Changes @ Mansion Helm

THE SHRINK · Feb 11, 2005

Noreaga,

I was waiting to see how long it would take for someone to bring up a failure. However, I would say that this site and all of our posters has saved people far more than it has cost them...

I am far from perfect and I have made my share of mistakes...

But, as far as I can tell, and I happen to be very close to this Mansion situation since I have money over there, you will not get stiffed...

If you don't want to play there, then don't...

But, I do know that they piss away more sheckles than most people accumulate in their lifetimes...

THE SHRINK

Noreaga+ · Feb 11, 2005

Shrink,

anyone would be naive not to take what you, or any other forum owner says, with a gain of salt. after all... they are paying to be on your site. that isn't a knock against you.

However, you have to expect people to remember those failures when you are promoting a book.

While we are on the subject, what do you know about Platinum, and fi it is true robbie the stiff is behind it, why let them hang a banner here?

ApolloKid · Feb 11, 2005

Please no one jump down my throat as I have an honest question here and I don't mean to start a p--sing match.

If they've really lost 20 million, how can they A. stay in business and B. expect to make a profit dealing -105 with good numbers (for players).

I have no money there. I don't know anyone. I'm just your average player who really likes to get down. I'd really like to play there with those numbers in college hoop. I save so much money at Pinny by getting reduced juice. I'd like to save more.

Is is possible to turn profit after taking that kind of loss? I don't know and that is why I am asking you guys who know a lot more about the offshore world than me.

Thanks in advance,
AK

THE SHRINK · Feb 11, 2005

Noreaga,

I am not nearly as close with the Platinum situation as I am with Mansion. I do know that Mac, their linesmaker, who I admire a lot, left them.

It would be safe to say that I have my concerns and I am not afraid to say so..

Since I don't own this site any longer, it is easier for me to be much more objective...

THE SHRINK

Noreaga+ · Feb 11, 2005

Shrink im not trying to take a dig at you, thats not my intention. my blood gets goin when I'm reminded of Pan Am.

anyway, Im looking forward to your ODU play tomorrow

THE SHRINK · Feb 11, 2005

Noreaga,

I feel awful about Pan Am too, so I understand...

Have a great night and thanks for all that you do for this site...

You are a tremendous asset and I appreciate you...

Ken

D2bets · Feb 11, 2005

Apollo, they can stay in business because they have cash. Just seems that the owner is extremely wealthy and is a huge gambler. So he's down 20 mil? If you were a big wealthy gambler would you just stop because you're down 20 mil. If you got billions, 20 mil isn't gonna kill ya. On the other hand, a person doesn't became filthy rich by being an utterly stupid businessman. If he sees he can't make it work then he'll take his lumps and try something else. But by all accounts the owner seems like a huge gambler with a reputation to uphold. If you think about it, that's actually a better structure than having a "coproate" type structure that can just declare bankruptcy at the drop of a hat.

ApolloKid · Feb 11, 2005

Thanks D2.

I'll see what happens with them. Your theory makes sense. I never posted up at Pan Am, but almost did. Now I wonder when everyone starts talking about a book.

Thanks again.
AK

Concorde · Feb 11, 2005

-----Original Message-----
From: concorde [mailto:concordefly@yahoo.com]
Sent: 12 February 2005 04:31
To: customerservice@mansion.com
Subject: Rumors

Dear Mansion,

I have heard some rumors on the forum and i would love to get an answer about these , if possible.

Thanks,
Kindest regards
http://forum.therx.com/showthread.php?t=258727&highlight=MANSION
http://forum.therx.com/showthread.php?t=259499&highlight=MANSION

----- Original Message ----- From: CustomerService
To: concorde
Sent: Saturday, February 12, 2005 4:53 AM
Subject: RE: Rumors

Hello Chris,

Thank you for your e-mail.

We cannot comment on any information you have seen on a forum. However, we can confirm the following:MANSION has very strong financial backing and we aim to be the #1 online gaming company. We are in the market for the long term and are serious about building the lead position. The MANSION Exchange will be commission free at least until the end of the current English Premier league and we intend the margins on our Sportsbook to be one of the most competitive around. MANSION banks with National Westminster Bank plc, (a subsidiary of the Royal Bank of Scotland) where customer funds are held in a segregated client account in London. MANSION also has a merchant relationship with Barclaycard Merchant Services in the United Kingdom. MANSION is fully licenced by the Government of Gibraltar to undertake its trade. To obtain these licences and banking relationships, a significant due diligence exercise on the Company was undertaken by the Government and our financial services providers. We hope this goes some way to putting your mind at ease.

