Peter Eastgate Jumps in a River

We begin in Denmark, with a former WSOP champion once again demonstrating the sort of unhinged character required to succeed at poker’s most toppest level. Despite already earning enough money to cover Phil Ivey’s divorce settlement, Eastgate couldn’t resist putting his health on the line for an extra $6k. His fellow Danish degenerates bet he couldn’t jump into a freezing river, leap out, and then run to the home of fellow pro Kasper Cordes. Once again, however, Eastgate bested all comers (and hypothermia) to complete the challenge in a mere 20 minutes. [Poker Nyhederne]

Joe Hachem Bids Stars Adieu

Just like every WSOP champion since the poker boom erupted, Eastgate is a member of the PokerStars stable of sponsored players. An illustrious club that included Joe Hachem, until he announced his resignation this week. The second post-Moneymaker World Series winner, Hachem is still Australia’s most recognisable player, even if he hasn’t made any major waves since winning a WPT title in 2005. Hachem claims he is leaving in order to, “pursue other career opportunities,” but the spectre of Black Friday is likely to have factored into his decision. [Card Player]

PokerStars Turbo Explosion

If you find long sessions of poker excessively dull, you’re probably already an ardent proponent of turbo tables. With levels that last less time than it’s taken me to type this sentence, players can be in and out of a tournament in minutes. This week, PokerStars announced plans to string a whole bunch of them together into what will undoubtedly be the fastest online poker series in history. The TCOOP is scheduled to run from Jan. 19th – 29th and will feature tournaments with buy-ins and prizes and things. [Poker News]

Legal Danish Gambling in Effect

Having given Peter Eastgate some time to dry off, we’re back to Denmark for our final story of the week. Following in the footsteps of France and Italy, the Danish have activated their new online gaming legislation, which seeks to operate the kind of regulated market that will have U.S. grinders staring lustily across the ocean. After jiggling all their knobs into place, the government have just handed out their first batch of gambling licenses to companies including PokerStars, PKR, and bwin.party. [Gambling Kingz]

Time for me to curl up into a Christmas coma and absorb rich food, presents, and relentless good cheer. I hope you all have a similarly indulgent Christmas and a New Year’s Eve so excellent you are unable to remember all but the barest details. If not, at least have some good luck. Ho, ho, ho!

Dodgy Maths at the AGCC #

The Alderney Gambling Control Commission fell under the terrifying gaze of Subject Poker this week. The Commission’s report on their Full Tilt Poker hearing claimed that US Department of Justice had seized $331 million worth of FT cash. The real figure is closer to $159 million, argues the Subject reporter, with the larger number including money lost over and above Black Friday seizures. Either way, more numbers for Full Tilt and Alderney that don’t add up as they’ve been presented. [Subject Poker]

Mass Walkout at William Hill’s Israeli Office #

British bookmakers William Hill are at panic stations after a large chunk of their customer support staff enacted an impromptu strike last Sunday. The staff were upset at rumoured plans to move the office outside Israel. Will Hill Online deny they have any plans to relocate, but for a while it seemed like the civil unrest might spread, with offices in Bulgaria and the Philippines laying down their telephones in solidarity? [Telegraph.co.uk]

Turkey and Sportingbet Go to War #

Sportingbet have been fluttering their eyelashes at Ladbrokes for the past few weeks in vain hope of encouraging an acquisition. Any deal would’ve been conditional, however, on Sportingbet’s withdrawal from the volatile Turkish market; and although negotiations with Ladbrokes have broken down, Sportingbet were hours away from selling ‘Superbahis.com’ to GVC Holdings PLC. That was until the local government suddenly blocked the website. [The Guardian]

Denmark Unveils Plans to Regulate Online Gambling #

The European Commission are so happy with new Danish gaming regulations that they are recommending them as a model for all other EU nations to follow. But the new rules controversially require lower taxes from online gambling companies than those paid by existing land-based casinos. [Financial Times]

Apparently at Pokerati we’re supposed to take pride in any appearance of not working, so I’m off to the rainswept British coast for a week of holiday, but will be back to let my distinguished American cohorts know what they missed while I was gone and they were sleeping.

