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 Originally Posted by BennyLaRue
I guess this is where we differ. I've never understood why people feel it's a realistic scenario that an investor will swoop in and contribute funds to pay debts that were effectively borrowed in order to burn. What would this individual be buying? Certainly not a brand; it was seriously tarnished even before this. Not a player pool...a not-insignificant percentage of FTP players are just interested in getting their cash and moving it somewhere else or getting out of poker altogether until rosier times. There are no other assets to speak of.
Brand still has value to the fish (the people who really matter.) That's still got to be worth a few million. You could bring in someone to clean up the credibility problem (like Lee Jones.)
I would estimate the cost of getting a poker platform up from scratch hiring in Silicon Valley to be under 10 million, maybe even under 5 million. The hardest part by far is the payment platform and security end of it, even with the full cooperation of US banks.
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