Quote:
Originally Posted by SereneTuna
GG has peak Full Tilt vibes atm. Nosebleed sickos signed up as pros, massive cash games running, preliminary rumblings of shady activity. I hope lightning doesn't strike twice. Do we even know if they are segregating all player funds?
apples and oranges ... FTP went down b/c of the black friday. without the wire problems, which resulted in the massive amount of phantom money, FTP prolly could have stayed afloat, even how poorly they handled money.
and "segregating all player funds" isn't as straight forward, as it sounds. my memory is a bit fussy, but i think there are 3 tiers of 'protection' and depending on what kind of financial problems the company has, the money could be gone anyway. e.g. PKR had some sort of protection but at the end it didn't matter.
i believe pokerfuse once did some digging and pp weirdly enough had a pretty low protection (which they upped since then). nevertheless, pp has GVC behind so i think this matters more. until gg is a more transparent company i wouldn't trust w/ my whole bankroll anyway, even if they have the highest 'protection of funds'