Saturday, May 28, 2011
Fate of U.S. player's FTP money looking worse and worse
With each day that passes, it seems that the Full Tilt Poker situation gets worse and worse. U.S. players have yet to receive their money WEEKS after PokerStars paid out.
Players are selling their FTP money now for anywhere from 75 cents to 85 cents on the dollar... sometimes even lower. This thread on 2+2 is a long, but interesting discussion of the worth of an FTP dollar.
This thread on 2+2 is trying to find answers but since FTP hasn't spoke in two weeks no one really knows exactly what's going on.
The most interesting development lately, in my opinion, has been that FTP was caught allowing $60 MILLION dollars worth of player deposits to go through and be available for play on their site when they were unable to pull the money for those deposits from player bank accounts... seems like a really horrible business strategy.
Draw your own conclusions... whether it be to add up the facts and make a logical deduction about the situation or just go with blind FTP devotion and faith like so many players seem to be doing.
The truth is, there is not a 100% chance they will pay out no matter what FTP faithful think... and even if they do pay out it could be months, even years potentially before U.S. players ever see a dollar from their FTP bankrolls.
The next poll will be related to this post so check back in a few days to vote!!!
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Hi Duck,
ReplyDeleteAnyway to contact you in private?
Sure, go ahead and send me an email. The address is listed in my coaching information.
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