I understand your point. I have nothing intrinsically against small, new sites. I play on a few and have no issues.
Perhaps you didn't read the emails closely - here, in my view is the problem. Number 1, trust is reciprocal - I can't accept that an entity can trust me only if I can "prove" my identity and worth and I can't use the same criteria to determine their legitimacy as they would use to determine mine. When money exchanges
hands I want to be sure that those who I give my money and time can actually reciprocate in kind when the time comes.
No really legitimate company will advertise an association with an internationally, well known, legitimate company for any other reason than thinking they won't be caught and that they can gain (steal) "authenticity by association" when they are not in fact legitimate.
No company can require proof of my bank account, Id etc. while having no way to pay me (remember the RossoPoker rep said herself that they DO NOT have a method for depositing or paying US players - her own words).
An "intention" to pay me is completely worthless when FIRST having no mechanism in place to
actually pay me. Even if they do intend to pay, which any reasonable person would doubt from the facts, the intent without method to execute is as worthless as lack of intent with a legitimate processor on board.
Few "deep pocket", legitimate investors would knowingly buy into such a
scheme and that is exactly what it is.
I became aware because of all kind of advertising floating around about thousand dollar freerolls and mention of little else. A cursory review of their website revealed a lack of intent to make good on their obligations and associations with known, legitimate companies that simply do not exist and/or on the surface appear shady.
Of course anyone can say what they like, play or deposit at any site they wish. I would not recommend or place a single cent with a site that fakes business associates (read the Price Coopers email above) and admittedly has no way to pay me read their FAQs (whether I deposit or not) if I win these "come on" freerolls and are in a "governing body" claimed to provide security for members that does not respond to inquiry, has no open method of contact, no meaningful licensing rules and for all appearances seems to be an offshore "incorporation mill".
I think the premise of your argument valid with a legitimate, businesslike site, with visible, concrete intention to conduct business in the right way. Certainly you must be aware of recent sites who have did this very thing and vanished with players hard won and deposited funds.
In this environment I think it wise to deal carefully with your money. In the U.S., the Congress could clamp down and all funds could be with held from companies capable and willing to pay - that has happened too. What can be the motive or intent of anyone who suggests in this climate don't worry, ignore the facts, trust strangers with your money and don't use basic common sense to protect yourself. I'm suspicious of anyone who would suggest such an unwise way to conduct yourself in any environment, let alone this one.
I still say play at your own risk and RossoPoker is the worst risk I've seen lately. Oh yes there is another new site offering !0,000 freerolls. I WISH I HAD MORE TIME!!!!
Merlin333
p.s. please note that they have not yet responded to the question of whether or not they have signed up with a processor to make real their intent to actually pay their obligations.
