PartyGaming Annual Profit Slumps 56 Pct.
 

Partgaming released its numbers today, any suprises, are the numbers better then expected or worse?

heres the link to forbes



web page

Re: PartyGaming Annual Profit Slumps 56 Pct.
 

I dont see how a 56% drop can be explained by just the US being gone for 2 months

Re: PartyGaming Annual Profit Slumps 56 Pct.
 

Fixed costs, severance packages, etc.

Re: PartyGaming Annual Profit Slumps 56 Pct.
 

[ QUOTE ]
I dont see how a 56% drop can be explained by just the US being gone for 2 months

[/ QUOTE ]

Yeah but dude, everyone cashed out

Re: PartyGaming Annual Profit Slumps 56 Pct.
 

everyone cashing out should not mater for PROFITS. Only effect would be a 3-5% fee for payment processing.

Re: PartyGaming Annual Profit Slumps 56 Pct.
 

[ QUOTE ]
Fixed costs, severance packages, etc.

[/ QUOTE ]
Acquisitions, restructuring...

Re: PartyGaming Annual Profit Slumps 56 Pct.
 

[ QUOTE ]
everyone cashing out should not mater for PROFITS. Only effect would be a 3-5% fee for payment processing.

[/ QUOTE ]

Hello interest gained on deposited funds???

Re: PartyGaming Annual Profit Slumps 56 Pct.
 

Also, "profit" |= "revenue"

Re: PartyGaming Annual Profit Slumps 56 Pct.
 

[ QUOTE ]
[ QUOTE ]
Fixed costs, severance packages, etc.

[/ QUOTE ]
Acquisitions, restructuring...

[/ QUOTE ]

Re: PartyGaming Annual Profit Slumps 56 Pct.
 

[ QUOTE ]
I dont see how a 56% drop can be explained by just the US being gone for 2 months

[/ QUOTE ]

Some of it will be marketing expenses in the USA. Party did try to sell prepaid spots, expensed in the 4th qtr, but there were still plenty of TV advertising in the USA I saw post Oct 13th.