As the clock ticks down to the final minutes of 2005, Wicked Chops Poker is waxing nostalgic on some big stories that were in this year’s deck of cards–
To kick things off, it would be almost impossible (but not quite impossible) to fondly reminesce on the spectacle of
Let’s face it, the drama, suspense, twists, and turns with
But back on point, PartyGaming gives you everything you could possibly ask for as a quote-unquote poker journalist…
First there‚Äôs the back-story:
Obscene success ensues.
PartyGaming then partied like it was 1999, dropping an IPO on the London Stock Exchange on June 27, 2005. The stock closed up 11% on its initial price and has since seen some peaks and valleys, watching its market valuation soar over $7billion pounds, and is now performing solidly, trading above its IPO price. With the addition of blackjack and other gaming software to its offering,
You‚Äôd think the PartyGaming story then was due for a massage parlor style happy ending. But the soap opera plot thickens, as
Issues surrounding the ethics of PartyGaming’s actions arose. But was it really unethical? Iggy from Guinness and Poker puts it pretty simply, ‚ÄúNo, don‚Äôt be silly." The potential Empire lawsuit shouldn’t have an impact either, as he says, "I would assume that PartyGaming has a fairly competent legal team.‚Äù
Double A‚Äôs also has an interesting take on the Empire skinning, saying, ‚ÄúI was surprised that PartyGaming would have the arrangement they did. I thought the skins had a great business life. PartyGaming spent the most money on advertising and all the regular players were playing through a skin to get big rakeback deals.‚Äù
Will the crumbling Empire turn PartyGaming‚Äôs success into a house of cards? Probably not, but in the end, you never know what the river will produce.