Wednesday, October 14, 2009

PartyGaming Stock Reaches High, by Greg Tingle - 14th October 2009

PartyGaming stock reached a high this past Tuesday on the London Stock Exchange. The company's stock hit its highest point since May, closing at $278.70.

The high point of the year for PartyGaming stock was reached on 6th May where it went to $283.

PartyGaming pulled out of the United States online gambling market after the Unlawful Internet Gambling Enforcement Act was put in place.

The company did purchase World Poker Tour (WTP Enterprises) via its Peerless Media Ltd arm last August for 12.3 million, and the World Poker Tour website does accept U.S customers. PartyGaming also purchased Cashcade last July for £71.9m in cash.

PartyCasino.com is a major focus of the company and they are currently experiencing substantial growth and revenues with the brand, and are regularly adding Hollywood themed slot games to the portfolio, many of which come from Paramount Pictures and StudioCanal.

The Australian / Asia Pacific and French regions are currently presenting PartyGaming with a number of promising opportunities, a number of which are also relevant to Party's premium betting brand, PartyBets.com

PartyGaming is based in Gibraltar and is widely regarded as the world's leading igaming company.

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Titan Poker gears up for ECOOP V

13th October 2009

LONDON, England -- (PRESS RELEASE) -- Avid online poker players from around the world are seeking their seats at the fifth installment of TitanPoker.com's popular 14-day, $4.55 Million Guaranteed European Championship of Online Poker (ECOOP V), which will be staged starting November 23, 2009.

Qualifying satellite tournaments for the ECOOP V events are being staged daily at Titan Poker. The ECOOP V tournament series offers a wide variety of poker games, including Texas No Limit Hold'em, Limit Hold'em, 7 Card Stud, Pot Limit Omaha and Omaha Hi/Lo. Poker buy-in amounts vary to meet every player's budget.

The series culminates with a $1,500,000 Guaranteed Prize Main Event on December 6.

Titan Poker's first ECOOP series was staged in December 2007 and players competed over ten days for their share of $2,500,000 in cash prizes. In May 2008, ECOOP II was staged with a grand total of $3,600,000 in guaranteed prizes at the ten nights of tournaments. Staged over fourteen days between November and December 2008, the third ECOOP tournament series distributed more than $4,150,000 in prizes to winning online tournament players. ECOOP IV took place in May and June, 2009, with $4,550,000 in guaranteed prizes.

In addition to its exciting online tournaments, Titan Poker regularly awards its players with seats at the world's most well-known live poker events, including the World Series of Poker, the ECPokertour, the Aussie Millions, the Irish Open, and the Asian Poker Tour.

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Tuesday, October 13, 2009

Luke ‘Fullflush’ Schwartz Makes Final Table At PartyPoker.com World Open, Could Not Paying For An Egg Sandwich Cost Him $250,000?

London – 12th October 2009 – Heat Two of the http://www.partypoker.com World Open V continues! The Matchroom Sport organised event takes place from Sunday 11 October – Thursday 15 October 2009 in London. For the very first time the action takes place in the prestigious Palm Beach Casino in the heart of Mayfair and spectators are welcome to rail. The action starts at 11am every day.

Heat one was won by Luke Schwartz, who secures himself a place at the final table. The runner-up was Christian Schafer, an online qualifier from Germany. The tournament start was held up yesterday after Schwartz was refused entry to the Palm Beach Casino and he was only allowed to step foot in the building after tournament organizers provided him with an escort at all times. Talks are now ongoing to allow the controversial high stakes player back in the building on Thursday for the final but nothing is confirmed as yet. The casino ban is thought to be the result of his recent refusal to pay for a sandwich at EPT London.

A PartyPoker.com spokesman said: “We hope that Luke will be able to take his seat at the final table but we have no guarantees as yet. In retrospect, perhaps Luke should have paid for the egg sandwich at the EPT – imagine if the casino ban costs him the chance of winning the $250,000 first prize? He could end up with serious egg on his face.”

More on this can be found at: http://blog.partypoker.com/world-open-v/more-trouble-for-luke-schwartz-at-partypokercom-world-open-v.html

The players are raving about the new triple stack structure at the PartyPoker.com World Open V. “This structure is the sickest I have ever played on a single table in front of cameras - it is brilliant,” said Phil Laak.

Tonight sees Mike Sexton, Roland De Wolfe, Jennifer Tilly, Sammy George and Neil Channing take to the felt.

Heat Two

Phil Laak
Simon Zach
Andy Greekfish
Praz Bansi
JP Kelly
Remy Biechel
Wayne O’Brien
Patrick Funke

Heat Three

Sammy George
Jennifer Tilly
Josh Gould
Neil Channing
Roland De Wolfe
Mike Sexton
Gustav Ekerot
Robert Sherwood

The main changes this year are that the starting stacks have been tripled, with the tables now being eight seat in the heats and seven players in the final. The buy-in is $10,000, with a total prize pool of $480,000 – the winner scooping $250,000.

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Sunday, October 11, 2009

Yevgeniy Timoshenko, Antoine Saout Added to PartyPoker World Open V, by Jessica Welman - Poker News Daily - 10th October 2009

The PartyPoker World Open V action gets underway on Sunday and some last-minute additions to the lineup have made the event even more of a star-studded affair. The roster of players, which already included the likes of World Poker Tour (WPT) host Mike Sexton, Tom “durrrr” Dwan, J.C. Tran, Phil “The Unabomber” Laak, and Luke “Full_Flush1″ Schwartz, added new names to the fold, including several players who have been on some serious hot streaks as of late.

The newly confirmed players include World Series of Poker (WSOP) bracelet winner Layne Flack, Andrew Feldman, Bruno Fitoussi, Teddy Sheringham, Roland de Wolfe, Sammy “Any Two” George, and recently-crowned poker endurance world record holder Paul Zimbler.

Three other players recently agreed to participate in the event and may be ones to watch considering their string of recent results. November Nine member Antoine Saout will be playing in the World Open V. The Frenchman appears to be squeezing in as many tournaments as he can between now and the WSOP Main Event final table in November. He is fresh off a final table showing at the WSOP Europe, where he finished in seventh place.

World Open V participant J.P. Kelly also had a successful run at the WSOP Europe, winning a bracelet in the first preliminary event. With his win in London, Kelly became the first British player in the three-year history of the WSOP Europe to win a bracelet at the London-based event. In addition to his WSOP Europe victory, Kelly won a bracelet earlier this year at the WSOP in a $1,500 Pot Limit Hold’em event.

Online poker pro Yevgeniy “Jovial Gent” Timoshenko also signed on to play in the World Open V. Timoshenko has had an amazing run in 2009. He took down the WPT Championship back in April, won the PokerStars World Championship of Online Poker (WCOOP) Main Event last month, and made a deep run in the WSOP Europe Main Event. At 21-years old, Timoshenko already has tournament poker winnings in excess of $6 million.

