Quote:
Originally Posted by PTLou
OMG head exploding again. earth to thread.
Baazov flipped a company (ongame) in a year or so and bagged a something around 70million gain.
Hear on planet earth that is pretty smashing
All please stop with the ongame compare silliness .
Once amaya closed stars deal which many smart folks thought would be IMPOSSIBLE to close , ongame and crypto became irrelevant to them.
Do you have any idea how they actually made 70 million off that? Like I said, I have zero information about this apart from observing the tables virtually every day during the entire time period, and I could swear their prize pools just kept shrinking and shrinking since Amaya bought them. I don't have anything to back this up, and if you can dig up information to prove me wrong hats off to you, I don't have the time or energy to seek actual numbers. But I feel fairly sure that they did not manage to grow the player base or do literally anything to attract new customers. I can't remember a single promotion or new invention or anything. They even have the exact same MTT schedule as they had in 2009 with the exception that what used to be 20k GTD is now between no gtd and 400 gtd. I'd actually be pretty interested to hear how they made so much money off doing nothing, must be some serious sorcery.
Either way calling it "flipping the company" is a pretty liberal use of the word. The product is still worse than it was before Amaya and from a poker playing standpoint it is significantly worse than before for the consumer. So at best they managed to make money by escalating the demise of their product, which is pretty much the exact same thing they are doing with PokerStars now, and exactly the reason why we all are worried no? So I don't see how even if the +70M thing is true it would be a good thing, more like the opposite.