Party and Empire Float Bonanza

So, Party Poker and Empire are both going for public share listings in London.

http://www.guardian.co.uk/business/story/0,3604,1497642,00.html?gusrc=rss
http://news.bbc.co.uk/1/hi/business/4601793.stm

The Party Poker quarterly figures are truly astounding. In the first three months of this year they made a PROFIT of $128 million on REVENUES of $222 million. Therefore profit is more than 50 percent of revenue.

The company has only 1100 employees, yet a projected market value of $10 BILLION dollars. Roughly $9 million per employee.

Think about those numbers the next time you are raking a $50 pot and seeing two dollars rake disappear. About $1.15 of that rake is pure profit to Party.

With numbers like that, I think we can expect the bonus boom to continue for a while yet.