Ahead of the curve=>Next step: Confiscation.

[eisanm]

I also made a cashout from Empire asap, and the money is already in my NeTeller account. I tried to cash out from eurobet but at that time the cashier wasn't working. By the time I could move my money from poker to sports, I was a bit calmer and I don't worry so much so I think I'll leave it there since I'm going to play on eurobet either way.

I'm not worried about my money at party. Even if I were I wouldn't cash it out right now since I'm not far from clearing a bonus, that would break my bonus.

So to sum it up, I'm not very worried, and I don't think EP would have taken my money had I left it.

[grinin]

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I have no idea how much they had to give back to Party before...but now they obviously get to keep more of it.

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Why would you think this?
I would think that their contract with Party has not changed. Party is still providing all the same services and therefore is still probably being compensated similarly.

[pyroponic]

You guys are so paranoid...the people who have $2,000 in Empire are more worried than the people that have $20,000 or more. The only thing i'm worried about is whether we'll get rakeback on Party...

[Guthrie]

I only left $1.50 at Empire so I'm not too worried.

[gila]

I got 80 cents at multi-poker.

[threeonefour]

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Haha I hope you're laughing as hard as I am. You're gonna give a bunch of your fellow zootians heart attacks.

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shouldn't it be zooligans

[jasonHoldEm]

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There is absolutely no chance the party skins will take player funds.[ QUOTE ]


Nothing and I mean Nothing is 100% certain. Always keep your exposure to a minimum. I do not feel safe when my money is in the bank either but still I keep some there...

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Hi Havana,

The point of my phrasing was to counteract the paranoia on the forum. Yes, nothing is certain, there is some very small percent chance (i.e. < 0.001%) something could happen, but for all intents and purposes your money is safe.

It's just frustrating to me the position some people are taking to promote the doom and gloom without thinking things over. Sure, things aren't as good for the skins as they were a week ago, but they are still making money. It's a setback for them, but it's not the end of the world by any stretch. They will take steps to bring in new players just like they were doing before this happened and just like before it happened it will continue to work.

Currently, there are over nine thousand people playing on the skins network (myself included), and I personally think those numbers will go up at least somewhat over the coming weeks as things stabilize. Those numbers put the skins network as a solid player in the industry (we essentially have a "big six" instead of a "big five" now...or perhaps a "big five and a half" depending on how you want to look at it). In addition, this network has two major sportsbooks attached to it which only helps to add to the network's stability/legitimacy.

Long story short, (unless things change drastically for the worse) the network is not going anywhere and player money is safe.

J

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It's times like this that you realise that Poker Stars is the best site around. They are the only Poker Site that ensures that always have enough funds to cover their clients cash balances - none of the others do - technically if everyone requested a cash out at the same time at a.n.other poker site would not be able to honour the agreements - I cam only guess as to what would happen next [img]/images/graemlins/frown.gif[/img]

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technically if everyone went to their bank and asked for their money at the same time...

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Yea, all that says to me is PokerStars really really really needs to hire a guy who's had a finance class before.

Pretty basic stuff.

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What are you saying here? That these businesses don't have an obligation to guarantee these deposits?

[OrianasDaad]

I have always been under the impression that placing money online in any offshore location was caveat emptor.

However, until the X-Party network's contracts with Party run out your money will be safe. While we may not be able to sue a skin for "taking the money and running", I'm certain that Party would.

[Sciolist]

If empire freeze cashouts they'll go bankrupt immediately. They're a publically listed company. I imagine Coral is too.