Posts Tagged ‘Greg Raymer’

Lynn "Queen of Hearts" ParisLynn “Queen of Hearts” Paris

From time to time we have tried to keep you up-to-date on the status of online gambling in the U.S.  We imagined it would be an ongoing update with states falling in line to follow Nevada’s lead, but boy were we wrong!

In fact, since 2013 only New Jersey and Delaware have followed Nevada’s lead to legalize and regulate online poker, despite the millions of dollars generated in each state.

FINALLY, there is an update! As of October 30, Pennsylvania became the fourth state to legalize i-gaming, which includes i-poker. In a new white paper, “ Analysis: Pennsylvania Moves to Regulate Online Gambling,” several key points regarding the regulations as well as the revenue potential for the state are described.

For example, Pennsylvania will have a unique licensing structure, dividing licenses into three categories of Interactive Gaming Certificates (IGCs) – poker, table games, and slots. Licenses can be in only one or in all three categories, but buying an IGC will cost a hefty $4 million.

Also, Pennsylvania has some of the highest taxes on land-based casinos in the world and the same will apply to online gambling, with a 42% blended tax rate for the three online gambling options . . . more than twice the tax rate in New Jersey.

That means that New Jersey can afford to spend more than twice what Pennsylvania can on critical items like advertising and promotion. This explains why the online gambling market in New Jersey has been so successful, generating over $100 million in tax revenue in 2017.

On the positive side, the Pennsylvania bill is designed to facilitate a quick to market approach, taking advantage of the four years of experience and templates available to them from New Jersey and Nevada. The bill is also designed to make it easy for the state to share the online poker player pools already established by the other three states.

It will be fascinating to see how it goes in Pennsylvania. Just counting the projected upfront licensing fees, the state should see approximately $120 million injected into their state budget.

As Greg Raymer, Board member of the Poker Players Alliance states, “Every state has a chance, and the best way to get online poker in your state is to let your representatives know you want it, and that their decision on this issue makes a difference when it’s time for you to vote.”

In the meantime, we’re predicting that New York will become the fifth state to legalize online gambling. Which state do you think will be next?

Send me your comments or thoughts!

Lynn "Queen of Hearts" ParisLynn “Queen of Hearts” Paris

I know that for many, the appeal of the Main Event at the WSOP is that anyone who has the $10,000 buy-in or who qualifies by winning a satellite tournament can become the next world champion and walk away with $8.15 million. You know, the “Moneymaker Effect.”

If you’re playing as an amateur or a typical grinder in the Main Event, knowing that anyone can win is what gives you hope. But if you’re like me, and you’re a fan, watching the 2017 WSOP live, you might feel a bit let down.

Most of the poker superstars I love to watch have already been eliminated. My favorite, Daniel “Real Kid Poker” Negreanu, busted on Day 2, as did Phil “Poker Brat” Hellmuth, Ryan Riess, Joe McKeehen, Chris Ferguson, Antonio Esfandiari, William Kassouf and Bertrand “Elky”Grospellier.

Then on Day 3, before the money bubble burst, even more big poker names had been busted, including 2004 Main Event champion Greg Raymer, 2005 Main Event winner Joe Hachem, 2-time Main Event winner Johnny Chan, Brian Rast, Sam Grafton, Adrian Mateos, Rainer Kempe and three more of my favorites, Jason Mercier, Doug Polk and last year’s winner Qui Nguyen.

At the time of this writing on Day 4, there are 626 players remaining in the hunt out of the original 7,221, including two previous Main Event finalists, Ben Lamb and Kenny Hallaert. Chip leaders include: Ibrahim Nasief, 2,200,000; Eugene Kotlyarevskiy, 1,970,000; Nick Maimone, 1,910,000; Mickey Craft, 1,820,000; Damien Salas, 1,800,000; David Woo, 1,800,000 and so on. By the time I finished my list, it had changed four times! If you want the very latest chip count, you can check it our yourself at the WSOP website.

In the meantime I’m waiting for the “Final Table” as we’re sure most poker fans and enthusiasts are.

Send us your thoughts, comments or questions!

Lynn "Queen of Hearts" ParisLynn “Queen of Hearts” Paris

As 2016 draws to a close (thankfully, for many of us) it’s probably a good time to revisit our sporadic review of the status of legal online poker. When we began covering it, we assumed that there would be exciting news to report on a semi-regular basis as state legislatures voted to follow Nevada’s lead to legalize and regulate online poker.  However, with the exception of New Jersey and Delaware, nothing much has happened since 2013. In fact, more states have legalized marijuana than online gaming, something we could never have predicted.Online Poker

Looking ahead to 2017, there are four states that might push to get a bill passed – Pennsylvania, California, Michigan and New York — although all face hurdles that may be difficult to overcome.

