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View Full Version : Party had no choice

Tuco
10-09-2005, 12:49 AM
The dye was cast in March, when Partypoker stopped letting affiliates see their individual tracker figures. The result of this was that high-volume players left Party because they could not longer get rakeback. The skins flourished, using Party's best customers.

This was a no-brainer for Party. They will suffer in the short term with lower traffic, but almost all those who left Party will return. They left for rakeback and they will return with rakeback, as it is readily available to anyone that looks. Maybe not as high as they were getting, but fairly close.

I would say that within two months, Party will be close to the figures they were at before. Not only that, but at a much higher profit/player ratio.

Tuco.
istewart
10-09-2005, 12:55 AM
[ QUOTE ]
The dye was cast

[/ QUOTE ]

I stopped reading here.
MicroBob
10-09-2005, 01:00 AM
[ QUOTE ]

I would say that within two months, Party will be close to the figures they were at before.

[/ QUOTE ]


Not necessarily.
since many of the 70k players on at any given time came from the skins....and also came from players who were logged onto 2 or 3 sites at the same time.
70k players logged-in NEVER meant 70k seperate individuals.
It just meant 70k accounts.

Do we think it was around 1k or 2k or so that were multiple-account users....or maybe even more than that??

not sure.


I agree though that they pretty much made an obvious decision (and actually made it belatedly).
goodguy_1
10-09-2005, 01:03 AM
[ QUOTE ]
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The dye was cast


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I stopped reading here.

[/ QUOTE ]

TUCO knows what the heck is going on from the inside if you dont read his posts on this topic you are missing out on valuable information.

The more I think about what Party has done here the more I like it for Party's stock ..sure short term players totals will be down but if they can build those numbers back up slowly and and just maintain solid growth this will be amazing feat. They have engineered this thing brilliantly and in the meantime they have cleansed the system of bogus accounting gimmicks-which anyone that had a clue knew they had to clean out at some point.

This stock in the short-term is going to move much higher unless they come out with another earnings warnings which had been rumored late last week.

Watch PRTY.L and EOL.L monday morning will be interesting to see the markets reaction!
twowords
10-09-2005, 01:04 AM
[ QUOTE ]
They left for rakeback and they will return with rakeback, as it is readily available to anyone that looks. Maybe not as high as they were getting, but fairly close.


[/ QUOTE ]

Ooh do tell. Does it involve fraud?
imported_anacardo
10-09-2005, 01:05 AM
[ QUOTE ]
[ QUOTE ]
They left for rakeback and they will return with rakeback, as it is readily available to anyone that looks. Maybe not as high as they were getting, but fairly close.


[/ QUOTE ]



Ooh do tell. Does it involve fraud?

[/ QUOTE ]

Yeah. PM me or something.
Exsubmariner
10-09-2005, 01:06 AM
[ QUOTE ]
70k players logged-in NEVER meant 70k seperate individuals.
It just meant 70k accounts.


[/ QUOTE ]

I always thought they counted the play money tables to juice the numbers, myself.

X
busguy
10-09-2005, 01:10 AM
[ QUOTE ]
They left for rakeback and they will return with rakeback

[/ QUOTE ]

Probably not if they are half as thick as the rest of these guys (you know . . . the one's whining in every thread tonight) who had their rakeback account at a skin as opposed to . . . .
Tuco
10-09-2005, 01:31 AM
[ QUOTE ]
70k players logged-in NEVER meant 70k seperate individuals.

[/ QUOTE ]

Good points Bob.

I guess I should have said, within two months Party will be making more money than they ever have. /images/graemlins/smile.gif

Tuco.
Lawrence Ng
10-09-2005, 02:27 AM
Pft, I want my rakeback you bish! /images/graemlins/cool.gif

Lawrence
dibbs
10-09-2005, 02:32 AM
[ QUOTE ]
They left for rakeback and they will return with rakeback, as it is readily available to anyone that looks. Maybe not as high as they were getting, but fairly close.

[/ QUOTE ]

Allright, I'll be the first to confess my ignorance on the matter. I am under the strong impression that those of us who signed up with party about 3 years ago before the knowledge of unmentionable were pretty much blocked out from ever receiving it on there, they were quite strict about making new accounts and making new accounts under different names seems risky.

What am I missing here? How is it available? Feel free to PM me if you don't want to discuss it here.

Thanks.
timprov
10-09-2005, 02:32 AM
Sure, once they killed rakeback on Party proper and left it on skins, this sort of thing was inevitable. However, there was zero logic behind that decision. If they'd just left Party rakeback alone, everyone would be a lot happier, including them.
Jimbo
10-09-2005, 03:03 AM
[ QUOTE ]
If they'd just left Party rakeback alone, everyone would be a lot happier, including them.



[/ QUOTE ]

Yeah, they are crying all the way to the bank.
Tuco
10-09-2005, 03:10 AM
[ QUOTE ]
However, there was zero logic behind that decision.

[/ QUOTE ]

I think (but not sure by any means) that it had alot to do with the IPO. Bean counters that dont understand how the system worked probably thought it lead to more problems than it was worth.

Tuco.
Precision1C
10-09-2005, 03:15 AM
Does Party Poker really want multitabling sharks gobbling their "fish" that much? Isn't the next step cutting down the amount of rakeback/affiliate rate to reduce the number of sharks? Since Party just cut out all the skins aren't you affiliates next on the chopping block? After all, you bring in sharks not fish and it looks like Party is trying to cut down the benefits given to sharks since they go where the fish are anyway. Being cynical I have to believe Party will try to recruit all the fish it can with advertising and raise the rake and pay the high limit volume players with somesort of direct rakeback with the extra income from the rake cap hike.

Review of events:
1. Party Poker attempts to suppress rakeback at their site.(We don't need large volume sharks, hurts affiliates since they lose clients)
2. Party basically removes itself from the Party network. (We don't need the large volume sharks that moved to the skins to get rakeback)

It looks to me like the next step is
3. Forces the large volume sharks to pay above market rake for access to their "fish". (The high volume shark needs Party a lot more than Party needs you.)
ihardlyknowher
10-09-2005, 03:22 AM
[ QUOTE ]
[ QUOTE ]
--------------------------------------------------------------------------------

The dye was cast


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I stopped reading here.

[/ QUOTE ]

TUCO knows what the heck is going on from the inside if you dont read his posts on this topic you are missing out on valuable information.

The more I think about what Party has done here the more I like it for Party's stock ..sure short term players totals will be down but if they can build those numbers back up slowly and and just maintain solid growth this will be amazing feat. They have engineered this thing brilliantly and in the meantime they have cleansed the system of bogus accounting gimmicks-which anyone that had a clue knew they had to clean out at some point.

This stock in the short-term is going to move much higher unless they come out with another earnings warnings which had been rumored late last week.

Watch PRTY.L and EOL.L monday morning will be interesting to see the markets reaction!

[/ QUOTE ]

Also, their "growth" will increase. Now, if they add 4,000 players it will be 10% growth, not 5%. All the analysts will jiz and Party's stock goes back up.