PartyGaming Press Release

[Mike O'Malley/PartyPoker.com]

PartyGaming Plc
New platform launch

PartyGaming Plc (“PartyGaming” or the “Group”), the world's leading online gaming company, announces today that it has taken a further step towards establishing a new fully integrated PartyGaming operating platform. This platform will, on launch, offer a variety of different games but with a common systems architecture allowing each of its nine million registered PartyPoker customers to use a single account and a shared purse across the Group’s gaming brands.

As part of today’s development, the Group has moved the PartyPoker.com brand and all of its players to the new platform.

Historically, PartyPoker players have shared the same poker-only system with players from each of the Group’s four white label poker clients or “skins” (being Empire Poker, Coral Eurobet, Multipoker and Intertops). Following today’s move, PartyPoker players will now play on their own private tables and benefit from a number of new and exciting products that are exclusive to the new platform. The new platform includes non-poker games such as Blackjack, as well as added features to the poker product such as Side Bets and Deal-Making in poker tournaments. Once the fully integrated platform is launched in the first half of 2006, players will then be able to click through and play on PartyPoker, PartyCasino and other new PartyGaming products that are currently being developed, all using a common account and a shared purse.

The skins’ poker players will continue to have full access to the existing poker system. They will also now benefit from the release of several new product enhancements comprising “beginners’ tables” – these include “micro-limit tables” and low buy-in tables – and $50/$100 and $100/$200 tables. PokerNOW.com, which was acquired by the Group earlier in the year, will continue to operate on the existing poker system with the skins.

Commenting on today’s announcement Richard Segal, Chief Executive said:

“We are on track to deliver our exclusive Party-branded integrated platform that will include additional products and services, enabling us to focus on optimising cross-selling opportunities. We believe that today’s development is an important step towards cementing together the inherent strengths of all the Party brands and is in the best interests of our customers and shareholders. In conjunction with this exciting development, we will continue to maintain and support the poker system we provide for the skins.”

[RollaJ]

I /images/graemlins/heart.gif PokerRoom

[APerfect10]

What a [censored] joke!

[TheNoodleMan]

[ QUOTE ]
PartyGaming Plc

The skins’ poker players will continue to have full access to the existing poker system.

[/ QUOTE ]
thank you mike

[gh9801]

Prima and Absolute, here I come

[Paxosmotic]

So I'm relatively new, I guess. Is this guy known to be reputable?

[Bradyams]

If it ain't broke, don't [censored] with it.

[Uglyowl]

Saturday October 8, 2005
The Guardian


PartyGaming slumped to a record low yesterday as rumours swept City dealing rooms that the online poker company might issue another profits warnings.
The operator of the Party Poker website saw £2bn wiped from its market value last month after revealing that industry growth had ground to a halt.

The company is due to issue another trading update on October 21. However, the talk in the Square Mile yesterday was that PartyGaming might have to bring that statement forward because trading has deteriorated.

[Smarty]

Historically, PartyPoker players have shared the same poker-only system with players from each of the Group’s four white label poker clients or “skins” (being Empire Poker, Coral Eurobet, Multipoker and Intertops). Following today’s move, PartyPoker players will now play on their own private tables and benefit from a number of new and exciting products that are exclusive to the new platform.


Does this mean the private player created tables or all tables on PP?

[RollaJ]

[ QUOTE ]
[ QUOTE ]
PartyGaming Plc

The skins’ poker players will continue to have full access to the existing poker system.

[/ QUOTE ]
thank you mike

[/ QUOTE ]

Following today’s move, PartyPoker players will now play on their own private tables and benefit from a number of new and exciting products that are exclusive to the new platform.

[Homer]

PartyCasino

Mmmm, another casino to whore.

[Bukem_]

[ QUOTE ]
[ QUOTE ]
PartyGaming Plc

The skins’ poker players will continue to have full access to the existing poker system.

[/ QUOTE ]

When?

[whitelime]

i dont get it. he says party gets private tables but existing skins have access to the poker system? contradictory statements no?

[QuikSand]

[ QUOTE ]
[ QUOTE ]
PartyGaming Plc

The skins’ poker players will continue to have full access to the existing poker system.

[/ QUOTE ]
thank you mike

[/ QUOTE ]

I don't think that means what you think it means.

Thank you for the quick response.

The idiots here sure don't deserve it.

[KingMedicine]

[ QUOTE ]
Historically, PartyPoker players have shared the same poker-only system with players from each of the Group’s four white label poker clients or “skins” (being Empire Poker, Coral Eurobet, Multipoker and Intertops). Following today’s move, PartyPoker players will now play on their own private tables

[/ QUOTE ]

[ QUOTE ]

The skins’ poker players will continue to have full access to the existing poker system.

[/ QUOTE ]

these seem contradictory

[IggyWH]

Doesn't

[ QUOTE ]
Following today’s move, PartyPoker players will now play on their own private tables

[/ QUOTE ]

and

[ QUOTE ]
The skins’ poker players will continue to have full access to the existing poker system.

[/ QUOTE ]

contradict each other?

[cardcounter0]

Not lately.

[Landon_McFly]

I'm sooo confused now...

Is this good or bad, and why?

[QuikSand]

[ QUOTE ]
i dont get it. he says party gets private tables but existing skins have access to the poker system? contradictory statements no?

[/ QUOTE ]

Nope. I read as:

Party = "New"
Skins = "Existing"

[beset7]

Everybody here needs to work on their reading comprehension. The skins remain on the "existing" network and Party is on a new private network. THEY ARE NOW SEPERATE.

[Uglyowl]

[ QUOTE ]
Thank you for the quick response.

The idiots here sure don't deserve it.

[/ QUOTE ]

I think we do! Customers deserve a response regardless of if we are idiots.

[sublime]

[ QUOTE ]
Doesn't

[ QUOTE ]
Following today’s move, PartyPoker players will now play on their own private tables

[/ QUOTE ]

and

[ QUOTE ]
The skins’ poker players will continue to have full access to the existing poker system.

[/ QUOTE ]

contradict each other?

[/ QUOTE ]

same here.

its like FU. then two seconds later, oh thanks.

[tonypaladino]

[ QUOTE ]
[ QUOTE ]
Historically, PartyPoker players have shared the same poker-only system with players from each of the Group’s four white label poker clients or “skins” (being Empire Poker, Coral Eurobet, Multipoker and Intertops). Following today’s move, PartyPoker players will now play on their own private tables

[/ QUOTE ]

[ QUOTE ]

The skins’ poker players will continue to have full access to the existing poker system.

[/ QUOTE ]

these seem contradictory

[/ QUOTE ]

What he is saying is that the skins will still be on Party Gaming's network, and Party will provide software/tables for them, but they will be providing seperate tables for the skins than they use for Party Poker

[Sueno]

</font><blockquote><font class="small">Als antwoord op:</font><hr />
Doesn't

</font><blockquote><font class="small">Als antwoord op:</font><hr />
Following today’s move, PartyPoker players will now play on their own private tables

[/ QUOTE ]

and

</font><blockquote><font class="small">Als antwoord op:</font><hr />
The skins’ poker players will continue to have full access to the existing poker system.

