Is that a prop bet in your pants or are you just happy to see me?
As the Duke of Fremont gets ready for trial, Andrew and Dan are among a field of 200 playing $135 No-Limit Hold’em in the Golden Nugget’s $25,000 guaranteed weekender event. Dave meanwhile hooks it to Planet Hollywood in chase of the Caesars Megabeat (which pays better on a Wednesday afternoon) and damn, that’s a pretty good promo when coupled with their new 20 for 20 freeroll.
At Mandalay Bay this weekend it’s the $10,000 Tiger Jam, and is Wikipedia racist for thinking Phil Ivey = Tiger Woods? The WSOP lays out their summer plan with their annual media conference call. And we check in with David Clark, aka DC n La, from New Orleans, where the WSOP-NOLA circuit event is happening and the WSOP Circuit national championship takes place next week. And when a showdown reveals Dan’s 5c8c < 4s6s … he’s left asking Andrew if it was just an unfortunate river in the midst of sneaky button play or really, against a fellow Texan, just a late-position cliche …
Steve O’Dwyer €1,224,000 – 2013 EPT Grand Final
Steven Silverman €775,000 – 2013 EPT Monaco High Roller
Paul Volpe €130,000 – 2013 EPT Monaco 6-Max
Steve O’Dwyer has been making a lot of noise in Europe for a longtime but it wasn’t until Sunday night that he was able to capture his first EPT title. He won on their biggest stage against arguably one of the toughest final table is major poker tournament history. O’Dwyer defeated Andrew Pantling for the title but that was just one hurdle at a table which included Daniel Negreanu, Jason Mercier, Noah Schwartz, Jake Cody, Grant Levy, and Johnny Lodden. It was a well earned victory for one of the favorites on tour.
***
Unless you’ve been living under a rock for the last few days, and that is certainly a possibility with Mother’s Day weekend, you would have noticed Travis Makar released some secret Ultimate Bet recordings which have set the world all a-twitter and might be the situation to cause 2+2 to implode upon itself. There is a ton of information to be derived from the recordings and you can find some of the best in the link dump below.
The winner of the week? Jen Larson who now finds Lock Poker to be the second biggest story in poker at the moment. Have no fear, the Eye of Sauron will be back on them soon enough.
Link Dump
Travis Makar Releases Damaging Ultimate Bet Recordings – The best writeup I saw with a breakdown of the recordings and all they contain. Pretty damning information for a lot of people involved and this is a good to start understanding it all.
Poker’s Watergate Moment – Another great recap by poker blogger “Grange95” with his take on the UB tapes including links to the actual recordings.
Phil Hellmuth statement on UB – Phil Hellmuth (or more accurately, his agent Brian Balsbaugh) released a statement about the recent revelations in the UB recordings via Kevmath and the 2+2 forums. He gives the entire thing a bit of the soft touch and not much in the way of an explanation. He might get a little more attention with the WSOP about to kick off.
Ultimate Poker Severs Ties with Iovation – The news this weekend also had an impact on newly launched Ultimate Poker when it came to light they were using former UB-tainted Greg Pierson’s company Iovation for player verification.
Gambler won £7.8m by ‘reading’ the back of cards – In different news, the story of Phil Ivey and the UK casino holding back his winnings has spewed forth more (and actually interesting) material. So who is this mystery woman who can read cards like this?
Blair Hinkle $121,177 – WSOP-C Council Bluffs Main Event
Roger Campbell $131,681 – Heartland Poker Tour St. Louis
Terry Fan HK$1,771,000 – Red Dragon Main Event
Daniel Pidun €880,000 – EPT Berlin Main Event
A historic day here in the States for online poker with the live launch of the Station Casinos/UFC backed Ultimate Poker. The client was opened to the public this morning and the first hand was dealt shortly after 9am Vegas time. Which prompted someone to immediately complain about a bad beat after busting on that very same hand. Welcome back online poker to the States!
