blonde poker forum

Tribeca has been sold to playtech and they will not be migrating the US players...comments please !!!

source?

www.playtech.com

thank you

 >:(

'Following Tribeca's decision to block certain territories, including the US, the entire Tribeca network will cease its operations in six months from the date of the agreement, by which time the migration of the online poker operators to Playtech's platform is planned to be complete.'

So it looks like within six months the Tribeca will essentially not exist and be subsumed into the Playtech network. Which will presumably have BPL implications.

Coming not long after Tribeca acquired Tain, poker networks are becoming like Matryoshka dolls.

If anyone wants to pm me to ask specific questions I will try and answer them.

Alternatively, you can ask on here and BPL will respond to your queries.

thats the iPoker network right?

Sorry didnt mean it in a negative way...genuinly just trying to help. I have only just found out myself.

It sounds as if they are going to migrate all the skins over to the ipoker network.

Bad move methinks. Although i'm not a fan of tribeca software, but their setup is different to many others. They are removing that and i think they will find many players going elsewhere.

what sites are on ipoker?

Yes, we realise it was not intended in a negative way, & that the Post was entirely innocent.

The problem is that many blondes are unaware that you run your own Cardroom on the Tribeca Network. It is VERY important to me that blonde remains a "free & open" Forum, so you have every right to Post on here as you have always done. But because of "self-interest" it is equaly important that blondes are fully aware that you run a Tribeca Network Cardroom.  Many of the newer blondes may not be aware of that.

We are cool, we just want to ensure that everybody on blonde knows where vested interests sit.

I am aware, from the Website of playtech, of the statement they have made saying they have purchased Tribeca. That's the totality of my knowledge on the subject.

I am entirely relaxed on the subject thus far, & I have yet to see anything which troubles me.

When I know more, I'll Post accordingly. Fire away with questions if you wish, but I don't do "merchant of doom" stuff, change is not always a bad thing.

If the nature of our Cardroom changes in a way we consider negative for our players, & for blonde, we have a whole plethora of options available to us.

Exciting times, eh?

Well i never knew that !! :o , learn something new every day  :)

Noble, Titan, CDPoker, Bet Fred, Kiwi Poker, Fair Poker, Poker Ocean, USA Poker, Prestige Poker that I'm aware of.

I really do hope that the platform stays as it is! I play there because I AM a fan of the look and feel of the tribeca software.

Thanks Charmaine, that was precisely why I Posted as I did.

I am almost obsessive about declaring "self-interest". When a debate goes off, it makes an enormous difference if one party has an interest in the matter, & if those in the debate don't know that, it amounts to deception. I am of course, talking generally here, & not specific to this case.

You have been a Member on blonde for ever, & yet you never knew Rivercard ran a Cardroom, which makes my poiint perfectly. We have MANY Posters on blonde who have "conflicts of interest", & they really all ought to declare their hand when making Posts where such self-interest is relevant.

When you see threads in which Tribeca or other Networks are attacked or defended, you'd be AMAZED at how much "self-interest" is in there!

I do hope you are well.

xx

i read it as Tribeca will cease to exist, players will be migrated to iPoker.

Blonde Blackjack?

I read it too that US players will not be playing on the combined network

Yea, this was my point. Some people really like it. I guess it's like marmite.

having played on both platforms, I suggest the move is reversed iPoker to Tribeca

Hi Dewi.

What is it you don't like about the iPoker software?

And I'm quite sure most of you know this, & he's never hid the fact, but Jamier-Host works for Blue Square (a Member of the Tribeca Network) so his question has potential self-interest. I hope the point I am making (badly!) is not misunderstood. All of us at blonde have a marvellous relationship with everyone at Blue Square, but it's still critical (to me) that everyone knows who is batting for whom.

And despite my funny walk I don't bat for the other side....  ;)

Cheers Tikay - I guess I do kinda assume people know the score there, especially with my username!

I heard they were only buying part of Tribecca.

A bunch of shells listed, VC, BlueSquare, that Scandie one and a few others.

I didn't see Bowmanns or Doyles Room on the list.

Can anyone clarify as to the deal that has been made?

I have nothing against Ipoker in general (they need to jazz/brighten it up a bit) it's just I prefer Tribeca

I am also a fan of the Tribeca interface (I have no affiliation with nuffink and no one).

