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Nevada gamblers can now play real-money poker on their smartphones.
The state welcomed its third Internet poker site this week. Real Gaming will be competing in Nevada with sites run by Ultimate Poker and the World Series of Poker. Gamblers must by physically present in the state, and can only play against other people in Nevada, at least for now.
The new site is unique in that it lets players gamble on mobile devices, including smartphones and tablets.
The website is affiliated with South Point hotel-casino.
Nevada gambling regulators are expected to begin releasing revenue figures for online poker starting in March. In New Jersey, legal online poker sites reported $9.5 million in revenue last January.
Nevada gets third real-money online poker site
The state welcomed its third Internet poker site this week. Real Gaming will be competing in Nevada with sites run by Ultimate Poker and the World Series of Poker. Gamblers must by physically present in the state, and can only play against other people in Nevada, at least for now.
The new site is unique in that it lets players gamble on mobile devices, including smartphones and tablets.
The website is affiliated with South Point hotel-casino.
Nevada gambling regulators are expected to begin releasing revenue figures for online poker starting in March. In New Jersey, legal online poker sites reported $9.5 million in revenue last January.
Nevada gets third real-money online poker site
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2006/12/07
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29893
Gus Hansen has lost around $365,000 over the past month, bringing his lifetime losses on Full Tilt Poker to $16.4 million, according to HighstakesDB. That figure is an all-time low for him.
So far this year, Hansen has only had three small upticks, the rest has been soul-crushing defeat. He is in the hole more than $1.5 million on 2014, and it’s not even the end of February.
Since Full Tilt Poker relaunched in November 2012, Hansen has dropped nearly $13.2 million. Prior to the site shutting down, he was on a massive upswing of around $6 million. Reuniting with his screen name, and its accompanying account balance, has proven to be a terrible development, in some sense, for the Danish poker pro.
Hansen’s peers are crushing him, but they don’t think he is a bad player, or at least they don’t say so publicly. The consensus is that he’s just not game selecting well.
“I don’t think he is a favorite against anyone he is playing against,” Dan Cates told Card Player in a recent interview. “I think he’s a dog in almost every game he is playing in. Not everyone, but pretty close. That’s not to say that I think he is a bad player, but he is not picking his spots very well.” Cates went on to call Hansen a “smart guy” and that he could turn it around.
Limit hold’em specialist Kagome Kagome told Card Player awhile ago about how he views Hansen’s downswing: “I think Gus is a fearsome and smart player. Sometimes however he takes things a bit too lightly and starts making small mistakes.”
To give you some context on Hansen’s recent losses: He has more than double the losses of the second worst performer so far in 2014 (Brit Alex “IReadYrSoul” Millar), and more than double the losses of the second worst account in the history of online poker (noataima). His losses on the “Gus Hansen” account have been unprecedented.
It has taken him nearly 1.4 million hands to record $16.4 million in losses.
While Hansen’s career on the virtual felt has been abysmal, he is still regarded as one of the most successful live players of all-time ($9.8 million in tournament earnings).
On the flip side, Viktor “Isildur1” Blom and Ben “Bttech86” Tollerene are both up more than $1.5 million in 2014. Doug " WCGRider" Polk sits in third with $680,725.
Compared to 2013 around this time, this year has been a bit slower in terms of action.
High-Stakes Online Poker: Gus Hansen Plunges To $16.4 Million In Losses Lifetime On FTP
So far this year, Hansen has only had three small upticks, the rest has been soul-crushing defeat. He is in the hole more than $1.5 million on 2014, and it’s not even the end of February.
Since Full Tilt Poker relaunched in November 2012, Hansen has dropped nearly $13.2 million. Prior to the site shutting down, he was on a massive upswing of around $6 million. Reuniting with his screen name, and its accompanying account balance, has proven to be a terrible development, in some sense, for the Danish poker pro.
Hansen’s peers are crushing him, but they don’t think he is a bad player, or at least they don’t say so publicly. The consensus is that he’s just not game selecting well.
“I don’t think he is a favorite against anyone he is playing against,” Dan Cates told Card Player in a recent interview. “I think he’s a dog in almost every game he is playing in. Not everyone, but pretty close. That’s not to say that I think he is a bad player, but he is not picking his spots very well.” Cates went on to call Hansen a “smart guy” and that he could turn it around.
Limit hold’em specialist Kagome Kagome told Card Player awhile ago about how he views Hansen’s downswing: “I think Gus is a fearsome and smart player. Sometimes however he takes things a bit too lightly and starts making small mistakes.”
To give you some context on Hansen’s recent losses: He has more than double the losses of the second worst performer so far in 2014 (Brit Alex “IReadYrSoul” Millar), and more than double the losses of the second worst account in the history of online poker (noataima). His losses on the “Gus Hansen” account have been unprecedented.
It has taken him nearly 1.4 million hands to record $16.4 million in losses.
While Hansen’s career on the virtual felt has been abysmal, he is still regarded as one of the most successful live players of all-time ($9.8 million in tournament earnings).
On the flip side, Viktor “Isildur1” Blom and Ben “Bttech86” Tollerene are both up more than $1.5 million in 2014. Doug " WCGRider" Polk sits in third with $680,725.
Compared to 2013 around this time, this year has been a bit slower in terms of action.
High-Stakes Online Poker: Gus Hansen Plunges To $16.4 Million In Losses Lifetime On FTP
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20 February 2014
The Denmark Gambling Authority (SKAT) has revealed that gross gaming revenue in the country increased from DKK2.045 billion (€273 million/$375 million) in 2012 to DKK2.375 billion in 2013 despite a sharp fall in online poker revenue.
Full-year online poker revenue dropped from DKK220 million in 2012 to DKK195 million in 2013, but increases in all other metrics secured an overall increase in gross gaming revenue.
SKAT said that betting revenue increased from DKK1.175 billion to DKK1.385 billion, while gambling on games shifted up from DKK870 million to DKK990 million.
In the fourth quarter of 2013, through to December 31, betting increased from DKK355 million to DKK380 million year-on-year and gambling on games rose from DKK235 million to DKK260 million, mitigating a drop from DKK55 million to DKK45 million for online poker.
Gaming revenue increases in Denmark despite online poker fall | iGaming Business
The Denmark Gambling Authority (SKAT) has revealed that gross gaming revenue in the country increased from DKK2.045 billion (€273 million/$375 million) in 2012 to DKK2.375 billion in 2013 despite a sharp fall in online poker revenue.
Full-year online poker revenue dropped from DKK220 million in 2012 to DKK195 million in 2013, but increases in all other metrics secured an overall increase in gross gaming revenue.
SKAT said that betting revenue increased from DKK1.175 billion to DKK1.385 billion, while gambling on games shifted up from DKK870 million to DKK990 million.
In the fourth quarter of 2013, through to December 31, betting increased from DKK355 million to DKK380 million year-on-year and gambling on games rose from DKK235 million to DKK260 million, mitigating a drop from DKK55 million to DKK45 million for online poker.
Gaming revenue increases in Denmark despite online poker fall | iGaming Business
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Eastern European countries are now the new jurisdiction that online gambling operators are going for. Bulgaria is one such domain that PokerStars considered the world’s largest poker room is about to participate in. PokerStars is the first online poker provider to receive a license to operate in that country.
Bulgaria’s State Commission on Gambling has granted the Rational Group PokerStars parent firm the opportunity to take advantage of the growing market there. A communication from the PokerStars web page explained, “The Gambling Commission’s decision to award PokerStars a license underscores the company’s commitment to be among the first companies to enter regulated markets when licenses become available.”
Head of Corporate Communications for PokerStars, Eric Hollreiser said, “Bulgaria is full of promise,” Hollreiser continued, . “Poker is extremely popular in the country and recently we have seen some notable results from Bulgarian players including Dimitar Danchev, who won the 2013 PokerStars Caribbean Adventure Main Event for $1,859,000. We are delighted with today’s news and we are looking forward to work with the Gambling Commission so that we can launch as soon as possible.”
The PokerStars Bulgarian license gives the poker room a monopoly in that jurisdiction it being the only one with the approval to offer online poker. Poker Stars has a variety of other jurisdictions in Europe that are well attended including the Italian Spanish and French jurisdictions as well as others in Europe such as Germany, Malta, Denmark, Belgium, Estonia, and the Isle of Man.