Some questions have been answered about the process involved with the Nevada based site. Players do not need to be located within the state to signup and create an account, thus preventing another unprofitable hack from stealing the AlCantHang username. Players can deposit on the site from outside Nevada, which will allow them to load up on the site before traveling and play as soon as they are within the state lines. Deposit options include MasterCard, echeck, real check, bank wire, and the option to walk up to the main cage in any of the 16 Station Casinos in Nevada.
It seems the only downside so far, besides the small player base currently offered, is the system judging a player’s geographic location based on their cell phone signal. Verizon customers are unable to access the site and word is coming out about other smaller carriers being blocked as well. I can only assume these issues are being dealt with to allow everyone access.
All things considered, it’s a pretty big day for online poker back in the US. The first step in the process which includes interstate compacts and hopefully Federal regulations as quickly as possible. WSOP grinders can start loading up their accounts because they now have a legal online solution for playing away from the Rio.
~~~~~
In non-online poker news, poker good guy Blair Hinkle won his 2nd career WSOP Circuit ring at the Council Bluffs Main Event. He became the first player to win the same Circuit event twice with the first ring coming there in the summer of 2010. This 2nd ring will go along nicely with his WSOP bracelet for 2008, setting him nicely for a big run at the 2013 WSOP.
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Tweet of the Day – Ultimate Poker pro Antonio Esfandiari tweets a screencap of the first hand played on the site. For the record, I want to play every one of these min-raising (redacted) online players.
Two California men get prison terms in pro poker ‘sextortion’ scheme – Opening the door for bottom feeders all over the forums, the Joe Sebok extortion trial was finally wrapped up last week with the two men receiving time in the big house. Hopefully this closes a sad chapter in poker and Micon can go back to shilling his BitCoins.
Duke on Decisions – Seems my former Epic Poker boss has been making her rounds on the corporate speech circuit. Short-stack Shamus has a run down of a recent article about Annie Duke’s latest appearance.
PokerStars Blog turns eight years old – I remember running off to the Bahamas years ago to provide a little moral support to Otis during the PCA (and cause myself severe liver damage) and now the PokerStars blog has turned 8 years old. The site has long been a strong supporter of the poker writing community and deserves all the kudos they receive.
Phil Ivey is God – A deleted scene from the upcoming BET RAISE FOLD documentary, this one all about Phil Ivey. It’s good to see a flashback to Gloria Balding on camera along with Dr. Pauly and Jesse May.
Rio’s Bottle Package Get The Party Started!
Two Night Min./ Rates Vary
www.riolasvegas.com
Andrew’s coming off a discouraging min-cash in a Venetian Deep Stack event, Dave just can’t seem to win no matter what he plays, and Dan’s the one noting an impressive Vegas grinder hourly? In this episode, we discuss table buzz about the major New York sports betting busts, Ivey and Negreanu’s Australian bracelet wins (is it the death of poker’s middle class?) and introduce our growing international listenership to Awesome Andrew’s Vegas Social Calendar — just in time for the opening of Hakkasan! But then we really do have to drill down on Dave’s recent woes at the table … to help you find your best way out of your poker holes before an extended downswing becomes a downward spiral of total life despair. And our HOTW … pocket 9s under the gun! Do you know a better way to address the pressing societal issue of open-raising vs. limping in early position with small-to-medium pairs? That’s what we thought. (Enjoy the extra links while listening …)
Daniel Negreanu $1,038,825 – WSOP APAC Main Event
Phil Ivey $51,840 – WSOP APAC Mixed Event
Philipp Gruissem $825,000 – WSOP APAC High Roller
Aaron Lim $233,800 – WSOP APAC Six Handed
It was a fun weekend in Australia as two of the biggest names in poker captured WSOP APAC braclets. Phil Ivey won his 9th career bracelet in the Mixed Event, a tournament on the smaller side but impressive none the less. This win puts him in a tie with poker legend Johnny Moss and just one behind Doyle Brunson and Johnny Chan. After his run at the WSOP in 2012, there will be a lot of money on him winning another this summer.
