How much money does party have at one time?

JGalt · #1 04-22-2005, 12:36 AM

I'm trying to figure out, roughly, how much money party has in players money at any given time. Any ideas? Trying to figure out how much they make in interest off that.

Chiron · #2 04-22-2005, 12:46 AM

Party doesn't keep the money. Pay-pro does.

JGalt · #3 04-22-2005, 12:53 AM

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Party doesn't keep the money. Pay-pro does.

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Ok. I will rephrase. Where do all those millions sit and who is holding onto it and where and how much?

Yobz · #4 04-22-2005, 01:00 AM

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Party doesn't keep the money. Pay-pro does.

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Ok. I will rephrase. Where do all those millions sit and who is holding onto it and where and how much?

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I would guess more than millions: I would guess billions, but thats just a random number out my ass

LinusKS · #5 04-22-2005, 01:18 AM

Imagine I typed a number, and then typed zeroes all the way to the bottom of this page.

Party Poker has more.

Shoe · #6 04-22-2005, 01:26 AM

Why make billions when you can make...... millions????

I'm sure party makes 100k in interest a day, probably more

Bremen · #7 04-22-2005, 02:02 AM

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I'm sure party makes 100k in interest a day, probably more

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At say 2% they'd need 1,825,000,000 to make that much. Well thats assuming yearly interest instead of quarterly, bonus points for anyone who does it continuously compounding!

Do you seriously believe party has 2 billion in deposited funds??? Especially given the vast majority have less than $100. Unless there are 10k 30/60 players on party... even that wouldn't be enough if they only had 600BB rolls.

Sully · #8 04-22-2005, 02:30 AM

Keep in mind that Party doesn't need to keep a dollar in the bank for every single dollar deposited on their site. Like a bank, they only need to keep a certain percentage of that money on hand to handle daily business.

Trust me, if 70% everyone on Party decided to cash out in one day, Party would cease to exist. Actually, they would still exist, but they would be called Dutch Boyd.

Synergistic Explosions · #9 04-22-2005, 02:49 AM

Next Thursday.

Shoe · #10 04-22-2005, 03:08 AM

[ QUOTE ]
Keep in mind that Party doesn't need to keep a dollar in the bank for every single dollar deposited on their site. Like a bank, they only need to keep a certain percentage of that money on hand to handle daily business.

Trust me, if 70% everyone on Party decided to cash out in one day, Party would cease to exist. Actually, they would still exist, but they would be called Dutch Boyd.

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I disagree... if they are running the business how they should, the total value of everyone's accounts would be in an interest bearing account. I know this is how pokerstars does it. They are not using people's deposits to pay salaries, etc... atleast i sure as hell hope not.