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Online Poker News
September 27, 2006  
© 2006 Randy Saylor  

September 20: WCOOP Event #5

Poker Stars has demonstrated its unique ability to lowball guaranteed prize pools in this year’s World Championship of Online Poker (WCOOP), and Event Five, the $500+30 Limit Omaha High-Low tournament, was no exception. The prize pool reached $476,500 thanks to the 953 entrants, setting up a $103,000 first prize, and far exceeding the $300,000 guarantee.

 

The eliminations were fast and furious at the final table as the blinds were quite high. When it was finally heads-up, n47j25s started the last hand with barely four small bets. He was virtually forced all-in on a board of Q 9 7 10 . His Q 5 4 3 was out-kicked by Kwob20’s Q 6 4 2 . He needed a 5 or 3 on the river, or a 4 for the split pot. None came, and n47j25s settled for $63,851 and second place.

 

September 20: Titan Poker Announces $1 Million Freeroll

Titan Poker has announced an unusual freeroll tournament now in the qualifying stages…it is unusual not in its format but in the qualifying format. To enter the twenty-player tournament, all you need to do is make the final table of three consecutive guaranteed prize pool MTTs. The nine tournaments eligible are the six daily guaranteed tournaments, the Friday $15,000 Guaranteed, the Saturday $15,000 Guaranteed, and the Sunday $25,000 Guaranteed. Players do not need to play the tournaments consecutively to qualify, but must make the final ten of each of three consecutive MTTs they actually participate in.

 

Once twenty players have met the requirements, the tournament will be scheduled. Every participant is guaranteed at least $25,000. The prizes gradually increase until third place wins $63,000 plus a 2007 WSOP Main Event package. Second place takes $101,000 plus a WSOP package and a WPT package. First place wins $164,000 plus a WSOP package plus two WPT packages.

 

September 20: Sportingbet plc CEO Expresses Optimism in America

 

Andrew McIver, slated to become the next CEO of Sportingbet plc, told the London Financial Times that the company plans to expand its US operations despite the recent arrest of former CEO Peter Dicks, who was later released by a judge citing insufficient cause.

September 20: Harrah’s Files Suit for WSOP Brand Name

When Harrah’s Entertainment purchased Binion’s, their intention was to gain ownership of the World Series of Poker and its related intellectual property. Former IT Director for Binion’s Federico Shaiavio purchased the rights to domain name wsop.com several years ago and refuses to give up the rights to the domain name. Harrah’s claims that their patent application predates the domain registration by Shaiavio.

One possible concern is the fact that Harrah’s faces potential problems with the Nevada Gaming Commission, since wsop.com is being run as an internet gaming portal, which is contrary to rules established for Nevada gaming license holders.

September 20: Gambling Icons among America’s Richest

The recent release of the “Forbes 400” list of the richest Americans includes some influential members of the casino and online gaming businesses. For the first time in the history of the list, every one of the 400 people listed by Forbes magazines exceeds $1 Billion in net worth.

Las Vegas Casino Developer Sheldon Adelson was third on the list, with an estimated net worth of $20.5 Billion. Adelson is the principal behind the Las Vegas Sands Corporation, owners of the Venetian in Las Vegas, the Sands Macao, and the Venetian Macao (China). Adelson is on pace to surpass the $53 Billion wealth of list leader Bill Gates (Microsoft) in about six years, considering the current growth of each.

 

Steve Wynn, Las Vegas casino developer, sits 107th on the list with his personal fortune of $2.6 Billion.


Ruth Parasol and J. Russell DeLeon aren’t household names, but their online gaming business sure is. Perhaps you’ve heard of Party Poker? This husband-and-wife team has estimated net worth of $1.8 Billion each after last year’s public offering of stock in PartyGaming.

 

September 21: Shana Hiatt Wins Court Victory over WPT

 

Shana Hiatt, former hostess of the popular Travel Channel-aired World Poker Tour, won an injunction against her former employer as they sought to hold her to terms of a non-compete contract.

Hiatt was in discussions with NBC to act as on-air personality for the National Heads-Up Poker Championship and Poker After Dark. Steve Lipscomb of the WPT stepped in sometime in August 2006 to inform NBC that they intended to enforce their rights in the non-compete contract.

 

September 21: WCOOP Event #6

 

Event 6 of the Poker Stars WCOOP was a $200+15 NLHE with rebuys. Unlimited $200 rebuys were available for the first hour of the tournament. Of the 2081 entries, 2503 re-buys and 1337 add-ons were made, pushing the prize pool to $1.18 Million, just barely surpassing the $1 Million guarantee.

The final table was completed in 90 minutes after it took 12 hours to get there. When finally heads-up, aStupidDream called all-in with KJ on a KJ8 flop. The KT of austinlewis was a major underdog on the flop, but austin caught runner-runner 97 for the straight to end it and take home almost $200,000 and the WCOOP bracelet.
 


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