Archive for August, 2009

August 25, 2009

Inside Deal for August 25, November Niners Rolling at the Legends of Poker

Here’s the latest edition of PokerStars.net’s Inside Deal, with November Nine participant Eric Buchman:

In other November Nine news, Kevin Schaffel and Steve Begleiter are 2nd and 3rd with just 24 players remaining at the WPT Legends of Poker at the Bicycle Casino in Bell Gardens, California. Todd Terry is the current chip leader with 850,000. Follow the live updates starting at 3pm PT over at the WPT live updates page as they play down to the final six players.

Posted by at 10:03 am

August 24, 2009

Brazil Looking to Ban Online Gambling

Think UIGEA + Kentucky + Washington State

A Brazilian UIGEA could seriously hurt their biggest national hero’s ability to bring in real-money players.

The Brazilian senate is soon to consider a bill modeled after the UIGEA — banning payments to and from online gambling sites. The original legislation was introduced 15 months ago, but more recently has grown some teeth. At President Lula de Silva’s behest, in an effort to move the bill forward and pass it before the end of 2010, the Senate has attached companion legislation that requires Brazilian ISPs to block access to prohibited sites, and calls for prison time for violations. Also attached to the bill now is a parallel ban on child pornography.

From GamblingCompliance:

More…

Posted by at 2:06 pm

PartyGaming Outbids Gamynia for WPT Assets

At least we’ve heard of this company, right? It just came over the wire (errr, internet) that the Gamynia deal has been terminated in favor of an agreement to allow a PartyGaming subsidiary, Peerless Media Ltd., to purchase the WPT assets for a cool $12.3 million. Check ‘er out:

PartyGaming Moves For World Poker Tour Assets with Superior Offer

LOS ANGELES, Aug 24, 2009 (BUSINESS WIRE) — WPT Enterprises, Inc. (Nasdaq: WPTE) (“WPTE” or the “Company”) today announced that a subsidiary of PartyGaming Plc, Peerless Media Ltd. (“Peerless Media”), has agreed to purchase substantially all of WPTE’s operating assets other than cash, investments and certain excluded assets. WPTE’s Board of Directors received the offer after privately held investment group, Gamynia Limited, and WPTE announced an asset acquisition agreement, which was terminated after further consideration of the Peerless Media’s financial proposal.

More…

Posted by at 1:56 pm

Betfair Considers $2.5 Billion Public Offering

And other European online gambling maneuvers

Apparently our good friends across the pond are a bit more optimistic about the notion of the US opening its online gambling market in 2010 than we are … and in preparation, the buzz around England is that Betfair — the British online poker-and-more company and title sponsor of WSOP-Europe — is getting serious about making an estimated £1.5 billion ($2.5 billion) initial public offering.

The intent would be to raise capital in preparation for all sorts of crazy consolidation and forthcoming acquisitions in the online gambling sector.

At least one Betfair exec dismisses the talk as little more than speculation, despite meetings with Credit Suisse and other banking advisors that have the European financial press getting their knickers in a bunch as “companies seek to position themselves to enter the world’s biggest gambling market.” Should the rumored floatation happen, it would be the first major listing on the London Stock Exchange since the global economic collapse.

$400k HORSE

At the same time, Betfair last week made another move toward American soil by pledging $400,000 to the New York (Horse) Racing Association as an overlay should two specific horses face off against each other in October at Belmont Park:

Rachel Alexandra, the first filly to win the second leg of horse racing’s Triple Crown since 1924, has won her last eight races. Zenyatta is undefeated in 12 career starts, including the 2008 Breeders’ Cup Ladies Classic.

LOL, I didn’t even realize they had ladies events in horse racing!

Across the Chunnel: Refashioning French Poker
Arnault.

Betfair also just got themselves approved to enter France’s online gambling market, which is set to open next year … apparently with some nice poker-friendly alterations to the rake. (The new French law originally had players paying tax on every bet and raise, on every street … which can totally screw with your pot-odds calculations!) Helping get Betfair to the front of the French licensing line, with a better rake structure no less? Heavy lobbying efforts from billionaire bling merchant Bernard Arnault, CEO of Louis Vuitton, 10 percent owner of Betfair, and the 15th richest person in the world.

