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Old 10-09-2006, 10:58 AM
mackthefork mackthefork is offline
Senior Member
 
Join Date: Mar 2004
Location: UK of A
Posts: 3,671
Default Re: Odds of Party collapsing on Saturday?

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PartyGaming owes its clients $192.6 million in liabilities and prize pools, while having only $132.9 million in cash and cash equivalents to meet that obligation.

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Even if people wanted to cash out more than $133 million, I find it likely that they can get a loan for a few millions, LOL

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You sir, are an idiot. Here is why:

1. You typed LOL
2. You typed it in ALL CAPS
3. You believe that someone is going to be willing to give Party a loan after they lose 85% of their player base and revenue stream and no longer look like they can remain profitable

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Hi

I doubt they will have a problem regaining profitablity very quickly, and I expect they will probably grow through the European market and be back at the current position within 3 years, even if they permanently lose US business.

Mack
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