PartyGaming Annual Profit Slumps 56 Pct.

CrazyCanuck · #1 03-01-2007, 11:02 AM

Partgaming released its numbers today, any suprises, are the numbers better then expected or worse?

heres the link to forbes

web page

The4Aces · #2 03-01-2007, 11:32 AM

I dont see how a 56% drop can be explained by just the US being gone for 2 months

nimajneb · #3 03-01-2007, 11:37 AM

Fixed costs, severance packages, etc.

Burno · #4 03-01-2007, 11:37 AM

[ QUOTE ]
I dont see how a 56% drop can be explained by just the US being gone for 2 months

[/ QUOTE ]

Yeah but dude, everyone cashed out

The4Aces · #5 03-01-2007, 11:41 AM

everyone cashing out should not mater for PROFITS. Only effect would be a 3-5% fee for payment processing.

Phil153 · #6 03-01-2007, 12:33 PM

[ QUOTE ]
Fixed costs, severance packages, etc.

[/ QUOTE ]
Acquisitions, restructuring...

jalexand42 · #7 03-01-2007, 01:07 PM

[ QUOTE ]
everyone cashing out should not mater for PROFITS. Only effect would be a 3-5% fee for payment processing.

[/ QUOTE ]

Hello interest gained on deposited funds???

Patrick del Poker Grande · #8 03-01-2007, 01:10 PM

Also, "profit" |= "revenue"

Tofu_boy · #9 03-01-2007, 02:38 PM

[ QUOTE ]
[ QUOTE ]
Fixed costs, severance packages, etc.

[/ QUOTE ]
Acquisitions, restructuring...

[/ QUOTE ]

Dennisa · #10 03-01-2007, 02:41 PM

[ QUOTE ]
I dont see how a 56% drop can be explained by just the US being gone for 2 months

[/ QUOTE ]

Some of it will be marketing expenses in the USA. Party did try to sell prepaid spots, expensed in the 4th qtr, but there were still plenty of TV advertising in the USA I saw post Oct 13th.