Posts Tagged ‘Poker News’

Counterfeit Chips Lead to Borgata $2 million Cancellation

by | Published: Wednesday, January 22nd, 2014

Following a 24 hour investigation, the Borgata Hotel Casino and Spa and New Jersey Division of Gaming Enforcement cancelled the Borgata Winter Poker Open $2 million Guarantee event after it was found that one or more entrants had used a large amount of counterfeit chips throughout the duration of the tournament.

The opening event of the 2014 Borgata Winter Poker Open, the $2 million guaranteed tournament was initially suspended last Friday when a total of 27 players remained in the running for the lucrative crown; however it was quickly found the tournament had been compromised and must be called to a premature close, with all unpaid prize money frozen pending a complete investigation.

Tom Ballance, President and COO of the Borgata Hotel outlined the situation via a press release on Saturday evening.

“Thus far, investigators have found that one or more tournament entrants improperly introduced a significant number of counterfeit chips into the tournament, gaining an unfair advantage and compromising the integrity of play for the event” Ballance said.

“It is extremely unfortunate that the criminal actions of these individuals can have a detrimental impact on more than 4,000 other entrants.

“We fully understand and regret the disappointment this cancellation causes our valued customers, and we will work diligently with DGE investigators to resolve the situation as quickly as possible. The integrity of our games and the confidence of our players is of the utmost importance to us.”

Despite this major setback to the first event of the Borgata Winter Poker Open, Ballance revealed the remainder of the series will continue on schedule.

“We thoroughly verified all remaining chips in our inventory, and are confident in moving forward with our tournament schedule as planned and approved by the New Jersey Division of Gaming Enforcement”.

Be sure to return to frequently, as we will be staying with this story until finals resolutions are reached.

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2013 Poker Hall of Fame Finalists Announced

by | Published: Thursday, September 26th, 2013

Following a public nomination process that was held via the World Series of Poker website, as well as scrutinizing from the Poker Hall of Fame Governing Council, the finalists list for induction into the Poker Hall of Fame in 2013 has been released.

Four new candidates have been added to the list this year, with six more players who featured in last year’s finalist list chosen to complete the group of ten.

The players for Hall of Fame consideration are:

Chris Bjorin

Bjorin is a 65-year-old Swedish-born poker player who resides in London, England. He is a two-time World Series of Poker gold bracelet winner and sits fifth on the all-time World Series of Poker cash list. To date, we has earned for the $5.5 million playing poker.

Humberto Brenes

Known as ‘The Shark’ and exhibiting one of the most outgoing personalities ever to grace the professional Poker tables, Brenes is ranked fourth on the all-time World Series of Poker cashes list, having featured as one of the most consistent performers in the WSOP for the past 25 years.

David Chiu

Born in China, Chiu relocated to the United States as an 18 year old exchange student. Chiu began his assault on Poker as a dealer, before transitioning into one of the most successful tournaments players in history. A five-time gold bracelet winner, the 53 year old has registered major wins in Limit Hold’em, Seven Card Stud and Omaha Eight or Better.

Thor Hansen

Since first playing Poker in the late 80’s, Norwegian Pro Thor Hansen has cashed more the 175 times and walked away with more the $2.9 million. Claiming two gold bracelets of his own, Hansen was one of the earliest supporters of the now thriving European Poker scene.

Jennifer Harman

Jennifer Harman holds several records in the Poker world including the honor of being the first woman to win multiple World Series of Poker bracelets in open events. The 48-year-old mother of two now focuses a good deal of her time on using Poker to raise money for a host of charities.

Mike Matusow

Mike ‘The Mouth’ Matusow has plenty of reasons to discuss his inclusion in Hall of Fame calculations. Among these reasons is four gold bracelets and more than $9 million in career tournament earnings. Poker fans have had many opportunities to see Matusow in action this year, winning the heads-up Poker Championship in March before claiming his latest gold bracelet a month later.

Tom McEvoy

68-year-old Poker veteran Tom McEvoy has been crowned World Series of Poker Champion four times in an illustrious career that spans well over five decades. A noted Poker author, having penned dozens of strategy books and countless columns, McEvoy has been a true ambassador for the game he loves, and is even credited as spearheading the effort that prohibits smoking in poker rooms.

Carlos Mortensen

2001 World Series of Poker Main Event Champion Carlos ‘The Matador’ Mortensen has won more money than any other player on the World Poker tour, despite playing significantly fewer events. The 41-year-old is also the only player to have won both the WPT Championship event and the World Series of Poker Main Event, highlighting the unique reasons for his Hall of Fame consideration.

Scotty Nguyen

Most famous for his comment “You call and it’s gonna be all over baby!” to Kevin McBride before winning the 1998 World Series of Poker Main Event, Scotty Nguyen is one of the most recognized and well-liked personalities in world Poker. Picking up five bracelets and more than $11.7 million in career earnings, there isn’t a Hall of Fame contenders list without Scotty featuring!

Huckleberry Seed

With four gold bracelets and $7.5 million in career tournament earnings, it isn’t just Huck Seed’s towering frame that helps him stand out from his competition. Known as one of the Poker world’s most diverse players, there is no variation of the game Seed hasn’t conquered.

Official Ballots will be sent to the voters; 19 living hall of famers and an 18 person media panel next week, who will have until October 11 to cast their selections and have them returned to the World Series of Poker Governing Body.

