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Can we discuss Cereus specifically? Can we discuss Cereus specifically?

04-19-2011 , 07:35 PM
Quote:
Originally Posted by TomVeil
Will they still have lost trust if they open cashouts before FTP and PS?
Do you really think that they will be able to pay US players if they are not able to pay even single one player that isn't from US??? We (non-US players) were maybe 10-20% of their whole player base. Actually it should be a lot easier for them than for PS/FTP to process cashouts. There just wasn't that many of them in comparison with FTP/P* .
04-19-2011 , 07:43 PM
That does point to a distant 3rd possibility. They may be negotiating a sale of the customer lists, perhaps even divorcing the US player base and selling off only the non-US list then moving on. In that case, I can see not allowing overseas cashouts because the list isn't valuable if your not a vested player. I suppose its even possible they are trying to make a deal for the full list, maybe even with plans to continue on as a backend technology provider collecting licensing royalties without the processing headaches. Both of these would be positive scenarios for player money. Maybe Calvin is about to step up and takeover America in an Al Capone kinda way.
04-19-2011 , 07:52 PM
well if they were going to take all the funds and run, might as well open up deposits for a while and pretend u are doing cashouts would give them another cpl weeks of collecting money.
04-19-2011 , 07:53 PM
Quote:
Originally Posted by gargamel_fk
Do you really think that they will be able to pay US players if they are not able to pay even single one player that isn't from US??? We (non-US players) were maybe 10-20% of their whole player base. Actually it should be a lot easier for them than for PS/FTP to process cashouts. There just wasn't that many of them in comparison with FTP/P* .
I don't know anything for sure, which makes me part of the 100% of other people on this site who are making posts. What I do know is that if US players people were still able to transfer on FTP, there would be a ****ton of us players transferring to non-us players, and transactions would be delayed even more than they are for international players. The logistics of the situation are different with UB/AP because they are handling the situation differently.

Only time will tell what's going to happen, and nothing we say here will change that.
04-19-2011 , 07:58 PM
One thing is for sure, the people hurt the most by this action are American citizens who cannot access their money. FTP and PS will continue making money by servicing the rest of the world. UB/AP will either go on internationally or with Americans if possible. That's your govt at work, acting before they realize who will actually be getting harmed.
04-19-2011 , 08:01 PM
wild speculation ITT
04-19-2011 , 08:46 PM
Payouts: Thank you for contacting us! My name is Paul. How may I help you?
me: Hello
me: I made a cashout to NETeller on Sunday. When can I expect it? I'm from Norway
Payouts: We expect you are aware of recent legal developments in the US. This situation has led to an unprecedented high volume of payout requests and inquiries, and is causing processing issues in general for us.
Payouts: We are currently working actively to resolve these issues and we apologize for any inconvenience.
me: yes
Payouts: An update will be provided as soon as possible
me: ok so no timeframe?
Payouts: we not not have a time frame how long it could take


at least I got a non-standard answer at the end
04-19-2011 , 08:54 PM
that's what happens when they don't have a copy paste answer
04-19-2011 , 10:03 PM
Offifcial after the new client update: Real money activity for US based players is suspended however doesn't affect non US players
04-19-2011 , 10:04 PM
04-19-2011 , 10:09 PM
Quote:
Originally Posted by Doug_Funnie
still 14k players online and lots of US players at tables. so i guess once they log off they wont be able to get back in?
04-19-2011 , 10:12 PM
wow, they are finished, hardly any of their userbase is outside the US....really hope all you guys can come up with some way to get your money out safe because they are going down for sure....
04-19-2011 , 10:28 PM
can still play in the us after logging out/dling new update .. but they just recently took all of the electronic/ non UB items out of the UB store.. sigh.
04-19-2011 , 10:35 PM
to verify... "real money activity suspended"

US players can still play on the site... but the deposits/withdrawals are blocked for the time being. according to VIP chat
04-19-2011 , 10:38 PM
Quote:
Originally Posted by evitooo
can still play in the us after logging out/dling new update .. but they just recently took all of the electronic/ non UB items out of the UB store.. sigh.

same....that pop up posted above is nothing more than making it official that all cashier options are currently disabled. We can still play.
04-19-2011 , 10:46 PM
Quote:
Originally Posted by reztes757
same....that pop up posted above is nothing more than making it official that all cashier options are currently disabled. We can still play.
Confirmed.
04-19-2011 , 10:53 PM
They are going to continue to take you monies and not pay a cent to any players.
Why? Cause UB/AP are nothing but scum sucking crooks.
04-19-2011 , 10:55 PM
There a lot of sites with a relatively small player base. I think there is a big disconnect here: no longer third largest US site does not equal busto. Even if they run mostly small stakes games they are still raking money. How much do you really think it costs to run the site? Look at the joke sites that stay in business. They will make cuts but can easily be profitable going forward. They should stiff the DOJ. Period. And it seems like the I. Nelson Rose article points to many good reasons why this is exactly what they will do.