PartyBets set odds on all 48 of the participants and Dwan is currently the favorite, with odds currently going off at 11-1. Even PartyPoker is inclined to agree with that assessment, as a spokesperson for the site noted, “The early money is for Durrrr, which isn’t really a surprise, but favorites do not have a good record in this competition.” The spokesperson continued, “We’re delighted with the field. Every heat features a super strong line-up. For example, two online qualifiers have to deal with the likes of Yevgeniy Timoshenko, James Akenhead, [Schwartz], and Ian Frazer, and that is only in heat one!”

As the spokesperson noted, online cash game player Schwartz is scheduled to play in Heat One, while his self-proclaimed nemesis durrrr will be playing in Heat Six along with Fitoussi, Felipe “Mojave” Ramos, J.C. Tran, and others. Though Schwartz and Dwan will not meet in the preliminary heats, there are still a couple of scenarios that could pair the two at the same table. Should both players win their heats, they will advance to play each other at the final table. If one or both of them finishes as the runner-up in their heat, they will advance to the second chance heat, where the six runners-up will vie for a spot at the final table.

Action will take place at the Palm Beach Casino in London, England and PartyPoker says spectators are welcome to come by and watch the action. The event will be taped and televised on the Five network in Britain later this year and will feature commentary from Jesse May. (Credit: Poker News Daily)

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Friday, October 09, 2009

Stars are out for Party Poker World Open V

7th October 2009

GIBRALTAR - (PRESS RELEASE) - More star names have confirmed their participation for the upcoming Party Poker World Open V! The Matchroom Sport organised event will take place from Sunday 11 October – Thursday 15 October 2009 in London. For the very first time the action will all take place in the prestigious Palm Beach Casino in the heart of Mayfair. The main changes this year are that the starting stacks have been tripled, with the tables now being eight seat in the heats and seven players in the final. The buy-in is $10,000, with a total prize pool of $480,000 – the winner scooping $250,000.

Newly confirmed players include man of the moment Yevgeniy Timoshenko, UK WSOP and WSOPE bracelet holder JP Kelly, Layne Flack, Teddy Sheringham, Andrew Feldman, Roland De Wolfe, Paul Zimbler, Sammy George and Bruno Fitoussi. Also new to the line-up is the WSOP November Nine's Antoine Saout, who competes alongside fellow November Nine member James Akenhead. This year there was the chance to qualify online for the prestigious tournament, coverage of which is shown on television in countries all over the world. Ten packages worth $13,000 were won which include the buy-in, seven night's accommodation and $1,000 spending money.

The 48 player field also includes Poker Ambassador Mike Sexton and PartyPoker.com's newly sponsored grassroots players Remy Biechel from France, Felipe 'Mojave' Ramos from Brazil, the UK's Ian Frazer and Germany's Bodo Sbrzesny. The emphasis for the grassroots team is on VIPs, player loyalty and historic links to PartyPoker.com. They join the likes of Tom 'Durrrr' Dwan, Luke 'Fullflush' Schwartz, JC Tran, Steve Sung, Jennifer Tilly, Phil Laak, Scott Fischman, Neil Channing, European Open V winner Roberto Romanello, defending World Open champion Marty Smyth, Andy Black, Neil Channing and Liam Flood.

One player keen to take their seat is Danish journalist Johannes Nord Jorgensen, who secured his package by winning the recent PartyPoker.com in the Sky event in Copenhagen.

A PartyPoker.com spokesman said: "The early money is for Durrrr, which isn't really a surprise, but favourites do not have a good record in this competition. We're delighted with the field. Every heat features a super strong line-up. For example, two online qualifiers have to deal with the likes of Yevgeniy Timoshenko, James Akenhead, Luke 'FullFlush' Schwartz and Ian Frazer and that is only in heat one!"

Belfast's Marty Smyth scooped $250,000 after winning the PartyPoker.com World Open IV in May 2008. The final table featured a strong line-up that included Neil Channing, Marc "Mr Cool" Goodwin, Andy "The Spider" Ward, Dixie Dean and Ryan Fronda. The PartyPoker.com World Open III was won by 45-year-old former Sidcup betting shop owner Anthony Hardy, who triumphed over a final table that also featured Ian Cox, Ram Vaswani, David Rudling, Ian Frazer and eventual runner-up Ian Woodley. The winner in 2006 was Pippa Flanders, while in 2005 Lee Nelson won the inaugural event.

Commentary will be provided by Jesse May and the action will be first broadcast on Five in the UK later this year and then distributed internationally.

Spectators are welcome to come down to the Palm Beach Casino and watch the action. The cards are in the air at 11am every day.

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Party Poker teams up with racing star Giancarlo Fisichellaa

6th October 2009

GIBRALTAR - (PRESS RELEASE) - Party Poker is delighted to announce the arrival of a new star to their paddock. Motor racing legend Giancarlo Fisichella has joined two new teams recently – one of them being PartyPoker.it!

Giancarlo Fisichella is a fierce competitor on and off the track and he made a big impression on his new sponsors with a dazzling and high-octane performance at the Sports Stars Challenge IV event in London earlier this year. As a newly signed ambassador for PartyPoker.it, Giancarlo's passion for the game will see him take on the best of the poker circuit as well as the racing circuit!

Giancarlo said: "Poker has become a very popular pastime in the paddock in recent months with many of the drivers. I have joined two new teams recently and am delighted to be in pole position as a new ambassador for PartyPoker.it!"

PartyPoker.it is celebrating Giancarlo Fisichella becoming an ambassador with a series of great daily freerolls. Players can win a slice of the €500 prize pool and, better still, a genuine F1 collector's item: a unique shirt signed by Fisi himself. Click on the 'Freerolls' tab in the Tournament Lobby, click 'Fisichella €500 Freeroll' and then click on the 'Register' button. Seats will be allocated on a first-come-first-served basis. Please note that this promotion is open to residents of Italy only. The freerolls run until the 31st October.

A PartyPoker spokesman said: "Giancarlo is the fantastic new ambassador for PartyPoker.it. The freerolls are exclusive to Italian residents but the rest of the world and the international poker circuit is likely to feel the force of Fisi as he gets involved in the game. Many commentators have already said that they believe that he is on track to be one the best 'celebrity' players on the poker circuit. He is one to watch as he moves through his gears but you have to pay attention as he moves very fast on the felt and he's always got his hand on the pump!"

Fisi has already recorded a special instructional dvd that will be available shortly in the Italian market.

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Asia Pacific Poker Tour, Auckland, New Zealand

The SkyCity Casino in Auckland hosted the third event of Asia Pacific Poker Tour Season 2, and it was Kiwi Daniel Craker, who qualified for just $80 in the last live satellite, who walked away with the title and prize money. The room was packed with spectators as the thrilling tournament played out, and there was plenty of local representation at the final table, and a Trans-Tasman battle was joined as Craker faced down Australian Matthew Konnecke heads-up. That battle was a short one however, as both players were all-in on only the second hand. Craker’s pair of deuces was up against Konnecke’s A-9, and the deuces held to give Craker NZD$257,040 and the title.

