so with a move this brazen, and considering recent financial events, could it be possible GG is in a liquidity crunch?

Already some 5 fish games running today and no reg who has committed to the boycott playing.

Lobbies for the most part completely empty and will remain so for the next while.

RE liquidity crunch:

think it's unlikely, HSNL is quite a small part of their revenue and this rake increase won't really move the bar, just random greed and hoping that the players are stupider than they actually are I think.

I think from a business point of view, providing that the recs would never know they are playing against bots then it would likely be better, recs don't get exploited, money exchanges hands more often resulting in more rake generated with the same amount deposited from each rec, obviously it would essentially become like a casino but if they truly only care about their bottom line and recs just want to gamble then yeah replacing top regs with minimally winning bots is prob best (assuming the site doesn't die from it which I think it could)

as far as the game of poker and the fun of competing it's obviously absolute garbage if it were to happen

I fully understand how it makes $ for the site to do so meatstick.

The relevant point here is that it’s highly unethical and mindblowingly stupid for any human with a brain to partake in.

GL GL, hopefully something good can come out of this. Nice to see some people standing up to GG.

Is high stakes really a proper noun?

Dumbest post ever. You're describing an illegal ponzi scheme and any regulated site would be shut down and owners eventually taken to court for using players funds such ways.

"Governments DO NOT make money based on taxes. Governments make money based on the "hold" of paychecks. That is, how much of each paycheck goes to the government vs. gets withdrawn by taxpayers. Tax is only the method by which governments get their share of a paycheck."

All this time I thought government was making money off of taxes. Turns out they're just taking a share of people's paychecks using taxes as a method. Not making money.

The posters being harsh on JackSpratt, you should be aware that players' funds at GG Poker have "no protection", and this is according to GG;s own Ts & Cs.

Clause 5. CUSTOMER FUND PROTECTION
Any funds you deposit with the Company will be held in a segregated bank account in the name of the Company.
The funds in the segregated account are not protected in the event of insolvency.
This meets the Gambling Commission’s requirements for the segregation of customer funds at the level: Not protected.

Source: https://ggpoker.co.uk/terms-conditions/

So they are in a segregated bank account in the name of the Company. Fine, but how often, if ever, is this audited to ensure that there is an exact match with customer net deposits at all times? Even if it is an exact match at all times, is there anything legal or regulatory preventing GG from using the funds in the segregated account as collateral to borrow against?

If there isn't, then for a net cost of two or three percent (rate borrowed at minus interest earned on the deposit) they could in effect be paying for operating costs with customer deposits (as borrowing collateral.) Has anyone looked at their accounts to check any of this?

Bottom line is that if they become insolvent your funds have zero protection.

Can you guys make same organized boycott for lower stakes chico which recently up`ed their rake to stuff like 10-17bb/100 at nl100 down to nl25? (thats w.o new changed extra bad beat jackpot that i dont even count in - which is a form of super high unnatainable for most players variance rakeback)

yea

Noone cares these days,
They make changes, you swallow and move on.

Anyways i feel like they dont rly need this much highstakes action, they`d rather recs to lose slower playing lower, esp now that they`ve gotten rank1 ahead of pokerstars by like 1.5-2x volume or smth stupid (part of that rise was also you guys giving this scum site action when games were better for you, even tho vast majority of non leaderboards regs never profit in games higher than 1k and u very well know it).
they dont even need that much advertisment anymore now that they are indeed are worlds largest poker site. And you and these highstakes games used to be a sick advertisment to them and you guys know it (esp dating back to those kakitee streamed 100k games when they first appeared when GG was still way behind stars in volume)

Now that they gotten rank1 by a mile, they treat you like other sites including FTP/stars treated affiliates back in the day, u got them customer base, and then they dump you once they dont need you anymore. And then each affiliate (cose every large one has their news website/telegram/forum) only writes `bad sht` about stars for 10+ next upcoming years down the road, true story that.

GG will actually eventually kill poker (as long as they stay at top), once every other site will copy their behavior, so funny we used to not like Amaya lol, give us back amaya at the top pretty please)

Look at their new 9max w ante at lower stakes intro, why not make a 2p2 post about that rake trap?
I think i know why.

Words: `sustainable` `longterm` `environment`.

I was thinking a lot about these words back 10-12+ years ago when it could have mattered.

Now these words are just troll (has been like that for many years its just the matter of whom it reaches first or last), nothing else.

DownLow you either didn’t really read Jack’s post, or severely misinterpreted it.

I work in treasury for a bank. All of these funds would not be available at any given time so if there was a run on GG they would not be able to make all their obligations just like what has happened to SVB. Either the bank the money is deposited with or GG themselves would manage the treasury functions of these player funds (FX hedging, O/N deposits, money markets etc). It really should not be any surprise to anyone that these funds in a bank account get used. The bank must beet its regulatory requirements such a leverage ratios, Basel 3 etc so the money can't just sit there.

I am not disputing what you are saying, but it is in contradiction with what is in GG's Ts & Cs, that
"Any funds you deposit with the Company will be held in a segregated bank account in the name of the Company."

I mean, I agree with what you've said in principle anyway, because "holding all player deposits in a segregated account", but simultaneously having "no protection"
in the event of insolvency, are contradictory statements in themselves, because it is extremely hard to image GG becoming insolvent and while it
is in the process of happening them not touching a penny that is in the client segregated account.

If this did happen, they became insolvent but didn't touch the money in the segregated account, then players would have protection,
save the bank that the segregated funds are being held in, defaulting.

I meant `lower`, obviously. typo
Anyone who peaked at 1k or lower longterm results of all regs playing on GG knows what im talking about.

innerpsy, GG`s highest viewed cash game twitch streamer (esp constantly streaming these EXACT 5k-20k games) should come up and explain how this is great for games and everyone (like he`s been doing in the last 1.5 years or so since dumping stars for GG when he was talking **** about GG when he was still stars ambassador).
Like the good old Negreanu did that back in his old `still pokerstars ambassador` days with classical forever quote of `more rake is better`.

Sorry I could have been clearer in my post but I am agreeing with you that these funds are not safe in the event of insolvency. While they are held in a separate account they are still part of the company's balance sheet.

Since the fish that the regs are taking money from are playing a long term unbeatable game ask them. Poker is a net negative game for the players as a whole as the house demands a cut.

Green tag is recreation player...

did gg increase rake on just high stakes or all limits?

does anyone know if the primedope rake comparison has updated new GG rake structure?

Just want to say: Thanks for doing this

Hope it works and not only GG but other sites take notes.

I think lower stakes were unaffected and at 25/50+ they doubled the caps. It doesn't look like Primedope has updated yet. It doesn't sound like they even notified anybody of the changes via email or a table notification.

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I dunno about this specific situation but just because something is in T&C doesn’t mean it’s binding. The law will trump.
For example in fine print you can’t just say you agree that we can withdraw your deposits money to buy our ceo a private jet whenever we want.

Dougs new vid covers GG rake story



Hopefully helps bringing eyes to it

Lower stakes have been getting raked to death since forever already, they pay upto double the 7bb Mixgrill is crying about, so nothing would change. If they can't beat up fish and whales for more than 7bb they really were not as good as advertised sorry.

Even though I don't play highstakes, the idea and implementation of the boycott is exemplary!