[/ QUOTE ]

contradict each other?

[/ QUOTE ]
skin_players stay where they are.
party_players got moved.

everything stayed the same for the skins, except that all the party players are now gone.

[The4Aces]

i think it means party players will have there own NEW thing and the skins will be on the OLD system.

[johnnymac]

Mike,

How about a simple response to the question everyone is asking, is this change permanent?

Joe

[radek2166]

[ QUOTE ]
[ QUOTE ]
Thank you for the quick response.

The idiots here sure don't deserve it.

[/ QUOTE ]

I think we do! Customers deserve a response regardless of if we are idiots.

[/ QUOTE ]

Yup. Bodog here I come.

[KingMedicine]

[ QUOTE ]
[ QUOTE ]
i dont get it. he says party gets private tables but existing skins have access to the poker system? contradictory statements no?

[/ QUOTE ]

Nope. I read as:

Party = "New"
Skins = "Existing"

[/ QUOTE ]

if this is what he meant, its over.
damnit, we need just a little more clarity.

[RollaJ]

[ QUOTE ]
Doesn't

[ QUOTE ]
Following today’s move, PartyPoker players will now play on their own private tables

[/ QUOTE ]

and

[ QUOTE ]
The skins’ poker players will continue to have full access to the existing poker system.

[/ QUOTE ]

contradict each other?

[/ QUOTE ]

Party players will play with party players....Skin players will play with skin players on a system run by partygaming...... party players and skin players will not be at the same tables

[Rasputin]

[ QUOTE ]
i dont get it. he says party gets private tables but existing skins have access to the poker system? contradictory statements no?

[/ QUOTE ]

No, you're not reading it carefully.

Party is going to have private tables on a new system. The skins will have access to all the old tables on the old poker system.

[yellowjack]

Ok, someone else has summed up O'Malley on the status of the networks:

PartyPoker players are now seperate. Party's skins are now clumped together. Is this correct?

If it is, I'm sure as hell cashing out of Eurobet...

[wall_st]

[ QUOTE ]
[ QUOTE ]
Historically, PartyPoker players have shared the same poker-only system with players from each of the Group’s four white label poker clients or “skins” (being Empire Poker, Coral Eurobet, Multipoker and Intertops). Following today’s move, PartyPoker players will now play on their own private tables

[/ QUOTE ]

[ QUOTE ]

The skins’ poker players will continue to have full access to the existing poker system.

[/ QUOTE ]

these seem contradictory

[/ QUOTE ]

I think their press releases are written by the same people who answer the phones.

[tonypaladino]

[ QUOTE ]
Mike,

How about a simple response to the question everyone is asking, is this change permanent?

Joe

[/ QUOTE ]

Are you retarted?

[speirs]

Hi Mike to be [censored] honest I didn't read it since, basically, I do not give a rats ass, like most of us don't. But could you be so kind to like, sum it up, in like two [censored] words. Or 3. That would be great! Thanks!

[beset7]

[ QUOTE ]
Mike,

How about a simple response to the question everyone is asking, is this change permanent?

Joe

[/ QUOTE ]


http://www.dn.no/multimedia/archive/00081/HB-Gorilla_81949h.jpg

[billyjex]

[censored]

[TylerD]

[ QUOTE ]
The skins’ poker players will continue to have full access to the existing poker system.

[/ QUOTE ]

Not really. Poker system = software/cashier/support NOT players. There are effectively two "Partys" - PartyGaming and "The Skins", both use the same software but have different players, exactly like Ladbrokes and Prima.

[wall_st]

[ QUOTE ]
[censored] die

[/ QUOTE ]

[Uglyowl]

Interesting work around to screw everyone and keep revenue. Choose either less rake via rakeback or more fish and high rake.

[Schwartzy61]

[ QUOTE ]
[ QUOTE ]
Mike,

How about a simple response to the question everyone is asking, is this change permanent?

Joe

[/ QUOTE ]

Are you retarted?

[/ QUOTE ]

I'm not sure about the other guy but...

are you RETARDED?

[radek2166]

[ QUOTE ]
[ QUOTE ]
Doesn't

[ QUOTE ]
Following today’s move, PartyPoker players will now play on their own private tables

[/ QUOTE ]

and

[ QUOTE ]
The skins’ poker players will continue to have full access to the existing poker system.

[/ QUOTE ]

contradict each other?

[/ QUOTE ]

same here.

its like FU. then two seconds later, oh thanks.

[/ QUOTE ]

In Punjabi they are saying screw you!!!

[Smackdab]

I look for Party stock to take a dive along with its player base. Probably sacreligous to Dikshit and the support personell at pay-pro but...........you morons are killing the fatted calf. I will be unavailable the rest of the evening as I transfer my funds to Pokerstars and Pokerroom.

[bobbyi]

The skins are staying on the existing system. Party itself is moving away to a new "private" system integrate with its casino. How are those two statements contradictory? They seem to complement each other. If Party weren't moving to the "private" tables it wouldn't even be worth mentioning that the skins are being left behind on the existing system. Can someone explain why this is a contradiction /images/graemlins/confused.gif?

[Zele]

Party is not a charity and does not owe anyone a living.

Let's accept it and move on. If it's really hitting you in the wallet, follow the advice of the great Simon Cowell and "Get Better".

Cheers!

[KingMedicine]

[ QUOTE ]
I look for Party stock to take a dive along with its player base. Probably sacreligous to Dikshit and the support personell at pay-pro but...........you morons are killing the fatted calf. I will be unavailable the rest of the evening as I transfer my funds to Pokerstars and Pokerroom.

[/ QUOTE ]

potd.

[IggyWH]

[ QUOTE ]
In Punjabi they are saying screw you!!!

[/ QUOTE ]

Jigga tried warning us Beware The Boys, but I guess we didn't listen.

[Paxosmotic]

Since I have no idea who this guy is, I did some research. Anyone else interested in the fact that this press release isnt on PartyGaming.com? Anyone care about that? Just wondering.

[tonypaladino]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Mike,

How about a simple response to the question everyone is asking, is this change permanent?

Joe

[/ QUOTE ]

Are you retarted?

[/ QUOTE ]

I'm not sure about the other guy but...

are you RETARDED?

[/ QUOTE ]

swoosh.....right over your head......

[jjacky]

[ QUOTE ]

Historically, PartyPoker players have shared the same poker-only system with players from each of the Group’s four white label poker clients or “skins” (being Empire Poker, Coral Eurobet, Multipoker and Intertops). Following today’s move, PartyPoker players will now play on their own private tables and benefit from a number of new and exciting products that are exclusive to the new platform.


