It is amazing to see how brands come and go in online poker. This is not expected to change in the near future until a few years later when the market consolidates and then mergers will lead to a less crowded field with a few top brands.
Take the example of Full Tilt Poker. This is probably the worse managed ever poker site, even though it was one of the top brands only 5 months ago. They certainly had created one of the best online poker software in the gaming market and only pokerstars could rival with it. Graphics, features, stability, speed, innovations like rush poker, the software was top notch. But will we see it ever again, this is a tricky question?
At this stage after the Feds called Full Tilt a Ponzi scheme, even though it was probably not, the odds are most investors will be deterred to get close to that can of worms. In most likelihood the company will be liquidated. Only if they get lucky will they sell that software and the player’s database to a gambling company that will make good use of it. But the problem is that as most players are upset for having lost their bankroll, many will migrate to another poker room and not want to touch full tilt again, reducing the value of these assets.
They also had the most interesting nose bleed games with a large stable of poker pros who love to play poker online, and this is all gone for now as well. Sure some of these pros will transfer to pokerstars, but the closure of Full Tilt has created a void in high stake ring games. What a waste a talent!
It seems that the reasons for this fiasco are greed and mismanagement. Greed as the owners paid themselves tens of millions of dollars while the cash flow was getting more and more negative. And mismanagement as it is outstanding to create such a successful igaming brand while failing to perform a clean accounting and separation of balances.
Full Tilt is now part of the past unfortunately, or at least the room we used to know. Try the titan poker bonus code if you have not yet registered as they currently offer an amazing 200% bonus up to $2000 to all new players. Only play at a solid brand which does not break the laws and follows regulations and procedures. And Titan Poker is one of them.