Daniel Negreanu ended his 5 year WSOP drought by taking down the APAC Main Event for this 5th career bracelet. The title puts him in a tie with a boatload of other top players including Allen Cunningham, Ted Forrest, Scotty Nguyen, Jeff Lisandro, John Juanda, and the late great Stu Ungar. This was Negreanu’s second big chance to win a WSOP Main Event title after finishing 2nd at the WSOP Europe in 2009. It was probably fortunate he had to battle Daniel Marton heads up instead of having Barry Shulman own his soul.
Link Dump
Tweet of the Day – Down goes Hellmuth! As captured by Jason Koon.
Heard a large thump. Look over and Hellmuth is laying in the floor. You’re welcome. twitter.com/JasonKoon/stat…
Kevin Saul $194,178 – WSOP-C Foxwoods Main Event
Bryan Piccioli $211,575 – WSOP APAC Event #1
Jim Collopy $69,662 – WSOP APAC Event #2
The World Series of Poker brand had themselves a fine time over the last few days on different sides of the globe. Big names, new tournaments, and interesting results. The WSOP APAC is underway in Australia while the WSOP-Circuit at Foxwoods wrapped up their Main Event.
Professional player Brian Piccioli captured the first ever WSOP APAC bracelet in a brand new event, something called the “Accumulator” at the Crown Casino in Melbourne. The tournament took reentry events to the next level, where players could not only enter each of the three starting days but could also play even if they had chips at the end of previous days. Whatever part of their stacks remained after Day 1A/B/C were combined and play continued on Day 2. Piccioli won they event with only his Day C stack after busting both A and B but worked it will for the $211,575 prize and gold bracelet.
Long time professional and former online master Kevin Saul is the latest WSOP Circuit Main Event Champion. There were 615 entrees into the inaugural Foxwoods WSOP-C tournament and Saul made quick work of the final table to pick up his shiny new ring, the near $200k payday, and his entry into the WSOP National Championship coming up in New Orleans.
History could be made later today when the WSOP APAC Mixed Event is played to a winner. Phil Ivey leads the final table with Daniel Negreanu right behind him. Ivey will be trying to capture his 9th WSOP bracelet while Negreanu is looking to break his 5 year bracelet slump to pick up his 5th.
Rio’s Bottle Package Get The Party Started!
Two Night Min./ Rates Vary
www.riolasvegas.com
Link Dump
Tweet of the Day – Just because Hellmuth is halfway around the world in Australia, that doesn’t mean the internets can’t get their little taste of his wrath. Things don’t seem to be going well down under for the 13-time WSOP champion.
Busted 24th: I SO wish I wasn’t completely ANGRY now! Feeling unlucky, and running EVERY SINGLE HAND in my mind over-and-over-and-over…
Full Tilt Poker Ex-Chief to Plead Guilty – Ray Bitar, poster boy for Black Friday, reached an agreement with the US Attorney General’s office where he’ll pony up $40million but avoid any jail time as he’s in desperate need of a heart transplant. This naturally generated its own share of twitter jokes, mostly in bad taste.
WSOP.com Real Money Poker Beta – Feel like test driving the first legal poker site in the States. Things aren’t quite to the point of the real deal but WSOP is offering up the chance to beta test their software and shake out the bugs. Closer and closer.
East Falmouth man wins $10m in ‘poker’ game – The word poker is encased in well-deserved quotation marks but the headline still caught my eye. The Mass lottery created some bizarre luck of the draw, fake poker game that awarded a $10,000,000 check. You can’t win that kind of money in your local no-skill-to-win 2/4 limit game.
Bet Raise Fold: The Story of Poker – The documentary previously known as BOOM from the minds of Jay Rosenkrantz, Taylor Caby and Ryan Firpo has been renamed and the new trailer is out.
