Quote:
Originally Posted by campfirewest
They effed with the banking system in the US, no company that does that will ever get a gambling license
I am not at all clear that this is the case. The indictment doesn't discriminate between the sites mentioned. It's not clear to me what PS, exactly, have been accused of doing. Plus, you know, innocent until proven guilty.
Quote:
Originally Posted by campfirewest
If the US regulates online poker and droolers can deposit and cash out at will, then the US market will become enormous. Any online site that is shut out of the US will then be relegated to being a second tier player at best, because non US players will want to play where there are lots of bad players and liquidity
The US is not the rest of the world. The total market today is much bigger than the US. PS have about 50% market share. If their closest rival gets the entire US market, PS will still have higher market share. Furthermore, the US leaving made the games softer, not tougher.
Quote:
Originally Posted by campfirewest
That's why PS may be in deep trouble, although they may still be banking cash now. The key people leaving and rake and VIP program changes are all huge red flags.
Gabi was CEO for two years. Or was it more like 18 months? I've forgotten. HIM coming in was "key people leaving", or in this case, owners moving jobs within the company.
Plus this is the third year in a row they've tried to change the rake.