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09-21-2011 , 04:56 AM
Quote:
Originally Posted by harangutang
PartyRep:

Do you have any information or links regarding the safety of our money on Party? Financial risks eg. bankruptcy, corruption risks eg. ponzi scheme, etc.

You may have seen that as part of its on-going investigation into PokerStars, et. al. the US Department of Justice has accused Full Tilt Poker of using client funds for its own purposes. Aware that some players may be concerned that their money is safe with PartyPoker we wanted to reassure you that your funds are safe, secure and all yours. bwin.party has always met any legitimate withdrawal request from players and will continue to do so in the future.

As the world's largest publicly-traded online gaming company, we have a policy to never use client funds for any corporate purposes and to ensure that all time the Group has sufficient cash balances to repay customers on demand, as evidenced by the fact that when we exited the US market in 2006, we returned US players' funds quickly and efficiently. As disclosed in our latest financial results, at 30 June 2011 the Group had €183m of surplus cash, i.e. over and above those amounts held on behalf of our customers. Total net cash held by the Group at the same date was €297.1 million.

We operate with trusted payments in a safe and secure gaming environment and can assure you of the safety of your funds.

Last edited by Mike Haven; 09-22-2011 at 02:23 PM. Reason: As req by user
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09-21-2011 , 05:16 AM
Quote:
Originally Posted by jspill
Yeah this gibberish thing you get sometimes, even though you have 'remember me' selected, I get it too:



Just posting so PartyRep can see it's a confirmed bug
Please could you send me more details of the issue,your username, when did it start, does it happen at every login, what system / OS you are using, what other software you are running etc.

The issue is not happening for all players so we need to identify what specifically is causing it here.
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09-21-2011 , 08:04 AM
^I can't be assed, frankly, I don't expect your incompetent staff to fix it, like they haven't fixed any of a multitude of other bugs over the years. I used to like party and posted a bunch of helpful stuff ITT but the recent rake changes and cutting off of affilates are just so obnoxious... I intend to just finish up my bonuses and move to stars.
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09-21-2011 , 08:21 AM
The gibberish account name thing has been around ever since I can remember. At least 18 months. Probably much longer.
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09-21-2011 , 10:01 AM
Quote:
Originally Posted by ChuckNoriss
The gibberish account name thing has been around ever since I can remember. At least 18 months. Probably much longer.
Yeah, I had this for ages in my old XP installation and they did try and solve it for me (CS asked me to run using a custom DLL to dump a log while I logged in) but in the end it just fixed itself when I installed windows 7 last year (as did another problem of the "player country tooltip" not working when you hovered your mouse over names).

Juk
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09-21-2011 , 10:23 AM
Fwiw it's happened to me on xp and win7
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09-21-2011 , 11:01 AM
It happens to me on vista and win7...I would imagine somewhere between 5-10% of the time I log in..but tbh it's low down on the list of glitches.

How about having a sync break system for mtts where you actually get a break? If you grind MTT's on Party you NEVER get a 5min break. The sync should start within the first hr ie. if you start an MTT at 17:30 the first break is at 17:55 not 18:55 because players who grind MTTs play more than 1 tourney per hour and that means there are always tourneys running during every break period. The whole idea of a sync break is to ensure players get a break...at party you don't.

Interesting answer to the 'safe funds' question...that just tells us that at 30 June 2011 there were enough funds to cover player balances. It doesn't tell us what systems are in place to ensure this remains the case...e.g. segregated player balance accounts.
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09-21-2011 , 11:34 AM
Quote:
Originally Posted by mjm
How about having a sync break system for mtts where you actually get a break? If you grind MTT's on Party you NEVER get a 5min break. The sync should start within the first hr ie. if you start an MTT at 17:30 the first break is at 17:55 not 18:55 because players who grind MTTs play more than 1 tourney per hour and that means there are always tourneys running during every break period. The whole idea of a sync break is to ensure players get a break...at party you don't.
this
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09-21-2011 , 12:15 PM
Quote:
Originally Posted by jspill
Yeah this gibberish thing you get sometimes, even though you have 'remember me' selected, I get it too:



Just posting so PartyRep can see it's a confirmed bug
Quote:
Originally Posted by ChuckNoriss
The gibberish account name thing has been around ever since I can remember. At least 18 months. Probably much longer.
Quote:
Originally Posted by ChuckNoriss
Fwiw it's happened to me on xp and win7
Quote:
Originally Posted by mjm
It happens to me on vista and win7...I would imagine somewhere between 5-10% of the time I log in..but tbh it's low down on the list of glitches.

