[Wongboy]

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Unfortunately, Party will probably not go under. It would be better if they did.

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That would be an absolute disaster for poker. If even a handful of people got burned by Party in the upcoming rush to cashout, it might spell the end of the average person trusting their money with an offshore gambling company.

For all our sakes, let's hope things go smoothly and we're all happily playing on Stars or wherever next week.

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I agree with both positions on this. If a number of average people lose funds on Party, that would be a bad thing. If Party makes good on all deposits, and then slowly dies away and goes out of business in 6-12 months, that would be a great thing.

The latter scenario would go something like this. Party makes good on all deposits and this puts them into an immediate cash flow crises. Their Lines of credit are cancelled because they fail various liquidity covenants. As a result, Party cuts all non-essential expenses like marketing and customer service (not much room to cut there). They also discontinue bonuses, scale back guarantees and other player incentives, etc. By the time the death knell finally sounds, there are a few players that get burned, but most players (US and non-US) will have cashed out and switched sites long ago.