Wednesday October 17, 2012 : BAD NEWS FOR FORMER FULL TILT POKER AFFILIATES
Pokerstars takeover agreement did not include the old company's affiliate obligations
Former marketing affiliates of the old Full Tilt Poker group who were left unpaid when the company failed in the wake of Black Friday received bad news Tuesday, when new owner Pokerstars advised that it will not be paying them out, and player accounts linked to former affiliate accounts will not be tracked.
Affiliates who were also players will apparently find any affiliate earnings in their player accounts cut out to boot.
In an email that is currently being widely discussed by disgruntled affiliates on websites and Twitter, Pokerstars parent The Rational Group explained that the old affiliate relationships will not be continued, instead being replaced by a new affiliate program that puts Pokerstars and FTP on the same page, planned for implementation in the first quarter of 2013. Affiliates will be invited to join the new program.
The email explained that the Pokerstars acquisition deal on FTP “did not assume any liabilities” of FTP beyond the obligation to reimburse non-US players.
“Therefore, previous contractual agreements that Full Tilt Poker may have had with affiliates were excluded. As such, The Rational Group is not liable and will not pay for any affiliate earnings,” the email advised.
The amounts owed to ‘old' affiliates are not known, but could run to substantial numbers. One online poker information site reminded its readers that earlier this year major affiliate Poker Strategy.com filed a claim against the old FTP parent group Pocket Kings for $1.2 million