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Party Poker Stock Skyrocketing following Full Tilt Poker Crash

by Jeremy

While much of the online poker world has suffered following Black Friday, it seems as if Party Poker has been one of the biggest winners. After the collapse of the CEREUS network, Party Poker moved up to being the third largest poker room in the world. Now they find themselves as the second largest room following the abrupt shutdown of Full Tilt Poker by the Alderney Gaming Control Commission (AGCC). Furthermore, Party Poker’s stock has been skyrocketing after positioning themselves right behind PokerStars.

As was reported by Gambling911, Party Poker saw their stock move up to 148.20 points, or an 11.43% increase. Assuming their traffic continues to increase like it did yesterday, we could see the site’s stock shoot up even more. Party Poker ended with a 7-day average of 3,450 cash game players per hour, but their peak yesterday was 7,171 (numbers courtesy of PokerScout).

Of course, this is still a ways from PokerStars, which had a 7-day average of 19,600 cash game players, and a peak of 38,008 players. In addition to Party Poker, the iPoker network, which includes Titan Poker, is right behind Party as the third largest online entity. They had a 7-day average of 3,350 players, and a peak of 6,514 players.

Going back to Full Tilt Poker, their shutdown by the AGCC was by far the biggest news from earlier in the day. The AGCC released a statement on the matter by saying, “The decision to suspend these licenses follows a special investigation prompted by the indictments unsealed by US Attorney General’s Office in the Southern District of New York on 15th, April 2011, during which grounds were found to indicate that these licensees and their business associates were operating contrary to Alderney legislation.” As of now, there is no word on when Full Tilt Poker will be operational again.