The second part of our series on 2011’s Winner and Losers focuses on the year’s most dramatic loser. But Full Tilt could be heading for a surprising resurrection.

Last year’s losers all looked on the verge of going out of business. It is cheering to report that two of them ( and CryptoLogic) seem to be clawing their way back from the brink. Devilfish was the third and a year on its future still looks shaky despite being acquired by The Weather Lottery.

This year’s biggest loser was unquestionably Full Tilt Poker. Despite the catastrophic economic conditions, I cannot recall another major gaming business that went down the pan. That in itself is a testament to the inherent strength of the industry and even the Tilt saga could become an unlikely tale of redemption.

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