PokerStars is the official sponsor of the European Poker Tour, the Latin American Poker Tour and the Australia and New Zealand Poker Tour

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Thursday, October 08, 2009

Aussie Millions Winner Signs with Party Poker

6th October 2009

Stewart Scott, who made history earlier this year by winning the Aussie Millions — the first time an Australian has done so in the modern era — has signed a deal to represent Party Poker, the company recently announced.

A former gourmet chef turned professional poker player, the 37-year-old Scott perfectly captures the spirit of the casual-turned-professional poker player. He’s making his Party Poker debut at the PokerNews Cup in Melbourne, which recently got underway.

"It's great to put pen to paper and sign-up to represent PartyPoker.com — it’s always been my site of choice," said Scott in a news release. "I am looking forward to defending my Aussie Millions title in January and am even more excited that I will be doing this as an ambassador for PartyPoker.com with a large team of online qualifiers!"

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Titan Poker Giving Away $50,000

7th October 2009

LONDON, England - (PRESS RELEASE) - TitanPoker.com, the most popular online poker room in Europe, will give away $50,000 in cash prizes and tournament entries in its Titan Turbo promotion, which will be staged during the month of October. New poker players, veterans and tournament regulars, all have an equal chance to win their share of the prizes.

Titan Turbo kicks off on October 5th with the first of its weekly one-day Tournament Player races. These races, which rank poker players by their tournament participation, each award $1,000 in cash prizes. The top 100 unique players from the five races win seats at Titan Poker's ECPokertour Malta Freeroll, which will be staged on October 31. The top three players at that tournament will each win a $5,000 prize package, which includes buy-in to the exclusive ECPokertour Malta event, to be held at the luxurious Casino di Venezia in Malta from November 13-15, 2009.

Players who prefer cash game Texas Hold'em poker action can compete in the Titan Turbo races, starting October 5th. These four-day races, ranking players by their Titan Points earned at the poker tables, award $5,000 in cash prizes. The top 100 unique players from each of the races advance to a final, one-day Titan Turbo race on October 31, which will award $10,000 in prizes to the top ranking players.

To level the playing field for new poker players, and for those who have not yet achieved VIP status, www.titanpoker.com will double a first place prize amount won by any Bronze VIP player at its Titan Turbo Cash Game Races, including at the October 31 final event.

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Tuesday, October 06, 2009

PartyPoker Million Dollar Hand Returns, by Tom Jenkins - Poker News Daily - 5th October 2009

Starting today, customers on PartyPoker can take advantage of the Million Dollar Hand, a popular promotion that is back due to its resounding success. Up to $1 million is at stake for each five-card hand collected on the site.

The Million Dollar Hand returned this morning on PartyPoker amid much fanfare and will conclude at 11:59pm ET on October 30th. In order to participate, PartyPoker players must collect cards. They’ll receive one for every 15 PartyPoints they generate and cards can be viewed by logging into a player’s PartyPoker account. Once a player makes a five-card poker hand, they’ll see if they won. Only one pair is required to receive a cash prize and a maximum of two hands can be revealed each day, or 52 throughout the length of the promotion.

The $1 million grand prize will be dished out if a player manages to make a royal flush with their final five-card hand. A straight flush pays $10,000, four of a kind pays $1,000, a full house pays $150, a flush pays $100, a straight pays $50, three of a kind pays $20, two pair pays $10, and one pair, regardless of rank, pays $3. Each player has already been given their first card for free and, once again, it can be revealed by heading to their Party Account. Last time out, no royal flushes were awarded.

PartyPoints are not removed from a player’s account in order to receive cards for the Million Dollar Hand. A spokesperson from PartyPoker commented in a press release distributed by the online poker room, “The Million Dollar Hand is underway and already thousands of cards have been revealed. The question remains – will the big one hit this time around? We’ve seen straight flushes and scared the insurers, but nobody has hit the royal… yet! The Million Dollar Hand also provides great extra value for members of the Palladium Lounge through the VIP Race.”

Palladium Lounge members can participate in a separate $100,000 Million Dollar Hand VIP Race. They’ll earn PartyPoints and Million Dollar Hand cards as normal, but will also accrue points towards the VIP Race. First place at the end of the promotion will take home a $13,000 Aussie Millions prize package. The Main Event of the prestigious tournament series, one of Oceania’s largest, begins on January 24th with the first of three starting days. The 2010 Aussie Millions crowns a champion on January 30th. All cash prizes won during the Million Dollar Hand will be deposited within one hour of cards being revealed.

Elsewhere on PartyPoker, sebstop took down the October installment of the Monthly Million, a $640 buy-in tournament held yesterday. First place was worth a healthy $200,000. Heads-up, sebstop defeated tommo662, who walked away $110,000 richer for his wear. Others who reached the top 10 in the October running of the PartyPoker Monthly Million included Supilami928 (third place for $69,000), DontGetLemon (fourth place for $54,500), DcHustler7 (fifth place for $46,000), yong_yong999 (sixth place for $34,500), p00cket00 (seventh place for $26,500), NoFknSnLeft (eighth place for $17,500), brogba84 (ninth place for $13,500), and franic (tenth place for $9,500). A total of 1,476 players turned out, with 200 finishing in the money.

The Monthly Million is held on the first Sunday of every month on the virtual felts of PartyPoker, with the next running scheduled for November 1st at 12:45pm ET. As with many PartyPoker tournaments, there are several affordable ways to qualify into the Monthly Million, starting at $1. PartyPoker is an independent site that does not accept customers from the United States and boasts World Poker Tour (WPT) Host and 2009 Poker Hall of Fame nominee Mike Sexton as its ambassador. (Credit: Poker News Daily)

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Fox Sports debuts PokerStars Million Dollar Challenge - 2nd October 2009

LOS ANGELES, California - (PRESS RELEASE) - You won a free tournament on PokerStars.net, defeating thousands of challengers. You submitted your entry video to PokerStars.net, hoping to edge out the hundreds of other tournament winners to earn your spot on national television and a shot at $1,000,000. Your reward? A chance to take on a team made-up of celebrities and the best poker pros in the world who are all determined to stop your quest. Beat them and your challenge is just beginning -- you then have to defeat poker superstar Daniel "Kid Poker" Negreanu not once, but twice. Do that and take home a million dollars.

Welcome to the PokerStars.net Million Dollar Challenge, the hottest poker game show on television. Debuting on Sunday, October 11th directly after NFL on FOX coverage,* the series gives online qualifiers a chance at a seven-figure payday.

Players who win specially designated online tournaments at PokerStars.net will submit a 60-second video for the chance to be a contestant on the PokerStars.net Million Dollar Challenge. Each person selected will receive roundtrip airfare and accommodations to the show's taping in Los Angeles for themselves and two friends.

