Quote:
Originally Posted by Monorail
3 Q's, Ike:
1) Were you officially offered a contract extension / renewal (with more or less the same terms as your previous one), and elected at your sole discretion to turn it down? Asking mostly to ward off cynics who may wonder whether Stars may not actually have wanted you back (not an outlandish suggestion given their new anti-reg stance), but you're just opportunistically choosing to frame it as a principled stand on your part? So was it truly a black-and-white case of "Stars made you same offer as before, and you turned it down"?
2) Asking out of personal curiosity to the extent you feel comfortable discussing: just what were the monetary terms of your contract?
3) Many are characterizing the recent tide shift as a simple "Scheinbergs = good / Baazov = bad". But DN and others have said that these changes pre-dated the purchase by Amaya, and that they would have happened even with the Scheinbergs still in charge. In fact, DN went so far as to say that it was Baazov himself who demanded the VIP/SNE changes not take place an entire year earlier! That always smelled like BS to me. From your vantagepoint, (i) would all of these things happened anyway under the Scheinbergs, and (ii) is Baazov the 'good guy' in all of this that DN would have us believe?
The Scheinbergs would have phased the changes in and if it meant taking a small hit to keep SNEs happy for a year well they have huge reserves to dip into. They would have avoided the negative PR altogether - after all they built the site from scratch and understand the value of the relationship with their customers.
Amaya on the other hand bought the company, didn't build it, so they have little affinity with their customers. They are also in financial difficulties. They overpaid for Stars and are up to their eyeballs in debt repayments. The Kentucky judgement is just another in a recent series of financial slaps in the face. The recent share price downturn reflects generally negative online poker industry news.
Finally, Amaya or lets just say Baazov, may just not have been inclined to reverse a board decision. He bought up Stars and obviously feels like the new head honcho in the industry, he is probably not ready to allow his decisions to be overturned by player opinion, and certainly not the group of players he feels are bleeding the site of revenue.