Full Tilt Poker Report: The Poker Party is Over

I was taking a look at Party poker tournaments recently just to see how bad things have become there since the company decided to interpret the recent gaming legislation passed by George and friends in a way that required them to pull out of the American market. Basically, things are quite boring at the Party Poker tables now. Combine that with some tough competition from the likes of Full Tilt Poker, and the Party does seem to be coming to an end.

What used to be the biggest, most powerful earning machine on the internet, Party Poker is now a shadow of itself. At one point, Party Poker was clearing $100,000 US per hour! Now after clearing out more than a 100,000 American poker players this site is no better than a doomed upstart like JetSetPoker.

Before the legislation Party Poker had a plan in motion that would have created an online tournament next summer, so huge that it was destined to eclipse the prize money of even the WSOP. Yes, that is where they were going. Now suddenly, The Monster promotion disappears without notice or explanation to its loyal players. So do, go the numerous guaranteed tournaments, the juicy Super Weekday tourneys, and the Guaranteed Sunday Million. It took Party nearly 3 weeks to even post an updated web page bluntly, unapologetically, nixing all the above, even though many of us had won entries into these bigger tournaments.

Now, as I am going through the site, I see the biggest action tournaments are FREEROLLS, where players that still have accounts there can try and earn a few bucks from Party Poker reserves. The rest of the active tournaments pale in numbers – where the most interest is in a 6 buck tourney. Party used to put these on every second hour and get twice as many participants fro each one. Now there are just a few per night, ranging from 50 to 750 players at peaks hours.

Besides the disappearing promotional tournaments, the Super Weekday tournaments have gone from 800 – 1500 entries, to 100 – 300 entries at best! It’s a total collapse. The site was always plagued by irritating tournament software quirks that were never paid attention to. Now they may have time to fix some things. A lot of things.

The day after the BAD DECISION, I waited 15 minutes for a $10 buck sit and go tournament to start. I use to wait for 15 seconds or less. Never mind that, I got so fed up with my STEPS credits that I burned through the sit and gos, basically donking off my credits because there weren’t enough players to fill the next higher level anyway. What a joke.

The Party got interrupted at the climax of the night. Now having a look at that site and the pathetic tournament action, it’s hard to remember how fun it once was.

I fear it now for Party Poker that even if someone gets some gusto in that corporate office and reverses one of the worst business decisions ever made in history, there is really no chance of capturing that Party magic again.