Just a thought

J

jamesroberts

"Unheralded Amateur"
Silver Member
I may be way off base here but I'm gonna throw it out there anyway.
Today the US Senate banned banks and credit card companies from processin payments to online gamblers.
Listening to KT talk at the previous meetings,I got the idea that he is really counting on online gambling on the IPT to spur interest in the sport.
I wonder if online gaming in serious jeopardy if that will affect Stanley Ho buying part of the IPT,as of right now I dont know if just good pool is enough to sustain the IPT.
I am as hopeful as anyone that the IPT succeeds
again just a thought
 
<<I wonder if online gaming in serious jeopardy if that will affect Stanley Ho buying part of the IPT,as of right now I dont know if just good pool is enough to sustain the IPT.>>

I seriously doubt that James. Mr. Ho has owed many if not most of the land-based casinos in Macau and has since the mid 1960s. He may be involved in on-line gaming although I doubt it and for sure, that is not where he made his first few billions.

In fact, most of the land-based casino operators HATE on-line gaming because it bleeds off their revenue.

But one of the MANY reasons I doubt the entire Ho rumor is that Mr. Ho has been engaged in an ULTRA high stakes battle with U.S. casino interests, including the lengendary Steve Wynn who are opening massive new casino projects in Macao in the wake of the end of the 40+ year monopoly that has existed there.

Mr. Ho is complaining publicly and bitterly about the U.S. "invasion" and is imploring the Beijing government to intercede. Without question, Ho's casinos make more in a SINGLE NIGHT than the IPT could DREAM of earning in a year and it would be uttler silly for Ho to take his eye off the ball so to speak when his REAL business is being severely attacked for the first time in 4 decades.

The other literally silly aspect of the Ho rumor is the absurd price tag of $150 million. The IPT has no assets except the videos of the events and Accu-Stats has a library of at least 100 times the hours of footage now owened by the IPT. Other than that, there is not much to sell and for ONE TENTH of the rumored price, Mr. Ho could start a new league from scratch and quickly make it one the THE major tours in the world.

But as noted above, Mr. Ho's company likely makes a few million PER NIGHT from his casinos and he doesn't have to leave is office in Macao. This sale...at least to Ho, makes a total of zero sense or CENTS...your choice. (-:
Regards,
Jim

Just IMHO.
Regards,
Jim
 
Jim wrote;
I seriously doubt that James. Mr. Ho has owed many if not most of the land-based casinos in Macau and has since the mid 1960s.


I hope you meant 'owned' .....
Doug
 
yeah i totally agree with your points. not many people know about macau and how profitable the casinos are there,way more profitable than anything in vegas.Which is why I was wondering why Mr Ho would wanna buy the IPT,I mean its not really established.
If Mr Ho wanted to start a rival tour tomorrow and and offered slightly higher payouts I think most players would switch teams in a heartbeat.

Which is why I was thinking as to what reason ho would be investing in the IPT...the only thing I could come up with is online gambling aspect
 
I don't know how it works in other countries, but in the US, it is often beneficial for businesses to diversify. If you were in the gambling business and had billions, owning a sport franchise might make perfect sense. You might even like the fact that it is not profitable. There are certain tax advantages to owning a business that costs money to operate, just as there are advantages to giving money away to charity.

On the other hand, those who have a lot of money like to have their "toys". Very few businesses can cost-justify owning private jets, but many do. How about those luxury yachts that so many own? Do you think it's profitable to own one? Highly unlikely. They own them because they want to own them, and because they can. None of us has the slightest clue what might motivate someone like Mr. Ho to be interested in a venture such as the IPT. Every one of us spends money on things that we don't need, and that logically, make absolutely no sense. People like Mr. Ho are in a position to do the same thing, but on a larger scale.

We can speculate about what makes sense, or what might be the reason behind this whole situation, but there is only one person who really knows.

Steve
 
av84fun said:
<<I wonder if online gaming in serious jeopardy if that will affect Stanley Ho buying part of the IPT,as of right now I dont know if just good pool is enough to sustain the IPT.>>

I seriously doubt that James. Mr. Ho has owed many if not most of the land-based casinos in Macau and has since the mid 1960s. He may be involved in on-line gaming although I doubt it and for sure, that is not where he made his first few billions.

