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IS ONLINE POKER RUNNING OUT OF STEAM?

Saturday October 8, 2011 : Over (recent) time the numbers are declining
 
In years past, this was the seasonal time when online poker traffic traditionally started picking up - by anything from 3 to 10 percent, according to the industry's independent monitor Pokerscout.
 
But not this year, where instead Pokerscout has recorded a 7 percent overall decline, possibly due to the drastic enforcement actions against major online poker sites in the United States, which have seriously impacted companies servicing the important US market.
 
However, Pokerscout points out that there may be two other more long term causes:
 
"First, markets outside the US are saturated. Pretty much everyone who wants to play online poker is already signed up, and new players coming in are only replacing (or failing to keep up with) players who are leaving," the expert site management opines.
 
"Second, poker as a fad has mostly run its course. The game simply doesn't have the cool factor, the grip on young male minds especially, that it used to. The fascination with this wonderful game has lasted a decade or more, and poker will undoubtedly retain a large number of followers, but its popularity with the general public has likely peaked and is beginning to decline."
 
To which one might add that the continuing global economic recession would not have helped either.
 
It is perhaps ironic that just when it appears that serious political momentum for the opening up of the US poker market is building, the activities of law enforcement in that same market have contributed to the present damping down of the business.
 
A counter-argument might be that the action in live tournament poker, and even in online tourneys and high stakes cash games on the internet, is still making headlines and fortunes for the successful.
 
There's no denying that times are tough in the world of internet poker, but is the pastime really down and out?
 
At least one newcomer to the industry does not appear to think so; Groupe Bernard Tapie has a solid reputation for turning troubled businesses around, and it is currently negotiating to buy up Full Tilt Poker.  Not only that, it is involved in the new International Stadium Poker Tournament venture with plans for multi-million dollar events around the world.
 
Meanwhile, judging by this week's Pokerscout numbers, Party Poker.com has taken over the number two industry spot from the still-moribund Full Tilt, edging out arch-rival iPoker. And Pokerstars remains way ahead of the rest of the pack despite its clash with US officialdom.

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Gambling News :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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