Learn, Chat & Pray for the Pros: Doom of the WPT

[gaboonviper]

With all the new legislation and craziness in the poker world we have all been focusing on the poker sites. Lets take a look at poker on television and see where that is going. Lets take a look at the World Poker Tour since they were a major factor in the poker boom. Here is a quick rundown of how they are doing: 1. Their stock price has plunged from a high of $24.35 on 7/8/05 to $3.82 as of yesterdays close; 2. their ratings have plunged over the past 2 years; 3. their online poker room is a total flop; 4. Mike Sexton is going to retire; 5. The PPT was a big fat flop; 6. they lose money almost every quarter; 7. they are being sued by many of the top pros including Lederer, Raymer, Duke, Hachem and a few others. So what do you really think their future is? With the new poker environment far less people will be competing in WPT events and WPT itself has stated they are no longer taking online qualifiers. Also as less people play poker due to the sites shutting out Americans even fewer people will care much about watching the WPT; and as I said the number of viewers has already been going steadily down over the past 2 years. In addition, they will be getting fewer sponsors as few reputable companies will want their brand associated with something considered by the government to be illegal. And as the remaining poker sites pull out of the US more sponsorship money goes up in smoke. All of this on top of the 7 factors I pointed out at the beginning. I give WPT about 2 more seasons--long shot could be 3-- but I doubt it. However you look at it, and especially in the current poker environment, they are doomed.

[*TT*]

More of the tell us something that we dont already know posts. WPT is not a long lasting brand, we are lucky they got this far. I dont see them being in business once they eventually lose their contract with Travel Chanel, if there is no other television outlet for them because they only have 3 sources of revenue:

1) TV rights
2) Merchandising rights
3) Vig

TT [img]/images/graemlins/club.gif[/img]

[Losing all]

Nice Paragraph, [censored] hole

[*TT*]

[ QUOTE ]
Nice Paragraph, [censored] hole

[/ QUOTE ]

He is an [censored] because he doesn't have his head in the sand? Really... since when do gamblers ignore the odds?

TT [img]/images/graemlins/club.gif[/img]

[tsearcher]

No, he is an [censored] for posting one long, difficult to read paragraph. Why not indent once in a while?

[Wynton]

[ QUOTE ]
No, he is an [censored] for posting one long, difficult to read paragraph. Why not indent once in a while?

[/ QUOTE ]

Maybe he's an anti-intendist, and it's against his religioon?

[Darque Nuts]

I haven't played online in over a week. After a two year stint, I don't need it anymore. Losing my e-wallet took care of my addiction and now I have a life again.

[Gabe DV]

still nearly 600 people at borgata for winter poker open---agreed things will change, but not ready to call for the death of WPT just yet.

[DoGGz]

The 2006 Winter Poker Open had 381 runners.

The 2007 Winter Poker Open has 571 players.

Obv the WPT is dieing.

[gringo]

ok i will give you punctuation boys/girls more to get flustered about

i come to this site for content -- not grammmanure checks.