The Federated-Sports-plus-Gaming-and-Semi-Nebulous-Professional-Poker-League-now-with-more-Heartland-Poker-Tour got itself a Twitter-friendly name today — the Epic Poker League … just in time for their upcoming $1,500 Pro-Am at the Palms (no longer a Maloof Casino Resort).

EpicPoker.com … and @EpicPokerLeague.

OK … Epic.

I happen to get a near-front row seat, as everything leading up to their first event — a 3-day $1,500 pro-am, August 5-8 — takes place at the Palms, a place where the Pokerati Game, you all know, has found a delightfully raucous, if not cozy home for our brand of “high-stakes action for low-stakes players” in the form of 1/2 NLH/PLO.

It should be an up-close look at one of the more interesting side stories of the 2011 WSOP — the birthing of Jeffrey Pollack and Annie Duke’s poker lovechild emergence of a new professional poker league … a difficult labor to be sure!

Meanwhile, in my initial exploration of Epic (before I even understood how “Epic” it would be) … I happened to win a satellite this weekend into the first $1,500 event. So now I’m a pro, obv! I’ll get an even closer look — behind the rails with actual chips in play — at how this league is really taking shape, what it means for players looking at it as a vehicle for future poker success, and even though I never wanted to be a real poker pro … a chance to more legitimately claim status as a card-carrying pro at stake.

The Palms Casino Resort, one of the last remaining “family run” operations on or off the Las Vegas Strip — and home to the gloriously raucous @Pokerati Game @PalmsPokerRm — will likely become part of the Caesars casino empire. The Maloof family, 80 percent owners of the Palms, sold off their majority interest this week to investors that include TPG Capital.

Across the street from the Rio ... a true palace of low-stakes NLH/PLO.

Fort Worth-based TPG, of course, are majority owners of Caesars Entertainment, corporate overlords to the WSOP.

According to the Sacramento Bee, upon approval by Nevada Gaming regulators, the billionaire Maloof family will retain just 2 percent … with an option to rebuy up to 20.

Untested but presumably reliable sources say the Palms will almost certainly end up in Caesars’ portfolio of casino properties, following an acquisition path similar to how things went for Planet Hollywood … and should become part of Caesars’ Total Rewards program by year-end. Over in Sacramento, the buzz is all about what the Maloof sale means for the Sacramento Kings, who apparently need both a new arena and a player bankroll.

I can’t begin to think I really understand the high finance and debt restructuring of Big Casinos … so before I try to explain, you should probably peruse the past six months or so of SEC filings for CZR. There really is a rather fascinating story in the agate here.

I’ll be playing in a satellite for Annie Duke’s and Jeffrey Pollack’s $20k pro-am event tonight, at the Palms, starting at 7pm. I hope you are busy and can’t show up. Come by later for 1/2 NLH/PLO, sure … the Pokerati action @PalmsPokerRm has been bumpin’ all summer … but at 7 is the Federated satellite, and I probably like my chances better without you there.

Official qualifier info here.

It’s a $340 buy-in, with 20 percent of the field winning seats into a Federated 1500 later this month (or next?), with that event putting players into the Federated $20k Pro-Am. I think that’s how it works … I dunno, you better stay away until I make sure.

Federated’s first attempt for qualifiers didn’t go so well, as our good friends at Wicked Chops pointed out — only three people showed! Not necessarily surprising for a still forming league; it’s kinda hard to draw people to a qualifier for something that hasn’t ever happened before — no matter how big the names are behind it. The WSOP ran for I think like 11 years before they started filling satellites.

But tonight, our other good friends at the Palms Poker Room are guaranteeing not only 1 seat for every 5 players, but also 1 minimum no matter how few buy-in. That, of course, is why I’m playing tonight. By my math, if no one else is there tonight, I win!

The grand prize, of course is that $20k seat, where I’ll be able to play against big-name pros and hardcore grinders for $10 million!!! a six-figure payout and/or a chance to tell many of them en masse once and for all to suck-it!

Ahh, getting ahead of myself here … it’s supposed to be a professional league encouraging fair play, proper behavior, and golf etiquette … so have to wait for the right moment to make my made-for-TV scene.

First I gotta win tonight’s event, where my best shot, frankly, comes by just showing up.

Annie Duke wants to remind you:

The Palms is running satellites starting 6/4 for Federated Pro/Am events. Details on the Federated Facebook page. http://tinyurl.com/3lsmept

Deets below:

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Thursday is Pokerati night at the Palms, but even when our little version of 1/2 NLH/PLO isn’t in action, they’ve got a comforting promo going on where you get money back for losing with Aces. Simple enough:

click to enlarge

Believe me, I realize a lot is going on in the poker world right now that you’d expect any fine folks at Pokerati to be all over … we probably are, but sometimes before pressing publish you gotta play a few hands, ya know, to remember why it is so many people have a special affection for a game that’s causing so much consternation. And because I recently blew 98 percent of my Zynga bankroll (thanks to sleepy play), pretty much my only option for a certain fix I crave is the Pokerati Game … now playing at the Palms.

