Black Friday and the aftermath: Online Poker Implications

[DaveShoelace]

Nowt to do with me

[SuperJez]

Nowt to do with me

aight mate sorry, I thought good chance it was because of the video and the dave link and writing etc, my bad

[Junior Senior]

I cashed out $1.1k from FT 2 days ago, I got an email saying it had been approved. Do you think itll be clearing and money on its way? Or did I win a play money tournament?

I dont hold much hope

GIQ please, noone likes a big 'ed

[AndrewT]

Nowt to do with me

We knew that - the story was about something that happened today, not 5 years ago...

[kinboshi]

DaveShoelace did you write that horrible scaremongering article about pokerstars that got swiftly changed?

proberly

[SuperJez]

Sick I wanna delete my original question but its been quoted so many times im fecked.

GL to any blonde who still had money on FTP...Nothing much I hope

[byronkincaid]

DaveShoelace did you write that horrible scaremongering article about pokerstars that got swiftly changed?

?

An article appeared on a betfair site by "Dave Allan" that basically insuinuated stars was going to lose their licence as well and everyone should cash out of stars and blah de blah, very shortly after FTP went down today.  It was swiftly changed soon after with all references to stars removed, I heard stars flipped out about it (unsurprisingly).  I only made the link because the article used the same game over vid dave linked early in this thread, its just a guess which is why I asked.  It pissed me off because 1) Stars dont deserve that crap and 2) moderated

was this-

The question that now arises is will the Isle of Man Gambling Commission feel able to renew the licence of Pokerstars given that Alderney's decision to revoke Full Tilt's licence was based on the events of April 15 and not on their inabilty to ringfence funds. It will be no surprise to see many players rushing to withdraw from Pokerstars in the light of today's decision.

[Bongo]

AgentMarco Marco Valerio
Source: From inside FTP: site will "re-open" in "a few hours" and "operate without a license," remove Alderney logos, and change T&C.

I'll believe this when I see it. No licence will mean Visa and Mastercard won't work with them. I think Moneybookers have already told them to GTFO - how are people supposed to deposit?

Are they just hoping people with balances will grind them into rake?

Would mean moving their web server to Kahnawake made some sense though...

http://uptime.netcraft.com/up/graph/?host=www.fulltiltpoker.com

[SuperJez]

yep

[tikay]

AgentMarco Marco Valerio
Source: From inside FTP: site will "re-open" in "a few hours" and "operate without a license," remove Alderney logos, and change T&C.

I'll believe this when I see it. No licence will mean Visa and Mastercard won't work with them. I think Moneybookers have already told them to GTFO - how are people supposed to deposit?

Are they just hoping people with balances will grind them into rake?

Subject: Poker has learned from several reliable sources of a rift in the relationship between Moneybookers and Full Tilt Poker. The dispute centers around FTP’s apparent selective processing of withdrawals to the e-wallet.

Since Black Friday, Full Tilt has been disabling Moneybookers withdrawals for players from various countries in a seemingly arbitrary pattern. This has been a significant financial burden for the payment processor.1 Sources close to the situation have told Subject: Poker that Moneybookers has been in regular communication with Full Tilt Poker over this topic since April 15th, but the two companies have reportedly been unable to reach a compromise. Moneybookers has reportedly threatened to stop doing business with the poker site if the problem is not resolved quickly.

Full Tilt has the ability to turn off Moneybookers withdrawals for each individual country at will. Numerous threads across the Two Plus Two Poker Forums confirm that some countries have indeed been sporadically unable to withdraw to Moneybookers. E-wallet withdrawals were quite fast before Black Friday, but since the April 15th indictments, some non-US players have been reporting delays up to several weeks.

Moneybookers, based in London, is one of the largest e-wallets in the world servicing more than 18 million customers. It is reportedly FTP’s largest payment processor for non-US customers.

And.....

It seems that FTP has been unable to resolve this dispute with Moneybookers. Players report receiving the following email from Moneybookers:

Dear [player],
As a Moneybookers customer, you already know you are the most important part of our business. We always make sure you receive the safest service.

For this reason we have stopped accepting deposits made to Full Tilt Poker.

There are extraordinary circumstances behind this situation which are beyond our control. We will not comment on these, just take appropriate action that protects our customers.

We have requested that the Moneybookers logo be removed from Full Tilt Poker, but cannot do any more to make sure it is not displayed. Moneybookers is no longer available from Full Tilt Poker, and you will receive an error message if you attempt to use our service there.

We want you to continue to enjoy your gaming with Moneybookers, and recommend you have a look at our gaming promotion page.