People saying "they won't pay US players!". U.S. players probably have a few million deposited on the site. What's more likely, they stiff U.S. players and ensure they have no viable business going forward, or stiff the fascist DOJ, pay U.S. players and run a much smaller, but profitable business down the road in places where they are welcome? It seems to me there is no real reason for them to pay the DOJ and I hope they stiff them. Paying U.S. players ensures their business can be viable going forward. Paying the DOJ is massively negative EV.

People should try to put aside all the crap that gets said on this forum and remember UB has been around for a decade. It's a viable name brand with good software and support. If they pay U.S. players- and especially if they manage to do it before the big two- it goes a long way toward healing their image in the poker world and could be the kind of thing that helps them build a better business in non-U.S. markets.
04-19-2011 , 11:00 PM
Hypothetically speaking, say no one can ever withdraw again. How long till the rake wipes everyone out? I mean the rake isnt stopping so at some point all the money would disappear right? How long would that take?
04-19-2011 , 11:02 PM
Quote:
Originally Posted by NapoleonDolemite
There a lot of sites with a relatively small player base. I think there is a big disconnect here: no longer third largest US site does not equal busto. Even if they run mostly small stakes games they are still raking money. How much do you really think it costs to run the site? Look at the joke sites that stay in business. They will make cuts but can easily be profitable going forward. They should stiff the DOJ. Period. And it seems like the I. Nelson Rose article points to many good reasons why this is exactly what they will do.

People saying "they won't pay US players!". U.S. players probably have a few million deposited on the site. What's more likely, they stiff U.S. players and ensure they have no viable business going forward, or stiff the fascist DOJ, pay U.S. players and run a much smaller, but profitable business down the road in places where they are welcome? It seems to me there is no real reason for them to pay the DOJ and I hope they stiff them. Paying U.S. players ensures their business can be viable going forward. Paying the DOJ is massively negative EV.

People should try to put aside all the crap that gets said on this forum and remember UB has been around for a decade. It's a viable name brand with good software and support. If they pay U.S. players- and especially if they manage to do it before the big two- it goes a long way toward healing their image in the poker world and could be the kind of thing that helps them build a better business in non-U.S. markets.
Good post....Anyone that think theys wont get paid by UB care to make a prop bet with me? I should get like 3:1, the way some of you talk we have zero chance. I am putting it at less than 1% chance we do not get paid and I think it is 50/50 that they will open back up to everyone here in the next week wth all cashier options available.
04-19-2011 , 11:03 PM
Quote:
Originally Posted by NapoleonDolemite
Paying the DOJ is massively negative EV.
I don't think this is a "choice" as you are suggesting. If they find assets, they have a process to attach them up to I believe $500M dollars.

Quote:
Originally Posted by NapoleonDolemite
People should try to put aside all the crap that gets said on this forum and remember UB has been around for a decade.
Yes, and they were looting their customers from the inside by using software able to see all player's holecards for a little under half of that time.
04-19-2011 , 11:04 PM
Quote:
Originally Posted by HVEEPOKER
They are going to continue to take you monies and not pay a cent to any players.
Why? Cause UB/AP are nothing but scum sucking crooks.
can we bet please?
04-19-2011 , 11:05 PM
Quote:
Originally Posted by reztes757
Anyone that think theys wont get paid by UB care to make a prop bet with me?
I have a better idea. How about you making your own Durrrr guarantee of say $10,000. Since you are certain, this should be no problem, right?
04-19-2011 , 11:06 PM
Quote:
Originally Posted by ElevenGrover
I don't think this is a "choice" as you are suggesting. If they find assets, they have a process to attach them up to I believe $500M dollars.



Yes, and they were looting their customers from the inside by using software able to see all player's holecards for a little under half of that time.
by "they" you mean the site? So the site was reaping the benefits of the scandal instead of a handful of employees? News to me
04-19-2011 , 11:08 PM
Quote:
Originally Posted by reztes757
by "they" you mean the site? So the site was reaping the benefits of the scandal instead of a handful of employees? News to me
I consider the founders/owners the site, so yeah. I guess I can see how it might be "news" to you since you don't appear to know much about what happened or what is happening. Hows that 10k guarantee coming?

      
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