| Posted by: ian_go at January 29, 2006, 3:21 pm | | Topic: PartyGaming Forum: Winner Online |
Quote: Originally Posted by The Original Mary
Looks like Sporting Bet is better run than Party....
SB PLC is a class act.
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| Posted by: GrandMaster at January 29, 2006, 10:06 am | | Topic: PartyGaming Forum: Winner Online |
PartyGaming has been in the news, for example in The Times. It looks like blackjack is profitable even if serious poker players hate it.
"Blackjack players boost PartyGaming
By Miles Costello
Revenues at PartyGaming, the operator of the world's biggest online poker site, soared by 65 per cent during the fourth quarter, thanks to the success of its new blackjack offering and its ability to cross-sell to eager punters.
Shares in PartyGaming also rose confidently in early morning deals after the group said it had signed up a record number of poker players - at 229,277 over the period."
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| Posted by: The Original Mary at October 13, 2005, 6:42 am | | Topic: PartyGaming Forum: Winner Online |
Looks like Sporting Bet is better run than Party:
Quote:
Best of all, Sportingbet was able to reassure the City that, unlike PartyGaming, it was not having to spend a fortune on marketing to attract new business. The odd poster of a scantily clad Caprice notwithstanding, it has kept the so-called "average cost of acquisition" to $132 per new customer, compared with over $200 for the market leader. Sportingbet has been able to cross-sell poker to customers of its other casino games and its core sports betting business. A new "shared purse" makes it easier for customers to place bets across all Sportingbet's gambling opportunities.
http://news.independent.co.uk/busin...ticle319177.ece
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| Posted by: cipher at October 12, 2005, 5:20 pm | | Topic: PartyGaming Forum: Winner Online |
I can well imagine a scenario whereby EMPIRE will weather the storm but I wouldn't count on PARTY POKER making it to the end of the year.
Have a good one.
Cipher
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| Posted by: GrandMaster at October 12, 2005, 1:15 pm | | Topic: PartyGaming Forum: Winner Online |
The Financial Times had several articles on Party Gaming and online gambling stock recently, http://news.ft.com/cms/s/9927b22c-3...000e2511c8.html, http://news.ft.com/cms/s/d948c636-3...000e2511c8.html,
http://news.ft.com/cms/s/366fcb16-3...000e2511c8.html.
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| Posted by: The Original Mary at October 11, 2005, 9:57 am | | Topic: PartyGaming Forum: Winner Online |
Cutting the legs out from under Empire makes it cheaper for Party to acquire.
Empire getting their own casino side probably did not make Party love them.
Interesting all around.
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| Posted by: Jetset at October 11, 2005, 6:09 am | | Topic: PartyGaming Forum: Winner Online |
Oct. 11 (Bloomberg)
Empire Online Ltd. and Gaming VC Holdings SA shares led Internet gaming stocks lower amid concerns about growth prospects and competition in the industry, according to investors.
The Merrill Lynch Internet Gaming Index has slumped 15 percent since PartyGaming Plc, the world's biggest Internet poker operator, said Sept. 6 sales growth is slowing. PartyGaming stock is trading below the price at which it was sold in June's initial public offering, as are shares of Empire Online and 888 Holdings Plc.
Investors who clamored to buy stock in online gaming companies earlier in 2005 are growing cautious as more businesses in the industry arrange share sales and researchers forecast slower growth. 888, the world's largest Internet casino operator, last month priced its shares at the lower end of the range used to canvass investor interest, and the stock has since slid a fifth.
``It's an area where investors are going to feel ery nervous,'' said Jane ... | | Read Entire Entry |
| Posted by: ian_go at October 10, 2005, 11:19 am | | Topic: PartyGaming Forum: Winner Online |
Poker shares take another big hit
Empire Online’s share price fell by a third today and other egaming stocks fell sharply as edgy investors gave the sector another body blow.
Empire’s alue fell by over US$0.3bn following the announcement PartyGaming has set up a new operating platform solely for PartyPoker.com.
Empire Poker, the poker room owned by Empire Online, will now share a separate player pool with Party’s other skins, Coral, Intertops and Multipoker.
And analysts speculated the move to a smaller “skin only” network will damage Empire’s growth prospects.
“[The separation] causes some near term uncertainty surrounding Empire's player activity and yield per active player given that the liquidity at Empire Poker will be reduced,” a research note from Numis said.
