IMPORTANT - CAP Euro Event Changes

[rikkerbuddy]

I have meet Alex many times - he is a class act and the people he works with are in my opinion always helpful. I am so happy to know he has cut ties with warren and Lou.

Alex has always out done himself at every event he has put on

I will be at any event Alex puts on and I look forward to Budapest.

[KasinoKing]

I have meet Alex many times - he is a class act and the people he works with are in my opinion always helpful. I am so happy to know he has cut ties with warren and Lou.

Alex has always out done himself at every event he has put on

I will be at any event Alex puts on and I look forward to Budapest.

I agree - Alex is a top bloke!

I've been trying to decide whether to go to CAC or AAC for several weeks... and I'm leaning heavily towards AAC at the moment... after Alex's assurance that L&W aren't pulling any strings.

KK

[justred]

Fine post Jetset. If the CAP guys will still make money from the event and it is not disclosed and only revealed / uncovered later it will put a serious dent in Igamingbusiness' credibility.

If this turns out to be window dressing and just a name change to try and pull numbers I would have to think twice about attending any of their events.

I hope they come clean. God knows we need transaparency.

[RobWin]

I don't want to harp on this, but there is a serious question of credibility from the get-go here imo, and that is turning on the lack of transparency which still bedevils this transaction.

Alex's personal and business reputation is such that he does not need to defend himself here, but his board of directors at iGaming Business should be made aware that failing to furnish the fundamental details of this transaction could impact their credibility going forward.

And the cynical will continue to suspect that certain individuals are still intimately and profitably involved (beyond mere sponsorship) in the enterprise, given their previous business deceptions.

I suggest that that would do little to enhance a new and independent events regime such as Alex has suggested in his various posts here.

If this is a straight commercial deal in which iGaming has paid (or is to pay) a consideration to AMI or its management for the exclusive right to take over these events as an independent venture, then I would have no problem at all with that....but it needs to be out in the open and not cloaked as a transaction that is so sudden and messy as to preclude the basics being disclosed.

The truth will eventually out - and if it transpires that iGaming Business was party to a further deception, that will not sit well with the industry imo.

Well, only 10 months later now and it appears that the truth of this IGB/Cap financial relationship is finally revealed....

Is anyone actually surprised?

Looks like business as usual to me...this freaking industry will never change IMO as long as you peeps keep on supporting and/or attending these conferences that CAP is truly a beneficiary of!!

http://www.gpwa.org/forum/do-you-dar...tml#post576799

http://www.gpwa.org/forum/do-you-dar...tml#post576801

http://www.gpwa.org/forum/do-you-dar...tml#post576921

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[PokerNations]

Yup, I can't support anything that CAP benefits from financially, so I won't be attending any of these events.

[Webzcas]

Rob, most people knew CAP still had a strong financial link to these conferences.

I will be attending this year in it's entirety ( I only went to the morning of the opening day for the first two CAP London events and missed last years altogether ) after frequenting the ICE at Earls Court which immediately precedes it.

However my attendance is not to give CAP my approval not that it would matter a jot to them. But my sole reason in attending is to catch up with peers and acquaintances who I respect and value as friends. This is also the first opportunity I have in attending such an event since the ICE in 2009. Being only 100 miles away from my home also makes it easier.

That said I will continue to support CAC and plan to make Amsterdam this Spring. As for other CAP events, I will not be attending them.

[RobWin]

Rob, most people knew CAP still had a strong financial link to these conferences.

I will be attending this year in it's entirety ( I only went to the morning of the opening day for the first two CAP London events and missed last years altogether ) after frequenting the ICE at Earls Court which immediately precedes it.

However my attendance is not to give CAP my approval not that it would matter a jot to them. But my sole reason in attending is to catch up with peers and acquaintances who I respect and value as friends. This is also the first opportunity I have in attending such an event since the ICE in 2009. Being only 100 miles away from my home also makes it easier.

That said I will continue to support CAC and plan to make Amsterdam this Spring. As for other CAP events, I will not be attending them.

Webzcas, although true, you will still be counted as an attendee but I do understand your reasoning behind attending the event, catch up with old acquaintances and all. But in that same respect I do have to agree with what "thepokerkeep" said HERE at the GPWA Forum about the continuing revenue stream being generated and benefiting CAP in the big picture and scheme of things.

As long as affiliates are still willing to continue to attend these IGB/CAP events it is in fact truly helping to line the pockets of Warren and CAP. Just like "thepokerkeep" said, As long as affiliates attend, the casinos and affiliate programs will pay to be there. As long as they continue to pay then Warren and most likely Lou too if the truth be known will continue to benefit in the big picture.

If affiliates stop attending these and only show up for Marc Lesnick's events then it would certainly put a damper on new money filtering into CAP's pockets.

I also think Alex has his best interests misplaced here and is certainly in bed with the wrong peeps, just my opinion.
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[PokerNations]

I also think Alex has his best interests misplaced here and is certainly in bed with the wrong peeps, just my opinion.
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I don't blame Alex here, likely the contract that was signed makes it difficult to extract their company from working with CAP on these events.

Thus the reason to vote with your feet and wallets and let others in the industry know you won't support something that benefits a company as unethical as CAP

[RobWin]

I don't blame Alex here, likely the contract that was signed makes it difficult to extract their company from working with CAP on these events.

Thus the reason to vote with your feet and wallets and let others in the industry know you won't support something that benefits a company as unethical as CAP

If that is truly the case then, and it may not be Alex per se but the company he works for that signed that contract deal, but if they did not write themselves an "out" or "exit" clause or waiver into it then they are not as bright as most peeps think they are.

I wrote contracts for the past 20 years for multi-million dollar amounts in the commercial construction industry and we never ever signed one that did not have an "out" or "exit" clause/waiver written into it. That being said, I would almost bet the farm that if Alex and IGB really wanted out of that contract then they would in fact relinquish it!
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[Simmo!]

I don't blame Alex here, likely the contract that was signed makes it difficult to extract their company from working with CAP on these events.

Agreed. Plus Alex is an employee of the company anyway so ultimately that wouldn't have been his decision. I'll be supporting both Alex and Marc and will be at both.

If we avoided doing things because a company whose morals we didn't agree with benefitted down the line, we wouldn't do anything. Wouldn't put my money in a bank, wouldn't fly anywhere, probably wouldn't even have a computer.