New Law May Hit World Series of Poker

October 20th, 2012  :  Written by Patriot #2

WSOP : World Series of Poker

What happens to your business when the source of your recent overwhelming growth dries up? This is the question facing organizers of the World Series of Poker, who saw event entrants grow by over 1,000% in two years, thanks to the increased exposure of online poker and the qualifiers who came through the online poker sites.

The likely answer is: your business suffers, badly.

Now, whether through sheer determination, lack of foresight, pure bravado, or simply an unwillingness to admit that the sky is blue, the WSOP doesn’t agree:

In 2005 and 2006 we had record fields each year. We’re confident again that 2007 will be the best one ever.” – Gary Thompson, WSOP Tournament Spokesman

This flies in the face of what other industry insiders are saying. Mike Sexton, host of the World Poker Tour, thinks the WSOP will be “devastated” and Michael Bolcerek, president of the Poker Players Alliance, agrees. There’s a great article over at Business Week with all the gory details.

Considering that many of the entrants were awarded entry fees to the WSOP via low buy-in qualifying tournaments, we think they might not be so keen to shell out the actual $10K buy-in.

What do you think? Will you still go, even if you have to pony up the full fee?

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