Party Poker Stock

[TheRaker]

Has anyone ever considered buying a couple hundred shares of party gaming in the hopes that one day theyll be allowed back in the US? I feel like one day this'll happen, maybe not soon, but eventually. The stock is only .44 cents right now, theres really not much room for it to go down, i think its a worthy risk, what do you guys think.

[NoMeansYes_]

It got down to 25p you should have bought it then, apart from that, I doubt Party will ever come back to the US because even if poker becomes legalised, Party wouldn't give a % of their buisness to be able to open to US players.

[kindling]

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Party wouldn't give a % of their business to be able to open to US players.

[/ QUOTE ]

Explain this please? What are you referring to?

[cwar]

Taxes.

[That Foreign Guy]

I would bet that if when online poker is legalised in the states, Party Poker would first in line begging for the right to pay tax to Uncle Sam.

[Tickner]

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I would bet that if when online poker is legalised in the states, Party Poker would first in line begging for the right to pay tax to Uncle Sam.

[/ QUOTE ]

Exactly, businesses do what they can to increase profits. Even if they have to pay a tax, they still make more money by opening up to the US players than not.

[Spinners]

agreed

[duck_butter]

Besides, you could argue that one reason Party did close their doors to US players is so that they would be on good terms to re-open with the US once legislation changes. Obviously they are scared being the #1 reason.

[PaperV]

You are so late on buying Party shares it is not even funny.

[TheRaker]

well son of a bitch, if i bought this morning when i made this post... the stock went up $0.21 today