FTP is a dead horse, at this point. I can see an investor picking over the bones, trying to scoop some Intellectual Property patents, but I cannot see any sensible investor being willing to take over the debt obligations.
FTP is a dead horse, at this point. I can see an investor picking over the bones, trying to scoop some Intellectual Property patents, but I cannot see any sensible investor being willing to take over the debt obligations.
hmmmmmm I understand your thinking, however I believe the details will have to be to cover ALL current debt, AND the DoJ fines as part of any deal going forward for any intellectual property. This alone would definitely make the purchase worthwhile.
That would obv. be the initial demand. But, if there are no takers at the original ask, you have to modify the deal, right? Guessing the only people who see no $$$ out of this mess will be the players who have money on FTP.
There appears to be a glimmer of hope for FT in the near future. The hearing isn't until July 26, to determine if licensing will be renewed, but by the sounds of this, it may happen sooner.
And France pulled their license for FTP almost simultaniously. Put on your tinfoil hat, cuase I think the whole thing reeks as convient and almost orchestrated. Shut down just before ME and don't cash out packages and bankrolls players would otherwise leave on, reopen just after with sunshine and flower announcements...
Big Mike, when you say you're short $300, do you mean that your site roll was $300 less than it should have been when you last logged on? That seems like an odd stunt for an online site to pull, even if it's Full Tilt.
AFAIK Stars balances don't expire, but I could be wrong about that. If your Stars balance expired, please let me know.
EDIT: No news on Full Tilt this morning from what I can see. The deal with the "European investors" is still supposed to close Friday.
Big Mike, when you say you're short $300, do you mean that your site roll was $300 less than it should have been when you last logged on? That seems like an odd stunt for an online site to pull, even if it's Full Tilt.
being that you cannot log on to FullTilt to even check your balance, I'd have to say he had $300 on FTP.
In other news, the wagering arm of Paddy Power is offering bets as to whether Full Tilt will reopen on July 27th, after the hearing. The odds being offered are 8-1 they won't and 9-2 they will. To make things even sillier, anyone who makes a bet gets an amount equal to the bet deposited in his Paddy poker account. ... I fail to see how they can make money on this.
In other news, the wagering arm of Paddy Power is offering bets as to whether Full Tilt will reopen on July 27th, after the hearing. The odds being offered are 8-1 they won't and 9-2 they will. To make things even sillier, anyone who makes a bet gets an amount equal to the bet deposited in his Paddy poker account. ... I fail to see how they can make money on this.
Lol, problem solved, just got this in my inbox..........
Do you have funds frozen in Full Tilt...?
Then your urgent attention is appreciated. Please sign our petition which we will present to the Alderney Gambling Control Commission at the hearing on Tuesday 26th July in Victoria, London, which calls for the AGCC to enforce it's own licensing Regulation 231(3) whereby it's licensees:
'...must remit funds standing to the credit of that customer as directed by the customer...'
Before any restructure or refinance of the company can be considered, the AGCC must ensure that players' funds are immediately available for withdrawal and that full and proper protection is in place to securely ring fence customer funds on deposit in the future.
Alone we are one, yet together we are strong.
Please encourage everybody you know that may also be affected to add their name to the petition by sharing www.FullTiltScrewed.Me on Facebook and in forums. While the site broaches the subject in a light-hearted manner, the serious message we convey needs to be addressed to protect those currently affected and for the industry to take notice of consumer confidence to prevent anything similar happening in the future.
We will be handing over the petition to the Alderney Gambling Control Commission and posting live updates on the forum from the hearing on Tuesday 26th July.
Comments
hmmmmmm I understand your thinking, however I believe the details will have to be to cover ALL current debt, AND the DoJ fines as part of any deal going forward for any intellectual property. This alone would definitely make the purchase worthwhile.
Well played sir, well played...
http://www.gamblingcontrol.org/userf...2020110703.pdf
FTP Insider reveals all - Internet Poker - Online Poker Forum
Blizzuff: Why does the Russian version of your software have no fold button?
POTD
I just read the OP's posts, didn't really contain a lot of information that didn't involve what was on the lunch menu
Ray Bitar Out at Full Tilt + Alderney To Unsuspend License?
Not sure if I will pull everything out or leave it there and see what transpires.
fuuuuu
They are currently in negotiations with 1 group of investors and the DoJ.
Have been away from online poker for a couple months now....and I return short $300 on Full Tilt. Nice.
Pretty sure I'm down to zero on Stars too...haven't played there for a while...checking into it now.
AFAIK Stars balances don't expire, but I could be wrong about that. If your Stars balance expired, please let me know.
EDIT: No news on Full Tilt this morning from what I can see. The deal with the "European investors" is still supposed to close Friday.
being that you cannot log on to FullTilt to even check your balance, I'd have to say he had $300 on FTP.
Yes, this.
Stars balance didn't expire, I just withdrew (or lost) it all and had everything on FT because I had rakeback there and it seemed as safe as Stars.
Either a loss leader or restricted cashout.
Do you have funds frozen in Full Tilt...?
Then your urgent attention is appreciated. Please sign our petition which we will present to the Alderney Gambling Control Commission at the hearing on Tuesday 26th July in Victoria, London, which calls for the AGCC to enforce it's own licensing Regulation 231(3) whereby it's licensees:
'...must remit funds standing to the credit of that customer as directed by the customer...'
Before any restructure or refinance of the company can be considered, the AGCC must ensure that players' funds are immediately available for withdrawal and that full and proper protection is in place to securely ring fence customer funds on deposit in the future.
Please encourage everybody you know that may also be affected to add their name to the petition by sharing www.FullTiltScrewed.Me on Facebook and in forums. While the site broaches the subject in a light-hearted manner, the serious message we convey needs to be addressed to protect those currently affected and for the industry to take notice of consumer confidence to prevent anything similar happening in the future.
We will be handing over the petition to the Alderney Gambling Control Commission and posting live updates on the forum from the hearing on Tuesday 26th July.
All the best
www.FullTiltScrewed.Me