In fact, most of the land-based casino operators HATE on-line gaming because it bleeds off their revenue.

But one of the MANY reasons I doubt the entire Ho rumor is that Mr. Ho has been engaged in an ULTRA high stakes battle with U.S. casino interests, including the lengendary Steve Wynn who are opening massive new casino projects in Macao in the wake of the end of the 40+ year monopoly that has existed there.

Mr. Ho is complaining publicly and bitterly about the U.S. "invasion" and is imploring the Beijing government to intercede. Without question, Ho's casinos make more in a SINGLE NIGHT than the IPT could DREAM of earning in a year and it would be uttler silly for Ho to take his eye off the ball so to speak when his REAL business is being severely attacked for the first time in 4 decades.

The other literally silly aspect of the Ho rumor is the absurd price tag of $150 million. The IPT has no assets except the videos of the events and Accu-Stats has a library of at least 100 times the hours of footage now owened by the IPT. Other than that, there is not much to sell and for ONE TENTH of the rumored price, Mr. Ho could start a new league from scratch and quickly make it one the THE major tours in the world.

But as noted above, Mr. Ho's company likely makes a few million PER NIGHT from his casinos and he doesn't have to leave is office in Macao. This sale...at least to Ho, makes a total of zero sense or CENTS...your choice. (-:
Regards,
Jim

Just IMHO.
Regards,
Jim
Click to expand...

He is already on the internet. See www.hocasino.com, one of the sponsors of the World Open.

Unless this is a website KT set up to fool everybody into thinking that Ho is really interested, lol.
 
<<We can speculate about what makes sense, or what might be the reason behind this whole situation,>>

Yes, and we can speculate about there being something to speculate about. Has there been any comment from anyone in the Ho organization about this supposed transaction? Normally, once a Letter of Intent is signed, which has been speculated in the forums, then both sides are free to make comments. Certainly, there is a lot of speculation that KT has commented about it although I have seen no first hand documents or other evidence that KT has said anything at all about it.

So, it's all just idle speculation.
 
????

Keith Buck said:
He is already on the internet. See www.hocasino.com, one of the sponsors of the World Open.

Unless this is a website KT set up to fool everybody into thinking that Ho is really interested, lol.
Click to expand...
That link does not work.
 
av84fun said:
<<We can speculate about what makes sense, or what might be the reason behind this whole situation,>>

Yes, and we can speculate about there being something to speculate about. Has there been any comment from anyone in the Ho organization about this supposed transaction? Normally, once a Letter of Intent is signed, which has been speculated in the forums, then both sides are free to make comments. Certainly, there is a lot of speculation that KT has commented about it although I have seen no first hand documents or other evidence that KT has said anything at all about it.

So, it's all just idle speculation.
Click to expand...


Go to the IPT site and listen to the Players meeting for Reno. There is a link on the front page. Kevin speaks of it quite a bit. He says the IPT has signed a Letter of Intent to be acquired by HO. Then a little later he says "Insiders value the deal at 160 Million dollars" Kinda strange wording if you ask me, seeing as he is the ultimate insider. I could be off a word or two on the quote.

He also talks of checks being available on Sunday.
 
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nfty9er said:
That link does not work.
Click to expand...

It worked when I clicked on it. Maybe they don't allow Americans(if you are in the U.S.) to go to their real money website because of the new online gambling enforcement in the States. I am in Canada.
 
Link ....

The link worked fine for me. I wanted to see what he looked like...lol
He is a accomplished Ball Room Dancer, and collects limoseines.
 
Snapshot9 said:
The link worked fine for me. I wanted to see what he looked like...lol
He is a accomplished Ball Room Dancer, and collects limoseines.
Click to expand...


The first link was .com-the second one that worked was-- .net
 
jamesroberts said:
I may be way off base here but I'm gonna throw it out there anyway.
Today the US Senate banned banks and credit card companies from processin payments to online gamblers.
Listening to KT talk at the previous meetings,I got the idea that he is really counting on online gambling on the IPT to spur interest in the sport.
I wonder if online gaming in serious jeopardy if that will affect Stanley Ho buying part of the IPT,as of right now I dont know if just good pool is enough to sustain the IPT.
I am as hopeful as anyone that the IPT succeeds
again just a thought
Click to expand...


