Great news regarding Full Tilt

The French investment firm Groupe Bernard Tapie has signed a deal to buy Full Tilt Poker, the online gambling site that was shut down by the federal government for allegedly operating a Ponzi scheme.

GBT has agreed to acquire Full Tilt Poker for $80 million, in a deal that was brokered by the U.S. Department of Justice, according to TK. As part of the deal, Full Tilt Poker had to agree to forfeit its assets to the U.S. government, which then sold the assets to the GBT.

Full Tilt Poker owed as much as $390 million to international players who had gambling accounts with the company when it was shut down by federal authorities in August. About half of those losses are held by players in the U.S.

As part of the deal, the French firm will take responsibility for the burned players outside the U.S., while the Department of Justice will facilitate paybacks to the American gamblers who lost about $150 million. American players will have to apply to the DOJ for compensation.

The federal government has seized the Full Tilt Poker site, which is currently embossed with the seals of the DOJ and the Federal Bureau of Investigation.

The government plans to dismiss the civil forfeiture proceedings. This will have no impact on individual proceedings, but it removes a potential liability for shareholders, as it removes all pending proceeding against Full Tilt.

The U.S. Attorney's Office for the Southern District of New York pounced on Full Tilt on August 31 and charged executives with raiding the accounts of gamblers who had been promised winnings and keeping the money for themselves.

Source:
http://finance.yahoo.com/news/Groupe-Bernard-Tapie-buy-Full-cnnm-734536333.html?x=0&l=1

WSOP Circuit Event in Hammond, IN

Will post some news here once i get some free time. In meantime you can follow me on Twitter @LTUFlawless

Buy piece of LTUFlawless

Planning on going to some Live poker tours, so if anyone is interested in investing in me, let me know.
ltuflawless@yahoo.com

I will post more details later regarding how many shares Im selling and for what events.

WSOP Circuit 2011-2012

Will be going on little trip to some of Circuit events.

If anyone would be interested to buy some shares, please contact me at ltuflawless@yahoo.com

Merge Bad Beat Jackpot hits at 800 K

Here is the hand history of the hand:


***** Hand History for Game 374802411810 ***** (Merge)
$200.00 USD NL Texas Hold'em - Thursday, July 14, 10:10:15 ET 2011
Table Bad Beat Mississippi (37480241) (Real Money)
Seat 4 is the button
Seat 1: TheDonkTrain ( $212.80 USD )
Seat 2: turnturnturn ( $368.13 USD )
Seat 3: jap1234 ( $230.90 USD )
Seat 4: ChaChaBear ( $213.30 USD )
Seat 5: PLOBandit ( $389.63 USD )
Seat 6: Vigtastical ( $442.04 USD )
Seat 8: KamoKrush82 ( $200.00 USD )
Seat 9: ObelixLeGros ( $210.30 USD )
PLOBandit posts small blind [$1.00 USD].
Vigtastical posts big blind [$2.00 USD].
** Dealing down cards **
Dealt to Vigtastical [ Ts Td ]
ObelixLeGros folds
TheDonkTrain raises [$7.00 USD]
turnturnturn folds
jap1234 calls [$7.00 USD]
ChaChaBear folds
PLOBandit folds
Vigtastical calls [$5.00 USD]
** Dealing Flop ** [ Qc, 6s, Th ]
Vigtastical checks
TheDonkTrain bets [$13.37 USD]
jap1234 calls [$13.37 USD]
Vigtastical raises [$40.00 USD]
TheDonkTrain folds
jap1234 raises [$210.53 USD]
Vigtastical calls [$183.90 USD]
jap1234 shows [Qs, Qd ]
Vigtastical shows [Ts, Td ]
** Dealing Turn ** [ Tc ]
** Dealing River ** [ Qh ]
jap1234 wins $479.67 USD from main pot

New accolade

Number 15 ;)

Tourney King Low Limit Grand final

Yay

Merge transfer/ deposit

If you have problems with depositing on Merge- Carbonpoker or PDC Poker, I can help.

Email me to

ltuflawless@yahoo.com

Omaha Hi/LO

Really getting sick of nasty suckouts in NL Holdem, so decided to change things a little bit. Playing Omaha is really fun and at least you expect to get sucked out and it doesnt bite that hard. And especially Omaha Hi/Lo is really fun game.

For guys, who are kinda afraid to steer from NL Holdem- try it out. And thank me later. You will not want to come back to Holdem anymore.

Lately started playing a lot of Hi/Lo games. Cash and tournaments.

