Oh, hello. Fancy meeting you here. Have you been sitting patiently, waiting for this wandering reporter to return from his new year sabbatical? What’s that? You’ve been reading all the other posts on Pokerati. This site has other writers!? Well, while I’m recovering from that bombshell, why not take a good long look at this selection of worldwide poker news and see what you can make of it.

Millions of Aussies

Stereotyping Alert! I’m sorry about this. As an Englishman, I am legally required to bring up barbies, funny accents, and convicts any time anything Australian comes with 4 feet of me. It’s a bother, but what can you do. Those British pros down at the Aussie Millions must be having a torrid time, the place is crawling with them. Even the Canadian Daniel Negreanu is obsessed with their the eccentricities.

Thankfully the Aussie Millions Main Event is currently providing an excellent distraction. For example, despite the fact than an antipodean gentleman currently sits atop the Day 2 standings, the world’s loudest nation has been characteristically hogging the limelight. First up, American Dan Smith won the 22-man $100k High Roller event for $1,000,000. Then Phil Ivey, who can make headlines by just turning up, went and put himself second in the chip count at the end of Day 2. [Poker News Report]

Bwin Bust-Up in Porto

Enough of that Southern Hemisphere nonsense, time to head back to Europe. More specifically to Portugal, the land of cocks. Their government has bowed to pressure from local casino operators and decreed that Bwin’s sponsorship of Portuguese football is illegal. The ruling stems from the fact that, as an external operator, bwin.party are subject to no regulations and pay no taxes in Portugal.

Bwin claim that the ruling contravenes EU free-trade laws, but have agreed to acquiesce to the command for now. As lucrative as Portuguese sports sponsorship is, panic may break out if the same idea occurs across the border in Spain. Bwin are the shirt-sponsors of Real Madrid, arguably the most popular soccer team in the world. [Card Player]

Bet Fairly at London 2012

If I leave my flat, wander out on to the street, and look to the North East, I can see the Olympic Stadium glowering above the rooftops. I’ve spent the last two years watching it progress through various stages of construction and with the big event just a few months away, other spheres of Olympic influence are making their final preparations. In the online gambling world, Betfair have teamed up with the International Olympic Committee to monitor suspicious betting activity which might indicate a rigged event. [USA Today]

South Korean Supercasino

The unfurling success story that is Macau is bound to inspire many imitators. First in line are South Korea, who plan to build a $3 billion dollar casino resort right next to their busiest airport. The Incheon International Airport Corp. hopes to shamelessly pray upon frazzled businessmen staggering out of long haul flights, by ushering them into land of flashing lights, comfy beds, and empty wallets. Hey, if it worked for China, it can work for you! [Yahoo]

Team Poker at the Pleasure Beach

And finally, a British city most famous for its tower is hosting a cool team poker event. With backing from lovely poker gent Neil Channing, the Team Poker Tour UK allows Brits to compete in small teams, with the top 3 aggregate squads taking the biggest chunk of the prize pool. It’s worth noting that Dan emailed me to specifically to flag this up and I really can’t figure out why he’s so interested. [Team Poker Tour UK]

I’m going to do my best to stay put from now on, so look forward to your regular dose of Wider World next week. Until then, do whatever the nurse tells you to and everything will be just fine.

Readit

• Bloomberg Business Week @BW | Betfair May Boost Profit With Fixed-Odds Sportsbet
• Fox5 LasVegas | Mobile wagering expands to iPhone {Leroy’s Sports Books/American Wagering}
• The Hill | Let states legalize online gambling to stimulate the economy | h/t @taxdood
• Indian Country | Internet Gaming Tops NIGA Agenda | h/t @taxdood
• Irish Times @the_irish_times | FTP Dublin subsidiary makes 180 positions “redundant”
• Bloomberg Business Week @BW | Online Poker Should Be Dealt a Fresh Hand With Regulation
• Charleston Daily Mail | Lottery funding goes to (WV) casino slots upgrade | h/t @casinocityvin
• Inside Poker Business |  Poker Networks 2012 | h/t @InfiniteEdgeKim
• @hardboiledpoker | Reports from the (FTP) Department of Redundancy Department
• @InfiniteEdgeKim | Buyers Beware {handy shopping tips for iPoker purchasers in US}

Watchit

• Livefeed @ Congress | “iGaming: Is There A Safe Bet?” | http://energycommerce.house.gov/
  The House Energy and Commerce Committee will be holding a hearing Oct. 25 called “iGaming: Is There A Safe Bet?” at 10:30AM EST in the Rayburn House Building RM 2123. Details of this hearing (and witness list – ty to @WriterJen for pointing this out) may be found on the Committee website -> here.
• @AGAupdate posted this testimony from Frank Fahrenkopf for tomorrow’s congressional hearing.

