Quote:
Originally Posted by Banned4lyfe
So basically all the money that the affiliates would be earning will now go into your pockets? Nice.
Doubt this happens under Scheinberg.
Bingo! This is "clarke" from the PokerAffiliateListings discussion linked to by OP... I am one of the super affiliates who was screwed! PokerStars only went after super affiliates and it was purely a greedy financial decision. They can try to pretend like this is minor news because they only screwed a "very small number of affiliates" - but when you look at it in terms of the number of player accounts involved, it's MASSIVE! You have to realize that guys like Markus (OP of PAL thread and owner of Poker.org) and I recruited tens of thousands of RMPs to PokerStars, and that if PokerStars retroactively screwed the bottom 50% of their affiliates it would likely have a much smaller financial affect than this decision.
They basically went after all the biggest affiliates that are no longer "powerful" because our various brands have dwindled over the years. The fact is the market is extremely saturated - even in "emerging" markets like Russia and Brazil, almost everyone interested in gambling online already has an account at PokerStars, which means we have very little leverage because the loss of our future business is less $$$ than our cut of their current business. It's like in Fight Club when he talks about the formula used by a car company when determining if they should do a recall: "take the number of vehicles in the field, A, multiply by the probable rate of failure, B, multiply by the average out-of-court settlement, C. A times B times C equals X. If X is less than the cost of a recall, we don't do one." PokerStars clearly made this decision purely on a financial basis and the fact that new management doesn't seem to factor ethics into their decision making equations very strongly is quite scary.
Don't get me wrong - I am a business hustler myself and totally get why they did what they did, but i believe it's extremely important that players see the writing on the wall. The "new PokerStars" has now made it obvious that they are willing to ignore ethics and screw people simply because it makes sense financially. If I had a sizeable bankroll on the site I'd be worried that if **** ever hit the fan bad enough (a few key markets enacts strict new laws making online poker illegal like Singapore just did, etc.) that you too could get screwed. Obviously a scenario is not likely to happen up over night, but don't fool yourself - if something makes sense financially for PokerStars (money saved > damage of negative press) they could leave you, the player, with nothing as well. The PokerStars of the past was excellent, a true ambassador of the game and a pleasure to work with... but let it be clear that companies can REALLY change under new ownership!
Ben Clarke