Tiltware relocating to Ireland...

[Azizal]

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Don't read too far into it. Ireland's economy is growing like crazy and the business climate is very favorable.

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As a former owner of an IT consulting company, I will add something here. Ireland is a hotbed for software development/developers. They are like a mini-India or Russia in that regard, lots of programmers. They have an edge, too (English as a first language).

Yeah, who knew?

[mustmuck]

It's almost like somebody dragged up this thread just to cause an argument.

[amulet]

i know it was researched. i selected two of the three law firms. i discussed it in detail with the lawyers who took different positions.

based on the advice i move my parent company to luxembourg, they decided that they could "live" with the ambiguity in the irish law. i have a tangental involvement with fulltilt - i have family and friends who own some of tiltware. i guess i am an unofficial advisor.

i have run two companies with over 5,000 employees worldwide, and currently own a business that has a revenue that far exceeds tiltware.

[RichardHurtz]

You are correct. I was wrong I didnt read it very carefully. Sorry. No ill will was intended.

[amulet]

no problem, sorry if i over reacted.

[Micturition Man]

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The U.S. market ultimately may not even be MATERIAL to the online poker industry. Why not? Because the China market is 4 times the size of the U.S. market.

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China may or may not ever amount to anything in the online poker world. yeah there are a billion people there, but most are dirt poor, have no credit cards, and most have never heard of poker. successfully convincing them that texas hold em is what they should be doing may or may not ever happen.

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You have absolutely no clue.

You need to do a LOT more reading and talk to a LOT more people before you post something as ignorant as your response above.

The typical Chinese gambler from the Chinese-speaking markets in East Asia is the most-prized gambler in the gaming industry, as he is loose, aggressive, and is willing to bet on almost anything.

Ask any casino mega-resort executive in Las Vegas who their most-prized "whales" are, and they will tell you that their most-prized "whales" are from the Chinese-speaking markets in East Asia, including China.

The annual gaming revenue in the Macau SAR, which is now part of China, is about to surpass the annual gaming revenue in Las Vegas, even without Texas Hold'em being in Macau. That will soon change.

(Blackjack and Baccarat are NOT Chinese games, but Chinese-speaking gamblers who visit Macau play them. If there is a chance to win money, Chinese-speaking gamblers in general will take that chance.)

There is simply too much money to be made by introducing Texas Hold'em to China for the poker industry to ignore China completely.

If one out of every one thousand people in China were to put up 1000 yuan, or about USD$125, to play in a WSOP main event satellite, then China alone would send 13000 players to the WSOP Main Event.

That statistic should wake you up.

Are there enough people in China now who have the economic means to risk 1000 yuan for a 100-to-1 shot to play the WSOP Main Event?

The answer would have been NO 5 years ago, but the answer now is definitely YES.

Like I said, the U.S. online poker market might not even be material to any major player in the online poker industry 10 years from now. The U.S. is now a mature market, with at best single-digit percentage growth from this point forward if unfavorable legislation were to continue to fail.



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Oliver there is a difference between hype and reality. Journalists deal in the former, businesspeople the latter.

While it's certainly possible that your feverish predictions about online gambling in China will come true, they are still just predictions.

Calling someone ignorant for pointing this out is, well, ignorant.