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Poker News: good barrons article on PartyPoker and the ban...just good info
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CommentAuthorelsambando
- CommentTimeOct 7th 2006
I know you are all sick of talking about it and the such. But I thought this article by Barrons was just a good read. Some of you might enjoy it...
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CommentAuthorbigguz2000
- CommentTimeOct 7th 2006
Good article for the business side of it!
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CommentAuthorMR04
- CommentTimeOct 7th 2006
Pretty flawed article. Obviously their liabilities are not going to outweigh their assets. The $$____ reported for liabilities/prizepools is going to be a estimate made the the time the statements were made. These include bonus' and guaranteed prizepools. Well the second Bush's pen touches paper the days of the Million/200K are over so you can knock 8 figures +off that liability.
Add in the fact the Monster is probaly on the balance sheet as a liability well that's being cancelled and I guarantee Party will somehow find a way to pocket another 8 figures in some shady way from that considering they've been raking that .50 from un aware players since the bill was passsed even though they know they're banning US players and have no way of continuing with the promotion.
And somehow I doubt any major site uses player's balances as operating capital as the article would like you too believe.
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