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Online poker coming back to the states? Options
gmoney
#1 Posted : Wednesday, August 01, 2012 5:19:39 PM
Arnold Palmer



Joined: 9/24/2005
Posts: 14,347
Location: Vegas Baby!

 
After 15 months of speculation, frustration, and general inertia, the former online poker players of America finally heard the good news on Tuesday. A deal had been struck between the online gaming sites Full Tilt Poker, PokerStars, and the Department of Justice. Another deal between the DOJ and Absolute Poker was reported with details forthcoming. The early details are startling: PokerStars, one of the three companies shut down last April, will purchase its former competitor, Full Tilt, and pay the U.S. government $547 million to settle a civil lawsuit the government brought against Full Tilt. A portion of that money will be used to reimburse U.S.-based Full Tilt players who had their accounts frozen during the shutdown. PokerStars agreed to directly pay back another $184 million to non-U.S. customers to settle their outstanding balances.

The agreement signaled the imminent return of online poker in the United States after a lengthy hiatus that damaged the poker industry with dropping television ratings, waning interest, and a litany of lawsuits against sites like Full Tilt. Nobody thinks that PokerStars would have invested $731 million without some certainty that online poker would soon be legal in the United States.

Lay Low21
#2 Posted : Wednesday, August 01, 2012 10:04:07 PM
Steve Redgrave



Joined: 1/12/2007
Posts: 8,114
Location: isle of man

 
fuckem.

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Well behaved women do not make history


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Lay Low21
#3 Posted : Wednesday, August 01, 2012 10:08:37 PM
Steve Redgrave



Joined: 1/12/2007
Posts: 8,114
Location: isle of man

 
some sums, jokerstars buying 150,000 plus clients,750 million, 500 dollars a client, they give that and more in new client bonuses.

not to mention a big chunk is THEIR fine for illegal activity, plus theyve bought a way to regain THEIR own 200,000 plus american clients back, fuckin peanuts to what the next 10 years will yield.

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Well behaved women do not make history


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Lay Low21
#4 Posted : Wednesday, August 01, 2012 10:23:53 PM
Steve Redgrave



Joined: 1/12/2007
Posts: 8,114
Location: isle of man

 
askyourself this, if pokerstars dealt a straight game, how come theres no insurance option, they would make a killing acting as insurers at skimmed odds, all automated, it would yield more than rake, IF the deal was random, it would certainly create more income tan anyy casino game they offer, they dont offer because it would and could be exploited.

insurance on the turn and river at 15 percent skimmed prices, would yield a fuckin fortune.

if i was dead to a 2 outer after flop cards up, and was offered 9/1 and 18/1 on a big pot, i would insure, and so would millions of people, it would truly generate more income than rake in ring games.

but a straight deal would mean tourneys would take twice as long, and thats why they deal a proportion o contrived hands, the good online players learn to avoid playing those situations/hands imo..



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Well behaved women do not make history


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