It’s a global gambling show, with industry news from England, France, Belgium, Germany, Antigua, and the USA! Stories include licensing, trade disputes, and the collapse of a spread betting firm.
I was never an online poker rock star. At the height of my online career I was mid-stakes PLO grinder on Pokerstars and FTP. The low expenses and generous player incentives made this a comfortable lifestyle for La and I, who also made her living grinding online mtts. Decent bankroll management and a few well timed live scores prior to April 15th 2011 left us in better shape than most when our virtual bankroll was frozen, but our lives were still drastically altered after our freedom to play online poker was taken away.
Our average pre Black Friday day consisted of waking up whenever, having “breakfast”, and grinding out sessions in the upstairs war room. We lived a good life in a nice house close to our friends and family in DFW. A few times a year we would travel to a deep stack tournament series for a change of pace, but the majority of our working hours were spent at home in our boxers and bathrobes. When we went on the road we would take our laptops with us. If there was no action after we busted a live event we could supplement our income with online sessions.
After Black Friday our war room got turned into an arcade.
On the road again! J Todd has landed in Houston after his time in Barcelona, and this week he reports on the wildfires in Texas, the smouldering remains of Full Tilt Poker, and how their players are getting burned!
This week, J Todd reviews the continuing troubles for Full Tilt Poker since “Black Friday”, including the loss of their licenses in Alderney and France, and a new class action lawsuit filed this week. We also get a status update on the launch of legal online gambling in Washington, DC
Online gambling bills from Congressmen in Texas and Washington State are ready to follow in the success of Barney Frank’s efforts! Plus, Internet betting is almost ready to launch in Washington DC while a major software provider gets some support in California!
Online gambling news that really sucks includes updates on from Quicktender, affiliate program closures, and the FBI giving away our money to local cops! Plus, an update on a story from Vancouver and a shout out for a friend.
This week’s online gambling news includes stories from Canada, Australia, and the World Series of Poker in Las Vegas! we also have our interview with Professor I. Nelson Rose about his expert opinions on Black Friday! Also, J Todd makes friends wherever he goes… even at the top of the mountain!
This week’s online gambling news sucks! More fallout from “Black Friday” has resulted in the seizure of ten more domain names from poker rooms, bingo sites, and sports books. Also, major payment processor QuickTender has been forced to shut down and leave customer deposits in question. Plus, affiliate program Best Casino Partner is leaving the market.
Rumors of layoffs and bankruptcy from at least one online poker site targeted on “Black Friday”. Also, ESPN makes plans for this years World Series of Poker.
On April 15th, 2011, the US Department of Justice seized the domains and bank accounts of Pokerstars, Full Tilt, and Absolute Poker. One week later we know how they did it, who helped them, and if players will be getting their money back!
Nick Calathes lost lots of money playing online poker because he just couldn’t lay down his beloved pocket 3s.
Online poker found itself in another brouhaha in the non-poker press last week — in Florida, where UF’s star point guard Nick Calathes (and prospective NBA first-round draft pick) was under investigation for NCAA violations over a $600 gambling debt. The investigation found he did indeed lose money playing online poker, but the NCAA only penalizes athletes who gamble on sports … or commit criminal acts. So Calathes is in the clear, and online poker, by the transitive property, is declared an acceptable recreational activity fully within the law. Yay-win! Go team.
It probably didn’t help, however, that one of the dudes hosting basketballer home games was a former walk-on who previously had been busted for allegedly hooking up the team and others with weed. (Though a friend with weed is a friend indeed…) probably not the kinda guy you want handling money transfers online.
An online-casino-biz response to situation and the suggestion on how his industry needs to work openly with the NCAA.
Alligator Army laments the nonsense online poker hubbub distracting them from the b-ball at hand.
We’re not usually big pimpers of online poker action here at Pokerati, but something came to me via Full Tilt email the other day that really caught my eye, and that was followed up by a MySpace endorsement from DealerZach (emphasis added):
Full tilt added MATRIX Sit-n-Go’s . It’s the most fun I’ve had with online poker. You buy into a 9 player sng but you play 4 tables and the prize pool is split into 5 pools with the same payouts in each pool. The 5th pool is a matrix pool, you win this pool by collecting points in all 4 sng’s . you get points by knocking players out and you also get a point by surviving every time a player gets knocked out, even if you didn’t knock them out.
