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Author Topic: Black Friday and the aftermath: Online Poker Implications  (Read 174865 times)
Ant040689
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« Reply #480 on: July 01, 2011, 04:21:56 AM »

This link has just become available

http://www.latimes.com/business/la-fi-online-poker-20110701,0,6054543.story

I hope this comes good.
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SuperJez
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« Reply #481 on: July 01, 2011, 04:57:57 AM »


[/quote]

I've never understood why no-one's reused the old Tribeca or Paradise software.  Both were the shizzles compared to Boss, iPoker, etc.
[/quote]

The agreement with tribeca when playtech bought them out was the software would be destroyed and never reused again.  Not only that but there was a major security hole found apparently in it, remember the day everyone had their password changed on some skins?

I know what you mean tho, tribeca play interface was extremely good and I would rather they had used it as well.

Not sure on the details with the paradise software.  Presumably sporting bet own it.  I also would like to order drinks and smoke at the table again, and explode when i get kod out a tournament....
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Jon MW
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« Reply #482 on: July 01, 2011, 05:13:50 AM »

Press release from LA Times:-

Full Tilt to be sold to European investors

http://www.latimes.com/business/la-fi-online-poker-20110701,0,6054543.story

xx

It would be interesting to see who they were, one of the options I thought was possible was that a private equity firm could buy Full Tilt. Some of them easily have deep enough pockets to buy it, ride out the storm then sell it on to a US based casino for example. I wouldn't have thought that was likely until after the current legislation to try and legalise online poker in the US was clarified though.
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Jon "the British cowboy" Woodfield

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SuperJez
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« Reply #483 on: July 01, 2011, 06:31:43 AM »

It certainly sounds good for FTP players, fingers crossed for you guys.  Some places are saying its a "European investment group".  Quadjacks said it was binion, Calvin Ayre said it was BWIN.PARTY.  Lol.  Cliffs: nobody knows who it is yet but its very likely been sold.
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SuperJez
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« Reply #484 on: July 01, 2011, 08:59:22 AM »

from a poster at 2+2

doyle and durrr saying it's not a done deal yet via twitter. Calvin Ayre saying the buyers walked away after getting their licensed suspended.
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boldie
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« Reply #485 on: July 01, 2011, 12:43:16 PM »

Press release from LA Times:-

Full Tilt to be sold to European investors

http://www.latimes.com/business/la-fi-online-poker-20110701,0,6054543.story

xx

It would be interesting to see who they were, one of the options I thought was possible was that a private equity firm could buy Full Tilt. Some of them easily have deep enough pockets to buy it, ride out the storm then sell it on to a US based casino for example. I wouldn't have thought that was likely until after the current legislation to try and legalise online poker in the US was clarified though.

Why would they buy a company that is mired in PR shit, has loads of legal issues and which has loads of debt unless they can buy it for absolute pennies?
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AndrewT
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« Reply #486 on: July 01, 2011, 01:35:48 PM »

Why would they buy a company that is mired in PR shit, has loads of legal issues and which has loads of debt unless they can buy it for absolute pennies?

That can be all be made to go away with a change of ownership and a rebranding - leaving someone with a massive player database and the best poker software at the time that the US will open up to online poker again.
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Bongo
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« Reply #487 on: July 01, 2011, 01:56:32 PM »

Would they even need to re-brand?

If they could pay back US players and segregate funds I think they might be ok.

Of course they might think it cheaper to re-brand, but would it really work?

Having said that people still played at UB etc.
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SuperJez
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« Reply #488 on: July 01, 2011, 02:18:56 PM »

Deuces just said its a sale of the "good" stuff only.  Not selling the FTP brand or taking on the name/debts, just buying the software etc.  Deuces previously predicted FTP didnt have enough money to pay players when black friday struck, and that june 29th would be the day FTP died about a month before that date.  He claims to be an ex employee of FTP with access to insider information.  He also said quite a bit of wrong stuff. Make of it what you will
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Bongo
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« Reply #489 on: July 01, 2011, 02:23:24 PM »

Sounds like all players are pretty much screwed then?
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AndrewT
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« Reply #490 on: July 01, 2011, 02:35:23 PM »

Deuces is just some guy on the internet who got lucky guessing a date (FTP having spent at least some of the player's money was pretty much suspected for a long time within the industry).

He's guessing again and getting off on the 2+2tards lauding him as a god.
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SuperJez
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« Reply #491 on: July 01, 2011, 02:37:08 PM »

I agree hes just pretty much guessing and you can only take a little bit from his posts if anything, but he was spot on about june 29th cant argue against that
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outragous76
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« Reply #492 on: July 01, 2011, 03:21:37 PM »

reworking of a classic

http://www.youtube.com/watch?v=3GnLrpdAH7Y
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TommyD
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« Reply #493 on: July 01, 2011, 03:34:52 PM »

Dueces didn't get anything right.  His prediction was FT would default on payments to U.S. players and cease trading shortly afterwards.  This hasn't happened.  It's like a fortune teller telling you a date on which you will die and on that day someone steals your car and your house burns down.  It's a crap day but you're still alive and the prediction didn't mean jack.
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sledge13
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« Reply #494 on: July 01, 2011, 04:38:42 PM »

Looks like Paddypower have got Full Tilt...

http://www.paddypowerpoker.com/?LANG=en&AFF_ID=6140&ACD=&ef_id=&btag=

 Cheesy Cheesy
« Last Edit: July 01, 2011, 04:40:34 PM by sledge13 » Logged
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