Results 1 to 7 of 7
  1. #1
    The Buzz's Avatar
    The Buzz is offline GPWA Gossip Hound
    Join Date
    February 2007
    Location
    Newton, MA
    Posts
    3,328
    Thanks
    200
    Thanked 1,321 Times in 801 Posts

    Default PokerStars is out with plan to pay Full Tilt Poker players

    The method of payout will vary depending on where the players live. American players will have to continue to wait to hear how they can submit claims for their funds to the U.S. government.

    http://www.pokernewsdaily.com/pokers...players-22569/

  2. #2
    Anthony's Avatar
    Anthony is offline Affiliate Services/Moderator
    Join Date
    June 2003
    Location
    In the City
    Posts
    6,733
    Blog Entries
    66
    Thanks
    1,902
    Thanked 3,077 Times in 1,651 Posts

    Default

    PokerStars acquired the assets of Full Tilt Poker for $731 million. $184 million of that is being used to pay back non-U.S. players. Former Full Tilt customers in the United States will eventually be reimbursed from part of the remaining $547 million that went to the U.S. government.
    Let me see if I get this straight. The payback funding is coming from the money PokerStars paid for Full Tilt. Then, where is Full Tilt's money and what is going to happen to the money the Fed seized? It sure looks like none of that money is going to the players.
    I am here to help if you have any issues with an affiliate program.
    Become involved in GPWA to truly make the association your own:
    Apply for Private Membership | Apply for the GPWA Seal | Partner with a GPWA Sponsor | Volunteer as a Moderator


  3. #3
    Chips's Avatar
    Chips is offline Private Member
    Join Date
    October 2007
    Location
    God's Country
    Posts
    3,616
    Thanks
    1,039
    Thanked 1,201 Times in 885 Posts

    Default

    Quote Originally Posted by Anthony View Post
    Let me see if I get this straight. The payback funding is coming from the money PokerStars paid for Full Tilt. Then, where is Full Tilt's money and what is going to happen to the money the Fed seized? It sure looks like none of that money is going to the players.
    And you thought only the owners of Tilt where crooks? Just another cache of cash the feds took from online gaming. Anyone have a running total of all they have snatched in the past few years? F'ing pricks.
    --
    "People who are unable to motivate themselves must be content with mediocrity." ~Andrew Carnegie~

  4. #4
    LuckyLizzy's Avatar
    LuckyLizzy is offline Public Member
    Join Date
    September 2009
    Location
    Orlando, Florida
    Posts
    366
    Blog Entries
    2
    Thanks
    59
    Thanked 50 Times in 38 Posts

    Default

    It's a lot of money that we don't have a clue what happened with. I wonder if the DOJ will provide these answers. Probably not.

  5. #5
    Doolally's Avatar
    Doolally is offline Private Member
    Join Date
    February 2003
    Location
    Scotland
    Posts
    4,570
    Thanks
    467
    Thanked 727 Times in 569 Posts

    Default

    Quote Originally Posted by LuckyLizzy View Post
    It's a lot of money that we don't have a clue what happened with. I wonder if the DOJ will provide these answers. Probably not.
    They've probably already spent it.

  6. #6
    lots0 is offline Former Public Member
    Join Date
    November 2003
    Posts
    886
    Blog Entries
    1
    Thanks
    299
    Thanked 571 Times in 251 Posts

    Default

    @LuckyLizy I believe that the DOJ gave all the seized money from Black Friday to local police departments around the US.

    When I got the money in my hand... I'll believe it.


    BTW - I'm with Chips on this, the DOJ are just a bunch of F'n Little Pricks.

  7. #7
    universal4's Avatar
    universal4 is online now Forum Administrator
    Join Date
    July 2003
    Location
    Sinking Faster, just when I thought it couldn't get worse it did!
    Posts
    25,154
    Thanks
    1,520
    Thanked 7,078 Times in 4,503 Posts

    Default

    Well let's see.

    The DOJ steps in and does this in the "Name of protecting the players" since if they didn't they might lose money.

    And what happens is they lose their money.

    So I guess the American players can thank the US Governement by protecting them and taking their money.

    Personally I would rather have lost it to other players on my own instead of to a player that had the deck stacked in their favor.

    Rick
    Universal4
    Gambling World Online Roulette Online Blackjack Live Online Games Sports Betting Horse Racing
    Casino Affiliate Programs
    Hosting and Domain Names
    Gambling Industry Association
    GPWA Moderation by Me and My Big Bad Security Self
    If an affiliate program is not small affiliate friendly (especially small US Affiliate), then they are NOT Affiliate Friendly!

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •