Six thoughts on poker, six months after Black Friday

Wickedchops.com put together this list. What do you think?

1. It’s going to be awhile before there’s online poker again in the U.S. Yes, there are some positive signs that online poker is on the Congressional radar. With elections around the corner and gambling still a hot potato, it's unlikely still.

2. Nobody is buying Full Tilt Poker. We’ve stated it before and we’ll state it again: we want a qualified buyer to purchase Full Tilt Poker and honor worldwide player accounts. We do not want Full Tilt to fold. It just doesn’t make financial sense for anyone to acquire the company. The total nut owed to players and the DoJ is too massive, and it would take too long for a purchaser to realize a return on that investment. So unless some creative financing/penalty payments are negotiated, Full Tilt Poker will not be sold.

 

3. Things will get worse for the Full Tilt Board of Directors. No need to kick someone when they’re already down, so we’ll keep this simple: with little chance of finding a buyer who will pay the DoJ and U.S. players, expect things to get much worse for the Full Tilt Board of Directors.

4. Poker on TV is going to look a lot like 2004 again. THE major reason for the boom of poker programming on TV was that all of the shows were either time-buys from the online sites, or were specifically designed to capture online poker advertising dollars. National Heads-Up Poker Championship, The Big Game  Poker After Dark are all done for now. The WSOP Circuit has yet to find a broadcast home. We don’t see Epic Poker possibly surviving past Season 2 (if that). All that leaves us with is the WSOP on ESPN, the WPT on Fox Sports, and the Heartland Poker Tour.

5. Nobody knows how the industry will look in five years. We all know the industry will look different, but nobody knows just yet how it’s going to shake out. Yes, the Nevada brick & mortar casinos will likely be winners, but how will Tribal entities fare? In some cases, Indian casinos are more liquid than Nevada brick & mortars, and they may be more nimble (and aggressive) in their ability to market. Additionally, people like Venetian owner Sheldon Adelson are rumored to want all regulated casinos to operate on one platform, and the company who markets best wins the most market share. While we think that’s unlikely, you never know. And how does Zynga Poker, with its 37M monthly users, fit into all of this? 

6. …otherwise poker is stronger than ever. While things look bleak in the U.S., the game is still strong. The 2011 WSOP set records for attendance and overall prize pool. The WPT and HPT continue to exceed registrant expecations. And the game continues to grow internationally. The European market continues to expand. And the success of casinos in Macau and Singapore are showing that Asia is primed for a boom that will dwarf anything that happened in the U.S. The poker industry is strong. It will only get stronger. Even in the U.S. It just may be awhile.


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ICalledWithJunk

There won't be any online poker in the US until they get some ''licenses'' thing like France did earlier this year. This way the US will get they cut and they will allow US citizen to play where they want them to play.

axistilt23
axistilt23 Silver 2
2860d ago

I think the WSOP numbers really prove the strength of poker. Especially when you factor in Black Friday.

axistilt23
axistilt23 Silver 2
2860d ago

I think the WSOP numbers really prove the strength of poker. Especially when you factor in Black Friday.

PF_pitboss