Bulgaria’s State Commission on Gambling also updated its blacklist, of sites to which internet service providers are required to block access. Although PokerStars-com is aslo on that black list palyers will now have the opportunity to play online poker at the licensed Bulgarian PokerStars site which allows the player to join in with international players at the main PokerStars-com location.
Online Poker From PokerStars Now Legal in Bulgaria | Online-Casinos-com
Bulgaria’s State Commission on Gambling has granted the Rational Group PokerStars parent firm the opportunity to take advantage of the growing market there. A communication from the PokerStars web page explained, “The Gambling Commission’s decision to award PokerStars a license underscores the company’s commitment to be among the first companies to enter regulated markets when licenses become available.”
Head of Corporate Communications for PokerStars, Eric Hollreiser said, “Bulgaria is full of promise,” Hollreiser continued, . “Poker is extremely popular in the country and recently we have seen some notable results from Bulgarian players including Dimitar Danchev, who won the 2013 PokerStars Caribbean Adventure Main Event for $1,859,000. We are delighted with today’s news and we are looking forward to work with the Gambling Commission so that we can launch as soon as possible.”
The PokerStars Bulgarian license gives the poker room a monopoly in that jurisdiction it being the only one with the approval to offer online poker. Poker Stars has a variety of other jurisdictions in Europe that are well attended including the Italian Spanish and French jurisdictions as well as others in Europe such as Germany, Malta, Denmark, Belgium, Estonia, and the Isle of Man.
Bulgaria’s State Commission on Gambling also updated its blacklist, of sites to which internet service providers are required to block access. Although PokerStars-com is aslo on that black list palyers will now have the opportunity to play online poker at the licensed Bulgarian PokerStars site which allows the player to join in with international players at the main PokerStars-com location.
Online Poker From PokerStars Now Legal in Bulgaria | Online-Casinos-com
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Manne wrote:
Gus Hansen has lost around $365,000 over the past month, bringing his lifetime losses on Full Tilt Poker to $16.4 million, according to HighstakesDB. That figure is an all-time low for him.
So far this year, Hansen has only had three small upticks, the rest has been soul-crushing defeat. He is in the hole more than $1.5 million on 2014, and it’s not even the end of February.
Since Full Tilt Poker relaunched in November 2012, Hansen has dropped nearly $13.2 million. Prior to the site shutting down, he was on a massive upswing of around $6 million. Reuniting with his screen name, and its accompanying account balance, has proven to be a terrible development, in some sense, for the Danish poker pro.
Hansen’s peers are crushing him, but they don’t think he is a bad player, or at least they don’t say so publicly. The consensus is that he’s just not game selecting well.
“I don’t think he is a favorite against anyone he is playing against,” Dan Cates told Card Player in a recent interview. “I think he’s a dog in almost every game he is playing in. Not everyone, but pretty close. That’s not to say that I think he is a bad player, but he is not picking his spots very well.” Cates went on to call Hansen a “smart guy” and that he could turn it around.
Limit hold’em specialist Kagome Kagome told Card Player awhile ago about how he views Hansen’s downswing: “I think Gus is a fearsome and smart player. Sometimes however he takes things a bit too lightly and starts making small mistakes.”
To give you some context on Hansen’s recent losses: He has more than double the losses of the second worst performer so far in 2014 (Brit Alex “IReadYrSoul” Millar), and more than double the losses of the second worst account in the history of online poker (noataima). His losses on the “Gus Hansen” account have been unprecedented.
It has taken him nearly 1.4 million hands to record $16.4 million in losses.
While Hansen’s career on the virtual felt has been abysmal, he is still regarded as one of the most successful live players of all-time ($9.8 million in tournament earnings).
On the flip side, Viktor “Isildur1” Blom and Ben “Bttech86” Tollerene are both up more than $1.5 million in 2014. Doug " WCGRider" Polk sits in third with $680,725.
Compared to 2013 around this time, this year has been a bit slower in terms of action.
High-Stakes Online Poker: Gus Hansen Plunges To $16.4 Million In Losses Lifetime On FTP
If he don't start turning this around for the good he wont be around for much longer. $1,5 million down just in 2014, Cmon Gus, take a 4-day vacation to bora bora and refresh your mind you seem to need it 😁
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On the day of the session deadline for the introduction of bills, two efforts to regulate online poker in California surfaced from the legislature.
The first is effectively a re-introduction of SB 678, which was backed by the San Manuel Band of Mission Indians. The bill number is listed as SB 1366. No sponsor is identified on the bill but I assume it’s State Sen. Lou Correa (D-34), who authored SB 678.
Read the full text of SB 1366 here. Best I can tell on a quick read, it’s a dead copy of SB 678.
The second is AB 2291, introduced by Assemblyman Reggie Jones-Sawyer (D-59).
Read the full text of AB 2291 here.
AB 2291 is supported by a wide-ranging consortium of tribes, including the Agua Caliente Band of Cahuilla Indians, the Pechanga Band of Luiseño Indians, Yocha Dehe Wintun Nation, the Lytton Band of Pomo Indians, the Paskenta Band of Nomlaki Indians, the Viejas Band of Kumeyaay Indians, the Barona Band of Mission Indians and the Sycuan Band of Kumeyaay Indians.
There’s quite a bit to get through, so for now I’ll post quick summaries from the bills and save the in-depth read for later this weekend.
Summary of AB 2291
In a letter circulated to tribal leaders, the groups supporting AB 2291 described their new bill as such:
While most of the language of the bill is similar to what we circulated almost a year ago, this version intentionally leaves open controversial sections, like the so-called bad actor provisions and the number of sites per license. We did so as a demonstration of our commitment to continuing our good-faith efforts to reach tribal consensus through dialogue.
The bill is poker-only. Tribes and card rooms can receive licenses.
Per the summary, the bill:
Establishes a framework to authorize intrastate online poker.
Allows for 10-year, non-transferable licenses.
Disallows businesses from setting up what amount to online poker cafes.
Calls for full regulations within 270 days of passage.
Calls for unspecified regulatory fees.
Calls for a $5mm license fee.
Establishes the Unlawful Gambling Enforcement Fund to provide funding to shut down non-compliant entities.
Prohibits “the state from affirmatively electing to be subject to a
federal Internet gambling law, as specified, and would require the state to opt out of,
or would prohibit the state from opting into, any federal Internet gambling scheme.”
Is an urgency statute.
California Online Poker Bills Introduced At Last Legislative Minute
The first is effectively a re-introduction of SB 678, which was backed by the San Manuel Band of Mission Indians. The bill number is listed as SB 1366. No sponsor is identified on the bill but I assume it’s State Sen. Lou Correa (D-34), who authored SB 678.
Read the full text of SB 1366 here. Best I can tell on a quick read, it’s a dead copy of SB 678.
The second is AB 2291, introduced by Assemblyman Reggie Jones-Sawyer (D-59).
Read the full text of AB 2291 here.
AB 2291 is supported by a wide-ranging consortium of tribes, including the Agua Caliente Band of Cahuilla Indians, the Pechanga Band of Luiseño Indians, Yocha Dehe Wintun Nation, the Lytton Band of Pomo Indians, the Paskenta Band of Nomlaki Indians, the Viejas Band of Kumeyaay Indians, the Barona Band of Mission Indians and the Sycuan Band of Kumeyaay Indians.
There’s quite a bit to get through, so for now I’ll post quick summaries from the bills and save the in-depth read for later this weekend.
Summary of AB 2291
In a letter circulated to tribal leaders, the groups supporting AB 2291 described their new bill as such:
While most of the language of the bill is similar to what we circulated almost a year ago, this version intentionally leaves open controversial sections, like the so-called bad actor provisions and the number of sites per license. We did so as a demonstration of our commitment to continuing our good-faith efforts to reach tribal consensus through dialogue.
The bill is poker-only. Tribes and card rooms can receive licenses.
Per the summary, the bill:
Establishes a framework to authorize intrastate online poker.
Allows for 10-year, non-transferable licenses.
Disallows businesses from setting up what amount to online poker cafes.
Calls for full regulations within 270 days of passage.
Calls for unspecified regulatory fees.
Calls for a $5mm license fee.
