Forum: Internet Gambling
10-13-2006, 11:29 AM
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Replies: 44
Views: 178
Re: Party Down!
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This thread was moved becuase it adds nothing to the discussion of the legislation itself. Everyone knew it was going to happen. This forum is right place to talk about Party being down....
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Forum: Internet Gambling
10-13-2006, 10:33 AM
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Replies: 44
Views: 178
Re: Party Down!
Why was this thread moved?
Party is down because of the legislation, not for "maintenance" in case anyone is confused.
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Forum: Internet Gambling
10-13-2006, 10:18 AM
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Replies: 44
Views: 178
Re: Party Down!
PRTY.LN PartyGaming announces suspension of US activities
The company has suspended all real money gaming activities to customers located in the US with immediate effect. The Group's play for free...
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Forum: Poker Legislation
10-11-2006, 07:15 PM
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Replies: 167
Views: 695
Re: Stars Announcement..Ship It Holla
Great news!
And it's a good sign that it came out the same day as Neteller. Makes me think that Neteller will continue to deal with poker sites, not just non-poker US. Now if the US banks don't...
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Forum: Poker Legislation
10-11-2006, 01:55 PM
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Replies: 49
Views: 256
Re: Neteller: \"We Are Staying In The US\"
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Neteller has already said over a week ago that they wasn't going anywhere.
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I don't think this is true, they hadn't clearly stated their intentions like this. What they...
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Forum: Poker Legislation
10-11-2006, 12:37 PM
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Replies: 49
Views: 256
Re: Neteller: \"We Are Staying In The US\"
I got it off the dow jones newswires, originally came out at 11:20Am EST. Headline is :
NETeller Exec: Company Will Still Operate In The US
This is from wsj.com
<<Neteller Vows to Stay in...
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Forum: Poker Legislation
10-11-2006, 12:24 PM
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Replies: 49
Views: 256
Neteller: \"We Are Staying In The US\"
The company will continue to operate in the US
- quote from Burce Elliot, NETeller's executive vp, marketing and sales at an online gaming conference today.
The story came out on dow jones...
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Forum: Poker Legislation
10-10-2006, 12:57 PM
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Replies: 129
Views: 517
Re: Odds of Party collapsing on Saturday?
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if the serious US player continues to play while the fish dropout they'll have a serious problem.
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For sure! I think they'll be determined to enforce their new...
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Forum: Poker Legislation
10-10-2006, 12:05 PM
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Replies: 129
Views: 517
Re: Odds of Party collapsing on Saturday?
Well I was thinking of the formula needed for their success. They need the fish to feed the sharks or the games will dry up. Maybe the non-US players have the same ratio of fish but there's still a...
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Forum: Poker Legislation
10-09-2006, 11:48 PM
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Replies: 129
Views: 517
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Forum: Poker Legislation
10-09-2006, 11:30 PM
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Replies: 88
Views: 303
Re: Barrons: Only the house wins
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Really? I didnt look at the numbers carefully?
OPERATING cash flow (excluding working capital adjsutments) for the first 6 months of the year was $380M. Thus...
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Forum: Poker Legislation
10-09-2006, 02:39 PM
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Replies: 129
Views: 517
Re: Odds of Party collapsing on Saturday?
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If Party does not have the funds to pay all of those who cashout
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This is the false premise in your argument.
Today, Party is, what, a 1.6 billion company?
It...
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Forum: Poker Legislation
10-09-2006, 01:40 PM
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Replies: 88
Views: 303
Re: Barrons: Only the house wins
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I do not feel like looking into this too closely, but the thing you guys are ignoring is the cash they have made in since June. Let assume business was the same as the first half the...
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Forum: Poker Legislation
10-09-2006, 03:50 AM
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Replies: 88
Views: 303
Re: Barrons: Only the house wins
Party released a statement last week that their are no issues with their credit facility...
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Party said, "We don't see this as an issue."
They did not say that there isn't a...
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Forum: Poker Legislation
10-09-2006, 03:17 AM
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Replies: 129
Views: 517
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Forum: Poker Legislation
10-09-2006, 03:14 AM
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Replies: 88
Views: 303
Re: Barrons: Only the house wins
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it does not take a great deal of insight to figure out that Party will not have enough cash to pay 70% of its customers when they all try to cash out at once.
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Forum: Poker Legislation
10-09-2006, 02:22 AM
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Replies: 129
Views: 517
Re: Odds of Party collapsing on Saturday?
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There's plenty of coverage from wall street, at least 5 or 6 firms. They all put out reports around news, earnings but not this time.
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This coverage is coming...
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Forum: Poker Legislation
10-09-2006, 01:53 AM
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Replies: 129
Views: 517
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Forum: Poker Legislation
10-09-2006, 01:10 AM
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Replies: 129
Views: 517
Re: Odds of Party collapsing on Saturday?
I agree, they should be putting out fires. It would be in the best interest of shareholders, if not just for the players.
The company did "dismiss" the reports on loan problems, saying they...
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Forum: Poker Legislation
10-09-2006, 12:46 AM
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Replies: 129
Views: 517
Re: Odds of Party collapsing on Saturday?
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If Party only has $96 million cash on hand, where were they getting the money for the dividend in the first place? So they obviously have to have more money than that. Also, it's not...
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Forum: Poker Legislation
10-09-2006, 12:36 AM
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Replies: 129
Views: 517
Re: Odds of Party collapsing on Saturday?
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I missed the Trade Payable and Taxes Payable lines. So my idea that Trade and other Recievables might mean something is wrong since they are a wash as you point out.
The only factor you...
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Forum: Poker Legislation
10-08-2006, 11:48 PM
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Replies: 129
Views: 517
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Forum: Poker Legislation
10-08-2006, 11:32 PM
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Replies: 129
Views: 517
Re: Odds of Party collapsing on Saturday?
One more thing. If any of my above post is accurate, and they have to depend on their lenders to satisfy cashouts, here's some more doom and gloom. The banks have got them by the balls now.
From...
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Forum: Poker Legislation
10-08-2006, 11:14 PM
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Replies: 129
Views: 517
Re: Odds of Party collapsing on Saturday?
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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...
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Forum: Poker Legislation
10-06-2006, 06:44 PM
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Replies: 57
Views: 203
Re: Stars Update
ZB-
Considering you've talked with some of the decision makers at stars I was wondering if you could give us some color on party's decision. I'm sure this has been a topic of conversation among...
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