DVO
06-17-2004, 12:10 PM
Ever take a look at that little line on the top right hand of the Party Poker screen, the one that shows the # of hands dealt? It's mind boggling. And it goes up by thousands every hand ( meaning, every 40 seconds or so).
And they're raking every hand, or making 10% on every tourney buy-in.
It's a phenomenal business model. Like Ebay, it has three great characteristics:
1) The more players there are, the more players it attracts (virtuous cycle)
2) It can scale without adding costs ( unlike a casino, which must add tables, rooms, etc) - this is huge;
3) First mover ( Party?) becomes the 800 pound gorilla as it attracts more and more players. I suspect at some point the field will be whittled down to a few players.
Of course, there are political risks to consider.
But, on balance, I wish I could invest in a publicly traded online company.
Is Party owned by a public co? Or is another site publicly traded?
And they're raking every hand, or making 10% on every tourney buy-in.
It's a phenomenal business model. Like Ebay, it has three great characteristics:
1) The more players there are, the more players it attracts (virtuous cycle)
2) It can scale without adding costs ( unlike a casino, which must add tables, rooms, etc) - this is huge;
3) First mover ( Party?) becomes the 800 pound gorilla as it attracts more and more players. I suspect at some point the field will be whittled down to a few players.
Of course, there are political risks to consider.
But, on balance, I wish I could invest in a publicly traded online company.
Is Party owned by a public co? Or is another site publicly traded?