Full Tilt has been bought out

[tcummo]

^this
also miss the FT academy

 

[Mentor]

The thing I keep coming back to is that people kept playing on Ultimate Bet after the cheating scandal - poker players have proven time and again that they don't really care what happened last week as long as the action is good this week.

But assuming that wasn't the case, I don't think rebranding would do all that much good anyway. People aren't stupid, they'll know that even though it's a "new" site with a new name and logo it's got the same software, the same roster of signed pros (because giving them up regardless of what the site's name was would be really dumb) and for all intents and purposes it's still Full Tilt.

Everybody knows it's still the same site and all they'll really have done is waste a metric ton of cash trying to implement the new name and logo. They'll still have to answer the same questions from players about how their funds are going to be better protected in the future, they'll still have to face the same charges from the DOJ as well as any existing lawsuits so really, why bother?

You may be right, the money it would take to re-brand would be considerable.

I can't remember exactly (and can't really find the numbers either), but didn't AP and UB take big hits to their traffic following their respective scandals? Wasn't this one of the reasons they eventually formed Cereus -- to inject player liquidity? Didn't the games also shift drastically towards small-micro stakes?

You bring up some good points, though.

 

[wagon596]

Too bad it wasn't the USA that bought them,,,then maybe we could play again,,,

 

[AtiFCOD]

I'd play on FullTilt if it came back.

Keep most of my BR off of it, but still play it.

The software is just that good.

I left about $70 there. :-/

I agree about the software.

 

[katymaty]

http://www.onlinepoker.org/blog/agcc-to-return-license-to-full-tilt-poker/
http://www.gamblingcontrol.org/news.php
http://www.gamblingcontrol.org/userfiles/file/FTP media release 20110703.pdf

 

[F4STFORW4RD]

Fingers (and everything else) crossed, katymaty

 

[Atticus22]

time will tell if we ever get our money...

 

[cardriverx]

I left about $70 there. :-/

I agree about the software.

oh I left $1400 on there ahah. But if it came back to USA and I got my $$$ back I would prob just keep $100 on at a time, but still would play the SNGs I was usually playing (and crushing) ($11 Rush On-Demand SNGs)

 

[bolda3]

After my nice sized bankroll got locked up I finally got up to 300,000 play chips and now FTP shut down totally-lol, just my luck. Well glad to get my bankroll back in the near future and hopefully FTP will be open to US players soon.

 

[ZODECI]

Personally, I think FTP is done. Finished. Will never be the same whether they are bought out or not.

 

[okeedokalee]

FT has such variety that should it return it will always have devotees including moi'.

We all live in hope, but reality may bite and shatter many a dream.

I'm building a bankroll on another site just in case.

 

[swingro]

Personally, I think FTP is done. Finished. Will never be the same whether they are bought out or not.

At the moment it will be up (if it will be up), it will be full. Probabely noone will keep more than 10% of his BR there for a half of the year but it will fill up.

 

[OzExorcist]

Personally, I think FTP is done. Finished. Will never be the same whether they are bought out or not.

Care to elaborate on why you think that will be the case?

 

[Amroth]

It it reopens I will also keep my small BR there, I like the trafic, the tournaments and the software.

Fingers crossed too

 

[ZODECI]

Care to elaborate on why you think that will be the case?

When the #2 poker site lies to all their customers that their $ is safe, it's a big deal. Even if they do get bought out, their reputation is destroyed beyond repair. Potential investors aren't looking to buy goodwill -- there is none. Just software.

Now let's talk about the buyer's profile and let's assume it's a competitor in the industry. I'll use pokerstars as an example. Why would a company like Pokerstars shell out all those millions to get a business that they're going to get anyway? They wouldn't.

Therefore, I think anyone who's thinking of buying FTP is crazy (especially if they're not a poker entity already operating). Whoever buys FTP has to assume all the liabilities that comes with it --- $ owed and the damaged reputation. They're going to lose $. The non-US players who can afford to play elsewhere have already done so and I don't see the reason "I like FT's software" as a good enough reason to come back. The ones that do will be trusting the site with far less $ -- so tell me, will FTP be able to generate enough rake to make a decent ROI for the new owners? The answer is no.

