Posts Tagged ‘Million’

Nevada Casinos Win $982 Million In March

Silver State casinos had a successful March.

According to a state report released Tuesday, Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $ 982,168,390 for the month of March 2014.

That amounted to a 7.60-percent increase compared to March 2013, when licensees reported a gaming win of $ 912,784,688.

For the fiscal year (July 1, 2013 to March 31, 2014), gaming win has increased 1.65 percent.

Gaming win is also known as gaming revenue.

The Las Vegas Strip experienced a nearly 11 percent gain year-over-year, with gaming revenue reaching $ 560,770,697 in March 2014.

The state collected more than $ 84 million in percentage fees during the month of April 2014, based upon the taxable revenues generated in March 2014.

Of the $ 982 million, around $ 926,000 came from Internet poker. That was a 12.2-percent increase over February’s $ 824,000. Nevada has three poker sites.

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Published on 6:30 pm by Administrator

Category: Poker

Tags: , $982, Casinos, March, Million, Nevada

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Borgata Puts Up Slight Overlay On $5 Million Guaranteed World Poker Tour Championship

The WPT Championship Moved To Borgata This YearThe World Poker Tour Championship attracted a field of 328 entries, just shy of what the Borgata needed to meet the $ 5 million guarantee.

As a result, the Atlantic City property had to dip into the rake from the $ 15,000+$ 400 tournament to come up with the extra cash and give the players an overlay of $ 80,000. An additional $ 147,600 was taken out for tournament staff and dealers.

This is the first time since the tour’s inception in 2002 that the WPT Championship was held outside of the Bellagio in Las Vegas. The buy-in was also lowered from $ 25,000 to $ 15,000.

The tournament’s previous rendition had been suffering through a slump, drawing only 146 players in 2013, the fewest since 2003. The tournament peaked in 2007 with 639 entrants, creating a total prize pool of nearly $ 15.5 million. Carlos Mortensen came out on top, earning $ 3,970,415.

This year’s WPT Championship winner will take home $ 1,310,146, slightly more than the $ 1,150,297 that David “Chino” Rheem picked up for winning the event in 2013.

A total of 36 players will make the money, earning at least $ 30,085. Here’s a look at the full final table payouts.

1. $ 1,310,146
2. $ 727,860
3. $ 452,729
4. $ 363,930
5. $ 286,292
6. $ 235,341
7. $ 189,244
8. $ 143,146
9. $ 97,048

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Published on 6:29 pm by Administrator

Category: Poker

Tags: , Borgata, Championship, guaranteed, Million, Overlay, Poker, Puts, Slight, Tour, World

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Atlantic City Casinos Win $11.9 Million From Online Gambling In March

Internet gambling revenue in Atlantic City has reached its highest level ever.

According to a state report released Monday, the city’s casinos reported web gaming win of $ 11.9 million in March. That figure was a 15.2-percent increase compared to the $ 10.3 million in February. Revenues have steadily been climbing since the games launched late last year.

Of the $ 11.9 million, around $ 3.2 million came from online poker. Poker was $ 3.1 million of the figure in February. Poker increased in size, but decreased in its piece of the overall pie.

For comparison with Nevada: The Silver State’s poker sites captured $ 824,000 in rake from online poker in February. Nevada’s numbers from March aren’t yet available.

According to Adam Krejcik of Eilers Research, the New Jersey market size for the year is on pace to be around $ 142.5 million. At one point in the not-so-distant past, some state officials in New Jersey were thinking that online gaming could be worth $ 1 billion in the first year.

That outrageous estimate was eventually debunked.

As of Mar. 31, nearly 292,000 Internet gaming accounts had been created since the beginning of soft play on Nov. 21, 2013. At the end of February, there were 248,241 accounts.

The number of New Jersey web gaming accounts doesn’t refer to the number of unique players, as customers can sign up for an account at each Internet gaming website.

The Garden State report also included mention that total gaming win from the brick-and-mortar casinos and their Internet gaming operations was $ 233.4 million in March. That was a 2.2-percent decline compared to the $ 238.5 million in casino win for March 2013.

It is worth noting that there was one fewer casino this March.

Atlantic City was in the national spotlight this past weekend, as one of its casinos sued poker pro Phil Ivey in an effort to recoup $ 9.6 million. The casino said Ivey and his gambling companion cheated while playing high-stakes baccarat in 2012.

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Published on 12:30 pm by Administrator

Category: Poker

Tags: , $11.9, Atlantic, Casinos, City, from, Gambling, March, Million, Online

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World Poker Tour Seminole Hard Rock Poker Showdown Main Event Surpasses $5 Million Guarantee

The 2014 World Poker Tour Seminole Hard Rock Poker Showdown main event drew a lot of attention in the poker world when it was announced that the $ 3,500 buy-in event would feature a huge $ 5,000,000 guaranteed prize pool. That meant that in order to reach the huge guarantee the event would need to draw more than 1,551 entries over the three starting days.

When registration closed on day 1C a total of 1,795 entries had been made, setting a record as the largest field in the 12-year history of the WPT and bringing the total prize pool to $ 5,763,150. With the guarantee well surpassed, the top 170 finishers were set to make the money, with a min-cash being worth $ 7,093. While making the money is all well and good, of course all of the remaining players really have their hopes set on the title and the first-place prize of $ 1,081,184.

