Archive for the ‘Poker News’ Category

Phil Ivey is Back – Wins Aussie Millions $250k

Sunday, January 29th, 2012

Along with the rest of the Full Tilt Poker crew, Phil Ivey hasn’t exactly been one of the most popular figures in poker over the past eight or so months. And he probably won’t be popular again until former Full Tilt players get their money back. Even still, Ivey wasn’t letting any of this stop him from showing up to the 2012 Aussie Millions.

The man who people have been touting as the best all-around poker player in the world for years not only showed up, but he made a huge impression after winning the Aussie Millions $250k Super High Roller event along with $2 million AUD. And you’d have to argue that this is the biggest poker tournament win of his career.

Now this is saying a lot for a guy who’s won a WPT title and eight WSOP bracelets. But judging from both a financial and adversity perspective, this is the most impressive win by Ivey. As for the adversity, he’s still dealing with a lot of the pressure from the Full Tilt fallout after Black Friday. In regards to the financial side of things, his largest poker tournament cash prior to this was a 2008 LA Poker Classic title ($1.6 million); he also finished seventh place in the 2009 WSOP Main Event ($1.4 million).

Moving along, this win could be construed as somewhat legendary since the final three players involved Ivey, Gus Hansen and Patrik Antonius. The latter is who Ivey dueled heads-up to complete the huge victory. One more point worth making here is that Ivey moved into second place on the all-time poker tournament winnings list with the win ($15.9 million).

Now does all of this mean we’re supposed to hail Phil Ivey and pretend like he had absolutely no involvement at all in the Full Tilt Poker mess? Not exactly, but we can at least respect his unparalleled poker abilities. Furthermore, we should also recognize that he’s not the primary villain in the FTP scandal by any means.

Joe Hachem: From PokerStars to AsianLogic

Sunday, January 22nd, 2012

2005 WSOP Main Event champion Joe Hachem definitely raised some eyebrows when he chose not to renew his sponsorship/endorsement contract with PokerStars. Seeing as how PokerStars is the world’s biggest poker site, one would think he’d have stayed put here.

Then came the rumors that the Aussie had signed on with a little known Merge Gaming Network site known as HahaPoker. This definitely got people talking because of the disparity of the move from PokerStars to HahaPoker. However, this has definitely been proven as a rumor following Hachem’s announcement that he will be signing with the AsianLogic Group.

If you’re unfamiliar with AsianLogic, they are best known for operating the Asian Poker Tour, and they also provide software services for online poker sites and other gaming entities. As for Hachem’s role within this company, he shed a little light on the subject by saying, “I am delighted to announce that I have decided to partner with a consortium comprising the AsianLogic Group and some of their contemporaries.” He added, “I will be working with the group in several areas, initially as a new ambassador for the Asian Poker Tour to further the growth of poker and to assist them with several strategic opportunities in Australia and the Asia Pacific region.”

AsianLogic’s chairman, Tom Hall, expanded on Hachem’s role with his company by saying, “Joe brings much more to the table than just his poker playing skills. His knowledge and understanding of the gaming industry both domestically and internationally will be invaluable to us going forwards.” He also said, “The Asian Poker Tour is already widely recognized as Asia’s only independent tour and we feel Joe will be able to help us expand this business. AsianLogic and its partners are also involved in a number of poker and gaming projects and Joe is helping us with some of these, particularly those in Australia and New Zealand.”

It’s no surprise that Joe Hachem would sign a sponsorship deal so quickly since he’s not only the 2005 WSOP Main Event winner, but also ninth in career poker tournament winnings with $11,342,508. Considering that almost $3.9 million of this has come away from the Main Event winnings, Hachem is definitely one of the most successful ME winners of all-time.

Epic Poker League could be in Trouble

Thursday, January 12th, 2012

If you listen to Commissioner Annie Duke, you’d think that the Epic Poker League was the greatest thing to happen to poker. But if you pay attention to recent reports by several poker news outlets, you might conclude an entirely different thought.

After all, it’s being reported that Pinnacle Entertainment is currently talking to EPL owners about buying the poker league. Popular speculation is that Jeffrey Pollack and the Palms Casino want to sell the EPL because they’re going through some major financial difficulties.

