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Date: 01 Dec 2006 06:07:49
From: Bill Ricardi
Subject: Job losses exaggerated due to huge online poker merger: Tribeca selling to Playtech.
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The rumors of Tribeca letting go of 30 percent of their staff were
denied by a company spokesman yesterday, who claimed it was a handful
of layoffs due to project cancellation.
The Tribeca spokesman said: "We certainly have not released anyone from
the UK. I believe we have released a couple of development engineers
who were working on future projects. These were some light-weight
functionality projects that were terminated by us. It is certainly
nothing like 30 percent of our staff. All the customer support staff
are still in place for a smooth transition of the European facing
accounts to the Playtech platform."
For those not following this: A couple weeks ago, Tribeca announced
that they would transfer all assets available to them over to the
Playtech network (which excluseds U.S. players). A whole lot of
regional poker rooms are going to become Playtech rooms at the end of
May / early June.
I say 'available to them' because Doyle's Room and Golden Palace have
both chosen to continue to deal with U.S. players, and won't be part of
the deal. Their software license status is being worked out.
Keep an eye out for more on this. It's one of those things that's more
important than it sounds, because so many players have no idea what the
software companies behind poker rooms are even named, forget about
their goings-on. Playtech is about to become one of the biggest poker
software provider / online poker room builder in the world.
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Date: 01 Dec 2006 08:30:32
From: Batman
Subject: Re: Job losses exaggerated due to huge online poker merger: Tribeca selling to Playtech.
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Does it make sense for companies to run away from a US law that is
going to prove to be virtually unenforceable?
Mike
Writer, http://www.pokerallstar.com
Owner, http://games.groups.yahoo.com/group/SoCalPoker/
Co-Owner, Pokerholics, the #1 Poker Group on Yahoo!!!
Owner, http://VirtualPaintings.tk
Bill Ricardi wrote:
> The rumors of Tribeca letting go of 30 percent of their staff were
> denied by a company spokesman yesterday, who claimed it was a handful
> of layoffs due to project cancellation.
>
> The Tribeca spokesman said: "We certainly have not released anyone from
> the UK. I believe we have released a couple of development engineers
> who were working on future projects. These were some light-weight
> functionality projects that were terminated by us. It is certainly
> nothing like 30 percent of our staff. All the customer support staff
> are still in place for a smooth transition of the European facing
> accounts to the Playtech platform."
>
>
> For those not following this: A couple weeks ago, Tribeca announced
> that they would transfer all assets available to them over to the
> Playtech network (which excluseds U.S. players). A whole lot of
> regional poker rooms are going to become Playtech rooms at the end of
> May / early June.
>
> I say 'available to them' because Doyle's Room and Golden Palace have
> both chosen to continue to deal with U.S. players, and won't be part of
> the deal. Their software license status is being worked out.
>
>
> Keep an eye out for more on this. It's one of those things that's more
> important than it sounds, because so many players have no idea what the
> software companies behind poker rooms are even named, forget about
> their goings-on. Playtech is about to become one of the biggest poker
> software provider / online poker room builder in the world.
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Date: 01 Dec 2006 12:13:11
From: Bill Ricardi
Subject: Re: Job losses exaggerated due to huge online poker merger: Tribeca selling to Playtech.
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Batman wrote:
> Does it make sense for companies to run away from a US law that is
> going to prove to be virtually unenforceable?
Dunno. If I were in charge, I would remain open to U.S. players and
challenge the laws in every possible manner. But the company who does
that are going to be spending all of their profits on legal fees and
spin-doctoring. It makes more medium-term financial sense to let
someone else fight the battle.
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