The Game

Players will face a four-level gauntlet of heads up matches, win and advance. Lose and go home:

· Round 1: Take on a celebrity defender such as reigning Playboy Playmate of the Year Jayde Nicole, Super Bowl Champion, six-time Pro Bowl selection Jerome "The Bus" Bettis or MMA champion Tito Ortiz.
· Round 2: Face a top Team PokerStars.Net Pro 2003 World Series of Poker Main Event Champion Chris Moneymaker, three-time WSOP bracelet winner Barry Greenstein, rising poker star and newest Go Daddy girl, Vanessa "Lady Maverick" Rousso
· Round 3 and Round 4: Winning the million dollars won't be easy – back-to-back heads up matches against four-time WSOP bracelet winner Negreanu.

Getting past the first two defenders is a tough task, but the challenger will have help. For each of the first two rounds, Negreanu will serve as a coach, discussing hands and offering advice, first sitting at the table beside the challenger in the celebrity heads up match, then moving into a specially-designed isolation booth when the challenger takes on the Team PokerStars.net Pro. For every level Negreanu helps the challenger win, PokerStars.net will donate $10,000 to a charity of Negreanu's choice.

The prizes for each victory

· Round 1: A trip to the Bahamas for the PokerStars.net Caribbean Adventure
· Round 2: $25,000. Take the money and walk or risk it against Negreanu for a chance to win $100,000.
· Round 3: $100,000. The money is yours and you earn a seat at the final show's Table of Champions, where one player will have a chance to play Daniel heads up for $1,000,000.
· Round 4: A life-changing $1,000,000.

If the celebrity defender beats the challenger, they earn $5,000 for their favorite charity. If the Team PokerStars.net Pro beats the challenger, they will earn $10,000 for their favorite charity.

"I'm thrilled to be part of this show. I love the concept and I know that it will be packed with great poker and all the bells and whistles, hip graphics and drama that FOX is known for," said Negreanu.

The five-episode series airs Sundays after NFL on FOX* on October 11 th and 18th, continuing on November 22nd and December 13th and concluding with the heads up finale against Negreanu for $1,000,000 on December 27th.

Plus, the PokerStars.net Million Dollar Challenge wouldn't be complete without something for poker fans at home. Viewers will have a chance to enter a freeroll tournament on PokerStars.net as part of the PokerStars.net $100,000 giveaway. Twice during each show, PokerStars.net will announce a special contest that will give viewers a chance to win easy money.**

Veteran FOX Sports announcer Chris Rose hosts the PokerStars.net Million Dollar Challenge. The former host of FSN's Best Damn Sports Show Period, who also handles NFL on FOX and MLB on FOX coverage, Rose has an extensive poker background, having served as host for three seasons of FSN's Poker Superstars Invitational as well as the network's Poker at the Plaza tournament.

Don't miss all the action and your chance at the PokerStars.net viewer giveaway. Tune in on October 11th after the NFL on FOX to become a part of the PokerStars.net Million Dollar Challenge and see who not only walks away with a million dollars, but beats one of the greatest poker players in the world.

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Adrien 'zlatan35' Allain signs with PKR

LONDON, England - (PRESS RELEASE) - APT Macau Main Event winner Adrien 'zlatan35' Allain is the latest up and coming star to join poker's coolest collective Team PKR Pro.

Following his success at this year's APT Macau, which saw him take down the Main Event for $391,556 – an event he qualified for on PKR.com for just $5 – Allain has officially put pen to paper to become a fully fledged member of Team PKR Pro.

The 23 year old from Rennes in France has had an extraordinary run of form since joining PKR.com back in April 2008 including firsts in the Sunday $30K, the Saturday Big Shot and the Sunday $17K plus a sixth place at the PKR Live II Main Event - his first live tournament experience.

PKR Marketing Director Simon Prodger said, "We're delighted to welcome Adrien as the eighth member of Team PKR Pro. He's already proven himself at the highest level both live and online, and makes a fantastic addition to our stable of home grown talent. We're also confident that his Adrien's APT success will prove to be just the first in a long line of big tournament victories."

Allain has also received praise from members of the highest echelons of the poker playing world with JC Tran commenting on his performance at the APT Main Event, "...congratulations to Adrien, he played good poker and is a deserving champion. To take down such a major tournament for just $5 is quite something – there's no doubt he has great potential."

Since his epic triumph, Adrien has continued to play on PKR.com under the username zlatan35 and is hugely popular among the site's growing French community. You can view his post-victory interview on PKR TV here.

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Friday, October 02, 2009

Poker News Media - top 5 online poker websites

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Cool Hand Poker Offers $10,000 My Poker Challenge Promotion in October, by Brett Collson - Poker News Daily - 1st October 2009

Cool Hand Poker, an online poker site that appeals to the laid-back poker player, is offering a unique promotion for its members in October. The site’s method is to provide novice players with a fun and relaxing poker playing experience, but also give frequent customers cash prizes this month.

Cool Hand Poker’s main promotion in October is the My Poker Challenge, in which players will earn Cool Points based on their volume of play. Points will be awarded for each raked hand on various tables, which can then be used for tournament buy-ins. A maximum of 1,000 points can be earned each day, but if players end up with a positive balance on their cash game play, they will receive an additional 10% in points. The bonus points will be awarded to all players who earn a profit during the day.

Players who earn the maximum number of points every day, along with the additional 10% for ending up with a positive balance, will win $10,000. Everyone who takes part in the promotion will earn some type of cash prize. A $10,000 prize will be in the offing for players generating 37,400 points. A $1,250 cash prize will be awarded to players with 32,000 points. A $1,100 prize will be given to players with 31,000 points. Other prizes include $1,000 (29,000 points), $900 (26,800 points), $800 (24,800 points), $700 (22,700 points), $600 (20,600 points), and $500 (18,600 points).

On Mondays during the month of October, Cool Hand Poker will reward players with double points for playing on any of the site’s cash game tables. All points will go toward the My Poker Challenge promotion. Points are earned at the following rates:

Fixed Limit:
One point for each raked hand at $0.02/$0.04, $0.05/$0.10, $0.10/$0.20, and $0.25/$0.50 tables
Two points for each raked hand at $0.50/$1, $1/$2, $2/$4, and $5/$10 tables
One point for each raked hand at $10/$20

No Limit and Pot Limit:
One point for each raked hand at $0.02/$0.04, $0.05/$0.10, and $0.10/$0.20 tables
Two points for each raked hand at $0.25/$0.50, $0.50/$1, and $1/$2 tables
One point for each raked hand at $2/$4

Cool Hand Poker is also adding Survivor tournaments to its daily schedule in October. These tournaments are rare in that players are eliminated if they have the lowest chip count at the end of each level. This new and entertaining poker format can be found at various times during the day. At 9:45 BST, check out a $50 freeroll on the virtual felts of Cool Hand Poker. If you’re not busy, be sure to take advantage of a €5 + €0.50 buy-in Survivor tournament at 16:30 BST. At 18:30 BST, try your hand at the Survivor format by playing in a $10 prize pool practice freeroll. Finally, a €10 + €1 buy-in tournament is held daily at 20:30 BST.

