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-   -   Will pokerstars really buy ftp? (http://www.pokertips.org/forums/showthread.php?t=79514)

4Kings Apr 28, 2012 6:34pm

Will pokerstars really buy ftp?
 
Hi,

Is pokerstars really going to buy full tilt?

Ozone Apr 28, 2012 8:14pm

It does seem somewhat possible. Stars would have probably quelled the rumor by now if there was no truth to it at all. But who really knows? For all we know the Stars owner just wanted to sabotage the GBT deal to keep his biggest competitor off the market. Believe it when you see it.

SwoopAE Apr 28, 2012 11:01pm

It's more a move to reopen access to the US market once poker is legalised; 750m covers tilt and its assets, all of stars fines and will reallow them access to US market - its a long term play if they do it, also it denies their competitors the FTP software and player email lists etc which would be huge for any site wanting to be the new #2

I think there's a decent amount of truth to the rumours from what I hear and the DOJ wouldnt have walked away from the tapie deal so easily without another alternative, we'll see though

We'll probably know within a few weeks nothing we can do but wait and see

Boilermaker Apr 29, 2012 1:24pm

Quote:

Originally Posted by SwoopAE (Post 999897)
also it denies their competitors the FTP software and player email lists etc which would be huge for any site wanting to be the new #2

Do you really think the ftp brand has that much value still for a competitor? I've been surprised all along that a group was willing to pay off FT's debts for what they would get. They're counting on a high fraction of previous customers staying.

Apparently if ps purchases them, they agree with the valuation, but it definitley surprises me.

4Kings Apr 29, 2012 8:07pm

i think that full tilt is not worth as much as pokerstars is thinking about paying

staphros May 02, 2012 5:39pm

Quote:

Originally Posted by Boilermaker (Post 999911)
Quote:

Originally Posted by SwoopAE (Post 999897)
also it denies their competitors the FTP software and player email lists etc which would be huge for any site wanting to be the new #2

Do you really think the ftp brand has that much value still for a competitor? I've been surprised all along that a group was willing to pay off FT's debts for what they would get. They're counting on a high fraction of previous customers staying.

Apparently if ps purchases them, they agree with the valuation, but it definitley surprises me.

Perhaps it is mainly for the opportunity to get back into the US market in the future along with the rush poker trademark maybe? I'd guess the email list for players who don't also already have stars acounts would be small.

So yeah I think it is mainly the chance of future US earnings vs gamble that the US market is ever reopened to them.

killcrazy May 02, 2012 5:54pm

Quote:

Originally Posted by staphros (Post 1000082)
Perhaps it is mainly for the opportunity to get back into the US market in the future

i've obviously missed something here? granted i've not been paying attention to the news of late. what's the barrier to re-entry?

Quote:

along with the rush poker trademark maybe?
stars already has rush.

Quote:

I'd guess the email list for players who don't also already have stars acounts would be small.

So yeah I think it is mainly the chance of future US earnings vs gamble that the US market is ever reopened to them.
i'm not really understanding why people are surprised that pokerstars is interested in buying full tilt. it's surely more common for purchased companies to be acquired by competitors than by outsiders?

the question is, does full tilt have value? are its assets and brand worth owning? if the answer is yes, then it has more value to pokerstars than to anyone else, since pokerstars already know what they are doing in this industry.

Kc

Boilermaker May 02, 2012 6:54pm

Quote:

Originally Posted by killcrazy (Post 1000083)

i'm not really understanding why people are surprised that pokerstars is interested in buying full tilt.

I'm not surprised that they are interested at all, I'm just surprised they are interested at $750M. It's the apparent valuation that I don't understand.

killcrazy May 02, 2012 7:43pm

Quote:

Originally Posted by Boilermaker (Post 1000087)
Quote:

Originally Posted by killcrazy (Post 1000083)

i'm not really understanding why people are surprised that pokerstars is interested in buying full tilt.

I'm not surprised that they are interested at all, I'm just surprised they are interested at $750M. It's the apparent valuation that I don't understand.

depends what that 750 mil gets you.

it does seem high, but then how much would we expect full tilt 2.0 to make in its first year?

Kc

Boilermaker May 03, 2012 1:01am

Quote:

Originally Posted by killcrazy (Post 1000091)
Quote:

Originally Posted by Boilermaker (Post 1000087)
Quote:

Originally Posted by killcrazy (Post 1000083)

i'm not really understanding why people are surprised that pokerstars is interested in buying full tilt.

I'm not surprised that they are interested at all, I'm just surprised they are interested at $750M. It's the apparent valuation that I don't understand.

depends what that 750 mil gets you.

it does seem high, but then how much would we expect full tilt 2.0 to make in its first year?

Kc

Don't know. They lose ~$500M or so right off the bat paying off FT debts though. And alot of those people surely would already use Stars.

I'll be surprised if it comes to fruition.


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