How about having a sync break system for mtts where you actually get a break? If you grind MTT's on Party you NEVER get a 5min break. The sync should start within the first hr ie. if you start an MTT at 17:30 the first break is at 17:55 not 18:55 because players who grind MTTs play more than 1 tourney per hour and that means there are always tourneys running during every break period. The whole idea of a sync break is to ensure players get a break...at party you don't.

Interesting answer to the 'safe funds' question...that just tells us that at 30 June 2011 there were enough funds to cover player balances. It doesn't tell us what systems are in place to ensure this remains the case...e.g. segregated player balance accounts.
^lots of +1's
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09-21-2011 , 03:34 PM
Quote:
Originally Posted by Party_Rep
You may have seen that as part of its on-going investigation into PokerStars, et. al. the US Department of Justice has accused Full Tilt Poker of using client funds for its own purposes. Aware that some players may be concerned that their money is safe with PartyPoker we want to reassure you.

As the world's largest publicly-traded online gaming company, we have rigorous financial controls and have always maintained sufficient financial resources to meet all of our obligations, as evidenced by the fact that when we exited the US market in 2006, we returned US players' funds quickly and efficiently. As disclosed in bwin.party digital entertainment plc's latest financial results, at 30 June 2011 the Group had €183m of surplus cash, i.e. over and above those amounts held on behalf of our customers. Total net cash held by the Group at the same date was €297.1 million.

We operate with trusted payments in a safe and secure gaming environment and can assure you of the safety of your funds.
Hi PartyRep,

Thank you for your response. The surplus cash is certainly a good thing. I understand that Party Gaming is audited by a 3rd party auditing firm, which is also comforting.

I echo the sentiments the poster above me - what specific practices are in place to ensure the safety of our money long-term?

What would happen to players in the event of Party going bankrupt? Where would our balances rank in terms of creditors?

Thanks.
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09-22-2011 , 04:17 AM
Is there allowed sharkscope and sharkscope hud on Party?
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09-22-2011 , 10:58 AM
Well the lowering of the micro-SNG rake certainly did it's job... There are exactly 10 Speed SNGs in the range 11s-55s running now (4pm UK time).

Juk
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09-22-2011 , 11:26 AM
Party_rep any timeline on adjusting the rake on mmtsngs?

You have speed level (5min) on 3$ 30 and 50 man
and normal level (10min) on 6$+ 20 and 50 man ?

Juk isn't that a good think in the longterm?
If party makes the right moves i expect more players to join, i'm wrong?
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09-22-2011 , 11:59 AM
Quote:
Originally Posted by keegoing
Juk isn't that a good think in the longterm?
If party makes the right moves i expect more players to join, i'm wrong?
It won't matter if you can't get enough games running to multitable. First it was the splitting of the pool into Normal and Speed, then it was split further with the introduction of DoNs and now this; all the while the site's overall SNG volume is dropping month by month.

I originally moved to Party in late 2006 because Pacific decided to spread far too many different game types and levels... If you can't even multitable effectively playing 4 different levels now then it's only a matter of time before multitablers will have to move.

I know few will agree with me, but I think all that these changes have done is accelerated the decline in player volume. IMO, Party should have realized they are becoming a smaller site and made some attempt to consolidate the playerpool before it's too late.

Juk
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09-22-2011 , 03:02 PM
Just how horrendous is the rake on Party?? Also, when you are the bottom level, roughly what rakeback do you get as a % (Points to cash).

Cheers
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09-22-2011 , 06:08 PM
Quote:
Originally Posted by jukofyork
It won't matter if you can't get enough games running to multitable. First it was the splitting of the pool into Normal and Speed, then it was split further with the introduction of DoNs and now this; all the while the site's overall SNG volume is dropping month by month.

I originally moved to Party in late 2006 because Pacific decided to spread far too many different game types and levels... If you can't even multitable effectively playing 4 different levels now then it's only a matter of time before multitablers will have to move.

I know few will agree with me, but I think all that these changes have done is accelerated the decline in player volume. IMO, Party should have realized they are becoming a smaller site and made some attempt to consolidate the playerpool before it's too late.

