Online Poker Is On Fire Party Poker Is Going Public
Poker was not invented yesterday, it's an old game that just recently received a face lift, an attitude adjustment and eye opening glimpse into the professional world of poker. Since 2001, playing poker for money has been available online through the internet, however, just recently it has become more popular than Britney Spears.
In fact, in 2004 online poker has grown by over 600% and in 2005 Party Poker is predicting the market will continue at this rate over the next 12 to 18 months. With this in mind, Party Poker has been rumored to be going public on the London Stock Market sometime within the year. PartyPoker.com accounts for more than 50% of the entire online poker market, and could valued as high as $5 Billion US Dollars when they go public.
PartyPoker, which takes a percentage of the total amount staked by punters, known as a "rake", reported 2004 earnings before interest, tax, depreciation and amortization (ebitda) of more than $350 million, although this year that figure is expected to grow to at least $500 million to $600 million.
Since Party Poker has become the leading online poker room, we have decided to take an in-depth look into PartyGaming and PartyPoker.com to find out if they really deserve the title, "the #1 online poker room".
Review of Online Party Poker.com Poker Room
Party Poker does not require that you play poker for real money, in fact, most of Party Poker's player database just play for entertainment value, rather than to gamble online. They currently boost over 70,000 active players at one time, but as few as 20,000 maybe playing for real money. That being said, they are still larger than nearest competitor by 50%.
Party Poker stands out from the crowd for a few reasons: 1) The largest Bad Beat Jackpots in the WORLD - offline or online! If you ever go to a land based casino, the average badbeat jackpot it about $20,000. Party Poker just gave away bad beat Jackpot worth over $700,000.00!! This is unheard of, and there is no poker room in the world that can match this. 2) More Million dollar tournaments than any other online poker room. 3) More poker tables and players than any other poker room. 4) Rarely have to wait to be seated.
Poker Articles, Poker Forums, Best Places To Play Online Poker and Texas Hold'em by Robert Phillips at http://www.Poker-worldwide.com
About the Author
Poker Articles, Poker Forums, Best Places To Play Online Poker and Texas Hold'em by Robert Phillips at http://www.Poker-worldwide.com
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