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Old 06-07-2005, 04:33 AM
daveymck daveymck is offline
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Join Date: Nov 2003
Posts: 388
Default Re: What\'s to stop someone from setting up a non-profit online poker site?

[ QUOTE ]
Basically a bunch of poker enthusists who are tech savy get together, and they charge enough rake to pay for the servers, bandwidth, and employees necessary to support the site but no more, aka a non-profit online poker site. The rake would be ultra ultra small or it could be a normal rake and they would refund everyone's account with the excess $$$ say each month after expenses were paid.

Eh?

[/ QUOTE ]

You need the servers, employess etc etc up front so investment is the first problem who is going to invest in a business that is planning to make no profit. I think a lot on here underestimate how much time and money it would cost to launch a big internet business, there are the costs of developing the software, website and support structures then advertising as well and thats all before you have any income stream, and with wages and staff trianing etc you are going to have to be prepared for losses for a number of months.

To do it you would have to make a charge whether a small rake, monthly fee or rebate less deductions whatever for a rakefree site to work it needs to have a profitmaking mentality.
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