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Old 01-17-2012, 05:31 PM   #1
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Campos leaves Stars

Quote:
Gabi Campos has decided to step down from his position as Chief Executive Officer, effective February 1, 2012, to pursue other opportunities.
http://www.cardplayer.com/poker-news...pos-steps-down
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Old 01-17-2012, 08:16 PM   #2
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Re: Campos leaves Stars

Old news.
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Old 01-19-2012, 01:04 AM   #3
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Re: Campos leaves Stars

It could be a couple of things. First, PS could be bleeding money after BF and Campos didn't move quick enough to stop the losses. The changing course on the VIP system could have been the final straw.

Next, it could be the goat that is going to take the blame DOJ lawsuits with Scheinberg trying to say that he wasn't involved in the details.

Finally, Campos may have another deal in place and had to quit PS first.

In any case, the future of PS looks more cloudy.
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Old 01-19-2012, 05:08 AM   #4
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Re: Campos leaves Stars

From what I hear Campos was massively unpopular and directly responsible for the departure of some talented employees. I wouldn't read much more into it than that really.
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Old 01-19-2012, 08:44 AM   #5
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Re: Campos leaves Stars

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Originally Posted by venice10 View Post
It could be a couple of things. First, PS could be bleeding money after BF and Campos didn't move quick enough to stop the losses. The changing course on the VIP system could have been the final straw.

Next, it could be the goat that is going to take the blame DOJ lawsuits with Scheinberg trying to say that he wasn't involved in the details.

I think it's a combination. With all the regulated or soon to be regulated markets (France, Italy, Spain, Denmark, Germany & UK) they will need to pay a lot of taxes, which will mean even less money than 'post BF'.

and to kill two birds with one stone, they will probably have a better negotiating position, when then want to settle with the DoJ. But i don't think it's (just) to make him the scape goat.

Scheinberg Sr. (& Jr.) are probably officially gone and with another person in charge, who leaves, PS looks like a complete new firm. So when the market opens, it would be much easier that they will find a partner (e.g Wynn [again]).
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