Photo: IMPDI / WSOP.com

Eric Drache had one thought when then-Golden Nugget executive Bobby Baldwin suggested he manage the Fremont Street casino’s poker room in the early 1980s.

How long could he last working for Steve Wynn?

Baldwin, the 1978 World Series of Poker champion, thought Drache, who was the annual tournament’s director, could give Wynn’s poker facility a much needed lift.

Drache was perplexed. He was an expert seven-card stud player and had managed the old Silver Bird Casino poker room. But this was big time.

“Are you kidding?” Drache recalled saying. “Steve will fire us within 10 minutes.”

Baldwin and Drache recalled that story last month during a ceremony at the Rio celebrating Drache’s induction into the Poker Hall of Fame.

Drache, 69, joined the late Brian “Sailor” Roberts as the 43rd and 44th members of the Hall of Fame, which is managed by the World Series of Poker.

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The Poker Hall of Fame will induct Eric Drache and the late Brian “Sailor” Roberts as the organization’s 43rd and 44th members during the final table of the World Series of Poker’s Main Event later this month.

The pair were nominated by the public and voted in by a 36-person panel made up of existing Poker Hall of Famers and members of the media.

Roberts, who died in 1995, won the World Series of Poker’s $10,000 buy-in No Limit Hold’em World Championship in 1975. He was best known as a member of poker’s old guard of “Texas Road Gamblers,” along with Hall of Famers Doyle Brunson and the late Amarillo Slim.

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A WSOP record 7 bracelet events were underway on Wednesday afternoon, three of them eventually reaching their conclusions. As noted in my report last night, Jason Mercier got some success in the US, taking home a bracelet in the $1,500 Pot Limit Omaha event, my report is up on PokerNews now. The $1,000 NL Holdem Stimulus Special was won by Steve Sung, taking home over $770,000 and his first WSOP bracelet. The very occasional PokerRoad blogger was under 1m in chips when play was 7-handed but went on a rush to take the chip lead in just under a blind level. Final table chip leader and occasional web page designer Dan Heimiller would finish in 6th place, one of many to succumb to Sung’s success. “Pete the Greek” Valindos was the final victim denied a chance at this 2nd WSOP bracelet, when his pocket eights weren’t good enough for Sung’s pocket kings, but Vilandos does have over $470,000 to cushion that blow. More details on how that final table went down will be up on PokerNews later today.

The $10,000 7 Card Stud World Championship was a battle of the ages, literally. In what appears to be a record for a non-senior event, Freddie Ellis (74) bested Eric Drache (66) to take down the title as Ellis becomes the sixth African-American (Phil Ivey, David Williams, Walter Smiley and Carolyn Gardener being the other five) to win a WSOP bracelet. As Nolan Dalla noted in his tournament report, the distinction all six players have is that they each have won a bracelet in seven card stud. Here’s a bonus piece by Benjo on Eric Drache, from the Tao of Poker site.

The $1,500 NL Holdem event wasn’t able to reach their final table, as 33 players were left at 3am. They get to return at 1pm today to play down to a final table. This final table was scheduled to be streamed later this afternoon at bluffmagazine.com, but that’s definitely not happening at the scheduled 2pm start time. Follow them on Twitter for the latest updates on that situation. Notable names remaining: Michael Martin, Francois Safieddine, and Jeremy Joseph.

One final table that is known is the $2,500 NL 2-7 Lowball Single Draw event. When play began Tuesday afternoon, there were several big names among the 35 remaining. Those players all fell by the wayside, except for Phil Ivey, here’s how the final table will look when they come back at 2pm today.

Seat 1: Raphael Zimmerman – 238,000
Seat 2: Eric Kesselman – 119,400
Seat 3: John Monnette – 259,000
Seat 4: Rodeen Talebi – 94,500
Seat 5: Yan Chen – 159,000
Seat 6: Elia Ahmadian – 136,900
Seat 7: Phil Ivey – 106,300

Today’s other events on the next page:
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The first of three final tables has reached its conclusion as Jason Mercier took down the $1,500 Pot Limit Omaha event as he went on a rush when it got to six-handed to take the chip lead, beating Steven Burkholder heads-up to take down a WSOP bracelet to go along with his two EPT titles he earned in 2008. The other two final tables the $1,000 NL Holdem “Stimulus Special” as the players are about to return from their dinner break, with Steve Sung the chip leader at 8,700,000 followed by “Pete the Greek” Vilandos (5,930,000) and James Matz III (3,650,000). You can watch the conclusion of this final table on ESPN360 or http://wsop.pkr.com for those without the ESPN service. The $10,000 7 Card Stud World Championship is also down to their final three with Freddie Ellis (2,330,000), followed by Eric Drache (1,435,000) and Ville Wahlbeck (495,000).

