Saturday, November 29, 2008

JC Tran’s Dominance Continues

The ongoing PartyPoker.com Premier League tournament has seen American professional poker player JC Tran continue his great run of form by finishing in second place in the third game after winning both of the first two heats.

As a result, Vietnam-born Tran now sits at the top of the table with 26 points halfway through the competition and ten points beyond second placed Peter Eastgate, the winner of the most recent World Series of Poker (WSOP) event in Las Vegas.

Tran is also representing Team PKR at the London event and won his first heat at the expense of Eastgate before continuing his great form in the second game where he defeated Vicky Coren heads-up. Eastgate had his revenge in the third game by knocking out Tran heads-up even though the Sacramento-based player had taken an early chip lead.

“It’s going great here in London,” said Tran.

“Maybe I should move here. I was very pleased to come back in the heads-up after being a 9/1 dog but I was confident there was a way back as there was still so much play left at the table. It is a shame I couldn’t eventually win this heat but I am very happy with 26 points and topping the table.”

The PartyPoker.com Premier League series features twelve of the world’s best players competing in a unique league format. Every one of the players will play six times in the preliminary stages with the leading four progressing to a final table while the next four then battle it out in heads-up matches for the final two seats. Besides Tran, Eastgate and Coren, the field also includes Tom ‘Durrrr’ Dwan, Nenad Medic, Dave ‘Devilfish’ Ulliott, Tony Guoga, Annette Obrestad, Roland De Wolfe, Andy Black and Juha Helppi.

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Poker Gaming Act of 2009: Poker is a Game of Skill - 28th November 2008

The fight for poker around the world, in the minds of many, has boiled down to whether the game is ultimately based on skill or chance. Is luck the dominant factor in poker or is skill? In Texas, State Representative Jose Menendez has introduced House Bill 222, the Poker Gaming Act of 2009. It seeks to legalize poker within the state.

The Act begins, “All poker gaming conducted in this state and authorized by law shall be regulated and licensed under this chapter unless state or federal law specifically provides otherwise.” Moreover, it explicitly declares that poker is a game of skill and that the game is actually beneficial to society. It claims that poker “will benefit the general welfare of the people of this state by enhancing investment, development, and tourism… resulting in new jobs and additional revenue.”

As an important caveat, the Poker Gaming Act of 2009 is specifically aimed at live poker in brick and mortar casinos, not video poker or online poker. A poker regulatory body will dole out licenses and determine the maximum number of tables that each location will be able to operate. In the case of charities operating events, the Act notes, “A separate permit must be obtained for each charitable poker tournament conducted by a licensed operator.”

Under a section entitled “Mandatory Issuance of Commercial Operator’s License,” it is prescribed that licenses will be given to businesses that hold an alcohol permit or a pari-mutuel license. Federally recognized Indian tribes will also be given a permit to operate a poker room. In the case of each of the aforementioned businesses, they must file a proper application, pay applicable fees and taxes on time, and meet any other requirements that the poker commission requires.

The rules governing charitable poker tournaments are lengthy. Some of the highlights include that all proceeds must be turned over to a recognized non-profit within 30 days of the event. In addition, “The expenses of conducting the tournament deducted by a licensed operator may not exceed 30 percent of gross receipts.” Specific expenses are outlined as well and include advertising and marketing.

The costs to becoming a legal poker room in the state of Texas include both application and licensing costs. Application costs for a commercial enterprise and charitable tournament are $1,000. The application fee for a dealer is $100. Licensing fees are the same amounts, but are paid to the State every year.

Other revenue sources for Texas from poker include the blanket taxation of the industry, which is set at 18% of gross revenues. Pari-mutuel license holders are only on the hook for 16%. In the case of charitable poker tournaments, the Act prescribes, “The tax rate is five percent of the gross receipts received by a licensed poker operator.” Up to $100 buy-in tournaments are allowed and the operator may not collect a fee of more than $30.

