[TruePoker CEO]

This is a fascinating time in our industry's development.

The larger sites have perhaps turned from working their former "market", selling services to poker players, as effectively as they have in the past, to instead restructure in pursuit of the public capital markets.

The tradeoff for Party, et cetera is a LOT of money NOW. Their risk is minimal, the capital markets are laying off their present risk by buying the perceived future revenue stream now.... that is what those markets do. Capitalism at work involves eliminating inefficiencies in the market for capital .... Do not read anything more into it. It has very little to do directly with providing services.

In order to embrace the public capital markets, some sites may actually HAVE TO adopt structures or practices which increase inefficiency in the very different market of providing services to players .... Why ? Because the capital markets are regulated differently and have certain inefficencies they will impose upon gaming operators.

Perhaps the trade-off is unavoidable for sites going public, but those folks did not get that big by making bad choices or choices not in their own interest ... The issue for people who do NOT own such sites is, are operating/marketing opportunities created by the choices these Major Actors are apparently making ?

..... and how can we, as an operator, and you all, as a self-selected group of entrepeneurs, who may or may not actually play poker, pick up those opportunties.

Truepoker CEO