Indeed, the concept of playing four simultaneous sit-n-gos against the same people (presumably in the same seats?) is definitely intriguing to me.
It feels good to run good … and because it’s important to know whom you’re up against, here are six players you may wanna congratulate/look out for at the tables live and online, as their most recent noteworthy successes suggest they are running particularly well.
Mary Joe Belcore-Zogman Heartland Poker Tour’s “The Grand Series”
Onamia, Minnesota
Bested 201 players to take down $85,723 — making her the second woman to win an HPT event, and part of the first husband-wife team to both win on the Heartland Poker Tour. Dan Zogman won $220k in Gary, IN, last year. The Zogmans hail from McHenry, IL, about 60 miles outside of Chicago.
Phil Ivey Full Tilt Million Dollar Cash Game
London
Made a stab at his 6th bracelet in the £2,500 HORSE at WSOP-Europe (banking more than US$25k for 6th place), and while overseas was the big winner in the million-dollar cash game against his fellow Full Tilt pros and other highest-stakes players. Finished +$536,400, dominating the competition for the second time in the event’s 3-year history.
PPA Statement on Kentucky Seizure of Poker Websites
WASHINGTON, DC. (September 23, 2008) – John Pappas, executive director of the Poker Players Alliance (PPA), the leading poker grassroots advocacy group with more than one million members nation-wide and more than 13,000 members in the Commonwealth of Kentucky, today issued the following statement in regards to legal action taken by the Commonwealth to seize the domain names of Internet gambling websites.
“The Poker Players Alliance is outraged at the actions taken by Kentucky Governor Steve Beshear and the Franklin County Circuit Court to seize the domain names of Internet gambling websites. We believe this action not only unduly restricts the freedom of Kentucky residents to play games of skill, such as poker, online, but sets a precedent for censorship of the Internet by force.
“Many of Governor Beshear’s arguments – that online poker is illegal, unregulated and without a mechanism to capture tax revenue – are false. Online poker is not illegal under Kentucky law, is regulated in its home jurisdiction and the Commonwealth of Kentucky chose not to license and regulate poker websites.
“If the Governor truly wants to implement tighter regulations, taxation mechanisms and consumer protections on Internet gambling, the PPA suggests he publicly support federal legislation by U.S. House of Representatives Financial Services Chairman Barney Frank, H.R. 2460, which would achieve those goals
“Poker is a game of skill, a true American pastime and has a proud heritage in Kentucky. Simply because the game has evolved into the 21st Century, it should not be treated as suspect activity. Forcefully and secretly seizing control of websites that offer online poker games is not a sound public policy or a sound legal solution.â€
Wow friggin’ wow … sorry, trying to reign in the visceral reaction, but that’s all I can say the more I learn about what’s going on in Kentucky, and Gov. Steve Beshear’s intent on taking unprecedented legal action against online poker (and other online gambling) companies. Don’t think he’s serious — that this is an effort on which he’s willing to stake his political career? The state is already claiming to have seized legal control over FullTiltPoker.com and 140 other sites … and we all remember what happened to Bodog.com the last time American courts got into it with ICANN over issues of not-so-eminent domain.
Have a listen to Beshear’s declaration of war against an industry near and dear to so many of our hearts, and decide for yourself if you think he’s bluffing:
Steve Beshear vs. Online Poker (right-click to save/download)
Kentucky governor on the need for hostile domain takeover Sep 22, 2008
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(5 min 29 sec)
Prediction: If this case makes it into court in any non-frivolous way, it will end up in the Supreme Court. With or without online poker as a defendant, Kentucky is challenging what government can and can’t do in terms of policing/taxing the internet, issues of states rights vs. federal law, and matters of international treaty and internet jurisdiction to boot.
JoeOE18: Had a great session with Deus Ex. Then got to another boss. Contemplating giving up and moving on to something fun. Wish there were cheats. 22 hours ago