Quote:
Originally Posted by buzzpaff
this mean he is shocked at not getting 100,000 players
In 2009, around 32,000 players earned SPOY points, which required making a final table or close to it in the larger pay-out tourneys. I'm sure the total sign-ups were closer to 200,000 for a free membership. The problem was, that their conversion rate was horrible. Probably 10% purchased a membership, and of those, maybe 30% continued. To make matters worse, any player with a poker IQ of 5 could turn a profit, so very few of us every paid to play there.
Bottom line was he couldn't find 5000 fresh fish per month that were willing to shelve out $20 a month that had no chance of winning.
He's in the media. Surely, he's under the belief that that U.S. is not going to legalize online poker in 2010 or even 2011 or he would have continued to absorb the losses for a few more months, IMO.