In Menendez’s bill, poker is specifically deemed to be a game of skill, which is an important distinction in many jurisdictions to the sport being legalized. In the case involving the seizure and potential forfeiture of 141 internet gambling domain names in the Commonwealth of Kentucky, for example, Circuit Court Judge Thomas Wingate commented, “Chance, though not the only element of a game of poker, is the element which defines its essence. In the end, no matter how skillful or cunning the player, who wins and who loses is determined by the hands the players hold.” Many industry professionals would argue that components of poker such as bluffing involve winning without the best hand, which would run contrary to Wingate’s statements.

The Texas Card Players Association (TCPA) is hosting its third annual State Championship Poker Tournament at the Howard Johnson Inn in San Antonio near I-10 and Loop 410 on Sunday, November 30th. The tournament begins at 2:00pm and boasts a buy-in of $200. There is no tournament fee (rake) taken. The home page of the TCPA states, “Under current law it is unclear exactly when it is legal to play poker and when it is not. What is prosecuted in one county is not prosecuted in another county, and yet no person in Texas has ever been convicted of playing poker.” (Credit: Poker News Daily)

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60 Minutes Airs Report on Online Poker Cheaters November 30th, by Dan Cypra - 26th November 2008

Poker News Daily has confirmed that the story by CBS News program “60 Minutes” concerning the cheating scandals on Ultimate Bet and Absolute Poker will air this Sunday, November 30th. The story serves as the finale of a four month-long investigation by 60 Minutes as well as Washington Post newspaper correspondent Gilbert Gaul. The piece is entitled “How Online Gamblers Unmasked Cheaters” and will hit the airwaves at 7:00pm ET on CBS.

A teaser video posted by 60 Minutes features an interview that correspondent Steve Kroft conducted with Todd Witteles, an online poker player who is better known as “Dan Druff.” Witteles commented on the Absolute Poker scandal, “This GRAYCAT person was new and at first he seemed like a live one. He seemed terrible. He was raising just really, really bad hands against very good hands. He seemed to play crazy. He seemed like he was giving his money away, except the only thing was, he wasn’t losing.” Witteles explained why the run-in with GRAYCAT on Absolute Poker was out of the ordinary: “He was playing in a style that was sure to lose, but he was killing the game day after day.”

The teaser video explains that Graycat was winning at 15 standard deviations above the mean, “which was approximately equivalent to winning a one in a million jackpot six consecutive times.” The POTRIPPER account was the proverbial stone that broke the camel’s back, making a famous 10-high call against Marco “CrazyMarco” Johnson in a $1,000 tournament in September of 2007. Observing POTRIPPER in action was Absolute Poker user number 363, which was later traced back to the company’s headquarters in Costa Rica.

The Kahnawake Gaming Commission released the following statement about the cheating scandal that plagued Ultimate Bet, which is owned by the same parent company as Absolute Poker: “The Commission found clear and convincing evidence to support the conclusion that between the approximate dates of May 2004 to January 2008, Russell Hamilton, an individual associated with Ultimate Bet’s affiliate program, was the main person responsible for and benefiting from the multiple cheating incidents.” In July, the Ultimate Bet account “sleeplesss,” which was one of the user names associated with the cheating scandal, was positively linked to a home owned by Hamilton in Las Vegas.

On Tuesday, the player bases of Ultimate Bet and Absolute Poker merged to form the CEREUS poker network. The delay in its launch may have been due to an ongoing legal battle in Canada between Tokwiro (the current ownership group of Ultimate Bet and Absolute Poker) and Excapsa (the former ownership group of UB). Tokwiro was awarded $15 million in the case, which was used to pay back players who had been affected by the cheating scandal.

In a press release from November 5th, Tokwiro COO Paul Leggett stated, “Now that the main perpetrator has been named, the settlement with the previous owners is behind us, and players have received refunds, it should now be apparent that Tokwiro had no involvement in this cheating and that we have fought to correct it with every tool at our disposal.”

The other two stories slated to air on 60 Minutes this week are:

The Silver Star
Monica Brown, only the second woman to ever win the Silver Star since World War II, describes saving two wounded men during a firefight she wasn’t supposed to be near - while she was only 18 years old. Lara Logan reports.

