Any of you get in? Im in Seoul and couldn't get cash on there. Posted about this possibility.

party was so smart for cutting off gaming to america. things are lookin good for party these days.

Im in, waiting for my conformation now.

http://uk.finance.yahoo.com/q?s=bpty&ql=1

up about 30% after 1 hour of trading, BPTY on London Stock Exchange

I was too busy listening to the Quad Jacks livecast, didn't get my trade in, now unhappy

Its funny how in the past they were downright ridiculed for their decision and then some for their settlement with the DOJ for what can only be described as a shakedown for $150 Million.

IMO - with upcoming changes, Party stands to profit a lot more in a much smaller timeframe than they could have by staying in the US back in 2006.

That, coupled with the recent merger and we can safely say things are indeed looking up @ bwinparty central.

Now if only the stocks hit pre-UIEGA level...

This was the most obvious trade of the year. Anyone who didn't get in dun goof'd.

It could simply go the other way just as quick. Calm down, maybe later today some DOJ comments come out and it gives 20% back tommrow. High variance for awhile with any of these names.

I personally didn't manage to get things setup with my broker as fast as I could've hoped for, even though I was preparing for this since Saturday.

However, I did manage to add about ~1000 new @ 1.65, which I am totally fine with, since I have a lot more from previous trades. This is more of a long term investment for me anyway, I fully expect these to reach new heights once the situation in the US straightens out and the synergies with bwin kick in.

Plus, don't forget that bwin.party isn't really so much a "Poker company" as it is a Casino (PartyCasino is probably the no.1 online casino at the moment) and bookie (bwin won European betting operator of the year at EGR if I am not mistaken).

Although you can't disregard all the added profit this little mixup will undoubtedly add to their bottom line.

how does party make more money in this whole situation ? doesnt make much sense to me.

You mean operationally or stock-wise?

Operationally - simple - in the short term they pick up all the big Euro players who will leave PS and FTP due to the uncertainty of whats going on there. They are already making this effort with a new promo.

And in the long term - depending on what happens in the US, apply for a license there and start printing money from the US market. Definitely not going to be pre-UIEGA big, but you can be sure it wont hurt the bottom line. And lets not even get into the hypothetical situation in which FTP and PS are banned from providing services in the US due to this whole ****up and Party are given the chance to pick up all their players.

As for the stockmarket - hey, if I knew how it'd react to all the things happening I probably wouldn't be OnMyBlackBerryLOL

You do realise it opened at £1.72 (+28%) and unless you had hindsight and hit the market on friday before 16:30 UK time you'd not be making much on the trade currently? It'll be interesting what happens over the next few weeks, price will probably consolidate unless there's talk of entry back into the US or they come out with some amazing figures as they've had a huge influx of players.

I bought stock in party prior to their merge with bwin. Unfortunately, I bought at £1.90 ish. Now for some run good please

In addition to what Masq said - you also need to realize that the stocks came crashing down when the rumors of German legislation surfaced. Stocks then fell about 30% in 2 days and this is more or less still making up for that damage.

I personally stand by my decision to purchase lots of Party stock - I'm in it for the long haul, when hopefully the dust settles and they start offering their services in the US again.

Now u know why Party closed shop to usa players in 2006 and why they agreed to pay all these fines after...with Steve Wynn pulling plug on his connection to pokestars...i think ftp/stars will be gone forever..

I remember back in the day (2007) i'd picked a chunk of shares up when they were 22p, they started taking off and hit about 58p but the degen in me held. It was largely speculation that Barney Frank would help party out, but instead he did the complete opposite and completely ****ed them. I think I made a few p/share out of it but was pretty tilting.

I was actually checking out the shares on thursday afternoon as it's the sort of thing i'd do but didn't as i'm not so liquid atm

hmm anyone still think its a good pickup at 170?

Please take the following as my honest non-stocktrader, newbie to the markets opinion -

As a long(ish) term investment - absolutely. With the upcoming regulations in most of Europe (Spain, potentially Germany/Greece/Belgium), the merger with bwin and godknowswhat in the US I think that some time from now their monopoly on the gaming market will most certainly skyrocket their stocks.

Again, I am not a broker, but I truly think we will see some nice returns on these stocks

I kind of agree, I think partypoker should be rewarded for their sacrifices, Party Poker getting a license in America while FTP and PS get the boot would be a nice statement by the gov

You'll know tomorrow

Also depends how long you're planning to hold for.

I was up and ready hours early to put down a huge order, but when it opened at 170...

might wait a day or two now

It'll retrace a bit possibly (plus it wasn't one hour - that was out of hours trading over the weekend & it opened at 165).

What you haven't seen is the nightmare rollercoaster it's been on in the last couple of weeks - it lost 30% of value after the germans announced a huge tax on online gambling. I'm pretty much back to square one (+1%).



I reckon the price it's at now is roughly where it'll stay for a while - their non-poker earnings are pretty good, and black friday might boost their poker player pool, although not vastly (european players still seem to be sticking with PS & FT). However the real reason I bought into party in the first place was for the potential re-entry into the american market, which of course is a long term hold (2012 maybe?). I think that's looking a lot more possible now.

http://www.guardian.co.uk/business/m...-losing-streak

How do you see strict regulation benefiting these companies? Obv Party will increase their market share, but that's mostly because the whole market is probably shrinking due to US actions. They will no doubt pick some of the scared Europeans who panic and exit PS/FTP, but Party is not the only choice for these people. Plus despite all the allegations and indicments by the US GOV, PS (and FTP) is still very popular and trusted among most people and market leader in Europe with goverment regulated operations in many countries eg. France and Italy. More importantly bwin.party is not solely a poker company, in fact large majority of their income comes from sports betting and casino games. One thing that is going for Party is their dealings with the DOJ on '09, which gives them huge advantage over other foreign companies if US starts to open and regulate online poker (but that's a huge IF, and even in this scenario US B&M companies would probably destroy them).

Damnit, I wanted to buy some but didn't realize it was on a foreign exchange (stock noob).

so tilting, i heard about black friday at like 4pm on friday, insta went online to try and buy up party shares but couldnt find my ****ING PINSENTRY YOU ****** BARCLAYS **** MARKETMASTER BOLLOCKS ACCOUNT.

by the time i got on the phone the market was closed. SUCKS