PokerFaceNews Focus: The Aftermath of Black Friday in the World of Poker
While Black Friday is an incident that happened two years ago, not much has changed in the world of poker since that uneventful day.
Although the poker economy is trying hard to get past the fumes that burned their poker dreams on April 15, 2011, former American customers of the old Full Tilt Poker – one of the largest online poker sites in the world – are still without their money.
According to some sources which track traffic for poker networks that are still operating online games to Americans, the most recent seven-day average was just around 3,171 American players – poles apart from the delightful days of the U.S. online poker facilities during the mid-2000s.
As some states have considered authorizing online gambling for their own benefit, it seems clear that the laws that offshore poker sites ostensibly violated are slowly being rendered pointless.
Massive gambling firms headquartered in the United States such as Nevada’s Caesars Entertainment Corp. and MGM Resorts International have been given the chance to profit from the developing American markets as soon as all the political and regulatory creases are leveled out. Nevada, Delaware and New Jersey are a few states in the U.S. that are creeping closer to their corresponding online gambling industries, ones that could pull poker players from other jurisdictions – who have readily figured out how to tax and regulate the online betting industry.
Those who thought that Black Friday would create enough propulsion to pass a federal bill that authorizes at least online poker, were in for a surprise because that never materialized for anonymous reasons. According to some sources, the industry would have seen quick improvement had the Congress passed the bill to authorize online gambling.
PokerStars prevailed in the online poker world despite packing its bags and departing from the U.S. Not only did it start acquiring Full Tilt Poker hoping to settle with the American government but it also started to go tete-a-tete with some of the most prominent casino companies in the U.S.
Although there seems to be a tendency to see how the poker industry has fared as a whole since Black Friday, the ones who have truly suffered are the poker players themselves. Players who once made a living by sitting in their bedrooms and grinding from their computers in the U.S. were forced to relocate overseas if they wished to continue playing poker online.
Others who played poker for recreational purposes had to reset their taste since they no longer had the access to the games that they once enjoyed playing. Players who faced the worst difficulties are those who still have their funds locked up due to the suspected Full Tilt Ponzi scheme. Thus, even after two years, the Black Friday fumes that ignited the dreams of poker players are still hard to extinguish, let alone be forgotten.