Full Tilt Poker lends money to its pros?
This is news published Friday last on http://www.subjectpoker.com/2011/07/ivey-benyamine/ who started this story.
When the World Series have been announced, to General surprise, the pro the most in light of Full Tilt Poker announced that he would not participate in the 2011 WSOP to protest the non-payment to players on the part of FTP. Ivey was attracted a side of sympathy with this initiative. In response to the boycott, FTP had stated publicly that Ivey had nothing of a hero and that he was acting for his own account, his own interest, namely well selfish title. They had even launched: "Mr. Ivey has been invited to take the necessary actions to assist the company in its efforts, including paying a sum of significant money to be at the site." He however refused."
A sum of money? Really?
In the article cited above, we learned that Ivey would have made 18 loans to FTP over the past two years and to date, $ 6 million would have still not been reimbursed. The same favors would have been granted to David Benyamine, but given that the 750 K have, according to article, almost already been reimbursed, it is today much less talk about it. Benyamine would possibly still have debts to FTP, but the sum would be much smaller.
Obviously, the question everyone is asking is whether other pros had right to such loans.
This new is not without dirty of "vigilante" that had managed to build Phil Ivey before the release of this new image. With these 6 M$, say that it would be possible to reimburse several players that have funds frozen on the site.
Probably what is even more serious that the news itself is that it reflects a management say more or less questionable on the part of the leaders of Full Tilt Poker. Anything to help their image and to restore confidence to the players.
We are following this issue closely for you. Further details will be communicated to you as soon as possible.
New promotion at PokerStars
At first, I thought having misread the promotion. Yet it is real: you need only 10% of the VPP usual for VIP at PokerStarsstatus...Really?
For those who are not familiar with the site, here is what this means.
By default on PokerStars, you have VIP BronzeStar, i.e. the lowest status VIP status. When you pay rake, you get the points (FPP) exchangeable against articles, entries for tournaments, etc. Short points as they can be found on other poker sites.
Therefore, when you are BronzeStars, you get 1 FPPS for each VPP.
You receive 7.5 VPPS (and corresponding FPPS) for each euro (EUR 1.00) participation fees. For example, if you enter a tournament at 8.80 € + €1.20, €8.80 is the amount that goes into the prize pool and €1,20 corresponds to the participation fee. You will receive 7.5 VPPS for every euro of costs of participation, i.e. 9 VPP for this event.
When you BronzeStars, you get 9FPP for 9VPP. When you're SilverStar (the second VIP level), you get 1.5 x your VPP in FPP and when you're GoldStar, you get 2FPP for each VPP accumulated. Finally, when you are PlatiniumStar, you get 2.5FPP for each VPP accrual.
Other benefits is added to each VIP status.
Usually, to become a SilverStar, you get 750VPP, to become a GoldStar, 3000VPP and to become PlatiniumStar, 7500VPP. For the month of August, 2011 only, you will need only 10% of these standards. In other words, for 75VPP you become a SilverStar, for 300 VPP GoldStar and 750VPP, PlatiniumStar.
This is a great opportunity for note you to earn FPP credits at great speed V. Please that when you are PlatiniumStar, you get your FPPS (which have a cash value) 2.5 x faster.
With your FPPS, you can same you pay entries for WCOOP 2011 starting September 4!
Good grindage on tables!
Discuss this news on PokerCollectif forums: week of August 1, 2011; Full Tilt Poker lends money to its pros? and new promotion at PokerStars.
