PokerStars Spending $750 Million to Become Virtual Online Poker Monopoly?
I woke up on Tuesday around Noonish and sat down to my computer to see what the current buzz was regarding the poker world.
As some of you know, I do some legal article writing for another site and when I sat down to look at that site's twitter, there were 125 new tweets to read. Immediately I knew something was up and then I see it.
"PokerStars Purchases Full Tilt Poker for $750 Million. GBT Deal Fails."
I'm going to take a line from the PPA and say wow, "I never saw that coming."
A few months ago I had considered the notion that PokerStars might try and find a way to get their hooks into Full Tilt but I figured that there was too much going on behind the scenes and too much animosity towards the company for the deal to happen.
Granted, the deal has not been "officially announced" much like the same way that we didn't have "official word" that Isildur1 was indeed Viktor Blom.
With that said, I must admit that this would be a brilliant move by the company for a couple of reasons.
First, it will put an effective end to any company really being able to rise up and pose any type of serious threat to PokerStars' #1 status worldwide.
Back before Black Friday, it was always a battle between the two to see who could one-up the other.
Now, there isn't really going to be a serious contender for PokerStars' crown as they just have reportedly bought out the only company that would give them any type of a challenge.
Next, think about the positive press and karma that this move will give PokerStars.
The poker world by and large has given PokerStars a big pass on the matters surrounding Black Friday just based on the fact that they repaid players.
Now, it appears that they are not only going to buy out Full Tilt but also pay back everyone worldwide that is owed money.
When the site reopens under the PokerStars umbrella, players will certainly flock back to it. "PokerStars repaid us, so they must be trustworthy."
If you want to earn the loyalty of people, meet their needs and they will follow you almost blindly.
Should the PokerStars deal indeed turn out legit, PokerStars will spend $750 Million to become the closest thing to a monopoly in the online poker world and nobody will really care.
After all, PokerStars will have paid us back and even have paid back what Full Tilt owed.
Now if they can just find a way to merge with Caesars, they could take over the poker world.