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Online Poker Software
Development
The growth in online poker software development has been
called as one of the biggest IT trends in recent years.
Since the .com bubble burst in the late 90’s, internet
businesses have remained stagnant and the online poker software
developer boom has fueled a resurgent interest on the Internet.
As evidence of this phenomenon, the amount gambled on online
poker websites around the world is estimated to be more
than $60 billion for 2005.
Even more astounding, this growth in online poker software
developer websites shows little sign of letting up. PokerPulse
data show that online poker traffic for March 2005 is actually
up a whopping 50% from September 2004. Industry analysts
anticipate an industry growth rate of 100% for 2005. Such
rapid growth has prompted hundreds of companies to launch
online poker rooms with the help of the online poker software
developer community.
Almost as appealing as the mouth-watering industry growth
rate is the industry business model. Online poker software
developer sites share the same statistical edges that their
brick-and-mortar casino counterparts have enjoyed for many
years. The difference is that online poker sites make do
without the multibillion dollar resorts and hotels.
The online poker software developer community, through
their poker software products, has helped the online poker
industry rake in a projected $2 billion in revenue this
year. It's no wonder that many companies in this online
poker software developer community, like Cryptologic,
PartyGaming and
Tribeca Tables Poker
Network achieved more than 20% profit margins in 2004,
and those margins are likely to grow as business scales
up.
The 200-plus competing online poker rooms notwithstanding,
the competitive landscape is dominated by only a handful
of top players. According to PokerPulse, the top 10 online
poker sites account for more than 90% of the industry's
revenues.
As a pioneering online poker software developer, the Tribeca
Tables Poker Network offers a complete and customizable
solution for established brands that wish to offer multi-player
online poker to their customer base. Brands looking to draw
in customers turn to a online poker software developer like
Tribeca Tables Poker
Network who can provide not only the poker software,
but also the critical mass needed for a successful multi-player
product. Tribeca
Tables already supplies the technology behind a growing
range of online poker rooms, providing a global poker playing
network. A growing number of skin owners use Tribeca’s
superior online poker software to run their rooms smoothly
and profitably. TTPN
is a poker software developer that manages everything from
live customer service to promotional origination and support,
offering much more than just the online poker software.
The Tribeca Tables
Poker Network includes an impressive list of prestigious
brands such as Victor Chandler,
Blue Sq,
Paddy
Power, G-Fed,
Golden Palace
and Doyle Brunson,
as well as over 100 other
online poker brands.
With ever-growing competition, technology developer Phantom
Fiber Corporation recently signed a five-year exclusive
license agreement with online poker software developer Tribeca
Tables Europe, Ltd. The goal of the new partnership is to
develop wireless poker platforms.
Jeff Halloran, President and CEO for Phantom Fiber says,
"The agreement is symbolic because Phantom Fiber's
Advanced Wireless Platform was originally built around online
poker to demonstrate the proven speed, graphics and stability
of our wireless solution.
"The growth and momentum behind Poker cannot be understated.
Tribeca's strong management team, infrastructure and operations
have proven to be a formidable force in the online poker
world as a result of their critical mass of users, marketing
and retention programs designed to create the necessary
liquidity to keep players coming back. "
"We are excited to be working with Tribeca Tables
and look forward to deploying to their entire class of tier-1
brands in the very near future."
From the looks of it online poker will remain a major money-making
machine for years to come. But the threat of market saturation
and intense competition has led many an online poker software
developer to look for new ways to approach the industry.
The answer - wireless technology. Today, the use of
wireless devices is widespread in the United States, and
growing.
About 71 percent of America's 108 million households own
at least one cell phone, according to Forrester Research
Inc. More than 25 million households now own laptop computers,
according to Forrester. And 5.3 million households have
wireless Internet access.
Certainly, the premier online poker software developer
Tribeca Tables Poker
Network has just upped its edge on its competition.
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