New-and-improved Yahoo! Poker Coming Soon

We’re talking Yahoo! Uk & Ireland, of course, not Yahoo! USA. The British arm of the web behemoth just re-upped its partnership with GTech G2, for two years, to provide real-money gaming options — and part of that deal includes plans to unveil a fully downloadable real-money Yahoo! poker room, not just the (lame) in-browser version currently available.

Magazine Moguls Jump into Mobile Gambling

PartyGaming CEO Jim Ryan recently said that the biggest threat to established online gaming brands comes from major media outlets, not current competitors. And sure enough … Dennis Publishing — the mega-magazine company behind Maxim, MacUser, Computer Shopper, Bizarre, Men’s Fitness, and more than a dozen other publications (including PokerPlayer, Inside Poker Business, and Stacked) — just launched its Monkey Mobile Casino, offering real-money online gambling on handheld devices. (The current issue of Monkey, fwiw, features a picture of Lady Gaga’s recent nipple slip.

The Swedish Taxman Cometh

Meanwhile, the Swedish Tax Authority (Skatteverket) has been studying all forms of internet commerce tax evasion since 2007, and has concluded that online poker companies with offshore servers are one of their biggest sources of uncollected e-commerce taxes.

Posted by at 10:52 am

California Intrastate Online Poker Bill Going Nowhere

Just to be clear … even with tribal casinos ready to get in on the action, California’s efforts to create it’s own little bubble of online poker freedom — the anti-Kentucky if you will — are done … at least for now.

According to Senate President Pro Tem Darrell Steinberg (who has the power to decide which bills get considered) last week:

With the state hurting for cash — and Democrats desperate for revenues to soften cuts to social service programs and schools — Steinberg said he essentially has one thing to say to proponents of online poker: Show me the money.

“I think it is a legitimate idea for consideration,” Steinberg said today in a press conference. “I only have one question when I hear a proposal like that: how much money for the state General Fund? It’s all I want to know. You know, is it two, three hundred million dollars? If it is, I’d consider it. But I think it’s going to take more than four weeks to analyze that kind of proposal and the potential economic benefits.”

Fair enough … maybe next time (two years from now) … maybe not.

Posted by at 6:44 am

Are You Ready for Some Lotto?!?

NFL-sponsored gambling kicks into high gear

The (American) football season is upon us … fantasy sports drafts and all that stuff. But more than that, some new NFL lottery tickets are hitting the 7-Elevens near you! $5 Eagles and Steelers scratch-off tickets (seen here) went on sale last week in Pennsylvania, and the New Jersey lottery will give the NFL a cut on Jets and Giants tickets sold … despite the fact that the super-duper majority of participants in this game of chance are guaranteed to lose.

UPDATE: A Dallas Cowboys scratch-off also went on sale last week.

In Massachusetts, Patriots lottery tickets are selling at a record pace, and have already awarded their first two million-dollar prizes. Wanna be a little disgusted by one of the poker industry’s biggest political opponents … check out the familiar pitch the NFL itself is using in promoting their rake game:

More…

Posted by at 5:06 am

August 22, 2009

Weekend Wisdom (8/22-8/23): EPT Kyiv, ESPN Inside Deal, & Daniel

Yes, I’m aware that the weekend is half over, but gimme a break, will ya? Got a couple of things worth watching while checking out the Sunday majors tomorrow or…if your weekend just needs a little poker pep in its step.

First, the EPT Kyiv (that’s how they insist it’s spelled) reached its final table today and will see it play out tomorrow. One of the most interesting aspects of the European Poker Tour is its EPT Live broadcast, with whole cards and great commentators to break down the action. PokerNews reporter Gloria Balding takes us behind the scenes in this video, with a cameo appearance from Benjo. (BTW, big congrats to Short-Stacked Shamus for taking down the media tourney last night/this morning!)

Second, ESPN’s Inside Deal show has kept me interested for three weeks and looking forward to each new show. It’s turning out to be an informative/funny/fresh idea that is pretty dang well done. Check out last Tuesday’s episode with Barry Greenstein as the special guest:

And finally, a few lot of words from Daniel Negreanu in his latest Raw Vegas video diary. He discusses many of the issues he addressed in his blog recently, such as Phil Ivey reaching the WSOP main event final table and his feelings about the Poker Hall of Fame (his nomination, etc.), but he also touches on a recent trip to Toronto to visit his still-hospitalized mother. Thoughts go out to Daniel as his decisions get tougher in the months/years to come.