1. Denmark Online Gaming Delays – Denmark had intended to open up its online interactive gaming market by January of next year. However, there has been a complaint about tax rates and a blackout period before the European Commission. The Danish government and the EC are addressing the review and the complaint, but inter-governmental wrangling takes time, especially in Europe. Look for market liberalization to be delayed until Summer 2011.[EGR Magazine]

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2. Kentucky v 141 Internet Domain Names – This is a fascinating and timely case that keeps getting more so. Latest development: A hearing has been scheduled for December 6^th (this will be pushed back to the 13^th) in front of Judge Thomas Wingate, who is the original judge that first dealt with this matter back in the Fall of 2008. The hearing is supposed to address the identification of the owners of the 141 Internet domain names that were part of Kentucky’s original suit. Kentucky has proposed that the domain names be split up into groups and that the initial group to be considered by the court comprise the following 5 names: www.playersonly.com, www.sportsbook.com, www.sportsinteraction.com, www.mysportsbook.com, and www.linesmaker.com. The proposed case management order (to be discussed at the hearing) grants 30 days to anyone purporting to be an owner of these sites to file a motion to intervene and prove their ownership of the site(s). iMEGA plans to make a motion to intervene on behalf of these sites, which does not sit well with the Commonwealth; Kentucky has consistently objected to iMEGA and the IGC being granted standing in the proceeding.

   The Commonwealth may lose here – the Supreme Court of Kentucky seemed to like the idea of associational standing but said that the associations did not yet demonstrate that they had standing. The associations can be expected to do what they have to to show this. If iMEGA loses out in December, look for more appeals and legal wrangling. This case has certainly been a boon to the Kentucky bar – it seems that just about every lawyer in the state has had a piece of this lawsuit. [Poker News Daily]

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3. Cyprus Attempting to Ban (Most) Internet Gaming – Cyprus has drafted a bill proposing a ban on all forms of Internet gambling except sports wagering. This has gone to the European Commission for review. Cyprus argues that the ban on roulette, other table games, slot machines, and poker is in the public interest. Cyprus hopes that the Santa Casa ruling by the European Court of Justice in 2009 in favour of Portugal will work in its favour in this draft. The bill also provides for the creation of a Gaming Board regulating Cypriot online gambling (sports betting only), issuing of licences, and a ban on cash bets and the exclusive use of credit cards and e-wallets to make transactions easier to monitor and tax. [Gambling City]

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4. Excapsa & the Cereus Network Settlement – In a shareholder communication by Excapsa Software’s liquidator, Excapsa and the Cereus Network appear to have settled their dispute over promissory notes and fraud claims on the network. In return for full and final settlement, it looks like Blanca Games (UB’s operator) will acquire Excapsa’s interest in the outstanding debt for US$2M and a percentage of proceeds if the business is sold by Blanca on or before March 31, 2013. Excapsa will get the remaining interest in the old gaming software (the Towkiro Group – UB’s old owners – had retained a residual interest to use the software for internal purposes). [WSBG Accountants, Montreal]

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5. What Congress Shall Wil Probably Will May Do in the US – This is the favoured party game of everyone in the Internet poker industry right now. Few know for certain what will happen, but here’s what I think is becoming reasonably clear: a) the Frank & McDermott bills are probably dead; b) if anything passes during the lame-duck session, it will likely be a Reid bill and will probably be attached to ‘must-pass’ financial legislation; and, c) poker is the only thing that will get through this year. My best information is still that it’s more likely than not that a measure won’t pass, but I have been hearing more and more gossip rumblings suggesting that prospects are perhaps better than I have expected. The next week or two could change things and make passage of an interactive poker measure the odds-on favourite. Stay tuned. [Motley Fool]

   Also …
   interesting conference on US i-gaming to take place in Washington D.C. on December 10^th. This is a should-attend if you are in D.C. at the time:

   http://www.spectrumgaming.com/conferences/

Quick lesson today — from another 20-year-old kid who seems decidedly anti-baller despite going on a hella baller tear since he began his “career” two-and-a-half years ago. Now a CardRunners instructor after turning pro fresh outta high school, Mickey Petersen, known among avid onliners as Mement_mori, is in the running for CardPlayer’s Online Player of the Year at #13 … and ranks 2nd in the world over at 5+5, with qualifying results spread across 18 pages.

