
Two different stories in the UK media today observe that shares of Party Gaming, the company that owns Party Poker, have lost one third of their value since Party went public five weeks ago. They observe that "growth has slowed," for Party Gaming, and both articles go on to declare that online poker is losing popularity and dying.
Excuse me, but why are some financial dorks qualified to determine if online poker is popular or not? I'm sorry that some investors are losing money, but that's hardly an appropriate metric to determine the popularity of online poker. A more accurate measurement would be availablility of games, and number of players. A quick look at PokerStars shows that right now, (12:30 EDT) there are 24,841players on 3749 tables, and 1171 players are in tournaments. Over 5000 players have played in the first three WCOOP events, and over 1000 are registered for our first Katrina relief tournament next week. I play a lot of $22 SNGs, and I never have to wait more than a few minutes for a game. In fact, the longest I had to wait for a game was a 1-2 NLHE ring game last week, when I had to get on a bunch of lists, because so many other people also wanted to play.
If that's losing popularity, I'm Howard Lederer.







1. I know among my crowd, the bloom has come off the rose. About a year ago we had no problem finding 20 players to play in a monthly home game. Now its hard to scrape together 10 and almost everyone I talk to says their online sessons are shorter and not as frequent. I think some of the online slowness has to do with all the nuts you find online playing 47os to catch a 7 on the river for a win. There is so much bad play online now that skilled players get whacked by people that should never have been in a hand.
Posted at 3:58PM on Sep 7th 2005 by Doug