Pinacle to buy Hollywood?

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Heard a rumor that Pinacle is in talks with Hollywood about buying them out after football is over. Is there any truth to these rumors. Also heard that WWTs is buying out Olympic.If anybody on this site knows anything please respond.
 

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<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Also heard that WWTs is buying out Olympic <HR></BLOCKQUOTE>

That seems highly unlikely.
 

Another Day, Another Dollar
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Both sound unlikely to me, but there should be people around to confirm or discredit this.
 

KMC

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I have not heard anything yet!
icon_confused.gif
,

Jersey Joe:

Where did you hear that?
Is this source reliable?
 

Dom

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Why should they? They all have 90% of the same customers anyway.. What a waste of money that would be..
 

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I heard in august from a good source, that the main principal of Hollywood, was ready to retire and enjoy the good life. A Pinnacle and Hollywood merger would be tremendous, my two favorite books!!!
 

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MERCENARY---- This is the same information I also heard that the majority owner of Hollywood was tired of the business and wanted to retire.Also,he was only interested in selling to a top tier book like a Pinacle or WWTS. If this rumor is true Pinacle would truly dominate the off-shore industry.What do you think a book like Hollywood would sell for. Does anybody even have an idea?
 

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<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by jersey joe:
MERCENARY---- This is the same information I also heard that the majority owner of Hollywood was tired of the business and wanted to retire.Also,he was only interested in selling to a top tier book like a Pinacle or WWTS. If this rumor is true Pinacle would truly dominate the off-shore industry.What do you think a book like Hollywood would sell for. Does anybody even have an idea?<HR></BLOCKQUOTE>

WONT HAPPEN, but if it did, Pinny would just be buying the players, so we would have to find a BOOK to replace HOLLYWOOD, and that wont be easy.
 

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<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by mercenary:
I A Pinnacle and Hollywood merger would be tremendous, my two favorite books!!!<HR></BLOCKQUOTE>

WHY? Cause in reality all you would now have is a PINNY ACCT?
 

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I'm gonna guess there is some truth to this since Will has been posting and hasnt commented...unless he missed it. Anyone know where this originated?
 

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<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by Dom:
Why should they? They all have 90% of the same customers anyway.. What a waste of money that would be..<HR></BLOCKQUOTE>
Dom-
Excellent point. Though 90% may be a bit extreme, thre is probably quite a bit of overlap. It is unclear how many players would even choose to stay or what they would be worth.

Example: do you "sell" the players for a fixed amount (like $100 a player) or at some fixed percentage of the player's average annual loss? (then what about the players that win consistently?)

Also, what about the "agent/credit" business that is not exactly handled by Neteller?

Does anybody know that the going rate is for "selling" players and what percentage of players choose to remain after being sold?
 
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Look at the reduced juice offerings, look at the desparation in advertising this year.

Consolidation is on it's way......Buyouts, bailouts, and probably a vanishing job or two.

Be careful
 

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TT i gotta good pipeline into Hollywood, they are definately not in trouble. The owner is just burned out and wants to live that playboy lifestyle.They are a mostly credit business that is just trying to make there niche in the post up biz. Its a five year plan and they are only in year 4.
 

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I can't even imagine why this deal would go down other than Pinnacle fearing who else would buy them. It makes no financial sense because Hollywood players aren't predominantly online and as mentioned being a heavy credit shop doesn't tie into their business. Pinnacle's best strategy is just status quo, keeping the prices low and absorbing a lot of other book's online customers. I can't see them going backwards into a phone and credit business.
 
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Mercenary, I never said ANYthing about Hollywood being in ANY trouble. It would surpise me if they were(to say the least).

Their case would be nothing more than making the operation more efficient.

On the other hand, I expect there to be a significant fallout of the smaller books who weren't able to dig up new players this fall.

BTW-I was including Hollywood in that reduced juice group.
 

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