And investors reacted swiftly by bailing out of Empire leaving the share price down 33% at a record low of 121p, aluing Empire at approximately US$0.62bn.
This was despite Empi... | | Read Entire Entry |
| Posted by: pokerpeon at October 10, 2005, 5:26 am | | Topic: PartyGaming Forum: Winner Online |
Why do you guys think their margins have lowered (from the press release they state that margins have gone down from $19.20 per active player day to $17.80.) This is BTW, what has killed them market-wise. The market expected another year of double growth and now they won't be getting it.
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| Posted by: GrandMaster at October 5, 2005, 12:53 pm | | Topic: PartyGaming Forum: Winner Online |
PartyGaming shares dropped another 8% today. I bet some people are not so happy about buying it any more.
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| Posted by: Jetset at September 10, 2005, 6:23 am | | Topic: PartyGaming Forum: Winner Online |
The Empire Online thing certainly is interesting, and one of the English newspapers claimed that Party Gaming was interested in Empire Online around about the time of the Sportingbet announcement - the report said that Party Gaming executives were meeting over last weekend to consider their options on such an acquisition.
Noam Lanir the main shareholder at Empire and founder must be rubbing his hands with glee!
I can't get my mind around Segal's statement that sent the Party Gaming stock southwards despite some pretty good results, unless it was simply human error, which I doubt given his professional reputation. Such a statement wouldn't fall under public company reportage requirements at this point, I'm sure.
I guess there has been a great deal of speculation on the motivation for his comment - one UK newspaper suggested they were trying to screw up the listings of other online gambling operations on the IPO trail! Another suggested that having made a killing on sellin... | | Read Entire Entry |
| Posted by: GrandMaster at September 10, 2005, 1:09 am | | Topic: PartyGaming Forum: Winner Online |
The plot thickens. According to this morning's Financial Times, "PartyGamingPartyGaming, the online betting group that this week lost a third of its market alue, is believed to have appointed Deutsche Bank to advise it on the potential purchase of Empire Online, which provides marketing services to internet poker sites.
Empire is currently in talks with Sportingbet about a deal that could alue it at £700m."
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| Posted by: GrandMaster at September 7, 2005, 9:40 am | | Topic: PartyGaming Forum: Winner Online |
Quote: Originally Posted by Online Casino Reviewer
Maybe a case of they have got their money and now dont care what happens.
The founders still own 70% of the shares, so I think they care.
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| Posted by: ian_go at September 7, 2005, 8:48 am | | Topic: PartyGaming Forum: Winner Online |
Share price reacts to the term alue given by investment analysts. I wish that any company's stock was tied to the way they treat their affiliates Sadly it is not the case here.
from egrmagazine.com
PartyGaming share price down by a third
Shares in PartyGaming nosedived by over 30% and other egaming stocks fell sharply on Tuesday, following the firm’s warning over a slow-down in the poker market.
Shares in PartyGaming nosedived by over 30% and other egaming stocks fell sharply on Tuesday, following the firm’s warning over a slow-down in the poker market.
Party published its half-yearly results with operating profits up 70% to US$237.7m (£128.9m), but said year-end 2005 revenues would be lower than expected.
"Group revenues are expected to continue to show good year-on-year growth, although at rates lower than the substantial rates previously experienced," the firm added in a statement.
And the first tangible evidence of the widely expec... | | Read Entire Entry |
| Posted by: Webzcas at September 7, 2005, 6:49 am | | Topic: PartyGaming Forum: Winner Online |
This is more of a case of shooting oneself in ones foot, the same as Gerald Ratzner did to his jewelery store chain in the UK in the late 80's.
Very foolish and I cannot understand why Party did this. Especially as they are still growing and revenue is actually up. Maybe a case of they have got their money and now dont care what happens.
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| Posted by: dominique at September 6, 2005, 10:50 am | | Topic: PartyGaming Forum: Winner Online |
Perhaps the openly bad press they have been getting from webmasters has something to do with it. I hope so. They need to clean up issues and deal with things.
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| Posted by: GrandMaster at September 6, 2005, 8:48 am | | Topic: PartyGaming Forum: Winner Online |
PartyGaming has been in the news today, for example, http://today.reuters.co.uk/Investin...PARTYGAMING.xml, as the share price dropped by 1/3, below the IPO price. The fear is that the phenomenal growth in online poker is over and that new players are spending less.
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