This month's hot topic. Since it's easier to post my opinion only one time, I will do it here:
We should stick to the facts. Tiltware Inc, RedKings Ltd etc etc etc have been former legal entities which managed the brand FullTiltPoker and all its contracts (like affiliation contracts). There are 2 main forms of mergers and acquisitions. I don't know the deals' details, but we have to assume Rational Entertainment Enterprises Limited (Stars) only bought a few assets and didn't buy all the legal entities aka singular succession. One part of the deal was to pay back player's bankrolls. But it seems like the affiliation contracts haven't been part (and obv for good business reasons we have to assume). FTPnew will save more money not working with affiliates (or under different terms from Q2 2013+) than they gain from it, it's mostly a bigger math example to solve.
Yes, the brand FullTiltPoker and the software is the same, but nothing else. They could have offered the same affiliation program, or even a new one or - like they do now - none. Seems absolutely legit to me.
If there is anybody to blame, it's Tiltware Inc, RedKings Ltd and all the other companies involved in this huge mess and all the managers involved! Not the company on the Isle of Man though that just made a strategic investment. Definitely thrilling times for lawyers on both Rational and PStrategy side. I would love to read the term sheets of the initial deal, but I'm afraid nobody is going to show me. For personal benefits as a player, I hope Pokerstrategy finds a little hole in the legal sheets and we get our rake races, points and Rb back - I highly doubt it though. As for Rakeback, isn't that even more complicated since players tracked through Pokerstrategy have a contract with Pokerstrategy regarding the monthly RB payments? This money has never been paid by FTP, but by PS .... So a player cannot claim RB from FTP but only from Pokerstrategy's part of their affiliation commission. But since this commission doesn't get paid anymore, we are fu**ed.
Ofc it hurts us as players. FTP and PP have always been my main sites. It's likely I will play mostly FTP next months, so I lose all monthly points and all BlackMemberParties
Ofc it hurts PokerStrategy since a huge revenue stream is gone. However, what's the point in whining? Mindset anyone? We have to deal with a new situation imo. As far as I am concerned, I have a choice to make. I can get my money back and don't have to play a single hand on their site if I feel treated in an unfair way. Nobody has to play on FTP. Im glad I get my moniez back, but it's not my right to tell this company to give me e.g. 48% flat RB just because it would be nice or 27% just because "it's always been that way". It doesn't matter what has been, it only matters what will be. From reading the news and the forums (english and german) it feels like everyone is just complaining. That's not how winning is done, ask Rocky!! Why are we not looking how to make the very best out of this new situation? Isn't that what a poker school should teach us? Yes we have (all) been put into unfavorable situations ... so what? I'm definitely not wasting my time crying. Everyone should just make the best out of it and keep the complaints low. Especially since we don't know details how it will all develop in the mid-term.
I really hope Party.Bwin/Zynga/Ipoker will form a strong entity one day. Otherwise Rational Entertainment will control the entire Poker market one day. There are probably worse poker-world-dominators out there (e.g. former FTP board of directors) but a monopoly can never be beneficial for the majority of the market participants.
The moral of the post: we should look for solutions, not flame! One solution can be to cashout and play on other sites, one can be to just write e-mails to support@ftp and one can be to not play on Stars anymore (as it would also hurt the mother company). Or we just choose to not care and continue playing on FTP since they will offer a pretty good service I assume. Solutions > Problems imo!