Does this mean the private player created tables or all tables on PP?

[/ QUOTE ]

all tables.

[SoftcoreRevolt]

This move sucks, I am playing on Pacific and Boss from now on. Your reward system is terrible, and I can find games just as good, or even better elsewhere.

[lacky]

lol, i'm guessing it will take the "skins" about a week to form an independent network and dump party completely. Why deal with a pain in the ass company when all they are providing is so-so software and crappy service.

Steve

[splashpot]

[ QUOTE ]
Since I have no idea who this guy is, I did some research. Anyone else interested in the fact that this press release isnt on PartyGaming.com? Anyone care about that? Just wondering.

[/ QUOTE ]
I'm pretty sure this guy is real. He probably posted an advanced release here becuase we are so pissed about it. This doesn't really affect most players who already play at Party without rakeback.

[tonypaladino]

[ QUOTE ]
Since I have no idea who this guy is, I did some research. Anyone else interested in the fact that this press release isnt on PartyGaming.com? Anyone care about that? Just wondering.

[/ QUOTE ]

Mike is a longtime 2+2er, and works for Party Gaming

[kenberman]

my guess is that it's up pretty soon (do they have other press releases on their site)?

Mike probably saw the panic this was causing, and made a proactive move to spread some info

[tonypaladino]

[ QUOTE ]
The skins are staying on the existing system. Party itself is moving away to a new "private" system integrate with its casino. How are those two statements contradictory? They seem to complement each other. If Party weren't moving to the "private" tables it wouldn't even be worth mentioning that the skins are being left behind on the existing system. Can someone explain why this is a contradiction /images/graemlins/confused.gif?

[/ QUOTE ]

They think tt's a contradiction because they're either retarted or aren't reading the whole thing. (Or Both)

[Losing all]

[ QUOTE ]
Since I have no idea who this guy is, I did some research. Anyone else interested in the fact that this press release isnt on PartyGaming.com? Anyone care about that? Just wondering.

[/ QUOTE ]

Like him or not, mike's 100% legit. You're barking up the wrong tree.

[bobbyi]

[ QUOTE ]
lol, i'm guessing it will take the "skins" about a week to form an independent network and dump party completely. Why deal with a pain in the ass company when all they are providing is so-so software and crappy service.

[/ QUOTE ]
They're going to write the software from scratch, get the servers set up and running, build their own cashier system, etc., etc., in a week? What on earth are you talking about?

[SCfuji]

so thats why you needed table names.

[ZeeJustin]

This press release would have been so much more effective if you had instead said,

"The final bridge has been crossed and we have succssessfully crushed the skins underneath us. VICTORY is ours! MWUHUHUHHAHAHAHAHAA!

[TheNoodleMan]

[ QUOTE ]
so thats why you needed table names.

[/ QUOTE ]

[MicroBob]

[ QUOTE ]
Mike,

How about a simple response to the question everyone is asking, is this change permanent?

[/ QUOTE ]


Obviously the changes are permanent.

Obviously the skins having 'access to the same system' (or whatever language he used) means that THEY all have THEIR own system...and it is the same type of system as party (meaning that the software still acts and looks like party) but that you will not be able to access 'party's exclusive private tables' (or whatever he said) via the skins.

To play against party players you will have to actually be on party.


It seemed pretty clear to me.


I know that this could cut into my bottom-line a bit but I really don't think it's that big a deal....nor do I think Party did anything wrong.

It's their site and they can run it how they want.
Nowhere in their T&amp;C's did they ever say "All our best players have the right and privilige to earn 30% rake-back by accessing our tables through the various skins."

All you multi-tablers who are saying "Pokerroom here I come."
I say "Great."


Everybody had already been panicking that the 15/30 games were getting REALLY tight because of all the 8-tabling 2+2'ers filling up all the tables.
Now everybody complains that they won't be getting rake-back there...even though it obviously means that many of those 8-tabling TAG's won't be filling up as many of those tables anymore.


Maybe I'm a 'glass is half-full' kind of guy but I just don't think this is all THAT horrible.
Playing poker for a living is all about making adjustments to changing conditions.
This particular change was one that I think was going to happen sooner or later.

[AleoMagus]

[ QUOTE ]
The final bridge has been crossed and we have succssessfully crushed the skins underneath us. VICTORY is ours! MWUHUHUHHAHAHAHAHAA

[/ QUOTE ]

lol

[Schwartzy61]

"All Your Base are belong to us!"

[benfranklin]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Mike,

How about a simple response to the question everyone is asking, is this change permanent?

Joe

[/ QUOTE ]

Are you retarted?

[/ QUOTE ]

I'm not sure about the other guy but...

are you RETARDED?

[/ QUOTE ]

swoosh.....right over your head......

[/ QUOTE ]

Really, what a moran.

[yellowjack]

[ QUOTE ]
"All Your fish are belong to us!"

[/ QUOTE ]

FYP

[KaneKungFu123]

i dont know much about the stock market, but it sure is cool how the owners (who know the most about their company) get to set a price for it, sell it, then a few monthes later everyone finds out its worth billions of dollars less then expected.

dont trust CEO's who operated phone sex line companies previously.

[SoftcoreRevolt]

I'd go with

"HAHAHAHAHAH FAGS PARTY WINS"

[JeanieJ]

[ QUOTE ]
This press release would have been so much more effective if you had instead said,

"The final bridge has been crossed and we have succssessfully crushed the skins underneath us. VICTORY is ours! MWUHUHUHHAHAHAHAHAA!

[/ QUOTE ]

Awesome, thanks for the chuckle.

[BottlesOf]

potd!!!!!!!!

[Sandwich]

does this mean death of the party skins?

/images/graemlins/frown.gif

[ QUOTE ]
[ QUOTE ]
i dont get it. he says party gets private tables but existing skins have access to the poker system? contradictory statements no?

[/ QUOTE ]

No, you're not reading it carefully.

Party is going to have private tables on a new system. The skins will have access to all the old tables on the old poker system.

[/ QUOTE ]


Yep, "The fish are leaving."

Or "No RB with party players any more, you TAGs go have fun in your own sandbox."

[Zele]

From PartyGaming.com (http://www.partygaming.com/images/new_platform_launch_08_10_05.pdf)

[ QUOTE ]
Mike probably saw the panic this was causing, and made a proactive move to spread some info

[/ QUOTE ]

His 'Enjoy!' post should make folklore. It's the modern 'Great news everyone! I just saved 30% on my car insurance' post.

It'll turn into a catchphrase for pointing out the tiniest bit of positive from a disaster.

[lacky]

your right, the decision will take a week, but there is no need to right the program, there are many to choose from, but yes, infrastructure is needed, and deciding to pull all their client's money from the party network will be interesting.

so, yeah, I'm not thinking it out, other than I'm sure the owners of the skins and the affilaites are far more stressed and pissed right now than I am. If I was them, I would not have dealings with partygaming any longer than nessesary. Talk about being stabed in the back!

