain FT's brand and market it as its own site. When US regulation happens and assuming they're allowed back in, which it seems is possible now, there could be a large marketshare that preferred FT before BF that will return. On top of that, PS now comes off as the hero of online poker not only because they paid out their own US players very quickly, but went above and beyond to step in and bail out FT's players as well. That's a huge win PR-wise.

Many companies buy up their competitors and maintain their branding, in fact I would argue that most successful companies would jump at the chance to acquire their biggest competitor if the terms were favorable. There's a lot about marketing that involves brand loyalty -- by acquiring popular brands you keep those loyal customers who might otherwise bail on you, or in this case might not return to poker at all. So this isn't at all unusual, at least not here in the US. Maybe it's a difference in the Euro business mindset but I don't see what the surprise is about? Makes perfect sense to me!

 

[Big_Rudy]

If Pepsi brought Coke don't you think they'd still continue to sell it to keep the market share of those who prefer it to Pepsi?

^^This.

vv Or, if you prefer the Dmo (read that as "long") version, then this .

Many people preferred FT to PS (I know I did) and still would if they had the choice. Having PS behind the company now, with their stellar support and obviously better business practices, it's a huge business win for PS to maintain FT's brand and market it as its own site. When US regulation happens and assuming they're allowed back in, which it seems is possible now, there could be a large marketshare that preferred FT before BF that will return. On top of that, PS now comes off as the hero of online poker not only because they paid out their own US players very quickly, but went above and beyond to step in and bail out FT's players as well. That's a huge win PR-wise.

Many companies buy up their competitors and maintain their branding, in fact I would argue that most successful companies would jump at the chance to acquire their biggest competitor if the terms were favorable. There's a lot about marketing that involves brand loyalty -- by acquiring popular brands you keep those loyal customers who might otherwise bail on you, or in this case might not return to poker at all. So this isn't at all unusual, at least not here in the US. Maybe it's a difference in the Euro business mindset but I don't see what the surprise is about? Makes perfect sense to me!

 

[ChuckTs]

I see US players will have to apply to the DOJ to get paid out. Don't have time right now to find it, but what about ROW players? Will they (we) be able to withdraw straight through ps/ftp?

edit: hurrr durrr, nevermind:

from http://www.fulltiltpoker.com/ :

Will I be able to cashout my entire balance? (Rest of World)

Yes. Full balances will be made available for immediate withdrawal once the site is reopened.

 

[ferratus]

This is great news. I got the email last night that this had taken place. I had just started playing online poker and made my first 100 bill deposit to " try it out ". Went out of town came back to find that grand FBI logo on page.......
My problem is I REALLY do not want to contact the DOJ and ask for my money back. The less the Federal Government knows the better as you are pretty much admitting to making deposits.... bleh...... then again I suppose if it the only way.

 

[dmorris68]

My problem is I REALLY do not want to contact the DOJ and ask for my money back. The less the Federal Government knows the better as you are pretty much admitting to making deposits.... bleh...... then again I suppose if it the only way.

Why do you care if you're admitting you made deposits? You think they don't already know who deposited?

There is nothing illegal about playing online poker or making a deposit as a player, so there is no reason to fear or worry that they "find out."

The DOJ and clueless mainstream media does a helluva job of propaganda, I'll give 'em that. I'm continuously amazed that so many people are still under the false impression that it was illegal to play online poker in the US. Aside from a couple of states who have just recently passed laws against it, it has never been illegal to play in the US.

 

[absoluthamm]

My problem is I REALLY do not want to contact the DOJ and ask for my money back. The less the Federal Government knows the better as you are pretty much admitting to making deposits.... bleh...... then again I suppose if it the only way.

First of all, it doesn't admit you made deposits, I never made any deposits and have a good amount coming back to me... Also, even if you did admit to making a deposit, so what, there is no law/rule or otherwise saying that it's illegal for YOU to make a deposit, it was not allowed for the banks to allow the transaction.

 

[Big_Rudy]

Why do you care if you're admitting you made deposits? You think they don't already know who deposited?

There is nothing illegal about playing online poker or making a deposit as a player, so there is no reason to fear or worry that they "find out."

The DOJ and clueless mainstream media does a helluva job of propaganda, I'll give 'em that. I'm continuously amazed that so many people are still under the false impression that it was illegal to play online poker in the US. Aside from a couple of states who have just recently passed laws against it, it has never been illegal to play in the US.