As Greg Raymer, member of the Poker Players Alliance (PPA) Board of Directors put it, “Every state has a chance, and the best way to get online poker in your state is to let your representatives know you want it, and that their decision on this issue makes a difference when it’s time for you to vote. Tell them now, and tell them often. And get your poker friends to do the same.”

It is difficult to understand how states which already allow betting on horse racing, Daily Fantasy sports, and the sale of lottery tickets haven’t made more progress getting an online poker bill passed. It’s not like they couldn’t make good use of the potential millions of dollars of revenue generated by legalizing and regulating the poker industry.

On the federal level, it’s anybody’s guess, since predicting what the President-elect will do is a foolhardy proposition. What we do know is that there are several congressmen who pushed for an online gambling ban in 2016, including Senators Tom Cotton, Lindsey Graham and Mike Lee and U.S. Representative Mike Fitzpatrick. Behind the desire to ban online poker is none other than billionaire casino owner Sheldon Adelson, an ardent anti-online gaming mogul. How much he will attempt to influence the new administration is not known, but if he wants republicans to protect his brick and mortar interests, all bets for a 2017 online gambling victory will be off.

https://www.youtube.com/watch?v=XsEhFQUM-Hg

In the meantime, those of us who live in a state which still does not allow online poker have to be content with playing on the virtual felt of online poker free-roll tables.

Send us your thoughts!

Pocket Bullets ParisBy: Pocket Bullets Paris

We last reported on Event #60: $25,000 High Roller Pot-Limit Omaha that was won by Anthony Zino, here is what happened on all other events leading up to the Main Event.

Paul HoeferEvent #61: $1,111 The Little One for One Drop was decidedly won by Paul Hoefer from Leipzig, Germany. 4,555 players packed the tournament field, all of them anxious to participate in a tournament with the goal in mind to help people in developing countries gain access to clean water. Great cause, and a great game in which Hoefer destroyed the final table, winning $645,969 and his first gold bracelet.

Jack DuongJack Duong picked up Event #62: $1,500 Bounty No-Limit Hold’em and walked away with his first WSOP gold bracelet and the $333,351 for first prize after defeating a field of 2,178.

 

Andrew Barber Event #63: $10,000 H.O.R.S.E Championship was swept up by Andrew Barber giving him the WSOP gold bracelet along with the $517,776 that comes with it. Barber had to overcome some strong competitors that were amongst the 204 total entries into this event; they included Joe Hachem, Scotty Nguyen, Eli Elezra, Greg Raymer, Johnathan Duhamel, just to name a few.

 

Anthony SpinellaEvent #64: WSOP.com Online No-Limit Hold’em goes to Anthony “case dismissed” Spinella after he shoved all-in on the button and Hunter Cichy called but fell short after 4th and 5th streets do nothing to help him. Spinella walked off with $197,743 and his first bracelet. This was the first-ever WSOP online bracelet event and it was certainly appropriate that an online super star who’s best known for banking more than $4.5 million online under the moniker “holdplz” took it.

Gerald RingeLondon native Gerald Ringe defeats a field of 547 players who registered for Event #65: $1,500 Seven Card Stud Hi-Lo 8 or Better. After four grueling days Ringe walked away with his first WSOP gold bracelet, and $180,943 to party with.

Event #66: $777 LUCKY SEVENS No-Limit Hold’em is still being played out with five players left out of a field of 4,422 players as of this writing….

Quinn DoEvent #67: $10,000 Dealers Choice Championship was taken away by Los Angeles Poker Pro Quin Do. Quinn pocketed $319,792 and captured his second gold WSOP bracelet by being the last man standing out of a relatively small field of 108 poker wolves.

I’m getting very anxious and wish I could be there now but I know I’ll make it in time to cheer on the final Main Event Table and will report directly from there. Until then this is what’s happening as of this writing: The 46th Annual WSOP Event #68: No-Limit Hold’em Main Event got started on Sunday July 5th (yesterday) and right from jump street the action got wild. Day 1A of the $10,000 Main Event took center stage and concluded with William Kakon topping a 741-Player Field. It is now Day 1B and the action has not let up and I certainly wouldn’t expect it to…. Good luck everyone. See y’all soon….

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