The Best Position in Poker

Posts Tagged ‘FTP’

Isildur1 Makes His First Appearance on the New Full Tilt

FTP2

Full Tilt Poker 2 made its launch today worldwide

Full Tilt Poker part 2 went live today, November 6. While there was not quite as much high stakes action as anticipated, we did get treated to some good heads up no limit action between Isildur1 and Ireadyrsoul, also known as Kanu7. The two battled it out at the 100/200 heads up tables for most of the afternoon and into the night. After the long day, Isildur1 escaped with about 30k in profits, although the two were neck and neck after adjusting for expected value, according to Ireadyrsoul. Although it was good to see Isildur1 back at the hold’em tables, I’m not sure we can expect to see too much of that, as it appeared he migrated that way due to the lack of pot limit Omaha action today. One thing is for sure however, while Blom has a bankroll, we can expect to see plenty of him at the tables, as well as an increasing amount of nosebleed action, once all the regulars make their way back to Full Tilt.

Tom Dwan and Viktor Blom

Tom “durrrr” Dwan and Viktor “Isildur1″ Blom represent the new Full Tilt

As for the two other pros signed by Full Tilt, Gus Hanson put in a few hours at the tables today, but did not fare so well. He managed to drop over 200k between the draw and plo tables. As for Tom “durrrr” Dwan, he is staying in the U.S. for the week and expects to be playing online by next week. He did say he is excited to get to the tables for some online action and hopefully his presence  will generate some good high stakes games. Tom has been absent from the online scene as of late, so it should be interesting to see if his game is still sharp enough to beat the high stakes online games, or if he has faded some after playing so many live hours against the fish in Macau. Either way, it should make for some great story lines that we will be bringing you over the coming days.

Tapie building a new Full Tilt?

In an article published by diamondflushpoker this morning, an e-mail from Laurent Tapie addressed to the employees of Pocket Kings (FTP parent company) was released. Within the e-mail he explains the situation that led to the eventual failure of an effective deal between the DOJ and the Groupe Bernard Tapie. Following this explanation, he begins to propose an alternative plan to the employees, and requests their assistance in fulfilling it. He says:

 I am unwilling to allow 7 months of effort to go to waste, to see 200 employees lose their jobs and to witness former FTP players around the world go unpaid.
For that reason, I have decided to devote a significant portion of the funds that I was planning to use for the acquisition of the FTP assets instead to launch my own company, under the auspices of Game Cubed, the company I have created in Ireland.  I will do this only if I can attract ALL OF the Pocket Kings KEY STAFF to join me.  With your help and know-how, we will launch a new website that will be best of breed in 6-7 months.
I know that any such step requires a leap of faith, so here is my offer:  as of May 1, I will hire the entire Pocket Kings key staff – every single one of you – at your current salaries and with your accumulated benefits intact.  I also will include stock options in the new company, so that we all will share in what I believe to be the exciting upside this opportunity represents.
We will write a new poker software platform based on your knowledge and relaunch using a new brand, with an offer to former FTP ROW players that will allow them to recover their lost balances if they come to our new site, just as we had planned in our agreement with DOJ.
I have the money to make this happen and am working with the Alderney licensing authorities on obtaining a license and getting their help on the repayment plan.
Laurent Tapie

Tapie moves on from his DOJ experience

The article goes on to note that there has been no indication that the Pocket Kings employees decided to follow Tapie. Of course, even if this plan did go into action, it is unlikely we would see the res ults of it for some time. However, it would be interesting to see someone with some money to throw, attempt to build a site that could rival Pokerstars. This would also be good for the players, as competition drives down prices, and in this case, rake.

Stars FTP takeover notes

Phil Ivey

Could this be a frequent sight in the future?

I’m sure by now everyone has been following the quickly growing forum thread on 2+2 about the breaking news in the Full Tilt takeover story. That thread is growing so quickly it is hard to keep up with at the moment, so were going to post the cliff notes of the breaking story here for you. With each point we will give a link where you can visit the source of the information.

 

 

  • 2 days ago Daniel Cates tweets that some promising news is coming in regards to the Full Tilt situation
  • This morning a 2+2 thread is launched by an unknown poster stating that the Full Tilt deal with Laurent Tapie’s group has fallen through and Pokerstars has moved in to make the purchase
  • NoahSD, the forum moderator, posts that he is leaving the thread open because several reliable sources have confirmed this news to him privately
  • Another unknown poster states that they have a family member that is a Pokerstars employee and has confirmed the news
  • The CEO of ChiliPoker is the first to confirm via Twitter that Pokerstars has purchased FT for 750 million dollars with an agreement to pay back the 300 million dollars owed to players
  • egaming review tweets a quote from Laurent Tapie stating “our efforts to obtain final DOJ approval to acquire the assets of Full Tilt Poker have ended without success” and that more information is to follow
  • Many poker news websites begin to confirm the news
  • Quadjacks radio site has Tom Victor, an egaming review representative on their radio stream to discuss the his previously mention tweet
  • iGaming Post releases an article with a full statement from the Tapie group explaining the situation that references the Stars takeover, but does not entirely confirm the news
  • News circulates of a Stars press release to be given very soon
  • Shaun Deeb opens a thread stating that a reliable source has told him that the Full Tilt deal is done, players will receive their money within 90 days and FT will be open in the US market
  • Andrew Feldman (not the player) tweets that he has spoken to Pokerstars and they have no comment at this time
  • Pokerstars releases an initial statement acknowledging the rumors but does not confirm nor deny any information

 

This is all we know at this point, and hopefully Stars will fill us in soon. If they release anything it will likely come via their press release site, so keep your eyes peeled.