PINNACLE - What % was US based ?

[chano]

What percentage you figure was US based? Can they survive this in the long run ?

[bigboydan]

Pinnacle did say in an earlier interview today that 35-40% of there players were US. They also went on to say that they feel that they are excelling in the Euro and Asian marketplace, so they should be Ok.

[louis]

Why did they decide to leave the US market

If they are not a public company, why did they decide to leave the US market?

They would be the first successful private sportsbook to leave, I believe.

[BuddyBear]

I heard upwards of 60%....

[SBR_John]

It depends on what you compare. Actives, gross handle or net profits?

I'd say 70% of the gross handle and maybe a little more comes from the US market. Keep in mind the credit part was almost all US.

[pags11]

75% is my guess...

[chano]

If those numbers are true. How can they survive? My answer is , "they cant".

[Santo]

Because most of their big US customers just became big international customers.

I don't understand why people don't comprehend that. It really isn't hard to route your betting internationally if you're a major money mover.

[jjgold]

70% but number on the decline

[chano]

Because most of their big US customers just became big international customers.

I don't understand why people don't comprehend that. It really isn't hard to route your betting internationally if you're a major money mover.

Santo, I agree, most real players will figure out a way to play at Pinnacle. It really is not that difficult.

[SBR_John]

I dont think they need to be profitable anytime soon anyway. Remember these guys were pretty dang rich when they started in the late 90's. And the last 7 years has added to that considerably.

[Shack]

CNBC just reported that Pinnacle had pulled out of the U.S. market and said they had 65% of their business in the U.S. They were a day late, but they got the news.