Cool Hand Poker makes its home on the Microgaming Network, the ninth largest worldwide boasting a seven-day running average of 1,840 real money ring game players according to the traffic ranking site PokerScout.com. During its peak hours, which occur in the evening throughout Europe, nearly 3,700 players can be found perusing the Microgaming Network’s cash game felts. The Network and Cool Hand Poker do not accept players from the United States. (Credit: Poker News Daily)

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Tuesday, September 29, 2009

Robert E. "Bob" Stupak, Vegas icon passes away

Robert E. "Bob" Stupak (April 6, 1942 – September 25, 2009) was a Las Vegas casino owner and entrepreneur.

Biography

Bob Stupak was the son of Chester and Florence Stupak. He was born in Pittsburgh, Pennsylvania.

Once the younger Stupak reached legal age, he moved to Las Vegas and started a coupon book venture. He sold books full of two-for-ones and other items. Stupak later moved to Australia to pursue a similar business venture, only to be asked to leave the country for questionable business practices.

While in Australia, Stupak was briefly married to Annette Suna, and they had a daughter, Nicole. From 1971 to 1985, Stupak was married to Sandra Joyce Wilkinson, and had two more children, Nevada and Summer.

Stupak moved to Las Vegas in 1971, eventually raising enough money to acquire a small, 1.5 acres (0.61 ha) parcel north of Sahara Avenue at Las Vegas Boulevard South. On March 31, 1974, Bob Stupak's World Famous Historic Gambling Museum opened for business. "The name was about 10 ft (3.0 m) longer than the casino," Stupak recalled years later. On May 21, an air conditioner caught fire and the building burned down.

In 1979 Stupak opened Vegas World, a casino known for its promotions and new twists on games. At its peak in the mid 1980's, Vegas World grossed $100 million per year.
In 1989, Stupak won a widely publicized million dollar wager on Super Bowl XXIII. Later that year, he won the Deuce to Seven Lowball championship bracelet at the World Series of Poker.

In 1995 Stupak suffered a motorcycle accident, breaking every bone in his face and going into a coma. Although the initial prognosis was that he would not survive, Stupak made a full recovery.

At the time of his motorcycle crash, Stupak was at work developing The Stratosphere, a massive observation tower that would be the largest sign in Las Vegas. The tower opened in late April 1996 at a cost of $550 million but was a financial disaster.

Many came to see the tower, but few stopped long enough to gamble, dine or shop. The Stratosphere went bankrupt soon thereafter, was sold, and is now profitable.

Stupak continued to plan Vegas projects, including a purchase of the Moulin Rouge Hotel and a huge hotel shaped like the RMS Titanic, but these endeavors never bore fruit.

Stupak appeared in the first season of the GSN series High Stakes Poker. He also appeared at a final table during the first season of the World Poker Tour.

As of 2008, his total live tournament winnings exceeded $865,000.

Stupak died of leukemia in 2009.

Campaign for Lieutenant Governor

On May 1, 2006, Stupak filed to run as a Democrat for Lieutenant Governor of Nevada. (Credit: Wikipedia)

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Global Gaming News - Casino News Media - 29th September 2009

PartyGaming continues global strategy and focus; France, Asia Pacific, Australia, Canada, World Poker Tour

Virgin Games inks deal with CryptoLogic; will get Marvel Entertainment themed slots

Captain Cooks Casino maintains strong position in Australia, Asia Pacific

Multi Currency Casino website portal launched by Media Man Australia network

France may be next to regulate online gambling

United States - World Poker Tour and World Series of Poker give PartyGaming, Harrah's Entertainment and 888 an edge over rivals

Ric Flair's Wooooooo! NC Educational Lottery ticket performing well

Hulk Hogan's The Hulkamania Experience slot well received by industry, Andre The Giant slot in land based and online casinos may be next, other pro wrestling legends interested to lend names to branded slot games

NextGen Gaming - PartyGaming deal on track

EU - holding out numerous offshore igaming companies

Gaming entrepreneurs a plenty in Forbes rich list

Egyptian themed online slot games remain popular - Cleopatra, Cleopatra II, Tomb Raider, King Tuts Fortune

Gold Mega Jackpot - win a Porsche 911 Carrera 4S

Marvel pushes forward with superhero branded slot game deal, despite Disney deal

Hollywood slot games - expect more brand to enter market; Sega, Sony, FremantleMedia

World Series of Poker Europe starts at Casino at the Empire, London

Titan Poker hosts European Championship of Online Poker V

PKR.com announce its own poker Oktoberfest promo

Celebrity poker tournaments still all the rage

American Gaming - South Carolina - judged reverses convictions of five poker players

UFC sports betting; PartyBets.com poised to challenge BetUS.com domination

Crown Casino, Melbourne, keen to expand on igaming involvement

Poker Media - Network Ten, Australia to launch Poker Star reality TV

iGaming - iGB Affiliate Awards at London Affiliate Conference: 28th January 2010

Online casino - players prefer strong and known brands

News Corporation pushes along igaming business - Sky Vegas, Sky Bet, Sky Poker

Google - more igaming offerings said to follow Monopoly City Streets

Casino News Media "Online Casino of the Month", Virgin Casino may pose threat to PartyCasino.com crown in coming months

Casino legal - responsible websites ramp up cautions on online gambling

Media Man Australia network now exceeds a dozen website portals, exceeds 3 million hits per month

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Monday, September 28, 2009

Commerce Casino Presents Annie Duke Celebrity Poker Tournament Benefiting DEF

Professional poker players, fans, and Hollywood celebrities to participate in Decision Education Foundation fundraiser. Prizes sponsored by Sports Legends Challenge, WSOP Academy, Rockwell Time, and more.

Los Angeles, CA September 25, 2009 -- On the heels of one of the most successful US poker tournaments hosted by Commerce Casino executive John Griffo and celebrity tournament director Matt Savage, Commerce Casino presents the Annie Duke Celebrity Poker Night (CPN) benefiting The Decision Education Foundation (DEF), sponsored by Sports Legends Challenge, WSOP Academy, and presented by Rockwell Time. The event will take place on Thursday, November 19th, at 8 PM during Commerce’s L.A. Poker Open.

This event is a rare opportunity for fans to play "home style" poker with pros and celebrities, including Anthrax musician Scott Ian, Broadway actor Andrew Hill Newman, American Internet entrepreneur Jason Calacanis, film and stage actor Joshua Malina, “NUMB3RS” Kathy Najimy, “Celebrity Apprentice” star and model Brande Roderick, “Dancing With the Stars” model/actress Shannon Elizabeth, film/TV actor and director Joe Reitman, professional poker players Annie Duke, Dan Harrington, Rafe Furst, Howard “The Professor” Lederer, John “Johnny World” Hennigan, Adam “Roothlus” Levy, Joe Sebok, hockey pro-gone-poker-pro Greg “FTB” Mueller, MIT blackjack legend Andy Bloch, Dave “Hollywood” Stann, WSOP Commissioner Jeffrey Pollack, game show personality Ali Nejad, and author Michael Craig. The evening will include cocktails and silent and live auctions.

