I play at a lot of poker sites but in your opinion, which site has the most money? I would say Pokerstars and Party Poker. Pokerstars is my favorite and if I ever won their weekly 300K tourney, I would leave the money at the site and request checks rather than transferring to say Neteller or Firepay. Ever since Raymer , Williams, and Moneymaker winning the WSOP, they have grown tremendously. They have the best online tourneys, hands down.
You obviously didn't read my article or the one Fishhead posted from Financial Times. It is not a misprint, bankers are guessing somewhere between $4-6 billion. The place generated about $350 million in cash flow during 2004. It is easily worth the big numbers because it figures to keep growing in cash flow with a laughably low amount of capital spending required.
Just say they average 40,000 players at at given moment, which is an underestimate. It is 2am eastern and they still have 35,000 active players.
Just say that each player contributes an average of $3/hr in rake (probably another underestimate)
40,000 X 3 X 24 x 365 = 1,051,200,000 in rake per year
That is alot of fukin rake
Just say that each player contributes an average of $3/hr in rake (probably another underestimate)
40,000 X 3 X 24 x 365 = 1,051,200,000 in rake per year
That is alot of fukin rake
PartyPoker for sure, on a sidenote my best friend(a recent Poker novice/MBA from Pepperdine/Oil-Exec making over six-figures/very high IQ), recently bought in at UltimateBet for a mere $100, and has since ran it up to 9K at the low limit tables. He said he just plays 'em tight and folds 'til he has the nuts, further adding that the players there just fire on every hand.
Shana Hiatt is wonderful eye candy.
Shana Hiatt is wonderful eye candy.
jamesbong said:
but of those 35,000 active players , how many were playing at the fun money tables. no rake involved there .
no doubt these places are making a killing. pokerstars recently went over 1 billion hands played. the overhead cant be that much to run one of these sites.
I'm not sure who has the biggest bankroll. But I would recommend anybody interested in Poker to give UltimateBet a shot. My first biggest withdrawal of around 6.5k took 48hrs to be process but second withdrawal of 5k took LESS than 24hrs to NETeller!
Normally new high roller 1st withdrawal takes longer as they need to do fraud check on hands etc. Second withdrawal onwards will take less than 24hrs and that is very cool and not to mention they have just upgraded their software to add more features to tourneys!
Normally new high roller 1st withdrawal takes longer as they need to do fraud check on hands etc. Second withdrawal onwards will take less than 24hrs and that is very cool and not to mention they have just upgraded their software to add more features to tourneys!
miked429 said:
Party is openly looking to be regulated. The are on the verge or relocation to Isle of Man and have mentioned they might end up in the UK once the regulation there is set up. My guess is with the buzz around poker and the way a deal is structured, they could easily be given a market cap even higher than $6 billion. If they only sell 10-15% of the company to start out it can easily happen. That is how the Las Vegas Sands IPO made the company almost 60% more valuable than MGM Mirage. Get into a hot sector that so many investors want to be in and then limit the supply and the share prices will go through the roof. My guess is that Party's management might even wait a year or two. The numbers will only get better from a cash flow perspective, at least for another year or so. If they get to $500 million in cash flow and limit the shares sold, they can easily garner $7.5 billion in market cap. At 15x cash flow, it wouldn't be all that expensive compared to lots of gaming companies that have to spend hundreds of millions of dollars a year in capital. Considering it is a pure play on poker and the internet, I think this stock will easily be in that range, if not higher.
World Number One said:
I would estimate about 10%. Either way, they are raking it in. Even a .5/1 Limit Holdem will generate about $20 of rake/hr. So even if you had 20% Fun People out of 40,000, that leaves 32,000 people playing for money on 4,300 tables. Even if all the tables just raked in $20/hr, that is 753,360,000 (4300 x 20 x 24 x 365). I realize this a crude calculation, but no matter how you estimate it, it is huge. And in this calculation, the rake per player per hour amounts to $2.69. I know when I play, my share of the rake on my tables is roughly $30/hr.
