Thoughts on the future of PartyGaming (PRTY.L)

[TGoldman]

With Party expecting huge growth in the 4th quarter, CRYP is getting pounded (again) today. For those that regret not buying in before CRYP's previous strong earnings growth report, now might be a great time. On P/E basis, CRYP is at about the same value now at $18.50/share as it was back in September at $16.75/share (back then they had EPS of $1.16, now they're at $1.32). If I recall correctly, the low back before their previous earnings report was around $15.50. That's a multiple of about 13.4. Using the new earnings multiple would put a base of around $17.65/share which CRYP appears to be heading towards. At close to that level, CRYP appears to be an exceptionally strong buy, especially if they also are experiencing a similar boom in casino/poker revenue this quarter that Party is expecting.

[Tzak]

Now that party has BJ,they could be taking away customers from cryp.They may be having a few problems with BJ whores and have changed some of their terms for some of us.The chart looks like it'll go to 15.Party uses their own software but what company also profits from their upbeat forecasts/Any collaberators?Tzak.

[TGoldman]

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Now that party has BJ,they could be taking away customers from cryp.They may be having a few problems with BJ whores and have changed some of their terms for some of us.The chart looks like it'll go to 15.Party uses their own software but what company also profits from their upbeat forecasts/Any collaberators?Tzak.

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Party is still primarily a poker room that also now happens to offer blackjack. At least right now, I don't imagine too many internet casino gamers depositing at party solely for their blackjack. CRYP on the other hand is primarily a casino business that happens to have a poker room attached. I don't see too much casino/casino competition between CRYP and Party right now.

[Sniper]

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Party is still primarily a poker room that also now happens to offer blackjack. At least right now, I don't imagine too many internet casino gamers depositing at party solely for their blackjack. CRYP on the other hand is primarily a casino business that happens to have a poker room attached. I don't see too much casino/casino competition between CRYP and Party right now.


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This is not accurate...

Party is a gaming company... they have a poker room, casinos, and a bingo site.

Party's casino's include Planetluck and Starluck; and AceClub (Empire's casino) licenses their software.

In their latest release they said poker revenue was up to $2.7 mil/day and casino revenue was up to around $1 million/day (a significant jump from before they added the blackjack link to the poker room). Party is also running a blackjack competition at the moment, I suggest you review just how much blackjack the top players in that contest are playing!!!

CRYP is a software company!

[Sniper]

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With Party expecting huge growth in the 4th quarter, CRYP is getting pounded (again) today. For those that regret not buying in before CRYP's previous strong earnings growth report, now might be a great time. On P/E basis, CRYP is at about the same value now at $18.50/share as it was back in September at $16.75/share (back then they had EPS of $1.16, now they're at $1.32). If I recall correctly, the low back before their previous earnings report was around $15.50. That's a multiple of about 13.4. Using the new earnings multiple would put a base of around $17.65/share which CRYP appears to be heading towards. At close to that level, CRYP appears to be an exceptionally strong buy, especially if they also are experiencing a similar boom in casino/poker revenue this quarter that Party is expecting.

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We'll see if Interpoker's current 12 days promotion has any impact on the number of users on crypto.

From what I can see, they did not receive much, if any, benefit from the Party shakeup.

[TGoldman]

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We'll see if Interpoker's current 12 days promotion has any impact on the number of users on crypto.
From what I can see, they did not receive much, if any, benefit from the Party shakeup.

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You're right, CRYP probably won't benefit much from the Party shakeup. My comment about nice 4th quarter earnings was more a cyclical thing in which internet wagering usually peaks in winter quarter.