Party CEO predicts banks/ processors to leave US IG w/i 60 days

[Strickly Bidness]

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Party didnt make this up

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Yeh, we use it too. My job title is "Poker Operations Manager, EMEA". I just say Europe.

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in the drug industry i think it stands for European agency for the evaluation of medicinal products, but it gets used for many different organizations over there.

[Sniper]

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Surely this is a misprint and they mean asia and not africa.

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Nope, not a misprint... EMEA is a widely used term to represent Europe, Middle East & Africa.

APAC... is the Asia Pacific region.

A little surprised you aren't up on this terminology Bluff...

ps... Party is certainly not down for the count... they have reestablished themselves as the #2 site... Full Tilt does not seem to be able to keep up with Party's marketing machine. Things could get a bit more interesting after the iPoker transition (absorbing Tain & Tribeca) [creating a strong non-US focused competitor] and if AP/UB decide to merge their player base [solidifying another strong US market competitor].

[BluffTHIS!]

Sniper,

I just can't see how africa can be a bigger market than asia. Just no way even if you don't count the PRC. They're bigger gamblers and have way more money.

Party's marketing has always been their strongest, and mabye only edge. FT is really screwing up by not aggressively finding workaround ways to advertise to the US, and also to market to euroland like stars does.

But party is is in worse shape than even the numbers suggest. That is because their strategy of selling other gambling game products to the poker player base (and vice versa of course although its less profitable to do so), takes a big hit when their player base does so too. Thus they not only lost 3/4 of their revenue, they lost all the additional future revenue that could have been had marketing -EV games to US poker players.

[Strickly Bidness]

africa? I guess Kofi Annan and Muhammad Taha have to do something after a long day of slaying in the Darfur region

[RiverMustelid]

EMEA is a standard regional description used by multinationals across industries. For example, I worked for EMEA for PwC.

In that industry it meant Europe in terms of revenues, as it clearly does here too. Its not that anyone thought Africa was a big potential market, it was included for global completeness.

To my mind, looking at Sniper's latest figures, Party has made a stronger bounceback than I would have expected. You only have to look at the arrival of German players on the site to know that their push is having some impact.

[Sniper]

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I just can't see how africa can be a bigger market than asia. Just no way even if you don't count the PRC. They're bigger gamblers and have way more money.

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Its not that its a bigger market, its just that its part of the term (obviously Europe is the largest segment of that regional designator, at the moment) [img]/images/graemlins/smile.gif[/img]

In any case, having watched the latest 20/20 investigation into Nigerian scammers, and being aware that the Nigerian police are now cracking down on the email scam shops... I understand that Idi is now considering shifting his efforts into the lucrative poker bot arena... surely this will help boost Party traffic from Africa. [img]/images/graemlins/wink.gif[/img]

[BluffTHIS!]

Yes I can see it now. Party's new product offerings: Idi's Opportunities and Idi's Loans. Too bad us yanks won't be able to take advantage of them [img]/images/graemlins/frown.gif[/img].

[Strickly Bidness]

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Yes I can see it now. Party's new product offerings: Idi's Opportunities and Idi's Loans. Too bad us yanks won't be able to take advantage of them [img]/images/graemlins/frown.gif[/img].

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Don't forget about Mobutu blackjack and rumble in the jungle roulette

[PairTheBoard]

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So what am I supposed to do? Quit playing immediately or something.

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Just the opposite. Play as much as possible while the Playing's good. If Party's wrong, no harm done.

PairTheBoard

[MelchyBeau]

I think the issue with Asia not being considered a big market is the legality of online gambling there, for instance it is illegal in China, Thailand, and I believe Japan. I also think there may be laws on the books in Australia about this as well.