Yeah, this always amazes me, too. I even have friends whom I've told it seems like a million times that online poker isn't illegal. I always get a response similar to, "Well, that's not what I heard", or something along those lines. The powers-that-be surely have done a good job of promoting the "fact" that online poker and/or depositing is illegal and the masses just obiedently eat it up. **sigh** What can you do?????

 

[Leo 50]

I never made a deposit on FTP and I have a little over $300 on there.
poker stars wasn’t a deposit either, a kind friend here on CC made a transfer for me
to start a small bankroll there (I paid them from my FTP account)
Poker Stars paid me the entire amount of the balance on it’s site after BF, no questions asked
(didn’t even have to verify it) just gave them the info and it appeared in my bank account.

Now since the DOJ (or whoever) is going to pay me back I expect to filling
out reams of papers just to get my measly $300 and then of course
reporting to the IRS (we will probably have to supply SSN’s)

Oh well, whatever it is it’s MINE!!! MINE!!! MINE I TELL YOU!!! ALL MINE!!!!!

 

[the Styb]

Hey kids! Don't forget to claim those winnings on your taxes! Because the minute you apply to the Fed for your bankroll that has been in limbo, your name, address and other personal info will be sent straight to the IRS and stamped with a huge "ONLINE GAMBLER" stamp to let them know to audit you every year!

For those of you who had more deposit than winnings in there, hopefully you have paperwork proving this so you don't have to pay taxes on the deposit part… oh, wait… the paperwork says "snowshoes" because they were hiding the transactions! Oh well…!

(The above statements are made purely for humourous effect and will probably not be anything close to what will actually happen. I think.)

 

[Leo 50]

An interesting article in the NY Times

http://www.nytimes.com/2012/08/03/us/gambling-boom-leaves-states-struggling-to-catch-up.html

Delaware making strides in online gambling, may include online poker.

 

[suit2please]

An interesting article in the NY Times

http://www.nytimes.com/2012/08/03/us/gambling-boom-leaves-states-struggling-to-catch-up.html

Delaware making strides in online gambling, may include online poker.

Never liked anything I've seen come out of individual state bills. AFAIK they all only allow you to play against other people in your state. These type of bills are the worst thing for online poker in the US. If we can't play with people from all over the world, we should at least be able to play against the entire country minus the few states which make it illegal. If it comes down to state by state sites I guess I'll be stuck at Merge and Revolution forever, I highly doubt a New Hampshire based site would get more traffic.

 

[WVHillbilly]

Hey kids! Don't forget to claim those winnings on your taxes! Because the minute you apply to the Fed for your bankroll that has been in limbo, your name, address and other personal info will be sent straight to the IRS and stamped with a huge "ONLINE GAMBLER" stamp to let them know to audit you every year!

For those of you who had more deposit than winnings in there, hopefully you have paperwork proving this so you don't have to pay taxes on the deposit part… oh, wait… the paperwork says "snowshoes" because they were hiding the transactions! Oh well…!

(The above statements are made purely for humourous effect and will probably not be anything close to what will actually happen. I think.)

Oh good you're back for your $2 BR from FTP.

 

[bubbasbestbabe]

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

Fish finally win!

 

[Colbefc]

Thanks DM for your excellent reply to my questions. Yes I have to admit what you say makes perfect sense, I guess I am bias cos I didnt like FT but lots of people seemed to.

 

[kidkvno1]

Hey kids! Don't forget to claim those winnings on your taxes! Because the minute you apply to the Fed for your bankroll that has been in limbo, your name, address and other personal info will be sent straight to the IRS and stamped with a huge "ONLINE GAMBLER" stamp to let them know to audit you every year!

For those of you who had more deposit than winnings in there, hopefully you have paperwork proving this so you don't have to pay taxes on the deposit part… oh, wait… the paperwork says "snowshoes" because they were hiding the transactions! Oh well…!

(The above statements are made purely for humourous effect and will probably not be anything close to what will actually happen. I think.)

They will not send in your info, but i don't have proof on it. The DOJ and IRS have been at each other necks. aka the IRS has gone after the DOJ, and the DOJ has gone after the IRS.

 

[bubbasbestbabe]

I think the biggest winners on this deal will be those people who had deposits credited to their accounts but not taken out of their funding sources. Money for nothing.

 

[okeedokalee]

If and when we see our money it will be time to celebrate and the confidence will comeback to online poker.

 

[JohnBoyWWFC]

If and when we see our money it will be time to celebrate and the confidence will comeback to online poker.

If?!