CNBC Europe confirms Party Poker may bid for Empire
 

CNBC Europe confirms rumours that Party Poker may bid for Empire. Cant find any news yet on the rumor:
I mentioned this last nite that the Empires' stock was acting very well Empire is a graveyard

I'm surprised Party didnt wait until Empires' stock was at 45 not 90. Interesting to see if a deal gets done.

Re: CNBC Europe confirms Party Poker may bid for Empire
 

Re: CNBC Europe confirms Party Poker may bid for Empire
 

BBC News

Re: CNBC Europe confirms Party Poker may bid for Empire
 

Nice read goodguy_1! Hope nobody shorted.

Re: CNBC Europe confirms Party Poker may bid for Empire
 

I don't get it.

Why would Party buy Empire now? And why would they pay anything remotely close to current stock prices?

Re: CNBC Europe confirms Party Poker may bid for Empire
 

Hope they buy it.

This would solve the RB problem for many players. [img]/images/graemlins/smile.gif[/img]

Re: CNBC Europe confirms Party Poker may bid for Empire
 

[ QUOTE ]
Hope they buy it.

This would solve the RB problem for many players. [img]/images/graemlins/smile.gif[/img]

[/ QUOTE ]

Something tells me that if this is the reason you're rooting for the deal you're going to be sorely disappointed in the end.

Re: CNBC Europe confirms Party Poker may bid for Empire
 

[ QUOTE ]
Any offer proposal would depend upon, in particular, PartyGaming being satisfied as to a number of material pre-conditions, including due diligence and the prospects for Empire’s business.


[/ QUOTE ]

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.

Re: CNBC Europe confirms Party Poker may bid for Empire
 

I can't see Party paying a premium to the current share price... Empire doesnt have alot of value imo with a current market cap. of ~$600M. Is this company really worth more than 100,200 or $300 Million...are its player's worth that much. Party doesnt need its infrastructure since its just a clone of Party. Noble is a small room on a small network.

Even the players that Empire
owns are highly transient. Many are old time Party players. I dont see how Empire can be worth $300M let alone $600M...


This news was in the stock when it bounced off the lows weeks ago. It still may be a good chance to short the stock..I agree this could be just a strategic ploy by Party.

Empire could be cut in half again without a deal.

Party may just take a look at their books walk away -let the stock get cut in half and then come back and really in earnest be serious about a deal...ruthless shhit.

Re: CNBC Europe confirms Party Poker may bid for Empire
 

[ QUOTE ]
CNBC Europe confirms rumours that Party Poker may bid for Empire.

[/ QUOTE ]

And I confirm that someday the earth may be taken over by aliens.

Someday someone may win 5 WSOP circuit tournaments in a row.

President Rice may legalize internet poker in the US.

And Shana Hiatt may have my baby.

I confirm that all these things may happen.

Re: CNBC Europe confirms Party Poker may bid for Empire
 

[ QUOTE ]
Party may just take a look at their books walk away

[/ QUOTE ]
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
 

[ QUOTE ]
CNBC Europe confirms Party Poker may bid for Empire

[/ QUOTE ]

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

Re: CNBC Europe confirms Party Poker may bid for Empire
 

[ QUOTE ]
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.

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