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Who said that online poker was running out of steam
12/16/09 - An independent online poker information site marked a milestone in online poker this week when it reported that for the first time 60 percent marketshare rests with just two companies - Pokerstars and Full Tilt Poker. Both companies accept US players and are based outside America.
But the interesting aspect of the numbers lay in the substantial combined growth of the two monster sites, due mostly to the fact that big online poker bonuses are driving alot of new players so be sure to get your Poker Bonus before you play, which are calculated at 68 percent, suggesting that predictions of the online poker industry's saturation and fading fortunes may be a little premature.
The growth was not confined to the market leaders, either. Other sites increased their traffic by 12 percent, with PartyPoker, Ongame Network, Everest Poker and Bodog all showing growth and the market overall continuing to increase in size.
Full Tilt Poker appears to have been doing some catching up on its long term rival and market dominant PokerStars, especially during the second and third quarters of the year, which have seen its growth rate approach and match that of its main competition.
Market dominance can be a fleeting glory subject to dramatic changes in the market and the growth of rivals, and this is particularly so in the online poker sector, where the elephant in the room remains the US market and the possibility of legalised online poker either nationally or in individual states.
PokerStars and Full Tilt have had things pretty much all their own way since the UIGEA, which triggered the exit of pioneering online giants like Party Poker, and industry consolidation moves such as the predicted merger between Party Gaming and Bwin could add some exciting new competitive dynamics.
PokerScout lists the following as the 20 currently largest sites or networks in its Week 50 assessment. The calculation is based on hourly average number of players in a 24-hour period.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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