Stand back

Oct. 14th, 2005 07:43 am
peterbirks: (Default)
[personal profile] peterbirks
From today's Bloomberg:

(Bloomberg) -- St. Elias Mines Ltd., a Canadian gold-exploration company whose stock has fallen almost 60 percent in the past six weeks, issued a statement threatening to identify and sue people who, it says, post defamatory comments on the Internet.

Scumbags. E-mail these people now. Tell them what you think.

So, here we go, this is what I think is going to happen in the next few weeks in the online poker world. If anyone at Empire, Party, Noble Poker, Prima, Eurobet, Intertops or Expekt wants to take legal action, well, I'll see you in court, you besuited jobsworth nobodies.

Empire is going to pull its players off the Party Gaming network, leaving Eurobet customers even more lonely. It will migrate its customers to the Noble Poker software system. Meanwhile, Expekt is going to quit the Prima network and join Noble. This will have some impact on Prima in that Expekt has a large number of Scandinavian fish crossover players as Betfair used to have before the multi-table grinders destroyed them at all levels above $1-$2.

This could have some plusses for Empire (in case anyone thinks of having a dabble at 80p or thereabouts). Still offering rakeback, good deposit bonuses and a supply of Nordic recreational players should bring back some serious multi-tablers, which boosts the rake, at least in the short term. Whether it's good news for Expekt I am not so sure. But, hell, it's their call.

Party is maintaining its player action. Looks like most players will accept the reduced bonus system. There were fewer multi-tablers around last night than there had been in weeks before. I suspect that these guys were marginal losers without the rakeback.

What will be interesting to see is how the sub-humans running the Party system adapt their bonus offers depending on whether or not you reach your "target". The guess is that they will ease it upwards, offering a bit more cash for a bit more play. I would like someone at the next Party Gaming press conference to ask CEO from hell Richard Segal how this ties in with encouraging "responsible gambling" (plus, of course, the Blackjack and Sidebet bars).

I really hope everything blows up in Segal's face. OK, the founders have taken the "fuck you" money, but this CEO looks like a suited marketing horror. I don't think he has an ounce of online gambling in his body. Every player is a prospect with potential earn, a bit like sales per square feet. Seeing people like that fail is always a pleasure.


I await the lawyers' notes with interest. But I can tell you the reply now, fuckheads.

Screw you.

Elsewhere, Betfair is going to postpone its IPO until it can show some (hopefully) sparkling figures after next year's World Cup. Explanation? The anticipated super-revenue from online poker has vanished in a puff of smoke as nearly all the new players who moved to the poker tables from Betfair got destroyed. This left less money in these players' Betfair accounts. Which meant less money for the broker (Betfair) on ordinary trades. Bummer, huh?


Pete
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