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Where does all the rake money go???

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  1. nzsonlypro nzsonlypro is offline

    New Zealand

    Posts: 27
    Joined: Sep 10

    Sep 28th, 2010 (9/28/2010 2:28am)

    Hi all, ive spent a bit of time on google looking for stats on FTP and pokerstars earnings with no success.
    These sights clearly make an absolute killing in rake, where the hell does all that money go.

    I would think results would come up like "Poker stars donate 10million to tsunami relief fund" but i am yet to find anything.

    Anyone got any juice on annual profit of tilt and stars... also any idea where all the cash goes?
  2. evzyy evzyy is offline

    United Kingdom

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    Sep 28th, 2010 (9/28/2010 2:30am) in reply to nzsonlypro

    To the corporate fat cats. Fuck the world.
  3. nzsonlypro nzsonlypro is offline

    New Zealand

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    Sep 28th, 2010 (9/28/2010 2:38am) in reply to evzyy

    Who are these corporate fat cats who own these sites?
    Why is there no info on the net?
    Thread Starter
  4. jusfoldf1sh jusfoldf1sh is offline

    United States

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    Sep 28th, 2010 (9/28/2010 2:41am) in reply to nzsonlypro

    http://www.pocketfives.com/f7/your-thoughts-601575/
  5. matze_widi matze_widi is offline

    Stuttgart
    Germany

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    Sep 28th, 2010 (9/28/2010 2:44am) in reply to jusfoldf1sh

    bling bling obv
     
  6. nzsonlypro nzsonlypro is offline

    New Zealand

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    Sep 28th, 2010 (9/28/2010 2:46am) in reply to jusfoldf1sh

    There is this http://en.wikipedia.org/wiki/PokerStars
    Im looking for more info though.
    Maybe evidence of donations especially.
    Thread Starter
  7. poisoneye1986 poisoneye1986 is offline

    Cincinnati, OH
    United States

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    Sep 28th, 2010 (9/28/2010 2:48am) in reply to nzsonlypro

    pay employees, freerolls, owners pockets, research and development, fixed and variable costs,
  8. nzsonlypro nzsonlypro is offline

    New Zealand

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    Sep 28th, 2010 (9/28/2010 3:01am) in reply to poisoneye1986

     
    Originally Posted by poisoneye1986 View Post

    pay employees, freerolls, owners pockets, research and development, fixed and variable costs,

    Are you saying you are one of these corporate fat cats?
    Anyone would know that over 1million in rake per day is not possible to spend, online sights have super low overheads...
    maybe spend 50k a day running the sight absolute maximum... actually that's off the hook... probably 20k max to run the site per day if not less.
    Thread Starter
  9. R_Webb18 R_Webb18 is offline

    Cincinnati, OH
    United States

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    Sep 28th, 2010 (9/28/2010 3:09am) in reply to nzsonlypro

    stars made $488,600 for hosting the wcoop mainevent.
     
  10. MarleyGroup MarleyGroup is offline

    Costa Rica

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    Sep 28th, 2010 (9/28/2010 3:09am) in reply to R_Webb18

    Iveys private jet fuel
     
  11. nzsonlypro nzsonlypro is offline

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    Sep 28th, 2010 (9/28/2010 3:16am) in reply to MarleyGroup

    I dont know about you guys but i personally think that the amount of money these guys are pulling in is absolutely off the hook.
    I see no evidence of donations to help anybody... only sponsoring poker tournaments where they get advertising and make more money.

    Do you guys think regular payments of "OUR" rake money should be getting spent on relief funds etc?
    Thread Starter
  12. poisoneye1986 poisoneye1986 is offline

    Cincinnati, OH
    United States

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    Sep 28th, 2010 (9/28/2010 3:16am) in reply to nzsonlypro

    they do lots and lots of marketing, have pple site pros. im not sure what ur looking for its just like any other business. taxes
  13. mapunk mapunk is offline

    Encinitas, CA
    United States

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    Sep 28th, 2010 (9/28/2010 3:17am) in reply to nzsonlypro

     
    Originally Posted by nzsonlypro View Post

    Are you saying you are one of these corporate fat cats?
    Anyone would know that over 1million in rake per day is not possible to spend, online sights have super low overheads...
    maybe spend 50k a day running the sight absolute maximum... actually that's off the hook... probably 20k max to run the site per day if not less.

