Full tilt players to be paid in full?

[Suited_Jock]

So on 2+2 a thread just popped up saying stars just bought full tilt after agreeing a deal with the DOJ.

If this was made up nonsense the post would have been yaken down pronto but According to one of the top mods and many respected posters they are confirming this as true.

No facts as of yet but a press release is expected shortly. Hope this can finally put the saga to rest.

Just wanted to share this news

Ps hope I'm actually allowed to post this as was unsure of rules regarding other sites etc

[TightEnd]

post is fine Matt.

Will merge it into the Black Friday thread once people have seen it/if it develops

[MC]

link?!

[Suited_Jock]

It's in the news views gossip forum. Can't miss it. I've followed the most of the saga on and off for the last year as have got a lot of $ (for me lol) stuck there. Something just feels like this isn't a windup? I could be wrong but I think this is legit.

Pokerstars staff have all been viewing the thread but not posting which is odd. It's been up like two hours and If there wasn't some truth behind it woulda been instadeleted.

[TightEnd]

http://forumserver.twoplustwo.com/29/news-views-gossip/big-news-pokerstars-purchases-ftp-1197424/

Rumour only, but plenty to think about!

[The Lad]

link?!

http://forumserver.twoplustwo.com/29/news-views-gossip/big-news-pokerstars-purchases-ftp-1197424/

[TheFallen]

wow. seems hard to believe there hasn't been rumours of it leaked during negotiations.

If pokerstars pay back all players I would assume it buys a lot of favour with the DOJ. Come-on Stars!

[TommyD]

If true, what am i missing as it seems like a pointless move by PS?  They don't need the software, they've just released Zoom to cover Rush, the client list has a massive crossover with their own and the brand is toxic in the poker community now.  If they suddenly paid out all of the players does this give them that much favour with the DOJ that they will be able to trade in the US again?

[Suited_Jock]

Eliminate their competition and get first foot in the USA door. Seems win win from stars point of view. Player pov not so good.

[AndrewT]

The main win for Stars here would be that part of the deal would be Stars and Uncle Sam being cool now, and that whole 'indictment and jail' thing would be forgotten about. Which would mean a toasty life for Stars if internet poker legislation is passed in the US.

The CEO of Chilipoker has tweeted that he says it's a done deal - $750m including player balances and settlement with DOJ.

[TightEnd]

per AndrewT

Alexandre Dreyfus ‏ @alex_dreyfus


Pokerstars buys FullTilt for a consideration of $750m, including settlement with DOJ and full balances of players (330m). I'm impressed.

[TommyD]

Eliminate their competition and get first foot in the USA door. Seems win win from stars point of view. Player pov not so good.

In the short term good for those who have money on FT I would assume, long term I agree.  As for the competition, there isn't much.  Party obeying the blackout hasn't exactly helped them and there's not much else out there on a global scale.

[TommyD]

The main win for Stars here would be that part of the deal would be Stars and Uncle Sam being cool now, and that whole 'indictment and jail' thing would be forgotten about. Which would mean a toasty life for Stars if internet poker legislation is passed in the US.

The CEO of Chilipoker has tweeted that he says it's a done deal - $750m including player balances and settlement with DOJ.

Party did as they were told way back when and Uncle Sam isn't exactly their best friend.  PS would want as a secure agreement regarding the 'indictment and jail' thing as they could get to agree to this, this would obviously be a win.  I don't think it'll necessarily help them if internet gaming legislation changes in the US, Uncle Sam's head is easily turned, especially if a domestic, probably casino based, start-up makes a play.

[Spraggs]

Maybe i missed something in the last week or so, but Tapie, makes a new company called New Full Tilt, is employing people in dublin, and setting up for a relaunch.

How can this now happen?

[TommyD]

Maybe i missed something in the last week or so, but Tapie, makes a new company called New Full Tilt, is employing people in dublin, and setting up for a relaunch.

How can this now happen?

I don't think everyone was convinced that Tapie was 100% committed to the takeover.  Also anyone can get gazumped before the final contract is signed.