The Annie Duke DEF CPT is open to the public. Tickets are $330. Tournament re-entries and a one-time add-on are available each for $100. All proceeds benefit DEF.

More than $30,000 in prizes and giveaways will be awarded throughout the poker tournament. Sponsors will also provide more than 300 giveaways. First place prize is a 2010 Sports Legends Challenge entry. Rockwell Time will present watches to each of the top three finishers.

The red carpet walk begins at 7PM and will provide fans with photo opportunities. Later, participants will mingle, play, and celebrate in a relaxed environment. Each participant will receive a generous gift bag.

For more information visit www.greasiewheels.com. Seats are limited. Pre-register by visiting the Commerce Casino poker room. The Annie Duke Celebrity DEF Poker Tournament is a GreasieWheels production. For those unable to attend this event but wish to make a donation, visit www.decisioneducation.org/donate.

The Commerce Casino Presents the Annie Duke Celebrity Poker Night is sponsored and supported by Sports Legends Challenge 2010, Rockwell Time, World Series of Poker Academy, Yvel, Savage Tournaments, Life's A Bluff, 2-Step Images, ZizZazz, Monster Cable, Ollie Pop, Who's Your Daddy, Ultimate Bet, The Autograph Guys. Links to sponsors are located here.

About DEF

DEF is dedicated to improving the lives of young people by empowering them with effective decision skills. To this end, DEF works with schools and youth-based organizations to develop classroom-ready materials and to train teachers, administrators, and mentors interested in making decision education a part of their programs. For more information visit www.decisioneducation.org or contact info@decisioneducation.org.

About Commerce Casino

Commerce Casino is the largest poker casino in the world with more than 200 poker tables featuring Texas Hold ‘em, 7-Card Stud, Omaha, Lowball, Pot Limit, Mexican Poker, Pineapple, Draw, Low-Ball, as well as Pan and California games. Commerce Casino is also recognized for its innovative “Bring Your Home Game to Commerce” program which enables poker fans to invite their friends and family for a casual home game, bachelor party, or birthday celebration in a casino setting with a professional dealer. Commerce Casino is located at 6131 East Telegraph Rd., Commerce, CA 90040, just off the Santa Ana (5) Freeway at the Washington Blvd. exit. For more information, go to www.commercecasino.com or call (323) 721-2100.

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Emilio Gomez Steps Down from Party Gaming Board of Directors, by Jessica Welman - 27th September 2009

PartyGaming lost a member of its Board of Directors last week, when Non-Executive Directors Emilio Gomez stepped down from his post for personal reasons. The official statement from PartyGaming announcing his resignation made no mention of a future replacement and noted a balance between Executive and Non-Executive members of the Board in the wake of Gomez’s departure.

Now that Gomez has moved on, the Board consists of seven members, including Chief Executive Officer Jim Ryan, Non-Executive Chairman Rod Perry, and Finance Director Martin Weigold. Gomez first began his tenure as one of the group’s Non-Executive Directors in December of 2007 and served as the representative for Party Gaming co-founder Anurag Dikshit.

In December of 2008, Dikshit became the first online gambling mogul to face legal action in a U.S. Court when he agreed to forfeit $300 million in earnings from the company after admitting to breaking laws related to the Wire Act in conjunction with Party Gaming. In exchange for the monetary settlement, Dikshit avoided jail time until at least December of 2010 and continues to reside in Gibraltar, where Party Gaming is based. Dikshit stepped down from the Board of Directors in 2006 to serve as the company’s Head of Research and Special Projects. There has been no announcement as of yet as to how Gomez’s departure will influence Dikshit’s influence on the Board. PartyGaming can be found on the London Stock Exchange under the symbol “PRTY.” It is the parent company of the popular online poker site PartyPoker.

Gomez’s resignation is just the latest in a long list of changes for PartyGaming this year. The company’s purchase of World Poker Tour Enterprises (WPTE) in August as well as numerous business-to-business ventures like the purchase of the online bingo company Cashcade and the launch of an Italian online poker site in tandem with Intralot have headlined a busy 2009 for PartyGaming. In its mid-year financial report, Ryan said the company would continue to pursue these profitable business-to-business deals and invest more time and effort in PartyCasino, its online casino business.

In the week following Gomez’s announcement, PRTY shares have seen a slight drop in value, falling from a high of $282 on September 23rd to a low of $263.80 towards the end of day on the 24th. At the close of the business day on Friday, shares were trading at $267.60. Despite the slight drop this week, PartyGaming stocks have been on a rise as a whole in 2009, increasing in value from $195 in January to a high of $283 in May to its current trading price of $267.60. (Credit: Poker News Daily)

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Saturday, September 26, 2009

Olivier Busquet Wins WPT Borgata Poker Open, by Dan Cypra - 25th September 2009

Down 20:1 in chips heads-up, Olivier Busquet mounted the comeback of the century and won the 2009 World Poker Tour (WPT) Borgata Poker Open. Busquet entered the six-handed televised final table as the chip leader.

Beginning the day with just five big blinds to his name, Kenny Nguyen was the first to go, exiting on the third hand of final table play. Nguyen pushed with pocket eights pre-flop only to run into Busquet’s pocket kings. The board ran out A-J-2-10-7 and Busquet scooped the pot, sending Nguyen packing $156,000 richer for his efforts.

Fifteen hands later in a battle of the blinds, Keith Crowder hit the skids in fifth place, earning $188,000. Prior to Crowder moving all-in, Jeremy Brown told him, “I will felt you if you move all-in.” Crowder shoved from the small blind with a scant 10-4 of spades and Brown called from the big blind with pocket eights. The board came 4-2-2-5-J and Brown boosted his chip stack to nearly eight million.

Yanick Brodeur’s run through the WPT Borgata Poker Open came to an end on the 53rd hand of final table play. Brodeur went out on a bad beat, calling Brown’s all-in pre-flop with A-K. Brown turned over A-Q and found himself way behind. The flop came 9-8-6, keeping Brodeur in the lead, but a queen on the turn would be his demise. No king hit the river and Brodeur was shown the door in fourth place for $216,000, not a bad return on investment for his $3,500 buy-in.

Ivan Mamuzic was ousted in third place for $251,000. Brown raised from the button and Mamuzic pushed all-in over the top. Mamuzic flipped over pocket threes, while Brown showed pocket sixes, a 4:1 favorite pre-flop. Brown spiked another six on the flop and running tens secured his victory in the hand, setting up a heads-up showdown with Busquet. Having eliminated Mamuzic, Brodeur, and Crowder, Brown held a 3:1 edge in chips entering heads-up play.

By 20 hands into heads-up action, Brown had improved his edge to 20:1, holding 29.2 million chips to Busquet’s 1.4 million. Then, Busquet mounted a comeback of epic proportions. Busquet doubled up with pocket queens against 9-7 after Brown’s straight and flush draws failed to hit to narrow the lead to 5:1. On a flop of 8-7-6, Brown pushed all-in over the top of a raise by Busquet, who called for his tournament life with 9-10 for the nuts. Brown showed J-8 for top pair and Busquet was suddenly just a 3:2 underdog in chips.

