Isn't that the point though, the balances from the players with high balances isn't actually on the site, they might have a figure against their name in the cashier but the money isn't there to pay it out. So it's either this method of rake to withdraw or abandon the balance.

If you play in an unregulated market this would appear to be the price of play.

Hey guys,

It's a forum, and you're all more than welcome to express your views, good or bad. I honestly don't mind negative stuff, because it just helps us highlight what we need to improve on and also give you guys a better understanding of what we're doing to achieve this. However, please be considerate of which particular words or phrases you use.

Some of the stuff that has been posted has been unnecessarily defamatory and it's pretty unfair, in my opinion. You're free to voice your opinion, but terms like "Ponzi scheme" are at best unhelpful and potentially incredibly damaging to our brand.

We have so far acted with a higher than normal level of transparency (and will continue to do so) about the financial issues of our site and what our model is to ensure everyone is paid. Of course, we're the first to highlight that it's not ideal, but we're trying our best to fix the situation that the site was left in by it's previous owners and we are working with the everyone involved to try and get this sorted asap.

Whilst we do this, the overwhelming majority of our players can continue to deposit, play and cash out as usual. Our main aim is to run the best poker site that we can, and I think our players would agree that we're doing a really good job so far.

Thanks

Adam

I agree, you were put into a tough situation by formally irresponsible owner. You are doing the best you can and that should be worth something. Keep up the good work.

Any chance you can change the way bounty guaranteed mtts are done so that they are in line with every other poker site? Right now the prize pool based off a combination of the prize pool and the bounty pool.. instead of keeping them separate.

Example: The $2.20 $100 gtd bounty that is currently running (19:30 ET) has 46 entrants, the payout pool is $53 and the bounty pool is $46.. creating a total prize pool of $99 (not even the full $100)




What should be happening is the payout prize pool should be $100 (or more if it gets more than 100 runners) and the bounty pool should separate. Based on 6 payouts with a layover.. using the same percentages as the $53 prize pool.. payouts should be:

$36.98
$25.00
$15.00
$10.00
$7.51
$5.51

No need to PM it.

As I said. Lesson learned.

I just feel that players should get the full picture from this community so I'm doing my part, in relating my experience with the company you represent. I can appreciate that others may have had a better experience-but my experience relates to why I'm no longer a customer.

I had already appealed (at that time when management changed over) their decision to take away my bonus... And as I said, that and that fact and that their checks bounced was enough for me to seek games elsewhere...

Long story short-that's what I'm doing.

Thanks-

That's not quite true - they put themselves in a tough situation by buying the site in the state that it is. They have taken on a bunch of liabilities that they are clearly unable to meet in a reasonable time frame.

Hello,

It does not matter what way you say it or otherwise, Juicy stakes was taken over by intertops and knew well in advance what the players balances was.

There is NO reason to take on a site and not play the players balances when you are well aware off all players balances before the takeover. They are never going to get this site up and running with limited withdrawals and bull **** play through requirements.

Matt

Hello Adam,

I would like to no why you keep going back to "the old owners" ? you say how bad they are with having no money and players would have never got anything BUT you are still doing business with "the old owners" such as the network.

Until you move your operation away from the revolution network you are never going to move forward. You no how much bad shape they are in and you continue on the network . why?

betaland ( Italian site ) are owed 450k, the greek sports book 275k. ComeOn poker now refusing to pay out poker winnings ( as listed on the front off the website). these are the sites I can report as my information is 100% confirmed correct I expect there are many more but will not comment as I am not sure . I mean these are the people you continue to run your poker sites through!

You think this is acceptable ? Why not move networks, do you still owe anything to Nick Melios ( network owner/WinCake ) .
when the deal was done with intertops you was given juicy stakes as part off what you was owed so you new what the player balances was when you took over .

Matt

Let me find out on this..

People might not see it as a reasonable time frame - but we do have a time frame which once again is better than the alternative of no time frame at all.

I think we've both over-clarified our points ITT already in regards to this. I don't really see any benefit in continually going over the same lines, when I think we have made our position completely clear of how we're going forward and you've already voiced your dissent.

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Why is this not stated in your terms of service? It is almost unlikely that I will deposit my money at a bank, without knowing the conditions what they will do with it.

What does your license provider www.curacao-egaming.com state about segregated player funds?

Having a license from Curacao is nothing more than having a logo on your site. They've proven time and time again they're useless.

What is that time frame exactly? Apologies if you have posted it already and I have missed it. At least an insolvency they would get paid out at the same time and at whatever percentage of their balance as other players. At present they're being held at arms' length whilst others (that are the same class of creditor) are getting paid out.

The point keeps coming up in discussion and is an important one. You may not feel the need to keep talking about, but others do, and I'll keep discussing it until the moderators or whoever tell me not to, thanks.

+1

How hard is it to get this satellite running ?

Only 3 players registered so it was cancelled for the 2nd time.

Juicystakes / Intertops do a really poor job promoting this Vegas satellite.

I feel like they should bump the buy-in up to around $100 and have it on Sundays around their Sunday major. They are probably trying to drive traffic on non-Sundays.. but it does little good if those sats don't go off.

No matter what they say to the haters, it isn't going to please them. They should have never bought Juicy Stakes, so they couldn't get any money back at all. Haters gonna hate. The room has virtually no traffic if they just gave out all these balances hand over fist then the traffic would be even more non existent, it is far from a perfect situation, but being able to retrieve any money at all should be considered a positive.

God I can see people being overly anal if someone somehow buys Lock and provides some sort of similar business model. They will forget overnight that the money was long gone and instantly demand the money. A lot of these people put themselves in this situation, knowing for months (even over a year) that the games were about as easy as play money, but I guess for that glimmer of hope, it was worth them to keep grinding, even though those dollars were just a clear illusion. I'm not comparing Lock to Juicy, although there were clear signs that the company was far from solvent as well.

I still haven't received any correspondence...

As far as i know Juicy was taken as a payment and was better than nothing, i suppose. If i were from the usa, i would have got my cashout, so can just hope someone buys the cake also and we get the same deal. And there are more skins to buy from the same network and company.

And yes, it was worth it to continue grinding during the time the games were like play money and one still got cashouts. Still a good site but as just a part of the action in inter and juicy, it can be a problem, depending.

We didn't take the site over so we could become insolvent. We might as well have just left it sit idle with the previous owners. We've come in to make the site flourish, which we think is the best option for everyone long term.

The market is currently so volatile, that the margin of error on the forecast could be huge either way, so any public announcement of our time frames could just be seen as speculative. But we are constantly working towards our end goal and in-house monitoring the time frame.

It's sometimes hard to predict, what will or won't work for getting players in for satellites. We're going to keep plugging away at ideas until we get it right.

Apologies to anyone who has wanted to play in a tournament that hasn't run.

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Update: Still haven't got my 8k owed to me

Just keep that in mind if your thinking about signing up for either juicy stakes or intertops. A place where they pick a choose who they payout and what stipulations you need to meet retroactively. Boggles my mind a company like intertops with supposedly massive amount of sports betting cash and 20 year in the game wont pay me out 8k on their juicy stakes brand.

Your isolated case has nothing to do with any new sign ups.