PokerStars may be without a CEO for the time being, as Gabi Campos, who assumed the chief executive position in 2010, reportedly is no longer big boss of the largest real-money online poker site in the world. While it’s not quite clear who told whom to eff off (and Stars has yet to put out a press release insisting all is hunky-dory) … if confirmed, Campos’ ouster/skeedaddling marks the fourth major executive departure at PokerStars since Black Friday.

First to be disappeared (amid some controversy) was veteran EPT Tournament Director Thomas Kremser in May; then last month, EPT founder John Duthie left. And now supposedly Jeffrey Haas, top dog at Global Poker Tours Limited (parent company for PokerStars live events) has been, er … moved on. (Haas’s LinkedIn page lists GPTL as “Past” … and “Director of New Platforms, Mobile & Social Gaming for Pokerstars.com” as current — sounds like “big-money suit demoted to glorified blogger” to me, but hey!)

UPDATE: Interestingly, Campos’ LinkedIn-from-Israel doesn’t list PokerStars as a past or present employer … says he his now working for 888-subsidiary Dragonfish, which we know, of course, in 2010 became an online partner to the WSOP.

What if anything might be behind this extended shakeup on the international live tournament poker scene is hard to say. Read Wendeen Eolis’ report in Poker Player Newspaper here.

Despite Black Friday, PokerStars has maintained its position as the world’s biggest, arguably most important, and possibly most highly regulated and therefore internationally legitimate online poker site. (And they set a Guinness World Record to boot!)

The US Department of Justice, meanwhile, maintains that PokerStars’ success was built on the ill-gotten gains of an illegal enterprise with ties to organized crime … and their founder is still, according to the DOJ, the #1 most wanted online poker criminal.

Have you done your Christmas shopping yet? Seriously, it’s getting pretty close. I don’t think your mother is going to appreciate that pack of novelty playing cards you found in some old jeans or a clay poker chip stolen from the Pokerati game. Now that I’ve worked you up into a lather, your brain should be in a fit state for having poker news pressed into it. Forget all that Americo-centric nonsense you’ve been hearing about, read on for the skinny from further afield.

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!

This week we’re heading back to Macau – the Las Vegas of the Orient – to discover why Phil Ivey was really hanging out at the APPT. Here’s a clue: It has to do with playing poker for stupid amounts of money. Plus, a social media development that will surely plunge my homeland into an endless spiral of degeneracy or, alternatively, transform the nation into a utopia of Teutonic smugness. Depends on how the cards fall.

Megabucks in Macau

All eyes turned to the East last week, as the global poker media witnessed the long awaited return of Phil Ivey. Turns out, he’d been there all along, sat in a $1,300/$2,300 cash game chocked full of rich Chinese businessmen. Apparently ‘The Big Game’ has permanently moved continents and if the high rollers are still in town come 2013, they’ll be first in line for a 500 player tournament organized by Macau big wigs. The event, which has the support of local businesses, is mooted to feature an incredible $100 million prize pool. [Poker News]

PokerStars Join Soccer Brawl in Germany

PokerStars has recently joined soccer on the list of things the rest of the world enjoys more than Americans. To commemorate this fact, the world’s largest online poker site have recently announced a sponsorship deal with the German football team, VfB Lübeck. However, this not only a straightforward business arrangement. PokerStars have been vocal supporters of planned gambling legislation introduced by the state of Schleswig-Holstein, in which Lübeck is located. Rules which would fly in the face of those proposed by the German government. [CardPlayer]

Gambling on Facebook coming to the UK

Our final news nugget for today is undoubtedly the shiniest. Social networking megaliths Facebook have made detailed plans to provide real money online gambling in the UK. Soon, the denizens of this sceptred isle will be able to ‘like’ an inane photo of their gurning acquaintances and then stack off their entire bankroll all on the same platform. The likes of 888 are reportedly in talks to acquire a Facebook license, with FB credits being used in place of the pretend dollars we’ve been playing with up until now. [Tech Crunch]

At the end of this column I often say something like, ‘if I’m still here next week’ preceded by a flippant comment about one thing or another, but this time, I’m genuinely concerned for my well being. My fiancée has passed into another hemisphere for two months and there’s a very real chance that in seven days time I will be buried under my own ineptitude. So, if I’m still here next week…

While the media lay down a carpet of solid adulation for Pius Heinz, the world’s wheels keep on turning. Join me, as we find out what’s been swept under the global news carpet while the world’s latest millionaire was parading about in his jangly new wrist ornament.

