Internet poker slowdown

Well so after three months on the market, the future suddenly changed for Party. As a mutual fund manager I took part in the IPO with 800´000 shares, and I also met the analysts from the consortium in which Dresdner Kleinwort were the lead. As a poker player it took just seconds to understand that these analysts didn't have a clue about the industry. They simply extrapolated growth figures and profit margins to forever.

What is happening is growth slowing and competition is beginning to heat up? But guess what, things will change a lot more. The industry is just too profitable and the entry barriers fairly low. That’s why Party now expects that the cost of loyalty programs will increase for the second half of the year.

My expectation is that Poker players will see the total cost for playing decline significantly. The amount of money players today give to Party and the likes is just huge. Playing $1/2$ NL and paying up to 5% is not sustainable. At work we recently renegotiated our cost of trading Nasdaq listed stocks to 0.15%, and that require a full time trader working up to 20% of a days float.

I am still perplexed by the strange acceptance of all these semi-professional internet poker players to pay these enormous sums of money in rake. I bet you guys could use this money for something else. Some of you might be able to run a vodka tab in some of the hot Manhattan clubs like Marquee and Butter, and man you would have some hot girls by your side...

Well it will be nice to see the money leaving the corrupt poker room managers from Gibraltar and return to the pockets of those who deserve them - all you serious poker players!!!

[DeadMoneyOC]

Look at all those banners on the right side of the page _>>

[grinin]

Why would you do this:

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As a mutual fund manager I took part in the IPO with 800´000 shares, and I also met the analysts from the consortium in which Dresdner Kleinwort were the lead.

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When

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As a poker player it took just seconds to understand that these analysts didn't have a clue about the industry.

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[Uglyowl]

The latest trends are actually good for the players and bad for the sites.

The profit margins must shrink at Party. This is the case in any business out there. When there is that much money to be made someone comes in who is willing to give consumers a better deal and be less profitable.

The sky is falling mentality is just incorrect at this point from a players stand point. The shareholders of Party who paid a huge price for the growth of the company was/is a different story.

[Synergistic Explosions]

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The latest trends are actually good for the players and bad for the sites.

[/ QUOTE ]

That is true. The competition to gain new players and retain old players will no doubt create positive opportunities for us players. Better than we've already seen.

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The latest trends are actually good for the players and bad for the sites.

[/ QUOTE ]

That is true. The competition to gain new players and retain old players will no doubt create positive opportunities for us players. Better than we've already seen.

[/ QUOTE ]
Hopefully you are right.

[AlexTrue]

All of us would only greet new bonuses with higher frequency and higher amount on Party skin. When will Party Poker give us something to work out in September? [img]/images/graemlins/wink.gif[/img]

[Timer]

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I am still perplexed by the strange acceptance of all these semi-professional internet poker players to pay these enormous sums of money in rake.

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That's because they're mostly idiots who think they've butchered the fatted calf. I was just at the Commerce Club where they took $70 juice for a $40 satellite. Most of the games are a $4 drop as soon as there is a flop. Poker players are being raped in the B&M and online.

But since everybody here wins their 5BB an hour 8 tabling they don't seem to care.

Personally, I'm sick of getting [censored] by the online sites.

[ QUOTE ]
Poker players are being raped in the B&M and online.

But since everybody here wins their 5BB an hour 8 tabling they don't seem to care.

Personally, I'm sick of getting [censored] by the online sites.

[/ QUOTE ]
Are you suggesting that rake used to be much lower in the good ol' B&M-only days, or that you think rake should be lower?

Because there's a big difference there.

[Theodore Donald Kiravatsos]

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I was just at the Commerce Club where they took $70 juice for a $40 satellite.

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40+7? Is that what you saying? I think I can top that.

I realize that complaining about B&M rake is getting the original post off track, but how about 100+25 for the MTTs at Greektown Casino in Detroit. That takes some nerve.

"Your excuses are your own" -- Richard Roma