The reason why is because they have delayed their fourth event along with the championship $1 million freeroll tournament until the spring. Considering the fact that this isn’t exactly something you expect from a thriving poker organization, it’s no wonder why people are skeptical about the Epic Poker League finances.

As for their prospective buyer, Pinnacle Entertainment, they’re best known for operating several casinos throughout the United States. And they seem to be really motivated in acquiring the EPL since they’re trying to get the deal done by March.

Assuming they do indeed buy this poker tournament league, it will be interesting to see how the EPL transforms. Will all of the events suddenly revolve around the Pinnacle properties in states like Indiana, Louisiana, Missouri and Ohio? Or will they continue to be held in the same scheduled locations as what we saw this year?

Perhaps more importantly is what will happen to the TV deals and current structure of the league. Right now, 200 poker pros are invited to the EPL season events, while other players can work their way into the mix by meeting the specified requirements. However, under new ownership, this could all change if Pinnacle Entertainment doesn’t think the current model will offer future profits. We’ll have to revisit this discussion when/if Pinnacle does buy the Epic Poker League.

 

Randy “Nanonoko” Lew World Record – Impressive or Not?

Monday, January 9th, 2012

Yesterday, Randy “Nanonoko” Lew set the Guinness World Record for most online poker hands played in eight hours. He ended up playing 23,493 hands in eight hours, and made a $7.65 profit when everything was said and done. Based purely on the fact that Lew was playing 2,936 hands per hour, you’d have to say that this is a very impressive record.

Interestingly enough, there are still people in the poker community (mainly the TwoPlusTwo forum) ripping on Nanonoko’s record, and saying that it’s not impressive at all. Their main gripe is that he only beat the old record for most online poker hands played by a single hand. Furthermore, they think that his $7.65 profit isn’t anything to brag about either.

But one point worth making here is that this record wasn’t about how much money Lew could make in the eight-hour span; instead, it was only about how many poker hands he could play in the allotted amount of time. And you also have to factor in that Lew was sometimes playing up to 40 tables simultaneously, which is something few people in the world could do profitably at any level.

Now if there is one flaw in the record, it’s that Lew and others can simply reach a certain profit, and keep folding just to get hands in. However, you have to be up quite a bit of money to do this, which Lew wasn’t since he fell behind by $1,200 at one point.

Basically, the only true argument against Lew’s record is that the “how many online poker hands you can play” record is flawed to begin with. After all, playing tons of hands in a certain amount of time leads to quite a bit of sloppy play and folding. Perhaps a better record for Lew to attempt would be how much profit he could make at a certain limit while multi-tabling 24 tables.

In any case, this isn’t to criticize Nanonoko the player because he merely set out to break a record – which he did. So hats off to Lew!

John Duthie Moves foreshadow US Online Poker Regulation

Thursday, January 5th, 2012

John Duthie has become a legend within the poker community for starting up the European Poker Tour, and helping it to become one of the top three poker tournament organizations in the world. Interestingly enough though, Duthie resigned from his position as CEO of the EPT, and also chose not to renew his contract with PokerStars.

Duthie’s decision to leave the EPT especially comes as a shock because the UK native has successfully guided this company towards major TV deals and profits in his seven years with them. So what could make him leave the company he started and a lucrative deal with PokerStars? The answer is that Duthie is eyeing something even bigger in the US online poker market.

As of now, the future of US online poker is in limbo because the UIGEA is still in effect, and it’s unclear as to whether states, the federal government, or a combination of both will bring online poker games to players. However, one clear thing is that internet poker is closer than it’s ever been to being fully legalized in the US. And for someone like Duthie to leave behind big money-making jobs to chase after American opportunities has to mean something.

The 53-year-old basically said so in as many words by stating, “There are going to be some amazing opportunities coming up in 2012 and 2013 as the U.S. market prepares to open up for business once again, and I want to be available to take on new challenges, and to cement new relationships moving forward.”

We don’t know exactly what Duthie plans to do in a free online poker world over in America, but it’s got to be something big. Furthermore, you have to think that Duthie has some insider knowledge that the US is really getting close to regulating online poker on a wide scale level.