Though CardPlayer’s OPOY counts only $1.05 million earned with 18 final tables and two wins in the past year, Pocket Fives totals his wins at $2.7 million. But the stat I find most mind-blowing with this Gen-Z Magic player (inspired by the likes of David Williams, Eric Froehlich, and Dario Minieri to make the crossover into poker, he tells CardPlayer) … Petersen’s average cash is $1,527 … in 1,778 money finishes! Gotta think Phil Hellmuth couldn’t claim more than double that (live and online) over his entire life even if he included cash games … which says a lot because Hellmuth had already won the main event before Peterson was even born.

With Peter Eastgate retired and Gus Hansen one of the losingest players of the year (even if he takes down a WSOPE bracelet today ), seems like Mement_mori (Latin for “Remember you will die”) has easy claim as the best player in Denmark even though he has yet to cash in a live event. It doesn’t cost online players a thing to get their Cardrunners schooling with financial aid from Truly Free Poker Training. (Sign up here – promise you’ll qualify.)

Seriously, it’s 2005 again, right? Remember, Juha Helppi and Robert Varkonyi were playing underwater, or maybe it was on an iceberg? Regardless … while on first glance this gets more eyeroll and groan than live-event invitations to Michael Phelps, Lady Gaga, Barack Obama, Sasquatch, and Superman … the idea of Mike Sexton and Tom Dwan playing against some Danish online qualifiers while dangling over the streets of Copenhagen? Yeah, I can dig …

From a poker perspective, it’s actually an interesting concept: Let’s force difficult poker decisions under conditions that guarantee a little extra heart-pumping, with some extra life-on-the-line chemicals in the bloodstreams. Though that’s about as gimmicky as you can get, gotta say, I think I’d be really interested in seeing this on TV — bring back some heart monitors and attach everyone to bungee cords for when they get knocked out! And maybe sprinkle the set with bread crumbs to attract the railbirds …

Click below for full details from da.PartyPoker:

ACE HIGH! PARTYPOKER.COM IN THE SKY!
DENMARK’S HIGHEST GAME IS 50 METRES UP!

2nd September 2009 — http://www.partypoker.com/ and Ace Magazine have teamed up to create Poker in the Sky, which will take place on Friday 11 September in Copenhagen. Poker in the Sky literally rises above everything that you’ve seen before on the Danish poker scene! Floating high above the Town Hall, surrounded by Copenhagen and the spires of the city, 22 poker players will play against two celebrities with town hall-doves as the nearest spectators!

The 22 poker players will be hoisted 50 metres in the air by a crane at City Hall Square in Copenhagen. Hovering over the capital the poker players will compete against each other in a four hour long poker tournament.

A spokesman for PartyPoker.com said: “Poker is a high octane game, and we want to give the Danish poker players a special experience that will really boost their adrenaline levels. We have an expectation that it will be the most spectacular poker event Copenhagen has ever seen. More details on those involved will be released shortly.”

Two of the 22 seats around the poker table will be occupied by two celebrities, but some of the remaining seats are still open and players who are interested, and do not suffer from a fear of heights, have the opportunity to win a seat to the finals on the square at http://www.partypoker.com/. Please note that these qualifiers are open to residents of Denmark only.and there is only one chance remaining to win a seat online on Thursday 3 September. See http://da.partypoker.com/news/items/poker_in_the_sky.html for more information.

The 22 poker players will not only have a great view of Copenhagen, the winner of the game will scoop a package for the PartyPoker.com World Open V in London in October. The line-up at this prestigious event includes ‘Ambassador of Poker’ Mike Sexton and Tom ‘Durrrr’ Dwan. The Danish winner of the PartyPoker.com Poker in the Sky wins flights, hotel and a $10,000 buy-in for the tournament in London, which will be broadcast on television worldwide.

Baldwin Hits a Grand Slam with Bracelet

Eric “basebaldy” Baldwin a member of the 2005 NCAA Division III University of Wisconsin-Whitewater baseball team, took down the $2,000 NL Holdem event early Friday morning, besting Dane Jonas Klausen in heads-up play to take home over $520,000 in winnings and his first career bracelet. Baldwin picks up his second major tournament victory of the year, he won the $2,500 NL Holdem main event at the Venetian Deep Stacks Extravaganza II in April.

