Quote:
Originally Posted by megalodonk
Intertops is almost a segregated pool and probably pays to Cake for monthly rake generated. So this is why they are able to payout as Cake does not owe them anything on monthly basis.
The question is who is going to keep the software running if Cake goes busto as a network but money there should be safe. The same goes for Goldbet which has mostly a losing player pool.
Hello,
what you don't understand is just by intertops/juicy stakes having many players playing, Every month the network would owe intertops, As you rightly said they are heavily segregated from all players on the network but what you don't no is the network only charge 10% so every month they have to pay out 90% off rake generated to the poker sites .
I can asure you the 10% off the rake the network get did not cover the running costs 3 years ago when they had over 30 sites on the network so the last 5 sites on the network now would never support the running off the site!
As again gold bet are now all segregated to, Betaland have now stopped all poker as they are owed $365,000, leaderbet also owed BIG money. Come On poker refusing to pay out poker winnings again. The Greek sports book stopped all poker now from there sports book owed $235,000.
What other sites are left? cake, ( its own poker site on it's own network ) Maxi who are owed a Ton and who use the cake cashier. no more then 5 poker sites now left. How long do you think juicy / intertops will stand much more off this? It will only be matter off time now before the network just close down and let's see who pay there customers out.
My advise would be cash out all your money now while you still have time unless intertops/juicy say they will pay out if the network go bust.
Matt