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    Black Friday Coverage Part 6

    Posted by IamGreek April 16, 2011


    In this Black Friday coverage segment the panel is joined by Joe Tall, Brian Horton, NoahSD, and Peter Lubrano

    00.01 Panel starts with Marco, James “Mitch” Mitchell and Zac. Continuation of the 3 DOJ of New York indictments against Pokerstars (PS), FullTilt (FTP) and Absolute/UB for 3 billion and the 75 merchants whose accounts are frozen. Information is still coming out very slowly and panel pleads with listeners to call in or post any information they have.

    05:16 Thomas Walcott posts that pending cash outs from FTP are not happening.

    ESPN has removed all poker-related advertising.

    James believes that the sites will not go out of business but will be a massive force in five years in other countries. ESPN has removed all poker-related advertising. Everything up in the air right now.

    Brian Horton: PokerStars may be reaching out to players.

    15:00 Brian Horton from 2+2 joins the panel. He has heard that some PS Players have received emails but no one so far is coming forward to confirm this. Zac is pleased to hear that at least PS is trying to contact players because that is what the players are looking for–i.e. is our money safe and when will we get it?

    Where is the PPA on Black Friday?

    Discussion continues in response to a tweet/post from Thomas Walcott who asks “Has PPA achieved anything?” Horton says poker has no allies and just isn’t that important to most of the population of US. PPA is the only one fighting for us in any manner. Zac urges players to get involved in grassroots movement to legalize/regulate online poker and feels that PPA represents the sites, not necessarily the players. Horton replies that poker players are apathetic and should have bonded together when UIEGA was passed because “The writing was on the wall.”

    NoahSD

    35:50 NoahSD joins the panel. He says legislators don’t care about online poker because players are a small group and the sites are the ones with the money. He discusses failed efforts with the Reid Bill.

    Joe Tall: “Next three months look pretty dark.” Will brick-and-mortar industry now take over due to Black Friday?

    40:50 Joe Tall, CEO of deucescracked.com, joins the panel. “Next 3 months look pretty dark,” according to Tall. However, he is optimistic that players will get their money back. The panel discusses whether Caesars and MGM will use this opportunity to enter the online market. The brick and mortars previously felt that online poker would hurt their businesses, but window is now open for them pursue it “because the money won’t lie.” Tall says Bodog is still accepting customers. They discuss that one of Joe’s friends with Full Tilt Poker says the players funds are segregated, and Zac asks him how he can take that information at face value, and he says he can’t. Zac and Joe have a lively debate about whether indictments are because of poker but Joe says poker is not illegal. Money laundering and bank fraud is what the DOJ going after. “These guys did some bad things.”

    53:00 Armend calls in to say Durrrr is having a Twitter war with Beany (UB guy) regarding the fact that UB is still accepting customers and that it is a cash grab.

    PPA issues a Black Friday statement: “Declaration of war on US players.”

    Marco reads a statement by John Pappas from PPA which doesn’t say much other than they are working hard to get information. “A declaration of war on US poker players. Leaving them without a place to play a game they love.”

    One reason PS, FTP & AP/UB were on the radar is the sheer volume of e-checks and small deposits of $10-$50 which were hard to ignore by the banks.

    WhoJedi on the Black Friday impact on poker media and entertainment

    63:35 WhoJedi joins the panel for a discussion of the possible domino effect this will have on various aspects of the poker industry but also new opportunities presented.
    Live poker may flourish but since TV shows are going away, how does casual player stay interested? Joe Tall says it’s not going anywhere soon.

    What is a Wombat, with Pete Lubrano

    78:59 Pete Lubrano makes a more relaxed appearance to join the panel and talks about how he is kicking off his live career and discusses what wombats are with the panel. At the end of the segment he does a mini rant about “They took our jobs bro!”

    Dan Fleyshman foresees more Black Friday indictments. “The sky did fall.”

    89:10 Dan Fleyshman joins the panel and says “the sky did fall” He asserts that everything that is happening now is not about online poker but rather money laundering and bank fraud. He believes that the sites cannot win this argument and will probably settle because they still have European customers. He also believes that online poker is legal. Training sites should be okay, especially for live poker training.

    He believes there are more indictments to come. He is deciding what to do now regarding his site (Victory Poker). He was talking to the Cereus Network but there is no contract in place.

    He doesn’t want to “poke” at USA government. He does not want to take on new US players but is part of Cake Network (which is doing business as usual) and he is not comfortable with that situation. He explains how he cannot commit for the 100K tourney to players who qualified but that it “depends on where the cards fall.”

    Dan feels confident all players will be paid back, but it could take years. 75% of his business is concentrated overseas and that is where he will probably concentrate his efforts.

    John Campos is arrested due to Black Friday.

    Marco reads report that a bank executive of SunFirst Bank in St. George, Utah has been arrested for accepting a 10 million dollar bribe.

    Discussion continues regarding the trickledown effect and subscription sites being part of the future.

    Marco admits he’s been hitting on men all day and asks Dan if he thinks Marco is cute.

    142:30 Todd Wages joins the panel. He asks Dan about the 100K tourney he qualified for and questions Dan regarding the future of Victory Poker.

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