- Red Chests Dropped

- A couple of New Chests Added (Black Chest)

- Blue Chest has a fixed prize of $/€0.50

- Chests now award 3x times more prizes than before but now a lot harder to earn

- Players no longer required to earn 4 chests in a day to move to a higher chest.



More details here: https://pokerfuse.com/news/poker-roo...aunched-italy/

im so excited

HYPE

Still with the chests? Isn't the loot box fad over with? I can't imagine people still get excited over imaginary treasure chests when every video game has had them for the last 5 years or so.

Stars should be doing everything that Phil Galfond's site is doing: Ban huds, anonymous tables, "seat me" for all cash games, fixed buy ins for games. And come up with a better rakeback system, whether it's the splash the pot thing or something else.

I guess this is something what people might be interested from post: (But again who cares about non existent stars rakeback nowadays)

So it goes from 4% to 12% rakeback or something?

says it's harder to earn so I assume that rakeback is the same

These big flashy changes are usually done to hide the fact that rewards have decreased. This is a classic tactic used by most companies.

Never take something like this at face value - always check the small print.

Ah, i see. Make sense.

0 x 3 still = zero :P

sweet so we get way less chests for a bit more rewards sounds great stars

what is our RB now? 1% instead of 3%?

This prolly just means you need to rake more to get a bigger price but the % you get back is still 0-5. And they probably expire way faster so most of the microgrinders gonna have hard time opening them.

EXCITING TIMES.



for Party & others to take even more AmayaStars vanishing w speed of light annual volume.

what are the odds there will ever be a 15-20% rb on Amaya in the next few years before it goes bankrupt?

Close to 10000 is my guess. If you really think that amaya goes bankrupt in the next let's say five years would love to hear the reasoning behind this. They allready pull more money in from casino ja betting imo.

Amaya has no clue. If they were any good at all they would have 100% of the online poker market.

How they haven't totally wiped out their competition is beyond me.

They've just been living off the co tails off Mark Scheinberg.

No, they don't, ainec. They have big uptrend in those segments but they are still very far from the poker numbers, which on the other hand are in constant double digit decline year over year. It's all in their annual report.

I'd say, given how leveraged they are and how roadblocked they look in the US market, there is a pretty good chance they'll go underwater in the next 5 years.

The market feels the same way. Stock price is under constant pressure since the acquisition of Sky and further decline seems inevitable.

Yeah they are not going underwater in the next five years. Even if they somehow manage to lose majority of the players from poker to other sites casino and betting will keep them in the business. And it's very very very unlikely that some other site will bypass amaya in poker in the next five years. People are so used to play there because the client is superior compared to basically any other site and even after allmost removing the rb people wont leave.

Wrong.

"The company’s ongoing transformation is most evident in its product mix. Poker accounted for 35% of TSG’s overall revenue last year. Betting claimed a 32% share, while casino wasn’t far back with 30%."

Weeeeee, what awesome news!!!! The frequency of getting butt-plugged gets reduced from 2-3 times a day to something like every 2nd day….makes me almost wanna play on Stars again, almost.

Online poker grew 1.1% in 2018, and 3.7% in 2017.

Both are right really. It depends on what you look at (I'm sure you know this, but it's worth pointing out): In terms of their international/legacy business (which is everything they had a year ago before all their acquisitions - so pokerstars, pokerstars casino, betstars), then poker is about 2/3rds of their business. I imagine that's what antchev was talking about, and it's a valid perspective to have (as it stands the three businesses are fairly distinct)

If you include everything they have acquired in the last year (SBG, Australia businesses), then they have the mix you quote.


In fact, if you look at just Q4, then TSG made more money from sports betting than poker for the first time in the company's history.

Looks like there are a lot of people long on TSG itt.

I don't know where you get your numbers from. I prefer using official documents.



You both conveniently left out that they took on an additional huge debt in the Sky acquisition to achieve this and now are close to $7 bln. in debt. And TSG market cap is $4.66bln. as of today.

Stop reading PR statements, start reading and understanding financial reports. Like I said, it's all in there.

I don't hold a position on TSG. I declare this.

Me too.

You quote their Q4 2018 results. Indeed, poker was down 10% yoy (much less on cc, fwiw).

Now, let's remind ourselves what you said a few posts up (emphasis mine)

So, you specifically mention a "constant" trend, not a single quarterly result. So I responded to that and corrected your error.

We can go through the numbers together. Let's look at the rest of the year: Q3 was -3.9% (slightly positive on cc), Q2 +6.9%, Q1 +12.4% (both much less cc. In fact, it was a pretty dull year on a constant currency, they suffered some big fx swings).

For the year as a whole, it was +1.1%, as I mention. $886 to $877 million. You'll find that in the document you are quoting. Either you haven't read the document, or you're purposefully cherry picking.


edit: actually just seen that you can see this number on literally the next slide of the deck.


Full year 2016 to 2017, growth was 3.7%. (from $846 million). As mentioned. So online poker has grow about 5% over the last two years.

In fact, you have cherry picked the only quarterly double-digit decline in 12 quarters to make the argument of constant double digit decline.

Now, if you'd like to talk about the reasons for the Q4 drop, we can do that too.

I didn't conveniently leave out anything. You seem to be assuming that I'm constructing some argument. I'm not. I'm just correcting a couple of inaccuracies in this thread.

In this case, I was actually correcting (or perhaps, adding some context/colour) to someone responding to you, pointing out that much of their non-poker growth in 2018 has been inorganic.

Sounds like you have an axe to grind, but you've picked on the wrong person to try and argue with.

So just to be clear, my day to day job is reading and understanding financial reports, and writing about them.

I know you're very experienced in finances, much more than me, and you're probably correct in most of your statements.

I'm here just to troll, like everyone else. Isn't this what 2+2 is all about in 2019? I've been away for a while...

But that doesn't change the fact that TSG is over leveraged and they are basically gambling that sports betting will be a thing again in the US in the next 5 years. I say there is a pretty good chance that it won't.

The old "get called out on your bull**** so claim you were trolling the whole time" defense.

This probably isn't the right thread but did anyone else from the UK get this? Does it mean anything good/bad?

I'm not from uk but it means you are playing under a different gaming licence. Basically nothing changes.