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Listen, this is pure and simple a bad idea for Party and its stock-holders, give it some time and this will clearly be shown to be the worst piece of financial mis-management in the history of the world.

Mack

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Will someone PLEASE explain this line of thinking to me?

Party cutoff 3.6% of their entire revenue, and left open the real possibilty that much of that 3.6% will return. They have also set themselves up in a good position to bring back that 3.6% and more.

The 96.4% that already existed do not even know that anything happened and wont be going anywhere. How is this a bad thing for Party???

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a) Side bets and Blackjack will take money off the poker tables, fish are actively being encouraged to play games where Party get 100% of the money.

b) The above leads to games getting tighter, as a higher %age of players are pros or semi pros. This will eventually lead to games becoming hard/impossible for all but the very best players to beat. From there a lot of college type pros who rely on RB to make ends meet will have to quit playing 30k hands a month and get real jobs (delivering pizza), or move to a site that has a mutually beneficial relationship with it's customers.

c) All this will ultimately lead to the demise of party as a poker site and reduce revenues by a lot in my opinion. Afterall the only reason Party has been successful is that it had enough players to provide soft games, without this it would be a failure much like other sites with a few exceptions have been.

d) Wait for the current market price to half next time a profits warning comes out (next 4 weeks imo).

Regards Mack

Edit: To emphasise this point do we all agree that when it comes to poker site customer bases do we all agree that 10,000x4 does not equal the same as 40,000x1?


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Great. Now what does any of what you just typed have to do with party splitting off?