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bigredhoss   Cook Islands. Jun 12 2014 22:57. Posts 8646 | | |
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Truck-Crash Life | Last edit: 12/06/2014 23:00 |
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dogmeat   Czech Republic. Jun 13 2014 01:42. Posts 6374 | | |
i dont see how this is a good news |
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not sure if i like this o_O |
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dogmeat   Czech Republic. Jun 13 2014 02:29. Posts 6374 | | |
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Baalim   Mexico. Jun 13 2014 02:52. Posts 34246 | | |
lol relax everything is the same |
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Ex-PokerStars Team Pro Online | |
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dogmeat   Czech Republic. Jun 13 2014 02:57. Posts 6374 | | |
the amount of debt here is quite shady |
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YoMeR   United States. Jun 13 2014 03:01. Posts 12435 | | |
OoooOO might consider moving to NJ/NV again once I see how it plays out. |
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Baalim   Mexico. Jun 13 2014 06:08. Posts 34246 | | |
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Ex-PokerStars Team Pro Online | |
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LemOn[5thF]   Czech Republic. Jun 13 2014 06:23. Posts 15162 | | |
I believe the expertise and talent of Rafi Ashkenazi (COO) with his background at Playtech
oh
fuck |
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Romm3l   Germany. Jun 13 2014 06:41. Posts 285 | | |
huge news.. get that on the lp front page, it's much more significant than the other trivia (pay to meet hellmuth) |
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ggplz   Sweden. Jun 13 2014 11:14. Posts 16784 | | |
Seems they're planning to open up casino/sports betting to stars/ftp players in the future for "growth". Not really my taste
Slides from Amaya's presentation: http://imgur.com/a/ZsTHw
Idk, everything seems like it'll be normal for now but in the future (2+ years) who knows what stars will look like. I think our funds should always be safe (as they're almost certainly going to continue being segregated and not Amaya assets) regardless of how much debt Amaya has. Good news for US players though. |
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if poker is dangerous to them i would rank sports betting as a Kodiak grizzly bear who smells blood after you just threw a javelin into his cub - RaiNKhAN | |
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Mortensen8   Chad. Jun 13 2014 18:12. Posts 1841 | | |
We need US players |
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ggplz   Sweden. Jun 13 2014 18:46. Posts 16784 | | |
If PS re-enters the US it's probably going to be state by state and unlikely ever to be with the rest of the world. |
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if poker is dangerous to them i would rank sports betting as a Kodiak grizzly bear who smells blood after you just threw a javelin into his cub - RaiNKhAN | |
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chris   United States. Jun 13 2014 23:25. Posts 5503 | | |
| On June 13 2014 17:46 ggplz wrote:
If PS re-enters the US it's probably going to be state by state and unlikely ever to be with the rest of the world. |
thanks for throwing cold water on everything....even though you are probably right.
sigh :/ |
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5 minute showers are my 8 minute abs. - Neilly | |
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Vivi57   United States. Jun 14 2014 01:02. Posts 314 | | |
Did those slides really say stars had <500m in revenue in 2013? I had no idea stars was such a tiny business. I always assumed their revenue was at least 5-10x that much. |
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dogmeat   Czech Republic. Jun 14 2014 11:39. Posts 6374 | | |
morons itt
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handbanana21   United States. Jun 14 2014 13:30. Posts 3037 | | |
Im tired of grinding vs russians all day anyways. |
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Romm3l   Germany. Jun 14 2014 13:54. Posts 285 | | |
| On June 14 2014 00:02 Vivi57 wrote:
Did those slides really say stars had <500m in revenue in 2013? I had no idea stars was such a tiny business. I always assumed their revenue was at least 5-10x that much. |
no, double. <500m earnings, ~1bn revenue (solid margins) trailing 12months according to the valuation multiple mentioned on the front news post
edit: had a look at the slides ggplz linked (thanks ggplz)
oldford group (stars) 2011 revenue: $865m, 2012: $976m, 2013: $1.133bn
I was pretty happy to get the chance to see these kinds of figures as well since i always wondered. I tried to do back of envelope calculations once to have a guess at revenue and its nice to see i was very much in the right ballpark thinking it was always around the $1bn mark. What I had much less idea about is how much of that goes into profit. Sadly they only talk about EBITDA as far as I can see so I still don't really know. EBITDA margin looks around 37% in 2013 and grows with revenue but who knows how much they pay to develop software. Let's say after all that and tax and interest their margin is maybe around 25% of revenue - obviously pretty healthy but I think it pretty widely discredits the ridic ramblings of the stars-is-evil/rake-free-bitcoin-poker crowd that used to "campaign" here and make out as if stars have no expenses and 90% of their revenue is profit. |
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devon06atX   Canada. Jun 15 2014 00:30. Posts 5458 | | |
Are you fucking serious? Look at their business model for fucks sake.
How much of their capital is spent on the actual software? Nil. How much do you think is spent on Customer Service? Yeah, they're awesome at it, but I assume I rake more than every other 30,000 person. A few mins here nor there isn't bad.
Servers? Yep, cash. Marketing, there's the big one. That would cost at least a few tens of millions.
Sitting there, acting like they have tons of overhead, is a fucking joke. Many businesses have tons of overhead, this one is pretty DAMN GOOD. I'd be shocked if I found other businesses with less. Well, maybe thugging it up in Baltimore, but even then, you gotta pay.
This is a cash cow to the max, don't think for a fucking second their rake is fair. |
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devon06atX   Canada. Jun 15 2014 00:36. Posts 5458 | | |
And btw - No, I don't blame them. I'd do the same in their shoes if I had a monopoly on us idiots.
Make those dollars where you can, right?
.. Just don't give me that 'civil rake' bullshit ever again. |
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