ty jesus
gl phil

Great news and best of luck to all those involved.

Let's hope that the community who has been asking for this since the Pokerstars re-org gets behind the project and proactively supports the site rather than poking holes in its execution.

I can't even find a GIF to represent the feeling right now!!!

Should be fun playing on a site created by a poker coaching company, games will be juicy /s

I really hope this works out because **** Amaya, but I have my doubts

The fact that he chose to come on the podcast essentially immediately before making this announcement speaks volumes about Galfond's character imo

Might be amazing...

Should've put off that CJ podcast for two weeks...

Galfond and Eric Seidel are probably the only 2 poker players you could give a blank check to and not bat an eyelid

Yeah he has never been known to keep millions of customers money for himself

Phil Galfond 2 hours ago
I wish we could, but we don't plan on accepting US customers in the current climate.

****

Wasn't sure where to post, so will quote a post from the other thread so it's a reply to both threads


At first was a little surprised, because there's always so much talk about online poker drying up - guess in the US it's actually starting to expand?

GL Phil!!

EDIT - oh, so his site'll be competing with Stars?

Maybe this was too vague, but I mean most people would have waited the two weeks in order plug/talk about the site, but he wanted it to be a regular podcast.

Attracting players to a new site isn't a problem, getting them to deposit amounts greater than $20 is what's tough. Give all new sign ups a couple tickets to large weekly freerolls, that should create lots of new accounts guaranteed.

Yess - let's make it work!

Should be having Phil back on the podcast in a couple weeks when he can discuss more details about the project

LFG!!

I really like Phil Galfond, he deserves a ton of respect both for his achievements and for the way he has conducted himself over the years. I hope this site is a success but it is going to be a majorly tough thing to pull off.

- Poker is dying online, there is no real debate about that, for whatever the multiple reasons the player pool is shrinking year on year.

- Online poker is saturated with established competition running on thin margins. Stars/888/Ipoker/Party/MPN/Unibet etc etc. There is a lot of competition out there. In a shrinking market, when long time sites such as PKR are having to pool liquidity onto networks, a newcomer to the scene faces an incredibly tough ask to get a decent foothold running at a profit.

- New problems spring up every day. Be it from Government legislation and taxes or users committing fraud/making new software to fleece the competition faster than before.

I think to succeed they have to try and copy the unibet model. A complete ban on all software/huds/programs/scripts/tools of any kind. Also a ban on table selection. This gives the fairest chance to all players. It is not easy enforcing a software ban like that on a site but here they might have the opportunity to code the client in a way that prevents it in the first place. A fair rewards program that works for all types of players which they can run and still operate at a profit at. Coupled with some selective advertising in the right places and they might stand a chance, going to be very very tough though.

Despite negative attitudes on 2+2 they probably should offer blackjack and roulette games on the side also. It will help as I don't think a complete standalone poker site stands much chance of being profitable in this day and age without something like that as well.

whos phil galfond?

anyways best of luck with the new site. should be interesting

definately +1 on this

I think I agree. Very likable guy!!!!

bitcoin perhaps?

This is a massive undertaking/investment. I see Q1 2017 noted, either it's been in the works for a while or they bought a poker platform and are tweaking it/rebranding it. I guess is #2, which can be a massive challenge. (see Ultimate Poker in Nevada, and many others.)

EDIT: or #3, it's a skin of a current network like iPoker. My money is on #3.

No way he risks skirting various national legislations and becoming an international fugitive.

Dare I hope for a reasonable PLO rake?