Absolute Poker $30m Tax Bill – The Final Scandal

Friday, December 30th, 2011

Absolute Poker has never been the most reputable site since they were entangled in one of the biggest poker scandals in history. An employee by the name of Allan Grimard (a.k.a. AJ Green) played under the superuser account “POTRIPPER,” and could see his opponents’ hole cards. After various complaints were lodged, the Kahnawake Gaming Commission investigated the matter, and discovered that Grimard essentially stole millions of dollars from players through seeing their hole cards.

With this little history lesson out of the way, it’s worth mentioning that Absolute’s mark on the poker world will soon come to a close because they’re reportedly ready to liquidate assets and pay players back. Now players won’t receive full payment back on their deposits since Absolute is apparently only going to deliver between 15 and 20 cents on the dollar; but it’s probably more than most players expected to get.

Speaking of liquidating their assets, it doesn’t look like Absolute will be paying the $30 million tax bill that the Norwegian government has sent their way. After a lengthy investigation done by Norway’s Tax Crimes unit, they concluded that Absolute Poker had been laundering money through the country via a holding company called Madeira Fjord.

Those who followed Absolute after Black Friday may remember Madeira Fjord because they filed bankruptcy when the poker site refused to pay them for services. And now it’s been revealed that these services included laundering money for AP when they were having trouble accepting US customer deposits.

In any case, it looks like Absolute Poker and their checkered past will soon be wiped off the map when everything is sold, and players receive fractions of what they’re owed. Furthermore, co-owner Brent Beckley is headed off to prison for 12-18 months, while colleague Scott Tom should be joining him in the near future.

Online Poker removed from Wire Act – Legal Now?

Monday, December 26th, 2011

In a surprise bit of news the other day, the US Department of Justice clarified the Wire Act of 1961, and stated that online poker is no longer considered in violation of this law.

This is a pretty big victory for online poker in the United States because the Wire Act outlaws gambling when it crosses from state to state. Seeing as how internet poker no longer falls under the Wire Act any longer, it’s not technically illegal.

Of course, it was never “illegal” for people to play online poker – except in the state of Washington – but it’s still good news that federal lawmakers no longer consider internet poker breaking the law. Instead, the only online wagering activity that the US government views as illegal now is online sports betting.

So does this mean that lawmakers are turning a blind eye towards online poker and chasing after sports betting operations instead? Absolutely not, and you can still expect the UIGEA to continue hampering US online poker until regulation and legalization is set in motion.

After all, the UIGEA prevents banks from dealing with gambling-related transactions, and this is the big reason why some poker sites have committed bank and wire fraud in order to service players. They need ways around the current laws, and unfortunately, these methods have turned out to be illegal in certain situations.

So while online poker may not fall under the Wire Act anymore, we still have a ways to go before those in the US are playing poker free and clear. With talk of regulation some time in 2012 or 2013, it may not be an eternity before the United States sees a better structure in place for online poker players. But we’ll have to wait until that day actually comes.

Jonathan Duhamel Robbery shows Trend in Poker World

Thursday, December 22nd, 2011

The poker world was shocked today to find out that 2010 WSOP Main Event champion Jonathan Duhamel had been bound, beaten and robbed at his Montreal home. According to Duhamel’s account, the robbers forced their way into his house early in the morning, then started attacking him. Eventually, they tied him up, and began hitting the poker pro repeatedly until he told them where his valuables were.

And the items they took were valuable indeed as the robbers stole Duhamel’s 2010 WSOP Main Event bracelet, along with a Rolex Submarine watch that came courtesy of PokerStars. The 24-year-old spoke about the valuable items by saying, “I won’t hide the fact that these two items have a much larger value for me than their commercial value, and I really hope we will be able to retrieve them in a near future.” Hopefully, Duhamel can eventually recover the stolen bracelet and watch since his name is on them.

Moving past the Jonathan Duhamel robbery, a bigger problem may be at stake here since the Canadian is just the latest poker pro to be the victim of a robbery. Early this year, Jennifer “Jennicide” Leigh had her room safe broken into at the 2011 WSOP. Leigh had a few thousand dollars in the safe, and suspected that it may have been an inside job by hotel staff members.

Much like Duhamel, Scott Montgomery had a scary robbery experience, but to a different degree. A knife-wielding man demanded that Montgomery empty his pockets in a Bellagio restroom; the Canadian obliged, giving the man over $2,000.