This is undoubtably a huge blow on so many levels. Here's the bill, or at least the closest version I could find. It's pretty comprehensive.

http://frwebgate.access.gpo.gov/cgi...txt&directory=/diskb/wais/data/109_cong_bills

To the degree that it is a setback is completely dependent on the projected percentage of US online revenue the IPT was anticipating. I think a statement from the IPT regarding this developement is likely in the works.
 
jamesroberts said:
yeah i totally agree with your points. not many people know about macau and how profitable the casinos are there,way more profitable than anything in vegas.Which is why I was wondering why Mr Ho would wanna buy the IPT,I mean its not really established.
If Mr Ho wanted to start a rival tour tomorrow and and offered slightly higher payouts I think most players would switch teams in a heartbeat.

Which is why I was thinking as to what reason ho would be investing in the IPT...the only thing I could come up with is online gambling aspect
Click to expand...

None of Mr Ho's online or other gambling ventures nor any other online gambling site or other type of bookmaker owned by anyone else actually needs to OWN any venture,whether pool or the soccer World Cup or any other sport......in order to be able to take online or other types of bets on it and make money......so I cannot really follow what you mean by the "gambling aspect" attracting Ho.

Any online bookmaker can take bets on the IPT anyime they like,they don't even need KT's permission let alone need to pay him 150 million !

Furthermore,ownership of any sports league/tour/championship that is being gambled upon would probably be more likely to be a negative aspect for the pool betting turnover of a gambling site because the punting public would trust it less given the increased opportunity of the online bookmaker to influence results in his other capacity as owner of the sport.They would prefer the sport they are gambling upon not to be owned by a bookmaker and if it was owned by a bookmaker,they would in general be more likely to punt with a competitor firm or even more likely not punt at all.
 
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well why else would ho be interested in the ipt and launching an online gambling site at the same time,dont you think the two are related
 
memikey said:
None of Mr Ho's online or other gambling ventures nor any other online gambling site or other type of bookmaker owned by anyone else actually needs to OWN any venture,whether pool or the soccer World Cup or any other sport......in order to be able to take online or other types of bets on it and make money......so I cannot really follow what you mean by the "gambling aspect" attracting Ho.

Any online bookmaker can take bets on the IPT anyime they like,they don't even need KT's permission let alone need to pay him 150 million !

Furthermore,ownership of any sports league/tour/championship that is being gambled upon would probably be more likely to be a negative aspect for the pool betting turnover of a gambling site because the punting public would trust it less given the increased opportunity of the online bookmaker to influence results in his other capacity as owner of the sport.They would prefer the sport they are gambling upon not to be owned by a bookmaker and if it was owned by a bookmaker,they would in general be more likely to punt with a competitor firm or even more likely not punt at all.
Click to expand...


I agree with all of this. However I think at least a part of the plan was to openly promote online betting on the IPT as a tool to consolidate, develope, and increase audience interest, especially in the US, but I guess that plan is out the window.

If I were an IPT investor, this law change, or additional enforcement provisions, whatever you want to call it, would be a setback.
 
The issue of poker coming to an end for the USA is not new news. It mihgt only be appearingin the public domain now but insiders have been aware of it for well over a year. Europe based visitors will no doublt be able to confirm the ridiculous amounts of money that 888.com, titanpoker and others have thrown around.

I receive about $4,000 a month from poker advertising alone, let alone any other kinds of advertising - doubled in the last year. Not from increased hits but from increased revenue as the online companies battle for market share in Europe.
 
Da Poet said:
I agree with all of this. However I think at least a part of the plan was to openly promote online betting on the IPT as a tool to consolidate, develope, and increase audience interest, especially in the US, but I guess that plan is out the window.

If I were an IPT investor, this law change, or additional enforcement provisions, whatever you want to call it, would be a setback.
Click to expand...

Yep,agree with virtually all of that:)
 
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