Steve

[Schwartzy61]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Mike,

How about a simple response to the question everyone is asking, is this change permanent?

Joe

[/ QUOTE ]

Are you retarted?

[/ QUOTE ]

I'm not sure about the other guy but...

are you RETARDED?

[/ QUOTE ]

swoosh.....right over your head......

[/ QUOTE ]

Really, what a moran.

[/ QUOTE ]

Sorry I'm not up to date with all the "cool" misspelled words...

[Joe Tall]

Where was this "released"? Just here in the Zoo?!?

[Voltron87]

Dear Mike,

Is PartyPoker still rigged?

Thanks, Chris

[Wabby]

no, its on partygamings site as well.

[Paxosmotic]

[ QUOTE ]
Where was this "released"? Just here in the Zoo?!?

[/ QUOTE ]
Let it go, Joe.

[Mendacious]

So, why don't the vast majority of players migrate to the "skins" network instead of Party. Seems to me a little "play the skins" campaigning should be done.

I can

[smb394]

[censored] you.

[1800GAMBLER]

[ QUOTE ]
Where was this "released"? Just here in the Zoo?!?

[/ QUOTE ]

You must have the greatest timing in the world.

[Trix]

Good job...

This might be the one thing that will make me change to a non party site...

[Harv72b]

[ QUOTE ]
Everybody had already been panicking that the 15/30 games were getting REALLY tight because of all the 8-tabling 2+2'ers filling up all the tables.
Now everybody complains that they won't be getting rake-back there...even though it obviously means that many of those 8-tabling TAG's won't be filling up as many of those tables anymore.


Maybe I'm a 'glass is half-full' kind of guy but I just don't think this is all THAT horrible.
Playing poker for a living is all about making adjustments to changing conditions.
This particular change was one that I think was going to happen sooner or later.

[/ QUOTE ]

I /images/graemlins/heart.gif MicroBob.

[SoCalRugger]

[ QUOTE ]
[ QUOTE ]
Everybody had already been panicking that the 15/30 games were getting REALLY tight because of all the 8-tabling 2+2'ers filling up all the tables.
Now everybody complains that they won't be getting rake-back there...even though it obviously means that many of those 8-tabling TAG's won't be filling up as many of those tables anymore.


Maybe I'm a 'glass is half-full' kind of guy but I just don't think this is all THAT horrible.
Playing poker for a living is all about making adjustments to changing conditions.
This particular change was one that I think was going to happen sooner or later.

[/ QUOTE ]

I /images/graemlins/heart.gif MicroBob.

[/ QUOTE ]
Yep. Good post.

[IggyWH]

[ QUOTE ]
[ QUOTE ]
Everybody had already been panicking that the 15/30 games were getting REALLY tight because of all the 8-tabling 2+2'ers filling up all the tables.
Now everybody complains that they won't be getting rake-back there...even though it obviously means that many of those 8-tabling TAG's won't be filling up as many of those tables anymore.


Maybe I'm a 'glass is half-full' kind of guy but I just don't think this is all THAT horrible.
Playing poker for a living is all about making adjustments to changing conditions.
This particular change was one that I think was going to happen sooner or later.

[/ QUOTE ]

I /images/graemlins/heart.gif MicroBob.

[/ QUOTE ]

Yes, if only Bob knew how to type faster. Damn Bob, you're slacking on post count with all this drama.

[Python49]

So... let's see if I can sum up what's happend here with party and its players.

So... high volume players leave party because they can get rake back and still play against the same fishy players on the party net work but through a skin. Party's stock goes down and they feel they are getting screwed. So they decide to retaliate by cutting off the skins players from the fish on party.

I'd say party is smart, they recognize that the one thing they have to offer high volume players aside from rake back is bad players that make for easy money, and since they won't offer rake back they decide to just take access of bad players away from good players so that the sharks have to play against themselves.

So now people get screwed either way they go. Play on party with fishes and suffer huge rakes, or play on skins with better players (on avg) and get rake back. I think i'll go with the second option just so that party does not get another penny of my money.... and the OP of this thread can go F himself.

[theredwave]

you dumbass mike
i nearly hope you go bankrupt

[BigBrother]

Drop your jocks and grab your socks, boys... I'm at 17BB/100 for the last 2 1/2 hours.

ASF = 38.5, where's the fire?

Party On!

BJ and sidebet on the tables gotta go, however.

dammit i just got my 25% rakeback deal for eurobet. now im moving over to PP with no rakeback /images/graemlins/frown.gif

[kruschel]

Are they now removing the "Biggest pokerroom on the net" ads also? At least the skins can't advertise with it anymore.
And after losing the skin players, Party itself could be only second to Pokerstars. How close are the numbers?

[eastbay]

[ QUOTE ]
PartyGaming Plc
New platform launch

PartyGaming Plc (“PartyGaming” or the “Group”), the world's leading online gaming company, announces today that it has taken a further step towards establishing a new fully integrated PartyGaming operating platform.

[/ QUOTE ]

I think you are confused about what "fully integrated" means.

eastbay

[tonypaladino]

bump back to the first page

[Uglyowl]

Pokerstars has more players right now

Pokerstars 50,520

Party 37,044
Skins 6,889
Total 43,933

[Pedigree]

[ QUOTE ]
[ QUOTE ]
Where was this "released"? Just here in the Zoo?!?

[/ QUOTE ]
Let it go, Joe.

[/ QUOTE ]

Gotta update your profile. We're not 3-1 any more. At this point - we'd be lucky to be bowl eligible. /images/graemlins/frown.gif

[ QUOTE ]
Pokerstars has more players right now

Pokerstars 50,520

Party 37,044
Skins 6,889
Total 43,933

[/ QUOTE ]

Hurray i really like Stars better then basically everything cept UB, i just like those mini windows so much!

Oh wait, I forgot Jetsetpoker who doesnt like breaking there chair over the table?

God i love that.

(When you try to do it again, you have no chair!, good stuff)

[Sponger15SB]

[ QUOTE ]
dammit i just got my 25% rakeback deal for eurobet. now im moving over to PP with no rakeback /images/graemlins/frown.gif

[/ QUOTE ]

Pfft, you got ripped off. You should get 30%, not that it matters now.

[Photoc]

It says the poker rooms have full access. How come when I log into Eurobet, there are 5k people on and near nothing for tables?

I'm not really happy or surprised with this move.
I think it might be time to go back to Full Tilt and UB.

Are there any rakeback promos for pokerstars? I hate to lose my rakebreak, but unless there is a high-traffic site with some kind of rake promotion I will probably switch back to Party.

[tonypaladino]

[ QUOTE ]
Are there any rakeback promos for pokerstars? I hate to lose my rakebreak, but unless there is a high-traffic site with some kind of rake promotion I will probably switch back to Party.