Establishes the Unlawful Gambling Enforcement Fund to provide funding to shut down non-compliant entities.
Prohibits “the state from affirmatively electing to be subject to a
federal Internet gambling law, as specified, and would require the state to opt out of,
or would prohibit the state from opting into, any federal Internet gambling scheme.”
Is an urgency statute.
California Online Poker Bills Introduced At Last Legislative Minute
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A new federal proposal that would legalize online poker but would disallow Internet casino games may be introduced within a month or so, according to U.S. Sen. Dean Heller (R-NV).
The Nevada senator is concerned that the state-by-state proliferation of online gambling legislation that may include games such as blackjack and roulette would seriously hurt the revenue streams of land-based casinos, particularly those in his home state. Heller stated that some of the issues brought up by billionaire casino mogul Sheldon Adelson in his crusade to prevent online gambling legislation from taking hold throughout the country should be adhered to.
“I think Adelson brings up some reasonable concerns,” Heller told the Las Vegas Review-Journal. “And to have the wild wild West as an empire of gambling for the country would have some serious social implications."
Adelson formed the Coalition to Stop Internet Gambling (CSIG) and has vowed to use his deep pockets to fund the organization. One of the goals of CSIG is to overturn the 2011 DoJ ruling that re-clarified the 1961 Wire Act, permitting individual states to move forward with online poker and gambling legislation. Adelson is behind the draft of an Internet Gambling Control Act that would outlaw Internet wagering.
Heller, in tandem with U.S. Sen. Harry Reid (D-NV), also want to rewrite the Wire Act, but seek to carve out a niche for online poker while banning other casino games. Reid was previously behind the much-maligned Reid-Kyl bill in late 2012 that was never formally introduced to his legislative colleagues. That proposal was also poker-only and drew heavy criticism for being weighted toward favoring Nevada.
That mistake is being addressed this go-round, as Heller stated that he and Reid are "trying to keep it from being just a Nevada issue.” The senators from opposing political parties "are trying to look for help from members in each of our conferences to come forward with legislation" that would provide a long-term solution on the online gambling issue.
While Adelson continues in his anti-online gambling efforts, the Coalition for Consumer and Online Protection (C4COP) is fighting back. With backing from MGM, the American Gaming Association, and the Poker Players Alliance, C4COP is taking on CSIG heads-up. It appears that the battle by opposing coalition forces finally has prompted some federal lawmakers like Heller to begin taking the online poker and gambling issue a bit more seriously.
Whether a poker-only bill such as the one that Heller intends to get moving on has a decent chance of being approved is up for speculation. New Jersey has already invested considerable funds in its online gambling scheme and a number of other states have reportedly been looking seriously at following suit. Don't forget that tribal concerns will also have a say in the matter.
New Federal Online Poker Bill Being Considered | PokerUpdate
The Nevada senator is concerned that the state-by-state proliferation of online gambling legislation that may include games such as blackjack and roulette would seriously hurt the revenue streams of land-based casinos, particularly those in his home state. Heller stated that some of the issues brought up by billionaire casino mogul Sheldon Adelson in his crusade to prevent online gambling legislation from taking hold throughout the country should be adhered to.
“I think Adelson brings up some reasonable concerns,” Heller told the Las Vegas Review-Journal. “And to have the wild wild West as an empire of gambling for the country would have some serious social implications."
Adelson formed the Coalition to Stop Internet Gambling (CSIG) and has vowed to use his deep pockets to fund the organization. One of the goals of CSIG is to overturn the 2011 DoJ ruling that re-clarified the 1961 Wire Act, permitting individual states to move forward with online poker and gambling legislation. Adelson is behind the draft of an Internet Gambling Control Act that would outlaw Internet wagering.
Heller, in tandem with U.S. Sen. Harry Reid (D-NV), also want to rewrite the Wire Act, but seek to carve out a niche for online poker while banning other casino games. Reid was previously behind the much-maligned Reid-Kyl bill in late 2012 that was never formally introduced to his legislative colleagues. That proposal was also poker-only and drew heavy criticism for being weighted toward favoring Nevada.
That mistake is being addressed this go-round, as Heller stated that he and Reid are "trying to keep it from being just a Nevada issue.” The senators from opposing political parties "are trying to look for help from members in each of our conferences to come forward with legislation" that would provide a long-term solution on the online gambling issue.
While Adelson continues in his anti-online gambling efforts, the Coalition for Consumer and Online Protection (C4COP) is fighting back. With backing from MGM, the American Gaming Association, and the Poker Players Alliance, C4COP is taking on CSIG heads-up. It appears that the battle by opposing coalition forces finally has prompted some federal lawmakers like Heller to begin taking the online poker and gambling issue a bit more seriously.
Whether a poker-only bill such as the one that Heller intends to get moving on has a decent chance of being approved is up for speculation. New Jersey has already invested considerable funds in its online gambling scheme and a number of other states have reportedly been looking seriously at following suit. Don't forget that tribal concerns will also have a say in the matter.
New Federal Online Poker Bill Being Considered | PokerUpdate
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Two different bills regarding the legislation and legalization of online poker were introduced just before the deadline to submit bills for this session of the California State legislature.
Friday afternoon saw the submission of two bills intended to make intrastate poker legal in the state of California by the end of 2014. Each bill represents the interests of a different group of California tribes, and each was submitted to a different house of the California legislature.
The first bill, SB 1366, is essentially a re-introduction of SB 678 according to OP Report. While there’s no sponsor listed for the bill, it’s likely to be State Senator Lou Correa, who was attached to SB 678 when it was first submitted a year ago. This legislation was backed by the San Manuel Band of Mission Indians in 2013, and is now labeled as the Internet Poker Consumer Protection Act of 2014.
This bill is harsh on so-called “bad actors” – any sites that took bets from US players after the implementation of the UIGEA would be permanently ineligible for a license in the state of California. It also allows for interstate agreements with other states and the possibility of being a part of any future federal online poker legislation
The other bill, AB 2291, was introduced by Assemblyman Reggie Jones-Sawyer and represents the interests of at least eight different California tribes. Licenses under this agreement would cost $5 million and be issued to tribes and card rooms operating in the state of California. Those licenses would be active for 10 years and non-transferable.
AB 2291 expressly prohibits any involvement in federal online poker legislation if it were to be enacted in the future. The language implies only an intrastate operation within California, rather than the ability to make interstate compacts, but the “bad actor” language is less harsh than its counterpart.
Both bills are “urgency statutes”, which would go into effect within a short frame of time after passage. In order for either of these pieces of legislation to get passed into law, they require a two-thirds majority in both houses of the California State legislature.
Two Online Poker Bills Introduced into California State Legislature
Friday afternoon saw the submission of two bills intended to make intrastate poker legal in the state of California by the end of 2014. Each bill represents the interests of a different group of California tribes, and each was submitted to a different house of the California legislature.
The first bill, SB 1366, is essentially a re-introduction of SB 678 according to OP Report. While there’s no sponsor listed for the bill, it’s likely to be State Senator Lou Correa, who was attached to SB 678 when it was first submitted a year ago. This legislation was backed by the San Manuel Band of Mission Indians in 2013, and is now labeled as the Internet Poker Consumer Protection Act of 2014.
This bill is harsh on so-called “bad actors” – any sites that took bets from US players after the implementation of the UIGEA would be permanently ineligible for a license in the state of California. It also allows for interstate agreements with other states and the possibility of being a part of any future federal online poker legislation
The other bill, AB 2291, was introduced by Assemblyman Reggie Jones-Sawyer and represents the interests of at least eight different California tribes. Licenses under this agreement would cost $5 million and be issued to tribes and card rooms operating in the state of California. Those licenses would be active for 10 years and non-transferable.
AB 2291 expressly prohibits any involvement in federal online poker legislation if it were to be enacted in the future. The language implies only an intrastate operation within California, rather than the ability to make interstate compacts, but the “bad actor” language is less harsh than its counterpart.
Both bills are “urgency statutes”, which would go into effect within a short frame of time after passage. In order for either of these pieces of legislation to get passed into law, they require a two-thirds majority in both houses of the California State legislature.
Two Online Poker Bills Introduced into California State Legislature
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29893
The poker boom is years past but that doesn't mean there aren't millions of dollars still flying around the world of major live poker tournaments.
