Breaking News: Pokerstars, Full Tilt in court to discuss sale

[Dan Druff]

Rumors are that players will be paid within 90 days.

It has come to our attention that representatives of Full Tilt Poker and Poker Stars are in the USA today to come to settlements about the ‘purchase’ and agreements between both companies and the Department of Justice.

This news is positive re-enforcement that Full Tilt players will be getting their money soon (less than 90 days) and that the deal is still going to happen. As with all cases of this matter, information is not being released by either company until finalized.

The agreement would mean hundreds of millions of dollars to be paid to the US government in order to be on ‘good terms’ again and clear any future liabilities of Poker Stars during the purchase of Full Tilt’s assets. Full payment by PokerStars to US citizens for defrauded money by ex-Full Tilt owners will be paid immediately. This has been a clear necessity by the DOJ for ANY deal to go through and is one reason why Bernard Tapie would not purchase Full Tilt Poker. According to Tapie, the DOJ would not allow sufficient time (90 days) to generate revenues to pay back player balances.

http://www.compatiblepoker.com/poker...urt-today/5921

However, the fight isn't over yet.

There is the following new rumor:

Update from a 2nd hand source about major ex-US sites: “Heard that PStars/Tilt/UB/AP went in front of judge in New York….had all their shit sorted out…but then the District Attorney from Kentucky showed up and had their hand open asking 125 million from each site and if they don’t fork it over, they are going after domains to seize them…..“

[DannyDeadWood]

Rumors are that players will be paid within 90 days.





http://www.compatiblepoker.com/poker...urt-today/5921

However, the fight isn't over yet.

There is the following new rumor:

Update from a 2nd hand source about major ex-US sites: “Heard that PStars/Tilt/UB/AP went in front of judge in New York….had all their shit sorted out…but then the District Attorney from Kentucky showed up and had their hand open asking 125 million from each site and if they don’t fork it over, they are going after domains to seize them…..“

A District Attorney from Kentucky just "showed up" in a NY court room and made demands? I find this hard to believe. The DoJ is running this show.

I can't help but believe PS has received some assurances from the DoJ about future online poker considerations in the US. Without PS the Full tilt situation has 3 options, Slim, None and Tapie and Slim and Tapie just left town.

[hotshott74]

Something I been meaning to ask, what are the chances the big name pro's are included as part of the potential deal (e.g. Ivey, Dwan, Antonious, etc). Would they still have existing contracts or no?

[Mantis Toboggan]

Something I been meaning to ask, what are the chances the big name pro's are included as part of the potential deal (e.g. Ivey, Dwan, Antonious, etc). Would they still have existing contracts or no?

Their contracts have to be voided by this point

[hotshott74]

Something I been meaning to ask, what are the chances the big name pro's are included as part of the potential deal (e.g. Ivey, Dwan, Antonious, etc). Would they still have existing contracts or no?

Their contracts have to be voided by this point

Figure as much, but you would think that they would want to include a couple as part of the deal (Ivey, Dwan, etc). If the pro's were serious about getting a deal done they may have thrown there names in the ring to go to Stars to add more value for the deal. I guess I just see more things part of this deal than dropping the charges by the DOJ, being able to get back into the market, software, and no additional competition. Very high $ to get back.

Here is another article on the pending deal: http://www.gaming-awards.com/NEWS/archives/9101

[JesusChrist]

Fuck yes I can get my $53 dollars back. Life is good.