The layout is one of the nicest to use, the font used for the card numbers is a 'sans-serif' font, and is very easy to read - even on a screen set at a high resolution. 

Unlike other software, the tables are re-sizeable, and so they can take up a fair amount of screen space when you're multi-tabling - and this is made more of an issue due to the external chat/dealer box.

It would be a shame if the Tribeca software was dumped for the alternative (which I'm not a huge fan of).  Some features are missing from the Tribecca software, but the look and feel is one of the best (in my opinion).

Quite possibly.

For the avoidance of doubt, here is what it says on Playtech's Website. I cannot find any PR stuff from the Tribeca side of the equation, & I will Post it if I do. Remember, this is a PRESS RELEASE and you MUST read between the line in these things.

".....Acquisition of Tribeca
13 November 2006


Playtech Limited

("Playtech" or "the Company")

Acquisition of leading poker network to enhance Playtech's poker offering


Playtech (AIM: PTEC), the listed international designer, developer and licensor of software for the online and land-based gaming industry, is pleased to announce today that it has agreed to acquire certain assets and undertaking of Tribeca Tables Europe Limited ("Tribeca"). The acquisition is subject to the satisfaction of a number of conditions.

Tribeca is a software designer that provides a poker network solution to a number of the world's most respected online poker operators such as VCPoker, PaddyPower Poker and Blue Square Poker. In addition to software development, Tribeca also specialises in e-marketing and the development of online poker communities. Most recently, Tribeca announced that the Tain poker network would be joining the Tribeca network, of which the Scandinavian group, Expekt, is the largest customer.

In the 12 months to 31 December 2005, the assets to be acquired generated turnover of c. US$6.2m and gross profits of c. S$5.3m and in respect of the last three calendar months preceding the date of the acquisition, the assets to be acquired generated a turnover of c. US$3.9m and gross profits of c. US$3.4m.*

Following Tribeca's decision to block certain territories, including the US, the entire Tribeca network will cease its operations n six months from the date of the agreement, by which time the migration of the online poker operators to Playtech's platform is planned to be complete.

Playtech expects that synergies between the two companies will lead to significant savings in respect of the additional costs involved in supporting the migrated licensees. Additionally, the Company expects higher revenues to be generated by the ncreased player liquidity, as well as the introduction of Playtech's casino games to the migrated licensees.

The acquisition significantly strengthens Playtech's share of the global online poker gaming market and is in line with the ompany's continued strategy to diversify its portfolio and geographical reach.

*Unaudited Figures provided by Tribeca.

Avigur Zmora, Chief Executive Officer of Playtech, comments:


"This is a landmark deal for Playtech, which in one move, transforms the Company into the world's leading poker network that excludes US players. Tribeca is an outstanding fit for us and the company's licensees are operating, for the most part, in different geographical locations to Playtech's current poker licensees.

"We look forward to welcoming Tribeca's licensees and offering them the best combination of poker knowledge and world leading technology. Both Tribeca and Playtech are committed to a smooth transitional period to ensure that migrating licensees can continue to offer the most attractive poker environment for their players."


Further details of the acquisition

The consideration for the acquisition is calculated according to a formula based on Playtech's earnings from the acquired assets. On the basis that the Company will generate c. US$16m over the coming year from the migration date, the consideration to be paid for Tribeca will be US$75m. The final consideration will be adjusted upon Playtech's realised evenues. The maximum consideration that the Company will be liable to pay is US$139m, which will be paid in the event that the revenue generated from this acquisition exceeds US$29m over the coming year from the migration date.


Playtech will pay the consideration in cash in four instalments. The first is payable upon satisfaction of specific conditions. he second, third and fourth payments are to be made on the 9th, 18th and 24th month intervals, after the date of the agreement, respectively.


- ends -


For further information:


Avigur Zmora, Chief Executive Officer, Playtech Limited

c/o Bell Pottinger Tel: 020 7861 3232

www.playtech.com



David Rydell / Amy Rajendran

Bell Pottinger Corporate & Financial Tel. 020 7861 3232



Notes to Editors


About Tribeca Tables Europe, Limited:

Tribeca Tables Europe, Limited is registered in the Channel Island of Alderney.
Founded in 2001, Tribeca is the world's first online poker room aggregator.
Today, Tribeca Tables is partnered with 10 major gaming companies and supports
over 100 brands with millions of customers.

Tribeca received corporate finance advice from McNamee Lawrence & Co. LLC and
Montrose Partners LLP.


