Black Friday and the aftermath: Online Poker Implications

[Silo Graham]

Now owned by a former bankrupt whose done time for fraud - that's ok then!

just hope he just gives me my monies back##

dont give a fuck whats hes done never gonna play on that site again

This for me.  Can't see what is to be achieved by buying it.  If he gives everyone their money back, it's all being withdrawn and no one is going to play there again, if we don't get our money back, we're not playing there again anyway.  Going to have to offer some sick promos to get people playing on Tilt again in my opinion.

Plenty people will flock back to FT...people still played at UB as well.

UB didn't steal everyones money though, just a few rigged accounts here and there, and they never did that well afterwards.  If I ever go back to Tilt, you can be guaranteed I'm taking most of the money out and depositing as and when I need too.   God knows how I'd feel if I had thousands in there. I'm not sure I could ever trust the site again and I only had a few hundred (although it's all relative I guess)

[boldie]

Know what you're saying mate and I agree that Tapie didn't make the best desicion in the world but still think plenty of people will play on it

[kinboshi]

Now owned by a former bankrupt whose done time for fraud - that's ok then!

just hope he just gives me my monies back##

dont give a fuck whats hes done never gonna play on that site again

This for me.  Can't see what is to be achieved by buying it.  If he gives everyone their money back, it's all being withdrawn and no one is going to play there again, if we don't get our money back, we're not playing there again anyway.  Going to have to offer some sick promos to get people playing on Tilt again in my opinion.

Plenty people will flock back to FT...people still played at UB as well.

UB didn't steal everyones money though, just a few rigged accounts here and there, and they never did that well afterwards.  If I ever go back to Tilt, you can be guaranteed I'm taking most of the money out and depositing as and when I need too.   God knows how I'd feel if I had thousands in there. I'm not sure I could ever trust the site again and I only had a few hundred (although it's all relative I guess)

Blatant brag imo.

[Silo Graham]

I don't like to show off but.........

[tikay]

Incredibly, people will flock back if offered sign-up & rakeback incentives. Sad, but true.

Assuming it ever gets back up & running, that is.

Regulation is now sweeping Europe, though, & gl them getting through that.

[Royal Flush]

Somehow this is all backwards.

UB DID steal punters money, Full Tilt miss-managed it

[Simon Galloway]

Maybe it's just me, but I don't think I'd feel any different if someone rifled my pocket or misappropriated my funds.  Either way, I've been turned over.  You could argue that the pick-pocket was acting with intent and the (mis)management weren't, but criminal negligence is as bad as  intent.

[boldie]

Maybe it's just me, but I don't think I'd feel any different if someone rifled my pocket or misappropriated my funds.  Either way, I've been turned over.  You could argue that the pick-pocket was acting with intent and the (mis)management weren't, but criminal negligence is as bad as  intent.

But Full Tilt under new management will only be Full Tilt in name and Software. Surely Ferguson stealing your money under the name of full tilt doesn't mean that Tapie will steal your money just because he bought the software and still calls it full tilt?

[JaffaCake]

UB still have 10 grand of mine, if it's not stolen, how do i get it back?

[skolsuper]

Somehow this is all backwards.

UB DID steal punters money, Full Tilt miss-managed it

Lol mismanagement. "Oops, we accidentally paid out over $300m to shareholders whilst keeping almost no funds to cover a liability of $450m to players." Easy mistake to make I suppose...

[outragous76]

Somehow this is all backwards.

UB DID steal punters money, Full Tilt miss-managed it

Lol mismanagement. "Oops, we accidentally paid out over $300m to shareholders whilst keeping almost no funds to cover a liability of $450m to players." Easy mistake to make I suppose...

oops we accidentally credited peoples accounts without knowingly drawing on their funds

[Simon Galloway]

Maybe it's just me, but I don't think I'd feel any different if someone rifled my pocket or misappropriated my funds.  Either way, I've been turned over.  You could argue that the pick-pocket was acting with intent and the (mis)management weren't, but criminal negligence is as bad as  intent.

But Full Tilt under new management will only be Full Tilt in name and Software. Surely Ferguson stealing your money under the name of full tilt doesn't mean that Tapie will steal your money just because he bought the software and still calls it full tilt?

I didn't say (or intentionally imply) that Tapie = Ferguson, or that I wouldn't play there again under new management.

[Royal Flush]

Somehow this is all backwards.

UB DID steal punters money, Full Tilt miss-managed it

Lol mismanagement. "Oops, we accidentally paid out over $300m to shareholders whilst keeping almost no funds to cover a liability of $450m to players." Easy mistake to make I suppose...

I agree it was beyond retarded how badly managed things were but this notion that they needed to cover every $ on deposit is just silly, it would be bad business to keep that much cash surely?

[mulhuzz]

I agree it was beyond retarded how badly managed things were but this notion that they needed to cover every $ on deposit is just silly, it would be bad business to keep that much cash surely?

wat?

fair enough if you think that holding your customers' money on trust for them in a segregated account is bad business but most large companies would disagree with you (in fact, it's usually the law that they do so, especially where there's a disconnect between payment and product delivery, cf. Distance Selling Regulations, etc) but it was absolutely a condition of FTP's license that they would do this and they didn't.

And why would 'put money in a separate account and earn interest from it' be worse business than 'pay it to shareholders without being able to cover existing liabilities'?

[Royal Flush]

If it's a legal thing then fair enough, never quite understood it otherwise. Banks don't do it do they?