I agree, it's been a success. My suggestion would be to keep the live match thread in GM and moving the livescores thread from the Gamblers Lounge back to the tournament forums.
That way we would have a strictly moderated live thread (the GM sticky) and a loosely moderated thread for the gamblers, with the benefit of repopulating the tournament forums.
Sounds good. The GM thread was pretty low maintenance and served its purpose. No real downside to keeping it in GM.