PokerStars the Main Beneficiary of Full Tilt Shutdown

by Lou on July 5, 2011

“One man’s meat is another man’s poison,” goes the old adage, and it’s proving true where Full Tilt is concerned.  Since their license was revoked by the Alderney Gambling Control Commission (AGCC) in late June and their games shut down, PokerStars average player numbers increased by more than 2,600—five times the traffic increase recorded by Party Gaming, the next largest beneficiary.

But not all former Full Tilt players have found new places to play.  According to H2 Gambling Capital, only 41 percent of former Full Tilt players migrated to another major platform, which means 59 percent of Full Tilt’s players are lost in the woods.  According to H2, “This is likely due to players being unable to withdraw balances from Tilt and some lack of confidence in playing online poker in the current climate.”

Although the Los Angeles Times reported that Full Tilt reached an agreement with an investment group that could “allow US players to recover as much as $150 million,” H2 was quoted as saying “After even a few days offline it may be difficult for any meaningful confidence and liquidity to be restored on the site should it be launched.”

We haven’t heard much from Full Tilt since the shutdown, and principals such as Howard Lederer (pictured above), Chris Ferguson, and others seem to have disappeared from public view faster than a mobile home in a tornado.  Meanwhile, their former player base is eroding at a record pace.  This story is far from over.  Stay tuned …

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