Peter83
32
2012/02/01 06:33
#290171
Manne wrote:
Online poker players who miss the dealt rake method poker sites once used to calculate rewards now have a big reason to make a run for Americas Cardroom (Doyles Room). The U.S.-friendly online poker site today announced its largest monthly Points Race yet —- a $100,000 test of endurance that includes a $60,000 monthly Points Race and four weekly races worth another $40,000. The $40k Points Race, exclusively for cash game players, will use a dealt rake method to calculate leaderboard points. It's a system that hardcore grinders will love.
"This month, we've got something for diehard tournament players, and something big for those who love to do damage exclusively in Ring Games," stated Michael Harris, spokesman for Americas Cardroom. "And with $100,000 in free money on the table, just for playing, Americas Cardroom is the place to play this February."
Unlike smaller races held in previous months where players had to wait until the end of the month to get paid, the $100k Points Race is made up of two separate point races—a $60 Marathon that runs for an entire month, and a $40k Sprint that pays players every week.
Online poker players who play real-money poker at Americas Cardroom will automatically participate in the $60k Marathon, earning points toward a month-long leaderboard competition that awards the top 275 players with $60,000 in prize money.
The $40k Sprint is made up of four separate $10k Point Races. It works the same way as the month-long marathon, but only points earned in Ring Games count toward the $40k Sprint leaderboard. Each week, 125 winners will share in $10,000, with first place earning $2,000.
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2012/01/28
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32
Subject: Poker, who has provided many of the details regarding the GBT/FTP deal, reports that Ferguson is allegedly holding up any further movement over the deal because of money that he put towards the site following “Black Friday.” According to S😋, the former World Champion accepted just under $60 million from Full Tilt since 2007, which he put into different bank accounts under the Pocket Kings, Ltd., umbrella. Although he withdrew and spent about $45 million of that money, what Ferguson is looking for is allegedly the remainder, $14.3 million, after a rather ill-advised move.
According to the S😋 report, Ferguson allowed that $14.3 million to go back into the Full Tilt accounts to take care of expenditures by the company post-Black Friday. While allowing this money to go back to FTP, Ferguson allegedly felt that this “good will” gesture would put him at the front of the line as a potential owner under the revamped Full Tilt Poker, in whatever form. This, however, would prove to be wishful thinking.
Negotiations with the U. S. Department of Justice by Groupe Bernard Tapie have allegedly resulted in the federal authorities approving the deal for GBT to buy Full Tilt Poker, but with a caveat: that none of the current ownership of Full Tilt Poker be allowed to have even partial ownership of the company post-deal. This is the current hang up, according to S😋, and it could be some time before there is a compromise made.
Ferguson and his attorney, Ian Imrich, have requested an accounting of the Full Tilt books and, as of today, have not received this accounting. S😋 reports that Ferguson and Imrich have threatened to file lawsuits to create a “constructive trust” (a trust set up by the court to benefit a party that has been wrongfully deprived of its rights in business dealings) and to file for injunctive relief against Full Tilt Poker. These actions would potentially delay the plans for Groupe Bernard Tapie to take the helm of the Full Tilt ship, delaying payment to potentially thousands of players around the world (U. S. players, under the deal with the government, would be paid by the Department of Justice).
Subject: Poker appropriately ends this discussion by stating, “(We) would like to make it clear that we have no reason to believe that the above threats (by Ferguson and his attorney) have in any way been successful in stalling or impeding the (GBT/FTP) deal.”
As expected, the backlash in the poker community has been fervent and, for the most part, entirely against Ferguson and his attorney. On the Two Plus Two forums, poster ‘Carthac’ stated, “I really want to react with a rational response to this, but what can be said of his actions besides of them being pure greed. This man not only shamed himself with FTP, put 100′s of millions of dollars of player money in jeopardy because of his extremely dishonest, greedy, and immoral actions, but now he wants to stand in the way of possibly recuperating and refunding his customers because of personal monetary issues from his former company? What complete scum of the earth.”
On the Pocket Fives forum, poster ‘maxtinder’ says, “Chris Ferguson should be extremely embarrassed that he plays poker,” while another poster, ‘emptypockets,’ writes in his post, “Just lost all respect for Jesus…no pun intended.”
This is just the latest is what has turned out to be a Shakespearian tragedy for what used to be the second largest online poker site in the industry. As of now, there are hopes that Groupe Bernard Tapie is still involved in the purchase of the assets of Full Tilt Poker, but each day that goes by without closure only incites the ire of the online poker community even more than it already has reached.