Watch Daniel Negreanu: Phil Ivey is the Best Poker Player in the World on RawVegas.tv

Posted by at 6:41 pm

August 21, 2009

Supreme Poker

The Hoover Institution Archives at Stanford recently released a slew of papers kept by the late Supreme Court Justice William Rehnquist. Interestingly enough, a fellow home game player Walter Berns had a few notes included about the last games played with Rehnquist, as well as the names of other Justices who currently play – Roberts and Scalia. The Blog of Legal Times noted:

Reached at AEI, Berns said this week that Rehnquist had first announced his illness to his fellow poker players during a game the previous fall. It was the last game he attended, a sad occasion. Berns, who joked that he is the “corresponding secretary” of the games, said he has records of more than 200 poker evenings going back to the 1980s.

The games go on, Berns said. “The new chief [John Roberts Jr.] replaced the old chief.” Among others who play, according to Berns, are Justice Antonin Scalia, D.C. Circuit Court judge David Sentelle, and Robert Bennett, a partner at Skadden, Arps, Slate, Meagher & Flom.

Posted by at 1:00 pm

Where to Play and Eat for a Semi-Worky, Semi-Fun Weekend in Las Vegas

The Antiscouse writes in seeking some info that I figure should share with all of you, too … because really, what more do Pokeratizens wanna know beyond the latest law, politics, tournament results where should I play and eat when coming to Las Vegas?

Headed your way for the weekend, was hoping at the last second to get your recommendations on 1) tournaments and 2) sushi places to take guest/client. As for tournaments, playing one Friday somewhere during the day, not sure where yet- thoughts? Used to play the Caesars noon $330, didn’t like it last time so thought I’d branch out.

A slightly embellished version of my response to The Antiscouse:

1) Tournaments (Friday day)

Venetian $150 nooner
7,500 starting chips and 30-minute levels. It’s actually a daily event that usually draws 75-or-so runners throughout the week, but on Fridays it has been running closer to 150 players with first-place payouts around $8k.

Since you don’t dig the Caesar’s $330, you might also wanna check out the Bellagio daily events, and if you’re willing to go up against a smaller field with fewer prize payouts, the Hard Rock is in the last few days of their inaugual MegaStacks series — where all the events have been turned into $340s.

For a complete and semi-regularly updated list of Las Vegas daily and weekly tournaments + special events, go here.

2) Sushi

Nobu (at Hard Rock) is my personal favorite. Tasty. Sexy. Fun.

Simon (at Palms Place) is also one of my favorite restaurants in town … though it’s not pure sushi … it’s like Asian fusion with homegrown American steaks and stuff, and it’s away from the casino, which may be more appealing to me than you and your client.

Sushi Roku in Caesar’s Forum Shoppes is great food … but the price-to-portions ratio makes you feel like you’re at more of a French restaurant, and the long walk through a shopping mall to get there may be unappealing to smokers.

The sneaky, ooh, wouldn’t have thought of that place … Koi at Planet Hollywood.

UPDATE: 143 runners at Venetian today — Tagg finished 22nd (18 got paid). Hopefully better results TK for sushi.

Posted by at 11:20 am

August 20, 2009

More International Team Poker News

Amir Vahedi will be leading Iran whether Ahmadinejed likes it or not.

On the same day the APT had their inaugural international team poker event, the WTP (not to be confused with the WPT) announced their team leaders … with Phil Hellmuth taking the role of Captain America this time.

I may not be able to say it for long, but I’d like to point out that at the moment Pauly, Lana, and I have more team poker titles and prize money than Hellmuth does. Of course who doesn’t, but still … just sayin’.

