Re: CNBC Europe confirms Party Poker may bid for Empire
 

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Party may just take a look at their books walk away

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I think that is exactly the plan. For the last couple years, Empire serviced a completely different type of customer than the average Party customer. You can not have a better "test market" than looking into their books. As I said, this information alone is worth millions to Party and they won't even have to pay for it. Nor do I think they have any intention of doing so. However there is a time value for this information. The longer they wait the more "stale" it becomes and Party wants to make the correct adjustments to attract the higher volume players at the least possible cost ASAP.

Re: CNBC Europe confirms Party Poker may bid for Empire
 

just tried to see if I could hypothetically do a trade in EOL on the short side with my broker in NYC Credit Suisse FirstBoston- both PRTY and EOL trading in London are easy to trade from the long side but I cant get a borrow on EOL to short the stock. I know both trade on the Pink sheets here in the states..

Re: CNBC Europe confirms Party Poker may bid for Empire
 

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CNBC Europe confirms Party Poker may bid for Empire

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I didn't read the article, but this wording gave me a chuckle.

Re: CNBC Europe confirms Party Poker may bid for Empire
 

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I think that this is simply a way for Party to determine the effectiveness of their strategy of cutting the skins off. It opens wide Empire's books and allows Party to see how much a factor rakeback really is in driving high volume players. This information alone is worth millions to Party since they are in a position to implement any type of under the counter RB deal right now. They really have nothing to lose and after the due diligence and seeing that the prospects for Empire's business are weak they simply say: "No, thanks" or lowball them.

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They run the cashier for Empire. Don't they already have this information?