Worst bluff ever. Now **** off back to your park bench.

shocker, the same type of rec players who poooo up every thread ("hai gaiz stars steals from players and increases rake gonna make me hav more fun! btw fu u HUD cheaters!") trying to turn this into a discussion about rigged rng. zz plz take that to the is poker rigged thread in the zoo or whatever that forum is called.

and peace and love to all the rec players out there who know what's up.. unfortunate that the others have to give the rest of u non derps a bad name.

As a rec who has worked up from 2nl to 25nl this and the rake increase have finally given me the push I needed to withdraw my (by many of your standards meagre) bank roll to go elsewhere.

Previously the software reliability/traffic and perceived security kept me at Stars but it all just seems too risky now.

+1

As far as stupid Baazov bluffs go, the most recent obvious insider trade was one of his worst. He had this to say about it today, from http://business.financialpost.com/in...ities-watchdog

http://business.financialpost.com/in...ities-watchdog

Hilarious, I mean he clearly even had shills on here imo trying to big up the share price. Just read through the 30% drop thread.

Amaya Inc. down 20% so far.

I just don't see how it's possible to try to do something so obvious? Are they this dumb? What am I missing?

Insider trading is hard to convict on but regulators are always keen to find a case with a clear conviction so they can deter others (as opposed to not making charges stick and encouraging others). The fact they've been at this case for two years and are now bringing charges is a pretty good sign they think they can get it over the line.

For Amaya it probably means nothing; he has already estranged himself from the board and executive team by making an offer for the company. Presumably they appoint an interim CEO and/or replace the CEO at some point. As for this being a godsend for regs the requirement to pay down debt is still the pressing issue (and the rake/rewards/format changes are all a function of that so unlikely to be reversed), and it's more than likely that the Board will continue to push in the strategic direction they have already chosen (mobile skill games that are scarcely beatable, casino/DFS) when it comes to the career background of any new CEO they appoint.

Sure but with the pokerstars brand being further damaged it could exacerbate this debt payment problem and at some point the creditors will sell it at a loss as a write off. Certainly this event raises the probability of that happening sooner than later

Would've made a lot of money shorting stars since bazaav.


What was initial stock and what is it now?


Wish I shorted lmao

It just really isn't that simple. The brand damage is unknown, the company's operations generate a pile of cash, the bank's preferred option will always be to trade through any problem rather than wind up a business (this isn't selling a house at a loss to recover a few hundred k), the company is publicly listed so may have the option of raising capital to pay down debt, all those things take months/years to play out.

(I'm getting a better feel for how NVG works so I'll post the counterargument which goes something like "did it take months/years for Bear Stearns and Lehman Brothers?!?!?!?!")

Thanks David for letting me play another sng

http://forumserver.twoplustwo.com/sh...1&postcount=34

What was the share price the day before and the day after Stars announced the end of supernova elite?

I don't believe he can afford to even plead guilty to a "fine" considering that New Jersey made PStars dump a bunch of good people with a bit of dirt in their background in exchange for operating in the State. I think this matter is as bad or worse than anything those let go had ever done.

Makes sense - that's about the amount it went up when he disclosed his tender offer to take the company private. Now that he's facing insider trading charges it's unlikely anybody would lend him the money to buy the company out, so the market is pricing out the possibility of going private.

Golden Wednesday, scum bag Amaya ceo and spin and gos go down same day

Buying Amaya now

Still a terrible company in a massively declining market.

"They made a profit of roughly 1.5 million dollars"

Wow...how ****ing greedy can you get? About to have major stock in a multi billion dollar company and scamming for pocket change....

Unsure if waiting 10 hours is "snap cashing out."

“David Baazov has the full support of the independent members of the board,”

Theres a reason why Robert Mugabe has the full support of his board. They're all getting a piece of the cake and will all feel the burn when he falls.

Poker doesn't need this corporate bull****. These guys have zero integrity.

I specifically said he would pay a fine and NOT admit guilt.

Admitting guilt is a whole different level and would probably result in him being banned from the gambling industry, although that hasn't stopped Teddy Sagi from Playtech from acquiring gambling licenses in regulated jurisdictions.

The playbook for these types of crimes has been written by Wall St bankers' criminal defense attorneys. They regularly indulge in criminal behavior, pay a fine, not admit guilt, and carry on. For them, these fines are just a business expense. For example, not a single person or bank has been sent to prison for the subprime mortgage crisis that almost sunk capitalism as we know it.

Again, this is not Amaya itself being targeted, just the CEO. I know it sounds flip by saying "just the CEO" but this is a major distinction. If the company itself was being charged, then licenses could be stripped, loan covenants could be breached, and its very existence could be in doubt. That is why banks caught in wrongdoing never plead guilty, and that's why regulators don't force them too, it would cause too many negative external effects.

It's also why an analyst today said he is maintaining his $35 price target on Amaya shares.

Global Maxfin Capital analyst Manish Grigo says although he’s not surprised by the stock’s initial downside he does not believe these charges affect the fundamentals of the company. “Amaya has about 100 million poker players. They’re not going to stop playing because the CEO is under investigation,”
“PokerStars existed before Amaya bought it and PokerStars will still exist even if the management changes.

+1