Thread: PartyGaming (PRTY.L) - 12/8 Trading Update Conf Call
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Old 12-13-2005, 11:04 AM
DesertCat DesertCat is offline
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Join Date: Aug 2004
Location: Scottsdale, Arizona
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Default Re: PartyGaming (PRTY.L) - 12/8 Trading Update Conf Call
From a recent NY hedge fund dinner

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Jim Chanos - Short on PRTY (PartyGaming). This company is part of the poker craze. It is based in Gibraltar and the background of management is questionable. Nielsen ratings are showing single-digit to double digit declines of poker TV shows (the only exception is ESPN's poker show). Chanos says this is often a leading indicator as it happened with Martha Stewart. Interesting story: He recently heard there is a firm in NYC who hires quants from Oxford and India to play online poker and make money for the firm.


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