Already this year 11 players have become millionaires and today we profile the top seven.
Here's our list of the top seven winners from 2014 so far:
1. Mike McDonald - $4,327,428
Canadian Mike “Timex” McDonald broke into major live tournaments when at 18 years old he became the youngest player to ever win a European Poker Tour main event.
Since then McDonald has amassed over $10 million in live tournament earnings, and has already snagged three seven-figure scores in 2014.
Timex started the year at the PokerStars Caribbean Adventure where he finished 8 at the final table of the $100k Super High Roller for $217,230, before finishing runner-up to Dominik Panka in the $10,300 PCA Main Event for a cool million - a performance that saw him coming so close to becoming the first-ever two-time EPT Champion.
He then travelled to Melbourne where he secured a further $1.3m after finishing as the runner-up in the Aussie Millions $100,000 Challenge and then finished second to Phil Ivey in the $250k Super High Roller for $1.7 million, the biggest score of his career.
2. Phil Ivey - $3,582,753
The man most agree is the best poker player that ever lived kicked things off in a big way this year with a $3.5 million payday at the Aussie Millions.
Ivey defeated Mike McDonald to win the $250k Super High Roller Challenge and even though it's his only score of 2014 it's enough to put him second on this list.
Ivey has an astounding $21.25 million in career live tournament earnings which puts him second to Antonio Esfandiari on poker's all-time money list.
3. Fabian Quoss - $2,405,791
Fabian Quoss is a member of the German Super High Roller crew that has taken over the elite tier of live tournament poker.
Quoss has over $5.7m in live tournament earnings, and makes the cut for this list after a marvellous performance at this year's PCA.
He took 26th place in the $25,500 High Roller event for $59,300 and then secured his first-ever seven figure score to date with victory in the $100,000 PCA Super High Roller for $1,629,940.
Quoss continued to the Aussie Millions where he placed fifth in the $250k Super High Roller for over $700k.
4. Dominik Panka - $1,794,594
The young Pole has come from absolutely nowhere to become one of the hottest properties in poker in 2014.
He started out the year by surprising everyone when he defeated Mike McDonald in heads-up action to take the $1.4m first prize at the $10,300 PCA Main Event.
Was the Pole a one trick wonder?
It seems not as he then went to EPT Deauville and captured the first prize of €272,000 in the €10,300 High Roller where he squared off against some of the very best players in the world.
5. Yevgeniy Timoshenko - $1,791,248
The young Ukrainian makes the list after defeating Mike McDonald in the heads-up phase of the Aussie Millions $100,000 Challenge for $1,791,248.
It was a huge event that saw 76 entries including the likes of Daniel Negreanu, and Isaac Haxton, who bought in an incredible five times each!
It was Timoshenko’s biggest score since finishing in 22 place in last year's World Series of Poker $10,000 Main Event for $285,408.
6. Vanessa Selbst - $1,400,220
With $9.6m in live tournament earnings Vanessa Selbst is the highest earning female poker player of all time. Selbst smashed that record at the 2013 PCA and this year she returned for more of the same.
Selbst finished third in both the $25,500 High Roller and $100,000 Super High Roller for over $1.3m in prize money. She decided to skip the Aussie Millions action in Melbourne for a well-timed honeymoon with her partner.
. Daniel Shak - $1,266,464
The amazing thing about Dan Shak, and his accomplishments, is he isn’t even a professional poker player.
Shak makes his millions on the stock market and views poker as nothing more than an extravagant hobby.
That didn’t stop Phil Ivey signing him up to join the team at IveyPoker and what a great investment it has been.
Shak makes the cut after finishing second in the $100,000 Super High Roller at the PCA for $1.1m and then sixth in the $25,000 Aussie Millions Challenge for $87,000.
www-mirror-co-uk/features/poker/first-seven-poker-millionaires-2014-3155466#ixzz2u8lFsQwa
Follow us: @DailyMirror on Twitter | DailyMirror on Facebook
Already this year 11 players have become millionaires and today we profile the top seven.
Here's our list of the top seven winners from 2014 so far:
1. Mike McDonald - $4,327,428
Canadian Mike “Timex” McDonald broke into major live tournaments when at 18 years old he became the youngest player to ever win a European Poker Tour main event.
Since then McDonald has amassed over $10 million in live tournament earnings, and has already snagged three seven-figure scores in 2014.
Timex started the year at the PokerStars Caribbean Adventure where he finished 8 at the final table of the $100k Super High Roller for $217,230, before finishing runner-up to Dominik Panka in the $10,300 PCA Main Event for a cool million - a performance that saw him coming so close to becoming the first-ever two-time EPT Champion.
He then travelled to Melbourne where he secured a further $1.3m after finishing as the runner-up in the Aussie Millions $100,000 Challenge and then finished second to Phil Ivey in the $250k Super High Roller for $1.7 million, the biggest score of his career.
2. Phil Ivey - $3,582,753
The man most agree is the best poker player that ever lived kicked things off in a big way this year with a $3.5 million payday at the Aussie Millions.
Ivey defeated Mike McDonald to win the $250k Super High Roller Challenge and even though it's his only score of 2014 it's enough to put him second on this list.
Ivey has an astounding $21.25 million in career live tournament earnings which puts him second to Antonio Esfandiari on poker's all-time money list.
3. Fabian Quoss - $2,405,791
Fabian Quoss is a member of the German Super High Roller crew that has taken over the elite tier of live tournament poker.
Quoss has over $5.7m in live tournament earnings, and makes the cut for this list after a marvellous performance at this year's PCA.
He took 26th place in the $25,500 High Roller event for $59,300 and then secured his first-ever seven figure score to date with victory in the $100,000 PCA Super High Roller for $1,629,940.
Quoss continued to the Aussie Millions where he placed fifth in the $250k Super High Roller for over $700k.
4. Dominik Panka - $1,794,594
The young Pole has come from absolutely nowhere to become one of the hottest properties in poker in 2014.
He started out the year by surprising everyone when he defeated Mike McDonald in heads-up action to take the $1.4m first prize at the $10,300 PCA Main Event.
Was the Pole a one trick wonder?
It seems not as he then went to EPT Deauville and captured the first prize of €272,000 in the €10,300 High Roller where he squared off against some of the very best players in the world.
5. Yevgeniy Timoshenko - $1,791,248
The young Ukrainian makes the list after defeating Mike McDonald in the heads-up phase of the Aussie Millions $100,000 Challenge for $1,791,248.
It was a huge event that saw 76 entries including the likes of Daniel Negreanu, and Isaac Haxton, who bought in an incredible five times each!
It was Timoshenko’s biggest score since finishing in 22 place in last year's World Series of Poker $10,000 Main Event for $285,408.
6. Vanessa Selbst - $1,400,220
With $9.6m in live tournament earnings Vanessa Selbst is the highest earning female poker player of all time. Selbst smashed that record at the 2013 PCA and this year she returned for more of the same.
Selbst finished third in both the $25,500 High Roller and $100,000 Super High Roller for over $1.3m in prize money. She decided to skip the Aussie Millions action in Melbourne for a well-timed honeymoon with her partner.
. Daniel Shak - $1,266,464
The amazing thing about Dan Shak, and his accomplishments, is he isn’t even a professional poker player.
Shak makes his millions on the stock market and views poker as nothing more than an extravagant hobby.
That didn’t stop Phil Ivey signing him up to join the team at IveyPoker and what a great investment it has been.
Shak makes the cut after finishing second in the $100,000 Super High Roller at the PCA for $1.1m and then sixth in the $25,000 Aussie Millions Challenge for $87,000.
www-mirror-co-uk/features/poker/first-seven-poker-millionaires-2014-3155466#ixzz2u8lFsQwa
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Two bills seeking to regulate online poker in the state of California were introduced on Friday.
Bill AB 2291, introduced in the state assembly as an urgency bill, is authored by Assemblymember Reginald Jones-Sawyer (D-59) and calls for the prohibition of online gambling outside of internet poker. The bill allows for civil penalties to be levied against those that engage in “illegal” online gaming with the proceeds to benefit an Unlawful Gambling Enforcement Fund.
Online poker regulations would need to be adopted within 270 days of the operative date of the bill. The bill also calls for California to opt out of any federal internet gambling law.