Check it out, the new game promo in the upper right … sweet, huh?

We’re settling in to our new home nicely, buzz is spreading, and new players seem to like our kinda-sorta unique brand of half-PLO half-no-limit hold’em; the dealers are starting to figure out the slight nuances in how we play, too, and before long, anyone in the room should be able to recite rule #3a on command in English and Spanish. OK, maybe I jest … but the Palms has been really supportive of our game — so much so that they made us the nifty banner to go with my food comps.

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The Federated Pro Poker League had taken a decidedly neutral stance on online poker. They weren’t gonna let online powerhouses Tilt and Stars muck up their game, it seemed, but at the same time they weren’t ready — at least prior to April 15 — to kick the online sites to the curb. Now it seems clear the FPPL will be moving forward with the indicted online poker operations — whatever that may or may not mean. Regardless, @JeffreyPollack is apparently committed, as he confirmed his recent resignation as Executive Chairman of PBR to focus on Federated Sports+Gaming, which has its first pro poker event in just barely 90 days.

The plan for seating players involves a complex algorithm awarding 2-, 3-, and 5-year cards based on some sorta formula that takes into account tournament wins and possibly shoe size? 218 mad the cut for 2011. Click here to see who gets to play in their non-open overlay events at the Palms … which, btw, now happens to be home of the Pokerati Game. The pro league’s schedule of exclusive, not-yet-televised events is below, along with the details on what it takes to get your card.

(Pokerati’s version of 1/2 NLH/PLO, of course, is open to all players seeking a good time for a $100-min $400 max, and will be playing again this Thursday, starting at 7p. No card necessary — though you do need a players card to qualify for comps or collect any bonuses.)

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Fans of low-stakes PLO in Las Vegas rejoice. The Pokerati Game looks to get back into regular action, kicking off tomorrow, Thursday, 7pm, at The Palms poker room.

We had a good run at the Hard Rock … convincing a Vegas casino that a time-charge isn’t necessary to make running-it-twice work in low-stakes games … and culminating with an NLH/PLO tourney in Matt Savage’s (short-lived?) Detox Poker Series. Good things were happening, but I guess when your CEO offs himself (after dropping $850mil days before worldwide financial collapse) and security escorts your poker director’s corporate big-boss off-premises with Gaming enforcement officials watching … well, it doesn’t matter how many turns and rivers you get to see to recognize it’s time to move on.

In the off-time you’ve probably been jonesing for the action Pokerati provides, and I’ve read seven pages of a new PLO book … also finally figured out how to condense the rules into something less than a page, so we’re back, or at least will be soon — starting with the relaunch prelaunch Thursday eve.

Click here to see how we play it … become a fan of 1/2 NLH/PLO round of each on Facebook for regular updates, and add @PalmsPokerRm to your Twitter follows for, um, I’m not sure yet. I do know @PokerGuyJoeV is the new poker room manager there — charged with reinvigorating an architecturally challenged room with 3/6 limit games that don’t quite jibe with the made-for-MTV vibe felt elsewhere in the casino.

Just because some of us got busy covering an actual tournament a freeroll doesn’t mean we slacked on our duties as the top parking lot correspondent in poker.

This import (from Illinois) has gotta belong to a poker player, right?

Seen in the Palms parking lot (up close to the door, suggesting an early morning arrival) during the Zynga Pokercon tourney:

Either that or maybe it’s just commentary on the fact that someone sold this guy a yellow car.

As the first ever live event for the world’s biggest online poker site (Stars wanna challenge the assertion?) gets underway … we are seeing the super-hyper-turbo nature of free poker play translated to a two-flight weekend at Zynga PokerCon.

There were 45 players left (from the first flight of 250) with blinds at 1,000/2,000. They started with 2,000 chips each, so that translates to … bear with me, doing math here … 18 percent of the field left, 5.5 big blinds for the average stack.

UPDATE (12 minutes later): Blinds just went up. Average stack is now 2.75 BB.
UPDATE (3 minutes later): We are in the money. 27 players remain.
UPDATE (1 minute later): Blinds are up to 3,000/6,000. 3.2 BB for the average.

Though I can hear Matt Savage and Allen Kessler cringing on the inside from wherever they are, the one guarantee with such a faster-than-charity structure is lots of exciting all-in hands. So in some ways reminds me of a WPT broadcast from a few years ago.

