Archive for September, 2011

European Poker Tour Meets Blockbuster London Showpiece

by | Published: Thursday, September 29th, 2011

The European Poker Tour has crashed down in London ahead of a super eight days of live tournament poker action.

All up there will be 31 events spanned out across the schedule culminating in the main event with a buy in of five and a quarter thousand pounds.

There will be an interesting mix of well known poker faces as well as a few venturing out from online poker success.

There are two venues being used to host the European Poker Tour in the English capital with the London Hilton Metropole Hotel and the Grosvenor Victoria Casino sharing responsibilities.

The Metropole will take care of the lion’s share of tournaments however the Grosvenor will

This is all designed to come together during the London Festival of Poker which has been running since mid September.

Some of the players you can expect to see in action during the festival include Jason Mercier, Jonathan Duhamel, Bertrand Grospelier, Joe Cada, Boris Becker, and Viktor Blom.

The London Main Event also acts as the final event for the UK and Ireland Poker Tour which spanned across a nine leg series.

The top three ranked players following the end of tour will be rewarded with season tickets to the UKIPT Main Events in 2012.

Also for the top 100 on the leader board there’s a special £10,000 free roll event with 77.50 points available for the winner of the EPT London Main Event.

Such is the closeness of this year’s tour that any player currently ranked in the top 10 is still in with a shot of claiming the title!

The UK and Irish poker tour in addition with the European Poker tour are sponsored by the online superstars of poker, Pokerstars Pokerstars.

As one of the largest companies on the internet you know your money is safe and you know you’ll always have access to a huge database of players competing for all different levels of cash.

It really is the one stop shop for anyone looking to enter into the world of online poker so be sure to head across and check out Pokerstars Pokerstars today!

Americas Seek Revenge In 2011 Caesars Cup

by | Published: Wednesday, September 21st, 2011

It may still be a few weeks away but tension is already building for the 2011 Caesars Cup as the event goes from strength to strength every year.

Inaugurated in 2009, the Caesars Cup is the equivalent to the Ryder Cup in golf, a tournament the pits the best of Europe against the best of Americas.

When it first began it was expected that the Americas team would trounce that of Europe given they boasted the best ranked players in the world with the most prize money and the biggest reputations.

Europe meanwhile had a bunch of relative unknowns who spent more time playing online than they did in live tournaments.

How wrong they were though and Europe destroyed their rivals and well and truly earned the respect they may not have had before the tournaments began.

Since then there’s been plenty of European domination around the world and the Americas are desperate to claw their way back and regain some respect of their own.

The Caesars Cup works off series of heads up games with the first team to win three matches declared the winner.

“Team Americas has a score to settle after what most considered a colossal upset in London,” said WSOP Executive Director Ty Stewart.

“You see a real rivalry developing as European players continue to win more tournaments around the world.”

Phil Hellmuth is the captain of the Americas and while he’s already selected Doyle Brunson in his squad there’s plenty of competition for the remaining three positions.

Phil Ivey, Erik Seidel, Johnny Chan, Huck Seed, Daniel Negreanu, Tom Dwan, Jason Mercier and Ben Lamb have all being raised as potential candidates.

The European squad is to be led by Bertrand Grospellier and while he hasn’t let slip who he’s thinking of inviting to his team, his Twitter post sure shows he’s excited:

“Go EUROPE GO, let’s show them 2 years ago wasn’t an “upset”! I’m so proud to be the chosen one!”

The 2011 Caesars Cup will be the final event of the 2011 WSOP Europe held on October the 21st.

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Full Tilt Cops Canadian Class Action

by | Published: Tuesday, September 13th, 2011

Canadian poker players have become the latest group to launch an attack on Full Tilt Poker with a class action lawsuit filed earlier this week.

Jeff Orenstein, attorney for the Consumer Law Group, submitted the suit in the Superior Court of Quebec.

He represents an unspecified number of Canadian players who’s funds remain inaccessible following the websites closure on ‘black Friday’.

According to the CLG website a statement reads, “the class action lawsuit involves Full Tilt Poker’s illegal freezing of customers’ money that is kept in their internet poker player’s accounts.”

In estimates made by Orenstein there could be as much as $10 million worth of Canadian funds still tied up by the U.S. Department of Justice’s freezing of Full Tilt accounts.

In Canada itself there are currently no restrictions on online poker however because Full Tilt was based in the USA they, like players from all over the world, were also caught up in the fiasco.

The website was licensed under the Alderney Gambling Control Commission (AGCC) with that approval being suspended in late June.

A hearing will get underway this week in regards to reinstating or permanently revoking their license however even if Full Tilt were to re-surface it’s still highly unlikely funds would be immediately available.

Reports have been flooding in about the dire financial position the website was in even before black Friday and after paying out hundreds of thousands of dollars in overdue fees to the AGCC that has only got worse.