As an urgency bill, a 2/3 majority is required to pass both houses, and it would take effect immediately after being enacted into law.
Bill SB 1366, introduced in the state senate as an urgency bill, is authored by State Senator Lou Correa (D-34) and also calls for the prohibition of online gambling outside of poker. Correa’s bill calls for regulations to be adopted within 120 days of the effective date of the bill.
Correa has a long history of pushing for online poker in California. His most recent attempt was introduced in February of last year.
While legislators in California have been trying to pass internet poker into law for several years, the stakeholders in the state—including tribal interests, brick-and-mortar card rooms and the horseracing industry—have not been able to agree on an equitable share of the pie.
However, given that three states have gone live with internet poker in the last ten months, and the recent push to ban all forms of online gambling, the stakeholders in California may finally be ready to compromise.
California Revives Push for Online Poker | Pokerfuse Online Poker News
Bill AB 2291, introduced in the state assembly as an urgency bill, is authored by Assemblymember Reginald Jones-Sawyer (D-59) and calls for the prohibition of online gambling outside of internet poker. The bill allows for civil penalties to be levied against those that engage in “illegal” online gaming with the proceeds to benefit an Unlawful Gambling Enforcement Fund.
Online poker regulations would need to be adopted within 270 days of the operative date of the bill. The bill also calls for California to opt out of any federal internet gambling law.
As an urgency bill, a 2/3 majority is required to pass both houses, and it would take effect immediately after being enacted into law.
Bill SB 1366, introduced in the state senate as an urgency bill, is authored by State Senator Lou Correa (D-34) and also calls for the prohibition of online gambling outside of poker. Correa’s bill calls for regulations to be adopted within 120 days of the effective date of the bill.
Correa has a long history of pushing for online poker in California. His most recent attempt was introduced in February of last year.
While legislators in California have been trying to pass internet poker into law for several years, the stakeholders in the state—including tribal interests, brick-and-mortar card rooms and the horseracing industry—have not been able to agree on an equitable share of the pie.
However, given that three states have gone live with internet poker in the last ten months, and the recent push to ban all forms of online gambling, the stakeholders in California may finally be ready to compromise.
California Revives Push for Online Poker | Pokerfuse Online Poker News
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Pennsylvania State Rep. Mario Scavello recently announced plans to criminalize the act of playing online poker and casino games.
His proposal immediately drew the support of the Sheldon Adelson-backed Coalition to Stop Internet Gambling (CSIG).
But, according to polling conducted, by OnlinePokerReport, Scavello’s bill contradicts the will of an overwhelming majority of Pennsylvania voters.
Over 80% of state opposes Scavello’s attempt to criminalize online poker
We asked 500 individuals located in Pennsylvania the following question:
PA State Rep. Mario Scavello wants to make playing online poker a crime punishable by jail time. Do you support or oppose his position?
The vast majority - 82.2% - said that they opposed Scavello’s proposal to make playing online poker or casino games a crime in Pennsylvania.
That left only 17.8% of respondents supporting Scavello’s attempt to slap a misdemeanor charge carrying a fine – and potential jail time – on individuals who play at poker sites or casinos over the Internet. Scavello’s bill, which is currently a placeholder, would see Pennsylvania join Washington State as the only states with explicit criminal penalties for playing online poker.
To what end is unclear; to the best of my knowledge, no one has ever been charged under Washington State law for playing poker online.
Pennsylvania lawmakers are currently considering regulating some forms of online gambling. Scavello’s bill would presumably only apply to play on unregulated sites.
Polling conducted via Google Consumer Surveys. Read more about the validity of GCS polling below.
Rejection consistent across age, gender and income level
The negative reaction to Scavello’s proposal was not limited to any one demographic group:
Men and women rejected his proposal with equal frequency.
A majority of respondents from all population densities (urban, suburban, rural) rejected the proposal.
Pennsylvanians of all age groups opposed Scavello’s plan by a massive majority. The two groups that expressed the greatest opposition were 18-24 year olds (91%) and 55-64 year olds (88%).
The same trend held when you divide respondents by income bracket.
View the complete data set of the survey here (csv file).
More about Google Consumer Surveys
Google Consumer Surveys have been praised as a valid, accurate tool for sampling public opinion by everyone from Nate Silver to Pew Research.
Pennsylvanians Roundly Reject Proposal to Criminalize Online Poker
His proposal immediately drew the support of the Sheldon Adelson-backed Coalition to Stop Internet Gambling (CSIG).
But, according to polling conducted, by OnlinePokerReport, Scavello’s bill contradicts the will of an overwhelming majority of Pennsylvania voters.
Over 80% of state opposes Scavello’s attempt to criminalize online poker
We asked 500 individuals located in Pennsylvania the following question:
PA State Rep. Mario Scavello wants to make playing online poker a crime punishable by jail time. Do you support or oppose his position?
The vast majority - 82.2% - said that they opposed Scavello’s proposal to make playing online poker or casino games a crime in Pennsylvania.
That left only 17.8% of respondents supporting Scavello’s attempt to slap a misdemeanor charge carrying a fine – and potential jail time – on individuals who play at poker sites or casinos over the Internet. Scavello’s bill, which is currently a placeholder, would see Pennsylvania join Washington State as the only states with explicit criminal penalties for playing online poker.
To what end is unclear; to the best of my knowledge, no one has ever been charged under Washington State law for playing poker online.
Pennsylvania lawmakers are currently considering regulating some forms of online gambling. Scavello’s bill would presumably only apply to play on unregulated sites.
Polling conducted via Google Consumer Surveys. Read more about the validity of GCS polling below.
Rejection consistent across age, gender and income level
The negative reaction to Scavello’s proposal was not limited to any one demographic group:
Men and women rejected his proposal with equal frequency.
A majority of respondents from all population densities (urban, suburban, rural) rejected the proposal.
Pennsylvanians of all age groups opposed Scavello’s plan by a massive majority. The two groups that expressed the greatest opposition were 18-24 year olds (91%) and 55-64 year olds (88%).
The same trend held when you divide respondents by income bracket.
View the complete data set of the survey here (csv file).
More about Google Consumer Surveys
Google Consumer Surveys have been praised as a valid, accurate tool for sampling public opinion by everyone from Nate Silver to Pew Research.
Pennsylvanians Roundly Reject Proposal to Criminalize Online Poker
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Could this finally be the year? As anticipated, a pair of online poker bills were introduced to the California legislature late last week.
Assembly Bill 2291 and Senate Bill 1366 are sponsored by Rep. Reggie Jones-Sawyer and Sen. Lou Correa, respectively. Both only want online poker to be legalized.
Other forms of casino gambling on the web would be prohibited under the proposals, as lawmakers have identified poker as a game that requires a key element of skill.
California is home to the nation’s largest and most powerful tribal gaming industry ($6.78 billion), so appeasing these groups, in addition to the card rooms, has been the task of elected officials. Some sort of complex consensus would have to be realized.
Right now, legislation is calling for potential online poker licensees to have previous gambling experience in the state. Of course, they could form partnerships with firms located outside of California, but in order to be an operator you’d have to be established within the Golden State.
AB 2291 would not allow California to enter into a compact with another state to share liquidity for online poker. That’s okay for California, since it has 38 million people and sees lots of visitors. It has long been sort of assumed that California would consider going stag.
If online poker efforts are successful this year, the state could require that at least one site (likely more) is up and operational by Jan. 1, 2015.
An online gaming expert recently told Card Player that California has the best chance of legalizing web poker in 2014. This is despite it being an election year.
“If the state’s fractious but politically powerful Native American gaming industry can agree to a consensus Internet poker bill, tribal lobbyists expect that it will move quickly,” GamblingCompliance’s Chris Krafcik said. “The bill-passage deadline is August 31.”
One unfortunate development could have an impact on efforts in California. One of the state’s biggest supporters of online poker was recently convicted of voter fraud. He had spearheaded initiatives in the past and was presumed to be one of the savviest elected officials on the issue.
“In Sacramento, Senator Wright was considered the most educated lawmaker on Internet poker issues,” Krafcik said. “Some in the Legislature feel that without a politico as knowledgeable as Wright advocating on behalf of the state, whatever Internet poker bill eventually passes could lean too heavily in favor of its Native American gaming industry.”