Reece Lewis £80,000 – WPTN London Main Event
Ray Dehkharghani $235,931 – 2013 Wynn Poker Classic
Ray Henson $16,128 – WSOP-C The Lodge Casino Prelim
The week has finally come to an end with a good number of gambling degenerates from the poker world glued to the television watching, betting, cursing the NCAA Men’s Basketball Tournament. It’s a fun time of year for those who like to diversify their gambling dollar but not so much for those on Twitter who only endorse messages about things which interest them.
This week saw Ray Henson win his 2nd WSOP-C ring of 2013 at a place called The Lodge in Colorado (not to be confused with the old Pokerati games at The Lodge back during the golden old days). The WSOP-C Main Event is now underway with 3 starting days and a $1,675 buy-in. Also underway is the overly-complicated PartyPoker Premier League VI in London featuring a ton of your favorite players and a super live stream with Kara Scott. The only outcome noticed so far was a bad beat on Daniel Negreanu to send him back to Vegas before the WSOP-APAC.
Link Dump
Tweet of the Day – You can’t argue with the tongue-in-cheek sentiment. So when/what/where is this Ivey Poker thing going to happen? (h/t @Kevmath)
It seems like IveyPoker and Nevada are in a race to see who can have the largest group of people doing nothing.
Highway to Hell – An interesting read about old school gambling in Texas along the Jacksboro Highway complete with stories/quotes from Doyle Brunson.
Parx Takes Lead In Monthly Poker Revenue – As an east coast boy I find this pretty shocking. When Pennsylvania began opening casinos and card rooms, everyone shrugged their shoulders saying it would have little impact on the games in AC. I guess they might have been wrong and kudos to Matt Glantz for getting Parx ahead.
Phil Ivey To Captain Team Americas in WSOP Asia-Pacific Caesars Cup – The WSOP Asia Pacific series is just a few weeks away and they’ve announced the captains for the latest effort to make the Caesars Cup something interesting. Phil Ivey (Team Americas), Sam Trickett (Team Europe), and Joe Hachem (Team Asia-Pacific) will now “draft” their teams.
Vertical Rush from PokerStars.com – I’m not exactly sure what I’m watching in this video other than it’s a bunch of people running up 42 floors of some building in London, includes Liv Boeree, and appears to have been recorded using mid-1990’s video technology.
Crap. Free hotel room on the Las Vegas Strip, and I left my bathing suit at home.
The Wynn Classic wraps up, and so does Erick Lindgren’s brief flirtation with redemption. (LOL-ouch on the bubble.) Likewise, Multi Action Poker is out @AriaPoker (like we knew it would be) but Phil Ivey is in — making a not-so-regular stop to play behind his namesake glass walls. Meanwhile, as Nevadans, we begin to think about playing online again, starting with some online satellite freerolls at GoldenNuggetPoker.com … while Dave enjoys a free room at Bally’s — a nice perk for a man hoping to hit it with a bad beat jackpot!
Over @CLVPoker, Hoops and Hold’em is underway; Andrew laments that the one tournament he won has been discontinued. While there may or may not be an upside to being forcibly undefeated, seriously, how-TF do you remove a heads-up bracket tourney from a seasonal series created around March Madness?
Semi-related … can you believe it’s almost pool season?
All that and more in another jam-packed, rip-roarin’ episode of every Vegas local’s favoritisimo new podcast …
Was just checking the GPI … with particular interest in the standings for American Player of the Year … you know, Election Day. Actually I was curious to see, among other things, what kind of impact a WSOP main event had on player rankings. (Greg Merson moved up.)
But what stood out to me were the poker teams … and the presence of newcomer IveyPoker.
Long gone are the days of Full Tilt and PokerStars commandeering the WSOP main event final table. But will an online site bearing the name of the 11th best American this year be able to step in and successfully fill the Full Tilt void for US players?