One more recent incident involved Kayvan Payman, who was robbed of €4,000 at the EPT Barcelona tournament. Apparently, Payman was leaving the bar with friends, and got ahead of them before having several Spanish thugs surround him and demand money. After being robbed, the poker pro ran back to find his friends, and they chased after the criminals. Eventually, they came upon a local restaurant, where two men not related to the robbers attacked the group with a machete and frying pan.

Fortunately, Payman and his friends weren’t seriously hurt, but the rash of poker robberies has to make a person wonder what’s behind all of these incidents. One element at play here is that poker pros often carry a lot of money around with them, which can attract the attention of thieves. Another aspect behind poker robberies is that players like to drink and party, which leads them to meeting some unsavory characters. And most robbers target people or businesses that they know. Finally, grinders do a lot of traveling, which puts them in unfamiliar cities and locations, thus increasing the chance of being robbed.

We could go on with the list of poker robberies and reasons behind them, but the bottom line is that players need to be careful with whom they associate, and also when they flash their money.

Does Phil Hellmuth know about Online Poker Legalization?

Friday, December 16th, 2011

2011 has been a very good year for Phil Hellmuth since he managed to finish second in three WSOP tournaments, and earn over $1.5 million with these three cashes alone. The only thing that seems to be missing from Hellmuth’s life right now is a good sponsorship deal. However, according to a recent Hellmuth interview, that may change along with the landscape of online poker in the United States.

Beginning with the latter, Hellmuth revealed his thoughts on online poker legalization to Short Stacked Radio by saying, “I wouldn’t be surprised if it passed before Feb. 1. I think there’s going to be the biggest explosion in poker history the minute (online poker) is legalized.”

These are certainly interesting thoughts on the matter since many people are still in the dark on how online poker legalization is faring in the US. Assuming the American government does legalize and regulate internet poker in the near future, plenty of people stand to benefit, including Hellmuth as he stated, “I happen to be in a pretty lucky position where we have had more than one discussion recently, you know, there’s some very big companies and some very big people that are starting to get ready for the legalization of online poker.”

The Poker Brat also hinted that it won’t be long before he picks up a new sponsorship deal by saying, “You may find me signing something in the next two weeks. You may find me signing with a company that no one’s ever heard of. Don’t be surprised if that happens.”

The last comment definitely raises some eyebrows because there are a number of companies that could offer Hellmuth a lucrative deal provided internet poker does happen in America. Assuming it does, you can guarantee that a number of online poker sites will be clamoring for the services of an 11-time WSOP gold bracelet winner.

High Stakes Poker Gone – Any Poker Shows Left?

Friday, December 9th, 2011

As you may already know, GSN announced that they won’t be bringing High Stakes Poker back for an eighth season. This ends the run of one of the most successful poker TV shows in history, and leaves us wondering if there’s anything left in the way of poker-related programming.

After all, this is the same year that also saw the highly-popular Poker After Dark fall by the wayside too. Both Poker After Dark and High Stakes Poker lasted seven seasons, and paved the way for other successful TV shows in the same genre.

Of course, there is ESPN’s coverage of the WSOP, which will probably always be on TV – at least for the foreseeable future; however, the WSOP isn’t a weekly program like HSP or Poker After Dark. Furthermore, there really aren’t any reoccurring poker TV shows on right now because several other ones have also been cancelled.

For instance, PokerStars Big Game was another 2011 casualty because PokerStars was busy pulling out of the US market and paying off the US Department of Justice after Black Friday. Speaking of Black Friday, it seems that this horrid day continues to have reverberations throughout the poker community – even eight months after the fact.

Following Black Friday, online poker is still in a recovery stage, and it will take something big to happen for anything to change quickly; that includes the world of poker TV shows. PokerStars would be the only sponsor capable of backing a major poker show any time soon, but they probably aren’t interested in jumping back into this world just yet. Both Party Poker and the iPoker network aren’t nearly big enough to fill the role that Full Tilt Poker did in the TV world (they single-handedly backed HSP at one point).

Long story short, it may be a while before we see any good poker TV shows that don’t include WSOP coverage.