Nade Posted July 20, 2009 Share Posted July 20, 2009 Re: Pokerstars - New Guinness World Record Attempt 19th July 2009 I know they did it first but you know what i mean choosing to do it on the same day and time as FTP but with a lower buy-in after FTP had already set theirs up. Quote Link to comment Share on other sites More sharing options...
GaF Posted July 20, 2009 Share Posted July 20, 2009 Re: Pokerstars - New Guinness World Record Attempt 19th July 2009 I know they did it first but you know what i mean choosing to do it on the same day and time as FTP but with a lower buy-in after FTP had already set theirs up. But isn't that the nature of oligopolistic markets? Full Tilt are trying to misrepresent themselves to the uninformed as the biggest poker site in the world with the most players - Pokerstars have seen this and responded to deny their number 1 competitor this opportunity and reaffirm their status as the world biggest poker site - IMO FullTilt were pretty foolish to try and compete with stars in terms of size - they could never win - even with the same tournament buy ins (with the same overlay). Full Tilt have tried to deceive and Pokerstars have knocked them back in the best way they could - I think it's hats off to Pokerstars (and someone in Marketing at FullTilt should probably lose their job :tongue2) Quote Link to comment Share on other sites More sharing options...
wurzel133 Posted July 20, 2009 Share Posted July 20, 2009 Re: Pokerstars - New Guinness World Record Attempt 19th July 2009 But isn't that the nature of oligopolistic markets? any chance of this in english:loon Quote Link to comment Share on other sites More sharing options...
GaF Posted July 20, 2009 Share Posted July 20, 2009 Re: Pokerstars - New Guinness World Record Attempt 19th July 2009 Oligopolies are industries with a small number of dominant market operators (http://en.wikipedia.org/wiki/Oligopoly) - they tend to compete not on price but through other means. Their relationship with one another is characterised through Game Theory - in every action you take, you have to consider how your competitor(s) will respond (as opposed to competitive markets where all participants in an industry will tend towards equilibrium and individual companies actions will not influence the overall industry) - wow - my old economics teacher would be proud of me (as well as surprised :tongue2) Quote Link to comment Share on other sites More sharing options...
Nade Posted July 20, 2009 Share Posted July 20, 2009 Re: Pokerstars - New Guinness World Record Attempt 19th July 2009 The nail in the coffin for their attempt was putting a cap on the entrants at 50k :eyes Quote Link to comment Share on other sites More sharing options...
wurzel133 Posted July 20, 2009 Share Posted July 20, 2009 Re: Pokerstars - New Guinness World Record Attempt 19th July 2009 thankyou :ok sorry i am a thick country lad Quote Link to comment Share on other sites More sharing options...
avongirl Posted July 20, 2009 Share Posted July 20, 2009 Re: Pokerstars - New Guinness World Record Attempt 19th July 2009 The nail in the coffin for their attempt was putting a cap on the entrants at 50k :eyes I think that was just to fit in with their 'FIVE' promo too. Quote Link to comment Share on other sites More sharing options...
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