How much money would it cost to start a site operating with 'sweeps' loophole to compete w global?

My guess is around $50 million

1 million +/- software, security, R+D going forward.

Assuming 10% free chips for deposits, go heavy on the positive side and say a million for that.

G+A should be kept to a minimum until it is profitable, 75K - 125K a month (depending on rent costs) and a years worth in the bank, 900K - 1.5 million.

Could easily open the doors with 3 million in the bank. Wildcard is advertising and marketing.

There "was" a site that tried to do it (below).

I think Global is bullying anyone who dares enter their sweepstakes loophole.

You mean protecting their patent and model?

Oh, yes... protecting

Never run a business before huh

But their patent and model will prevent you from succeeding, correct?

Patent protects them as applied. Is this that difficult to understand?

You could find ways around it, like every other patent that has competition.

Like I said, you've never run your own business.

I've been running my own business for 37 years.
I have nothing that needs a patent.

I'm just saying a company tried the sweeps thing... and failed.

If Global has such a stranglehold on sweepstakes poker,
how can another company compete, in the only "legal"
way poker can exist online, in the US (sweepstakes)?

If a sincere question....

Need to examine their patent and what it covers. Then need to create a similar system that does not broach their patent.

"Sweepstakes" they cannot own as it has its own legal definition. If someone created a similar system, which WPT has legal poker for cash prizes, then they would be able to get out the gate and operate.

Quarter Poker, never heard of them, seems to have tried something similar and using same software. My guess is that VGW would have paid a higher licensing fee for exclusive use of Cubeia's software using a "sweepstakes" model. A guess, I've not looked into it. I have spoken with Cubeia about using their software and they sent me an info packet asking lots and lots of questions including where I plan on marketing it, to whom and how, etc... Good chance their licensing protects the current t users from copycats. Think along the line of signing a lease in a strip mall for a pizza parlor and having g a stipulation that you are the only pizza/Italian restaurant allow to lease in that mall.

The legal loophole they use is the sweepstakes laws. The same laws that Publisher's Clearing House falls under.

You can look up their patents on Justica Patents. The founder is a pretty smart guy, very successful, and has legit track record. They are strongly protected; I'm sure a smart legalese patent expert can find a way to compete but doubt a novice would ever be able to do it.

Cubeia also runs Nitrogen Poker, 21, United, Mr Green, etc...

Not sure why you think that this is the only legal way poker can exist online in the US. That is clearly not true, as there are legal and licensed online poker sites in the US. There is no federal law that strictly forbids online poker (if there were, then the legal and licensed sites could not operate), and only a couple of states have laws that specifically ban it.

I know that and eventually/hopefully all states will open
up to allowing these legal and licensed poker sites.

Talking about how sweepstakes poker loophole is "legal" in
almost all states but these "legal and licensed poker sites"
are not legal, yet, in most states.

Quarter Poker existed before Global.
Global actually advertised on Quarter Poker.
I remember seeing that Global ad, signing up on Global and was one of the first 20-or-so people on there.

i could be wrong but quarter poker was around before GP and even used some of the same avatars and UI if i remember correctly.

at some point i figured they (GP) bought the software ect from em cuz it was so similar but i dunno.

gonna be hard to compete with GP in this model. imo one of the ways u can judge a room is on its freerolls.

the daily and weekly .11s are some of the best around. easy to qualify for and cost nothing out of pocket.

even ran lots of freerolls giving entries to their biggest summer series. and it wasnt some near impossible multi step time sink freeroll like one might encounter on alot of other sites.

i think they understand their player base more than most rooms.