Wednesday, August 17, 2005

Pretty interesting story about a poker start-up that plans to pay players dividends (and potential conventional shares in the event of an IPO) based on the number of raked hands they play every month:

Online poker start-up to offer players ownership stakes

Gotta give them credit for trying something new, even if in practice it turns out to be yet another ho-hum poker site with little traffic. That's a pretty damn smart idea, as far as cashing in on both poker and cashing in on the desire of people to somehow get in on the ground floor of a successful start-up and make millions, etc. I doubt they'll ever actually float an IPO, so the reality is that you'll only see "dividends" every month, which are essentially rakeback paid directly to players, if you strip away everything else.

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