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Party Poker ends relationship with skins

Discussion in 'Casinomeister's Poker Room' started by pokeraddict, Oct 9, 2005.

    Oct 9, 2005
  1. pokeraddict

    pokeraddict Webmaster

    Occupation:
    Pro Poker Player
    Location:
    Las Vegas
    Party Poker has made what many believe is a suicidal move. They have kicked all of the skins off their network. The skins Multi Poker, Intertops, Empire and Eurobet are all now on their own network. Party Poker kicked off 30% of their players that they made 50%+ of their rake. Currently players are not even able to cash out of Eurobet's poker cashier, this money essentially locked.

    IMO rooms/networks like Poker Stars, Ultimate Bet, Absolute, Prima and Crpytos have to be jumping for joy. Many players will never trust Party Poker again after this. One can only assume this was done to try and save their stock price, one that is sure to be punished in the short term since they have now lost #1 status. Expect Empire and Party stock prices to tank (especially Empire's) and expect any other major room to have a major influx of players, especially rakeback rooms.

    Much of this is my opinion but noone can deny this crazy decision will send ripple for time to come and how much this benefits other poker rooms.
     
  2. Oct 9, 2005
  3. players

    players Dormant account

    Occupation:
    student
    Location:
    nyu
    Where did you get this news from.
     
  4. Oct 9, 2005
  5. largeeyes

    largeeyes Dormant account

    Occupation:
    Engineer
    Location:
    North America
    Party had a press release stating this.
     
  6. Oct 10, 2005
  7. spearmaster

    spearmaster RIP Ted

    Occupation:
    Devil's Advocate
    Location:
    Heaven
    I agree with PokerAddict.

    Personally, I am highly disappointed in the moves they have made since floating, not least because I lost a bet with Simmo :D But I expected that they would go on to bigger and better things - and instead they have done exactly the opposite, with at least two ill-advised moves which could have been averted with proper advice.

    The upside of this is that their stock will soon be available at bargain prices. The downside is obviously for people who bought in early - me, I got lucky because I couldn't find a way to buy stock!

    Empire, however, is not a stock I think I would ever have recommended - and now they will almost surely go on a tailspin.
     
  8. Oct 10, 2005
  9. amandajm

    amandajm Experienced Member

    Occupation:
    Watch
    Location:
    London
    You must register/login in order to see the link.
     
    Last edited: Oct 10, 2005
  10. Oct 10, 2005
  11. buck

    buck Experienced Member

    Location:
    Midwest USA
    Party Poker "silly move"

    Reading the press release they appear to want to introduce other gambling to PP users, such as BJ etc. One of the reasons to play PP is the vast amount of users that are on line at one time, which will surely go downhill. If I want to play BJ whilst playing poker I would go to other sites that currently have this "feature"

    This will open the other networks up to calim the #1 site.



    Buck
     
  12. Oct 10, 2005
  13. jetset

    jetset Ueber Meister CAG

    Occupation:
    Senior Partner, InfoPowa News Service
    Location:
    Earth
    I spoke to their Director of communications John Shepherd yesterday about this release and he says it is part of their long term strategic plan to create one big gaming site where their legions of players can use a common account and play casino, poker or even mobile games under optimum conditions and customer support, using the latest technology. This has apparently been announced on several occasions and the skins were in the picture. They're looking to launch this super-site early next year and their customer service infrastructure is already being beefed up.

    The skins have been given additional features and will continue to operate on the original platform (see the release) It will be interesting to see if there are any statements from them in this regard.
     
  14. Oct 10, 2005
  15. jetset

    jetset Ueber Meister CAG

    Occupation:
    Senior Partner, InfoPowa News Service
    Location:
    Earth
    Empire shares dip as investors fold on poker

    Investors in internet poker were scared away from the sector on Monday despite strong third quarter revenue results from Empire Online as PartyGaming, the market leader said that it would take its customers away from the system of pooled poker players that has provided liquidity for all companies.

    Empires results were overshadowed as Noam Lanir, chief executive, said that there was little growth in the sector during the period and Empires shares slumped 24 per cent to 139p.
     
  16. Oct 10, 2005
  17. Simmo!

    Simmo! Moderator

    Occupation:
    Web Dev.
    Location:
    England
    Market Reaction:

    You must register/login in order to see the link.
     
  18. Oct 11, 2005
  19. mary

    mary Dormant account

    I read the press put out by analysts on the financial side of things, and I'm not sure that all the money people understand how skins and online gaming work. I think they may have been double-counting players and are in for a bit of a shock.

