Quote:
Originally Posted by Cidergut Frank
Read through this whole thread.
Whole situation is strange.
Really feel for you guys but....
What were you doing chasing too good to be true offers on pokey little "I am here today, likely gone tomorrow" poker rooms. Asking for trouble. A new poker room/skin offering 50%+ rakeback is not going to be around long. If a new online bank sprung up offering crazy 25%+ interest rates for savings, would you not be slightly suspicious?
Seems plenty of people hit did not pay attention to the first rule of bank rolling. Do not keep more than 20-25% of your bank roll in one place.
Chasing Microgaming to be held responsible for this is a total waste of time.
Final conclusion to this thread.. No one has a clue what is happening or what actually happened... including me..
Nothing like the blind leading the blind.
Also read somewhere (am trying to find where.. Can't remember which forum and was some time ago) that TUSK was actually set up and "owned" by one of Australia's richest men. Who, it did not say but must be pretty easy for you guys to dig down and figure it out. If I were to have a guess, I would say James Packer, based on, he is the only super rich Australian into "Media/entertainment". However, in saying that, rich guys tend not to be stupid and to 100% connect any "Rich Australian" to TUSK is going to be the same route as trying to hold Microgaming responsible.
Good luck to you all but am definitely not holding my breath.. If you get between 5-10 cents on the dollar (with a ceiling cap), you will be lucky.
While I agree with some of your points others are incorrect
1. Rakeback was nothign special there are many skins still in existance which offer high rakeback. Don;t know how many times I have to say it but rakeback was not why TUSK went bust. It is though why MGS and other casinos were pissed at the skins and likely made MGS less willing to help out players. There were no signs of trouble. No one predicted this.
2. Diversifying your poker account doesn't matter. While it reduces how much you lose it increases the chances that you are going to lose money. Also not practical to play on multiple sites for tons of reasons I won't mention. I do agree though that keeping large amount of bankroll on less than stellar skin is bad idea. I would suggest just not playing there at all though, don't even put down 1%. Only deposit on well known and established skins. No way I'd ever trust MGS after this. My whole roll is on stars and I feel safe with that. They always mail my cheques within 1 week. Never had a single problem with them.
3. Blind leading the blind. I agree with you there. But there is still lots of valuable info. Players will likely get more than what you suggest though, although not much more
4. The guy's name is ken talbot. Goodluck pinning anything on him.