Kindest regards,
Jamie

MANSION Member Services
www.mansion.com
"Where The World Plays"
Email: customerservice@mansion.com
Tel: +350 41000

Halifax · Feb 12, 2005

TOW said:
He has a reputation to maintain at the highest levels ( Buckingham Palace in the U.K. ).

I'm told that QE II herself is vouching for Mansion. :suomi:

Halifax · Feb 12, 2005

THE SHRINK said:
Fish,

You are the ONLY person I know who has, lol...:drink:

Well now you know 2 people who have lost there ... although I won a fair amount of it back on the Steelers-Patriots game.

nimue77 · Feb 12, 2005

I think people are wrong to assume that Pinnacle dislikes Mansions existence, at least at this point. I tend to think Mansions existence has only increased pinnacles profit.

WalkofLife · Feb 12, 2005

Fellas;

The only reason I posted this info is for players to stay updated. You can tell a lot by the changes in management of a company.

Noreaga;

I respect you as a poster, but let's face it. Being a gambler means being a risk-taker. If you choose to gamble for a living or because you seek the thrill of rooting for a team while you munch on some hot wings served by a big-busted hottie... it's your choice to do so.

Let's not be naive: Business is business. The fact that mansion chooses to advertise on the RX does not mean this web site should be held responsible for all the money that you choose to send them as a sponsor. It only means the RX has been successful to market and sell its product; that product is exposure.

This is how I see it. Sportsbook X wants to get players, they pay for an online sponsorship at a web site where players come to get info.

What the player does after getting the info, it's entirely HIS responsibility. His personal responsibility.

The power of a forum resides in the possibilities to openly discuss business. The fact alone that this thread is being offered for you to post your opinion is the very goal of this forum. Hence, the RX has accomplished their mission.

Thr bottom line is this, Noreaga... you're ultimately responsible for managing your funds. You like a book, you play at that book. You don't like a book, don't play at that book. You got no one to blame but yourself if you fail to manage your funds successfully.

I, for once, am thankful for the opportunity given by this forum to openly discuss this topic. I believe listening to feedback from posters like Halifax and D2bets is all you can ask for.

I do not believe Shrink should explain to you why this web site takes on a sponsor. Why does anybody in this industry advertise a book??? Let me tell you... it all boils down to MONEY. And that's no different than any other industry, people are doing business to make a buck... not to replace personal accountability.

Stop whining, girl... you're breaking my fvcking heart...:toothless... Shrink has been kind enough to post what he knows. That's quite a statement unto itself.

drunk · Feb 12, 2005

All I can add is that I have been paid large sums with no problems. More than I can say about 90% of the books around. I do however proceed with caution and take advantage of their free NT w/d and deposits and pretty much deposit as I play and w/d as I win. I could also say in now way is this place Pan-Am, not even close. Yes they hae been losing, and yes I feel they need too change their approach, but I can say this, all those figues about them losing 20 mil, I can say with 100% certainity those figures are not accurate. Mansion bets out alot, so those numbers are not included in their 20 mil figure. Like pinny their approach is too take on the sharpest around and bet out the games. Whether or not they can be as smart as pinny is up in the air.

Woody0 · Feb 12, 2005

I'm with D2bets on this. The loss of face to a wealthy Asian business man simply precludes declaring bankruptcy. It's unthinkable in that culture.

peteep · Feb 12, 2005

According to TOW, the owner is Putera Sampoerna. This guy is listed as having net worth of $1 billion by Forbes. If this info is accurate I would have no problem feeling safe keeping money there.

Noreaga+ · Feb 12, 2005

Walk of life,

No The RX cannot be responsible for what a sponsor does... but they can be responsible for which books they allow on board. Thats just my take. I know better than to just blindly send money to a sportsbook because they have a banner somewhere.. but I promise there are people totally new to the offshore world that will see this site, and will blindly send money to books up top.

JayC · Feb 12, 2005

I just checked Forbes and did not see his name on the billionaire's list.

His company has a market cap of about $3 billion US, next step is to find out what percent of the company he owns. Could be a lot, could be a little.