Dictionary for dummies. (On GA Issues)

[NBAlive2005]

Acquired: To gain possession of: acquire 100 shares of stock.

Bailout: A rescue from financial difficulties: corporate bailouts.

I don't have a problem with 5x rollover.
and in fact, I think Royal made a smart deliberate move!
If you were Royal, would you purchase a book that has everyone withdrawing and an empty clients base?

 

[happyday]

nbalive=fred martinez

 

[marmotmesa]

how was this a smart move?

 

[Thrillseeker]

thief ( P ) Pronunciation Key (thf)
n. pl. thieves (thvz)
One who steals, especially by stealth

steal ( P ) Pronunciation Key (stl)
v. stole, (stl) sto·len, (stln) steal·ing, steals
v. tr.
To take (the property of another) without right or permission.

ghost ( P ) Pronunciation Key (gst)
n.
The spirit of a dead person, especially one believed to appear in bodily likeness to living persons or to haunt former habitats.

 

[jwunderdog]

IF GA had the funds to pay all customers then Mike would be defined as a Swindler:


Main Entry: 1swin·dle
Pronunciation: 'swin-d&l
Function: verb
Inflected Form(s): swin·dled; swin·dling /'swin(d)-li[ng], 'swin-d&l-i[ng]/

intransitive senses : to obtain money or property by fraud or deceit
transitive senses : to take money or property from by fraud or deceit
synonym see CHEAT
- swin·dler /'swin(d)-l&r, 'swin-d&l-&r/ noun

 

[Pretending]

1 entry found for Dingleberry.
din·gle·ber·ry ( P ) Pronunciation Key (dnggl-br)
n. Vulgar Slang
A piece of dried feces caught in the hair around the anus.
An incompetent, foolish, or stupid person.

 

[D2bets]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by NBAlive2005:
Acquired: To gain possession of: acquire 100 shares of stock.

Bailout: A rescue from financial difficulties: corporate bailouts.

I don't have a problem with 5x rollover.
and in fact, I think Royal made a smart deliberate move!
If you were Royal, would you purchase a book that has everyone withdrawing and an empty clients base?<HR></BLOCKQUOTE>

It was not an acqusition. A clean acquisition means you take the all of the company's assets as well as liabilities and you take it as is. As is means players (not already subject to rollover reqts) are free to WD any or all of their balance at any time. Players went from being able to WD to having a 5X rollover reqt. Thus they did not take on all their liabilities. This is a form of a bailout. It's that simple.

And while you might not mind the 5X rollover some might not be int he same position. What if GA was their only account -- they started with 2K months ago and had a goal to get to 4K before they stopped betting this year. After months of work the goal was finally reached Monday and they were goig to withdraw. Not they're told they have to put that 2K of profit at risk 10 more times before they can get anything. Not soo good, huh?

Or what if some guy who's lost a bunch just promised his wife that he'd cut his losses and pull whatever he had - imagine now explaining to her that he just HAS to bet it 5X over more -- I'm just SURE she'll understand that.

I could come up with more. I'm good at sob stories I guess.

 

[theswami]

as posted in another one of your threads

are you an idiot?!?!? what do you say to the people who already rolled their balance over at GA before the bailout....i mean buyout? they are being held hostage by Royal. Royal has come up aces on this but it still stinks.

i was looking for a new out for this nfl/ncaa season and i got lured into GA with a big bonus, good references from posters here, and a contest. after playing through my rollover i got out since it wasn't my kind of shop (i.e. nothing to offer that i couldn't get from a more reputable shop). fortunately for me, they have only my contest entry.

what pisses me off is that these rat fvcking bastards continued to look for new money via the boards and email when they knew something was up. what do you say to that nbalive? what are you happy seeing?

I hate to do this bust I have to agree, Royal made a good business decision. With that said, GA still fvcked their players just to a lesser degree than some of the other outfits.

 

[theswami]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by NBAlive2005:
Acquired: To gain possession of: acquire 100 shares of stock.

Bailout: A rescue from financial difficulties: corporate bailouts.

I don't have a problem with 5x rollover.
and in fact, I think Royal made a smart deliberate move!
If you were Royal, would you purchase a book that has everyone withdrawing and an empty clients base?<HR></BLOCKQUOTE>

By the way, as someone who works with transactions of this type, I assure you, there are ways to make a deal like this work without requiring 5x rollover.

