blonde poker forum

vis a vis the online gambling prohibition act.... this is not madness. why would the US want over a billion a year going out of the country with no taxation.

whilst poker is a game of skill, the rake is so big that i believe over 95% of players lose. I asked the party gaming CEO what the % was and he declined to answer saying it would be bad for business.

if US credit cards are banned from use for gambling or if poker is fully legalized, either is bad for party. if banned they will lose 90% of their customer base who are US based. this can happen overnight, look at Italy for an example. if legalized they will have massive competition from the likes of harrahs and there is no way they will keep their 50% overall market share.

the two founders of party gaming are stepping down from the board and 1 is leaving the company. this means that their share lock up will expire and they will be free to sell around 40% of the company. billions of $ worth.

whilst party has been making $500m a year approx on revenues of around 1 billion and is still growing, a 16 times earning multiple is way too high considering the risk.

at £1.29 above the £1.16 flotation price i would sell as many of the shares as you can.

that is your best way to make money playing party!

Well the BBC asked and its 85%

If they cant deposit using cards they will use cheque, neteller, bank transfer etc