Evening Standard: UK investors souring on online poker
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Online poker, once viewed as a can’t-miss investment by speculators in the UK, is apparently losing some of its luster in the financial community. That’s the basic thesis of an article published today on thisismoney.co.uk, a division of The Daily Mail / Evening Standard.
The article suggests that increased enforcement of existing laws prohibiting or restricting online gambling, as well as the passage of new laws, has been the primary culprit behind the downswing in online poker’s fortunes. Excerpt:
So why is poker struggling? The American clampdown was plainly a factor. Poker is far more popular in the US. The knock-on effect, say experts, is that online poker has suffered because the market depends on liquidity. Successful players, known as big fish, only keep coming back to a site if they have plenty of little fish to feed off. That means bringing in lots of new players willing to lose. After the US ban, there has been a small pool of players and an illiquid market.
