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Poker Discussion
General Poker
Tony G interview about FullTilt and Phil Ivey.
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[QUOTE="PlayedYou73, post: 1751966, member: 40974"] This isn't exactly a publicly traded company with 'shareholders' as you describe it. It certainly does have a small group of people in it that are owners/shareholders, but nothing to the scale of a publicly traded company. An excellent piece of software and tournament structure does very little good if players cannot have confidence in the ability of the site to pay out in a timely fashion. It'd be like being on the Titanic, a fine looking ship, with great amenities, if you ignore the hole in the hull which is causing it to slowly sink. Their "loyal" customer base has been cut significantly since 'black friday' with the loss of their entire USA player base, which for full tilt, was a sizeable amount of their business. As for the rest of it, Poker Scout, which tracks online poker 'traffic', has shown that Full Tilt has had a 35% drop in traffic overall, and has been losing traffic every week for four weeks straight. Last week alone they lost 7% of their traffic, and this will probably accelerate or at least continue as their inability to pay players causes other players to lose confidence in the site. They can't continue to lose 3%-7% of their customer base every week like they have been doing, and keep offering the guarantees,rakeback, and other bonuses that they have been offering. That simply isn't sustainable. [/QUOTE]
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