re: Poker & Amaya CEO David Baazov Charged with Insider Trading: How will this affect PokerStars?
Originally Posted by BigJamo
Seems like these guys havent learnt anything from past events.
Heres hoping that pokerstars dont take the fall for this.
This didn't undermine the game, or the integrity of the game that PS has shown over the years, but it does undermine their efforts to expand because the guy who gets credit for, and takes the falls for running the game is now suspect.
The best thing that can happen is for this to move rapidly, one way or another, to a conclusion. But the layers involved won't do that. They will delay and delay and delay, on both sides, till the whole thing falls completely out of the realm of being newsworthy.
The one thing I fault Stars for after Black Friday is not forcing the issue and demanding rapid legal conclusions of the 'crimes' it (and others) were accused of. By avoiding the courts, Stars helped muddy the legal landscape involved.
But it still breaks my heart. I can foresee the downstream BS this will cause, and for the most part it means nothing on the OLP front will advance.
While the Stars name might still mean quality in the OLP world, it loses credibility as a business that can be trusted.
Or maybe not! Many other brands get caught up in Corporate Raiding. Usually it is some rich guy buying a company that owns a brand, and his only idea is to break that company apart for profit. The brand doesn't suffer much if any. That usually happens with diversified companies.
There are tons of products we all trust that are owned by folks (individuals and companies) we would we not think of as upstanding.