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.

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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!

Not everyone is unhappy about the elimination of PokerStars and Full Tilt from the American online poker marketplace. Shares of Bwin/Party soared today on the London Stock Exchange, closing up nearly 35 percent on rather high trading volume.

And while in some ways this graph looks like the inverse of Party Gaming’s graph in ’06 come the UIGEA and their subsequent, calculated US pullout. But zoom out and you’ll see today’s rise for Party (now officially Bwin.Party Digital Entertainment) is merely a token blip in their long-term efforts to get back atop the online gaming world.

In fact, they had plummeted rather hard just this month as US legislative efforts began making it seem as if Stars and Tilt would be white-list operators in any future, regulated American online gaming economy.

Meanwhile, Scarlet got her hands on some detailed equity research from the venerable banking institution Barclay’s … assessing the impact of of the US DOJ’s actions on the European gaming market. Good in some spots, not as promising as some might think in others.

Click here to see for yourself.

The “bull case” they make, interestingly, is a scenario where both Stars and Tilt end up in full collapse.

The DOJ dropped an A-bomb on the online poker industry Friday, and, as you’d expect, the impact was devastating. Within hours of the DOJ’s indictments, PokerStars and Full Tilt Poker had shut down real money gaming in the US, effectively killing online poker and leaving millions of customers with nowhere to play.

And while the sites are scrambling to readjust to a world where approximately 40 percent or more of their business just disappeared and mount legal defenses for themselves and their executives, the fallout from Friday’s bombshells continues to spread far and wide from its epicenters in Dublin and the Isle of Man.

I could go on, but I’ll just end up depressing myself and that’s no fun.

While Full Tilt and Stars were certainly the two biggest poker sites operating in the states, their reach extends far beyond the virtual felt. Until Friday, these sites were the drivers of a whole industry that revolved around their players, television programs and live tournaments around the world. With the sites gone, the poker economy they supported is sure to follow.

As I write this, a number of my friends are getting trashed on Pisco Sours down in Peru, where they’re covering the end of an LAPT event for PokerStars and PokerNews. The sad fact is, though, this may be the end of poker reporting as we know it.

Providing live tournament coverage is expensive and resource-intensive, and sites like PokerNews can’t exist without financial underwriting provided by sites like Stars and Tilt. With those players now out of the US market, there’s no reason for them to be spending resources on tournament reporting when that money can be better spent on the high-priced legal teams they’re undoubtedly going to need to put in place. Bottom line – that WSOP coverage that everyone has been gearing up for next month probably isn’t going to happen.

More…

We showed you the 52-page criminal complaint — 9 charges against 11 individuals facing between 5 and 30 years in prison. Now here’s the 80-page civil complaint in the DOJ vs. PokerStars, FullTilt, AP/UB, et al:

http://www.scribd.com/doc/53170382/3bb-Civil-Complaint-DOJ-vs-PokerStars-Full-Tilt-UB-AP-et-al

The Feds’ allegations tell a rather compelling narrative of illegal gambling, bank fraud, money laundering, and conspiracy to circumvent US law — that if proven calls for the forfeiture of not just domain names, but also:

$1.5 billion from PokerStars
$1 billion from Full Tilt
$500 million from UB/AP

The court documents also spell out the details on the 76 bank accounts money allegedly passed through … in multiple countries and currencies, making USA vs. PokerStars+ not just a federal case but also an international one. And with the US Feds seeking to freeze these accounts, industry types get a hint of which Stars- and Tilt-funded paychecks may soon be in jeopardy … if they aren’t already.

With the criminal indictment and civil complaint together, federal prosecutors Arlo Devlin Brown and crew, seem unafraid to telgraph their intent: People have to go to prison and we take their money, but if that’s not gonna work, we’re at least gonna get $3 billion guaranteed … and we now have two tries to take it down!

(I use the term we because these cases are technically “the people of United States of America vs.” … thus it really is you and I and my dad and grandma and her priest and the electrician and Bristol Palin and Justin Bieber … claiming that all those online poker spoils are rightfully ours.)

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The regulated online poker-only “Reid bill”, if you recall, promised to generate $1 to $4 billion a year for the US government. So you gotta figure $3 billion in forfeitures buys another year for the forces who do wanna see fully legal licensed and regulated online poker — and other casino games — to craft a bill to their liking.

We drop everything and do a 6-hour breaking-news type show as the huge story develops regarding the 11-count indictment by the US Department of Justice against Full Tilt, Pokerstars, and Absolute Poker.  Brandon Adams and Eric Morris (CEO of Bluff Magazine) our are special guests, and we take a ton of listener phone calls.  Druff breaks down what everything means for the present and future of online poker.  We will return to our regular schedule of shows on Wednesday, April 20th.

The arrest warrant in rem in the parallel civil forfeiture case (11 Civ. 2564) involving PokerStars, FullTilt, and UB is out. This is the instrumentality through which the domain names were redirected by the FBI to the notices up on the sites. The only sites affected by this are: www.pokerstars.com, www.fulltiltpoker.com, www.ub.com, www.ultimatebet.com, and www.absolutepoker.com.

The warrant directs the .com registrar (VeriSign) to direct the name servers to the addresses specified in the warrant or such other name servers or IP addresses as directed by the FBI.

These domains have been locked by the registry (and by the registrar in the case of www.ultimatebet.com – this domain remains with GoDaddy pending a final disposition of the domain seizure case in Kentucky) and now cannot be moved without a court order or the consent of the Department of Justice. I understand that the rest of the domains (save and except for www.ultimatebet.com) are registered with foreign registrars.

Rabbit Hunt:

The Rabbit Hunt crew return after taking a week off to catch everyone up on the latest poker news. After discussing the recent legislation passed in Washington D.C. and Zynga Poker the host move on to discuss the WSOP rematch concept. Matt goes rants about how he does not like the concept, saying he would rather see a boxing match between Phil Helmuth and Eskimo Clark than the Helmuth vs. Johnny Chan rematch. To close out the show Matt continues on his rant party, this time he rants about the World Poker Tour and why it should not be considered a major along side the World Series of Poker. Take a listen to the show on either the Cardrunners site or download it directly from iTunes to listen to this interview.

Two Plus Two Pokercast:

Also coming off a week hiatus the Two Plus Two Pokercast returns this week with Scott “URnotINdangr” Palmer coming on to discuss his recent supersized SuperStar Showdown match. Starting off the show with a discussion on the recent big sporting events the guys confess their love for this time of the year, Hockey Playoff eh? Brandon Adams joins the show this week to discuss his trip to Augusta for The Masters before talking a little poker. At the 1 hour 54 minute mark Palmer joins in the discussing to give some commentary of his match against Blom to close out the show. You can listen to the show at the Two Plus Two Pokercast site or download it on iTunes.

Poker Static:

If you are looking for interviews, interviews, and more interviews then you need to be listening to the Poker Static guys. Kagome Kagome, formerly known as IHateJuice on Full Tilt Poker joins the crew this week to discuss the meanings behind his names and the discussion he had with Full Tilt when they wanted him to change his username. You can either download the show from iTunes or watch the video below.