Friday, June 13, 2014

PokerStars Owners Bought Out!



There's something big going on in the realm of Internet poker. Investors are dropping damn near 5 billion dollars to acquire the rights to the biggest and baddest Internet poker site.

http://www.newswire.ca/en/story/1372281/amaya-agrees-to-acquire-rational-group-owner-of-pokerstars-and-full-tilt-poker-for-4-9-billion

Normally real human beings invest in something they can expect to make a financial gain on. Amaya is buying into a site that doesn't even remotely have a speck of humanity in it. 5 billion dollars gets you a player base where the ultimate level - the Chrome Star decides that playing for an hour on a meaningless free money game is the thing to do. 5 billion gets you a player base where nobody talks to each other. They just raise irrationally. 5 billion dollars gets you the famous Miss Piggy incident that is so statistically unreal it boggles the mind. 5 billion dollars gets you a player base where sitting out is tactically a great option.

In my last twenty five years of life I've discovered that I really hate being lied to. Insult my intelligence and I get kinda feisty. Scientology PR is atrocious. SeaWorld PR is atrocious. Instead of a real, major corporate transaction this just reeks of Internet poker bad PR. The biggest mistake in the buy out article is the claim that maybe this change in ownership will let the US Justice Department let US players return to playing for free money.

Not on my watch. And I am watching you PS. Let's see if you do something stupid like mismatched soccer flags vs. your claimed country of origin. It's happened before, it will surely happen again.

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