Friday, April 22, 2011

Opportunity Knocks

First, the good news. As I was posting yesterday I didn't realize some of my questions had already been answered. In case you are as oblivious as me, read this.

Also, there was a post on 2+2 from FTP Doug saying that points and medals may be converted to dollars for cashouts, but I cannot find that discussion again.

Great article on the current and potential future situation of online poker here.

So already some good news is coming out a week after the darkest day for online poker. I spoke to an old colleague via online chat today and he told me he just lost the chance at a six figure front office job with one of the online poker companies. Yet he added "but onwards and upwards. no sense crying over spilled milk."

His is certainly a refreshing positive attitude.

As we agreed later in the discussion, there will be new and different opportunities coming up. I got the nice email today learning that FTP will continue to sponsor this blog with its advertisements, while Party Poker purchased an ad on this site in its aggressive attempt to take some more of the market share.

Last year I teased about a major project I was working on with some established heavyweights in the casino guide industry. My trip to Vegas last summer was largely a scouting mission for that idea. Unfortunately, our plans fell through, but I'm considering renewing that website idea (or something very similar) especially in light of the events of April 15.

Yes, it's cliche, but when one door closes another one opens. While major live tournament attendance is likely to see a significant drop due to the shuttering of the two biggest online poker sites, I think we will likely witness a boost in attendance for both cash games and smaller tournaments at large gambling destinations like Las Vegas as online players are forced to play their trade in brick and mortar properties. This will open up new opportunities for those creative enough to seek them out.

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