I'm not sure if this is the right place to post this, but has anyone considered investing in any of these publicly held poker or sportsbooks? With these pending ban on US customers prices are going to fall. Party Gaming droped .25 today. My thaughts is once this ban eventually lifted or never gets signed these stocks will skyrocket. Just a thaught. Looking for some opinions
Partypoker is a company that should be able to survive without the US market, they are huge, have big resources and I dont doubt for a second they already have a considerable player base in Europe and may be Asia as well
Just make sure you dont invest money that you absolutely need to have, investing in those stocks right now is a gamble...........which may pay off nicely
I agree with TT that they have probably gone as low as they are going to go due to this bill
Just make sure you dont invest money that you absolutely need to have, investing in those stocks right now is a gamble...........which may pay off nicely
I agree with TT that they have probably gone as low as they are going to go due to this bill
Problem is the stock had a lot of future growth built into the price and now they will be fighting for years just to get to where they were. I bet 98% of the people who are investing in this stock have no clue how important liquidity is to a poker site. They can make money internationally, but its going to be a pittance because almost everyone plays at Party purely because of its liquidity. Certainly isn't because of their service or bonuses. Either they will have to get hypercompetitive again or they will just be an also-ran in the poker market making unimpressive profits.
My main concern with them is not the Bill but their panicky reaction to it. How many businesses can afford to tell 70% of their customer base to get lost?
So even if this bill falls foul of the WTO - it without much doubt contravenes free trade agreements - then Party and the others who booted out their US customers have lost a load of goodwill by so doing.
I am a shareholder in Neteller so need to declare that interest. They have a stronger franchise in my view since they make some corn every time anyone moves money around. They have not panicked and booted their customers. They should have enough streetwise knowledge to get round any moves made to block access to their site.
The last time I averaged down in a stock was 15 years or more ago - I prefer to average up by buying more shares in a stock I already own as it goes up - but I am closer to doing it with Neteller than at any time since.
So even if this bill falls foul of the WTO - it without much doubt contravenes free trade agreements - then Party and the others who booted out their US customers have lost a load of goodwill by so doing.
I am a shareholder in Neteller so need to declare that interest. They have a stronger franchise in my view since they make some corn every time anyone moves money around. They have not panicked and booted their customers. They should have enough streetwise knowledge to get round any moves made to block access to their site.
The last time I averaged down in a stock was 15 years or more ago - I prefer to average up by buying more shares in a stock I already own as it goes up - but I am closer to doing it with Neteller than at any time since.