Michael Phelps
He swam into history at the Beijing Olympics and now the 23-year-old phenom tells CNN’s Anderson Cooper what his life is like as hundreds of endorsement opportunities roll in to make this U.S. Olympic superstar a marketing millionaire.

Read the story and watch the preview video by visiting the 60 Minutes website. (Credit: Poker News Daily)

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Friday, November 28, 2008

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Thursday, November 27, 2008

APT Ambassador JC Tran Dominates PartyPoker.com Premier League

London – 26th November 2008 – Asian Poker Tour ambassador JC Tran’s excellent run at PartyPoker.com Premier League III has continued after he won his first two heats and finished runner-up in his third. JC now sits clearly at the top of the table with 26 points at the $1.25 million event for 12 elite players in London.

Tran, who is also representing team PKR, won his first heat on day one at the expense of World Champion Peter Eastgate and has continued his great form. Cheered on by a large contingent in the green room, including WSOP Main Event final table pal David ‘Chino’ Rheem, and ‘Poker Pack’ pals Nam Le and Quinn Do he put on other great display. When it got heads-up he held 476,000 to Vicky Coren’s 124,000 and he looked the likely winner throughout. The decisive hand saw Tran raise with A6 off-suit and pushed all-in by Coren with KK. An ace on the flop was enough to take it down.

JC’s third heat was hugely eventful. All the previous heats had seen very few eliminations in early levels but this game was different and it very quickly become a heads-up battle between JC and Peter Eastgate. The 2008 WSOP Main Event champion completely run over the field and looked to be home and dry but the blinds were only at 2,000 – 4,000. Eastgate sat with 541,000 to Tran’s 59,000, a very different scenario to when the pair met on day one when the chip counts going into the heads-up stage were more level. Remarkably, as a 9-1 underdog, Tran fought back to hold the chip lead. Eastgate, however, eventually got his revenge for his defeat at the hands of Tran on day one to pick up 10 points. Eastgate pushed all-in with K3 and was called by Tran with A7. A king on the flop was enough to seal the deal for the $9 million Dane. With 6 points from the heat, however, JC is the man to beat and holds a very comfortable lead at the top of the league table and he looks set to qualify for the deep stacked final table on Sunday.

JC said: “It’s going great here in London, maybe I should move here! I was very pleased to come back in the heads-up after being a 9-1 dog but I was confident there was a way back as there was still so much play left at the table. It is a shame I couldn’t eventually win this heat but I am very happy with 26 points and topping the table.”

PartyPoker.com Premier League III sees the buy-in elevated to $75,000 and the added money raised to $350,000, making a total prize pool of $1.25 million. The series features 12 of the world’s best players playing in a unique league format. All 12 players will play six times in the preliminary stages. The leading four players will then progress to the final table with the next four battling it out in heads-up matches for the final two seats. Phil Hellmuth leads the strongest ever line-up that includes Tom ‘Durrrr’ Dwan, JC Tran, Nenad Medic, Devilfish, Tony G, Vicky Coren, Annette Obrestad, Roland de Wolfe, Andy Black, Juha Helppi and WSOP Main Event winner Peter Eastgate.

PARTYPOKER.COM PREMIER LEAGUE III – 24th – 30th November

LEAGUE TABLE AT THE END OF HEAT FIVE ON DAY THREE

26 pts JC TRAN

16 pts PETER EASTGATE

14 pts JUHA HELPPI

14 pts VICKY COREN

12 pts TONY G

10 pts ANNETTE OBRESTAD

8 pts TOM DWAN

7 pts ANDY BLACK

6 pts ROLAND DE WOLFE

6pts NENAD MEDIC

3 pts DEVILFISH

3 pts PHIL HELLMUTH

ABOUT ASIAN POKER TOUR (APT)

The Asian Poker Tour (APT) is Asia ’s biggest and original poker tour. The Tour was recently acquired by AsianLogic (AIM:ALOG). Joining the stars are players from all over the world who won seats to the event by qualifying through online satellites at www.PartyPoker.com, DafaPoker, PKR, Titan Poker, Bodog, JBet Poker, Virgin Poker, PaddyPowerPoker and Poker Trillion. www.asianpt.com