Mizzi Mastering PLO

Sorel Mizzi leads the final 11 when day 3 of the $5,000 Pot-Limit Omaha event when play resumes at 1pm today, with the hope of having a final table of nine ready for the 2pm internet broadcast on ESPN360 and wsop.pkr.com. Here’s how the remaining players are currently seated:

Seat 1: Rifat Palevic (949,000)
Seat 3: Samuel Ngai (207,000)
Seat 4: Dan Hindin (342,000)
Seat 5: Felipe Ramos (323,000)
Seat 7: Richard Austin (537,000)

Seat 1: Van Marcus (482,000)
Seat 2: Peter Jetten (370,000)
Seat 3: Jeppe Nielsen (242,000)
Seat 5: Sorel Mizzi (969,000)
Seat 7: Cliff Josephy (805,000)
Seat 8: Isaac Baron (170,000)

Corwin Cole Claims Cardinal Condition

Corwin Cole is the chip leader at 185,700 when day 2 of the $2,000 NL Holdem event resumes at 2pm today with 213 players remaining, 171 making the money. Other notables returning include: Dustin Dirksen (145,000), Shaun Deeb (88,500), Chino Rheem (74,600), Rob Hollink (53,500), and Eugene Todd (48,500).

Tuan Top Stud

Tuan Le is the reported chip leader of the $10,000 Stud 8 or Better World Championship when play resumes at 2pm today with 110 players remaining, 16 getting paid. Le has 234,000, with Los Angeles Lakers CEO Frank Mariani in second place with 111,300. Tom Schneider is among the returnees with 83,300, good for 8th place. Dario Minieri (81,500), Nick Schulman (73,000), Jerry Buss (67,800), David Benyamine (65,400), and Mike Sexton (53,400) are some of the other notables hoping to play on Saturday’s final table.

Friday’s Tournament

Only one tournament kicks off today, the $2,000 Limit Holdem event, which was won last year by Daniel Negreanu in a field of 479, good for just over $200,000. The WSOP Staff Guide projection for this event is 480, but don’t be surprised if just over 500 take to the felt today.

More stuff during the day at Pokerati, and catch the live updates over at www.wsop.com

WSOP Bracelet Touched by Angel

Angel Guillen picked up his first WSOP bracelet in the $2,000 NL Holdem event, defeating Mika Paasonen in a marathon heads up match to deny Finland a second WSOP bracelet. Guillen adds over $530,000 for first place, and throws his name into the Player of the Year race, as he had a 2nd place finish in the $2,500 NL Holdem event two weeks ago.

Mueller Musters a Bracelet

The $10,000 Limit Holdem World Championship ended with a 1-2 finish for Canada, as Greg “FBT” Mueller passed Pat Pezzin to win his first WSOP bracelet. Mueller, a former hockey player, mentioned he was inspired by the Stanley Cup making an appearance at the WSOP on Wednesday, saying it was his destiny to win after having made several WSOP final tables, and two second place finishes in previous attempts.

Klausen Claims Day 3 Chip Lead

The $1,500 NL Holdem event heads to its conclusion at 1pm today with 21 players remaining, and Dane Jonas Klausen holding the lead with 939,000 in chips. Swede Martin Jacobson starts in second (806,000) with Roland de Wolfe, (644,000), Eric Baldwin (610,000), Bertrand “Elky” Grospellier (414,000) and Young Phan (211,000) among the notables remaining. When they eventually make the final table, it’ll be streamed over the Internet at www.bluffmagazine.com/live and wsop.pkr.com.

Hougaard Adds to Dane Domination

Another Dane, Jesper Hougaard will lead the 64 returning players who resume at 2pm in the $5,000 Pot-Limit Omaha event with 208,500 in chips. Sorel Mizzi (177,000), Jeff Lisandro (162,500), Sandra Naujoks (157,000), David “Devilfish” Ulliott (140,000) and John Kabbaj (95,700) are some of the notables looking to make the money, which will be reached when 36 players remain.

Thursday’s Tournaments and Projections

Two tournaments kick off on Thursday, starting with the $2,000 NL Holdem event at 12pm, which was won last year by Alexandre Gomes in a field of 2,317. The $10,000 Stud Eight or Better World Championship commences at 5pm, which was won last year by Sebastian Ruthenberg in a field of 261 when the buyin was $5,000. The WSOP Staff Guide projects a field of 2,549 for the $2,000 NL (expect a field of 2,100), while the $10,000 Stud 8 World Championship field is projected at 150 (take slightly under, 135).

