Party down 30% on weak earnings projections...hmmmmmm???

[ctv1116]

Party fell 30% after slower than expected customer growth. Perhaps this is what incited the rake increase...

[ArturiusX]

Source?

Variance?

[Nietzsche]

How much growth did they expect and what was the actual result? Hopefully we are not seeing a decline in the whole industry already?

[brazilio]

Yes, the tables are drying up and all the fish are gone. Poker as we know it is done, and this is just a sign of what's to come. Start looking for desk jobs, people.

[JeffSpicoli]

Source: Bloomberg News
Variance: nope

It's a maturing market based on a skill game that takes money and a time commitment to succeed at. When Tiger Woods hit the pros (and TV!), everybody pulled out the clubs and dreamed of the Masters...huge growth...then all those newbies realized...it's expensive and tough. No different here. There will still money to be made after the tourists are gone, but it'll be tougher.

J

P.S. If someone tells me how to post and image, I'll post a screen shot of the article on Bloomberg News.

[Baulucky]

oops

[webmonarch]

Yeah, this is defintiely something that will happen. I've noticed the tables gettig tougher lately, on a variety of sites.

It was very well bound to happen. We'll see what the next couple of months bring.

[dknightx]

Did anyone short?

[ggbman]

You guys are too much sometimes. I mean sorry, but obviously when the user base at these sights is so high, you cannot expect the same % of growth. Remember, a 10% increase in player population now is equivalent to maybe a 30% increase a year and a half ago. I just think it's funny, the game is still expanding, more people are playing, and you are all worried. Yes the games will get tougher little by little over the next decade, but there will always be bad players. Lets start a thread like this when the actual numbers of players begins to drop.

gabe