As we have stated, this is an extraordinary situation, and we will try to have all connected issues resolved as soon as possible.

Should you have any questions, please contact our customer support.

Best wishes,

Your Moneybookers Team


The full article, with numerous responses, is here.....

http://www.subjectpoker.com/2011/06/dispute-between-ftp-and-moneybookers/

[MPOWER]

http://www.pokernews.com/news/2011/06/breaking-news-full-tilt-poker-license-suspended-by-agcc-10629.htm

WP 

Regards

M

[boldie]

AgentMarco Marco Valerio
Source: From inside FTP: site will "re-open" in "a few hours" and "operate without a license," remove Alderney logos, and change T&C.

I'll believe this when I see it. No licence will mean Visa and Mastercard won't work with them. I think Moneybookers have already told them to GTFO - how are people supposed to deposit?

Are they just hoping people with balances will grind them into rake?

Subject: Poker has learned from several reliable sources of a rift in the relationship between Moneybookers and Full Tilt Poker. The dispute centers around FTP’s apparent selective processing of withdrawals to the e-wallet.

Since Black Friday, Full Tilt has been disabling Moneybookers withdrawals for players from various countries in a seemingly arbitrary pattern. This has been a significant financial burden for the payment processor.1 Sources close to the situation have told Subject: Poker that Moneybookers has been in regular communication with Full Tilt Poker over this topic since April 15th, but the two companies have reportedly been unable to reach a compromise. Moneybookers has reportedly threatened to stop doing business with the poker site if the problem is not resolved quickly.

Full Tilt has the ability to turn off Moneybookers withdrawals for each individual country at will. Numerous threads across the Two Plus Two Poker Forums confirm that some countries have indeed been sporadically unable to withdraw to Moneybookers. E-wallet withdrawals were quite fast before Black Friday, but since the April 15th indictments, some non-US players have been reporting delays up to several weeks.

Moneybookers, based in London, is one of the largest e-wallets in the world servicing more than 18 million customers. It is reportedly FTP’s largest payment processor for non-US customers.

And.....

It seems that FTP has been unable to resolve this dispute with Moneybookers. Players report receiving the following email from Moneybookers:

Dear [player],
As a Moneybookers customer, you already know you are the most important part of our business. We always make sure you receive the safest service.

For this reason we have stopped accepting deposits made to Full Tilt Poker.

There are extraordinary circumstances behind this situation which are beyond our control. We will not comment on these, just take appropriate action that protects our customers.

We have requested that the Moneybookers logo be removed from Full Tilt Poker, but cannot do any more to make sure it is not displayed. Moneybookers is no longer available from Full Tilt Poker, and you will receive an error message if you attempt to use our service there.

We want you to continue to enjoy your gaming with Moneybookers, and recommend you have a look at our gaming promotion page.

As we have stated, this is an extraordinary situation, and we will try to have all connected issues resolved as soon as possible.

Should you have any questions, please contact our customer support.

Best wishes,

Your Moneybookers Team


The full article, with numerous responses, is here.....

http://www.subjectpoker.com/2011/06/dispute-between-ftp-and-moneybookers/

Reading between the lines I translate this as "Tilt already had problems with cash flow and getting money back to US based players and therefore decided to buy themselves a bit more time by, occasionally, turning off one of the taps that flowed to Non-US players"

Rob Peter to pay Paul etc.

The question that now arises is will the Isle of Man Gambling Commission feel able to renew the licence of Pokerstars given that Alderney's decision to revoke Full Tilt's licence was based on the events of April 15 and not on their inabilty to ringfence funds. It will be no surprise to see many players rushing to withdraw from Pokerstars in the light of today's decision.

Seems a perfectly legitimate question to ask IMO. If Stars flipped out and wanted it withdrawn I would probs tell them to GTFO.

[TightEnd]

Welcome to the Isle of Man Gambling Supervision Commission
GSC Statement 29th June 2011

The Isle of Man Gambling Supervision Commission wishes to make it clear that the licensing status of PokerStars in the Isle of Man remains unchanged following today's statement from the Gambling Control Commission in Alderney. Alderney is a separate jurisdiction from the Isle of Man and the operation in question is separate from PokerStars.

PokerStars continues to demonstrate compliance with its licence conditions in the Isle of Man. PokerStars continues to offer withdrawals to any players who wish to withdraw their funds, including players in the USA to whom PokerStars does not currently offer real-money gaming.

[tikay]

It gets uglier by the minute.

http://wickedchopspoker.com/full-tilt-poker-shut-down-alderney-suspends-license/

[Simon Galloway]

Did I miss something?  That doesn't add anything new from the first breaking news?