Quote:
Originally Posted by bumpnrun
Knowing isn’t understanding. This is why PokerStars is demonised around here even though almost everything they do makes perfect business sense to the few people around here with any business acumen.
Phil might know poker, but he doesn’t know business, so he is going to set money on fire. Hopefully for him he has some kind of stop loss in mind
You're right, everything they do does indeed make perfect business sense.
That doesn't mean poker players shouldn't demonize them for it. They turned a legitimate poker site into poker-themed casino games that are unbeatable rake-traps.
The issue is they are still marketing it as poker and selling "the dream" of being able to run it up, which is just no longer a possibility in the majority of their game formats. There's clearly a market for these "fun" type of games, but call it what it is, and not poker. They're obviously making more by catering to these people instead of to the poker environment as a whole (and pro's as well).
That being said, I do think the vast majority of poker players anger towards poker stars is rooted in self interest rather than logic. Pokerstars doesn't owe anybody anything, they're here to make money and it sucks that their interests don't align with mine -- but it is what it is.