Witness List:

• Parry Aftab | Member, Board of Advisors Chairman | FairPlayUSA
  —> Witness Testimony
• Ernest L. Stevens | Chairman | National Indian Gaming Association
  —> Witness Testimony
• Keith Whyte |Executive Director | National Council on Problem Gambling
  —> Witness Testimony
• The Honorable Alphonse D’Amato | Chairman | Poker Players Alliance
  —> Witness Testimony
• Kurt Eggert | Professor of Law| Chapman University School of Law
  —> Witness Testimony
• Dr. Dan Romer | Director, Adolescent Communication Institute
  —> Witness Testimony

We recorded our first Wicked Chops Podcast yesterday with some friends from across the pond–Ben Fried, who launched Betfair’s poker room–and Kim Lund, who did the same for Poker Room. While some of the content is already dated (a lot of it is speculation about Tilt’s future in light of the AGCC license revocation), still some interesting European perspective on the Tilt situation and their international market perception.

Listen, and read more here.

Raids at the Absolute Poker offices in Costa Rica, and big Las Vegas casinos are now in favor of regulating online gambling? Also, J Todd interviews Betfair about the future of online gambling!

Here’s @GamingCounsel‘s look at the important legal developments in gaming over the past ten days or so:

1. Crespo v. Online Poker - Interesting complaint filed in the US District Court for the Northern District of Illinois, Eastern Division filed on October 12^th. In a nutshell: A resident of Florida named Scott Crespo, who may or may not play poker online (there’s no indication from the complaint that he does or not), is suing residents of Illinois under an Illinois statute for money they purportedly won from other online poker players who may or may not be residents of Illinois. Oh, and Crespo apparently didn’t lose any money. He wants triple the amount of the unclaimed “losses” of others accruing to the defendants. Illinois was chosen because it’s one of a handful of states that have third party recovery statutes. As a gaming attorney I know in the US put it: We have way too many lawyers with nothing productive to do. [US District Court]

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2. Betfair IPO Numbers – The Betfair IPO seemed to hit the top end of what analysts were predicting as the company’s market capitalization. Betfair was valued at £1.4 billion on flotation. Fully £200 million was raised on the IPO. [Herald Scotland]

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3. Harrah’s IPO Imminent - More news from the public markets: Harrah’s is heading back to the public marketplace with an estimated $575 million offering. The money is likely to be used for new casino projects in Las Vegas and Ohio, not to pay down debt. We’ll have to wait and see how this offering fares, but there are definitely challenges ahead. [Wall Street Journal]

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4. Canadian I-Gaming Split - While certain provinces are keen to enter the interactive gaming market, others are throwing cold water on the idea. Ontario and Quebec have announced that they’re coming out with online offerings; British Columbia already offers an online experience at www.playnow.com. However, Nova Scotia, Newfoundland, and Prince Edward Island recently announced that they’re not comfortable with participating in Internet gambling at this point. These latter three provinces are small - PEI is the smallest province in Canada, both geographically and in terms of population - but, interestingly, they’re part of the Atlantic Lotteries Corporation, which is working with BC and Quebec on sharing liquidity on a common Internet poker platform. [Globe and Mail; CBC]

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5. IMGL Conference in Madrid - The International Masters of Gaming Law is the pre-eminent organization for gaming attorneys and other gaming experts. Their Fall conference is on from October 24^th-26^th in Madrid and, as usual, it’s an interesting lineup and series of sessions. I’ll be tweeting on different panels and speakers throughout the conference; check out my tweet stream if you’re interested. [Gaming Law Masters]

Time for some of the major legal developments in gaming over the past week, as selected by @GamingCounsel:

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1. Netherlands I-Gaming Attitudes - Probably the most interesting international story of the past week is the ruminations from the Netherlands that the new government may be interested in liberalizing the country’s Internet gambling laws. It’s not clear how far this process would go and what games or betting would be included, but a lot could happen in what has been a very restricted online market in the EU thus far. [eGaming Review]