[/ QUOTE ]

No

[TheHammer24]

So essentially, Party is making rake back players play on their rakeback site or play against Party's players?

I don't seee how party is doing anything wrong. It's not that great for the Multi Tablers, it's not that great for me (althougth I don't feel so bad about not having rake back /images/graemlins/grin.gif). But their a freaking business. They haven't stolen your money. They've just made your job a little more difficult. The ones who lose the most money here are the skins. That's who honestly should be upset. Party bailed on them hard, and they will have trouble competing.

[MicroBob]

[ QUOTE ]

Yes, if only Bob knew how to type faster. Damn Bob, you're slacking on post count with all this drama.

[/ QUOTE ]



I can't possibly keep up with all this stuff.
(I took a nap earlier...and just now came back from dinner where I had a couple of pretty strong margaritas).

But I'm enjoying the drama and the hate and the panic.


[ QUOTE ]

So now people get screwed either way they go. Play on party with fishes and suffer huge rakes, or play on skins with better players (on avg) and get rake back.

[/ QUOTE ]


I'm still confused on the 2nd part (play on skins with better players).
Looks to me like a lot of the 'better players' aren't going to play on the skins anymore.
so now we're saying that 'all the better players are leaving because all of the better players are there.' (or something like that).


Also - I know that a lot of 8-tabling TAG's are on all these skins.
But there was SO MUCH rake-back spam in the party boxes that I imagine they HAD to get some of the bad players over to the skins as well.


Ever played some of those Empire tourneys?
I have. The players there can be truly awful.
It would not surprise me in the least if the games on the skins wound up being pretty decent after all this (combination of the handful of fishy players who are already there, and a lot of the pissed-off 2+2'ers saying 'screw this' and leaving party AND skins for good).

I don't really know what's going to happen.

But I'm just looking at the whole contradiction of 'none of the good players are going to play on the skins....because all of the good players are there.'


Yogi Berra anyone?? (he's the former baseball player famous for his mind-bogglingly contradictory and head-scratching quotes...one of which was "Nobody likes to go to that restaurant anymore....because it's just too crowded.")

[Harv72b]

I don't know if anyone else has noticed this yet or not, but you can now open up to 10 tables at a time on Party. This is for ring games--I assume that MTTs &amp; SnGs are the same.

[Guthrie]

Maybe Pakistan will nuke India and we'll have the last laugh.

[tonypaladino]

[ QUOTE ]

Yogi Berry anyone?? (he's the former baseball player famous for his mind-bogglingly contradictory and head-scratching quotes...one of which was "Nobody likes to go to that restaurant anymore....because it's just too crowded.")

[/ QUOTE ]

Yogi Berra

My thought is more players = more fish. As far as I know, no sites have a player base close to pokerstars or partypoker, but perhaps some network of skins has a similar player base? More fish are worth more than what I can save through rake back promotions, at least in playing 20/40 games. It may be profitable to 8-table 3/6 games on another site with a rake promotion, but my experience has been that the mid level and higher stakes (above 10/20) are much tighter on other websites. Newbies go to PartyPoker and Pokerstars, and they often play limits that they shouldn't. Any thoughts?

[toss]

[ QUOTE ]
I don't know if anyone else has noticed this yet or not, but you can now open up to 10 tables at a time on Party. This is for ring games--I assume that MTTs &amp; SnGs are the same.

[/ QUOTE ]

So does this mean you can 10 table at Party?

[Harv72b]

[ QUOTE ]
[ QUOTE ]
I don't know if anyone else has noticed this yet or not, but you can now open up to 10 tables at a time on Party. This is for ring games--I assume that MTTs &amp; SnGs are the same.

[/ QUOTE ]

So does this mean you can 10 table at Party?

[/ QUOTE ]

Exactly.

[MicroBob]

thanks.
I edited it.

I'm king of the typos as it is. Even moreso after a couple of margaritas.

[toss]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
I don't know if anyone else has noticed this yet or not, but you can now open up to 10 tables at a time on Party. This is for ring games--I assume that MTTs &amp; SnGs are the same.

[/ QUOTE ]

So does this mean you can 10 table at Party?

[/ QUOTE ]

Exactly.

[/ QUOTE ]

Dang I thought Multitablers would only be able to play 4 tables and lessen the ratio of TAGs to fishies. Oh well.

[felix83]

I think you're forgetting about AP: order food to the table! Who doesn't like to sit down to 3 table with a nice stiff drink and a virtual burger? /images/graemlins/crazy.gif

[DWarrior]

This is terrible, I'm playing $50NL on 4 tables, there are only 6 full tables going, half the tables are the same 6-7 guys 4-tabling the Multi Poker bonus with me.

These sites will disappear once the multi bonus is cleared, I know I'm not staying.

On second thought, I'm noticing that it's easier to make a steady profit off these guys. Most of them have their PF down, but suck post flop. Yet, they're not totally random like the ultimate party fish.

[illogical]

This sucks! I hate you!! /images/graemlins/mad.gif

[Recliner]

LOL. Man you are way off. The stock took/is taking a dive because everyone expected Party's revenue to double every year and it's not.

[tonypaladino]

keeping on page 1

[tonypaladino]

[ QUOTE ]
keeping on page 1

[/ QUOTE ]

[JudoGirl]

...bye bye skins...bye bye JudoGirl screename...it was fun Empire, but over to Party I go...was never getting rakeback, so it doesn't make sense to stay...too bad I can't use my JudoGirl screenname at Party...

ashes to ashes, dust to dust...

[NoChance]

This whole thing reminds me too much of Mr Burns on the Simpsons and his greed for money. I found some quotes that seem to fit the situation:

[ QUOTE ]
Mr. Burns: I could crush him like an ant. But it would be too easy. No, revenge is a dish best served cold. I'll bide my time until ... Oh, what the hell. I'll just crush him like an ant.

[/ QUOTE ]

[ QUOTE ]
Mr. Burns: What good is money if it can't inspire terror in your fellow man?

[/ QUOTE ]

And finally:

[ QUOTE ]
Mr. Burns: No one will want to kiss me after this, eh, Smithers?
Smithers: Well, it's their loss, sir.

[/ QUOTE ]

I'm off here something like ten hours and everything has turned up-side-down...

[ QUOTE ]
I'm off here something like ten hours and everything has turned up-side-down...

[/ QUOTE ]
Enjoy!

[NiR]

[ QUOTE ]
...bye bye skins...bye bye JudoGirl screename...it was fun Empire, but over to Party I go...was never getting rakeback, so it doesn't make sense to stay...too bad I can't use my JudoGirl screenname at Party...

ashes to ashes, dust to dust...

[/ QUOTE ]


u do judo? what rank r u. i am also a judoka and compete. i was east coast champion last year. i also do BJJ and muy thai.hit me up on aim so we can discuss stuff including this [censored].

