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.
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