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Posts Tagged ‘Grudzien’

Grudzien Steps Down from StoxPoker Company

Thursday, April 29th, 2010

One of the issues with a growth in online gambling is the rise in crime. It’s no secret that a lot of opponents of legalizing online gambling are worried that the activity naturally brings a rise in money laundering, crime, corruption and addictions. They believe that countries are not prepared to handle the issues due to a lack of funding earmarked for additional policing agencies. Many legislators are against legalizing gambling but state that if the necessary safeguards were possible and in place, they may change their minds and open the door for gambling online.

One controversial company is StoxPoker.com. The website’s owner Nick Grudzien has been accused of mismanaging finances for players. The website is a well-known training website for gamblers all over the globe. With this issue, many players have left the business in search of a more reliable website to meet their gambling needs. To save the company Grudzien has stepped down as head of the company. His hope is that without his controversial activities, the company will be able to rectify itself and once again gain the good graces of gamers who left.

Despite the changes the company has had, there were plans to affiliate with CardRunners.com. The merger is scheduled to still happen as planned. Operators of each casino are hoping that the merger of the two poker giants will take the focus off of alleged illegal activities that have plagued the company’s owner for some time now. Prior to the release of the issues, the company stated its intention of merging together. There was a large promotional and advertising plan put together to cap off the festivities. It included a wide range of bonuses and specials for existing customers and for new customers to join the casino. Now that there is some trouble in the market for the company, operators still plan on going full thrust with their former plan. It is a difficult time for StoxPoker.com and only time will tell whether or not the company will be able to truly recover from the problems it has endured. Grudzien is hoping with his detachment from the actual company, the public perception of the company will once again be able to return to a positive one.

Grudzien Resigns from StoxPoker.com

Wednesday, March 31st, 2010

Nick ‘StoxTrader’ Grudzien is in a bit of trouble. It seems that earlier this year he was found to be using multiple accounts on FullTiltPoker.com and PokerStars.com. He also was accused of conspiring against the founders of StoxPoker.com at an online poker forum called TwoPlusTwo.com. Both are looked down upon in the market for a notable player and as a result Grudzien is now resigning from the online poker training website StoxPoker.com.

Throughout the controversy, Grudzien has consistently denied any wrongdoing. Though he did acknowledge his duplicate accounts at the two casino websites, he did state that he saw nothing wrong with the multiple gaming issue. Despite the problems, most likely Grudzien will rise out the wave of bad press and continue in on the market as a leader. The fact remains that he is an outstanding player who most likely will ride out the wave of problems he is having right now. Hopefully he will learn though to be more vigilant about his poker dealings.

This is one of the problems that a lot of opponents of online gambling talk about. They believe that legalizing online gambling will inevitably increase the amount of illegal or questionable activities in the market. They are citing a growth in crime, corruption and the temptation to act unethically as major reasons why online gambling should not be allowed. They believe that bringing it into various markets will create more and more problems that need to be regulated. And, without the proper safeguards in place to handle them, it may means sure disaster for many communities. For example, if gaming is legalized, it may create a growth in the number of online gambling addicts. Gamblers Anonymous locations are already stretched and they don’t have the financial resources needed to expand into more markets or to build more centers. This could create potential problems if a growing number of addicts enter the market and are unable to find the help they need to overcome the addictions. They may lose their financial footing, go into foreclosure, lose family and friends, etc. That will create even more problems for the market to shore up. Although Grudzien is allegedly contributing to the problem of unethical activity online, he most likely will learn his lesson and change his ways. If he is to stay in the market he loves, he will have to alter his ways of managing.