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Poker stocks?

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  1. Voland Voland is offline

    United Kingdom

    Posts: 163
    Joined: Oct 07

    Apr 28th, 2009 (4/28/2009 1:25pm)

    Just bought some stocks in PartyGaming. I must say it feels good to own a tiny part of my favourite poker site. Now I'm part of the house, and of couse I expect to get rewarded with a sick heater in May!

    Is there anyone else here owning stocks in poker/gaming companies? Any good tips for future investments?

    PS. Can't wait for the "Should Ivey be allowed to play at FT/Should Linda_86 be allowed to play at party"-thread.
  2. mollineaux mollineaux is offline

    Posts: 8
    Joined: Apr 09

    Apr 28th, 2009 (4/28/2009 2:05pm) in reply to Voland

    In the UK many major bookmakers run online poker sites - William Hill,ladbrokes,betfair,Victor Chandler etc. Anyone fancying a punt on their shares should check profitability/dividend against share price, bearing in mind the market generally is depressed (some think this is a good time to buy !).But just like poker - don't invest money you can't afford to lose !
  3. DUBZX DUBZX is offline

    Erie, PA
    United States

    Posts: 627
    Joined: Feb 06

    Apr 28th, 2009 (4/28/2009 2:27pm) in reply to Voland

    with possibility of party being allowed back in U.S. in sometime in the next couple of years I am wondering if buying partygaming is a good idea.
  4. Voland Voland is offline

    United Kingdom

    Posts: 163
    Joined: Oct 07

    Apr 29th, 2009 (4/29/2009 5:32am) in reply to mollineaux

     
    Originally Posted by mollineaux View Post

    In the UK many major bookmakers run online poker sites - William Hill,ladbrokes,betfair,Victor Chandler etc. Anyone fancying a punt on their shares should check profitability/dividend against share price, bearing in mind the market generally is depressed (some think this is a good time to buy !).But just like poker - don't invest money you can't afford to lose !

    Yeah. I like Ladbrokes, but I wish they had some bigger visions when it comes to the poker site. A couple of years they were one of the more popular sites in Sweden. They should use simple facts like this in their advertising to win players over from stars and FT: In some countries, like Sweden - all winnings from euro sites (like Lads) are tax free, but on Stars, FT etc. we are supposed to pay 30% of the gross winnings (If you win 100 dollar the first hand, and lose then the second hand - you have to pay 30 dollar tax even though you're in fact break even. Sick, but true). Despite this most players chose Stars and FT, even though a losing player can be charged with a lot of tax (in theory of course, but still). Incredible Ladbrokes don't use this advantage in a better way!

    EDIT: And the same can be said about partypoker obv.
    Thread Starter
  5. rocketpplayer rocketpplayer is offline

    Posts: 59
    Joined: Mar 09

    Apr 29th, 2009 (4/29/2009 4:12pm) in reply to Voland

    If they can get the on-line gaming passed in the U.S. I think there stock would be huge.
  6. pokerfan X pokerfan X is offline

    United States

    Posts: 456
    Joined: Feb 06

    Apr 29th, 2009 (4/29/2009 6:51pm) in reply to rocketpplayer

    GIGM is a publicly traded company that owns euro targeted everest Poker (last years WSOP felt sponsor) and is also planning to move into the Asian gaming markets with poker and mah jong(biggest chinese gambling game).
  7. Voland Voland is offline

    United Kingdom

    Posts: 163
    Joined: Oct 07

    May 4th, 2009 (5/4/2009 9:09am) in reply to pokerfan X

     
    Originally Posted by pokerfan X View Post

    GIGM is a publicly traded company that owns euro targeted everest Poker (last years WSOP felt sponsor) and is also planning to move into the Asian gaming markets with poker and mah jong(biggest chinese gambling game).

    Thank's! Will have a look at them!
    Thread Starter
  8. Thatislife Thatislife is offline

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    Joined: Oct 05

    May 4th, 2009 (5/4/2009 9:57am) in reply to Voland

     
    Originally Posted by Voland View Post

    In some countries, like Sweden - all winnings from euro sites (like Lads) are tax free, but on stars, FT etc. we are supposed to pay 30% of the gross winnings (If you win 100 dollar the first hand, and lose then the second hand - you have to pay 30 dollar tax even though you're in fact break even. Sick, but true). Despite this most players chose Stars and FT, even though a losing player can be charged with a lot of tax (in theory of course, but still). Incredible ladbrokes don't use this advantage in a better way!

    This is how it is supposed to be on any poker site and/or casino(except it is by session not by hand) if you don't file as a pro, but the US doesn't get that 30 hardly ever. Definitely not online. Not in the least bit enforceable. Not to mention it is retarded.
  9. daconil daconil is offline

    Greenvale, NY
    United States

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    May 5th, 2009 (5/5/2009 1:27pm) in reply to Voland

    Just check what the stock was before party left the US market.
  10. Spaceh0g Spaceh0g is offline

    United States

    Posts: 348
    Joined: Feb 07

    May 5th, 2009 (5/5/2009 1:54pm) in reply to daconil

     
    Originally Posted by daconil View Post

    Just check what the stock was before party left the US market.

    true, but don't you think they've lost alot of market share that will be difficult to get back?
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