    Site tho....

    And you really think a site like pokerstars has an operating cost of only $20k/day?? I'd say go up quite a bit
     
  14. leakinmoney leakinmoney is offline

    Hicksville, NY
    United States

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    Sep 28th, 2010 (9/28/2010 3:21am) in reply to nzsonlypro

    lol why would a privately owned company want to give away the money they are making... u see the reason they run these sites is to make a profit n the more money they make the better for them fuck the rest of the world survival of the fittest imo
     
  15. nzsonlypro nzsonlypro is offline

    New Zealand

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    Sep 28th, 2010 (9/28/2010 3:38am) in reply to mapunk

    Go on then, show a little of your workings.
    They do not buy in raw materials and then manufacture them like most large companies.
    servers etc last for years... 1 days rake would most likely pay to replace them all too.

     
    Originally Posted by poisoneye1986 View Post

    they do lots and lots of marketing, have pple site pros. im not sure what ur looking for its just like any other business. taxes

    I dont understand why you are backing them up... do you have your fingers in the cookie jar?
    Thread Starter
  16. canad010 canad010 is offline

    Minneapolis, MN
    United States

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    Sep 28th, 2010 (9/28/2010 3:38am) in reply to nzsonlypro

    *site
  17. toddm902 toddm902 is offline

    Madison, WI
    United States

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    Sep 28th, 2010 (9/28/2010 3:39am) in reply to nzsonlypro

    Do you make sure your mortgage broker donates enough? How about your credit card company?



     
    Originally Posted by nzsonlypro View Post

    Do you guys think regular payments of "OUR" rake money should be getting spent on relief funds etc?

  18. melissa2141 melissa2141 is offline

    Austin, TX
    United States

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    Sep 28th, 2010 (9/28/2010 3:42am) in reply to toddm902

    you are largely miscalculating many expenses that come w/ these sites, support (albeit FTP's sucks), fpp payouts, freerolls, pros, advertising, marketing/promotions, research/development, etc etc. its more than just a large server sitting in a room. plus where in business was it ever said that you had to donate it, disclose it, or whatever it is that you suggest. its no different than most other businesses.

    edit: if it really bothers you don't play on their sites...
    Edited By: melissa2141 Sep 28th, 2010 at 03:44 AM
     1
  19. mdshack14 mdshack14 is offline

    Auburn Hills, MI
    United States

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    Sep 28th, 2010 (9/28/2010 3:44am) in reply to melissa2141

    I fell like this is one of those posts where no matter what is given the OP really won't care.
     
  20. toddm902 toddm902 is offline

    Madison, WI
    United States

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    Sep 28th, 2010 (9/28/2010 3:47am) in reply to mdshack14

    since 6 of his 7 posts seem to be in this thread I am guessing he is just trying to start an argument or something.....
  21. nzsonlypro nzsonlypro is offline

    New Zealand

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    Sep 28th, 2010 (9/28/2010 3:52am) in reply to toddm902

     
    Originally Posted by toddm902 View Post

    Do you make sure your mortgage broker donates enough? How about your credit card company?

    Yes, my mortgage broker and credit card are the same company, they put up the funds to sponsor a lot of events, cricket matches community events etc.
    They also put up funds for st john ambulance service (non government funded) and also the ambulance helicopter also non government funded here.

     
    Originally Posted by toddm902 View Post

    since 6 of his 7 posts seem to be in this thread I am guessing he is just trying to start an argument or something.....

    If you want to call this an argument...
    http://en.wikipedia.org/wiki/Argument

     
    Originally Posted by mdshack14 View Post

    I fell like this is one of those posts where no matter what is given the OP really won't care.

