Old post but definetely deserves its own thread, this isn't a random pleb talking its Talal ****ing Shakerchi if anyone knows anything about anything it is him. And he thinks Stars is ****ing up big time; and this is before stars went completely ****ing nuts and pissed down theyr own company pants. Sure feels good as hell at first but then, yeah you just pissed your own ****ing pants.
Quote:
Originally Posted by raidalot
Some questions for you Steve:
(1) Will you be sending proper notice of this to all players or will PS be taking the sneaky 2+2 only approach like you did on introduction of FX charges (so most players never hear about it)?
(2) What is the underling philosophy now? Does management consider that its not enough for the company to make $420m profit (EBITDA) on its $1100m revenues and so you have to squeeze even more out of the players?
(3) Has anything that's happened recently caused you to pause and consider your position at Stars?
C'mon you guys. One of you needs to step up to this challenge/opportunity. Players are pissed and want somewhere to move to. Offer some bonuses, increase the guarantees, invest more in the s/ware again, add a few servers. One of you has the chance to take over leadership if you're willing to take a view and invest now.
PS used to talk to us like with some integrity and respect. Now its all corporate BS spin.
JK I know, but they have increased MTT fees overall pretty badly, but mostly in more back-door ways: increased proportion of turbos (with rake same as regular tourneys), weighted guarantees towards the turbos etc, introduced faster formats like spin & go (which is dice-rolling, not poker), switched from rebuys (zero rake on rebuys) to re-entries (full rake), doubled rake on hypers, ... [watch this space]
What can be done?
Well there's no magic answer - they're doing these things because they can - its basically monopoly abuse. But there are a few things to think about which all help a bit:
(1) Play less on PS and more elsewhere - that will help other sites step up to create a more competitive business (= good for players).
(2) When people ask you where to play, recommend a different site.
(3) If you're a player in the media then say what you think about this when you're interviewed.
(4) For those who are really pissed and have the time/energy, contact the anti-trust authority in your country. (The body whose job it is to protect consumers from monopoly abuse). Tell them one company has become dominant in the industry and, having reduced the completion to an ineffective level + bought and run down the number 2 player, and despite making exceptional margins (38% EBITDA margins) on the business already, is squeezing its customers (you) even harder. They have the power to make PS adopt fair practices and/or split itself (eg sell Tilt to a real competitor). Even if they don't take short term action Ican guarantee that if they start sniffing around PS/Amaya will be very careful about doing anything else.
Your authority is listed here: http://en.wikipedia.org/wiki/Competition_regulator
(5) If you're a member of the PPA, tell them you want them to adopt a policy of lobbying for US deregulation without allowing Stars back in for period (eg 10 years) as that is now in the interests of the players. (Sadly I already know what PPAs answer will be but it won't hurt to make the point).
(6) Support actions like mass sit-outs. Don't just expect everyone else to do it or take a short-term view.
(7) When PS next send you one of those surveys, say what you think.
(8) If the other sites make some serious efforts to build their biz then support them.
So the thread doesnt get closed, is there any savior? Will some company offer something better so that regs will switch? What can the players actually do? Are we do ****ed?