Both measures will likely be amended as they work through the legislature.
Currently, Nevada, New Jersey and Delaware have legal and operational web gambling.
California Online Poker Bills Introduced
Assembly Bill 2291 and Senate Bill 1366 are sponsored by Rep. Reggie Jones-Sawyer and Sen. Lou Correa, respectively. Both only want online poker to be legalized.
Other forms of casino gambling on the web would be prohibited under the proposals, as lawmakers have identified poker as a game that requires a key element of skill.
California is home to the nation’s largest and most powerful tribal gaming industry ($6.78 billion), so appeasing these groups, in addition to the card rooms, has been the task of elected officials. Some sort of complex consensus would have to be realized.
Right now, legislation is calling for potential online poker licensees to have previous gambling experience in the state. Of course, they could form partnerships with firms located outside of California, but in order to be an operator you’d have to be established within the Golden State.
AB 2291 would not allow California to enter into a compact with another state to share liquidity for online poker. That’s okay for California, since it has 38 million people and sees lots of visitors. It has long been sort of assumed that California would consider going stag.
If online poker efforts are successful this year, the state could require that at least one site (likely more) is up and operational by Jan. 1, 2015.
An online gaming expert recently told Card Player that California has the best chance of legalizing web poker in 2014. This is despite it being an election year.
“If the state’s fractious but politically powerful Native American gaming industry can agree to a consensus Internet poker bill, tribal lobbyists expect that it will move quickly,” GamblingCompliance’s Chris Krafcik said. “The bill-passage deadline is August 31.”
One unfortunate development could have an impact on efforts in California. One of the state’s biggest supporters of online poker was recently convicted of voter fraud. He had spearheaded initiatives in the past and was presumed to be one of the savviest elected officials on the issue.
“In Sacramento, Senator Wright was considered the most educated lawmaker on Internet poker issues,” Krafcik said. “Some in the Legislature feel that without a politico as knowledgeable as Wright advocating on behalf of the state, whatever Internet poker bill eventually passes could lean too heavily in favor of its Native American gaming industry.”
Both measures will likely be amended as they work through the legislature.
Currently, Nevada, New Jersey and Delaware have legal and operational web gambling.
California Online Poker Bills Introduced
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Despite the Aussie Millions taking away from some of the online action over the past week or so, poker pro Viktor “Isildur1” Blom managed to add another $400,000 to his earnings on the year. He is now up around $2.2 million, according to HighstakesDB.
The 23-year-old Swede won around $500,000 last year, through some vicious swings.
This year has been a bit more consistent for him. He hasn’t really had any downswings, yet, which for him is quite the feat. Thus far, the largest pot he won at least a part of came against his frequent nemesis at the high-stakes tables on Full Tilt Poker. The following hand occurred at $400-$800 pot-limit Omaha. Though at a six-max table, it was heads-up.
Blom had the button and raised to $2,700. Ben “Bttech86” Tollerene three-bet to $8,400.
Content with keeping the pot somewhat small preflop, Blom made the call.
The flop fell QSpade Suit 9Heart Suit 7Heart Suit.
Tollerene fired $11,286, and Blom made it $50,958. Tollerene elected to put him all-in for around $72,000 more. Blom made the call, and the cards were exposed.
Blom: KHeart Suit KDiamond Suit 8Heart Suit 5Heart Suit
Tollerene: KClub Suit KSpade Suit 10Diamond Suit 8Club Suit
According to Card Player’s Omaha odds calculator, Blom wins around 36 percent of the time, Tollerene wins around 22 percent of the time, and they split around 41 percent of the time.
The players elected to run it twice, however, and the first run-out was the 7Spade Suit JClub Suit, and the second was the 3Heart Suit ASpade Suit, giving each player half of the massive pot.
For comparison, the largest pot this year was a $322,000 hand won by Haxton versus Blom.
While just 23 years of age, Blom has matured immensely over his poker career. It was just a handful of years ago when he was gambling it up with $1 million online poker pots. It took him a long time to finally get out of the hole lifetime on the software.
Nearly 900,000 hands have netted him $536,000 — excluding endorsement money, of course.
Tollerene is the second largest winner on 2014 with $1.3 million in profits. On the flip side, Gus Hansen is the largest loser with $1.3 million in losses.
A lot of the top players these days have opted out of having their results tracked by HighstakesDB. One of them is Niklas Heinecker, who was last year’s top earner. He won more than $6 million and it unfortunately remains a mystery how much he’s up or down this year.
High-Stakes Online Poker: Viktor Blom Pads Profits To $2.2 Million In 2014
The 23-year-old Swede won around $500,000 last year, through some vicious swings.
This year has been a bit more consistent for him. He hasn’t really had any downswings, yet, which for him is quite the feat. Thus far, the largest pot he won at least a part of came against his frequent nemesis at the high-stakes tables on Full Tilt Poker. The following hand occurred at $400-$800 pot-limit Omaha. Though at a six-max table, it was heads-up.
Blom had the button and raised to $2,700. Ben “Bttech86” Tollerene three-bet to $8,400.
Content with keeping the pot somewhat small preflop, Blom made the call.
The flop fell QSpade Suit 9Heart Suit 7Heart Suit.
Tollerene fired $11,286, and Blom made it $50,958. Tollerene elected to put him all-in for around $72,000 more. Blom made the call, and the cards were exposed.
Blom: KHeart Suit KDiamond Suit 8Heart Suit 5Heart Suit
Tollerene: KClub Suit KSpade Suit 10Diamond Suit 8Club Suit
According to Card Player’s Omaha odds calculator, Blom wins around 36 percent of the time, Tollerene wins around 22 percent of the time, and they split around 41 percent of the time.
The players elected to run it twice, however, and the first run-out was the 7Spade Suit JClub Suit, and the second was the 3Heart Suit ASpade Suit, giving each player half of the massive pot.
For comparison, the largest pot this year was a $322,000 hand won by Haxton versus Blom.
While just 23 years of age, Blom has matured immensely over his poker career. It was just a handful of years ago when he was gambling it up with $1 million online poker pots. It took him a long time to finally get out of the hole lifetime on the software.
Nearly 900,000 hands have netted him $536,000 — excluding endorsement money, of course.
Tollerene is the second largest winner on 2014 with $1.3 million in profits. On the flip side, Gus Hansen is the largest loser with $1.3 million in losses.
A lot of the top players these days have opted out of having their results tracked by HighstakesDB. One of them is Niklas Heinecker, who was last year’s top earner. He won more than $6 million and it unfortunately remains a mystery how much he’s up or down this year.
High-Stakes Online Poker: Viktor Blom Pads Profits To $2.2 Million In 2014
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Delaware Gov. Jack Markell and Nevada Gov. Brian Sandoval on Tuesday signed the country's first gambling compact that will allow people in both states to play online poker against each other.
The governors described the agreement as the first of its kind and said they hoped other states, like New Jersey – the only other state to have so far legalized online gambling – would join.
Unlike casino expansion, in which one state competes with another, the governors said the new opportunities could increase revenues for all states involved.
"I consider this a landmark intersection in the road of gaming history," Sandoval said at a signing ceremony in Wilmington. The deal comes as increasing competition in the region, especially in Maryland, has hurt Delaware's brick-and-mortar casinos, which historically have provided the state with a significant amount of its annual revenues.
The technology is not yet developed, so it will take some time for multistate online poker to be up and running, the governors said. But the agreement signed Tuesday gets "the legal piece" taken care of, Markell said.
The agreement with Nevada, currently limited to poker, is "a natural next step to make sure our gaming industry remains on the cutting edge," Markell said. A bigger pool of players will be more attractive to potential players, Markell said.
People would need to be physically present in either state to participate, no matter where they live, the governors said.
The Delaware Gaming Competitiveness Act of 2012 allowed for Internet gambling, as well as parlay football bets in venues outside of casinos, and the creation of a statewide Keno network. Online gambling in Delaware started in November.
The new agreement will allow people in both states to compete for the same pot of winnings, Markell said. Each state from which the players hail will keep the revenues, Sandoval said. It was unclear how much revenue the new offering is expected to generate.
Sandoval said his state's online gambling legislation was passed one year ago, 24 hours after it had been introduced, making it the fastest moving law to be approved in Nevada's history.
