blonde poker forum

Just noticed the news from the stock exchange an its only just opened! .... looks grim to me but i know nothing....

Party Gaming down 59%
Netteller   down     57%
888 Holdings down   40%
World Gaming PLC  down 70%

Or as I said, on June 16th, 2005, before they floated......

"....it is illegal to give share advice except under very stringent FSA imposed rules, so here's my view on the Party Gaming (owners of Party Poker) impending float....

Bargepole with a dont touch......"

Today, Party Gaming are - £0.48 - DOWN £0.60. As it happens, that's prob a typical market over-reaction, & they may be worth a small punt at that price, though not for me.

Some gaming and leisure stocks today:

1 WGP World Gaming......13.50 -78.74%
2 XCP Excapsa...........14.00 -68.54%
3 LNG Leisure&Gaming....13.50 -64.94%
4 FPA Fireone...........65.00 -63.17%
5 NLR Neteller.........140.25 -60.49%
6 PRTY Partygaming......44.00 -58.88%
7 SBT Sportingbet.......77.00 -58.21%
8 FGH Fairground Gam....22.50 -50.55%
9 PTEC Playtech Ld.....125.00 -49.80%
10 DATA Datacash.......127.00 -42.73%
11 888 888 Hldgs........95.00 -35.15%
12 BCL Betcorp..........55.50 -29.30%
13 EOL Empire...........49.00 -26.87%
14 GMC Gaming Corp.......5.25 -26.32%
15 GVC Gaming VC Hldgs.114.50 -17.63%
16 BET Betinternet.Com...4.75 -17.39%

Happy investing.

 How safe are fund in neteller accounts ?

                    Neves.

My view would be "safe as houses". A company's share price does not affect it's liquidity.

i think neteller is going to be one compnay that will make a killing out of the new law

the law is about credit cards and funding gaming sites

neteller is an online wallet which is based in CANADA

and payments can be made each way with many sources not just credit cards

Are Neteller not based in Douglas, on the Isle of Man?

©2006 NETELLER. All rights reserved. Trademarks are the property of NETELLER,
4th Floor, 1 Circular Road, Standard Bank Building, Douglas, Isle of Man, IM1 1AF

Cmon lads, give him a break, Iron was only a few miles away.

They were based in Canada a while ago, you've got to remember each Ironside post takes up to 18 months to appear on the forum ::)


Go on the 8meg!! ;D ;karabiner;

sorry they were based in canada i had no idea they moved

still think they will do well out of this

i think neteller are going to rocket up again, its hysteria induced price just now.........so i put £1000 on it at 1.50

1.63 so far

Have Partygaming recovered art all ?

No - they fell a further 4p to £0.40 today. Luckily, the Founding Directors got out just in time, at about £1.10 I seem to recall...........

I ought to check my Ladbrokes share price too - hopefully, they will be pretty much immune.

I would imagine that they have gone up...

Why?

Because they have no American account holders and are by default going to have a greater market share.

A greater market share of a greatly reduced market....

No - Ladbrokes market - Europe - has not diminished at all, as I see it. Though it's gonna get much more competitive. But only a relatively small % of Ladbrokes profit derives fom online gaming.

In that case it could be argued that Ladbrokes market share would diminish as other European sites take on the US customers that have been cut off by the larger poker sites.

Indeed. Even for companies with no US customers (Hills, Lads, Betfair, Coral, Blue Square, etc) it cannot be seen as good news. For sites on networks, drops in liquidity will hinder European companies. For Ladbrokes, which is not on a network this wont affect them, but more competition from the big firms will.

Well, I see that completely the other way round! If there are extra "disenfranchised customers" out there looking for a site, then the market Ladbrokes serves has increased, no?

But in any event, if those US customers are in the US of A, they are barred from all sites, anyway.

I just think that Ladbrokes, almost uniquely, (no network) but Wm Hill ditto, are as insulated against the after-shocks of this as any company in the game. Which is not to say outside the damage zone, but certainly not anywhere near the epicenter.