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2. Nova Scotia Says No (That’s in Canada, Folks) - Another international piece is the recent pronouncement of the premier of Nova Scotia that that province will not pursue a government-sanctioned Internet gaming offering. Nova Scotia’s finance minister added that any estimate of the revenues associated with Internet gaming would be “a wild guess.”(That’s an interesting comment given that the province of Ontario has publicly estimated that it could turn a profit of at least C$100 million/year; many have questioned the basis for such a projection.) The CEO of the Nova Scotia Gaming Corp. (rightly) pointed out recently that Internet gambling will continue to grow whether the government is involved or not. [Globe and Mail]

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3. Betfair Move - Hot on the heels of the Betfair IPO announcement, there is speculation that Betfair may move out of the UK to a jurisdiction with a lower tax rate. William Hill and Ladbrokes recently moved to Gibraltar because they perceived that UK taxes were too high. Some are saying Betfair may make a similar play. With competition increasing among Internet gaming jurisdictions, more and more operators are paying attention to applicable taxes. [CasinoGamblingWeb]
   

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4. Station Casinos Trademark Infringement/Cybersquatting Suit - Station Casinos Inc. has sued two website operators in Federal Court in Nevada: SL Enterprises (www.vegasstationcasino.com) and Ryan Murphy (www.stationcasinos.org). If the Station marks have sufficient rights attached to them through use and/or registration, they should have a good case. This kind of thing happens in i-gaming all the time and it’s a big problem for operators; it’s tremendously time-consuming and potentially expensive to vigilantly prosecute misappropriation of property rights. [Las Vegas Sun]
   

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5. PartyGaming in Venezuela - PartyGaming plc has set up an online poker offering in Venezuela. This continues two trends: Party’s continuing march around the world into new markets and the increased interest in South America as a lucrative and growing market for interactive gaming. [Gambling Zion]

Hello good people of Pokerati. Here’s what I hope to make a weekly digest of what I think are the most interesting and/or relevant stories (not necessarily the same thing) happening online and around the world:

1. PokerStars turns off Washington players - This is the first US state to be turned off by PokerStars. Major Stars competitors have not responded in-kind. This was not prompted by any change in state law in Washington (the ostensible reason was the result in the Rousso v. Washington judgment handed down on September 23^rd). This may signal that Stars is not going to be as aggressive as others in maintaining a presence in all jurisdictions in the US. [Casino City Times]

 

2. HR 2267 - People continue to try to read the tea leaves to determine what’s going to happen with the Internet Gambling Regulation, Consumer Protection and Enforcement Act. Every utterance from Reps. Frank or McDermott or from Senator Reid sends the online forums and poker press into overdrive. The House is now adjourned until after the November elections. If HR 2267 is to pass, it must be done during the lame-duck session starting after the mid-terms and ending before the start of the 112^th Congress in early January. I continue to believe that it’s more likely than not that the current version (as amended) will not pass before the start of the next session, but remember that a lot can happen in a few days. [GovTrack.us]

 

3. Betfair IPO - This is one of the biggest public offerings in gaming in some time, so it’s no surprise that it’s getting quite a lot of attention. Betfair is apparently not raising new money on the float; shareholders are selling off approximately 10% of their holdings before over-allotment. Initial media reports had suggested a valuation of as high as £1.5B, but this appears to have been discounted. [Wall Street Journal]

 

4. Penn National coming to Vegas - Penn National Gaming purchased the outstanding debt of the M Resort in Las Vegas for $230.5M. This is seen as Penn’s way of eventually owning the asset, giving it its first Las Vegas property. The M was built at a cost of $1B, so most appear to be congratulating Penn for effectively purchasing a nice asset at a fraction of cost. [LVRJ]

 

5. PokerStars Licensure - Stars continues to build up gaming licences in various jurisdictions; it now has operating licences in France, Italy, and Estonia, as well as its ‘main’ international licence from the Isle of Man. This may be a sign of the kind of regulatory fragmentation that owners will face in future (especially in Europe) as different countries open up their markets to licensure and operations. [Gaming Zion]

Gaming attorney and expert Stu Hoegner follows the poker and casino industries from a tax- and law-minded perspective @GamingCounsel.

Below is the PR announcement about the WSOP-Europe schedule. As many know, I’m not too hot these days on just posting press releases (without handsome pay) … but beyond the typically easy-to-cut-and-paste keywords these often contain, this mass-mailed announcement  has a bunch of stuff in it that I figure I might personally want to look at down the line.

