Phil Ivey is a Poker Hall of Fame legend who has recently lost a ruling that has been issued by the Supreme Court, which is over an issue about baccarat sessions which are said to be tainted. He has been a bracelet winner ten times, but in the current legal dispute he has lost out about ten million in the winnings in total. The issue is about a ten million win, he had in London way back in 2012 which had occurred at Crockfords casino. Ivey is said to have used a technique known as edge sorting which is upheld as controversial. As a result, he gained an undue edge over the house in a baccarat session called Punto Banco. The casino sued the player two years after the incident. There had been a couple of court rulings prior to this whereby the player lost out. The high court had to decide whether Ivey duped the casino and was dishonest and that was something that the court ruled in favor of.
Ivey issued a statement, whereby he stated that he was hopeful that the UK Supreme Court would view the facts and was disappointed that the court had found him guilty. He states that the time when he played at Crockfords edge sorting was considered a legitimate technique. He states that this is not his personal views, but that it is one of the advance techniques that were used by most players. Ivey still maintains that the edge sorting technique he used was a legitimate way of beating the house. He blames incomprehension on the part of the UK judges as a result of which the result of the hearing was decided against him. Ivey states that he had used similar techniques in New Jersey as well.
There is a possibility of some good news to hit the ears of all the poker enthusiasts in California.
The club in question is the 500 Club casino that is located in Central California. The 90 odd card rooms in the club were sailing in the hot waters for lack of money to cover up the chip liability. The California State has said that it is looking to revoke the license of the club.
The club was a popular one in California and has a dozen poker tables and a wide range of table games. It was forced to pull down the shutters over the allegations. The club claims that it has enough money to cover up for the chip liability as it has the backup bond fund.
The card room has not yet opened for gambling, but the bar and the restaurant of the 500 Club has started to function. The fight over the chips between the club and the Gambling Control Commission of California state has entered into arguments in Sacramento. The outcome of this meeting is looked forward to by many with complete attention.
The Hard Rock Tulsa is looking forward to hosting the World Series of Poker one more time.
The first World Series of Poker was hosted by Hard Rock Tulsa just a couple of months ago. Now, it has got the chance to host an international WSOP event. The WSOP international tour has announced that Hard Rock Tulsa will be the host of the WSOP event from 15th to 26th March 2018. This is great news for everyone involved in Hard Rock Tulsa.
The senior director of hospitality at Hard Rock Hotel & Casino Tulsa, Mr. Martin Madewell, has said that the casino is very happy to bring back the prestigious event. This year was the first time that the casino got a chance to host the prestigious WSOP event and it was a huge success. The winner of this year’s event in Tulsa was William Berry and he pocketed $180,806 in the main event that had 574 players participating.
Phil might have had a great win in the baccarat game he played in 2012 but it definitely has been keeping him on his toes till 2016.
There has been considerable debate on the strategies he used to win and the 9.6 million dollars that he accrued as a result. A federal judge ruled that Phil had breached certain conditions as per the casino contract he had entered into. There had been an accusation of fraud that was dispelled by the court ruling.
The game had been played by Phil and his partner at Borgata Hotel Casino and Spa which is located in Atlantic City. However, as per certain conditions of the contract with the casino, there was violation found as per the strategies used by Phil to win the game.
According to the release of Poker Central the Super High Roller Bowl buy-in $300,000 is making its entry in the third season. 2017 year’s event, will take place at Aria Resort and Casino located in Las Vegas.
The date of the event is between May 28-31.
This tournament will be telecasted and maximum of 50-player can stay in the tournament. The event is produced by Poker PROductions; this is the same company that has televised poker events of many types including the World Series of Poker (WSOP). This is consecutively the third year, that company is producing the Super High Roller Bowl tournament.
Talking about the last year’s tournament, then it did not take more than a week to sold out the edition.
We read about the online poker rooms run by PokerStars and bwin.party brands, but there is much that goes on behind the curtains as well.
For instance, you might think that both brands are competitors, but GVC is the company that owns these brands and they have announced that they would be passing out a dividend payout to the shareholders even though a payout was ruled out this year.
The firm released this news when a 10c per share as a special dividend was announced for the current financial year. It previously had declared that the company would be taking a dividend holiday this year as per the Cerberus loan terms that it is under. The good news is that the company is ready to pay off the loan by the beginning of February in the next year. As a result, it would be in a position to make the dividend payout as it would be taking on a Nomura debt instrument that would lighten its burden. Not only has GVC announced that it would be making the dividend payout in February but there are other beneficial changes being introduced as well.