Come back to Pokerati during the day for more WSOP stories, and follow the live updates at www.wsop.com starting at 12pm today.

Let’s get ready to rumble! It’s time for the next round in the battle of iMega vs. the State of Kentucky! Not only that, but this week we show video evidence of Governor Steve Beshear’s true motivations for banning online gambling in that state! Also, we have online gambling news from Intertops, Microsoft, and Denmark! What a show!

On the stateside front, Pokerati declared California the unofficial capitol of the poker world … but Cali blanked at the main event final table and Nevada had a redraw with WSOP-E — and sure enough, John Juanda et al successfully wrestled away the claim.

The final 2008 WSOP World Standings:

Both players got in cheap to see the flop of 2d-Ks-3h. It was Eastgate who bet out, and Demidov check-called. The 4c hit on the turn, which prompted another check from Demidov. Eastgate bet again, and Demidov then raised to 6 million. Eastgate called, and when the 7s came on the turn, Demidov pushed all-in. Eastgate called instantly with Ad-5s for the wheel. Demidov’s 4h-2h wasn’t good enough, and he was out in second place with $5,809,595 in prize money.

Peter Eastgate became the 2008 WSOP main event champion at only 22-years old, breaking Phil Hellmuth’s record to become the youngest champion ever. He was subsequently awarded the WSOP bracelet and the $9,152,416 that accompanied it.

But hey, let’s keep this on the down-low, huh? Since this is semi-live and will be aired on ESPN in less than 24 hours, keep this to yourselves until it the TV broadcasts the news. Thanks!

Wow! It was an all-in moment, good instinct moment, and big whoop-tee-doo all in one.

Eastgate made the initial raise, and short-stacked Montgomery pushed all-in from the small blind. Eastgate called with pocket sixes, and Montgomery showed A-3 of diamonds.

Flop: Ac-Qs-4d
Ace for Montgomery gives him the advantage.

Turn: As
Trips are even better for Montgomery. And according to Jack Effel, Phillips folded a six, so there was only one out for the Scandi…

River: 6d
Oh yeah, the case six. The miracle six. The one-outer. Bam!

Montgomery left in fifth place with a little over $3 millie, and Eastgate jumps into a tight second position on the leaderboard. And Eastgate kept all of us in the media from falling asleep in our after-dinner comas. Thanks, Peter!

Click here for Pokerati’s complete semi-official World Standings.

With a 24-year-old Jesper Hougaard’s bracelet win in £1500 NLH, Denmark steps up to a higher tier of poker dominance in the world. And Ohio (one of four American states with a 2008 WSOP-E cash thus far — the others being Washington, California, and Nevada) scooches past Georgia (the state, not the former Soviet republik) in the standings.

UPDATE: This is not just Denmark’s second ’08 bracelet … it’s also Hougaard’s! He won one of the WSOP 1500s in Las Vegas this summer. (Hmm, maybe a little premature in naming Player of the Year?)

Not surprising, the Euros dominated the first event of WSOP-E. Specifically, England kicked the most arse overall.

Technical note: Pounds were converted to dollars on an exchange of £1=$1.832. This resulted in $2,892 of further inexactness in the $181.81 million of 2008 WSOP prize money awarded thus far.

BTW, some pretty exciting action going on in Event #2 #57 — £2,500 HORSE … they’re getting near the bubble (18 remaining, 16 get paid) with some interesting names on the leaderboard:

Click here to follow the action at WSOP.com.

According to super-duper-secret well-connected, highly reliable inside sources some guy in Colorado, Peter Eastgate, the 22-year-old from Odense, Denmark, currently sitting 4th in chips was originally a Ladbrokes qualifier. Upon his making the final 72, Ladbrokes offered him $1 million to patch up. Full Tilt then came over the top with $1.75 million, and in the end, PokerStars took it down for $2 million.

(NOTE: What I’m not sure of are any “contingencies” in these deals — whether that’s $X million up front even if you finish 71st, or $Ythousand right now, and $Z million if you make the final table.)