09:22
26 Aug
26 Aug
New Full Tilt Poker Rakeback Equivalent. Full Tilt VIP Program. The old Full Tilt Poker paid players who signed up via affilates 27% flat rakeback for every hand. The new EDGE VIP system keeps the weekly cashback, but adds play volume requirements, similar to. Sep 20, 2010 60k Full Tilt Poker - FTP Points for sale $3.5/1000 I am selling 60,000 Full Tilt Points for $3.5 per 1,000 points. Looking to sell bigger items but will consider all offers. The points cannot be transferred, I will buy the item and ship it to you.
The sordid story of Full Tilt Poker is one which has been told and retold over the years; $400million disappearing into a black hole after Black Friday hit the poker world, but until now no-one has really looked at the debacle from a businessman’s point of view.
Tom Ellsworth, the BizDoc for Valuetainment, takes us on a chalkboard timeline journey through the rise and rise of online poker and Full Tilt’s part in it, before the US Government smashed the hopes and dreams of thousands of players with its indictment of 11 individuals and the shutdown of 5 major sites, Full Tilt chief among them – and beyond it into the PokerStars acquisition of FTP, players finally being repaid, and finishing with the 2016 Amaya relaunch of PokerStars in New Jersey.
The World Poker Tour has travelled to France for the celebrated Grand Prix de Paris and the final table is looking like a Who’s Who of international pros. Five of the finalists have won big time tournaments across the globe but right now the only amateur on the felt, Matt Salsberg, is in the chip lead. Join us at Grand Prix Barcelona, browse the event overview, live event schedule, satellites and PP LIVE Dollar promotions here. We want you to be first to know about new events, poker news, player updates, and exclusive rewards and promotions, so please let us know if you would like us to contact you (or not) by selecting one of the options. Grand prix poker tour online free. Sep 11, 2015 The Grand Prix Poker Tour sees a brand new type of Day 1 that we’re calling Players Choice. Play in one of these online Day 1’s and make it through to the end of play to be able to choose which Day 2 you want to play. So long as the Day 2 is within the.
Timelines and memories
The BizDoc’s timeline is a useful reminder for those who may have forgotten the order things happened back in those hazy days where online poker was a goldmine which everybody was trying to tap for its riches.
2003 and Moneymaker’s epic WSOP win which launched a million wannabes into the virtual poker rooms; 2006 and UIGEA Act which would later come back to bite everyone; 2009 and 28,000 players on Full Tilt; 2010 and the introduction of Rush Poker, Forbes magazine estimating the entire online poker market at $1.4billion per year industry – “that’s just online! That’s just US!” says an enthusiastic Ellsworth.
Graton casino poker cash games.
Graton casino poker cash games.
The Bad Days
April 15th 2011, as the BizDoc reminds us, is the day the lights went out – and the detail which many might not remember or know of:
“The next day, ESPN… went on full blackout; they took down all the ads… all the house promotions… cancelled new shows.” As Ellsworth points out, “if you don’t think the US government were knocking on ESPN’s door… you’re not paying attention!”
The Ponzi scheme which the DoJ soon started describing FTP as is described in basic, clear language by Ellsworth, who talks about Bitar, Ferguson and Lederer and the allegations of siphoning off player funds – Scarface-style! It’s nothing new, but it’s useful to have it pointed out as a reminder, or to those who simply weren’t around at the time.
Business highs and lows
Chris ‘Jesus’ Ferguson’s $25million payment to himself is pointed out:
“There’s nothing wrong with that if it was real profit,” explains BizDoc, “but if it was coming out of the bucket that held money for all the players – then that’s dead wrong.”
Once he’s made it quickly through the years which came afterwards, Ellsworth say there are two ‘morals’ to the story, although what he points out isn’t exactly that:
- “Founder greed is not unique to online poker…but when you see it, it really makes you sick.”
- “What Full Tilt produced showed in terms of software and building a site meant that there were really sharp people involved on the good side of the game.”
Basically, the positive thing is that without FTP, online poker wouldn’t be where it is today… and the bad thing is, without FTP, online poker wouldn’t be where it is today either!
Full Tilt Poker
Well, it’s a useful 10 minute recap of the online poker and FTP story – if anyone ever asks you about it, point them in BizDoc’s direction…