Pokershare busts after less then 2 months

[webber286]

It does appear that Excapsa, the holding company for UB was behind the decision. Some speculation I have read references that PS was cannabalizing UB too much, and with PS's business model, that meant that Excapsa would be loosing margin on the players they already had in their system. Guess there weren't enough "new" players to outweigh the cannabalization effect. This is all speculation too BTW.

[dominique]

Actually, it is not speculation.

I have sources in this group and that is exactly what happened.

Pokershare was doing too well too fast, offering both rakeback and profitshare, and UB freaked and kept pestering it's parent company Excapsa. First Excapsa forbid Pokershare to offer rakeback, then they snuck into Pokershare's facilities to mail that letter and to remove the Pokershare affiliate program from it's rep site - Income Access.

Pokershare was such a threat to UB, they would not stop until Excapsa cut Pokershare off at the knees.

This is not speculation but it is what happened.

Shame, shame , shame on UB!!!!

I hope Pokershare sues you to hell and back!

Unfortunately I am not privvy to the exact contract between Pokershare and Excapsa, but I think it is fairly safe to assume that Excapsa likely did not have the right to use pokershare's facilities to kill their business.

Not to mention that affiliates are left high and dry and have lost all kinds of money due to Excapsa's capricious actions.

[pokeraddict]

I agree with Dominique, UB has tarnished their reputation over this. Many serious players do not trust them now, even ones who never bothered with Pokershare. Affiliates, traditional or rakeback, have also lost trust with UB and Income Access over this. The time and money invested in promotion is lost forever as well as the possibility of players holding this against affiliates for signing them up.

As far as I am concerned UB owes many an open apology for their actions, until then their reputation will be somewhat tarnished among serious players and affiliates.

[LordJord]

Whoever or what ever lies behind this, it's a rotten shame. I know there are some people (WinBig included) who foresaw that PokerShare would have a paltry half-life. Naive little me thought it was a revolutionary idea that would change the face of online gaming. Dun Dun Dun... Seems I was wrong, though I still think it's a brilliant, if not implausible, idea. The truth is, even though the network may have been losing more on UB's end than it was gaining on PokerShare's, I think ultimately (no, not a pun, I promise), PS would have become a major player for Excapsa.

[pokeraddict]

Pokershare has now emailed all players not in NA that they will be shutting their doors at 9am ET on November 14.