PokerStars Outplayed on Landmark Hand #

PokerStars are still top dogs in the world of online poker and, just to rub it in, they decided to celebrate their 70 billionth hand by giving whoever won it lots and lots of cash. Two enterprising players decided to game the system by continuously folding to each other across multiple heads up tables. Their sneaky plan worked to perfection and they joyously scooped up the prize money. Whether you think they were geniuses or cheats depends on your outlook. Youtube polemicist EVhero definitely falls on the angry side of the argument. [Youtube]

Playtech and William Hill Lock Horns #

I reported a few weeks ago on the mass walkouts at William Hill Online’s Israeli offices. At the time it appeared to be a simple labour dispute, but the Financial Times suggests deeper concerns. The online gambling company is co-owned by Playtech and British bookmakers William Hill. Relations between the two firms are frosty at best, with concerns about split loyalties among staff in worldwide offices. [Financial Times]

Bwin.party Profit From Italian Renaissance #

Meanwhile, Bwin and PartyGaming are still enjoying a blissful honeymoon period. Recently released financial reports indicate an increase in revenue of 3% to 201.1 million euros. The company credits increasingly relaxed Italian gaming laws for the rise in profit. Not to mention picking up their fair share of poker refugees in the wake of Full Tilt’s Black Friday debacle. [Reuters]

British Poker Pros Enjoy the Spotlight #

Finally, a quick word from the BBC. Earlier this week, the unimpeachable British bastion dedicated a quiet corner of its news website to UK poker players. Written just before the start of the November Nine, the reporter’s hopes for Sam Holden were sadly premature, but it still represents a rare chance to see poker pros in the media without any appended bleating on the dangers of online gambling. Plus, you can watch Sam and Liv Boeree play heads up for a delicious Wispa bar. [BBC]

I’m off to search London for a Wispa Gold, the confectionery equivalent of a WSOP bracelet. I’ll keep my beady eye peeled for any stray bits of news that are blowing across the pavement, while you keep your gaze fixed firmly on Pokerati. I’ll know if you move.

Many of our lives changed five years ago today, as George W. Bush signed the Port Security Act into law.

At the time, many wondered if this marked the end of online poker, which had been booming at a rate that woulda had virtually the entire planet + Jupiter playing by now. Ironically, what was supposed to be a death knell for online poker would actually be what made several of my friends and colleagues (temporarily) rich … and the principals of Full Tilt and PokerStars and Ultimate Bet (momentarily, in the scheme of things) extremely powerful.

Let’s have a little flashback, shall we … to slightly more innocent-til-proven-guilty times … commemorating this uber-significant day in poker history:

Poker Faces in the Crowd
October 16, 2006

Online poker is kinda-sorta illegal now. Pokerati wanted to know America’s thoughts … so we asked the question, How has the new law affected you?

More…

I almost didn’t realize that what heretofore had been the biggest online tournament series in the world — the World Championships of Online Poker — is underway throughout the non-American ether. Even with an American government-mandated “boycott” reminiscent of Moscow 1980, is WCOOP still the biggest? (My guess: probably so.) But without certain American players, do we still care?

That’s hard to say, but regardless, you can still look stylish in your nonchalance with this 2010 edition WCOOP T-shirt commemorating the events from back in the Poker Cold War days:

Generic WCOOP Shirt by Pokerati

It really would be kinda selfish to hoard all the knowledge in poker, let alone any insight gleaned from all the uninformed and/or misinformed Twitter-fueled forum banter. Things are moving so fast these days in poker it’s hard to keep up, let alone have time to post after filtering through the muck. Actually, that probably explains the continued love/hate in poker for QuadJacks … accuracy shmacuracy, if there’s new hubbub in poker, Zac and Marco and crew are on top of it, and occasionally the middle of it — with informed insiders and ignorant blowhards alike contributing — while SrslySirius makes a rap video.

But a few recent stories of particular significance that might otherwise get buried amid PokerStars/WSOP/WPT press releases, 2+2 NVG threads, and the mashup of Jungleman cheating buzz:

Ring-fenced funds: Full Tilt debaucle explained
ALDERNEY
Check out this story in Poker Player Newspaper about a regulatory matter of new relevance called “ring-fenced funds”. It helps one understand a little better why Full Tilt found themselves in tighter straits than PokerStars post-Black Friday (even though PokerStars is the big boy the DOJ most wants) … and leaves one to wonder why senior executives and on-duty attorneys representing both Party Gaming and PokerStars flew in from Gibraltar, Israel, and the United States to observe the proceedings firsthand. Perhaps they thought they were coming in to witness an execution?

Online gambling goes national
WASHINGTON DC
Big talk all over the internet about a piece in the New York Post that points out how stars seem to be aligning for online gambling legalzation in the US — from the Kyl/Reid letter requesting DOJ assistance in squelching offshore operatives and state initiatives alike, to a Boehner aide taking on a VP role with the American Gaming Association, to a warming friendship between House Majority Leader Eric Cantor and Venetian pooh-bah Shelly Adelson.

