In this week’s episode, er, I mean last week’s … Andrew embarks on the Las Vegas Strip low-stakes Summer circuit (Rio, Venetian, Caesars Palace, Bellagio, Aria, Wynn …) only to make a valiant 0-fer run, leaving us time to discuss a caravan of high-stakes cash games sprouting up around town — it’s open-face Chinese blossoming at the Rio, Doyle popping up at the Venetian, and Doyle doing his best Deadmau5 in the Ivey Room. Meanwhile Dave takes a look at the Carnevale of Poker and the fields it draws, and we all get a chuckle out of getting so drunk at the Carnival Court that you’re banned forever from the WSOP. (Surely no one will get that drunk at the premiere party for the online poker documentary Bet Raise Fold, right?) All that and some patch bonuses available for those willing to pimp for WSOP.com, Ultimate Poker, and/or those crazy kinds at QuadJacks.
#1. Pennsylvania representative Tina Davis (finally) introduced a bill to regulate online gambling late last week. Expect more specifics to emerge this week; early word is that the license fee is $5m and the tax rate is 28%.
#2. Illinois members of the PPA just received a survey concerning PokerStars, leading one industry observer to speculate that Stars is considering buying their way into Illinois’ online gambling market. PokerStars wouldn’t need to take over a full casino to get in; electronic gaming license holders and advance deposit wagering license holders are also eligible to apply under proposed online gambling regulation in Illinois.
#3. Caesars is reportedly considering a sale of NJ property Showboat – and the eligibility to apply for a New Jersey online gambling license that goes with it. It will be interesting to follow the story (and reaction from the markets) in the coming days. Will Caesars get a premium for the online component? And, if so, will that spark the sale of more New Jersey land-based properties?
#GoodRead – Dave Behr is setting the bar with his coverage of the federal indictment that’s reached into the world of high-stakes poker.
@Follow – @CAGamingLawyer had some great Twitter coverage of the Tribal Internet Gambling legal conference in Scottsdale, Arizona last week that’s worth reviewing.
Ole Schemion €1,172,850 – Partouche Poker Tour Main Event
Chris Ferguson £87,640 – UKIPT Newcastle Main Event
Mark Edwards $107,730 – WPT Regional Jacksonville
David Benyamine €94,050 – WPT Rendez-Vous à Paris PLO
Chris Ferguson wins a poker tournament! Ridiculous use of an exclamation point (with apologies to Jess Welman) and it wasn’t the same Chris Ferguson who is currently under indictment by the Department of Justice. But it did give a small moment of humor during a time when there are few remotely chuckle-worthy things going on in the world of poker.
Chris “Not Jesus” Ferguson won the UKIPT Newcastle Main Event at the same time German Ole Schemion was busy winning the absolutely final Partouche Poker Tour Main Event. Schemion picked up €1,172,850 for his victory and defeated some of the hottest pros in the world right now including Dan Smith’s Nubs and Dan O’Brien. It was an unfortunate way to end a tour which had become a popular destination and was drawing many top players from the States.
In other news, the WSOP announced the ten finalists for the 2012 Poker Hall of Fame class. There are six new names on the list with four returning from last year in Scotty Nguyen, Jenn Harman, John Juanda, and Tom McEvoy. Two great new additions to the nomination list include a couple of top non-American players with Chris Bjorin and Thor Hansen. Ballots are being sent out to voters with results being reported at the beginning of October and the ceremony during the November Nine (refuse to call it October Nine) ceremonies.
You can check out the full list on the link above.
Link Dump
Tweet of the Day – Doyle Brunson voiced his Hall of Fame support for old time gambler Brian “Sailor” Roberts as well as Juanda, Harman, and Drache
I’m going on record, Sailor Roberts is the most deserving player on the ballot. He lost credibility at the end of his life because of drugs.
WCOOP Final Table Coverage – Since I’m writing about the out-spoken ones, QuadJacks has been getting some pretty decent traffic for their live WCOOP Final Table coverage online. There are few options for U.S. bound players to watch the World Championship of Online Poker but they are a good option.
WCOOP 2012: Inside the PokerStars Radio Studio – For a very entertaining listen during the WCOOP, you should check out PokerStars radio with the always jovial Joe Stapleton. Friend of the Pokerati Brad “Otis” Willis has a fun look behind the scenes.
