It's invite only everybody knows that.

Someone's following the YouTube poker skirmishes there ... nice one

I'm supernova elite already in Rio Poker

I'm opening chests at RIO Poker already. Wait... oh, ****!

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Unfortunate to hear there's no new update on RIO Poker.

Was just catching up on headlines over at PokerScout, and saw something related to the topic that is kind of fun though - looks like a couple of 2+2 posts made an article over at PokerTube ...

It's Been a Year Since Run It Once Poker Site Announcement And It's Still In Development

Not a major publication or anything, but figured you might still get a bit of a kick out of seeing your names in print? Had something of mine quoted from the PS Promo thread a while ago, and got quite a giggle out of that

if phil bought out stars thatd be so boss

If unicorns had wings and jet engines they'd fly fast.

No more ridiculous than Basov getting loaned the money to buy it in the first place.

funny, good point, and yes that was some crazy chit. someone needs to write a case study on that one for MBA schools.

go phil. I'll chip in $5k. $3.4999Bill more to secure and hes gtg.

The only boss thing is if RIO starts to do damage to Stars and they have to course correct quickly. That would be fun to watch them squirm over how they respect their player base and always aim to be number 1 value.

But Galfond stealing a bunch of everyone's recreational players isn't going to be easy, if RIO ever releases.

How much time and money has Phil put into this project? I ask because by now you'd think he HAS to open no matter what, right. Is it just a matter of time or could he potentially back out of this project?

Buying companies with debt is extremely common.

We just interviewed Phil on the Thinking Poker Podcast: http://www.thinkingpoker.net/2017/09...-phil-galfond/.

Sounds like he's still committed to and working hard on RunItOnce Poker. Think a lot folks here are underestimating just how much work is required to launch a successful real money poker site. To be fair, Phil admits to underestimating it as well.

^^^^
I recall UnibetAndrew in the Unibet sub-forum making just this point when the RIOPoker idea was announced.

fyp. pure conjecture on my part , but probably yeah.

That's not the way it works in the world of rational agents who don't take irrecoverable or "sunk" costs into account when making a decision on present (or future) investments. Doing that is called sunk cost fallacy, or to put it in elementary school terms: don't throw good money after bad.

They are still planning to release RIO poker because they think it's the right decision business-wise, not because of the money they spent on it already.

It is not dumb if the end product is a superior playing platform, with a good choice of cash games and GTD prize pool comps, safety of deposits and great customer service.

All of the above is very achievable if someone has the will to do so.

The issue after that is obviously gaining player numbers. I proposed a general idea a while back of a large group of regs crowd funding a new poker site with a perk of being an investor of free or very low rake dependent on the size of investment. This would have produced a large player pool of regs on live day 1 of the site and then non regs/recreationals would have followed in numbers due to MTT guarantees and a wide variety of cash games that would be naturally occurring/achievable immediately.

No one, out of the few new sites proposed or already built, appears to have used this model, so it's likely they'll all be scrapping over the same new sign ups, which is very costly in marketing and promotional dollars.

Obviously, I know nothing about RIO's likely player procurement strategy, but given all of the above, IMO they will have more chance of success if they offer rake and juice free games on launch as this will be the cheapest form of player procurement.

Yes there are ongoing running costs, so earning no revenue for say 3 to 6 months, or whatever the promotional period might be, will be expensive but with the partial buffering of the economy of scale that an on line business benefits from. But it will still be a helluva lot cheaper in the medium to long run than battling for new sign ups and then player retention against all of the other existing and newly planned sites.

If the product RIO offer is truly superior then those who sign up with a time limited period of free rake and juice will surely stick around in big numbers when rake and juice kicks in or is phased in.

Clearly there are variations of the initially free to play business model but I feel that RIO, or any new site for that matter, will likely need to adopt something like this to have a real shot at sustainable success in an on line industry that appears to be contracting but at the same time has new entrants coming into the market.

Good luck to RIO in its venture. It will be refreshing to have an option of somewhere to play that has no negatives associated with it.

In my eyes, the only way RIOpoker succeeds is by entering and getting a license for a brand new market.

Seems unlikely that will be the States, but based on what Jungle said on Dougs Podcast, I suspect that market might be India.

If it is, and RIOpoker can get an early lock on the Indian market then it could be huge. India has a HUGE middle and lower-middle class. We're talking well over 500million people... With the right marketing, that would be bigger than US online poker would ever be.

So good luck Phil!

whoa. so much wrong in that, a few tidbits of right.

the cost of regulatory and such is no where near "beyond astronomical"

it is a material number but more importantly is just complicated and takes alot of time and even more importantly is just a great big focus suck for anyone involved,

I have no idea where they are and have no idea if they will ever launch or what obstacles they have faced.

Regulatory is just an annoying and pretty large speed bump, but in no way is it a permanent barrier to entry for anyone with the time and money.

and again as I said above, Phil and his leadership team will join a long list of smart people new to regulated gaming who also grossly underestimated the time, costs and most annoyingly the focus suck of such things

Id be shocked if this was not one of if their primary focuses. If not, then yeah he's dumb. jk hes not dumb thus its India.

ok you had your fun, now please just go away because what you are saying is just BS and doubt you have any experience in that area else you wouldnt say something so stupid. sorry , gotta keep it real

I expect a massive marketing campaign before launch

I don't think there is another way

Literally holding my breath for it.

And crossing fingers

P.s you're gonna die soon

And by "literally" you mean figuratively. Perhaps even metaphorically.