The two Day 2 events are moving towards their conclusions, one much more likely to reach a final table than the other. Twelve players remain in the $2,500 NL 2-7 Draw Lowball event, with John Monnette holding the chip leader. They’ll be playing down to a final table of 8 with Tony G, Layne Flack, Phil Ivey, David Grey and Freddy Deeb the players you’ve heard of remaining. The $1,500 NL Holdem event is currently down to about 110 players, trying to get to their final table for their Internet broadcast tomorrow at 2pm on bluffmagazine.com. People you’ve heard of remaining: Brandon Cantu, Jacobo Fernandez, Nancy Todd Tyner, Grant Hinkle, and Michael Martin.

The $1,500 NL Holdem 6-max event drew a field of 1,459 which was down to 318 after the dinner break, while the $2,500 PL Holdem/PLO event drew a field of 453 which has been whittled down to 261 as they take their dinner break. See who’s remaining in those fields over at www.worldseriesofpoker.com and I’ll be back with more stuff tomorrow.

Finishing up business from Monday night before moving on…

The $1,000 NL Holdem Stimulus Special finished at 3am today with 50 players returning at 1pm to play down to a winner. The chip leader is Robert Comegys from Grand Prairie, TX with nearly 1.2m million in chips. Danny Fuhs is close behind, with notables such as Eric Mizrachi, Lee Watkinson, Dan Heimiller, and Jonathan Aguiar far down the leaderboard. More details will be available in my PokerNews recap later today. Today’s event is scheduled to be the first of over 20 WSOP final tables to be streamed online this year. The scheduled 2pm final table will be pushed back at least a few hours, depending on how fast play is today. Updates on Pokerati during the day today.

The $1,500 Pot Limit Omaha event finished their Day 1 with 81 players remaining, the exact amount needed to reach the money. Jason Mercier, best known for his success on the European Poker Tour, is the chip leader with 227,000 in chips, over 60,000 more than second placed Matt Humphrey. Other notables who’ve made the money include Eric Froehlich,, Dario Alioto, Josh Arieh, An Tran, Warren Karp, Shannon Shorr, Robert Mizrachi, and Kirill Gerasimov. Those players and many more return at 2pm today to play down to a final table.

The $10,000 Seven Card Stud World Championship ended after eight levels with 101 of its remaining 142 entrants remaining. High-stakes cash game player David Oppenheim emerged as the chip leader, with veterans “Miami John” Cernuto, Nick Frangos, Danny Robison, and Steve Zolotow helping make up the top 10. Others who’ll be looking to work their way up include Eli Elezra, Todd Brunson, Eric Drache, Erick Lindgren, Andy Bloch, Cory Zeidman and Phil Ivey. They also return at 2pm to play down to their final table.

The one event that was able to conclude Monday was the WSOP Champions Invitational as Tom McEvoy, the 1983 Main Event winner, knocked off Robert Varkonyi, the 2002 Main Event champion to win the first Binion Cup along with a 1970 red Corvette.

The preview for today’s events:
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photo: Steve Hall / Pokerfolio

There probably wouldn’t have been a Chris Moneymaker without this guy. The same might be said about a new season of HSP.

Yesterday was supposed to be the day we learned the future of the World Poker Tour. No such luck. However, WSOP stalwart monopodder Steve Hall hears from Eric Drache, who was playing in Day 1 of the $10,000 7-stud World Championship, that High Stakes Poker will be back. The word is that HSP, along with Poker after Dark, will be moving from the South Point Casino back to the Golden Nugget. High Stakes will reportedly begin filming new episodes in August.

No info yet on time-buys or even what network will be airing the show(s) — but all indications point toward NBC. Drache is one of those important poker people who few of us have heard of — his last cash coming in 1991, where he finished 5th in a 7-stud event in Laughlin. But since then he’s gone on to manage all sorts of card rooms — including the Golden Nugget — and most recently has served as a consultant for NBC.

Drache is also the guy credited with creating the concept of tournament satellites and the “must move” table, according to Wikipedia.

UPDATE: It’s possible but not likely we are wrong on this. Less traceable thirdhand sources are saying no way this is happening at the Golden Nugget.