It all supports my belief that online gambling will indeed be a national issue in coming months (assuming people behind a rumored Senate bill want it to be). There’s no mention, however, of the player-friendly Barton Bill, nor much anything about poker specifically — the writer talks of “gambling” — which suggests this story could be a plant by media operatives for the AGA, who we know, of course, represent Big Casinos and likely have Harry Reid’s office on speed dial. It also supports contentions that the effort to bring back online poker (thanks PPA and Joe Barton!) will likely become a push for full-on legal online casinos as bills move forward.

Nevada regulators prepping for Poker+ …
LAS VEGAS/CARSON CITY
Meanwhile, unbeknownst to many, Nevada Gaming authorities are in the midst of sweeping changes to state regulations — with very specific language updates on matters of foreign partners, “suitability”, server location, mobile gaming platforms, slot machine networks, money transfers, tax collection, you name it … The new rules currently taking shape in Nevada touch on just about every issue brought up in the online gaming political sphere over the past five years. Whether revolutionary or standard as far as procedure goes, if you really wanna know what the future of online gambling (and therefore poker) will look like — and/or place your bets on who the corporate winners will be* — follow the public work of the Nevada Gaming Commission and State Gaming Control Board here in coming weeks.

* for entertainment purposes only: smart bet is Caesars, William Hill, and Cantor-Fitzgerald.

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This irregular link-dump has been brought to you by The Palms Casino Resort & Spa, home of the best big-little half-no-limit half-PLO game in Vegas.

Play Late!

ACTION ALERT: Pokerati Game — 1/2 NLH/PLO — gets underway tonight at 7pm! Goes until whenever …

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As much as we’d love to be at the Hotel Club Casino Loutraki right now (site of the Greek Poker Cup 2, beginning today) PokerStars, as a place of virtual felts, has kinda dropped off Pokerati’s radar the way PartyPoker did back in ’06.

However, one thing catching my attention — not because of the results, but simply because they’re playing the game — Isildur1′s high-stakes No-Limit Hold’em/Pot-Limit Omaha Mix. (Hey, I know that game … we play it at the Palms! “High-stakes action for low-stakes players” is the buzzphrase I like to throw around.) Pretty sure because it’s heads up they don’t have an “ultimate button straddle” the way we do at the Palms … and I’m not sure if they can run-it-twice … as the nature of the match suggests they’re not necessarily interested in reducing variance.

But still, sounds like Isildur1 is playing it pretty close to the right way.

SuperStar Showdown

Team PokerStars Pro Viktor ‘Isildur1’ Blom enjoyed another SuperStar Showdown win on Sunday, when he defeated Norwegian player Terje ‘Terken89’ Augdal.

The match, which was a mix of No Limit Hold’em and Pot Limit Omaha, was over in slightly more than 1,500 of the scheduled 2,500 hands, as Blom blew his opponent away to rake in Augdal’s entire $150,000 Showdown bankroll.

Despite losing $10,000 in the opening hand, Blom quickly got on top and showed his dominance throughout, his win taking his total SuperStar Showdown profit to $651,941. It also means he now has an impressive 9-2 winning record (7-2 versus high stakes opponents) in the SuperStar Showdown matches.

For a full report, including replays of some of the key hands, check out the [report of the match at PokerStars Blog].

US Rep. Joe Barton (R-TX) will be in Las Vegas for Friday’s shuffle-up-and-deal … and possibly to unveil his new online poker (only) bill.

The Texas Republican has taken the baton from Barney Frank (D-MA), by way of John Campbell (R-CA), to lead the charge for licensed and regulated online poker in the House, with a new bill his office says he plans to “drop” either Friday or closer to the July 4th weekend.

It’s still probably too early to make decent predictions, prognostication, and prop bets — haven’t even seen a draft yet — but the forces lining up this go-round are indeed different than before.

This time we’re talking about an online poker-only bill, with a different committee path, and a conservative Republican — perhaps looking to put a bipartisan feather in his cap before the ’12 elections — charged with rallying support on his side of the aisle.

More…

Glitz. Glamor. Excitement. So far, the 2011 WSOP has had none of these things, and honestly, I’m finding the whole thing kind of sad. It’s not the World Series of Poker we all know and love… it’s more like the World Series of Meh.

The thing is that after spending a number of hours wandering around the Rio during the first week, it’s hard to put a finger on what’s different about this year’s event. Maybe it’s fallout from Black Friday and the fact that sites like PokerStars and Full Tilt Poker don’t have their usual suites. Maybe it’s the fact that the first week’s events were tailored more toward professional players and featured more mixed games and higher buy ins than the casual player is comfortable playing.

Or maybe I’m just jaded.

The halls feel emptier, the rails aren’t as jammed, and people just seem more serious than usual. Event numbers have been good, but no one appears to be having any fun.