Democratic state Rep. Helene Keeley called it "a step in the right direction," along the line of interstate compacts in agriculture and biotechnology. She said 10 states are considering legislation for online gambling.
"This is something that is coming of age," Keeley said.
Delaware signs online poker compact with Nevada
The governors described the agreement as the first of its kind and said they hoped other states, like New Jersey – the only other state to have so far legalized online gambling – would join.
Unlike casino expansion, in which one state competes with another, the governors said the new opportunities could increase revenues for all states involved.
"I consider this a landmark intersection in the road of gaming history," Sandoval said at a signing ceremony in Wilmington. The deal comes as increasing competition in the region, especially in Maryland, has hurt Delaware's brick-and-mortar casinos, which historically have provided the state with a significant amount of its annual revenues.
The technology is not yet developed, so it will take some time for multistate online poker to be up and running, the governors said. But the agreement signed Tuesday gets "the legal piece" taken care of, Markell said.
The agreement with Nevada, currently limited to poker, is "a natural next step to make sure our gaming industry remains on the cutting edge," Markell said. A bigger pool of players will be more attractive to potential players, Markell said.
People would need to be physically present in either state to participate, no matter where they live, the governors said.
The Delaware Gaming Competitiveness Act of 2012 allowed for Internet gambling, as well as parlay football bets in venues outside of casinos, and the creation of a statewide Keno network. Online gambling in Delaware started in November.
The new agreement will allow people in both states to compete for the same pot of winnings, Markell said. Each state from which the players hail will keep the revenues, Sandoval said. It was unclear how much revenue the new offering is expected to generate.
Sandoval said his state's online gambling legislation was passed one year ago, 24 hours after it had been introduced, making it the fastest moving law to be approved in Nevada's history.
Democratic state Rep. Helene Keeley called it "a step in the right direction," along the line of interstate compacts in agriculture and biotechnology. She said 10 states are considering legislation for online gambling.
"This is something that is coming of age," Keeley said.
Delaware signs online poker compact with Nevada
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Illinois could reap nearly $200 million annually if it became the fourth state to legalize online poker, an industry advocate said Wednesday.
In comments to a Senate committee, John Pappas, executive director of the Poker Players Alliance, said legalization would not only bring more money to the state, but it would result in tighter regulations for a practice that is already underway among poker aficionados.
"Prohibition will only play into the hands of the criminal element," Pappas said.
Pappas' testimony came just a day after Nevada and Delaware signed an agreement legalizing online gaming options in both states. New Jersey already allows Internet-based gambling.
The prospect of a new stream of cash flowing into state coffers had Senate President John Cullerton saying he hopes some kind of gambling expansion package could be hammered out before the end of the spring legislative session.
The Democrat from Chicago has been prodding his colleagues to move on the issue for nearly two years.
In 2012 he called on legislative leaders and Gov. Pat Quinn to add online poker into the mix as part of the annual end-of-session horse-trading that goes on under the Statehouse dome.
On Wednesday, however, Cullerton said legalization could again be a tough sell because of opposition from casino owners and horse track operators.
"There's a lot of complications about how it affects the existing gaming industry. That seems to be where the hang up might be right now," he told reporters. But, with the state's temporary income tax expiring in the middle of the next fiscal year, Cullerton said the revenue generated by online poker could help fill an expected $1.5 billion gap.
"The other states that are just getting started are bringing in some money so that might play a role in it when we try to pass a budget," Cullerton said.
Opponents say the market for gambling is saturated.
"There are already enough opportunities for gambling in Illinois," said Anita Bedell, executive director of the Illinois Church Action on Alcohol & Addiction Problems.
Online poker could be back in the mix in Illinois
In comments to a Senate committee, John Pappas, executive director of the Poker Players Alliance, said legalization would not only bring more money to the state, but it would result in tighter regulations for a practice that is already underway among poker aficionados.
"Prohibition will only play into the hands of the criminal element," Pappas said.
Pappas' testimony came just a day after Nevada and Delaware signed an agreement legalizing online gaming options in both states. New Jersey already allows Internet-based gambling.
The prospect of a new stream of cash flowing into state coffers had Senate President John Cullerton saying he hopes some kind of gambling expansion package could be hammered out before the end of the spring legislative session.
The Democrat from Chicago has been prodding his colleagues to move on the issue for nearly two years.
In 2012 he called on legislative leaders and Gov. Pat Quinn to add online poker into the mix as part of the annual end-of-session horse-trading that goes on under the Statehouse dome.
On Wednesday, however, Cullerton said legalization could again be a tough sell because of opposition from casino owners and horse track operators.
"There's a lot of complications about how it affects the existing gaming industry. That seems to be where the hang up might be right now," he told reporters. But, with the state's temporary income tax expiring in the middle of the next fiscal year, Cullerton said the revenue generated by online poker could help fill an expected $1.5 billion gap.
"The other states that are just getting started are bringing in some money so that might play a role in it when we try to pass a budget," Cullerton said.
Opponents say the market for gambling is saturated.
"There are already enough opportunities for gambling in Illinois," said Anita Bedell, executive director of the Illinois Church Action on Alcohol & Addiction Problems.
Online poker could be back in the mix in Illinois
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The latest market statistics released by Italian regulator AAMS highlight the decline of poker in the regulated and segregated national market.
January 2014 gross wagers in poker cash games were €12.2bn, 20% lower than January 2013 and 50% lower than January 2012. Tournament revenues declined 26% compared with last year.
AAMS lists the revenues generated by each licensed network. In first place is PokerStars Italy, followed by Lottamatica and then bwin.party.
The revenue figures show that PokerStars generates 52.8% of all cash game revenues, which compares well with its 54% cash game traffic share—data from PokerScout that can be seen in the pokerfuse PRO Directory entry for Italy. Tournament revenues comprise just 16% of the total.
In Spain, a very similar market, PokerStars has a 72% market share of cash game traffic. The difference may be down to the fact that the Italian market contains a number of well known local operators, with established brands. In Spain the major gambling company, Codere, never managed to get much traction with its forays into online poker.
Italian Regulated Poker Keeps on Falling | Pokerfuse Online Poker News
January 2014 gross wagers in poker cash games were €12.2bn, 20% lower than January 2013 and 50% lower than January 2012. Tournament revenues declined 26% compared with last year.
AAMS lists the revenues generated by each licensed network. In first place is PokerStars Italy, followed by Lottamatica and then bwin.party.
The revenue figures show that PokerStars generates 52.8% of all cash game revenues, which compares well with its 54% cash game traffic share—data from PokerScout that can be seen in the pokerfuse PRO Directory entry for Italy. Tournament revenues comprise just 16% of the total.
In Spain, a very similar market, PokerStars has a 72% market share of cash game traffic. The difference may be down to the fact that the Italian market contains a number of well known local operators, with established brands. In Spain the major gambling company, Codere, never managed to get much traction with its forays into online poker.
Italian Regulated Poker Keeps on Falling | Pokerfuse Online Poker News
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Nevada and Delaware have entered an online poker compact that is at once historic and absurd. It’s historic in that, one day soon, it will allow card players to lawfully gamble across state lines using the Internet. But it’s absurd that such an arrangement is necessary to comply with a federal ban on Web gaming.
Until Congress fully legalizes interstate online poker, the only way Nevada can grow its fledgling Internet gaming industry is to partner with other states that allow Web play. On Tuesday, Nevada Gov. Brian Sandoval and Delaware Gov. Jack Markell signed the Multi-State Internet Gaming Agreement in Wilmington as a starting point. Both states want to partner with other more populous states to grow their poker player pool and governments’ take from the rake. If additional states decide to allow online gaming but do not enter an interstate agreement, their residents will not be able to gamble against players outside their borders.
As reported Wednesday by the Review-Journal’s Steve Tetreault and Howard Stutz, Nevada and Delaware now must merge their technology platforms. Once that happens, players will have to log into a casino site in their home state to join games involving players from the other state. Nevada players will be subject to Nevada gaming laws and regulations, and Delaware players will be subject to Delaware laws and regulations. The states will collect taxes based on the play of their own residents.
