Re: $100 Million at NoblePoker
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Big business or not, I don't believe there's too many companies (relative to all companies) that can afford a $100,000,000 cash flow out and still survive.
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Couple of points:
A. T&C have not been released, but I am sure it will be paid out over the course of about 20 years at $5 million/year. In those terms doesn't seem too bad to deal with for a company.
B. Compare to the risk of natural disasters, AIR Worldwide earlier estimated insured losses in the Katrina-hit states in a range of $17 billion to $25 billion. These figures cover wind and rain damage and some flooding, AIR Worldwide said.
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