Busquet took the chip lead after picking off Brown’s bluff with Q-2 on a board of A-K-6. Then, Brown struck back. On a board of Q-9-10-K-Q, Busquet bet out 1.5 million and Brown raised to 4.5 million. Busquet called the three million chip raise only to see Brown table K-Q for a boat. The hand sent Brown back into the chip lead by a 3:2 margin. The two were nearly even in chips until Busquet made top pair on a J-9-5-9-4 board with J-10, enough to rake the six million chip pot and reclaim the chip lead for good.

On the final hand of the Borgata Poker Open, Brown raised to 1.2 million pre-flop and Busquet called to see a flop of 4-4-3. The chips quickly found their way into the middle, with Brown showing 5-2 for an open-ended straight draw and Busquet revealing A-4 for trips. The turn came a seven and, calling for an ace or six, Brown watched as the river was a five, shipping the $925,000 first place prize to Busquet. Second place was worth $453,000.

Here is how the final table shook out at the WPT Borgata Poker Open:

1st Place: Olivier Busquet - $925,514
2nd Place: Jeremy Brown - $453,519
3rd Place: Ivan Mamuzic - $251,955
4th Place: Yanick Brodeur - $216,681
5th Place: Keith Crowder - $188,126
6th Place: Kenny Nguyen - $156,212

Next up for the WPT on U.S. soil is the Festa al Lago, which kicks off on October 21st from the Bellagio in Las Vegas. In the interim, WPT Marrakech will take place from October 11th through 18th. The non-televised event brings the WPT brand to the African continent for the first time. (Credit: Poker News Daily)

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France Set To Deliver Boost To U.K. Gambling - 23rd September 2009

PartyGaming Plc, William Hill Plc and 888 Holdings Plc, U.K. gambling companies facing a slowing market at home, may get a boost as neighboring France opens its online-betting market to foreign operators next year.

A bill that comes before the French parliament Oct. 7 would let foreign companies offer sports betting and poker, ending the monopolies of state lottery provider Groupe Francaise des Jeux and Pari Mutuel Urbain, which runs gambling on horseracing. All other online betting is currently banned.

“The size of the population and the appetite for gambling, and the group’s historically cautious approach to France make this a particularly exciting opportunity for us,” said Jim Ryan, chief executive officer of PartyGaming, the owner of the PartyPoker.com brand and the U.K.’s biggest online-gaming company by revenue. (Credit: Bloomberg) *full story

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Thursday, September 24, 2009

Casino News Media - Global Gaming Directory - Media Man Australia News Update - 24th September 2009

PartyCasino.com releases Tarzan and High Noon online slots, and Multi-Hand Blackjack Pro

Virgin Games to release Bejeweled classic in coming days

CAP Down Under II coming to Australia, March 2010, land based casinos have interest

Ric Flair's NC Education Lottery Wooooo! scratch card a winner

Hulk Hogan may expand on igaming deals, The Hulkamania Experience and Marvel's "The Hulk" may be just the tip of the iceberg

Titan Poker to back European Championship of Online Poker V

James Packer's City Of Dreams, Macau, on the upswing, casino commissions on track

Crown Casino continues to attract world class entertainment acts, with Aussie Millions coming in January 2010

Crown Casino Brownlow Medal awards night see over indulgence of drinking

Harrah’s Entertainment debt restructure

Google may build upon igaming, following Monopoly City Streets

Playtech - Sega "Sonic" deal on cards this October

Multi currency casino options a favorite of gamblers

European Union legal outcomes may see online gaming go underground

PartyBets.com ramps up UFC and boxing sports betting, eating into BetUS.com, others

Sports betting - fixing and corruption can be linked to small % of athletes officials

Slots tournaments popular with punters

Horse racing slot machines may hit Australian TAB suburban outlets

Bingo online sector still growing

Gaming Entrepreneurs - reputation, deals, associates and bottom line show real industry power players... spin free zone

Macau caps junket fees at 1.25%, cutting casino costs

Media Man Australia and Casino News Media company and web network will add more sites

Cleopatra casino classic still world's #1 online casino game

Captain Cooks Casino enjoying strong popularity with Aussies, Asia Pacific region

Mobile casino game market still growing

Domain names investment trend continues, Media Man Australia and Global Gaming Directory in leading pack

Hitwise - Media Man Australia website makes top ten (January - June 2009)

Online casinos further ramp up safe gambling awareness

PartyGaming continues global domination on world's online casino, gaming markets, World Poker Tour, Noble Poker and Hollywood themed casino portfolio to further expand

Virgin Unite - Virgin Games campaign supported by Media Man Australia

Asia Pacific sector remains "promised land" for some igaming companies

PartyCasino.com wins Media Man Australia "Online Casino Of The Month" again

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Titan Poker Hosting Next European Championship of Online Poker - 23rd September 2009

Euro Partners poker brand, Titan Poker, is hosting the European Championship of Online Poker V.

This year’s ECOOP events begin on 23rd November and runs till 6th December 2009.

The total prize pool exceeds a guaranteed $4,550,000.

Every day one new tournament will take place, and players will enjoy the option of playing in each game if they choose.

The main event will have $1.5 million guaranteed.

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Crown's Packer talks with News; iGaming - Aussie wrestling connection, by Greg Tingle - 24th September 2009

The Australian's Rebecca Urban penned a ripper story on James Packer's meeting with News Limited's John Hartigan. For our money, the line that made the piece, coming from "Our James" was "Listen mate, I'm here for a business meeting,". Yes folks, not even the red dust could stop our home grown Aussie gambling and media tycoon. Given the venue of choice being Rupert Murdoch's main business den, just maybe Mr Packer is taking more of a liking to news media these days, in more ways that one. ConsMedia remains a co owner of Foxtel, saddled by Telstra and News. Meantime, Packer's Crown Macau is doing great business, as Macau's politicians wrestle with casino commissions. Macau will limit the commissions paid to junket operators to 1.25 percent of the betting chips purchased by high rollers, helping cut casino operators’ costs. In the meantime Crown Casino remains open to b2b igaming and gaming business opportunities, with firms such as PartyGaming's PartyPoker, Noble Poker and Euro Partner's Titan Casino offering satellites to play poker at Crown. iGaming Business - Affiliate Media and a number of other igaming entities remain keen to do business with Crown Casino, and information is leaking about an upcoming igaming conference to be held in Australia in the coming months, following on from last years CAP Down Under. In the meantime, Hulk Hogan, pro wrestling legend and business tycoon, just returned to the United States, having spent a week of doing ultra impressive promos and appearance in Australia to plug his Hulkamania Let The Battle Begin tour, which kicks off in late November. Hogan (and his named opponent, "The Nature Boy" Ric Flair), also have a number of gaming and igaming business interests. Hogan has a Hulkamania Experience pokie found in some U.S casinos and Mr Flair is currently the face of the NC Education Lottery, with his unmissable "Woooooo!" scratch cards. A media man or two reckon a meeting may be order soon for Hogan, Flair and Packer, and PartyGaming and NextGen Gaming may be a logical choice of business partner for igaming ventures. NextGen Gaming has developed an Andre The Giant online slot game. Incidentally, the late, great, Kerry Packer was rumoured to has sat ringside for at least one major American wrestling tour that occurred in Australia in circa 2002. Mr Packer and co have a wealth of opportunities to explore. It's hard to get rid of the wrestling and media bug, Hulkamania, Goanna or not. Casino moguls everywhere are looking forward to blockbuster movie to be, 'Casino Jack', but a few Australian politicians, namely one or two Labor Party MP's, wouldn't mind seeing the movie never be screened on Australia soil. A certainly Australian film producer is very interested to do is own 'Casino Jack' style movie, but showcasing Australia's links between casinos and politicians. Go Aussie, go. Packer, Branson, Ho, Murdoch, Ayre, Stokes, Ryan... gentlemen, you're throw of the dice.