You make the payment to GA contingent on the number of accounts and/or balances left after a certain period of time. The parties would never do a deal like that though since it would be fair to ALL parties (Royal, GA, and players). The current deal as structured is BEST for the BOOKS (Royal and GA). It's too easy for these guys to screw the players while lining their own pockets. The way this "deal" should be interpreted IMHO is:

1) Royal pays GA for an acquisition of customer accounts. (Substitute what they paid for what they would have spent to acquire these accounts through marketing plus the bonus of having the accounts locked for 5x rollover)
2) GA built NO value in their business. They took in players money and sold the money to a willing buyer. Not to dissimilar to stealing. I rob a jewelery store, I take possesion of diamonds, I sell them to you since I'm not capable of running my own store. GA NEVER OWNED THE MONEY THEY SOLD TO ROYAL!!!!!!
3) Players get fvcked as usual. Roll your money 5x, at best you win and pay the vig at worst you lose some or all the balances that you could have withdrawn if GA was still in business.

I feel slimy just posting about this deal. I just imagine the negotiations....Royal: I'll pay you x cents on the dollar and require a 5x rollover. GA: What do I care..it's not my money anyway.

Sick stuff!!!

 

[NBAlive2005]

i remember when aces went down, Royal had a "bailout" plan.
something like up to $500 with a 20X roll-Over!!

this is more of an acquisition, you have 100% of your money with just 5X roll-over!
btw, I still owes GA rollovers too, so it doesn't effect me... lol


<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by D2bets:
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by NBAlive2005:
Acquired: To gain possession of: acquire 100 shares of stock.

Bailout: A rescue from financial difficulties: corporate bailouts.

I don't have a problem with 5x rollover.
and in fact, I think Royal made a smart deliberate move!
If you were Royal, would you purchase a book that has everyone withdrawing and an empty clients base?<HR></BLOCKQUOTE>

It was not an acqusition. A clean acquisition means you take the all of the company's assets as well as liabilities and you take it as is. As is means players (not already subject to rollover reqts) are free to WD any or all of their balance at any time. Players went from being able to WD to having a 5X rollover reqt. Thus they did not take on all their liabilities. This is a form of a bailout. It's that simple.

And while you might not mind the 5X rollover some might not be int he same position. What if GA was their only account -- they started with 2K months ago and had a goal to get to 4K before they stopped betting this year. After months of work the goal was finally reached Monday and they were goig to withdraw. Not they're told they have to put that 2K of profit at risk 10 more times before they can get anything. Not soo good, huh?

Or what if some guy who's lost a bunch just promised his wife that he'd cut his losses and pull whatever he had - imagine now explaining to her that he just HAS to bet it 5X over more -- I'm just SURE she'll understand that.

I could come up with more. I'm good at sob stories I guess.

<HR></BLOCKQUOTE>

 

[NBAlive2005]

well, I guess all the rumors fanned the fire of withdraw frenzy....

and Royal did the RIGHT thing to enforce a 5X roll-over to ensure that they don't buy a sportsbook with EMPTY clients base!!

GA solicited post-ups in the weekend? true, but they offered big bonuses, like 30%?
for those people, now ROyal only asks for a 5X roll-over! it's more than reasonable to me...


<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by theswami:
as posted in another one of your threads

are you an idiot?!?!? what do you say to the people who already rolled their balance over at GA before the bailout....i mean buyout? they are being held hostage by Royal. Royal has come up aces on this but it still stinks.

i was looking for a new out for this nfl/ncaa season and i got lured into GA with a big bonus, good references from posters here, and a contest. after playing through my rollover i got out since it wasn't my kind of shop (i.e. nothing to offer that i couldn't get from a more reputable shop). fortunately for me, they have only my contest entry.

what pisses me off is that these rat fvcking bastards continued to look for new money via the boards and email when they knew something was up. what do you say to that nbalive? what are you happy seeing?

I hate to do this bust I have to agree, Royal made a good business decision. With that said, GA still fvcked their players just to a lesser degree than some of the other outfits.<HR></BLOCKQUOTE>

 

[happyday]

nbalive is fred martinez

 

[Samurai]

Shill   n.
One who poses as a satisfied customer or an enthusiastic gambler to dupe bystanders into participating in a swindle.

v. tr.
1. To act as a shill for (a deceitful enterprise).
2. To lure (a person) into a swindle.


Liar n.
A person who knowingly utters falsehoods; one who lies.


Fraud n.
1. intentional deception resulting in injury to another person.
2. a person who makes deceitful pretenses.
3. deliberate trickery intended to gain an advantage.

 

[theswami]

NBAlive2005-

This was posted in another thread in case you didn't see it.....

Gentlemen,

With all due respect :

Royal Sports has bailed out, migrated the store from Costa Rica to Curacao, fixed all existing data, built a functioning website in 72 hours.

We are still busy with pending wagers and Bonus Plays as the former owners have not provided all needed information.

We appreciate your patience and cooperation while we get everything fixed.

Thank you

Gamblers Avenue
The Royal Sports Group

YOU NOTICE ROYAL'S USE OF THE WORDS "BAILED OUT"!!!!!! THIS SHIT IS FUNNY!!!