WPT statement

Talking Poker · #1 10-05-06, 06:13 PM

Again, I'm not disagreeing with any of this. I think the WPT will greatly suffer from this recent legislation.

But I also can't blame them for making the statement they made. Can you imagine what would happen to their stock if they said the sky was falling? OF COURSE they need to be as "positive" as possible.

2Tone · #2 10-05-06, 07:03 PM

Right.

I’m sure the WPT’s actual sentiment is the exact opposite of this statement. Anything that reduces interest/activity in poker obviously hurts them. More specifically, the fields for their events will get smaller as a result of fewer internet qualifiers, and the many large advertisers on their programs are the dot.net sites.

But they are publicly-traded US-based company. It would do them no good to come out strongly against recently passed legislation. That would only highlight negative impact of this legislation on their business to Wall Street.

Unlike, say, Daniel Negreanu, who is free to call Frist a ‘douche bag’

Talking Poker · #3 10-06-06, 12:01 AM

Agreed.

That said - WPTOnline (or whatever it is) hasn't accepted U.S. players from the start, so, the new legislation helps even out the playing field for their online site, at least as far as overseas players are concerned. When a site like Party poker may have been a lot more attractive to Joe Blow from Germany last week, now WPTOnline is going to look (almost) as good.