[SBR_John]

Originally posted on 02/13/2014:

I have no problem with publicly traded books in the US. When this happens I will support it. But you have to do your homework since your job is to rate books. You are like the Moody's of offshore books so if you give a book a high rating and the book declares bankruptcy you have not done your job well. Most posters will forgive the BI fiasco and the money lost if you do your own mea culpa.

Large books with long track records augmented by positive player experiences is the SBR bedrock. Both Cascade and BI were medium size, had great CS but couldn't boot winners. They wanted to be a Pinnacle. The lesson has been learned we can not trust small or medium size books. They can not withstand a direct hit. Bookmaker's owner went to jail for 4 years and they never missed a beat. Bodog had $20m+ snatched by the DOJ twice and kept trucking. The large books can weather severe adversity.