The 2013 Class of the Poker Hall of Fame will then be inducted as part of the World Series of Poker Main Event final table festivities on November 3rd.

EuroVegas Plan in Jeopardy Following Smoking Ban

by | Published: Thursday, September 19th, 2013

In the early stages of this year, Chairman of the Las Vegas Sands Sheldon Adelson announced plans to develop EuroVegas; a $22 Billion casino complex in Madrid, Spain.

Housing six casinos, three golf courses, a convention center and 36,000 hotel rooms, the plan for Europe’s own golden strip now appear in jeopardy as a result of a Spanish anti-smoking law.

Detailed in a report by Bloomberg Businessweek released recently, Adelson and co. are seeking an exemption to the law originally crafted in 2010, that forbids any form of smoking in public areas.

If unsuccessful, the casino development will almost certainly cease to push forward, instead seeking an alternate location away from areas governed by this law.

For the Las Vegas Sands, who are also currently developing similar projects in Macau and Singapore, the idea of a smoke-free casino appears a major deterrent, likely due to a 2009 study conducted by the St. Louis Federal Reserve which highlighted a 20 percent drop in patronage following a similar ban in Illinois casinos.

While the production of the casino precinct would be terrific for the Spanish economy; creating upwards of 260,000 jobs and attracting as many as five millions visitors annually, it currently does not appear in the plans of Prime Minister Mariano Rajoy and his government to amend the law to accommodate a single exemption, after several other bodies’ unsuccessful attempts in recent years.

While Spain is exhibiting a deteriorating economy, it appears an entirely uphill battle for Adelson and the Las Vegas Sands, who will need to make a decision sooner rather than later in regards to progression.

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Online Gambling Compact Set to Go Ahead in 2014

by | Published: Sunday, August 11th, 2013

Reuters reported on Tuesday that there is a potential gambling compact in the works between Nevada and New Jersey, which could go into effect as early as 2014, after MGM Resorts International CEO Jim Murren told the business news source that the company is working with Nevada officials to create a joint online gaming market.

While Murren has commented that Nevada has too small of an online market, the partnership will likely be mutually beneficial for both parties, with the 2012 United States Census revealing a Nevada population of around 2.76 million people, as oppose to the 8.85 million who call New Jersey home.

“I think it’s likely that in 2014 we’ll see a compact between New Jersey and Nevada” Murren said recently.

“We’ve really been focusing on Nevada’s ability to compact with other states, create more liquidity”.

Chairman of the Nevada State Gaming Control Board A.G. Burnett agreed with Murren’s remarks, commenting on the pace of the process.

“Nevada is striving to do what it can in regards to compacts” Burnett told Reuters.

“We do not jump into the fire without having done a lot of cautious research and study into the particulars of such agreements, and that phase is nearing completion.”

Murren further admitted that his company has dedicated a team to its online efforts along with the possible compact between the two states.

“We have a big team that is preparing us on a state-by-state basis and on the states that we believe will be the most productive”.

“I think at least 40 of the 50 states are in some stage of debating this (online gambling issue) internally.

“The ones most visible are New Jersey, New York State, Illinois and California” Murren added.

Only in April did Nevada become the first state to launch legal, structured online gaming. New Jersey is currently preparing for an industry-wide online gambling launch on November 26 after 37 companies applied for the first internet gambling licenses available in the state.


Ivey Owed $11.5 Million

by | Published: Saturday, October 13th, 2012

Superstar poker player Phil Ivey is owed $11.5 million by Crockfords casino in London after going on an amazing winning streaking playing the casino game Punto Banco.

Crockfords, one of London’s most exclusive gambling clubs, is withholding Ivey’s payout while they investigate what they consider is an unprecedented win.

Ivey and a female companion played Punto Banco, a skill-free version of Baccarat, over a two day period of seven hours, losing heavily at first, but winning back their losses plus much more.

The casino initially agreed to transfer the winnings directly to Ivey’s bank account but at this stage have only returned his initial stake.

Crockford has conducted an intense inquiry, interviewing many casino staff that were involved in the game, but have apparently ruled out any form of collusion.

“No imperfections, or marks, that would have given Ivey an advantage were found. In any case, Ivey at no time touched the cards,” said a source.

“The shoe was also thoroughly inspected; once again the investigators drew a blank.”

Lance Bradley, editor of Bluff Magazine, believes it is extremely unlikely that Ivey cheated.

“There’s nothing in his past that would hint at his being a cheater or unethical in any way,” Bradley said.

“People say he’s arguably the best poker player in the world; but, really, there’s no argument: He’s number one. He’s known both for his skill and for his love of high-stakes games. He loves anything where there’s some sexiness at stake.”

Bradley is unsure why the casino is refusing to pay the money out despite finding no evidence of foul play.

“They’re earning themselves a ton of publicity—but it’s not the kind of publicity you want. It’s like a run on a bank: When you withhold payment, people stop trusting you; they stop playing. Maybe it’s because with nearly $12 million involved they just want to make sure every ‘I’ has been dotted and every ‘t’ crossed. Phil’s going to get his money; they’re just making him wait.”

Ivey refused to comment on the situation when questioned at the World Series of Poker Europe.

“Please don’t talk to me. I am concentrating on my tournament,” he said.

Crockfords also refused to comment.

“As a private club we put great store on the confidentiality of the relationship between ourselves and our client and we therefore have no comment to make,” a casino spokesperson said.