Specifically, what jumped out was:

No Betfair. Nothing scandalous or controversial here. Harrah’s and Betfair simply finished out their three-year contract (’07-’09). Pokerati lost its deal with Betfair, too, around the same time. Bummer, but all good. The peeps we worked with at Betfair were some of the finest we’ve encountered in the industry … and we were happy to create the “WSOP World Standings” with them — a year before anyone else — even though it inevitably would get co-opted WSOP.com. (Just meant less work for me!) Harrah’s reports a similarly pleasant and positive relationship. Suppose all Betfair’s absence really means is that we might be seeing fewer emails about a Queen made of Legos or Buckingham Palaces of cards.

Online satellites / WSOP.com. Hmm, you’d think this might be the most important component — the first ever official online satellites for WSOP bracelet events on WSOP.com — but I almost missed it down in paragraf #10:

For the first time since WSOPE was formed, real money poker is available online to UK residents at WSOP.com.  Unique and exciting offers will be tied to WSOP Europe participation for UK residents including satellites.  If you are a UK resident, check out WSOP.com for the latest details on how to qualify for the 2010 WSOP Europe.

I guess it only makes sense now, why the new HIE wouldn’t try to extend a relationship with one of their most cooperative, non-litigious table-felt sponsors … at a time when any additional sponsorship money might seem extra-desirable. I suppose there’s only so much space around the final table with Harrah’s self-sponsoring this year — with WSOP-E officially presented by WSOP.com, CaesarsCasino.com, and CaesarsBingo.com.

Those are the real “sponsors” in London this year; Harrah’s officials told me as much  – even though we haven’t yet gotten press releases championing the landmark signage possibilities.

More…

Though Isildur1 player names have popped up on the microstakes tables at PokerStars, Absolute, and PartyPoker … there’s one new player over at Betfair — Omlphalotus — that looks possibly to be the real Isildur attempting to work on his game / shore up his bankroll.

From our friends at the Betfair blog:

Firstly, the player in question is Swedish – the same nationality as Isildur1 – and is certainly playing the type of nosebleeds stakes expected from the most talked about online player for years.. A railbird told me he was seen recently with just under 400k at the tables waiting for action at some 250/500 and 100/200 NL HU tables.

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Other factors that have stoked this rumour include railbirds noticing Omlphalotus playing a similar style to Isildur1 as well as enjoying long sessions multi-tabling.

More details here from a site with an arguably less-compromised interest in pimping high-stakes games on Betfair.

Also: a $27k Omlphalotus suckout.

NOTE: Omphalotus (without the extra 1/l) is a funky-looking but poisonous mushroom.

The final teams have been picked … Annette Obrestad and Daniel Negreanu did the equivalent of a coin flip when they drew for high-card … and now action is underway.

The WSOPE’s made-for-TV special event:

Team Europe is comprised of – Annette Obrestad, Peter Eastgate, Dario Minieri, Bertrand “Elky” Grospellier, Ilari Sahamies, Patrik Antonius, Gus Hansen, and John Harvey – Betfair Qualifier.

Team Americas in comprised of – Daniel Negreanu, Doyle Brunson, Phil Hellmuth, Phil Ivey, Huck Seed, John Juanda, Jennifer Harman, and Barry Greenstein.

Caesars Cup began at 1 pm on Friday, 25 September at the Empire Casino in London. Play is expected to last until Friday evening, when one team wins four match victories and wins poker’s ultimate bragging rights.

You can follow American coverage here. And for a European perspective, our friends at Betfair have it here.

Aww, sad for Annette_15: The European captain is the only player without a sponsorship patch, and it’s her site’s event!

Click below for a closer look at the trophy that Fake Phil Ivey is just dying to win. Says Fake Phil: “Winning this will be the pinnacle of my career. My patriotism is on the line. I’m doing it for America. I’m doing it for Barack Obama … oh and Jesus, of course, but I’m always doing it for Jesus. Big ups!”

More…

John Paul Kelly 2009: 2 bracelets, 2 continents.

The first event of the 2009 World Series of Poker Europe is completed and we have crowned the first champion. He ended Day 1 as the chipleader and finished the tournament in the same vein, step forward Mr JP Kelly.

The £1,000 entry-fee appealed to pros and amateurs alike, with Day 1a attracting 295 runners including the likes of Phil Hellmuth, Roland de Wolfe and Dave ‘Devilfish’ Ulliot with the former being eliminated very early on into proceedings.

