Talk about peaks and troughs!
Just when it looked like Cake Poker finally had something to cheer about after announcing a “Strategic Partnership” with PokerListings.com, they’ve been dealt another blow with the news that the small UK Poker Room, Gutshot poker will be leaving the network and setting up home with iPoker.
A press statement released by Gutshot confirmed: “Here’s the news you’ve all been waiting for: Gutshot Poker is moving to iPoker, the world’s largest poker network on Monday April 4th!”
This latest departure occurs a little over a month after Doyles Room left for the Yatahay network and just days after Victory Poker looks set to be leaving for the Cereus network.
PokerScout.com currently ranks iPoker as the largest network in the world and fourth overall in terms of traffic. Only Pokerstars, Full Tilt and Party can claim to have more players than iPoker does.
At it’s peak in 2010, Cake Poker was a top 10 network and was widely seen as the blueprint for all other poker networks to follow. Since then though, things have gone rapidly downhill with Cake shedding both players and clients for almost a year now.
The result is that Cake has now slipped down to 26th spot in terms of overall traffic.
Lock Poker was the first room to leave and was quickly followed by PlayersOnly and Sportsbook Poker, these last two rooms taking a large number of players with them to the Merge network.
As if that wasn’t enough, the network was then the focus of some seriously bad publicity when PokerTableRatings.com exposed a serious security breach in the Cake Poker software.
This was soon followed by Cardroom Manager Lee Jones and Tournament Director Serge Ravitch both resigning after a disagreement over the direction that the network was heading in.
The new year didn’t bring a change in fortune either with Doyles Room being the largest client to leave Cake in early 2011.
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