    I just read yesteday of a survey in the UK that had the result that 93% (!) of the respondents had gambled online. That looks like market saturation right there, there may not be much room for growth in the UK market.

    I can see why Party would want to market the casinos side to their poker base, casino customers are 8X more profitable per head than poker customers. Why let those players go play on Playtech or Microgaming sites? I haven't looked at Iglobalmedia's casino software in years, is it any good with respect to interface and game selection?

    Note to studio audience: Mary will never play at an Iglobalmedia site. They ripped off casino players for years without apology with gaffed games and that's how they funded their poker side. They did not see anything wrong with that; the distinction being that they considered their casino games to be fair because they were random. I consider them to be a scam because they did not follow the math of the casino games they protrayed--they were essentially slot machines looking like table games such as roulette. They made no disclosure at any time to players that this was the case.
     
    Last edited: Oct 11, 2005
  20. Oct 11, 2005
  21. buck

    buck Experienced Member

    Location:
    Midwest USA
    Party poker

    Hi,

    Played PP multi table torunament last night. I thought the number of players on line was about the same as I always see.

    I did play BJ and the graphics and game was about the same as Starluck. (various known problems exist with that.) Not quit as nice as some of the other sites. But I would rather not have games with negative expectations on the poker sites.


    Buck
     
  22. Oct 11, 2005
  23. pokeraddict

    pokeraddict Webmaster

    Occupation:
    Pro Poker Player
    Location:
    Las Vegas
    But I would rather not have games with negative expectations on the poker sites.

    It is step one in destroying the quality of the games IMO. Party acts like they are the only game in town, Paradise Poker thought that too. Now they are #8-10 instead of #1 like they were 4-5 years ago.
     
  24. Oct 11, 2005
  25. mary

    mary Dormant account

    Let's be a little bit more explicit about this: having negative expectation games may alienate poker players because those games are sucking money out of the fish, yes? Poker players will accept rake, but they want to see a lot of other players with money to contribute to the Greater Good.

    After all, it is the fattest, tastiest fishies who will be lured into the clutches of Three Card Poker...
     
  26. Oct 11, 2005
  27. pokeraddict

    pokeraddict Webmaster

    Occupation:
    Pro Poker Player
    Location:
    Las Vegas
    EXACTLY! Now over a period of time the fish will get sick of getting beat up by this blackjack or who knows, maybe just play it exclusively. Slowly the quality of games gets lower and lower. People are acting like the sky is falling but there are many other places that have good quality games, you just have to look a bit harder.
     
  28. Oct 12, 2005
  29. Freudian

    Freudian Dormant account

    Location:
    europe
    I have left the network now and that has zero to do with blackjack. I could care less. Once Party offers rakeback again I'll be back. And I know a tonne of high volume players doing the same thing.

    Since 10% of players make for 70% of the rake, Party will catch on pretty fast. It is happening as I type this, in fact.
     
  30. Oct 14, 2005
  31. solring

    solring Dormant account

    Location:
    Texan Living in CA
    Party was back up to 70,000+ players again last night.
     
  32. Oct 14, 2005
  33. mary

    mary Dormant account

    For investment comparison purposes, it's hard to know how many of those 70k players are actually individual customers. Could be 4,000 "ten-tablers" and 30k individual players for a total of 34k individuals!

    The market would like to see poker players converted into casino players. Party can't point to that 70k figure and say, "look! 70k potential casino players! Get excited and buy stock!"

    "Ten tablers" are very unlikley to become good casino customers.
     
  34. Oct 14, 2005
  35. buck

    buck Experienced Member

    Location:
    Midwest USA
    PP number of pllayers

    So if I play BJ whilst I am playing at a poker table will they count me as 2 players on line?

    Just wondering.

    Buck
     
  36. Oct 15, 2005
  37. pokeraddict

    pokeraddict Webmaster

    Occupation:
    Pro Poker Player
    Location:
    Las Vegas
    Yes every seat taken is a player counted regardless of whether they are a unique account or not. Play money players also are included.
     
  38. Oct 15, 2005
  39. Lord_Have_Mercy

    Lord_Have_Mercy Quit Gambling

    Location:
    Parts, Unknown
    Well I closed my account at Party Poker. I deposited $300 todays in a row. I got it both time to around $550 mark. Only to lose it all playing their BJ. Even when I take a beat at the poker table. I tried to get it back playing BJ.
     

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