Bill Ricardi - Brave Little Toaster

The rumors of Tribeca letting go of 30 percent of their staff were
denied by a company spokesman yesterday, who claimed it was a handful
of layoffs due to project cancellation.

The Tribeca spokesman said: "We certainly have not released anyone from
the UK. I believe we have released a couple of development engineers
who were working on future projects. These were some light-weight
functionality projects that were terminated by us. It is certainly
nothing like 30 percent of our staff. All the customer support staff
are still in place for a smooth transition of the European facing
accounts to the Playtech platform."

For those not following this: A couple weeks ago, Tribeca announced
that they would transfer all assets available to them over to the
Playtech network (which excludes U.S. players). A whole lot of
regional poker rooms are going to become Playtech rooms at the end of
May / early June.

I say 'available to them' because Doyle's Room and Golden Palace have
both chosen to continue to deal with U.S. players, and won't be part of
the deal. Their software license status is being worked out.

Keep an eye out for more on this. It's one of those things that's more
important than it sounds, because so many players have no idea what the
software companies behind poker rooms are even named, forget about
their goings-on. Playtech is about to become one of the biggest poker
software provider / online poker room builder in the world.