No surprise, QuadJacks was all over Tuesday’s news — as the story that originally put them on the map begins to come to a close some 15 months later. They did a series of quick, YouTubeable interviews throughout the day that you can listen to all together here. Was gonna highlight just a few, but by the time it was all said and done, I listened to the whole lot of them, well-hosted by Marco doing his best Frasier Crane of Poker.
Collectively they tell quite the narrative about a dramatic day’s impact across a representative patchwork of serious players who all had some sort of stake in the outcome. And while I’m loathe to do Zac and Marco’s work for them, here’s a rundown of what I spent my yesterday listening to (in the order I listened) instead of watching the Olympics even though Michael Phelps still plays poker.
Nolan Dalla – the WSOP media director speaking off-duty as he gets on various soapboxes to express anger at key Full Tilt figures and the “conspiracy of silence” among those (poker media included) who would rather cater to the poker masses’ desire for “jackass talk.”
Steve Preiss – Wicked Chops first told us about this story several months ago, and plenty of poker idiots out there didn’t believe it for a second — calling the deal “fiction” and “fantasy” while figuring WCP musta still been on tilt after the collapse of Epic Poker, which the consummate poker-insider indie-media op also reported ahead of anyone else. Here’s what Chops saw that others didn’t as the Stars-buys-Tilt deal emerged.
Jeff Ifrah – Ray Bitar attorney celebrates a “victory” as his client awaits trial in a California mansion and is still facing the rest of his life in prison for getting rich by lying to his customers about how awesome he and Full Tilt players were. But none of that matters because all Full Tilt ever wanted to do was clean up the mess that Bitar didn’t leave behind?
The guys bring you up to speed on all things 2012 WSOP with a 2-hour conference call about a one-hour conference call outlining what to expect from the World Series in Las Vegas this summer.
Yesterday marked the anniversary of online poker’s Black Friday. Anyone who ever clicked a raise button remembers the fateful day, and many are reminiscing about how their world changed on April 15, 2011.
Here’s a best-of list of links, tweets and general brooding from over the weekend:
QuadJacks.com did a special anniversary live podcast, which included “original Black Friday audio.” Ah, the memories. http://quadjacks.com/poker-radio/
A bunch of pros, like Matt Waxman, told PokerStrategy.com that this year’s WSOP Main Event should hold steady. “It’s like so prestigious and like world renowned, you know, so everybody’s gonna just make it out cause this is the one tournament that like if you’re the guy who plays the nightly home game for 100 bucks, you’re gonna splurge your 10k just so you can play in the main event,” he said. Like riiiight. http://www.pokerstrategy.com/news/world-of-poker/Daily-Rewind-Black-Friday-Anniversary,-New-Gambling-Film,-WSOP-2012-Thoughts_58570/
Check out Wendeen Eolis’ story over at Poker Player Newspaper, the Manhattan-based poker journo who apparently isn’t gonna let the young whippersnappers at Subject:Poker and QuadJacks bastardize the reality of what’s going on in her courtside stomping grounds as this DOJ vs. old-school online poker story unfolds.
Just last week Wendeen laid out why the supposed “Tapie Deal” isn’t taking shape the way many purport (didn’t someone say FTP-Europe would be up and running by now?) … and she follows that up with a little shameless expose on PokerStars and the cloak of secrecy covering many of their operations — modus operandi she contends became the norm for a company that couldn’t at once be biggest in the world while still trying to fly beneath various legal radars.
From PPN:
Reports from current and former employees, consultants, business partners, Team Pro players, and media brought many verified vignettes that highlight the secretiveness of the company. The various accounts share a common theme; they all indicate a core value of camouflage that permeates so many of the company’s significant initiatives.
Yeesh, happy Valentine’s Day to someone!
Also extra-fascinating is a part of her story suggesting that PokerStars’ efforts to get poker declared a game of skill could be what does them in, financially, because of European tax laws.
So much to say on this latest development … which has two former “heroes” of poker on the front page of CNN for their involvement with criminal activity. About to go on QuadJacks to discuss it live.
In the meantime, and while you’re listening, here’s the DOJ press release that calls Full Tilt Poker a $440 million Ponzi scheme.
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.
We speak again to our friend Dan Pokerati Michalski about the WSOP and the recent developments with online poker as well as his conversation with Gary Johnson.
So many people on tilt these days … and while it’s kinda fun to watch certain players without patches bearing down with renewed intensity … we’re also likely to see petty poker matters bring storied pasts to the fore. Such was the case in last week’s vocal brouhaha between Men Nguyen and Dave Stann in a $1,500 Omaha Hi-Lo event, with (unsubstantiated) accusations of cheating flying, all inspired by a rather simple split pot.