I'm confused.

But overall, I don't think the world is about to end - I can foresee plenty of positives.

In the entire history of history, every economic cycle  since economic cycles were discovered has boomed & peaked & then crashed. It's like forest fires. It's looks disastrous the next morning, but greater forces soon bring about recovery, the imbalances equal out, and as sure as water cannot flow uphill & God made little apples, all will soon be well.

I think.

My cycle is very economical, but it crashed the other day, with me on it!

At the moment there are a lots of uncertainties;

We don't know which sites will take US customers and we don't know if US customers will be able to fund their accounts easily.

I think that a lot of existing US players will find a way to play. Certainly the better players will try thier hardest to find a way to play. The concern I have is that we will have a great reduction in the numbers of new players. Essentially the games will have a higher proportion of skilled players and will be harder to beat.

I can't see any positives for any part of the industry. I don't however think that this is doomsday for internet poker.

There are enough players from outside the US to sustain the industry. There will always be enough money in the system and enough weak players for the professional to ply his trade. It might be that I have to settle for a slightly reduced income or change the way I work but I'm not too worried yet.

I'm just glad to be on this side of the pond.

Don't forget that European only sites will be facing stiff competition from the big American guns ambushing Europe and taking their customers.

...and in doing so, offering better value for European players.

I thing that the market got it completely wrong in not applying a serious discount factor to the valuations of these companies considering that everybody knew that the US revenues were technically illegal.  The online poker sites can choose to model their business as a cash cow so I believe that any sites with a reasonable management team and adequate cash will stay in business and position themselves for future growth via expansion into Europe and Asia. 

The initial focus will most likely be on Europe so we will likely see more of a choice with regards to attractive tournaments at prime time for us.

I believe that the online poker industry will continue to grow.  The spending fueled by unrealistic market valuations by the US focused companies will have to stop and it will be a while before we see 8,000 people at the WSOP Main Event again.

I'm quite interested to see what happens to Full Tilt now as I was informed that they have invested a fortune and were only planning on reaching break-even point in 2010. Their shareholders must be seriously worried.

Not sure that much has changed, FT, UB, AP etc have stuck 2 fingers up at the US govt and are carrying on as normal. All the party players need somewhere to play now so it should be good for business. Aren't their shareholders mostly multimillionaire poker players anyway?

At the end of the day this is about 1 thing and 1 thing only $$$$$$$$$$$$$$$$ the big casinos in the States are worried so they sponsor a law to outlaw internet gaming the US Gov was worried due to the fact that internet gaming is hard or near impossible to tax with their system ( which is totally irrational by the way ) a few weeks after he won the WSOP I was playing in a cash game with Greg raymer in Dublin and we got talking about US Tax laws and poker amazingly they not only get taxed on winnings but also losses can be offset against tax like any other business I suggested he and I play a game and he loses a couple of mil to me and i drop him 500k back in a suitcase lol.. Im afraid he wasnt interested lol. Anyway to get back to the matter at hand life experience has always shown me that where there is enough $ about then someone will find a way around the system and do very well out of it, If it doesnt turn out like that then TK is totally right what looks like bad news today is tommorrows oppotunity

As I understand it, this bill does not actually become law until Bush signs it in around ten day's time.

We will then see exactly how they intend to enforce it.

A family member made an absolute fortune from stocks and shares a good few years back when the internet was all the rage but he hasn't bothered for years and has retired with his profits but he has gotten involved with this and seen this as a huge opportuinity. I wont say which shares are a definate buy in his oppinion but lets just say some of them have been listed in this thread and the market has hugely over reacted to the new legislation (as they always do). Just because its more difficult for people to fund their accounts (where theres a will theres a way) does anyone on here really believe that internet poker will cease to exist? Think outside the box as to which businesses are going to benefit from the new legislation and that could also steer you in the right direction for a few good investments as well.

i hope and assume its neteller