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#91
10-09-2006, 11:19 AM
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Re: Odds of Party collapsing on Saturday?
[ QUOTE ]
[ QUOTE ] 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 [/ QUOTE ] Yes I do. They will find the few lacking millions somewhere to pay the cashouts of the American fish. The company is still worth it. There are many successful European sites already anyway [/ QUOTE ] You sir, are an optimist. I wish this wasn't happening, I was enjoying my run on there the last few months. But I can't see them remaining profitable or having customers with a lot of faith in their service once the U.S. player base is wiped out (especially if there are problems with paying everyone, although my cashout was without issue) 
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#92
10-09-2006, 11:29 AM
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Re: Odds of Party collapsing on Saturday?
[ QUOTE ]
[ QUOTE ] 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 [/ QUOTE ] I must disagree about your "very quickly" statement. If they cut off all U.S. players and go from 100 players down to 15, how many games do you think they'll have running? Not many. Now you'll have a domino effect, as some of the Euro/Asian players leave Party for greener pastures and fuller tables or better table selection. So now you're down more than 85% of your player base, and so forth. [/ QUOTE ] The US market is fairly mature now, the European market is still growing at well over 150% a year, whilst the US market is good to have, it is not the end of the world when it goes, European business will eventually eclipse US business, in addition it is a safer market, as we don't tend to ban legitimate foreign companies from trading fairly over here. Mack
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#93
10-09-2006, 11:36 AM
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Re: Odds of Party collapsing on Saturday?
[ QUOTE ]
[ QUOTE ] [ QUOTE ] 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 [/ QUOTE ] Yes I do. They will find the few lacking millions somewhere to pay the cashouts of the American fish. The company is still worth it. There are many successful European sites already anyway [/ QUOTE ] You sir, are an optimist. I wish this wasn't happening, I was enjoying my run on there the last few months. But I can't see them remaining profitable or having customers with a lot of faith in their service once the U.S. player base is wiped out (especially if there are problems with paying everyone, although my cashout was without issue) [/ QUOTE ] You sir, display a complete lack of knowledge about the poker business... I suggest you read thru the financials of several i-gaming firms before spouting out this silliness...
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#94
10-09-2006, 12:55 PM
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Re: Less likely than the Antigua news conference Monday being snowed out
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#95
10-09-2006, 01:05 PM
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Re: Odds of Party collapsing on Saturday?
[ QUOTE ]
You sir, display a complete lack of knowledge about the poker business... I suggest you read thru the financials of several i-gaming firms before spouting out this silliness... [/ QUOTE ] So you believe that after Party wipes out 85% of it's players that the entire 15% remaining who they will permit to access their site will remain? Every last one? I doubt that very highly. Furthermore, do you honestly believe that if Party does encounter problems with paying all those U.S. players they are pushing off their servers, that it won't have an effect that completely wipes Party off the face of the gaming world? I'm not saying with 100% certainty that Party will have a problem paying all of their players, I honestly don't know. I cashed out a few weeks ago just to be safe, and my thousands on that site came much quicker than the measly 100 bucks I had on Stars. What I am saying is this: If Party does not have the funds to pay all of those who cashout, then it will cause such a large problem for their image (on top of throwing away 85% of their players) that I don't see how they could recover, and it would really hurt online poker in general, as people would be less likely to bother with any other site if they have already lost money like this.
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#97
10-09-2006, 01:15 PM
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Re: Odds of Party collapsing on Saturday?
When Party split with the skins (Empire, Now, etc), didn't the skins lose a huge % of their player-base? Nobody freaked out about getting their money out of Empire at the time from what I remember. Fair comparison?
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#98
10-09-2006, 01:27 PM
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Re: Odds of Party collapsing on Saturday?
Mister Z, the skins didn't lose their player-base, they just lost the additional players coming in from the Party software. Here we are looking at 3/4's of Party's players going away. Any of the in the know non-US players will also be leaving Party looking for greener pastures. Party is going to really struggle to stay afloat the next couple years if they don't allow the U.S. market back in. Now if you have money in Party but don't play their enough to justify leaving it sitting there then cashout, but your money is still safe at Party.
-Brendan
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#100
10-09-2006, 01:36 PM
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Re: Odds of Party collapsing on Saturday?
[ QUOTE ]
If Party does not have the funds to pay all of those who cashout [/ QUOTE ] This is the false premise in your argument. Today, Party is, what, a 1.6 billion company? It is absurd to even think that a 1.6 billion company can not raise something between 0 and 192.6-132.9 million to pay out these cashouts. I mean, Dikshit personally owns close to 30% of that 1.6 billion company. Wouldn't you think it's even in his personal interest to raise the funds? Theoretically, if all else fails, they could issue a corporate bond and Dikshit would provide the cashout money for American fish from his pocket money
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