[kyleb]

[ QUOTE ]
[ QUOTE ]
...bye bye skins...bye bye JudoGirl screename...it was fun Empire, but over to Party I go...was never getting rakeback, so it doesn't make sense to stay...too bad I can't use my JudoGirl screenname at Party...

ashes to ashes, dust to dust...

[/ QUOTE ]


u do judo? what rank r u. i am also a judoka and compete. i was east coast champion last year. i also do BJJ and muy thai.hit me up on aim so we can discuss stuff including this [censored].

AIM: NLRZHAR

[/ QUOTE ]

Pickin' up chicks on 2+2.

Niiiiiice.

[ QUOTE ]
Pickin' up chicks on 2+2.

Niiiiiice.

[/ QUOTE ]
Might as well make this thread worth something...

[SCfuji]

its not mikes fault.

[NiR]

lol guys... just intereted. if she was a he, i would still give my aim . having commont things is nice. never met anyone who plays poker and does judo!!. btw how old are you judogirl and where u live haha:) no poker might as well have some fun /images/graemlins/smile.gif.

[NiR]

btw i am a very successfull player if that helps.... lol

[TheHip41]

[ QUOTE ]
Drop your jocks and grab your socks, boys... I'm at 17BB/100 for the last 2 1/2 hours.

ASF = 38.5, where's the fire?

Party On!

BJ and sidebet on the tables gotta go, however.

[/ QUOTE ]


I alread MS painted them right out of this world. Just open it in MS Paint, paint it all black (my table mod is black) then put it in the image file, it's gone /images/graemlins/grin.gif

[Sciolist]

The skins would've received notice. If they didn't get much, there'll be court cases aplenty..

[Sciolist]

If I were the skins, I'd be setting up a new network with just the skins on. Why pay Party for the "privilege" of using their software &amp; support?

I would infact have been planning that since the moment Party told me they were going to do this.

[Sciolist]

I would imagine that Party's deal with the skins mean that they get a percentage of the skin's rake, so you'd still be paying Party.

[1800GAMBLER]

All you people wishing death on the OP or going mad at party poker or thinking this is a bad decision need to grow up.

Party poker does not owe any of you a living, getting rake back was a gift, you were lucky to get it, it's not your right. Any money you made from rake back, came directly out of partys profits, when you (against policy) switched skins.

This is a great move for party. They are obviously making A LOT less than they should be from the skins because the skins will now go close to bust, then they will have no arm to fight with if they want to make a new contract with party.

[billyjex]

[ QUOTE ]
All you people wishing death on the OP or going mad at party poker or thinking this is a bad decision need to grow up.


[/ QUOTE ]

I agree all of us probably overreacted. Mike probably took an unfair share of critiscism because he is the only direct link many of us have ever had to a representative from PP.

I stand by my rash comments, and many others, because you tell a bunch of young guys you are taking away a signifigant amount of their income (without warning) and they will be a little pissed.

[hemstock]

Wonder if party will ever reach 70k users again

[Sciolist]

I basically agree, but I do think this'll help my work (I work for PS), but hurt my hobby (I can't play on PS).

Also, don't Party want to keep their most frequent players happy? I would guess a good few percent of their most frequent players read this forum.

[ QUOTE ]
This whole thing reminds me too much of Mr Burns on the Simpsons and his greed for money. I found some quotes that seem to fit the situation:

[ QUOTE ]
Mr. Burns: I could crush him like an ant. But it would be too easy. No, revenge is a dish best served cold. I'll bide my time until ... Oh, what the hell. I'll just crush him like an ant.

[/ QUOTE ]

[ QUOTE ]
Mr. Burns: What good is money if it can't inspire terror in your fellow man?

[/ QUOTE ]

And finally:

[ QUOTE ]
Mr. Burns: No one will want to kiss me after this, eh, Smithers?
Smithers: Well, it's their loss, sir.

[/ QUOTE ]

[/ QUOTE ]

Extrememly appropriate.

FWIW: On Eurobet 4791 players on 677 tables.

On Party: 17,511 players on 2,331 tables.

It's just a small Sunday morning sample size, but right now Party looks to be about 4x the size of the skins.


Lord I'm going to miss rakeback.

[Sciolist]

[ QUOTE ]
FWIW: On Eurobet 4791 players on 677 tables.

On Party: 17,511 players on 2,331 tables.

[/ QUOTE ]
19640 on PS right now... This is gonna be an interesting week.

[sfer]

[ QUOTE ]
Wonder if party will ever reach 70k users again

[/ QUOTE ]

Probably by the end of October.

[TemetNosce]

[ QUOTE ]
Probably by the end of October.

[/ QUOTE ]

Agreed. Give it a couple of weeks for the waters to calm., then everyone will head to Party. It's all about the fish, it always has been...

[NiR]

[ QUOTE ]
[ QUOTE ]
Probably by the end of October.

[/ QUOTE ]

Agreed. Give it a couple of weeks for the waters to calm., then everyone will head to Party. It's all about the fish, it always has been...

[/ QUOTE ]

ofcourse it is.. you guys havnt started looking for rb deals in party yet. get with it. everyone is moving to the party.

[mackthefork]

[ QUOTE ]
Interesting work around to screw everyone and keep revenue. Choose either less rake via rakeback or more fish and high rake.

[/ QUOTE ]

If it wasn't for people shouting about this all the [censored] time, then this wouldn't happen. Congratulations people you just killed the goose that layed the golden eggs.

Mack

[VinnyTheFish]

[ QUOTE ]
PartyCasino

Mmmm, another casino to whore.

[/ QUOTE ]

Mmmm, another casino to whore ... <font color="blue"> and get banned from </font>
FYP

[mackthefork]

[ QUOTE ]
Wonder if party will ever reach 70k users again

[/ QUOTE ]

Nope, PokerStars will have over 100k users every night in 12 months time imo.

Mack

[mackthefork]

[ QUOTE ]
All you people wishing death on the OP or going mad at party poker or thinking this is a bad decision need to grow up.

Party poker does not owe any of you a living, getting rake back was a gift, you were lucky to get it, it's not your right. Any money you made from rake back, came directly out of partys profits, when you (against policy) switched skins.

This is a great move for party. They are obviously making A LOT less than they should be from the skins because the skins will now go close to bust, then they will have no arm to fight with if they want to make a new contract with party.

[/ QUOTE ]

Listen, this is pure and simple a bad idea for Party and its stock-holders, give it some time and this will clearly be shown to be the worst piece of financial mis-management in the history of the world.

Mack

[ QUOTE ]
Listen, this is pure and simple a bad idea for Party and its stock-holders, give it some time and this will clearly be shown to be the worst piece of financial mis-management in the history of the world.

Mack

[/ QUOTE ]

Will someone PLEASE explain this line of thinking to me?

Party cutoff 3.6% of their entire revenue, and left open the real possibilty that much of that 3.6% will return. They have also set themselves up in a good position to bring back that 3.6% and more.