By now, players are super cautious on where to place their funds. Pokerstars, Party, betfair, Bwin, Betsson, 888, Genting, Bluesquare, Bet24, Ladbrokes, unibet, Betfred, william hill, 32red is just a very short list of companies that are financially strong. With those options, I don't see why anyone would want to trust FTP with their funds again.

The only way I see FT surviving after the buy-out is if they have Phil Ivey promoting it.

 

[WVHillbilly]

When the #2 poker site lies to all their customers that their $ is safe, it's a big deal. Even if they do get bought out, their reputation is destroyed beyond repair. Potential investors aren't looking to buy goodwill -- there is none. Just software.

Now let's talk about the buyer's profile and let's assume it's a competitor in the industry. I'll use Pokerstars as an example. Why would a company like Pokerstars shell out all those millions to get a business that they're going to get anyway? They wouldn't.

Therefore, I think anyone who's thinking of buying FTP is crazy (especially if they're not a poker entity already operating). Whoever buys FTP has to assume all the liabilities that comes with it --- $ owed and the damaged reputation. They're going to lose $. The non-US players who can afford to play elsewhere have already done so and I don't see the reason "I like FT's software" as a good enough reason to come back. The ones that do will be trusting the site with far less $ -- so tell me, will FTP be able to generate enough rake to make a decent ROI for the new owners? The answer is no.

By now, players are super cautious on where to place their funds. Pokerstars, Party, Betfair, Bwin, Betsson, 888, Genting, Bluesquare, Bet24, ladbrokes, Unibet, Betfred, William Hill, 32Red is just a very short list of companies that are financially strong. With those options, I don't see why anyone would want to trust FTP with their funds again.

The only way I see FT surviving after the buy-out is if they have Phil Ivey promoting it.

As long as there are fish in the sea the sharks will be there as well. I'm pretty sure there are still fish who have no idea FTP has even been shut down.

 

[F4STFORW4RD]

I couldn't care less whether Phil Ivey is promoting it or not, I will be there because I like their software better than anybody else's poker software.

 

[Ballack]

yeah, ivey sue full tilt. have also heard that full tilt will be sell to some european investors....but that are just the rumours....

have been thinking on the old days, all the players from usa and everything was well....great time, want it back!!!!
but i think we have to wait and maybe the old times will come back (hopefully ballack)

 

[Debi]

As long as there are fish in the sea the sharks will be there as well. I'm pretty sure there are still fish who have no idea FTP has even been shut down.

You are so right. Cardschat gets emails from members every day now asking why they can't log into Full Tilt. (These are non-active CC members or players who used our link but did not join the forum). There are a lot of FT players who have no clue what has happened - and will still have no clue if they ever open back up.

People don't understand how many online poker players never enter a forum and have no clue what is going on in the poker world.

 

[WVHillbilly]

You are so right as usual.

I'm framing this.

 

[NineLions]

I'm framing this.

Quick Debi, admin edit and remove

 

[Debi]

I'm framing this.

Just make it your signature - Tammy did lol.

Quick Debi, admin edit and remove

 

[pifan]

As long as there are fish in the sea the sharks will be there as well. I'm pretty sure there are still fish who have no idea FTP has even been shut down.

W#hat FTP is shut down!! why didnt anyone tell me ?

 

[WVHillbilly]

Quick Debi, admin edit and remove

Just make it your signature - Tammy did lol.

No one even noticed my "sly" editing of Debi's comment!

pifan I wasn't talking about you, honest. Wanna play some HU???

 

[poker d player]

There is certainly value in FTP's brand, player pool, software and patents. But their brand is taking a massive blow, and it's hard to say at this point how effective their damage control will be when they come back.

I think the ideal situation for investors would be to re-brand, require a play-through for current depositors, offer some unbelievable promotions on coming back, and inject enough liquidity to see that US players are paid and non-US players are seeing cashouts processed quickly. The situation can definitely be salvaged, and there is a lot of money to be made.

I agree with this. I hope they come back soon and let many of us have access to our BRs. I think they had the best software available, at least when we were able to use it.