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    Randall Kasper & Eugene Castro from Poker Players International | QuadJacks Poker Radio Thursday August 4th

    Posted by Quad Jacks August 9, 2011

    Our friends from Poker Players International join the show to talk about what it is like being a agent post Black Friday, and how 100% of the clients they represent are no longer with any American facing online rooms.


    Right click save as to download

    Cliff notes

    Randall: PPI is the world’s largest poker agency and marketing company. Gene is the co-founder.

    R: PPI ceased doing deals with US players for US-facing sites since Black Friday.

    R: The thing player’s usually don’t understand in any sport, is that when you’re a “free agent”, if they want you they’ll find you.

    R: PPI has many more players represented post-BF. Before BF, a couple hundred were represented.

    R: When first read criminal complaint, it looked very narrow/specific. However, civil complaint was very broad. Gene said it was very serious.

    Gene: Was talking to Jack Effel when news came down. Shocking news, but not terribly surprising.

    G: At that time, Randy was negotiating big contracts for big players for some US-facing sites. Felt it was only proper to advise the players that it could be detrimental to their brand long-term.

    G: Decided to back off and wait. Patience will end up being most important thing for players, and may end up with better deals after US legislation.

    R: Dissuaded players from taking any equity shares of online sites. Was painful at the time, but at the end of the day happy with the decision.

    G: In 30 days following BF, PPI suffered a 6-figure loss.

    G: In prior days, had no less than 3 opportunities to open own poker sites. Didn’t seem like a prudent thing to do.

    R: Knew the WSOP would be gone in terms of patch deals. A significant revenue stream was taken away.

    R: Since BF, focus has been on non-US players and opportunities for them.

    R: Still work with US players, but don’t negotiate with US-facing sites. It’s not the most profitable revenue stream, but it builds equity for clients. Gearing up for US legislation, controlling social media, monetizing the brand.

    R: Will not work with US-facing sites for US clients. Have informed clients of the pros/cons of it.

    R: US players are free to pursue that on their own, and PPI will advise them on their position.

    G: Thought more might be coming down the pipeline a few months ago in regards to US legislation. Still hopeful.

    G: One might think that economic downturn would help the situation, since online poker is a revenue stream, but it may sidetrack politicians.

    G: The sooner US legislation comes, the more “right” PPI will have been for its conservative stance.

    G: It’s not the most lucrative thing to be a pro for US-facing sites right now.

    G: When you look at the number of people playing online who had the trepidation of whether it’s legal or illegal… lots of people played live $10k events and didn’t feel comfortable playing online. With US legislation, online playerbase could increase 50%.

    G: If legislation comes within the year, we’ll all be happy this happened. Especially if FTP players get their money back.

    R: FTP gave red pros a choice. Could extend deals, but obligations shift to playing more live events. Don’t believe any PPI clients accepted.

    R: Would encourage red pro clients strongly to speak out.

    G: Policy of silence was selfish and reprehensible. Surprised how few people have come out and made a statement.

    G: Don’t want to see FTP get punished until everyone gets paid. Every day that passes reduces chances that players get paid.

    R: Players are recommended to control their own content. Get your own sites, social media, etc. FTP was very good at taking control of those things. PPI is advising clients to not let it happen.

    R: Cheong and Racener declined modified deals (in light of BF) with FTP. Not aware of any public statement has been made.

    G: There’s a far cry from a player that quietly stops wearing patch and supporting company, and a piece of trash that continues to do so and sits next to a friend with half his networth frozen online.

    G: There should be some kind of communication officer from FTP, if only to say at least “Sorry we can’t say more”. To give absolute disregard and say nothing boggles the mind.

    R: There was a big internal dispute between the marketing department and the legal department at FTP, in regards to silence policy.

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