Still, jaded or not, the fact remains that the Rio just doesn’t have the same excited vibe that I’m used to feeling during the first week of the Series. The halls feel emptier, the rails aren’t as jammed, and people just seem more serious than usual. What makes the feel of this year’s Series even stranger is that the event numbers have been good. People are playing cards, but no one appears to be having any fun.

So, is there anything that the Rio and WSOP staff can do to loosen things up and pump some more excitement into the proceedings?

More…

Back in the early poker-boom days, it became well-known around higher stakes circles in Dallas that a few of the Mavericks liked to play Texas Hold’em. Thus it was no surprise, back in ’06, when Mark Cuban and the Mavs did business with PokerStars.com. This was before the UIGEA, mind you … so the poker industry as we know knew it was still taking shape. But already the standard was becoming that dot-net was acceptable to advertise, dot-com was not. (The Feds had just seized a few million dollars from the Discovery Channel network, parent to the Travel Channel, for ill-gotten ad revenues from Paradise Poker … dot com.) Thus, though few recognized it at the time, it was kinda a big deal when Cuban was willing to *go rogue* and use his NBA basketball team to advertise the web domain with higher affiliate conversion rates.

(I seem to recall that deal lasted only a few months, if not less; not confirmed though.)

Anyhow, a little flashback to a more innocent era … reminding us where we (as in poker) were just five years ago. Nolan Dalla, then a representative for PokerStars, sat down to explain the difference between dot-com and dot-net, long before poker sites would learn the true power of a dot-gov. You’ll have to excuse the added music … I was still learning how podcasts worked at the time. And poker for that matter:

Jason Terry began dreaming of Championship rings and WSOP bracelets thanks to PokerStars.com.

From Pokerati, May 2006 (Maverick Poker, Take 2)

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OK, so the Mavericks are in the playoffs. And not only do the Mavs kick ass … but also they love poker. You’ll notice plenty of advertising and sponsorial relationships between the team and online poker sites. But what you may or may not notice is that while ESPN, Fox Sports, GSN, Travel Channel, et al. run ads for nameyourpokersite.NET … the Mavs advertise the previously declared illegal (by the U.S. Justice Dept.) dot-COM varieties.

WSOP 2011 Bonus: the Tupac Edition

Gary Wise from ESPN fame joins the The Rabbit Hunt as their guest panelist of the week on an all-UB news cycle. We discuss the state of the company, the raids that occurred over the weekend, their recent deal with the DOJ, and the continued fallout their recently laid off pros might feel going forward. True to the subject matter, we had a lot to talk about, so we hope you enjoy!

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Normally this sorta promotional bit wouldn’t catch my attention for any longer than it takes to press the “mark as spam” button. But for whatever reason, new somethings related to online poker and real money get a second look these days.

And this one … knowing the tensions we’ve seen between California card rooms and the poker sites we used to think of as the “good guys” (before government officials said, “no no they Full Tilt and PokerStars are the bad guys!”) … well, hmm, call me @JeffMadsenObv, but is it coincidence that California’s first brick-and-mortar card room to open an online poker site did so on April 15?

Aha. Exactly.

Likewise, might we see more California casinos opening up online outposts soon … and how many similar ops across the country will be trying to entice players to their no-money real-money tables with WSOP seats? Also kinda curious … a $7,500 cash buyout option for the winner. (That seems pretty good, no?)

More…

You gotta love the Hardcore Poker Show on Sirius 98 (moving to channel 158 tomorrow) … as they seem to know how to get the right guests at the right time to throw out a few doozies.

On yesterday’s show they talk to Pauly — one of the Top Two Podcasters on Tao of Pokerati — who lets it be known that while player money from PokerStars may indeed be filtering back to American players via US banks … affiliates got a form letter saying they would not be paid, and I think it sounds like he’s saying they have no intent to in the near future or ever.

Check with the Tao of Poker to see if he (or someone else) posts this letter. Until we see it I can’t know if Pauly — who removed his PokerStars affiliate banners — is simply speaking the aggressive truth or just playing squeaky-wheel hardball or both. He is a New Yorker, after all — from the Southern District no less!

UPDATE: He has posted it.

Tony G, the owner of PokerNews is next on the show — and really, for all the voices that have been clamoring since “Black Friday”, he’s one of the biggest names in poker with a direct connection to the money-flow from Full Tilt, Stars, and others to do an in-depth, candid interview.

Here’s a clip from the show to give you a taste.

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And click here for the whole episode.

Controversial for sure … but his words seem to be less publicity-whorey than usual. The G says any American depositing money on any site is high-risk, and payout could be unlikely. While believing that Stars seems to be making good, he sees signs that Full Tilt accounts could be in greater jeopardy — and calls out Howard Lederer and Phil Ivey specifically to address the issue (either in public or private) and possibly offer up their personal assets to take care of players.

More…

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!