[69] 10th May 2006 11:41

Submitted by: snoopy on Wed, 07/06/2006 - 8:44pm
 
I had a legal meeting yesterday afternoon at Frankie and Benny's, oppoisite the Club. Present was Andy, my licencing lawyer, 2 policeman and Nick. Andy is highly experienced in casino licencing, thats why I went to him, and thats why he's so god damn expensive. I asked Andy the direct question;

Me: "what happens if I get turned down for my Gaming Licence on 27th July, you do realise that there is no going back    now, I just can't get out with all the money I have invested and the commitments I have made?".

Andy : "I just can't see you not getting it. The Gaming Board are 99.9%, and I can't think of any reason why the magistrates would turn you down. In the event of being turned down, we will appeal to Crown Court, but I just can't see this happening".

Normally Lawyers are sceptical, but Andy seems so certain about this on the basis that the government need a test case for Poker Clubs, a "precedent", jumping through all the right hoops to get this legal process through. The 2 policeman were there as part of the liquor and gaming auditing process. I felt the meeting went well, although the police will be imposing some security conditions on the Club such as cameras and doorman.

I have finally signed the online poker contract direct with the room, not through a cage. They have asked us to keep stum until they annouce it to the stock market as they are a public listed company. In my wisdom I have decided to go with the online company that has the most expensive deposit, set up fee, support fee and % commision on the rake. One of the elements to my decision is that they have agreed to sponsor a monthly freezout at the DTD Club, they will guarentee the prize pool at 200 x the buy-in. This means that if we do a £500 Freezout (the monthly comps will vary from £250-£750), they will guarentee the prize pool at 100k. There are a number of other initiatives with the live club, and overall, I just felt they really understood the importance of the link between live and online play for DTD. As soon as it gets announced, I'll paste a copy on this thread.

I have a huge amount of admin to do all of a sudden. My inbox has 23 emails requesting documentation so I need to complete all of these today to make sure processes are not slowed down. I know that I could have probably delegated a lot of this legal/admin work, but I can't afford any mistakes in the set-up stages, I don't even trust the accountants and lawyers to always get stuff right, based on previous experience,  so I double check everything.

I'm not control freak, once the foundations are in securely, I have no problem with leaving people alone to do their jobs as long as they are hitting he targets, but there are so many donkeys around advising you who have a long list of qualifications but are about as useful as Chubbs on the 10-20 NL. We are setting up the first licenced poker club in the UK, its never been done before, so we are all playing UTG without looking at our hole cards.

That thread on "Nottingham Gala" yesterday really xxxxed me off, especially the unnecessary vidictive comments about DC. I know the guy who posted it pretty well, I always found him to be a really decent chap and have played on the same 8table with him and had a few drinks and laughs at the bar, can't understand why he would post something like that, I was shocked, and he also have a dig at me and DTD. Saying that TK was posting negatively about Notts Gala to get people to go to DTD, what planet is he on, DTD is not even open and is a totally different concept to Gala, we will both exist side by side appealing to different sectors of the poker community.

I'm used to people having a pop at me in general life, but that was a pretty disgusting post and left a bad taste in my mouth. I've had so many good times at Notts Gala, the only reason why I don't go anymore is because Nightfly is now an employee of mine, and I feel that going there would be a bit disrespectful to Gala. I miss all the bantor there, my last longer bets with Ash, Ali "bad of bollxxxx" playing 83 like it is AA........

Anyway, on a more positive note, I whipped Nick at squash last night..he's not ready