Quote:
Originally Posted by Wilbury Twist
The "trust me" part of your post suggests you have some experience in this issue... care to share?
I've long wondered the same as Snuffers' post: what would happen if a significant number of top high-stakes players – who should also have the largest bankrolls – all decided to withdraw their funds en masse?
To the OP, and others who participated, good on all of you folks. All too often, I read threads and posts calling for some kind of action, only to have minimal response. In this case, you've made an honest, concerted effort to effect change. And yes, you will have plenty of people telling you it will accomplish nothing, but then again, doing nothing also accomplishes nothing.
I used to own a large part of and operate a poker network.
1. Stars almost certainly has the liquidity to cover any "mass withdrawal" that might be organized.
2. If their asset mix does not match up precisely with the liquidity demands of a surprise mass withdrawal you might assemble, they certainly could borrow short term to cover the cash flow.
I just think this is a foolish tactic that would fail because (1) it overestimates both the ability to implement it and (2) vastly over estimates the likelihood of any real impact. It appears to be lashing out without knowing very much about the maths.
3. Unless you have a place lined up for folks to deposit and resume action, consider what you are expecting them to do ..... quit poker ?
4. Conversely: Why would anyone think Stars could
not fade the sort of short-lived run on the bank being talked about ?
Trying to "bust" Stars is foolish and you cannot do it, certainly not by attempting a "surprise" run on the bank. .
What MAY be more productive follow-up is working on their marginal revenues (from whoever you persuade to move on) than trying to deplete their players aggregate bankroll, especially when your actors are tournament players. Even Stars' marginal revenues stood up well versus the boycott, at least this time around.
Players moving en masse to another site, whether its Party or RIO or wherever, may get more notice because no one wants to lose marginal revenue. At least you'll learn if Stars wants to keep that segment of the business, although the results this week raise doubt it stands to lose that tournament market segment.
5. Stars may reach out or not, but they are not likely scared about this dispute. Leap at the chance to engage in any proffered dialogue.They may reach out or not, but they are not likely scared about this dispute. Leap at the chance to engage in any proffered good faith dialogue.
Last edited by Gzesh; 02-18-2019 at 01:10 AM.