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[b]What Pokerstars & Players is and will be facing [/b]

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[b]What Pokerstars & Players is and will be facing [/b] - Sun Apr 17, 2011, 09:10 AM
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femson2000's Avatar
Since: Aug 2010
Posts: 70
Just some OF MY PERSONAL thoughts... this is not accurate or based on facts...

What is currently the state of Pokerstars as a business and the eventual effect to it's userbase.

When a player uses a credit card to deposit, the transaction is handled by a payment processor, which will then send a "billing statement" to the card issuer, and if there's no problem, the card issuer will pay the payment processor within a certain period of time (prolly 30 to 45 days) and then the payment processor will pay pokerstars (prolly after 3 to 5 business days) During these days of waiting, the player who made a sucessful deposit may have already lost his money to another player and this money he lost will be temporarily covered by pokerstars pending the actual receipt of payment, if the winning player decides to cash out.

So, if I'm correct, as to the actual turn-around of a deposit via a card, then even if pokerstars has the money to cover all the money upto february this year, it doesn't have the money to cover the deposits made between March 1 to April 15 (45 days) since this is for sure, currently frozen because of what happened.

Pokerstars will definitely be able to cover its obligations including those funds covered by March 1 to April 15 deposits, but will take some time. Considering that they are now facing a tremendous amount of bad account receivables.

Yes, the US market is huge... but I think it's just 1/4 or 1/3 of pokerstars revenues. Yes, there'll be tremendous losses, but pokerstars will definitely cover it given some time.

As with any business who lost a good chunk of it's customer base, loses are inevitable, but doesn't necessarily mean the DOWNFALL of the business.

Worst case scenario would be when you try to cash out let's say 1000USD, you might receive an email asking for your kind consideration, that they can only give you 750USD or 700USD out of the orginal 1000USD you have. blah blah blah...

I trust pokerstars, no matter what happens...

Last edited by femson2000; Sun Apr 17, 2011 at 09:30 AM..
 
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Sun Apr 17, 2011, 09:22 AM
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Mmmm Fish's Avatar
Since: Oct 2010
Posts: 705
BronzeStar
PokerStars is one of the strongest gaming companies on the planet and their user base is safe.

The big players in the gaming industry (brick and mortar) have all lost billions in the last year. PokerStars has made billions. They are the best site, with the best software and the best track record. They are very valuable.

My guess is the attendence for the WSOP will be down this year and that will be yet another financial let down for Vegas.
 
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Sun Apr 17, 2011, 12:34 PM
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fluffshark's Avatar
Since: Mar 2011
Posts: 5
BronzeStar
not to mention how many more people go to casinos to play poker because they started on a poker site, i would think the casinos need this going to get more and more players into their casinos. this is the only reason why pokerrooms sprung up in all the casinos. i hope every casino in america takes a dive in attendance in responce to this happening so maybe it comes back just that much faster. either that or some huge casino conglomerate buys out pokerstars and just pays off some of congress, that seems to be the way the government works now anyways.
 

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