Juk
I agree with you for sure Juk - the games need to be starting up quicker than what they are at present and having 4 guys sitting at a turbo and 4 at a speed is not good - during off peak time it's a disaster, some guys will just leave.

But I also like the drop in rake and like the idea of nothing but speed (2,6,10,30 and 50 players). DON's meh, not a fan if it's not a huge site - very suprized they ever added them with their general philosophy.

I do think though that if there is more games starting quickly and less variety that more players will improve and move up.
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09-22-2011 , 07:13 PM
i hope the new promo does not count as the monthly promo cuz lol if so
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09-22-2011 , 09:28 PM
Quote:
Originally Posted by Martin Gale
Just how horrendous is the rake on Party?? Also, when you are the bottom level, roughly what rakeback do you get as a % (Points to cash).

Cheers
probably 20% more than FTP/Stars at SSNL, prob much higher than that at the micros. At the micros, the RB is worse than dog****, you will be playing for years to get 30%. What is actually achievable for you is like 10%.



PARTY, PLEASE FIX THIS GOD DAMN BUG WHERE IF THE BB JUMPS, IF YOU HAD SIT OUT NEXT BB YOU WILL GET SAT OUT INSTEAD OF POSTING YOUR SB. JESUS CHRIST IM ANNOYED WITH THIS.
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09-23-2011 , 10:05 AM
So this poker fest tourney series next month... which may or may not be october's only promo... not confirmed yet (hope there is something else for cash game players)

Quote:
Jackpot #3 - Win cash in any 10 Pokerfest tournaments = $5,000
In the fine print, which is hard to find:

Quote:
There are only one of each Pokerfest jackpots available. Jackpots will be awarded on a first come, first served basis based on the time (ET) the claim was received by PartyPoker.com
So in the situation where 2 or more players cash in the first 10 events, it would then be +EV to bust themselves immediately once in the money, to be the first to have 10 cashes, unless they were chipleader and stood to win more?

Quote:
To make a claim, players must send an email to [email protected] and confirm their account name
Or they continue playing and send an email while still in event 10, at the instant the money bubble is burst? And rely on support to know which was sent first?

Seems pretty silly
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09-23-2011 , 10:55 AM
Really really hope there is some other promotion than this. Surely?!
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09-23-2011 , 11:22 AM
Please party_poker rep. Dont forget your loyal cash game players.
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09-23-2011 , 11:41 AM
It's almost certainly not the only promo. I mean.. cmon! This will be another royal **** up if it is. I'm clutching at straws trying to find reasons to stay but this would just be another nail in the coffin.

No ***** way is this octobers promo!
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09-23-2011 , 12:03 PM
Quote:
Originally Posted by Do it Right
That's an extremely good point [that the change to weighted contributed could be a sign of financial troubles for Party Poker]. Right as Party starts to lose tons of players from Full Tilt they decide to try to massively increase their rake and swap to weighted contributed? That didn't seem to make much sense at the time and I just assumed corporate greed. But if upper management of Party Gaming (and not just Party Poker) set an ultimatum on the management of Party Poker to increase their profit margins or find a new job, it could explain a lot.

And from a corporate reporting stand point, its not exactly going to be encouraging to investors that Party gained nearly a 50% boost in poker traffic after Full Tilt went down, but then proceeded to lose it all and then some. Increasing the rake is a way for them to pretend they are doing well, at least in the short term.

If this theory is correct we should expect to see some incredibly mediocre promotions in the coming months. People in the Party thread were mentioning murmurs of Gladiator, one of the most valuable promotions there is, being next month's promo. If Party is truly trying to create a short term profit boost for their financials reporting, I think there's 0% chance they'd run Gladiator or any similarly valuable promotion.
Dated 11/9.
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09-23-2011 , 12:33 PM
Quote:
Originally Posted by ChuckNoriss
No ***** way is this octobers promo!
Haha this is what I'm telling myself too, but I have a sickening feeling it might be. They ran a monthly promo last year that was about as bad as this for cash players, where you could play a $5k freeroll with 10 min blinds every day for 5 points

@Do It Right Gladiator is supposed to be in November (as it was in 2010), not Oct, if it does go ahead... remains to be seen
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09-23-2011 , 03:31 PM
I wonder why there traffic has increased since the change.
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