Black Friday and the aftermath: Online Poker Implications

[tikay]

This will go down well, I'm quite sure......

http://www.egrmagazine.com/news/1694657/breaking-news-full-tilt-hearing-to-take-place-in-private.thtml

[tikay]

Not quite sure what this tells us......

http://www.pokerstrategy.com/news/world-of-poker/Exclusive:-PokerStrategy.com-Receives-New-Full-Tilt-Poker-Statement_51523/

[Bongo]

So the head of the AGCC doesn't want a private hearing but they're having one anyway because another part of the AGCC says they should?

[TightEnd]

Not quite sure what this tells us......

http://www.pokerstrategy.com/news/world-of-poker/Exclusive:-PokerStrategy.com-Receives-New-Full-Tilt-Poker-Statement_51523/

that Poker Strategy is owed a lot of affiliate payments by FTP therefore gets an exclusive?

[boldie]

Not quite sure what this tells us......

http://www.pokerstrategy.com/news/world-of-poker/Exclusive:-PokerStrategy.com-Receives-New-Full-Tilt-Poker-Statement_51523/

That FTP is setting up a massive grim?

[TightEnd]

Germany has 16 states, or Länder. One of them, Schleswig-Holstein, recently passed legislation that will legalize and regulate online poker.

The new legislation allows for betting exchange, sports books, poker and all casino games except roulette, blackjack, and baccarat, according to eGaming Review. The law will go into effect Jan. 1, 2012, and licenses will be valid beginning March 1. The state will also impose a 20 percent tax on gross profits.

After the news, Befair released a statement saying, “Schleswig-Holstein’s new online gambling treaty is a welcome piece of legislation geared towards creating a genuinely open, transparent and responsible online gambling market in Germany. We are pleased that it has today passed through the state parliament and we look forward to applying for a license to operate there."

"We are now hopeful that the other 15 German states will make the required amendments to their proposed State Treaty, in order to bring it into line with EU law and with the law passed in S-H today," it continued. “Betfair is committed to participating in the online gambling market in Germany, ready and willing to pay taxes there and offer German consumers competitive, innovative and safe products."

[tikay]

Presumably, no word has leaked out from todays "in-camera" FTP/AGCC hearing?

I read an interesting piece on QuadJacks earlier today about one Scott Lederer (cousin of HL) who seemingly ran the FTP Merchandise "shop".

Messier & messier.

[FUN4FRASER]

Not quite sure what this tells us......

http://www.pokerstrategy.com/news/world-of-poker/Exclusive:-PokerStrategy.com-Receives-New-Full-Tilt-Poker-Statement_51523/

It unfortunately tells us what we already know ... Nothing New !!

Full Tilt is History and our Money is Too  ! they shouldn't prolong this nonsense and accept that there is too much dirty water under the bridge for this phoenix to rise from the flames

[tikay]

Not quite sure what this tells us......

http://www.pokerstrategy.com/news/world-of-poker/Exclusive:-PokerStrategy.com-Receives-New-Full-Tilt-Poker-Statement_51523/

It unfortunately tells us what we already know ... Nothing New !!

Full Tilt is History and our Money is Too  ! they shouldn't prolong this nonsense and accept that there is too much dirty water under the bridge for this phoenix to rise from the flames

.....or even ashes.......

[FUN4FRASER]

Not quite sure what this tells us......

http://www.pokerstrategy.com/news/world-of-poker/Exclusive:-PokerStrategy.com-Receives-New-Full-Tilt-Poker-Statement_51523/

It unfortunately tells us what we already know ... Nothing New !!

Full Tilt is History and our Money is Too  ! they shouldn't prolong this nonsense and accept that there is too much dirty water under the bridge for this phoenix to rise from the flames

.....or even ashes.......

Normally the ashes Tony agreed .. though Im afraid this birds wings are so badly burnt that its chances of a reincarnation are minimal.  

[TightEnd]

Still no news, I assume?

[pleno1]

gl today to ftp

[tikay]

Still no news, I assume?

Not heard a.......

[AndrewT]

The Feds have now accused FTP of being a massive Ponzi scheme and have added Lederer and Ferguson to the suit they filed back on Black Friday.

http://www.forbes.com/sites/nathanvardi/2011/09/20/feds-call-full-tilt-poker-a-massive-ponzi-scheme/

http://www.subjectpoker.com/2011/09/ftp-civil-amended/

http://www.subjectpoker.com/files/extra/Civil-Complaint--Amended-09-20-2011.pdf

[AndrewT]

LOL - the board of directors paid themselves $440m in the 4 years from April 2007-April 2011.

Yep, that's gg everyone, I think.