Greg Raymer $121,973 – HPT River City Casino
Mike Watson €1,000,000 – Majestic Super High Roller
Ludovic Lacay €744,910 – EPT Sanremo Main Event
Benny Spindler €253,000 – EPT Sanremo High Roller
Ludovic Lacay has been known as one of the best European players and now has a major championship to his credit after winning the EPT Sanremo Main Event. The French professional had booked over $2,000,000 in career earnings before this series but was having an admittedly bad run in recent months. The event drew a tough field by attracting many top pros to the casino on the Mediterranean coast and Lacay picked up €744,910 ($961,807) for outlasting them all.
Side note: Is the town spelled Sanremo or San Remo or Sanrœmu. All very confusing and PokerStarsBlog.com didn’t help my muddled brain. Back to your regularly schedule blathering.
Completely made up Phil Ivey quote: “I am deeply disappointed and embarrassed that Crockford Casino players have not been paid money they are owed. I am not playing in the World Series of Punto Banco as I do not believe it is fair that I compete when others cannot. I am doing everything I can to seek a solution to the problem as quickly as possible.”
Link Dump
Tweet of the Day – Negreanu can’t go 5 minutes without finding himself in the middle of something. This time it was a blog post from Haralabos Voulgaris (linked below) calling out “Kid” Poker for his less then enthusiastic response to Erick Lindren being a deadbeat, broke dick. Negreanu earns another Deflection Badge of Honor.
People are empathetic to drug addicts, but consider gambling addicts fools/deadbeats. Studies show gambling is a similar illness for some.
Heroes and Villains in Poker – Voulgaris lays it out on the table about Full Tilt Poker, Black Friday, Erick Lindgren, and Negreanu’s soft touch with his friend’s situation. Some more big numbers thrown around and it makes you wonder what a lot of these guys in deep are leaving off.
Full Tilt Poker Receives Isle of Man Operating License – It looks like one of the last hurdles to the new/improved/non-thieving Full Tilt Poker has been cleared with the company being granted their operating license. Plans are for a launch on November 6 and wasting no time by jumping into a new FTOPS series on December 2nd.
New Entourage-Style Show Based on Poker Circuit – Matt Salsberg, winner of the WPT Grand Prix de Paris, will be using his Hollywood skills to create a poker-related poker show. The brains behind Entourage and Weeds also spoke with our friends at PokerListing about results, movies, and Black Friday.
FeltStars Leaves Online Poker – Another poker site hits the bricks as FeltStars shutters operations on the Merge Network. For those few who still trust their money on U.S. facing poker sites, it’s another hit to their game. There were quite a few top name players signed on as FeltStar pros including Matt Brady, David “Devilfish” Ulliot, and Ylon Schwartz.
The Final Table – Episode 1 – Looks like there will be a nice series of online episodes as Russell Thomas prepares for the 2012 WSOP Main Event final table with coach Jason Somerville and a cast of characters including “Friend of Pokerati” B.J. Nemeth.
Huddle close comrades. I come to you this week from a small apartment bunker deep within Russian territory. There are Muscovites on all sides. So far at least two people have asked me for directions in a language I didn’t understand. It was harrowing. Meanwhile it’s been a busy old time for poker news, so strap on your ushanka, down a bowl of borshch and join me for this week’s roundup.
