Casino City's iGaming Pocket Directory - 2018 Edition

50 Sponsored by Casino City’s iGaming Pocket Directory Poker Poker POKER Industry overview Thanks to an unassuming amateur named Chris Moneymaker winning the 2003 World Series of Poker Main Event, online poker revenues grew at an astounding rate from 2000 to 2005, soaring from $82 million to more than $2 billion. But a combination of high-profile cheating scandals, the introduction of the Unlawful Internet Gambling Enforcement Act in the U.S., market segregation, and increased player fears regarding bots and unregulated technology stunted iPoker’s growth. According to Global Betting and Gaming Consultants (GBGC), online poker generated a global gross gaming yield of $4.99 billion in 2010, but that number fell to $4.54 billion in 2011 when PokerStars and Full Tilt were shut down in the U.S. on the day now infamously known as Black Friday. In the following three years, the GGY remained on a downward turn, plummeting to $3.87 billion in 2014 and $3.61 billion in 2015. In 2016, the numbers were still in decline, but falling at a much slower pace. By the end of 2017, the industry finally started to show some signs of progress. In November, Poker Industry Pro consolidated the third quarter financials of the four top real-money online poker operators and found that three of them— The Stars Group (PokerStars), GVC (partypoker) and 888 Holdings — experienced year-over- year growth in the Q3 revenue. All three were on pace to beat their 2016 revenue