Nifty's question

[Nifty29]

I recently changed my email address when I shut down PV. Should be interesting to see if I start getting junk mail other than the usual crap.

Slight derail....why did you shut down PV???

 

[maphesto]

Slight derail....why did you shut down PV???

I second that! Why?

 

[P.V.]

Slight derail....why did you shut down PV???

Oh where does one begin? Let me see if I can answer this without it getting too drawn out.

You're aware PV had been a work in progress for several years and tons of money sunk into the site and its purpose. My goal was to provide a Secure centralized place for the sharing of personal identifiable information, or PII along with other features such as one click self exclusion, fraud reporting and so on.

There was always a misconception that PV verified the doc's but that's incorrect, it was a system for sharing between registered players and registered casino's.

The first move was to get licensed in Nevada, after getting through all the paperwork, trips to Nevada to appear and attorney fee's I succeeded after a year and a half process. Approved. But approved wasn't enough I then was required to prove PV was secure which involved security consultants and dealing with Nevada's chief of technology.

This took several more months of security testing and changes but finally passed the test. I was held at a higher level than most service providers but finally passed the test. Licensed granted in Nevada as long as I only dealt with licensed U.S. casinos.

On to N.J., filed the paperwork , had to appear once. This was an easier process being I had documented everything done in Nevada . Approved to do business in N.J..

During the entire above process I was always advised that I had to be licensed and this is why I jumped through all the hoops and did whatever was required along the way.

A few U.S. sites that launched use their own upload system therefore I could not get them interested in PV even though it was at no cost to them and more secure than backing up players data on their server. Then I targeted licensed U.S. online casinos that were using email, API ticketing systems such as Zendesk and even chat programs to ask for PII. None of these systems are licensed or vetted unless things have changed since the shutdown.

I thought surely these sites using unlicensed programs would come and take a look but they were not interested. One casino, which I won't name told me if we can't own it or build it we aren't interested in what you're doing.

After reaching out and complaining to the powers in charge about the unlicensed systems and nothing being done it was my decision to shut down the site. There had to be a fair playing field when trying to get PV off the ground and it wasn't happening.

Actually one of the ticketing systems being used was hacked last year and it's a fact their support staff can view all PII going through the system. That's just one example of an unfair playing field.

I'm not mad but rather disappointed as I feel I was mislead through the whole process. Reason being if unlicensed systems are allowed what the heck did I go through over the past couple years?

Anyway there's a lot more I could say but that's enough. On an upside I think I'm the first licensed site to withdraw their license in the U.S..

 

[Jasminebed]

PV, I am sorry that it didn't pan out for you this time.

Most successful businessmen are unsuccessful businessmen six times before becoming successful businessmen.

There are quite a few quit after once or twice or three times failing.

 

[Casinomeister]

It's a real shame when good intentions and great ideas get trodden over by corporate arrogance and greed. Sorry it didn't pan out for you. Perhaps you can take it into another direction; I don't know. But it would be very unfortunate to see so much work go to waste.

 

[vinylweatherman]

What about the UK and EU market?

Surely the regulators can't be happy with the current situation where documents get sent via email, and all too frequently get lost in the system.

 

[Dinahnana]

Sorry PV it was a good idea. I am sure you have more of them and now more than ample experience to get them off the ground I wish you luck... and you never know your business might find a new lease of life in the future.

 

[dunover]

What about the UK and EU market?

Surely the regulators can't be happy with the current situation where documents get sent via email, and all too frequently get lost in the system.

What, and you think the EU and its licensing authorities will sanction an American firm outside the EU to fulfil that role and hold info on EU citizens? Not unless it was based in Europe.

 

[airwave]

One casino, which I won't name told me if we can't own it or build it we aren't interested in what you're doing.

As sad as it is to say, that's really not surprising coming from casinos in Nevada. I can't say much about places like Reno or Tahoe because I've only gone there sparingly, but in Vegas, the culture of casino executives is all about me, me, me (read as them, them, them). They don't care about anything except for shareholder profits, or in the case of a useful system like yours, being able to claim that they were the one who found a diamond in the rough and brought it into the company fold.

Vegas is a good example of what's wrong with the culture of casino management. How many public works projects could Sheldon Adelson fund, yet he does nothing but sit and watch the city's economy plunge while he rakes in billions off of people who are just passing through. At the very least he could provide jobs, but no, they would rather bring in workers from other areas. Locals aren't his concern, as they aren't the ones spending money on his slot machines.

It seems that progressive young businesses such as yours also fall into that same grouping. That is truly a shame. Perhaps the tribal market would be a good one for your project. I've had only limited dealings with people at tribal casinos, but they seem to always be open minded about new ideas and are always interested in anything that would improve their product overall. You've already put in a lot of work so it probably wouldn't take much to determine how interested they are.

 

[P.V.]

What about the UK and EU market?

Surely the regulators can't be happy with the current situation where documents get sent via email, and all too frequently get lost in the system.

You would think so but the U.S. doesn't seem to mind therefore it's probably not worth the effort.

Sorry PV it was a good idea. I am sure you have more of them and now more than ample experience to get them off the ground I wish you luck... and you never know your business might find a new lease of life in the future.

I've pulled the plug completely on PV but you're correct something different might catch my attention in the future. I'm fortunate to have a good offline business so although a disappointment I can still look forward and not ponder on the past.

Although there may come a day I can tell a few people I told you so.

What, and you think the EU and its licensing authorities will sanction an American firm outside the EU to fulfil that role and hold info on EU citizens? Not unless it was based in Europe.

If by chance it would have worked in the U.S. I would have done business in the EU and taken all steps necessary to do so. Actually most offshore licensing authorities don't require a license for what I was doing and told me I could do business with their licensed casinos.

As sad as it is to say, that's really not surprising coming from casinos in Nevada. I can't say much about places like Reno or Tahoe because I've only gone there sparingly, but in Vegas, the culture of casino executives is all about me, me, me (read as them, them, them). They don't care about anything except for shareholder profits, or in the case of a useful system like yours, being able to claim that they were the one who found a diamond in the rough and brought it into the company fold.

Vegas is a good example of what's wrong with the culture of casino management. How many public works projects could Sheldon Adelson fund, yet he does nothing but sit and watch the city's economy plunge while he rakes in billions off of people who are just passing through. At the very least he could provide jobs, but no, they would rather bring in workers from other areas. Locals aren't his concern, as they aren't the ones spending money on his slot machines.

It seems that progressive young businesses such as yours also fall into that same grouping. That is truly a shame. Perhaps the tribal market would be a good one for your project. I've had only limited dealings with people at tribal casinos, but they seem to always be open minded about new ideas and are always interested in anything that would improve their product overall. You've already put in a lot of work so it probably wouldn't take much to determine how interested they are.

You hit the nail on the head, totally agree. Unfortunately I've exhausted my efforts with this project, it's time to bite the bullet and move on.

 

[Dinahnana]

I've pulled the plug completely on PV but you're correct something different might catch my attention in the future. I'm fortunate to have a good offline business so although a disappointment I can still look forward and not ponder on the past.

Although there may come a day I can tell a few people I told you so.



.

I have all the faith in you. You certainly seem to have tenacity in abundance. The main ingredient of a successful businessman.