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.
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.
Delaware has seen record highs in a collection of online poker revenue and there is hope for more improvement as well.
The online economy for poker in this state reached a record breaking high in July. The summer months are usually less lucrative for online gaming sites, but the three sites owned by the Diamond state earned a lot of profits that was cumulative of the amount $281,000. The total dollars that were wagered amounted to 6.6 million in total.
Even though the state recorded high level earnings in the iGaming sector in the month of July, if you look at the comparative performance it is still disappointing. There has definitely been an increase as per the same period in 2015 as well as over July 2014. The main earners have been revenue in video lottery where the total earnings have been about $161,000 and poker has led to earnings amounting to $33,000.
Among the iGaming entities in the state poker lags behind other categories. Though the earnings in every category have gone up there was more expedited at the time when the online gaming regulations came into vogue in the Delaware State in 2012.
Global Poker Index each week publishes top 300 poker players’ list playing in tournaments and the criteria for selection is based on six half year periods of player’s result. Top performers too get ranked by GPI and it is based on the calculation method of USA Today Global Poker Index and it considers two six-month periods of each player.
The 2015 GPI Player of the Year list is head by Dzmitry Urbanovch with a GPI score of 2900.87 and followed by Ivan Luca with 2662.47 and Joe Kuether snatching the third place ranking with 2545.91. The No.1 ranking player Urbanovch manages to cling on to the top spot and for seventh consecutive week he is holding the first place. This has been possible for him with the points earned in the runner-up spot at European Poker Tour Grand Final €100K Super High Roller, where Erik Seidel took the top prize. It is also a good turn of events as other players with EPT Grand Final scores earnings are climbing up the POY leaderboard hard.
Scott Seiver had a phenomenal jump as he climbed to the fourth spot from No.2 after he reached the final table in the €50K Super High Roller and the €100K Super High Roller in Monaco; he then came up with another victory in the eight-handed €5,000 pot-limit Omaha side event. This week also sees Thomas Muhehlocker joining the top 10 jumping to No.10 from a lowly No.16 spot and he also finished in the €100K SHR final table.