Playtech Limited .........."

Read it CAREFULLY please.

Surely Tribeca/Playtech need to consult the people that have purchased the various skins/cages off them and they can't just ban US players and change everyone to the iPoker network?  Are they allowed to do that?   I would have assumed it was down to each site to either allow or ban people.

I'm not a huge fan of the iPoker network either but like Dewi says, it's nothing in particular.

We are going to see this kind of re-alignment alot in the industry in the next 6 months, i believe ub and absolute are going through a merger of some sorts. Basically it is repositioning behind the now 3 market leaders Stars, Full Tilt and Party.

That's the kind of unambiguous statement I'm looking for.

So other shells I'm assuming will be looking to flog themselves elsewhere, and Tribecca will dissolve.

Looks like moving day is definately coming then....

If Company A buys Company B it can do pretty much what it likes, within the law, & subject to any caveats embodied in the Sale Contract.

On a connected point....anybody want to buy half a million Action Points off me?????

For $249?

$251?

Let's hope the change is for the better.

Assimilation means more traffic for everyone hopefully :)

Exciting times these, like when they first discovered Gold out West. Wagons rolling, prarie dogs yelping, and injuns on the helpdesk.

Raw-hide.

It's not really a simple takeover though is it?  It's like Ford buying Audi and turning up at my house and swapping my car over to an Ford (not that I have a Audi).

swapping it to a Ford?

I'm about to ask a very sad question!!!   lol

Does that mean we lose the lobby?

 ;grr;  <<<<<<----------  Yes I know!

yes, i would imagine so

I am off to buy shares in all known dating agencies.

that's what I said isn't it ;)

Yep :D

LOL!

I can only agree with Snoopy:

http://www.blondepoker.com/index.php?q=node/5299

Meaning?   <Sharpening my nails ready for attack!>

nothing in particular, put your claws away.

 ;angel;

Who are Playtech anyway - I thought they made Bras and Panties?

'Playtech, the poker network where you Cross Your Heart every time you go all-in.'

you must be getting confused with marks and spencer

Their support is second to none.

no its not, it's pants

This forum is getting muckier by the day. Thongs just ain't what they used to be  :(

I sometimes get C & A confused

 :o

I'm sure Mrs Red quickly ended that confusion.

but their software is UNPLAYABLE.

COMMERCIAL SUICIDE IMO.

WHOOOOOOOOOOOOOOOOOOOOOOSH? ? ? ?   lol

women and poker?


noble/bet fred the 2 worst platforms i have played on(( no,not shoes!!!!)

 rotflmfao does unplyable make more sense Trace

lol  how to cause uproar in the lobby? ? ?



Announce it may be going........


Then duck and run...   lol


PURE  ;goodvevil;

Correct me if I'm worng... but isn't Rob's DTD signed up to Tribeca?

Implications for DTD...?

No, DtD are on Cryptologic.

Apologies... doh, my mistake!

Not read all of the thread, but I agree with this. The Tribeca software imo is excellent and it will be a shame if it no longer exists.

Although the loss of the tribeca software might be a shame as it has many fans, I do think the next few months will be very exciting. I expect to see loads of sites talking to eachother about working together (if not actual take-over talks) to merge their client bases.

I, for one, can't wait to see what comes out of it.

UBsolute with UB software and RB and AP never ending bonuses and fish would make me happy as a pig in mud.

How do you resize Tribeca tables? I can't work it out  ;technophobe;

Whoops - I meant aren't... ;ashamed;

OK. Cheers. I'm actually glad it was a mistake, cos I was beginning to think I was stupid!

silly question time


why has pokerstars put the virtual V sign up at the u.s government and carried on in a head in the sand type fashion

as if this new legislation doesn't affect em


while the rest are bailing out and chief executives selling up and leaving thr u.s of A

Because they are taking a punt by going all in on the hope that internet poker will survive in the US and they will come out as the "chip" leader.

Do you reckon the US government will call?

the taxman will have the final say

and crush what is left??

or is it the IRS over the pond

thats my thoughts  anyway

they are not quoted

any quoted business has to bail out, corporate responsibility to their shareholders

So rigged.

I got the impression Stars, Full Tilt, etc. aren't exactly sticking two fingers up.

It's more a case they are saying, our lawyers don't believe poker is covered by this act (due to the wooly wording) so it's business as usual until someone proves otherwise.