Bottom line – if you were employed by, are a spokesperson for, or ever played on either of these 2 online poker sites, you’re pretty much screwed.
As this poker blogger correctly predicted, smaller guarantees were the seen at this past Sunday’s major online tournaments. The fact is, with approximately 30–40% less of a player base, PokerStars, Full Tilt Poker, and Absolute Poker simply could not guarantee bigger prize pools, which saw declines across the board of up to 75%.
Until new details emerge, this will be the last installment of Cardplayer Lifestyle’s poker blog coverage of the U.S. online poker crisis. This poker blog entry will look at what the big news means in terms of PokerStars’ and Full Tilt Poker’s broader business ventures and interests.
Taking a look at PokerStars’ new .eu homepage, there honestly doesn’t seem to be too much of a difference from their old .com webpage. All words and Web content aside, the most intriguing part of this, to this poker blogger anyhow, are the faces of the company. With PokerStars stacked with poker’s top pros, one must wonder if past WSOP Champions like Joe Hachem, Chris Moneymaker, Joe Cada, and other notable names like Vanessa Selbst and Jason Mercier will remain in the company stable and continue promoting online poker in the United States.
To allay the fears of the world’s online poker players, let’s begin by saying that Full Tilt Poker, PokerStars, and Absolute Poker will most definitely not disappear from the online poker landscape. While player volume will decrease at all 3 sites, to help compensate and offset the losses, each site will likely market harder to promote more poker play from their European and Asian player databases.
As reported in yesterday’s poker blog, the FBI and U.S. Justice Department issued indictments to the founders of PokerStars, Full Tilt Poker, and Absolute Poker. This blog entry will address some of the fallout of the government’s actions.