If you are new to this game, Here is little guide for Omaha Hi/Lo starting hands. Check the game out at low limit cash games. And let me know if you like it

Premium Starting Hands

1. A-A-2-x
2. A-A-3-x
3. A-2-3-x
4. A-2-4-x
5. A-2-x-x
6. A-3-4-x
7. A-A-x-x

It is crucial to consider how these hands vary in strength, based on the value of the cards denoted as 'x' as well as whether or not the cards are suited, double-suited or non-suited. If an A-2-K-K hand is double-suited, it is much ber than a hand of A-2-Q-8 that is not suited, yet on the chart, these hands both fall into the A-2-x-x category. And, of course, a double-suited hand of A-A-K-K is much ber than a non-suited A-A-Q-7, again falling into the same category in the chart. So, you must study the overall hand to determine the exact strength. All 'x' cards of 6 through 9 generally weaken a hand but in loose play, these combinations can be b.

The Top Ten List

These are considered the Top Ten hands in Omaha High-Low:

1. A-A-2-3 Double-suited
2. A-A-2-4 Double-suited
3. A-A-2-3 Suited
4. A-A-2-5 Double-suited
5. A-A-2-4 Suited
6. A-A-3-4 Double-suited
7. A-A-2-3 Non-suited
8. A-A-2-2 Double-suited
9. A-A-3-5 Double-suited
10. A-A-2-6 Double-suited

Playable Starting Hands

Below is a list of hands that are considered to be playable starting hands in Omaha High-Low:

A-A-2-x
A-A-3-x
A-A-4-5
A-2-3-x
A-2-K-K
A-2-Q-Q
A-2-J-J
A-3-4-5
A-A-x-x
A-2-K-Q
A-2-K-J
A-2-x-x (suited Ace)
A-3-K-K
A-3-4-x
2-3-4-5 (fold if there is no Ace on the flop.)
J-Q-K-A
T-J-Q-K
K-K-Q-J
Q-J-T-9
2-3-4-x (fold if there is no Ace on the flop).
Any four cards between a Ten and an Ace.

Merge is back up and running

Congratulations

Merge is down

Yes, it's down for all of us.

Don't panick

Merge Changes

Merge Gaming issued a statement which affects players in France and the United States, in short:

1. Players from France will no longer be able to play on any Merge Poker Network site for real money. Their only access will be to the Cashier so they can withdraw their bankroll. This applies to new and existing players.

2. Players from the following US states are now restricted from creating new real money accounts on any Merge Poker Site:

- New York
- Washington
- Maryland
- Missouri
- Louisiana

NOTE: This only applies to new players from these states – existing players are unaffected.

Also, as I am sure you’re aware rakeback will no longer be offered to new players after June 1st, 2011. They will be offering new promotions to replace rakeback, they’re currently in the final stages of planning and we will release information about the new program in the next few days.

Source: Holdem poker Chat

Full Tilt starts paying US Players

If you live in the U.S. and you used to play at Full Tilt Poker, before they were forced to shut you out, then you probably got an email from the recently giving an update on their plans and progress returning player funds still held up in FullTilt accounts due to the site’s closure of U.S. operations and freezing of U.S. assets.

On Friday the site issued a statement explaining that all player funds in Tournament Dollars (T$) and tournament tickets have now been converted back into cash in the player’s account. Can the players withdraw that cash yet? is the next question.

And the answer is: Not yet.

Full Tilt is converting T$ at a 1:1 ratio, or $1 for every T$1. All unused tournament tickets are being converted back into their full original cash value. Ring game tickets that were unused, either in full or in part, and have expired as of April 15 (“Black Friday” to the online poker community) have been credited as cash for the full value of their remaining unused portion.

Additionally, players’ Iron Man and Black Card statuses will be left as they are, even if the players can’t get back onto the site.

But what Full Tilt is still unable to do is refund any of these monies to players’ hands. That, they say, they’re still working on.

While many players have vociferously expressed their displeasure at Full Tilt Poker’s holdup in getting U.S. player funds refunded, what with Poker Stars having already begun the task, Full Tilt Poker pro Tony G. issued a Tweet requesting players give the site their patience as they are doing the best they can.

Source:Holdem Poker Chat

Tourney King Grand Final

Finished 3rd in Tourney King today. 10 % of This tournament was also for my backers who bought most shares during month of April on chipmeup.com
Enjoy free money!

1. Cain-5%
2. NTamosauskas-3%
3. Shawnie2Dope- 2%

Please contact me to arrange the payment for you.

ltuflawless@yahoo.com