Hellmuth Conquers Europe
The Poker Brat confirmed that this week that he is back among the game’s elite by taking down his 13th bracelet in the WSOPE Main Event. By his own admission, Phil was caught up in his own travelling carnival during 2009 and 2010, but after a period of self-reflection his skills on the felt appear to be back in full bloom. [Poker News]
Bodog Abandons Europe
The wheels are not so much coming off Bodog Poker’s European operation as they are careening over a cliff as the car does somersaults on the asphalt. Its last remaining bastion – Bodog.co.uk – has now officially closed its doors to poker customers, focussing instead on casino games. The company are moving on the relatively underexploited Asian market. [OnlinePoker.net]
Italy is in Europe
Italy was one of the first European nations to enact a regime of tight intranational online poker regulations. While early signs were positive, recent financial figures raise fears about the future for other isolationist licensing systems. Gaming revenues have fallen over 40% since January of this year, with the decline chalked up to a very limited player pool and high taxes. [PokerFuse]
Full Tilt’s New Island Home
Full Tilt’s rebirth is another contraction closer as they are granted a license by the Isle of Man, a short hop around the UK from their old home on Alderney. It is my considered opinion that a very large factor in ensuring that PokerStars emerged so positively from Black Friday was down to their license in the Isle of Man. Specifically the clause that requires licensees to keep a segregated fund equal to player deposits. [BBC]
Hansen on Board
Full Tilt built their reputation on having the biggest and most star-studded stable of pro players and while those pros mostly fled the paddock after Black Friday, at least one will be returning. Gus Hansen has been unveiled as Full Tilt’s primary brand ambassador. The Dane was long associated with the old site and has declared that he is “coming home.” [Gambling Kingz]
High Stakes Intrigue in The Big Smoke
A notorious high roller enters London’s oldest casino with a mysterious Asian beauty on his arm. He sits in a private room and wins $11.7 million, but the house won’t pay. Turns out his date has a chequered past and the British Gambling Commission are called in to investigate. No, not James Bond; Phil Ivey. [CNN]
And with that I’m off to take refuge. There’s this colourful fort in the centre of town that looks pretty safe, I think I’ll start there.
Yorane Kerignard $182,292 – World Poker Tour Malta
Daniel Chaky $40,773 – WSOPC Bossier City Event #4
Lance Garcia $18,449 – WSOPC Bossier City Event #5
Robin Vannucci $17,711 – WSOPC Bossier City Event #6
Jonathan Taylor $16,201 – WSOPC Bossier City Event #7
Walan Kite $16,350 – WSOPC Bossier City Event #8
Plenty of action around the poker world, both on and off the tables. This week has one new WPT winnner, a boatload of new WSOP Circuit ring owners, and a new WPT Borgata Poker Open champion at some point later today. That final table has an interesting cast of characters including Steve Brecher, David Diaz, and Tyler Patterson after fan favorite Matt Brady was eliminated on the TV table bubble after a nasty beat. They are playing for over $800,000 and a shiny trophy.
The big news is off the table as PokerNews released their 7-part interview with Howard Lederer talking about the Full Tilt implosion, Black Friday, and pointing fingers at the entire universe with barely a mention of his role in the mess. There is a lot of information to get through and it is sometimes tough to listen. The interview does not provide many new facts not known already inside the poker world but it does confirm some stories.
It also provides plenty of ammunition for those who refuse to blame everyone responsible. Lederer and Bitar deserve every ounce of venom spewed their way (except for the death threats, those are childish/dangerous) but there is a set of people unwilling to spread it around. Phil Ivey and his ridiculous lawsuit. The list of people who gladly took massive “loans” against the player funds. The board members who didn’t immediately remove Bitar the moment they realized the mess they were in. They all deserve to be put on blast.
Two legends speak out in support of “Sailor” Roberts’ nomination for Poker Hall of Fame – (All caps title rewritten to save mine eyes) Nolan Dalla has been pumping out all kinds of top notch content since relaunching his website covering everything from politics to poker to sports. This time around he gets the opinion of Doyle Brunson and Crandell Addington about why Brian “Sailor” Roberts should be inducted this year.
Canadian man pleads guilty to conspiracy and gambling charges in NY Internet poker crackdown – Another one of those indicted on Black Friday will be heading off to lovely white collar prison when former Full Tilt payment processor Nelson Burtnick plead guilty to conspiracy and gambling charges. What do you mean it’s illegal to make gambling transactions look like something other than gambling transactions?
