how much money are we talking about?

[PokerBob]

i'm still in shock about this whole thing. assuming that you ran party, how much money did you just lose (yearly) by allowing this to happen?

i honestly have no idea. 50 million? 10 million?

[bluey]

million?

[LooseCaller]

i think it's a much much larger number than that.

[New001]

The number I recall was they made $150M last year from non-American customers. If the US was 70% of their business, you can do the math from that.

[Nate tha\\\' Great]

Party lost roughly $2.5 billion of market value within five minutes today.

[ipp147]

Well in the latest 6 months results,

[ QUOTE ]
• Revenues up 51% to $661.9m (2005: $437.4m) with continued growth in poker
and very strong growth in casino; non-US revenues up 151% to $149.8m
(2005: $59.8m)



[/ QUOTE ]

Obv revenue is not earnings etc but long term this will hurt them bad.

[whiteladder81]

first half of this year 512 million of pp revenue came from US customers.

http://www.partygaming.com/images/docs/interim_results_070906.pdf

page 20

[Dynasty]

[ QUOTE ]
Party lost roughly $2.5 billion of market value within five minutes today.

[/ QUOTE ]

Their stock had a high of 158.00. It closed on Friday at 107.00 It's now in the mid 40s.

[sorry4me]

they will lose 250-300 million/year in profits ... leaving them 100-150 million in profit. IMO

[tagtastic]

[ QUOTE ]
i'm still in shock about this whole thing. assuming that you ran party, how much money did you just lose (yearly) by allowing this to happen?

i honestly have no idea. 50 million? 10 million?

[/ QUOTE ]

You vastly underestimate the earning potential of rake. The yearly total is in the billions for sure.

[Ron Burgundy]

Phil Ivey will have a bigger bankroll than Dikshit aahhahha.

[PokerBob]

[ QUOTE ]
Party lost roughly $2.5 billion of market value within five minutes today.

[/ QUOTE ]

in the movies, people get killed for a fraction of that. am i really to beleive that online poker, the massive cash cow that it is, will never ressurect in the US? maybe it won't, but i just have a hard time believing that all of that potential earn is gonna go untapped.

[mrhat187]

What was party's market share wasn't it around 12%? I can't remember the exact number and it was a while back, but figure atleast 1.5 billion a year total....take away 80% for US customers. OOhhh in the neighborhood of 1.2 billion /images/graemlins/wink.gif.

[RikaKazak]

online casinos are losing BILLIONS

party is losing hundreds of MILLIONS

I knew a story of a cheating husband whose wife hired a hitman for $5,000....why did this not happen?

[Unabridged]

[ QUOTE ]
online casinos are losing BILLIONS

party is losing hundreds of MILLIONS

I knew a story of a cheating husband whose wife hired a hitman for $5,000....why did this not happen?

[/ QUOTE ]

we still have time, ink has not touched paper

[MasterLJ]

[ QUOTE ]
online casinos are losing BILLIONS

party is losing hundreds of MILLIONS

I knew a story of a cheating husband whose wife... [baked him a pie /images/graemlins/smile.gif

[/ QUOTE ]

Dude, I'd edit that with a quickness. What you are even vaguely implying is a Federal Offense.

[RikaKazak]

[ QUOTE ]
[ QUOTE ]
online casinos are losing BILLIONS

party is losing hundreds of MILLIONS

I knew a story of a cheating husband whose wife... [baked him a pie /images/graemlins/smile.gif

[/ QUOTE ]

Dude, I'd edit that with a quickness. What you are even vaguely implying is a Federal Offense.

[/ QUOTE ]

dude, it was a joke...chill

I hate the U.S. but not enough to actually KILL someone...jesus

edited to add: the REAL reason I hate the U.S. is actually over Iraq (killing innocent people etc.) not this gay anti gambling stuff.

[Unabridged]

someone needs to write Bush and tell him if he signs the bill you will release a video of him snorting coke off the ass of a 15 yr old girl

[five4suited]

[ QUOTE ]
[ QUOTE ]
Party lost roughly $2.5 billion of market value within five minutes today.

[/ QUOTE ]

in the movies, people get killed for a fraction of that. am i really to beleive that online poker, the massive cash cow that it is, will never ressurect in the US? maybe it won't, but i just have a hard time believing that all of that potential earn is gonna go untapped.

[/ QUOTE ]

oh, it will bob. it's just that the company will be headquartered in texas.

[PokerBob]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Party lost roughly $2.5 billion of market value within five minutes today.

[/ QUOTE ]

in the movies, people get killed for a fraction of that. am i really to beleive that online poker, the massive cash cow that it is, will never ressurect in the US? maybe it won't, but i just have a hard time believing that all of that potential earn is gonna go untapped.

[/ QUOTE ]

oh, it will bob. it's just that the company will be headquartered in texas.

[/ QUOTE ]

fine. let's get it up and running asap.

[xxThe_Lebowskixx]

someone pmed who had a econ professor who predicted this reaction. he also siad to expect to see it regulated and legalized eventually in USA.

[Justin A]

[ QUOTE ]
someone pmed who had a econ professor who predicted this reaction. he also siad to expect to see it regulated and legalized eventually in USA.

[/ QUOTE ]

I've expected this also.

[rowdyclassmate]

Doubtful anything would find it's way in Texas, the only gambling done there is bingo! No casinos, etc.

Re: Lebowski. Eliminate the competition, create a few poker sites in ND, legalize and tax those and you have a splendid business model!

[tagtastic]

[ QUOTE ]
someone pmed who had a econ professor who predicted this reaction. he also siad to expect to see it regulated and legalized eventually in USA.

[/ QUOTE ]

Oh I'm sure it will be. The time in between (ie: now) is gonna suck hard though.

Prohibition lasted 13 years.