FCP Bob, on Tuesday, May 3rd, 2011, 4:25 PM, said:
Still not convinced that this will actually get off the ground, it's very hard to see how this makes any sense economically.
I guess I was wrong about them getting off the ground but my point about the economics of Epic Poker haven't changed and Daniel explains in his blog how the only thing that makes sense is if they hope to make the Epic League an online poker brand in a regulated US.http://www.fullconta...-jour...&ucat=
Daniel - Poker JournalWhy I didn't Play the EPL11 Aug 2011 Many of you have asked me why I have chosen not to support, or participate in the Epic Poker League, and while I have a laundry list of reasons, I'd point out that I chose not to take part in the World Team Poker event for one sole reason: I didn't think it would be a success. The same holds true with the Epic Poker League. Not just because of the bizarre choice in name, but because I don't believe this product will resonate with the public and based on my intimate knowledge of how these types of things work, I don't think it's possible to bring in enough revenue to survive. The only legitimate chance the league has to survive is if regulation happened in the U.S. and they were able to create an online poker site. Jeffrey Pollack wouldn't admit that to you publicly, but it doesn't take a rocket scientist to do the math here. Millions of dollars being given away to players, money spent on a TV time buy, money spent on staff, etc. with no way of recouping those funds through licensing or sponsorship. Networks aren't going to pay you for poker programming because the necessary ratings just aren't there. The WSOP is the world's most prestigious brand at this point with hundreds of hours of poker programming on TV, and yet they have been unsuccessful in bringing in major money from mainstream sponsors. Ty Stewart, a straight shooter/great guy, and the man behind all of the sponsors the WSOP has been able to bring in over the years, struggles to entice mainstream sponsorship. We have Jack Links and Dearfoam slippers, but there isn't a Lexus, or Caddilac type brand that's stepped up to the plate at this point. The Epic Poker League has 7 hours on CBS and 13 hours on a network that is yet to launch. That pales in comparison to the hundreds of hours of coverage on ESPN. Does anyone really believe that Jeffrey will be able to pull in enough money from sponsorship to sustain the amount of money going out the door? I'm always careful about what I attach my name and likeness to, and after doing my due diligence on the "business plan" I don't think this league can succeed. Of course I could be wrong... but I'm not.
Interesting final table. The question I have is whether the scumbag Chino Reem will pay off whoever is backing him and will he pay off any of the many others that he's borrowed/stolen money from.1 Hasan Habib 1,655,000 2 Jason Mercier 1,495,000 3 Chino Rheem 1,432,000 4 Erik Seidel 1,109,000 5 Gavin Smith 766,000 6 Huck Seed 396,000