Re: PartyGaming rubs salt in Empire\'s wounds
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that may be on paper but not reality for must businesses that have seen draconinan drop in revenues there expense dont fall in line with revenues
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Right, but the Poker business is not like most other businesses, which would love to have 50% profit margins. If you take a look at parties financials, you should be able to extrapolate why I think Empires expenses will drop in line with revenues... also Empires largest expense is affiliate payouts (which are directly tied to revenue).
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that 2006 consensus you can throw out the window ..it's ancient history unless you know that consesus is postsplit form unbiased sources that cover the Empire or you have access to something similar to FirstCall-UK..
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The consensus estimates are post split and latest Empire guidance. Keep in mind that Empire had been attracting members at a fast clip, while this has certainly slowed, I doubt that it comes to a stop.
The pre-split estimates were 160m for 2006.
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