Phil Galfond Sues For Share Of Bluefire Poker Profits – I’ve often wondered what kind of traffic/business/signups these training sites pulled in and now we may have a little insight. Galfond was part of the Bluefire startup and made ~$400k over the first two years and now suing for his 2011 share.
BOOM documentary blog – After a few hiccups along the way, like a little government action on 15 April 2011, it looks like those behind the documentary BOOM are about ready to release their work product. I look forward to see it when released, below is the trailer they released over a year ago, and they have submitted the documentary to the Sundance Film Festival.
Stanley Choi $6,465,560 – Macau High Stakes Challenge
Samad Razavi AUD$326,125 – APPT Melbourne Main Event
Manlio Iemina $161,234 – IPT Campione
It seems Macau might not be on the death watch just quite yet, at least as far as big ticket poker tournaments. An impressive 73 players put up HK$2,000,000 (US$260,000) to play in the Macau High Stakes Challenge at the StarWorld Hotel & Casino. 21 of those players event decided to take advantage of the re-entry option after busting out.
The field was full of rockstars like Erik Seidel, Joe Hachem, Tom Dwan, and Gus Hansen with a final table featuring Phil Ivey, John Juanda, and Sam Trickett. From all reports, the structure for this huge buy-in event played out much like a micro-grinding tournament. Plenty of action and it didn’t take long to find a winner. Not much is published about the victor, Stanley Choi, but we do know he picked up HK$50,149,000 (US$6,465,746) and has his first entry in The Hendon Mob database.
Link Dump
Tweet of the Day – Is Matt Glantz skirting the policies of PokerStars and the ol’ United States of America by sneaking in the WCOOP via internet trickery? According to my double-blind, super-secret contacts within the Stars world, this was just a badly played Twitter joke. Perhaps the poker world should convene a Standards & Conduct Meeting to investigate.
Viktor Blom: The Man, The Myth, The Legend – It’s rare that you will see one top player write/comment in depth about another top player, but that’s exactly what Phil Galfond did on his site when talking about the mythical “Isildur1”.
Filing As a Professional Poker Player/Gambler – If you want some top tips for filling your taxes, why not get the information from a poker playing tax attorney. That’s exactly what Jamie Kerstetter supplied for the folks at CardsChat.
MICHAEL PHELPS CRUSHES Vegas Wins $100K in Poker – There’s nothing I love more than senseless capitalization or crazy punctuation, this article comes from Mensa minds of TMZ. But it’s Michael Phelps, poker, and Las Vegas so worth noting.
Be sure to check out our new sponsors at Face Up Gaming. Legal, subscription-based online poker with plenty of great prizes including cash, WSOP seats, and poker trips. Sign up with Bonus Code pokerati.
Phil Ivey playing at the Galaxy/Starworld’s Poker King Club in Macau.
As the WSOP got underway in Vegas, one question kept surfacing: Where’s Tom Dwan?
Up until June 26, well into the WSOP schedule, Dwan was where he had been for the last six months: Macau. Dwan, aka durrrr. has grossed more than $2 million in tournaments, but he is best known for his cash game play at nosebleed stakes.
Before Black Friday, most of those games were online. Since then, Galaxy Entertainment’s StarWorld Hotel’s Poker King Club in Macau has been host to the highest stakes games. As reported in PokerPortal Asia, Dwan won $3.8 million on a single hand on May 8 there. In March, Sam Trickett dragged a $2 million pot in Macau.
Courting Tom Dwan — and high stakes poker players like Dwan — is important for Macau, especially in light of the data from the Chinese island gambling Mecca. Accoring to this Reuters article, VIP junket wagering contracted in June, the first time that’s happened since 2008. On June 29, AMEX Holdings, once one of the most profitable Macau junket operators, announced it may not survive the downswing.