The 96.4% that already existed do not even know that anything happened and wont be going anyhwere. How is this a bad thing for Party???

[mackthefork]

[ QUOTE ]
[ QUOTE ]
Listen, this is pure and simple a bad idea for Party and its stock-holders, give it some time and this will clearly be shown to be the worst piece of financial mis-management in the history of the world.

Mack

[/ QUOTE ]

Will someone PLEASE explain this line of thinking to me?

Party cutoff 3.6% of their entire revenue, and left open the real possibilty that much of that 3.6% will return. They have also set themselves up in a good position to bring back that 3.6% and more.

The 96.4% that already existed do not even know that anything happened and wont be going anywhere. How is this a bad thing for Party???

[/ QUOTE ]

a) Side bets and Blackjack will take money off the poker tables, fish are actively being encouraged to play games where Party get 100% of the money.

b) The above leads to games getting tighter, as a higher %age of players are pros or semi pros. This will eventually lead to games becoming hard/impossible for all but the very best players to beat. From there a lot of college type pros who rely on RB to make ends meet will have to quit playing 30k hands a month and get real jobs (delivering pizza), or move to a site that has a mutually beneficial relationship with it's customers.

c) All this will ultimately lead to the demise of party as a poker site and reduce revenues by a lot in my opinion. Afterall the only reason Party has been successful is that it had enough players to provide soft games, without this it would be a failure much like other sites with a few exceptions have been.

d) Wait for the current market price to half next time a profits warning comes out (next 4 weeks imo).

Regards Mack

Edit: To emphasise this point do we all agree that when it comes to poker site customer bases do we all agree that 10,000x4 does not equal the same as 40,000x1?

[Voltron87]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Listen, this is pure and simple a bad idea for Party and its stock-holders, give it some time and this will clearly be shown to be the worst piece of financial mis-management in the history of the world.

Mack

[/ QUOTE ]

Will someone PLEASE explain this line of thinking to me?

Party cutoff 3.6% of their entire revenue, and left open the real possibilty that much of that 3.6% will return. They have also set themselves up in a good position to bring back that 3.6% and more.

The 96.4% that already existed do not even know that anything happened and wont be going anywhere. How is this a bad thing for Party???

[/ QUOTE ]

a) Side bets and Blackjack will take money off the poker tables, fish are actively being encouraged to play games where Party get 100% of the money.

b) The above leads to games getting tighter, as a higher %age of players are pros or semi pros. This will eventually lead to games becoming hard/impossible for all but the very best players to beat. From there a lot of college type pros who rely on RB to make ends meet will have to quit playing 30k hands a month and get real jobs (delivering pizza), or move to a site that has a mutually beneficial relationship with it's customers.

c) All this will ultimately lead to the demise of party as a poker site and reduce revenues by a lot in my opinion. Afterall the only reason Party has been successful is that it had enough players to provide soft games, without this it would be a failure much like other sites with a few exceptions have been.

d) Wait for the current market price to half next time a profits warning comes out (next 4 weeks imo).

Regards Mack

Edit: To emphasise this point do we all agree that when it comes to poker site customer bases do we all agree that 10,000x4 does not equal the same as 40,000x1?


[/ QUOTE ]

this is some cracked out analysis, way to pull numbers out of thin air

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Listen, this is pure and simple a bad idea for Party and its stock-holders, give it some time and this will clearly be shown to be the worst piece of financial mis-management in the history of the world.

Mack

[/ QUOTE ]

Will someone PLEASE explain this line of thinking to me?

Party cutoff 3.6% of their entire revenue, and left open the real possibilty that much of that 3.6% will return. They have also set themselves up in a good position to bring back that 3.6% and more.

The 96.4% that already existed do not even know that anything happened and wont be going anywhere. How is this a bad thing for Party???

[/ QUOTE ]

a) Side bets and Blackjack will take money off the poker tables, fish are actively being encouraged to play games where Party get 100% of the money.

b) The above leads to games getting tighter, as a higher %age of players are pros or semi pros. This will eventually lead to games becoming hard/impossible for all but the very best players to beat. From there a lot of college type pros who rely on RB to make ends meet will have to quit playing 30k hands a month and get real jobs (delivering pizza), or move to a site that has a mutually beneficial relationship with it's customers.

c) All this will ultimately lead to the demise of party as a poker site and reduce revenues by a lot in my opinion. Afterall the only reason Party has been successful is that it had enough players to provide soft games, without this it would be a failure much like other sites with a few exceptions have been.

d) Wait for the current market price to half next time a profits warning comes out (next 4 weeks imo).

Regards Mack

Edit: To emphasise this point do we all agree that when it comes to poker site customer bases do we all agree that 10,000x4 does not equal the same as 40,000x1?


[/ QUOTE ]

Great. Now what does any of what you just typed have to do with party splitting off?

[mackthefork]

[ QUOTE ]
this is some cracked out analysis, way to pull numbers out of thin air

[/ QUOTE ]

Thanks but I haven't mentioned any (important) numbers in my post, but I'm sure if you make something up then post it, it will turn out to seem true.

Mack

[mackthefork]

[ QUOTE ]
Great. Now what does any of what you just typed have to do with party splitting off?

[/ QUOTE ]

Simplified version

Fish play BJ - Pros make less money - Pros quit - Party stock goes down - The only way to get players is to have players, online poker folk lore.

This change is bad for players, and bad for Party.

Mack

[sfer]

[ QUOTE ]
Listen, this is pure and simple a bad idea for Party and its stock-holders, give it some time and this will clearly be shown to be the worst piece of financial mis-management in the history of the world.

[/ QUOTE ]

I don't want to exaggerate, but you might be the dumbest person since the Big Bang.

[grandgnu]

[ QUOTE ]
[ QUOTE ]
Great. Now what does any of what you just typed have to do with party splitting off?

[/ QUOTE ]

Simplified version

Fish play BJ - Pros make less money - Pros quit - Party stock goes down - The only way to get players is to have players, online poker folk lore.

This change is bad for players, and bad for Party.

Mack

[/ QUOTE ]

Mack, you say that the reason party is succesful is because it has soft games. Then you lament that all the bad poker players are all of a sudden going to jump over to blackjack, and thus the pro's will leave the poker tables and go elsewhere.

You make ZERO sense. If the poker games are soft (which I believe they are) then pro's leaving these tables will not affect them, since pro's do not create soft games, they prey upon them.

A lot of people play poker because they enjoy going all-in and bluffing. They just can't do that with black jack. Please return when you have a clue.

please please
give me a gun and let me kill the tool that did this

[PokerBob]

[ QUOTE ]
[ QUOTE ]
Wonder if party will ever reach 70k users again

[/ QUOTE ]

Probably by Monday .

[/ QUOTE ]


fyp

[ShineOn]

They told me I'm too old to party.

I say the party's just beginning.

