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Old 05-12-2005, 08:49 AM
sumdumguy sumdumguy is offline
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Join Date: Dec 2003
Location: Canada
Posts: 89
Default Re: The guessing about how much party is making is over!!!

Something doesn't make sense with the 391m number for profits. Granted.. I desperately need sleep, but it just doesn't sound right. Shouldn't it be way higher?

Looking at the Pokerpulse numbers, this morning Party has 4,535 real money players at 637 tables. Their 24 hour peak was 19,318 real money players.. so I'd guess the average hour for Party has maybe 10,000 real money players at 1,400 tables.

So, if we take 1,400 tables x 55 hands per hour x 24 hours x 365 days = 674,520,000 real money hands per year. If we reduce Party's rake by 50 cents a hand it would reduce their earnings by $337,260,000.. which is awful close to their net profits. Something's not right.

They cannot be making 50 cents a hand and relying exclusively on their tournaments and sitngo's to make money. I'd think they have grossly under reported their earnings or grossly overpaid owners and execs such that they are all billionaires.

Before someone bashes me.. I truly desperately need sleep.. but this number just looks too freakin small.
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