    No way man, i just want to know where all the money goes. dont you?
    Thread Starter
  22. poisoneye1986 poisoneye1986 is offline

    Cincinnati, OH
    United States

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    Sep 28th, 2010 (9/28/2010 3:53am) in reply to nzsonlypro

    their probably definitly banking no doubt. but i think ur underestimating what goes into running a site. i couldnt name it all. im sure they have very nice large office buildings, gaming licenses, the gaming client that brings us all connection (im not sure but i think ur estimate could be wayy off but i nor you have no way of knowing), employees, security equiptment, marketing, they probably are paying engineers to make advances in software, and various other employees for so much more, their rewards program and store, deliveries, they may need to pay financial institutions to work the credit card transactions, accountants, managers, etc etc for types of employees they pay. i could probably think of more things that go into owning an enterprise but i think you get the idea.
  23. Ahurazor Ahurazor is offline

    Bathurst
    Australia

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    Sep 28th, 2010 (9/28/2010 3:54am) in reply to poisoneye1986

    its a business, cant really add anything which has not already been added, they pay wages,sponsorships,marketting,server costs, gaming licenses, all sorts of legal shit im sure, certain amount of rake goes to points so we can buy free items with them. Why should they be obligated to give away large quantities of their profits?
    if you come up with a great idea thats gonna make u a millionaire go with it i say, why would u give most of it away to still be raking it in, but only to the tune of hundreds of thousands instead of mils.

    no issue with what they are doing, plus they are promoting the game we all love, keeps us all in business.
    279 2
  24. supra1988t supra1988t is offline

    Cary, IL
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    Sep 28th, 2010 (9/28/2010 3:58am) in reply to Ahurazor

    lol @ you expecting them to donate
    649 
  25. jusfoldf1sh jusfoldf1sh is offline

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    Sep 28th, 2010 (9/28/2010 4:02am) in reply to supra1988t

    they just gave away right at 1m in the 50b hand promo

    thats 1 hell of a donation imo
    Edited By: jusfoldf1sh Sep 28th, 2010 at 04:02 AM
  26. chk_blaze chk_blaze is offline

    Washington, DC
    United States

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    Sep 28th, 2010 (9/28/2010 4:02am) in reply to jusfoldf1sh

    They operate to make a profit.... don't understand your concern. Pretty confident that nobody who has posted so far has any real knowledge of how much money it takes to run these kinds of sites. Without knowing how much money it takes to operate these sites, its impossible to say how much profit they are making.

    If you have an issue with businesses making money, then go to russia, prick!
  27. nzsonlypro nzsonlypro is offline

    New Zealand

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    Sep 28th, 2010 (9/28/2010 4:03am) in reply to chk_blaze

    Thanks guys and gals, all great points.
    There were a few expenditures in there that i hadn't thought of, i still think its a very interesting subject though.
    Thread Starter
  28. nzsonlypro nzsonlypro is offline

    New Zealand

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    Sep 28th, 2010 (9/28/2010 4:06am) in reply to chk_blaze

     
    Originally Posted by chk_blaze View Post

    They operate to make a profit.... don't understand your concern. Pretty confident that nobody who has posted so far has any real knowledge of how much money it takes to run these kinds of sites. Without knowing how much money it takes to operate these sites, its impossible to say how much profit they are making.

    If you have an issue with businesses making money, then go to russia, prick!

    Wow i didnt realise asking questions around here was so offensive, im sorry if i offended you in any way.
    I will refrain from asking questions in the future, sorry if i got your panties in a twist.
    Thread Starter
  29. chk_blaze chk_blaze is offline

    Washington, DC
    United States

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    Sep 28th, 2010 (9/28/2010 4:10am) in reply to nzsonlypro

     
    Originally Posted by nzsonlypro View Post

    Wow i didnt realise asking questions around here was so offensive, im sorry if i offended you in any way.
    I will refrain from asking questions in the future, sorry if i got your panties in a twist.

    Wasn't trying to be offensive, but your question seems to be pretty trivial.


    Where does all the money spent on hamburgers at McDonalds go?
  30. nzsonlypro nzsonlypro is offline

    New Zealand

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    Sep 28th, 2010 (9/28/2010 4:17am) in reply to chk_blaze

     
    Originally Posted by chk_blaze View Post

    Wasn't trying to be offensive, but your question seems to be pretty trivial.

    Where does all the money spent on hamburgers at McDonalds go?

    A lot in my country goes to dairy farms (beef producers) growers (lettuce, tomatoes) trucking companies moving the goods etc rent on the thousands of outlets the have etc..
    Thats why i had these questions... because as it seems poker sites have fairly low overheads... but people have now cleared it up to me the different overheads they have that mcdonalds may not require.
    Thread Starter
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