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Wednesday, September 23, 2009

WSOP Europe On The Way - 21st September 2009

World Series of Poker Europe kicked off over the weekend at the Empire’s Casino in London.

The player line up includes:

Phil Hellmuth, Phil Ivey, Daniel Negreanu, Peter Eastgate, and Ivan Demidon.

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Monday, September 21, 2009

Poker News Media Website Network Updated

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Poker Promoter Sells Seat at Table, by Joel Russell - Los Angeles Business Journal - 21st September 2009

GAMING: L.A.’s WPT folds hand after luck runs out

After seven years in the game, poker pioneer WPT Enterprises is cashing in its chips.

The Miracle Mile-based tournament producer that helped fuel the poker craze rode a winning streak to the top. At one point, its market cap was $500 million. But more competitors elbowed into the game and suddenly WPT got on a losing streak. When it agreed to a sale last month, its value had dropped to $20 million.

What happened? For one thing, the craze cooled: TV ratings for poker shows have dropped as much as 20 percent. For another, WPT started producing too many tournaments to keep up with competitors. What’s more, other tournament producers found ways of presenting the game in TV-friendly ways and WPT didn’t keep up.

As a result, entry fees and ad sales, the two main sources of WPT’s income, have been decimated.

The company announced last month that it will sell its assets, including the namesake World Poker Tour, for $12.3 million plus a share of future profits from PartyGaming Plc, a British online poker company. Shares of WPT last week traded at about $1, down from $1.06 when the sale was announced – a long drop from a 2004 high of $25.

“Growth of the poker boom is slowing down and there are new people getting into the business,” said Matthew Rousu, an assistant professor of economics at Susquehanna University in Selinsgrove, Penn., who specializes in game theory and competes in professional poker tournaments.

Rousu said the WPT’s main competitor, World Series of Poker, is the undisputed champ among tournaments. At one time, WPT was second, but was surpassed by the European Poker Tour.

“WPT might have made a couple of mistakes,” Rousu said. “They tried to produce a vast number of tournaments. There are only so many times people are going to plunk down $5,000 or $25,000 to enter a poker game.”

Executives at WPT declined interview requests for this story.

Stanley Sludikoff, a poker event organizer and publisher of the Poker Player newspaper in Inglewood, said there is now an Asian-Pacific tournament, a Latin American tournament, and various regional tournaments within the United States.

Also, WPT couldn’t find a stable TV partner. For its first six years, the tournament was on Travel Channel, then it switched for a year to Game Show Network and this year it is being aired on Fox Sports. In contrast, World Series of Poker has a lucrative long-term deal with ESPN.

WPT is now in the midst of its 2009-10 season and its Borgata Poker Open Tournament in Atlantic City, N.J., will be Sept. 19 through 24. PartyGaming has not announced what may occur with WPT’s television schedule.

Rousu credits ESPN with repairing one of poker’s major flaws as a spectator sport – namely, it’s tough to show a live game on TV. A typical poker championship lasts 12 hours with about 300 hands dealt, but the TV version is only two hours with about 20 hands. Because shows are taped and heavily edited, they usually broadcast weeks after the live event; in the meantime, serious poker fans know who won the pot.

In 2008, ESPN addressed the issue by compressing the tournament schedule. Instead of following a traditional calendar with tournament rounds held every four weeks, the World Series staged a whirlwind of poker in June and early July to decide nine finalists. Tape from those rounds was shown during the summer and fall.

Although fans knew the finalists, they didn’t know the winner. The last round of the tournament occurred in November on a Sunday and Monday, and ESPN quickly edited the play and aired it Tuesday, keeping it fresh.

“The ratings were huge,” said Rousu. “It really built up the excitement, but WPT has not followed suit.”

And a new tournament format is in the works. World Team Poker features groups from different countries that compete in a league, in the style of an Olympic event. Viewers will watch matches on the Internet, with interactive features allowing the spectators to offer advice to team captains and wager on the outcome of hands.

The league, a brainchild of Downey-based poker pro Robert Turner, launched Aug. 5 at the Bicycle Club in Bell Gardens.

“Having players interact with the audience via the Internet will totally change the experience,” said David Stratton, editor of trade newspaper Gaming Today in Las Vegas. “You almost have to be a poker player just to watch it.”

It might be time for innovation. Ratings for World Series shows have slipped significantly from their peak. In 2004, the World Series of Poker championship had Nielsen ratings of 2.1, or an audience of 2.4 million households. The most recent World Series final in 2008 had a 1.65 rating, or 1.9 million homes – a 21 percent drop from four years before, although up from 2007 thanks to the compressed schedule.

Two technological developments fueled the poker boom starting in 2003.

The first development was Internet poker rooms, which allowed people to play anytime at home, without the need of assembling a group of players. That got more people playing, and created a bigger audience for poker shows and tournaments such as WPT’s.

Televised poker really took off in 2003, when Chris Moneymaker, (yes, that’s his real name) a 27-year-old accountant from Tennessee, paid $39 to enter a local tournament and ended up winning the World Series of Poker’s grand prize of $2.5 million.

“That is universally accepted as the defining moment,” said Rousu. “It exploded after that.”

WPT, which had launched in 2002, was well-positioned to capitalize on the game’s sudden popularity with its innovation, the “hole camera” that shows players’ hidden cards to TV viewers.

“World Poker Tour really brought the game to television,” said Sludikoff.

The company has announced that the proceeds from its asset divestiture will not be returned to shareholders and the company won’t go out of business. Rather, the company “plans to use the cash to develop or acquire a nonpoker-related business” which it has yet to specify, according to Securities and Exchange Commission filings.

WPT’s chairman, Lyle Berman, owns 11.4 percent of the stock; his son, Bradley Berman, owns 10.1 percent; and Chief Executive Steve Lipscomb, owns 11 percent.

Sludikoff said that Lipscomb comes from the TV industry and so he will probably launch another show – just not about poker.

“They haven’t done as well as they thought with poker,” he said. “Therefore they want their money back to try something else.” (Credit: Los Angeles Business Journal)

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