is the poker boom winding down, market nearing cap?

[BriMc]

The Borg Open is right after the WSOP, so all they get are the circut pro's and the people that qualify in the sat's. Foxwoods is a bit later and runs sat's for like 6 months, so they get 700ish. The WSOP has be growing so much due to online sat's which these WPT events don't have as much of and the USPC has none of.

The Poker TV phenomenon has definitely peaked, mostly due to bad shows and too many of them. Poker the game is as strong as ever and there are still plenty of new players coming in.

[olivert]

While the "poker boom" in the U.S. is winding down and the "poker boom" in Europe is going crazy right now with the "copycat" TV promotions launching, the "poker boom" on a global scale hasn't even started.

Why not? Texas Hold'em has NOT even been introduced into the world's largest and most lucrative gambling market: Mainland China, which is bigger than the U.S. and the European Union combined.

One particular organization in the world will ultimately control the poker industry and decide 1) which promoter will have the true "World Championship" and 2) which online poker room will have over 50% of the global online poker traffic by the year 2015:

The Communist Party of The People's Republic of China

The battles in the poker industry you have seen so far are just preambles to the ultimate battle, which is just getting started, with the politicking and jockeying for position already begun.

WPTE Founder and CEO Steve Lipscomb wants the Mainland China market and he has already lined up Macau gambling king pin Stanley Ho as his ally via WPTE's connection with MGM MIRAGE.

Johnny Chan wants the China market as well and he too is lining up allies.

Harrah's may appear to be far behind, but one would be extremely naive to think that Harrah's will let MGM MIRAGE/WPTE control the China market without putting up a counter-offensive.

Mainland China will NEVER be a free market, as China will always be a highly-regulated, fully-industrialized, capital market economic system which is 100% controlled by the Communist Party, with the Communist Party deciding which companies will be issued explicit licenses to operate.

http://olivertsepoker.com/china.aspx

[JoseGonzlez]

Two points where your wrong is
1. The jump to 515 last year was huge. About double from 2004. So growing a litle bit from there is not bad. No one used to go to Atlantic City.
2. Like shaniac says you cant just look at one tournament. The WSOP was huge huge this year.
3. Even if people are not watching on TV they are still playing.

Poker is here to stay. Alot of people enjoy it more than other casino games.

[flavio321]

[ QUOTE ]
While the "poker boom" in the U.S. is winding down and the "poker boom" in Europe is going crazy right now with the "copycat" TV promotions launching, the "poker boom" on a global scale hasn't even started.

Why not? Texas Hold'em has NOT even been introduced into the world's largest and most lucrative gambling market: Mainland China, which is bigger than the U.S. and the European Union combined.

One particular organization in the world will ultimately control the poker industry and decide 1) which promoter will have the true "World Championship" and 2) which online poker room will have over 50% of the global online poker traffic by the year 2015:

The Communist Party of The People's Republic of China

The battles in the poker industry you have seen so far are just preambles to the ultimate battle, which is just getting started, with the politicking and jockey for position already begun.

WPTE Founder and CEO Steve Lipscomb wants the Mainland China market and he has already lined up Macau gambling king pin Stanley Ho as his ally via WPTE's connection with MGM MIRAGE.

Johnny Chan wants the China market as well and he too is lining up allies.

Harrah's may appear to be far behind, but one would be extremely naive to think that Harrah's will let MGM MIRAGE/WPTE control the China market.

Mainland China will NEVER be a free market, as China will always be a highly-regulated, fully-industrialized, capital market economic system which is 100% controlled by the Communist Party, with the Communist Party deciding which companies will be issued explicit licenses to operate.

http://olivertsepoker.com/china.aspx

[/ QUOTE ]

thank you for the great insight...

[Dynasty]

[ QUOTE ]

One particular organization in the world will ultimately control the poker industry and decide 1) which promoter will have the true "World Championship" and 2) which online poker room will have over 50% of the global online poker traffic by the year 2015:

The Communist Party of The People's Republic of China


[/ QUOTE ]


What is the purpose of your China hyping?

[Dynasty]

[ QUOTE ]
...i'm only basing it on the WPT borgata open. last year there were 515 entries for a total pool of $4.99million, and this year's 545 entries for just over $5 mill prize pool. that's +30 more entries, which is low...

[/ QUOTE ]

Only doomsday thinkers believe 5.8% growth is bad.

[olivert]

[ QUOTE ]
[ QUOTE ]

One particular organization in the world will ultimately control the poker industry and decide 1) which promoter will have the true "World Championship" and 2) which online poker room will have over 50% of the global online poker traffic by the year 2015:

The Communist Party of The People's Republic of China


[/ QUOTE ]


What is the purpose of your China hyping?

[/ QUOTE ]

I am telling you exactly what the likes of Lipscomb and Chan are up to.

You are free to ignore what I write, at your own peril.

[Dynasty]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]

One particular organization in the world will ultimately control the poker industry and decide 1) which promoter will have the true "World Championship" and 2) which online poker room will have over 50% of the global online poker traffic by the year 2015:

The Communist Party of The People's Republic of China


[/ QUOTE ]


What is the purpose of your China hyping?

[/ QUOTE ]

I am telling you exactly what the likes of Lipscomb and Chan are up to.

You are free to ignore what I write, at your own peril.

[/ QUOTE ]

That's not a real answer. Why are you so focused on this? You bring it up at every opportunity.

[olivert]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]

One particular organization in the world will ultimately control the poker industry and decide 1) which promoter will have the true "World Championship" and 2) which online poker room will have over 50% of the global online poker traffic by the year 2015:

The Communist Party of The People's Republic of China


[/ QUOTE ]


What is the purpose of your China hyping?

[/ QUOTE ]

I am telling you exactly what the likes of Lipscomb and Chan are up to.

You are free to ignore what I write, at your own peril.

[/ QUOTE ]

That's not a real answer. Why are you so focused on this? You bring it up at every opportunity.

[/ QUOTE ]

Because it is my view that the Communist Party of China will ultimately end up reshaping the poker industry around the world.

Steve Lipscomb knows it.

MGM MIRAGE knows it.

Stanley Ho and his children know it.

Johnny Chan knows it.

Heck, even Harrah's knows it.

The online poker business relies on the "Network effect". Experienced players will go where the "fish" are.

It is my view that the Communist Party of the The People's Republic of China will highly regulate online and land-based poker to the point where:

1) China-based players will be limited to playing legally at a handful of online poker rooms, no more than 6, and possibly only one; and

2) The Chinese government will only issue exit visas to China-based players to travel to play "approved" land-based poker tournaments

There is no guarantee that the WSOP Main Event will remain the defacto "World Championship" of poker because the Chinese government can control the participation choices of Chinese-based gamblers, and that China has more gamblers than the U.S. and the European Union combined.

Those who can adjust to the disruptive change will thrive, while those who ignore it will fade away.

I know that I am HATED by a number of people for the way I view where the industry is headed, but that's the nature of this business.

I didn't get into this business to be "popular".

Nor did Steve Lipscomb, Johnny Chan, the Ho Family, MGM MIRAGE, or Harrah's.

[byronkincaid]

Obv I'd love there to be a few million more people playing online poker wherever they live but the average wage in China is around $2500. How many people in China can afford to put $100 onto Party and how many of them would even want to?