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#1
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Poker sites invest money?
Right now on Party Poker, I am sure there is millions of dollars. Do you think that Party invests some of this to genereate even more money ?
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#2
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Re: Poker sites invest money?
duh [img]/images/graemlins/smile.gif[/img]
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#3
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Re: Poker sites invest money?
No, they convert it to nickles and store it like Scrooge McDuck:
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#4
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Re: Poker sites invest money?
Sorry, I guess it was a dumb question... I was just curious. Party is a gold mine.
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#5
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Re: Poker sites invest money?
LOL!!!!
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#6
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Re: Poker sites invest money?
At least the ones that work for party [img]/images/graemlins/smile.gif[/img]
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#7
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I think casino payout delays/waits are due to this somewhat....
I figure if they hold everyone's money for 5 days it's like a ridiculously large no interest loan.....that they may never (if you lose) pay back in it's entirety.
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#8
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Re: Poker sites invest money?
[ QUOTE ]
Right now on Party Poker, I am sure there is millions of dollars. Do you think that Party invests some of this to genereate even more money ? [/ QUOTE ] What better investment could they make than advertising, bonuses, and other traffic building attempts? |
#9
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Re: Poker sites invest money?
You can bet on it. I'm no attorney or banker but I believe US banks are required to keep less than 20% of their total deposits on hand (I think its actually 9-12%). Party Poker is not subject to FDIC reserve requirements and may keep less than that.
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#10
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Re: Poker sites invest money?
Yeah you are right. Banks only have to keep a tiny percentage of the money on hand. That is why if you have a large balance and wish to withdraw it that you may have to wait a few days.
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