11.20.08
PartyGaming looking dull
Party Gaming seems to be struggling due to current market crunch and business cut off from United States two years back.
During rosy days, Party Gaming brand was worth £7 billion and was the world’s largest and number one online poker room, but today, Party Gaming slipped way down and even ipoker network overtook party.
Today Party has slipped to fourth in the internet poker league table, is worth less than £400 million and is seeking merger partners to beef up its dwindling player pool.
Party Gaming official spoke to one of the news reporter and said that things right now are not looking good but certainly due to new elected president of United States (Obama), things are looking bright for future perspective.
We are in talks with dept of justice and we are heading towards positive deal with DOJ.
PartyGaming also reported a 15 per cent fall in poker revenues to $65 million (£43.2 million).
miguel said,
January 23, 2009 at 8:26 pm
They also did a big mistake during 2008 of changing twice their reward/points strategy. They decided to limit the amount of points you could do per week and even I that was a frequent player at Party decided to give a try on other sites. What happened was that I reached my weekly level in 6 to 8 hours of game play and then I would jumo to another site because playing more wouldnt bring me any benefit. Now in December they decided to move back and you can make all the points you want. Maybe if US opens again they can return to their hold top 3 positioning.
Loved your blog and I will be back!
Best regards,
Miguel