CORRECTION: See what happens when you assume? Turns out Matt Savage created this blind structure!

Click the image above to enlarge the blind and payout structures … they play each flight down to 3 … and then sit four others who qualified for ITM seats on Zynga Poker.

Seen here, playing slots outside the poker room at the Palms: Annie Shea (right) and her not-quite ready for Zynga Poker friend Rene Knapp — passing time while waiting to attend the afternoon Annie Duke poker school. Ms. Shea is one of 500 Zynga players who got into this event, which sold out days ago.

(I almost don’t get it … don’t they know about the new trend for late registration!?!)

Shea comes into this event with 7.5 million play-money chips in her bankroll.

Pokerati Mincast: Montana Zynga People

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The Zynga Pokercon is underway at the Palms. Right now some 500 people are packed in to an upstairs ballroom attending “Zynga U” — a mini poker boot camp for Zynga players — with Annie Duke as the lead professor. I think they’re at the part where she teaches them why Q4 is a bad starting hand against a raise and a re-raise in early position.

Perfect time for me to “work the hallways” … also perfect time to kick off my experimental “Pokerati Mincast” — a super-short audio and/or video taste of what this weekend is all about.

Sure enough, I found this lovely lady (I thought she was selling cigarettes) who was kind enough to explain to me one of the “games” they have here for players this weekend.

I knew early on that Zynga was gonna be kinda a friggin’ big deal, with plans to get even bigger. While just about every other online poker entity has struggled with receding revenues of late, Zynga has seen theirs take off. But how? You don’t even play for real money there (yet) …

In an effort to better understand the secret to Zynga’s success, I went to the Texas Hold’em Poker Facebook fan page for preliminary research, and omg, here’s what I found:

Zynga Poker fans: It’s a good bet that the majority of commenters and likers here aren’t familiar with the phrase “don’t tap the aquarium”.

Yeow. Is this what poker has been missing all along? Power Hours and Free Kitties!?!

So simple, so brilliant … how did PokerStars or Full Tilt not think of it? Forget rakeback, black cards, rush poker, final-table patches, re-entry and cashout tournaments … just give away a few cartoon images and let the people play! And that’s when they rebuy?

OK, maybe I don’t have the Zynga equation down exactly yet, but that’s some of what I’ll be looking into as Zynga’s inaugural PokerCon comes to Las Vegas, March 18-19, at the Palms. I’ll be part of a team covering Zynga PokerCon with Michele Lewis and BJ Nemeth.

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Former WSOP Commissioner Jeffrey Pollack, who oversaw the WSOP through the boomtime poker era, plans to make professional poker something more akin to the PGA.

He’s founded a new California company — Federated Sports+Gaming — with Annie Duke on the executive team and serving as commissioner of the poker league, which promises to be a professionals-only set-up. Duke resigned from the WSOP’s event-steering Players Advisory Committee two months ago and last month renounced her relationship with UB, the most notoriously beleaguered online poker site in history.

According to @OskarGarcia from the Associated Press:

The yet-to-be-named league is planning four televised regular-season events plus a $1 million championship freeroll at the Palms Casino Resort in Las Vegas this year, league executives said.

“This is incredibly pro-centric,” Duke told The Associated Press. “This is the one piece that’s kind of missing from the poker landscape right now, which is something for the best players in the world to compete against the best players in the world.”

Should be interesting to see who, by Federated’ new definition, qualify as pros … with one obvious litmus test being will @donkeybomber be able to secure his card?

Corporately, Duke is an executive vice president of Federated Sports+Gaming’s, though not a member of its board of directors. The others on Pollack’s team come from YouBet.com, the biggest legal online gaming company based in the US, which was recently acquired by Churchill Downs, the publicly traded online gaming outpost for Kentucky’s horse-race industry. Others on Pollack’s executive team share varying degrees from Northwestern University, to which I say, um … Go Cats!

Pollack, serving as chairman of Federated, maintains his position as executive chairman of PBR, which real cowboys will tell you is very different from traditional “rodeo”. Read below for his full statement announcing his reburstage onto the poker scene:

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World Team Poker is the next “big event” in Las Vegas … gets underway at the Golden Nugget with a party tonight (of course) and cards in the air on Wednesday. The WTP will be the third big-dollar, made-for-TV attempt to bring team poker to Las Vegas (fourth if you include one that was canceled the weekend of) … and like all the rest, as the WTP teams came together, the usual on-camera stars lined up to get their airtime register. We can tell there is a definitive desire for team poker somewhere — why else would the pros keep showing up? — and everyone who ever plays in these events reports having an absolute blast. But for some reason or another, they often tend to falter.

Will the WTP be a matter of someone finally getting it right, or is there something inherent to the game itself that makes team tournament poker a concept that just can’t stick?

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