When the junket business gets ugly in Macau, it can get gang war ugly. Last month, junket and casino operator Ng Man-sun was beaten by six men with sticks and hammers — at his own casino. Authorities are hoping it was an isolated incident and not the start of a gang war like those that plagued Macau in the 1990s.
Macau gambling revenues have slowed in recent months, missing analysts’ expectations as reported in this Reuters article. Although June’s revenues still grew 12.2%, it’s a far cry from Macau’s 42% revenue growth in 2011.
A rising tide lifts all boats. That’s the investment adage people use to describe the widespread benefit of a growing economy. In good times, even marginal companies can do well. But as renowned investor Warren Buffet noted, “It’s only when the tide goes out that you learn who’s been swimming naked.”
Las Vegas Strip revenues dipped 18% in May according to the latest Nevada State Gaming Control Board report. Up until now, Wynn and Las Vegas Sands have been able to more than offset lackluster Strip revenues with fast growing Macau profits. If the tide is receding in Macau, Wynn and LVS may be among the skinny dippers. Wynn and Las Vegas Sands are due to report their quarterly earnings on July 17 and July 23, respectively.
Last table standing in the Pavilion Room Photo: WSOP.com/Jay “WhoJedi” Newnum
It’s finally time for the money day at the WSOP Main Event. 666 players are going to be happy, the 667th player out is going to be disappointed, the 668th player is going to be crushed. It’s become a tradition to easy the pain of the player going out short of the money by giving them a buy-in to next year’s Main. This is all very nice but it really just creates another bubble for the player who bubble’s the bubble. Perhaps there will be some trickle down in the future, give that guy a hearty handshake and a case of Ripple.
All 720 remaining players on Day 4 will be sitting in the Amazon Room and things will go smoothly enough until they approach the magic number. Then the pace of play will grind down to a crawl, media will be banished to the sidelines, and players will still inexplicably stall during hand-for-hand action.
But after the field is in the money, we’ll hear a steady call of “Payout Table XXX” while the shorty survivors dump in their last few chips.
David D’Alesandro will start as the Day 4 chip leader with 1,100,000 followed by Sean Rice, Jacob Balsiger, and Leo Wolpert as the only other players over a million. Other notables near the top include Paul Volpe (820,000), Vanessa Selbst (814,000), Sorel Mizzi (738,000), Vivek Rajkumar (678,000), and Jason Somerville (637,000). WSOP has the rest o the starting Day 4 chip counts.
Interesting side note from yesterday’s action. With Ben Lamb’s elimination from the Main Event, he became the first WSOP Player of the Year to not cash in a WSOP event the year after winning the title. Lamb is a cash game lover and only played in a handful of events this summer.
Link Dump
Tweet of the Day – You just can’t make this stuff up. At least you know the producers of Millionaire aren’t recycling every question on their show.
Poker star’s divorce case fuels Nevada Supreme Court arguments – Phil Ivey is back in the news, but this time it’s the Washington Post and has nothing to do with his game at the tables. His messy divorce hit the Nevada Supreme Court this week with talk of improper campaign contributions and free speech.
Ryan Eriquezzo Wins WSOP National Championship – It’s been an interesting week for Eriquezzo, but he finished it off by capturing the WSOP National Championship in front of friends, family, and the ESPN cameras.
Biggest Hands from Week 6 – Chad Holloway takes a look at some of the biggest hands over the last week, spread across different event and various games including Terry Grimes who shipped his chips in on the last hand of the night. Right into Aces.
Nevada Gambling Revenue Sees Sharp Decline In May – Things were not all shiny in Nevada this spring as Nevada’s gaming revenue dropped a huge 10% in May based on year-over-year comparisons. Julio Rodriquez at CardPlayer has the details.
BLUFF Main Event Trivia – I’m only including this BLUFF Trivia video because I was off to the side trying to 1) make WhoJedi laugh and 2) feeding him the answers. Surprised you can’t hear me signing the Jerry Yang song in the background.
