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85% of partygaming players are from the US and the shares have only dropped 56% so far, I’d wait until they dropped a lot further before buying.
So, what companies are best for investing on the London Stock Exchange?
Oneguy2nv wrote:So, what companies are best for investing on the London Stock Exchange?Right now, I’d say to look for companies that specialize in the liquidation of offshore gambling operations..just kidding :stirpot:
Buy some day after Bush sign the bill, can only go up after that.
:bigsmile:cmos wrote:Buy some day after Bush sign the bill, can only go up after that.
:bigsmile:This will be a binary outcome Up or Bust.
:colgate:
This is rather pathetic especially for their players and affiliates.
People stay loyal with them for years and in the first sign of trouble, they
jump ship. It’s not what I expected from companies that I’ve worked with.cowboy wrote:http://www.casinogamblingweb.com/gambling-news/online-casino/uk_online_casino_stocks_take_knockout_punch_10654.html98% of AllJackpot´s players are from the US, you can check their CasiKnow report (I seem to remember).
I wish these companies had some guts, I truly can not believe they are sitting back and doing nothing while they lose billions of dollars in one day and many more to follow. It makes no sense unless they are working together with the crooked government on some grander scheme.
I would think they would be using the WTO rules and filing suit against the US for their losses. But no, you hear nothing but them laying down and taking it. I am totally confuseabobbled. :blahblah:
Imagine all the money the poker rooms lost today (in revenue and stock price). Had they invested just a small fraction of that to hire lobbyists and such for the last year, they may have avoided all this.
AceKicker wrote:Imagine all the money the poker rooms lost today (in revenue and stock price). Had they invested just a small fraction of that to hire lobbyists and such for the last year, they may have avoided all this.I have to agree, theyve lost billions today, if they had tossed in a fraction of that for lobbying I think they could have avoided the big losses. Hind sight is always 20:20 but looking back its still a bit fuzzy. :banger:
Mitch Garber, chief executive of PartyGaming Plc. (PRTY.L: Quote, Profile, Research) , operator of the leading Internet poker site PartyPoker.com, told the Financial Times that his firm was interested in buying companies impacted by new U.S. legislation to end online gaming in the country, which was passed by Congress at the weekend.
“We are very focussed on mergers and acquisitions. I see our liquidity as being very attractive to smaller players who may not be able to survive on their own,” Garber said.
There was also a post over at 2+2 where somebody saw a report on CNBC’s Today’s Business Europe that Harrah’s was also interested in buying/investing in some of these sites. Makes you wonder if certain ones are going to get them on the cheap and down the road we will have legal online gaming with none of this funny business.
http://forumserver.twoplustwo.com/showthreaded.php?Cat=0&Number=7520112
I wish these companies had some guts, I truly can not believe they are sitting back and doing nothing while they lose billions of dollars in one day and many more to follow. It makes no sense unless they are working together with the crooked government on some grander scheme.
I wondered why they were sitting back doing nothing also, until today. Now I think for sure there is a grander scheme and I think these big online casinos knew this was coming and they didn’t all just sit to take a fall.
I also thought about the stocks, buy low… sell high. There’s so much crooked things that go on daily in our governement, and all kinds of businesses, that there has to be a bigger agenda here. A well orchestrated show maybe.
I guess time will tell…….