After raising preflop, then calling a re-raise from Eddie Hearn, Hellmuth somehow managed to get all his chips in the middle holding 5h6h which gave him an open-ended straight draw. He definitely needed to hit as Hearn held pocket kings, but a 9s turn followed by a Qc river saw ‘The Poker Brat’ heading for the rail.

The action was thick and fast due to the shallow starting stacks and hour long blinds and by the end of play only 41 players still had chips remaining!

Day 1b showed no signs of slowing down either, despite it been a more pro-heavy day with Phil Ivey, Chris ‘Jesus’ Ferguson, Annette Obrestad and 2008 WSOPE Main Event winner John Juanda taking to the tables. Out of the 313 that started, only 58 would return for Day 2.

JP Kelly was the overnight chipleader with 99,000 chips but Richard Kellet, Ian Frazer andFabian Dunlop were all hot on his heels with stacks around the 65,000 mark. Of the 89 remaining players, only 63 would make the money, meaning 26 unlucky players would be going home empty handed.

More…

We know her, of course, as something between the Tracy Austin of Poker and Johnny Moss of WSOP-E. But that makes no difference … even in the UK, poker is still poker, and thus Britain’s Advertising Standards Authority has banned an ad for Betfair featuring Annette Obrestad, after a complaint about her celebrated screen name, Annette_15.

From inthenews.co.uk:

The ad for Betfair showed a photo of a young woman with the tagline “Online experience is measured in games, not years. Join the new breed. Annette_15″.

The Advertising Standards Authority (ASA) has upheld a complaint made about the advert, saying it “was likely to have particular appeal to children and young people, and that, by representing a successful young poker player with the implication she was 15 years old, it could encourage young people to gamble and was therefore irresponsible”.

NOTE TO SELF: Scrap plans for British Under-12 and Under-14 Poker Championships.

More…

Teams are 3/4 of the way there …

Team Americas: Daniel Negreanu (captain), Phil Ivey, Phil Hellmuth, John Juanda, Doyle Brunson, Jennifer Harman

Team Europe: Annette Obrestad (captain), Peter Eastgate, Dario Minieri, Bertrand Grospellier, Patrik Antonius, Ilari Sahamies (aka Zigmund)

Also more on the format:

The Caesars Cup will feature the game No-Limit Hold’em with two teams of eight doing battle over a series of Heads Up and two-man doubles matches, with single points awarded for each match. The doubles formats will include alternate betting. The first team to 4 points will win.

The first match will be Doubles: Alternate Bet where two players compete per side. One player per side will play pre-flop and on the turn; the other player will play the flop and the river.

Once players are designated, their roles will not change. Two matches of this format will be played, so that 4 of the 8 players on each team will be featured.

The next two matches will feature Doubles: Same Stack where two new players compete per side. They share the same chip stack. They alternate playing two hands at a time so both have the button.

After the doubles matches conclude, the matches change to Heads-Up – if necessary. Team captains will select which members of their teams play heads up and it will be an alternate selection process, where if the European team names their player first for Match 1, the Americas team will have to name their player first for Match 2. That format continues until one team has accumulated 4 total points. The strategy of when to use a player and whom they match up with will be critical in determining which team will come out victorious.

LOL, and BJ thought my “family poker” concept event seemed gimmicky.

One skillucky Euro, of course, can still qualify for one of that team’s two remaining seats online at Betfair.

Play kicks off for this new-fangled made-for-TV event in London on Sept. 25.

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.

Our good friends at Betfair have released the betting lines — already moving — for the final table of the WSOP main event. Current market numbers:

Darvin Moon – 4.2
Eric Buchman – 5.8
Steven Begleiter – 7.2
Phil Ivey – 8
Jeff Shulman – 8
Joseph Cada – 16.5
Kevin Schaffel – 17.5
James Akenhead – 19
Antoine Saout – 21

Bodog’s lines are a tiny bit different, at least at the top:

Darvin Moon – 17/10
Eric Buchman – 3/1
Phil Ivey – 4/1
Jeff Shulman – 4/1
Steven Begleiter – 4/1
Joe Cada – 10/1
Kevin Schaffel – 12/1
Antoine Saout – 12/1
James Akenhead – 22/1

Am I the only one who thinks being chip leader is virtually a kiss of death?