The following names are listed on the lawsuit filed  by Orenstein:

Tiltware LLC, Pocket Kings Ltd., Filco Ltd., Ranson Ltd., Mail Media Ltd., owners Ray Bitar and Nelson Burtnick and some members of Team Full Tilt, which includes Howard Lederer, Chris Ferguson, Phil Ivey, Andy Bloch, Erick Lindgren, Jennifer Harman, Allen Cunningham, Erik Seidel and Mike Matusow.

This isn’t the first time a class action has been fired towards Full Tilt with the Southern District of New York fielding a case on behalf of American players.

That being said the attorneys of record for that case, Jeff Ifrah and David, later withdrew it on the basis that, ““continued representation of [the] defendants would create unreasonable financial burden to our law firm.”

Latest estimates of Full Tilt’s total bill to players is that the number could be as high as $150 million with very little capacity to pay any of it back.

Fellow website Pokerstars which was caught up in black Friday as well had similar debts but was able to honour players cash out requests.

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Pokerstars Launches World Championship Of Online Poker

by | Published: Thursday, September 8th, 2011

For years now it’s been well known that you don’t need to play live tournament poker to win big money with the online poker realm exploding.

While there are more opportunities than ever online, there are none that match up to the World Championship of Online Poker which kicked off this week.

Now into its 10th year the Pokerstars Pokerstars event attracts more players for more prize money than any other online event.

Starting on September 4th the tournaments will progress right through to September 25th with a massive 62 different events held during that period.

If that’s not enough to get you keen then how about the fact the total amount of prize money which will be given away will total a guaranteed $3,000,000!

That makes it the richest prize pool offered for online poker on any website anywhere on the planet.

The best part about it is that you don’t need to be a high roller to get your start in the events either with hundreds of satellite tournaments offering players the chance to earn their way in from as little as $1 or even free with 100 frequent player points.

For the first time ever as well the entire World Championship of Online Poker will be accompanied with a special live radio show to keep you up to date with all the action.

Pokerstars Pokerstars radio will be covering the days play with hour long broadcasts starting on September 7th.

They’ll run six days a week all the way through to September 27th.

The coverage will include all the important news and player interviews as well as handing out $50,000 in prizes across four language broadcasts (English, Russian, German and Spanish).

While the radio show is a nice tough, surely it’d be a lot better to tune in and hear your name called as an event winner?

It’s not as far away as you think with an account at Pokerstars Pokerstars taking only a matter of minutes to create.

It’s a safe and secure website and as you can see they’re unmatched by anyone else on the web.

Best of all for as little as a dollar you could find yourself with a share in $3,000,000!

There really is no better time to join Pokerstars Pokerstars and grab a piece of the World Championship of Online Poker.

Full Tilt Offers Explanation Of Sorts

by | Published: Thursday, September 1st, 2011

Full Tilt has offered its biggest explanation to date as to why hundreds of millions of dollars in player funds appear to have disappeared or which are at the very least inaccessible.

As the second biggest Poker company on the planet up until its crash the payout scheme for Full Tilt was always going to be a long and complicated process.

The questions players wanted answered though is would the money be paid back at all?

The one page statement designed to try and answer some of those questions was released by executives earlier this week.

Far from making things more simple though, if anything it has only further confused and already hard to follow situation.

Much of the report was also designed to shift as much of the blame as possible onto the US Government and surprise tactics they used.

“As is obvious from the events that have transpired since April 15th, Full Tilt Poker was not prepared for the far-reaching, US government enforcement effort of Black Friday,” it read.

“Full Tilt Poker never anticipated that the DOJ would proceed as it did by seizing our global domain name and shutting down the site worldwide.”

The major issue though is that back in April players were told a deal had been brokered with the Justice Department which would allow money to flow back to players with large accounts.

Since then it’s become apparent that Full Tilt can’t pay back the money, breaking what is effectively the number one rule in the world of poker.

Once again they blame it on the US Government and the fact that over the course of a few years they seized up to $115 million of players funds from US based banks.

They also said they were ripped off by one of their payment processers which pocketed up to $42 million in a funnelling scam.

“Until April 15th, Full Tilt Poker had always covered these losses so that no player was ever affected…unprecedented issues with some of its third-party processors that greatly contributed to its financial problems,” it said.

Further complications coming out of the investigation at the moment include the statement from one payment processer that Full Tilt had shortfalls in excess of $50 million.

Bradley Franzen says that in early 2011 there was a $60 million black hole caused by Full Tilt crediting players accounts without being able to retrieve the funds from their bank accounts.

This only adds to the desperation Full Tilt has in trying to find outside investors willing to fill their financial gap.

They claim that there are six interested investment firms which they have so far spoke to from their base in Dublin.

They also say they have hired a new financial advisor to “assist us in our search for an infusion of cash as well as a new management team to restore the site and repay players.”

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