An optimal long term strategy after you steered into the iceberg ?
I'll try and explain again ...
Party's fleeing the US as part of a "long term strategy to reenter the US at a later date" made perfect sense, sort of like the Titanic passengers climbing into the lifeboats as part of a "long term strategy to get back to England".
However the Party better course would have been to block the UIGE Act (for say $300 million), rather than hit the iceberg. For that, Mr. Garber's team deserves to be critiqued, especially when he tries to spin away from his abject failure to steer a safe course, losing at least $800 million in the process.
However, Oliver, I see we have totally switched topics again, since you have nothing more to say about China, Russia and Party's gaffe in not fighting the legislation tooth and nail.
Today's new topic is a spin to re-direct the thread to whether Pokerstars and FTP "wanted to stay private". (The answer is clearly no, as both had IPOs in the works. That is kind of irrelevant to anything I posted about the relative risk-adverse Party-come-lately public shareholders.)
As for the "marketing analysis" Oliver offers, that is a non-sequitor, indicate of nothing related to Party's wisdom or not in laying down for the UIGE Act passage or fleeing the market.
1. He ignores Absolute, which has been aggressively promoting its DotNet on television.
2. Fails to appreciate that throwing money at television commercials, rather than sponsored progamming, was already an area of diminishing returns.
3. WHERE does he think the increases at Absolute/UB, PStars and FTP came from .... seems the marketing, whehter private or public has had an effect.
Finally, Oliver is STILL not understanding the difference between a market (an economic concept) and regulation (a legal concept). He is really stuck conceptually on government regulation, citing Spain and Italy as the targets for an Absolute poker campaign favoring MC and VISA depositors. .... (FWIW, a campaign to promote Visa/MC does not ignore the US at all, Oliver. There is such a thing as uncoded transactions. It is more likely aimed at moving US players away from Neteller, a US-specific move.)
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