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