Posts Tagged ‘Nevada’

Pocket Bullets ParisJim “Pocket Bullets” Paris

The 49th Annual World Series of Poker  ran from May 30 to July 17 at the Rio All Suite Hotel and Casino in Las Vegas, Nevada, but it has now come to an end.  There were a record 78 bracelet events and more than $267 million dollars paid out in prize money from all 78 events. We have had a lot of up and down emotions throughout our reports. We will conclude this series with our final coverage of this year’s spectacular series closing with none other than The Big One For One Drop.

Joe CadaEvent #75: The Closer – $1,500 No-Limit Hold’em (30 minute levels) – $1 Million Guarantee – Joe Cada, who came in 5th at the Main Event’s final table, went on to win “The Closer” for his second bracelet of this series. This makes it a total of four bracelets for Cada, who not only bagged a lot of chips at this year’s WSOP but undoubtedly bagged a lot of new fans as well.

 

Justin Bonomo Event #78: The Big One for One Drop – $1,000,000 No-Limit Hold’em  Twenty-Seven High Roller players dropped a million dollars each for the chance to take home some of the $24,840,000 prize pool. But at the end it was Justin Bonomo who triumphed and picked up the win and with that, took over the top spot on the all-time money list of Poker Winnings. Bonomo earned  a very very sweet $10 million after a heads-up battle with Fedor Holz (who had to settle for $6 million) That win put his total cashes at just under $43 million, surpassing the long-time top money earner, our favorite, Daniel Negreanu ($39,656,197).

Now we all have to get back to our normal daily routines until next year, when the sure to be historic 50th Anniversary of the World Series of Poker is celebrated. The remaining questions  would be; Will we see you there? Will you get to a final table?

The 49th World Series of Poker Bracelet

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

It has never failed to amaze me that more states, in fact all states, don’t want to take advantage of the huge amount of extra revenue generated by online gambling, especially poker. I would have thought by now we’d catch up to the rest of the world, yet more than three years have gone by with only Nevada, New Jersey and Delaware successfully passing legislation, and reaping the benefits, of making online poker legal.

Online PokerAfter more than three years, why does there suddenly seem to be more action in more states to get similar legislation passed? There’s California, of course, which has tried and failed on several occasions to get internet poker legalized. Until they can get the politicians, card rooms, horse racing crowd and the Indian tribes that currently have the monopoly on gambling to come together and make it happen, the latest bill from online gambling advocate, Assemblyman Reginald Jones-Sawyer, will probably die on the vine. That sure leaves a whole lot of money on the table that the union’s largest state could definitely make use of.

New York has managed to get two bills to the committee stage, which, if combined into one actionable and acceptable-to-all bill, might just have a chance of being signed by Governor Cuomo. Pennsylvania is also eager to have online casino gambling, but still needs to pass the necessary regulations. Their HB 392 would authorize full online casino gaming but also would open daily fantasy sports in the state; it has lots of support but hasn’t passed anything yet.

A couple of new-to-the-game states have also shown a lot of interest recently. Michigan has a bill, SB 203, to legalize online poker that’s also open to including other forms of online gambling activity. The voters of Michigan seem to be behind its passage, but there are still a bunch of hurdles to go through. And finally, a bill in Hawaii, SB 677, has been introduced to open “internet gaming” in the state, Interesting because Hawaii actually has laws on the books preventing live gambling.

As some might imagine, the desire on the part of these states and perhaps others to get legislation passed quickly has grown considerably since the current administration took office. While no one can predict what the president thinks about online poker (he seemed to be for it five years ago, but we all know that means nothing today), we CAN predict where the new attorney general, Jeff Sessions, stands on the subject. During his confirmation hearings he was asked directly what his thoughts were on the legality of online gaming by famously anti-gaming Senator Lindsey Graham, who has been among those who would love to re-institute the Federal Wire Act of 1961 (passed to deal with racketeering). Sessions testified that he already thought it wasn’t legal for online gambling to be conducted and would look into it further once he was heading the Department of Justice. Don’t you just love these states’ rights republicans?

Keep in mind that in 2011, it was the Department of Justice that announced its belief that the 1961 Wire Act applied only to sports betting, thereby opening the door for states to legalize intrastate non-sport online gambling, such as lottery ticket sales and Internet poker.