ABOUT ASIANLOGIC (ALOG)

AsianLogic is a leading online and land-based gaming company focusing on the Asia-Pacific markets. The Company is listed on the AIM market of the London Stock Exchange (AIM: ALOG). AsianLogic owns and operates eight online casino brands and two online poker rooms as well as land-based sportsbook operations through its MegaSportsWorld brand. It is a specialist in Asia-specific games such as Mahjong, Cho-Da-Di, Do-Di-Zhu and 13 Card Poker. The Company owns and operates the Asian Poker Tour. The Company also maintains a corporate advisory team specialising in the gaming sector which is an active investor in gaming-related businesses as well as providing consultancy and analytical services. AsianLogic enjoys strong commercial relationships with leading gaming providers including Playtech , ID Games and LVS. Founded as ESL in 2002, AsianLogic employs over 300 employees, the majority of whom are based in the Philippines .

World Series of Poker”® and “WSOP”® are registered trade marks of Harrah’s License Company LLC. No license, affiliation, sponsorship, or endorsement is claimed, or should be inferred from the use of these trademarks here. AsianLogic is not licensed by or otherwise affiliated with Harrah’s License Company LLC or the World Series of Poker®, in any way.

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Tuesday, November 25, 2008

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WILD TURKEY RAISES $200,000 IN CHARITY POKER TOURNAMENT, by Rebecca Harris

Wild Turkey bourbon raised more than $200,000 for the Shane Warne Foundation in the world’s largest charity poker match.

One hundred and forty Australian celebrities, sports personalities and poker professionals gathered at Melbourne’s Crown Casino last month to raise money for the foundation and to battle it out to be crowned ‘Poker Champion’.

Wild Turkey Bourbon ambassador and World Series of Poker Champion, Joe Hachem, donated $25,000 on behalf of Wild Turkey to the foundation.

“We’re proud to support our ambassador, Joe Hachem in his charitable endeavours for the Shane Warne Foundation, an organisation that enriches the lives of so many,” said Wild Turkey senior brand manager, Paul Di Vito.

Michael Chrisanthopoulos from Melbourne eventually took out the tournament and the $25,000 grand prize.

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Monday, November 24, 2008

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Sunday, November 23, 2008

Aussie Millions Returning To Crown Casino

The Aussie Millions is held each January at Crown Casino, Melbourne Australia.
The Championship includes 16 tournaments, culminating in the AUD$10,500 No Limit Holdem Main Event.

The 2009 Aussie Millions will have a guaranteed first prize of AUD$2 Million.
The Main Event will be televised by Fox Sports Net and broadcast internationally
Event Statistics

It is expected that there will be over 800 individual players in the $10,500 Buy-In No Limit Holdem Main Event in 2009

Over 2,000 individual entrants will participate in the two week series.

Over 400 international visitors are expected to attend from all over the world.
The Aussie Millions generated approximately 8,000 room nights across Melbourne in January 2007, including over 5,000 at Crown.

The Aussie Millions ranks as the sixth largest poker tournament in the world.
The 2007 Aussie Millions held the largest, ‘cash buy in’ tournament ever, with a $100,500 event attracting 20 players.

In 2009 the Aussie Millions will be home of the World’s Largest Cash Game with a AUD$1 Million Buy-in

History

The first Aussie Millions was held in 1998 with a $1,000 buy-in and $74k prize pool and 10 international participants mainly from New Zealand. Since then, the tournament has grown year on year, to now be a major event on the international poker tournament circuit, and a ‘must do’ for any serious poker player.

Main Event growth
2004 – 133 entrants, $1.33 million prize pool, first prize $426,500
2005 – 263 entrants, $2.63 million prize pool, first prize $1 million
2006 – 418 entrants, $4.18 million prize pool, first prize $1.3 million
2007 – 747 entrants, $7.47 million prize pool, first prize $1.5 million
2008 – 780 entrants, $7.80 million prize pool, first prize $1.65 million

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