The beginnings of the World Team Poker league:

Country Team Captain
1 USA - Phil Hellmuth
2 China – Johnny Chan
3 Vietnam - Men “The Master” Nguyen
4 Philippines – Toto Leonidas
5 Lebanon – Freddy Deeb and Dany Joe Georges
6 Australia – Jeff Lisandro
7 Iran – Amir Vahedi
8 Israel – Eli Elezra
9 Mexico – Mario Esquerra
10 Korea – Kevin Song
11 Egypt – Mark Seif
12 Switzerland – Chris Bigler
13 Greece – Chris Tsiprailidis
14 Russia – Ralph Perry
15 Germany – Dan Heimiller
16 Armenia – Chris Grigorian

Posted by at 2:22 am

Koreans Beat Vietnamese in APT Team Event

Oh, huh, whaddya know … another international team event. Yep, this concept of national pride meets team poker ain’t going nowhere. (You know who you are who said that, dumbshit(s) ha ha.)

We’ve got the Caesar’s Cup coming up at WSOP-Europe, PokerStars has their America’s Cup of Poker, there’s another new op taking shape called World Team Poker … and at the APT-Macau tourney going on right now, they just had the JBET Battle of Nations, where the Koreans — represented by Brandon Wong, Chino Rheem, and Steve Sung — outmuscled the Vietnamese Le brothers — Nam, Tommy, and Allan — to take down an HK$406,000 first prize. (US$52,400.)

I don’t quite understand how it worked — teams of 3 playing macro-heads-up on 6-handed tables? — but click below for more details … I’m sure it was a good time; team poker always is … and with all these events I think it’s clear that team poker will indeed become a part of the true-to-life poker landscape … making the real question now: which format is gonna stick? I dunno, maybe I’m jumping the gun … but the Winter Olympics, World Cup 2010 … how can flags not be coming into fashion on the poker table and off?

More…

Posted by at 1:32 am

August 19, 2009

Two Months. Two Million. (Almost) Two Thumbs Up.

Finally got around to watching the new G4 show, Two Months. Two Million, that premiered on Sunday night. To be honest, the preview with the Playboy bunnies made me anticipate a cringe-worthy half hour of programming, but my reaction to it was the opposite. I actually liked it! Granted, the “chicks in bikinis” episode will make me cringe, but Episode 1 was solid.

The guys were likable, as their geeky and awkward ways made them seem like they could be anyone’s little brothers. Their attention to their online poker games was the focus of the episode (duh), and I thought it was explained well to a potentially non-poker-playing audience, complete with the emotions that come with losing/making money. Clearly, these guys have no concept of the meaning of money, but that adds the necessary aspect to the show to make it different. Ultimately, it will be ratings that equal success, so I’m curious to see results.

Personally, I dig Chef Robert and hope he has a bigger part in upcoming episodes.

Video GameE3 2009Two Months. Two Million.
Posted by at 3:24 pm

Bling Blang What?

Wow, I don’t get this, but kinda awesome … or terrible depending on how you interpret Barry Greenstein’s rubbing on his nipples to the tune of Phil Hellmuth’s demise:

I guess you could say the “art” of poker is going a little more surreal.

(via PokerNews)

CORRECTION: Greenstein technically just boasts about his nipples, but doesn’t rub. Chau Giang does the actual rubbing.

Posted by at 2:06 pm

13 More Minutes with Tom

Advanced Chinese Poker

Part 2 of his tutorial with Kristy Arnett … this time Schneider talks about how to play “royalties” and deuce-to-seven in the middle … along with some additional strategy to out-point your opponents.

Posted by at 10:54 am

August 18, 2009

PokerStars.net gets its own network show

Apparently undeterred by the ratings flop that was the first two weeks of Full Tilt Poker’s “Face the Ace”, PokerStars.net is running their own promotion on Fox, where someone will play Daniel Negreanu for $1,000,000.

The PokerStars.net Million Dollar Challenge doesn’t have a ring to it like Face the Ace did, but it has a similar format: Finish in the top 10 in one of several freerolls held over the next few months on PokerStars.net, then submit a two-minute audition tape with two of your buddies (who also will travel with the winner to the taping to offer support), and PokerStars.net will select 21 winning entries to appear on one of 4 programs on Fox which are also non-NFL doubleheader days: October 11 and 18, November 22, December 13 with the grand final being shown on December 27 at 4pm.

More questions can be found at their FAQ.

Posted by at 6:52 pm