Member Info for crookman

+ 1

Sorry Frankie, it's the first report of tax revenue in NJ for up to Dec 31st 2013. This will give us a clue as to the possible revenue we might be looking at from the state. It's due Tuesday evening UK time.

In poker, revenues have grown since the introduction of our new poker client that is now available to approximately 65% of our customers, as well as from the launch into New Jersey where our network is the market leader based on the number of cash game players according to data from Pokerscout.com. Our iOS applications for poker and casino are ready to launch in New Jersey as soon as they receive the requisite approval from the regulator which we hope will be received shortly. Casino has also benefited from the launch into New Jersey and with a much improved mobile offer in our core markets in Q1 2014, we expect to see further casino growth through this channel. Bingo net revenue has improved versus the previous quarter with a steady recovery in performance in both the UK and Italy while Spain remains relatively small. Including US marketing and launch-related costs of between €7m and €10m in the current year (of which €1.5m was expensed during the first half of 2013), it is expected that in the year to 31 December 2013 Continuing Clean EBITDA margins for the Group will be between 16% and 17%, assuming a normalised gross win margin in sports betting between now and the end of the year. "The Group has faced numerous challenges over the past three years, but most of them are now behind us and I am confident that, under the leadership of Norbert Teufelberger, bwin.party is well-placed to return to growth by capitalising on its strong market position, leading brands and proprietary technology." I know we all saw this last month, but I thought this was worth reposting at this time. I know it's all jam tomorrow, but unlike previous years they are quoting Q1 of 2014 not next year or the year after. Making claims like this in an RNS would be foolish, so lets see if they are true to there word or not.

Kamel, I think it’s fair to say that no posters on here are overly positive, nobody can see much past the 130’s in the short term and perhaps saying you are bringing perspective to the board is a little rich. Unlike some boards nobody on here is spouting wild claims of 2 or 3 times the current price in the future. The concentration on the US is not a surprise as this is a new and important revenue stream going forward and still an unknown, the rest of the business up to recently has been in decline as we all know but the potential for improvement from the low base we are working from makes for some optimism in results through this year. Most of your views are not out of line with most, except the 60p in years to come, you have based that on further decline across the business plus the US not expanding and us not being profitable there anyway. I have to say you have painted a picture of pure failure across the whole business over the next 2 to 3 years and in light of that you would be right, however EVERYTHING going wrong is wildly pessimistic. Time will tell as havey a fellow long term investor has said.

Malta, at least the rate of decline is slowing each day, must be near the bottom now. We haven't heard from nomoney for some time, I hope he sold out at 125, otherwise he must be climbing the walls by now.

Albus, The 65,25,10 deal is across the board in my view too, but as Boyd own the Borgata I find it hard to see how they are only taking 10% from this operation, so I feel there must be something else in place. What - who knows? I’ve tried to find more detail on the deal but there’s not much out there. Just like Wingnutter I did find the MS release on FT.com a bit of a joke, I have tried to cut and paste it into here for you, but it won’t play ball, sorry. Hopefully WN will have better luck.

Albus, 150 would be out of this world, frankly I would be grateful getting back to 130. Wie have to get our heads around the calculations, how tax revenue equates to operators profit, then our share which you would think will be close too, if not a greater percentage than our poker share currently. I say greater because currently WSOP is much more poker orientated than casino so I’m guessing we are getting the lions share. The only question mark is how the split between us and the Borgata site goes, are they getting most of the casino revenue which we would only get a cut of? My head hurts already!!

Afternoon chaps, Can only agree with your frustrations. My view now is simply I’m in it for the long run and any red ink on paper is just that, paper. Although it hurts to look at my portfolio I’m sure by the time we get either the NJ update next week or more likely the next results, things will look better. The brokers won this battle, but not the war. GL

Better late than never.....classic bwin.party

See what you mean, -8% each, sector drift, not just BPTY. We have none of the downsides that LAD & WMH have, just good news to come this year.

I agree, but you know that already.

http://njpokeronline.net/news/what-you-need-to-know-party-devils-sixers-deal/

Hi Malta, It's a tricky one, it looked ok at 114 until the markets turned after the US opened which made it slip another 1p but seems to be holding. Notice 888 is down 5p or 3% today too. As you say the open tomorrow will tell a story. GL

Seen enough at 114 to now go overweight. Fingers crossed.

http://www.bloomberg.com/news/2014-01-08/76ers-devils-sign-u-s-based-teams-first-gambling-sponsorship.html More upfront cost but will stand us in good stead in the long term.

Steve Wynn is not short of money and looking for more online exposure, at the moment he is half heartily tiring in with Caesars/888 in NJ to not much effect. He was the one that got Stars onside just before black Friday, so we know he’s interested.

I’m starting to think that if we get anywhere near that £1 mark again that someone will come along and snap this up, at about 150p. £1.2bn investment for the likes of MGM is not out of the question and would give them the US market to themselves, in a straight fight with Caesars who have NO money. Any thoughts?

I Know, it really makes no sense. But this share never seems to make sense...

Thanks Malta, agreed albus, 116 would make me blink too, even though I was happy with my holding overweight here I come.

Well, the mobile Apps can only add to the figures going forward. Just how many of these accounts set up in NJ are only using Casino? I really think the news could be better than most expect, aside from the start up costs which are a necessary evil and a good investment as we’re number 1 in the state and need to maintain that going forward to get the most value from other states coming onboard and the inevitable interstate compacts which will start in time. Player liquidity is king in poker, PokersStars have proven that. We need to be the PokerStars of the states.