Marco from QuadJacks sat with Men to discuss, and in the process of getting the Master to address those willing to publicly feed old rumors based on hearsay, we get an interesting glimpse at a venerable character in the WSOP who recently cashed for his 71st time.
Check it out … I’ve also learned how to insta-timestamp videos so you can press play right at the interesting spot.
The biggest story to come out of day 1 of the WSOP, almost fitting given the cloud of Black Friday, was that a major player within Team Full Tilt would not be playing. What we didn’t realize was that the player in question was in Phil Ivey, and that he had some very choice words for his (former?) employer Full Tilt poker. Before getting too far into things, the statement itself is below:
For many years, I have been proud to call myself a poker player. This great sport has taken me to places I only imagined going and I have been blessed with much success. It is therefore with deep regret that I believe I am compelled to release the following statement.
I am deeply disappointed and embarrassed that Full Tilt players have not been paid money they are owed. I am equally embarrassed that as a result many players cannot compete in tournaments and have suffered economic harm. I am not playing in the World Series of Poker 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.
My name and reputation have been dragged through the mud, through the inactivity and indecision of others and on behalf of all poker players I refuse to remain silent any longer. I have electronically filed a lawsuit against Tiltware related to the unsettled player accounts. As I am sure the public can imagine, this was not an easy decision for me.
I wholeheartedly refuse to accept non-action as to repayment of players funds and I am angered that people who have supported me throughout my career have been treated so poorly.
I sincerely hope this statement will ignite those capable of resolving the problems into immediate action and would like to clarify that until a solution is reached that cements the security of all players, both US and International, I will, as I have for the last six weeks, dedicate the entirety of my time and efforts to finding a solution for those who have been wronged by the painfully slow process of repayment.
I think Wicked Chops said it best in their article on the subject: Holy shit. Not only was it not expected, but the strength of the words from someone that is in that category of “legally bound not to speak” adds extra weight to it. No doubt Ivey has, as @taopauly put it in his daily recap, “titanium balls.” That said, nothing escapes radar without some further reflection and critiquing, so here goes:
All have heard by now about the constantly streaming broadcast by the Quadjacks crew … but before they existed, and perhaps giving them credibility from the get-go, the crew at Donkdown were the originators of raw poker radio. We used to never give much credence to anything live … if I couldn’t listen at my own convenience in podcast form, what was the point?
I’ll have to reassess my internet radio philosophy after the Pokerpacolypse dust settles … but in the meantime, I’m waiting in the wings now to go on the show where no one is supposed to be able to get away with any BS, but in exchange, anyone can get a say.
Should be a fun episode as some semblance of sensibility is starting to emerge. I suspect to be called out rather harshly for running an op-ed from a former UB lawyer telling people their money is presumably gone forever the day before the DOJ said they could get it back. (Clearly they’ve been reading and listening and didn’t want me to make any wagers, so thanks guys, for putting out such a statement before it was too late!)
A few interesting things have taken place since the implosion of online poker we’ve been warning you about here at Pokerati for about nine months became a reality.
We’ll save the 9/11 comparisons for later — because no one has died yet — and it’s just kinda coincidental that the DOJ has 9 charges against 11 defendants. But there seems to be a need for people to talk through these matters openly and honestly … and in kinda an organic way, the few truly independent operations (that don’t rely on Stars, Tilt, or UB for their existence) have come together to fill that void.
What began with appearances on an “EMERGENCY EPISODE!!!!” of Donkdown radio has migrated to a 24/7 live podcast put together by @AgentMarco from QuadJacks.
It’s been a rather loose-aggressive media emergence … with old-school cooperation in play. Pokerati has taken part … Tom Schneider, myself were on for the first few hours, Mark Gahagan is on now, and I’m about to rejoin to share some new information. Others that have been on have included Dutch Boyd, Scott Matusow, Micon-Brandon-and-Dandruff from Donkdown, The Maven, Kevmath, Pete the Blunt-smoker, Thomas the Rapper … as well as just regular ole online poker players sharing their stories about how a “little” government action has greatly affected their lives.
Anyhow, blah blah blah to infinity … the podcast that won’t stop is still going on — they’ve been going for 48 hours so far, with no sign of stopping, even if Marco eventually needs a nap. More than 1,000 listeners at this moment, so check out the chat room and keep it on for background music. Here’s the link:
