The guessing about how much party is making is over!!!

[wayabvpar]

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Michael Jackson, currently chairman of software firm Sage Group, was named as non-executive chairman.


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So Party will start offering "12 max" tables?

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Literally made me choke hazelnut latte into my nose...nh.

[Bremen]

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and i very much doubt microsoft is coming even close to the 35% profit margin someone above quoted.

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According to MSN they have a net profit margin of 28.9%. This would be *MUCH* higher if they just stuck to office/windows and didn't throw so much money away on things like xbox and msn.

[TheHammer24]

But new players will show up, and those who get busted will leave. You incorrectly presuppose that everyone buys in the internet gambling once, goes broke and quits. This is incorrect.

People, the producers, buy in many times because they play for entertainment value as opposed to making profit. People who go to bars drop 50 dollars a night and come back every weekend. They do it for fun. The money from rake goes to party who spends it where the producers work, who go and deposit back into party to have a little fun.

[villafan]

The margin on Windows was a fantastic 86% a couple of years ago.

http://www.ananova.com/business/stor...1827.html?menu

"Consumer advocates have criticised the scale of software Microsoft Corp's 86% profit margin on Windows, which runs nine out of 10 personal computers worldwide.

"It's astronomical," said Mark Cooper, research director at Consumer Federation of America, which had pressed for tougher court sanctions against billionaire Bill Gates' group.

"You have got a profit margin, a pile of cash, that is clearly illegally obtained."

Microsoft filed a quarterly profit report last Thursday with the Securities and Exchange Commission, which detailed for the first time the size of the profit margin it makes on Windows.

The figures showed Microsoft raked in $2.89 billion in sales of Windows programs in the three months to Sept 30, with an operating profit of $2.48 billion.

The operating profit was equal to 85.82% of sales, up from a profit margin of 82.27% margin a year earlier."

[lorinda]

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Party's appointment of two heavyweight non-executive directors is also a significant step in the direction of an IPO.

Michael Jackson, currently chairman of software firm Sage Group, was named as non-executive chairman.

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Cubs, help, is that THE Michael Jackson (no noobs, not the singer, the scumbag poker site dude?)

Lori

[Bremen]

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The margin on Windows was a fantastic 86% a couple of years ago.

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I'm too lazy too look it up, but the current numbers for windows/office shoud still be about the same.

[kenberman]

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The margin on Windows was a fantastic 86% a couple of years ago.

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I'm too lazy too look it up, but the current numbers for windows/office shoud still be about the same.

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all these numbers can't just be compared from industry to industry. Software companies, like Pharma companies, have giant R&D expenses which aren't always factored into a 'product margin'.

[o0mr_bill0o]

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Party's appointment of two heavyweight non-executive directors is also a significant step in the direction of an IPO.

Michael Jackson, currently chairman of software firm Sage Group, was named as non-executive chairman.

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Cubs, help, is that THE Michael Jackson (no noobs, not the singer, the scumbag poker site dude?)

Lori

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*sigh* when i hear someone say "is that THE michael jackson?", my first thought is that they're talking about the beer expert...

[AngusThermopyle]

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Michael Jackson, currently chairman of software firm Sage Group, was named as non-executive chairman.

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Cubs, help, is that THE Michael Jackson (no noobs, not the singer, the scumbag poker site dude?)

Lori

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10/05/2005 - Sage pre-tax profit up 16% to £100.6 million for half year ended 31 March 2005

ACT! and Peachtree software among its US products.

Don't know if the CEO would be the one you are thinking about.

[mcozzy1]

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Party Gaming has revealed 2004 profits of US$391m

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That's way more than my 2004 profits.