PartyGaming Press Release

[NiR]

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Probably by the end of October.

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Agreed. Give it a couple of weeks for the waters to calm., then everyone will head to Party. It's all about the fish, it always has been...

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ofcourse it is.. you guys havnt started looking for rb deals in party yet. get with it. everyone is moving to the party.

[mackthefork]

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Interesting work around to screw everyone and keep revenue. Choose either less rake via rakeback or more fish and high rake.

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If it wasn't for people shouting about this all the [censored] time, then this wouldn't happen. Congratulations people you just killed the goose that layed the golden eggs.

Mack

[VinnyTheFish]

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PartyCasino

Mmmm, another casino to whore.

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Mmmm, another casino to whore ... <font color="blue"> and get banned from </font>
FYP

[mackthefork]

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Wonder if party will ever reach 70k users again

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Nope, PokerStars will have over 100k users every night in 12 months time imo.

Mack

[mackthefork]

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All you people wishing death on the OP or going mad at party poker or thinking this is a bad decision need to grow up.

Party poker does not owe any of you a living, getting rake back was a gift, you were lucky to get it, it's not your right. Any money you made from rake back, came directly out of partys profits, when you (against policy) switched skins.

This is a great move for party. They are obviously making A LOT less than they should be from the skins because the skins will now go close to bust, then they will have no arm to fight with if they want to make a new contract with party.

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Listen, this is pure and simple a bad idea for Party and its stock-holders, give it some time and this will clearly be shown to be the worst piece of financial mis-management in the history of the world.

Mack

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Listen, this is pure and simple a bad idea for Party and its stock-holders, give it some time and this will clearly be shown to be the worst piece of financial mis-management in the history of the world.

Mack

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Will someone PLEASE explain this line of thinking to me?

Party cutoff 3.6% of their entire revenue, and left open the real possibilty that much of that 3.6% will return. They have also set themselves up in a good position to bring back that 3.6% and more.

The 96.4% that already existed do not even know that anything happened and wont be going anyhwere. How is this a bad thing for Party???

[mackthefork]

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Listen, this is pure and simple a bad idea for Party and its stock-holders, give it some time and this will clearly be shown to be the worst piece of financial mis-management in the history of the world.

Mack

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Will someone PLEASE explain this line of thinking to me?

Party cutoff 3.6% of their entire revenue, and left open the real possibilty that much of that 3.6% will return. They have also set themselves up in a good position to bring back that 3.6% and more.

The 96.4% that already existed do not even know that anything happened and wont be going anywhere. How is this a bad thing for Party???

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a) Side bets and Blackjack will take money off the poker tables, fish are actively being encouraged to play games where Party get 100% of the money.

b) The above leads to games getting tighter, as a higher %age of players are pros or semi pros. This will eventually lead to games becoming hard/impossible for all but the very best players to beat. From there a lot of college type pros who rely on RB to make ends meet will have to quit playing 30k hands a month and get real jobs (delivering pizza), or move to a site that has a mutually beneficial relationship with it's customers.

c) All this will ultimately lead to the demise of party as a poker site and reduce revenues by a lot in my opinion. Afterall the only reason Party has been successful is that it had enough players to provide soft games, without this it would be a failure much like other sites with a few exceptions have been.

d) Wait for the current market price to half next time a profits warning comes out (next 4 weeks imo).

Regards Mack

Edit: To emphasise this point do we all agree that when it comes to poker site customer bases do we all agree that 10,000x4 does not equal the same as 40,000x1?

[Voltron87]

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Listen, this is pure and simple a bad idea for Party and its stock-holders, give it some time and this will clearly be shown to be the worst piece of financial mis-management in the history of the world.

Mack

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Will someone PLEASE explain this line of thinking to me?

Party cutoff 3.6% of their entire revenue, and left open the real possibilty that much of that 3.6% will return. They have also set themselves up in a good position to bring back that 3.6% and more.

The 96.4% that already existed do not even know that anything happened and wont be going anywhere. How is this a bad thing for Party???

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a) Side bets and Blackjack will take money off the poker tables, fish are actively being encouraged to play games where Party get 100% of the money.

b) The above leads to games getting tighter, as a higher %age of players are pros or semi pros. This will eventually lead to games becoming hard/impossible for all but the very best players to beat. From there a lot of college type pros who rely on RB to make ends meet will have to quit playing 30k hands a month and get real jobs (delivering pizza), or move to a site that has a mutually beneficial relationship with it's customers.

c) All this will ultimately lead to the demise of party as a poker site and reduce revenues by a lot in my opinion. Afterall the only reason Party has been successful is that it had enough players to provide soft games, without this it would be a failure much like other sites with a few exceptions have been.

d) Wait for the current market price to half next time a profits warning comes out (next 4 weeks imo).

Regards Mack

Edit: To emphasise this point do we all agree that when it comes to poker site customer bases do we all agree that 10,000x4 does not equal the same as 40,000x1?


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this is some cracked out analysis, way to pull numbers out of thin air

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Listen, this is pure and simple a bad idea for Party and its stock-holders, give it some time and this will clearly be shown to be the worst piece of financial mis-management in the history of the world.

Mack

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Will someone PLEASE explain this line of thinking to me?

Party cutoff 3.6% of their entire revenue, and left open the real possibilty that much of that 3.6% will return. They have also set themselves up in a good position to bring back that 3.6% and more.

The 96.4% that already existed do not even know that anything happened and wont be going anywhere. How is this a bad thing for Party???

[/ QUOTE ]

a) Side bets and Blackjack will take money off the poker tables, fish are actively being encouraged to play games where Party get 100% of the money.

b) The above leads to games getting tighter, as a higher %age of players are pros or semi pros. This will eventually lead to games becoming hard/impossible for all but the very best players to beat. From there a lot of college type pros who rely on RB to make ends meet will have to quit playing 30k hands a month and get real jobs (delivering pizza), or move to a site that has a mutually beneficial relationship with it's customers.

c) All this will ultimately lead to the demise of party as a poker site and reduce revenues by a lot in my opinion. Afterall the only reason Party has been successful is that it had enough players to provide soft games, without this it would be a failure much like other sites with a few exceptions have been.

d) Wait for the current market price to half next time a profits warning comes out (next 4 weeks imo).

Regards Mack

Edit: To emphasise this point do we all agree that when it comes to poker site customer bases do we all agree that 10,000x4 does not equal the same as 40,000x1?


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Great. Now what does any of what you just typed have to do with party splitting off?

[mackthefork]

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this is some cracked out analysis, way to pull numbers out of thin air

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Thanks but I haven't mentioned any (important) numbers in my post, but I'm sure if you make something up then post it, it will turn out to seem true.

Mack