Professor wrote:
The sad fact is the market is contracting and affiliate programs are seeing a major reduction in capital. Unfortunately they will be cutting expenditures wherever they can so that they can survive long enough to either replace the revenues they lost or effect a sell out to a better capitalized operation.
Consolidation and closures will be a sad fact in 2007.
I would look at membership here at CAP as a barometer of where a program is at in terms of cash flow and stability. If they cant pay the light bill to stay here I would take that as an ominous sign of where they are heading in the future.
I can’t agree more. I was told by a program today that players are really struggling to make deposits.