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Is Online Poker Losing Popularity? Hardly!

party poker table
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.
 

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