It’s almost that time again for another WSOP Season so how about a little current poker industry news summary of this year past. What’s up Poker Industry 2017?
While there has not been that much buzz from a personal poker playing front for me besides playing a ridiculous amount of Spin n’ Go’s and Beat the Clock on PokerStars, and watching Kevin Hart liven up the ever-so-serious live scene, from where I stand it does not appear to have changed much. And from my last sentence, my only real connect with the online poker world is PokerStars by brand, and the others being involved in many local groups on Facebook including Card Players. The pro players and regular grinders I keep in touch with all seem quite stagnant in their progress with one single common feel amongst them which is along the lines of ‘meh…it’s poker’. The excitement on the ground seems to have died down, and new casual players seem to come in with less enthusiasm of fun for the game of poker and a higher skill entry level player.
So in related news, what are the key highlights in the global poker industry as of May 2017 backwards…
PokerStars Power Up in technical testing. (kind of like a mixture between poker and Hearthstone) PokerStars Power Up is a combination of traditional No Limit Hold’em, injected with power cards that give players the ability to influence how hands play out and change gameplay in a variety of ways.
Some of the power injected cards players can play:
Bubble Rush Tournaments which are hyper-turbo games that go until the bubble is reached before slowing down when the bigger prizes are on the line. Play starts off fast until players reach the money and slows down for the remainder of play.
Players kick off tournaments with 10,000 chips and blinds increasing every three minutes in a hyper-turbo format. Once the tournament’s bubble breaks with the remaining players cashing, blind levels increase to “regular” times before increasing even further as the tournament becomes deeper.
To help promote the launch of Bubble Rush, PokerStars introduced Bubble Rush Challenges. Players that opt into the challenge will receive a ticket to the $7,500 Re-Entry Bubble Rush Freeroll the following day. The challenge allows players to be awarded up to five tickets for the following day’s freeroll by cashing in multiple Bubble Rush tournaments.
WSOP: WSOP Winners List
NJ Online Gambling Revenue Projected To Reach New Heights In 2017, No Thanks To Poker
Eilers projects that NJ online gambling will grow by an additional $33.2 million in 2017, representing a year-on-year increase of 17 percent.
That projection is certainly not out-of-bounds, and may even tend toward the conservative side given the recent trajectory of the market:
All this, despite the addition of just two new operators in 2016 — PokerStars and Play SugarHouse — both of which have yet to capture more than a smallish segment of the online casino market. PokerStars did make waves on the online poker front, occupying a 32.9 percent share in 2016 despite only being in operation since mid-March. But as Eilers points out, this came primarily “at the direct expense of Borgata / Party and WSOP / 888.”
Of the $33.2 million increase expected, Eilers sees more than 100 percent of that figure coming by way of online casino growth (+$34.8 million / +20 percent). Which means that online poker revenue is projected to decline.
“PokerStars has had a meaningful, but not transformative, impact on the NJ online poker market, which rose 11% year-over-year. Further, the impact heavily concentrated in the months immediately following launch and appears to be fading (to say it another way, the positive impact of PokerStars is no longer overcoming the natural decline of the market at large).”
Article SRC: PokerNews.com, PokerFuse.com, OnlinePokerReport.com, Poker Industry Pro.com, Luckyladygames.com, Calvin Ayre, PokerStars.com, Party Poker.com
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