[Baulucky]

On a serious note Mike: Have you considered the possibility that you are being used as an accessory to commit stock fraud?. (Serious question). If this thing blows up, you can be charged with several counts of fraud, including wire fraud, mail fraud, and as you have helped and abetted this "scheme" on several occasions, I believe they can also apply you the RICO act.

I think you may be an unsuspecting victim, but ignorance of the law is no excuse for landing in jail...

Good luck in the future.

[ QUOTE ]
Wonder if party will ever reach 70k users again

[/ QUOTE ]

uhhh, don't you get it, they never had 70k users. I played on 3 different skins. So me multiplied by everyone else that does this equals 10000+ duplicate accounts. It's going to be interesting to see what sunday nights totals bring for Party, cuz I don't see them skyrocketing from there initial player base in 2 weeks.

[vulturesrow]

[ QUOTE ]
[ QUOTE ]
...bye bye skins...bye bye JudoGirl screename...it was fun Empire, but over to Party I go...was never getting rakeback, so it doesn't make sense to stay...too bad I can't use my JudoGirl screenname at Party...

ashes to ashes, dust to dust...

[/ QUOTE ]


u do judo? what rank r u. i am also a judoka and compete. i was east coast champion last year. i also do BJJ and muy thai.hit me up on aim so we can discuss stuff including this [censored].



[/ QUOTE ]

This is quite simply the best post ever on 2+2.

[wdcbooks]

This loss of rakeback hysteria may or may not be warranted. I tend to think that other sites will pick up the slack for the pros and daily mulit-tablers. Party will also get a portion of the multi-tablers who think they bad players make it worth their while.

I find it amusing though that so many people assume that if a corporation's decision has a negative impact on them personally, it must be a bad business decision. I am certain that Party had people crunching the numbers for some time before making this move. I would further assume that they have a better grasp on how this will affect their profitability than a random sampling of people with limited information and little business education.

I think the vast majority of Party's customer base have never heard of rakeback or a skin and will continue playing just as they always have.

[Synergistic Explosions]

Mikes a genius. He figured out how to get back all the players that left for rake back. Plus he made sure Party would offer those players rake back also. So the players stay happy.

Plus he got Party to offer ten tabling to make sure the players can still play the number of games they are use to.

Mike O'Malley couldn't defend himself from attacks, but I know he has done nothing but represent the high volume player for Party in our best interests. Thanks Mike O'Malley.

PS Please let me win the name the table contest.

[Jurollo]

Side bets and intergrated deal making, to me this seems pretty cool. I won't panic yet, I will give them a chance to prove this could work first.
~Justin

[Voltron87]

[ QUOTE ]
Mikes a genius. He figured out how to get back all the players that left for rake back. Plus he made sure Party would offer those players rake back also. So the players stay happy.

[/ QUOTE ]

yeah if this works out like i think it might party will have played it like geniuses, and i will be better off as well.

[A_PLUS]

Im a little curious why we are all so suprised by this.

The biggest poker room online has a deal with some smaller poker rooms to share their customer base. They do this to expand their base, with someone else footing the advertising costs.

It backfires and most of their high volume players go through the skins and party gets a % of their action rather than the whole lot.

They know and understand why these players did it.
-They love the soft party games
-They love paying with rakeback.

They can easily look at the numbers and realize that the higher % of regular who switched to a skin, the worse the deal gets for them.

So, assuming their are a few intelligent people running party poker. Why are we suprised that this happened. Seems to make sense to me.

[Educator]

There is a lot of nonsense on this thread.

I am somewhat of an unwilling expert as I bought a fairly big chunk or Partygaming when it was first sold in the US. I knew the business, and since Warren Buffet is a smart man and says invest in what you know, I bought. I know how important it is for there to be many players on a site and Party was the dominant site and I also thought it was reasonably well run. I knew the business could never keep growing at the same rate it had in the years since Moneymaker won the World Series, but I assumed anybody with half a brain knew that and a slowing of the growth rate would not freak people out like it did. I was wrong. There were also a couple of other issues that left a bad taste in my mouth. Before they went public they posted an earnings statement, but they never mentioned that they were paying off a $750m loan that they had made to themselves to buy what appears to be the company that supplied the software and servers, which they of course already owned under a different name. This gave them a chance to extract money through a different path than selling stock and had the effect of lowering their previous years and first 'public' quarter earnings substantially. However, this is almost completely or is completely paid off (they are taking in huge amounts of money!!!) so the next earning should look dramatically better even if they don't grow at all.

With respect to the skins, they said they were going to dump them and that they found it a horrible business model even before they went public. Party doesn't give rake backs, but I got $200 for signing, another $150 two weeks later for making another deposit, and a month later was offered another $100. Given the amount I am playing it seems it has to be a better deal than if I was getting a 30% rake back. (I never play more than two games as my earnings seem to go down with more than that as I lose too much from not knowing who should be called, but this is a personal decision). I can understand why multigamers might suffer and while it is true that you are important, like unpaid props for the site, you are probably still a relatively small percent of their business. They probably feel it is better to use cash to generate new player than to keep you kids happy. They are also interested in expanding their casino operation as this is less cyclical and more profitable and they have the capital and means to expand into a business arena which now has high barriers to entry. That is the reason for the blackjack and the sidebets and the eventual direct connection to the casino. All of these things are not so good for the professional poker player, but not being good for you is not their principal concern. I have seen brick and mortar clubs increase the rake by going from time collections to a drop, institute jackpots and do all sorts of things that aren't good for professionals and end up only increasing their business.

I assume they are quite sure this will be good for them, though of course they could be as wrong as I was when I bought their stock, but thats horseracing. I am also sure they care what you think but not enough to continue with a business model they have known for a long time was not good for a big company in their market position.

Good luck to you all.

[Jim Morgan]

Putting BJ and side bets on poker sites is a separate issue from the split. They just happen to be taking place at the same time.

I think the Skins getting screwed. It seems like they were paying good money to get the software AND the player base.
I am guessing some lawyers are going to be very busy trying to find a way to stop this. It may be legal, but it certainly seems like it is a pretty dirty way to do business with the Skins.

I believe that it is a TERRIBLE idea for poker sites to put blackjack and other gambling so 'in your face'. It may or may not hurt the games or erode the player base, but it is still a very bad idea.

Internet gambling in the US is not a given for now and eternity. Frankly, I am surprised there has not already been a crackdown of some sort. LOTS of US dollars are flowing overseas and the bible thumpers (who are rapidly taking over) just love to burn a few witches at the stake to justify their existance.

If poker is to set itself apart from other gambling, it needs to do exatly that.

Jim

[warlockjd]

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Listen, this is pure and simple a bad idea for Party and its stock-holders, give it some time and this will clearly be shown to be the worst piece of financial mis-management in the history of the world.


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I don't want to exaggerate, but you might be the dumbest person since the Big Bang.

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You should read his political posts