Bottom line is that we really have no idea which way this will go, considering the extreme views of certain leading republicans who continue to want to restore the federal Wire Act. Should that happen, states would be unable to circumvent federal law to pass their own internet gambling laws. Although that seems highly unlikely, the uncertainty about it has hastened the efforts of at least a few more states to pass a bill, under the assumption that they would be grandfathered if they had already legalized online poker.

We’ll keep you updated as things progress.

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Texas Poker StoreBy: Pocket Bullets Paris

A couple of years ago, we were following the progress of legal online poker with great interest; it seemed like the next big thing about to bust wide open. But not much happened and interest among our readers waned. Nevertheless, we decided to take another look at the status of online gambling today.

Online Poker As many of you know, Nevada was the first state to legalize and regulate online poker in 2013, with WSOP.com controlling 99% of the industry. In March 2015, Nevada and Delaware entered into an interstate poker compact which benefited Delaware tremendously. New Jersey came on board at the end of 2013, There are currently two poker networks involving four sites in the state: Borgata, Party Poker, WSOP.com, and 888.

All eyes now are on California, Pennsylvania and Massachusetts as we look ahead in 2016.Being that it’s an election year, most pundits agree that no controversial legislation will be passed. On the other hand, some believe that with the huge popularity of DFS (Daily Fantasy Sports) and sports betting in general, the outlook for iGaming — including online poker — is brighter than it’s been in a long time.

We’ll let you know whenever there’s news about online gaming – there could be a surprise or two that we haven’t even considered yet. In the meantime we are heading off to the tables for a little bit of LIVE Texas Hold’em.

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Pocket Bullets ParisBy: Pocket Bullets Paris

The final shoot-out to reach and become a part of the Final Nine players in the 45th Annual World Series of Poker $10,000 No-Limit Hold’em Main Event  finished in style around 2:00 a.m. this morning.  These guys are all that remains of the massive field of 6,683 players. Congratulations to all.

The seat assignment for these guys is as follows:

Seat 1 – “Billy Pappas” Pappaconstantinou – 17,500,000 – 29-year-old from Lowell, Massachusetts, who is playing for the first time ever in the WSOP Main Event.

Seat 2 – Felix Stephensen – 32,775,000 – 23-year-old from Oslo, Norway. Although he has never cashed at the WSOP, this is his second year in a row playing in the Main Event.

Seat 3 – Jorryt van Hoof – 38,375,000 – 31-year-old from Eindhoven, Netherlands. van Hoof  has three previous WSOP cashes but has never cashed in the Main Event. He enters this final table as the chip leader with 19% + of chips in play.

Seat 4 – Mark Newhouse – 26,000,000 – 29-year-old now from Las Vegas, Nevada, has the distinct honor of becoming the first-ever November Niner to make back-to-back WSOP Main Event final tables. Newhouse finished in 9th place in 2013, collecting $733,224. He has eight previous WSOP cashes and has a total of live poker tournament winnings of $2,776,172.

Seat 5 – Andoni Larrabe – 22,550,000 – 22-year-old from Basque, Spain, is the youngest player remaining in the field. Larrabe only has three previous WSOP cashes and this is his second year in a row playing in the Main Event.

Seat 6 – William Tonking – 15,050,000 – 27-year-old from Flemington, New Jersey. Tonking came into this Main Event with three previous WSOP cashes but this is his first time to cash in the Main Event.

Seat 7 – Daniel Sindelar – 21,200,000 – 30-year-old from Columbus, Nebraska, comes into this Main Event with 17 previous WSOP cashes but, although he has played the Main Event every year for the past six years this marks his first time to cash in any of them. He has played a total of 19 WSOP events this summer.

Seat 8 – Martin Jacobson – 14,900,000 – 27-year-old originally from Stockholm, Sweden. Enters this event with over a million in WSOP cashes ($1,224,706 – 15 total cashes). Jacobson finished in 6th place during last year’s $111,111 One Drop High Roller event and earned $807,42,000.  However, this is the first time he has cashed in the WSOP Main Event.

Seat 9 – Bruno Politano – 12,125,000 – 31-year-old from Fortaleza, Ceará, Brazil. Politano is the first Brazilian ever to make the WSOP Main Event final table. He entered ten events this year and has cashed in three of them including this Main Event. He enters by the skin of his teeth with the shortest stack.

2014 WSOP November NinerThis year the total payouts will be:
1st place: $10,000,000
2nd place: $5,145,968
3rd place: $3,806,402
4th place: $2,848,833
5th place: $2,143,174
6th place: $1,622,080
7th place: $1,235,862
8th place: $947,077
9th place: $730,725

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