Odds of Party collapsing on Saturday?

[solucky]

panic= not a bad idea to invest ?? [img]/images/graemlins/smirk.gif[/img]

[Kamakize]

I agree I cashed out of Party. The Barrons' article isn't good news. Party has 84% of its customer base in the US. that leave them with 16%.

Why would any of us Americans leave money on the site that we can not use and have a possiblity to lose? Granted I had about $500 left on the site (only deposted $50 twice.. once after a bad atempt at Blackjack) the other $50 has been racked up well.
Party has been nice to me.. but I will go where we are welcomed. But i know some treaties between the US and the UK will cause partygaming to much risk.

[DuderinoAB]

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I agree Party won't fold, but why wouldn't an American cash out before Friday?

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Because they'd be losing money by playing in tighter games elsewhere.

[fyodor]

I apologize. I was wrong. I thought US customers could continue to play, just no longer deposit.

I just reread Party's faq. All US based customers will be banned from playing. May as well take your money and run.

[Kamakize]

This is intresting.. as reported in barrons and other parts of this forum:

MORE TROUBLE COULD LIE ahead for PartyGaming. Gamblers anxious to clear out their accounts could cause a run on the bank. For according to the company's June 30, 2006, balance sheet, 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. And those cash holdings are likely to have fallen sharply, because of $130.5 million of cash spent on an acquisition in August. Meanwhile, The Financial Times reported the cancellation of a $500 million bank credit line that the company had made some use of. PartyGaming recently cancelled a $115 million special dividend to shore up its cash.

They may go belly up if every american cashes out.
but again if you have less than $50 you are SOL.

[Canard]

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80% of their customers will NOT be pulling out every cent. Just the paniced losers.

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maybe i missed it somewhere but can someone post a link to where the breakdown of Party's customer base by continent is listed?

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Party has said the US base was around 75% of their business.

There are so many articles claiming anywhere from 65-84% that there's no way to know the actually number, but somewhere around 75%.

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50% of customers producing 75% of revenue iirc.

[Gomez]

200:1

[Uglyowl]

If most Americans cashed out at this very moment, I would think it would just take Party time to settle everything.

No guarentees in life though.

[JPFisher55]

25%

[1p0kerboy]

The Roof...

The Roof...

The Roof... is on FIRE!