I'm seeing the big picture this way... according to
Amaya's investors report, its 2015 gross poker revenue was $1.1 bln, out of which 22% (~$230M; 27% for specifically PS) was spent on VIP rewards and 7% more on bonuses (the figures are combined for PS and FTP).
The total 2015 profit of professional players was likely 9-figure ($100M+), I think even in the mid 9 figures (there were 20K+ of them, incl. lower VIP statuses, and I think they earned at least $500 a month on average).
The total amount of VIP reward reduction is in the mid 8 figures, considering that there were only ~200 SNEs in 2015 (there would be ~300 if not for the November announcement) and ~5K (or <10K anyway) SNs.
So while Amaya is taking a sizeable (in absolute terms) amount of money out of the economy (reinvesting part of it into new player acquisition), it's small in comparison with the overall size of the economy.
Hence there's no need to worry about 'the death of online poker' exactly in 2016. We don't know what will happen in 2017, but it's good to know that we have at least a year left (most probably several years because Amaya's approach to PR is milder than those of 888 and Party that straight out ban players for being big consistent winners).
In other words, we have an entire year to think of how to adapt to the new conditions or what to do for a living instead of playing poker.
Last edited by coon74; 01-09-2016 at 11:37 AM.
Reason: rewards for PS and FTP combined