It’s an unnecessarily complicated arrangement that, once working, should prove to Congress that regulated interstate online poker is not a threat to the republic. After all, Americans have enjoyed nationwide online poker previously. It’s been almost three years since the Justice Department shut down thriving Internet poker sites to “protect” the people who loved playing there. A return to that time, subject to one set of rules (preferably mirroring Nevada’s industry-leading standards), is long overdue.
In the meantime, thanks to Gov. Sandoval, Gov. Markell and Nevada’s online poker operators for pressing the issue and not waiting for Washington to act.
EDITORIAL: Online poker compact | Las Vegas Review-Journal
Until Congress fully legalizes interstate online poker, the only way Nevada can grow its fledgling Internet gaming industry is to partner with other states that allow Web play. On Tuesday, Nevada Gov. Brian Sandoval and Delaware Gov. Jack Markell signed the Multi-State Internet Gaming Agreement in Wilmington as a starting point. Both states want to partner with other more populous states to grow their poker player pool and governments’ take from the rake. If additional states decide to allow online gaming but do not enter an interstate agreement, their residents will not be able to gamble against players outside their borders.
As reported Wednesday by the Review-Journal’s Steve Tetreault and Howard Stutz, Nevada and Delaware now must merge their technology platforms. Once that happens, players will have to log into a casino site in their home state to join games involving players from the other state. Nevada players will be subject to Nevada gaming laws and regulations, and Delaware players will be subject to Delaware laws and regulations. The states will collect taxes based on the play of their own residents.
It’s an unnecessarily complicated arrangement that, once working, should prove to Congress that regulated interstate online poker is not a threat to the republic. After all, Americans have enjoyed nationwide online poker previously. It’s been almost three years since the Justice Department shut down thriving Internet poker sites to “protect” the people who loved playing there. A return to that time, subject to one set of rules (preferably mirroring Nevada’s industry-leading standards), is long overdue.
In the meantime, thanks to Gov. Sandoval, Gov. Markell and Nevada’s online poker operators for pressing the issue and not waiting for Washington to act.
EDITORIAL: Online poker compact | Las Vegas Review-Journal
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The Autonomous Administration of the State Monopolies (AAMS) Italian gaming authority has reported that the country’s regulated online poker market is continuing to decline.
According to the Pokerfuse-com website, wagers in poker cash games during January 2014 grossed €12.2 billion ($16.7 billion), a drop of 20% on the previous year and a fall of 50% on January 2012.
In addition, tournament revenues also declined by 26% in comparison with January 2013.
Pokerstars Italy remains the most successful operator in the country as it generates 52.8% of all cash game revenue. It also holds a 54% share of cash game traffic.
Italian regulated online poker market continues to suffer | iGaming Business
According to the Pokerfuse-com website, wagers in poker cash games during January 2014 grossed €12.2 billion ($16.7 billion), a drop of 20% on the previous year and a fall of 50% on January 2012.
In addition, tournament revenues also declined by 26% in comparison with January 2013.
Pokerstars Italy remains the most successful operator in the country as it generates 52.8% of all cash game revenue. It also holds a 54% share of cash game traffic.
Italian regulated online poker market continues to suffer | iGaming Business
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2006/12/07
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If someone asked me what it takes to succeed in tournament poker, I wouldn't hesitate to say patience. As a tournament reporter, I can't tell you how many times I've seen someone flirt with elimination only to turn their luck around and emerge victorious.
A perfect example of this happened in January at the 2014 PokerStars Caribbean Adventure (PCA) $100,000 Super High Roller, a tournament at the Atlantis resort in the Bahamas that attracted 56 entries and created a prize pool of just over $5.4 million. On the third day of play, Antonio Esfandiari, the winner of the 2012 World Series of Poker $1 million buy-in "Big One for One Drop," was eliminated in fourth place, which left just three players in contention: Vanessa Selbst (with about 6.4 million in chips), Dan Shak (5.7 million), and Fabian Quoss (1.9 million).
With the blinds at 40,000-80,000 with a 10,000 ante, Selbst held the chip lead with a stack of nearly 80 big blinds, Shak had 72 big blinds, and Quoss 24 big blinds. Quoss, a young player from Germany, was sitting on the short stack, but in poker you're really not short unless you're sitting on a stack of 10 big blinds or less. Quoss knew this, but instead of panicking, he kept his composure and refused to give up. The one time he did get his chips in bad, lady luck smiled upon him.
It happened on Level 22 (60,000-120,000 with a 20,000 ante), when Shak opened for 300,000 from the button and Quoss opted to move all in for about 1.5 million from the small blind. Selbst folded from the big blind, and Shak called with the Ac Ah. Quoss tabled Kc Jd and was in dire straits. The 7h Jc 10c flop gave Quoss a pair of jacks, but he needed even more to survive.
"Queen of something?" he asked. Sure enough, the dealer burned and turned the Qh. Now, Quoss had an open-ended straight draw to go with his pair, and wouldn't you know it, the 9c spiked on the river to give him a nine-to-king straight.
Quoss got lucky. Or, to put it another way, he made the wrong move at the right time.
The three-handed battle continued for three more hours, and in a cruel twist of fate, Selbst, who was once the chip leader, fell in third place for $760,640. After a dinner break, Quoss finished off Shak to capture the title and a first-place prize of $1,629,940.
For the entire time that he was sitting on the short stack, Quoss conducted himself like a true professional. He refused to give up, remained patient and did his best to pick his spots carefully. The one time he picked a bad spot (the aforementioned hand), he got lucky. It happens.
Of course, patience in poker doesn't always lead to a comeback when you're sitting on a short stack, but waiting for something good to happen will usually prove more productive than trying to force things. Remember: If you want to find out what the next hand will bring, you have to stick around long enough to find out.
On poker: With patience, luck can change - San Jose Mercury News
A perfect example of this happened in January at the 2014 PokerStars Caribbean Adventure (PCA) $100,000 Super High Roller, a tournament at the Atlantis resort in the Bahamas that attracted 56 entries and created a prize pool of just over $5.4 million. On the third day of play, Antonio Esfandiari, the winner of the 2012 World Series of Poker $1 million buy-in "Big One for One Drop," was eliminated in fourth place, which left just three players in contention: Vanessa Selbst (with about 6.4 million in chips), Dan Shak (5.7 million), and Fabian Quoss (1.9 million).
With the blinds at 40,000-80,000 with a 10,000 ante, Selbst held the chip lead with a stack of nearly 80 big blinds, Shak had 72 big blinds, and Quoss 24 big blinds. Quoss, a young player from Germany, was sitting on the short stack, but in poker you're really not short unless you're sitting on a stack of 10 big blinds or less. Quoss knew this, but instead of panicking, he kept his composure and refused to give up. The one time he did get his chips in bad, lady luck smiled upon him.
It happened on Level 22 (60,000-120,000 with a 20,000 ante), when Shak opened for 300,000 from the button and Quoss opted to move all in for about 1.5 million from the small blind. Selbst folded from the big blind, and Shak called with the Ac Ah. Quoss tabled Kc Jd and was in dire straits. The 7h Jc 10c flop gave Quoss a pair of jacks, but he needed even more to survive.
"Queen of something?" he asked. Sure enough, the dealer burned and turned the Qh. Now, Quoss had an open-ended straight draw to go with his pair, and wouldn't you know it, the 9c spiked on the river to give him a nine-to-king straight.
Quoss got lucky. Or, to put it another way, he made the wrong move at the right time.
The three-handed battle continued for three more hours, and in a cruel twist of fate, Selbst, who was once the chip leader, fell in third place for $760,640. After a dinner break, Quoss finished off Shak to capture the title and a first-place prize of $1,629,940.
For the entire time that he was sitting on the short stack, Quoss conducted himself like a true professional. He refused to give up, remained patient and did his best to pick his spots carefully. The one time he picked a bad spot (the aforementioned hand), he got lucky. It happens.
Of course, patience in poker doesn't always lead to a comeback when you're sitting on a short stack, but waiting for something good to happen will usually prove more productive than trying to force things. Remember: If you want to find out what the next hand will bring, you have to stick around long enough to find out.
On poker: With patience, luck can change - San Jose Mercury News
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In his order dismissing the case, U.S. District Judge James C. Mahan said Chad Elie's allegations that Ifrah and his law firm misled Elie about the legality of his conduct directly contradicted Elie's sworn statement that he acted on his own and without the advice of counsel....