Justin Young is the chip leader heading into day 2This is not the first time that the Seminole Hard Rock Hotel & Casino Hollywood has set a lofty guarantee and surpassed it. In August of 2013 the casino hosted a $ 10,000,000 guaranteed $ 5,000 buy-in no-limit hold’em tournament as the main event of it’s Seminole Hard Rock Poker Open. In the end Blair Hinkle topped a field of 2,384 entries to win $ 1,745,245 from the more than $ 11.9 million prize pool.

673 players survived to day two in the ongoing WPT Seminole Hard Rock Poker Showdown, with Las Vegas based poker pro Justin Young in the lead with 313,200.

Other notables who entered the day with big stacks include Joe Kuether (295,900), Nick Schwarmann (274,900) and Matt Stout (215,900).

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Published on 12:30 pm by Administrator

Category: Poker

Tags: , Event, Guarantee, Hard, Main, Million, Poker, Rock, Seminole, Showdown, Surpasses, Tour, World

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Atlantic City Casino Sues Phil Ivey For $9.6 Million, Says Poker Pro Cheated

Poker pro Phil Ivey, widely regarded as the game’s best player, has been sued by an Atlantic City casino, which alleges that he cheated the house out of $ 9.6 million.

The report comes from New Jersey Law Journal.

Ivey is accused of spotting manufacturing defects in the cards while playing high-stakes baccarat. The suit also names the manufacturer of the cards, Gemaco Inc. of Blue Springs, Mo. In addition, Ivey’s alleged accomplice, Cheng Yin Sun, is named in the complaint. According to the report, she was Ivey’s companion on his trips and gave instructions to the dealer.

The technique Ivey is accused of using to gain an advantage over The Borgata Hotel Casino & Spa, called “edge sorting,” is the same one he was accused of using against Crockfords Casino in the United Kingdom. Ivey eventually admitted to noticing a manufacturing defect in the cards at Crockfords, but said it wasn’t cheating. He sued the casino, which withheld his winnings of around $ 12.1 million. That case is still pending.

Both the Borgata and Crockford sessions in question happened in 2012.

Stay tuned for more updates as this story develops.

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Published on 6:30 pm by Administrator

Category: Poker

Tags: , $9.6, Atlantic, casino, Cheated, City, Ivey, Million, Phil, Poker, Says, Sues

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Casino Boss, Web Poker Opponent Sheldon Adelson Gives $16.4 Million To Israeli Space Project

Las Vegas Sands owner Sheldon Adelson gave more than $ 100 million to Republicans during the last election cycle, has promised to “spend whatever it takes” against online poker, and now has given $ 16.4 million to help an Israel non-profit get to the moon.

The Israeli group is hoping to join the United States, Russia and China as the only countries with moon landings.

It is hoping to do so by 2015.

The project — dubbed SpaceIL — is competing with 17 other organizations in a contest from Google. According to Retuers, $ 20 million will go to the first team to land a spacecraft on the moon, make it jump 500 meters, while of course transmitting images and video back to earth.

“As an entrepreneur, nothing is as thrilling as supporting a group of people who have been told that their dreams cannot be realized,” Adelson reportedly said.

Adelson is one of the richest men in the world.

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Published on 6:30 pm by Administrator

Category: Poker

Tags: , $16.4, Adelson, Boss, casino, Gives, Israeli, Million, Opponent, Poker, Project, Sheldon, Space

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Switch Poker’s €500 Bonus For 12th Million Hand

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Published on 12:30 pm by Administrator

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Tags: , 12th, €500, Bonus, Hand, Million, Poker's, Switch

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High-Stakes Online Poker: Viktor Blom Back To $1 Million In Profits On The Year

The past 48 hours or so netted poker pro Viktor Blom more than $ 200,000, bringing his profits on the year to more than $ 1 million once again.

Blom has been incredibly swingy this year, as he was up more than $ 2 million in February. He fell into the hole in the early part of March, before climbing out recently. His solid week came despite losing a sick $ 240,000 pot to Phil Galfond in pot-limit Omaha.

Lifetime, Blom is down around $ 500,000 on Full Tilt Poker, according to HighstakesDB.

Another player who has been up and down lately is Gus Hansen, though that’s much better than just down. Hansen was able to erase around $ 1 million of his lifetime deficit on the software, but gave some of that upswing money back recently. He’s back to being down around $ 16.1 million over his career on the Full Tilt software, which is the most ever.

In other news, Ben “Bttech86” Tollerene opted out of having his long-term results tracked, HighstakesDB said. Tollerene could very well be the biggest winner across all sites so far this year. Other high-stakes pros have opted out before, including Niklas “ragen70” Heinecker.

As a result, any sort of look at the overall winners and losers for the year is increasingly becoming more and more obsolete, unfortunately. The poker community might implode if Blom ever decides to stop having his results tracked.

Blom’s recent profits came at pot-limit Omaha and limit deuce-to-seven triple draw.

Card Player recently interviewed Dan Cates about Blom, after the two had a really heated exchange earlier this month. Cates called Blom a “scumbag.”

Cates is up more than $ 1 million as well in 2014.

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Published on 12:32 pm by Administrator

Category: Poker

Tags: , Back, Blom, HighStakes, Million, Online, Poker, Profits, Viktor, Year

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High-Stakes Online Poker: Dan Cates Wins $1.1 Million In Seven Days

Massive limit deuce-to-seven triple draw games have been running on Full Tilt Poker recently, resulting in some big wins for well-known poker pros.

Dan “jungleman12” Cates has benefited the most, adding tons to his already solid upswing. Over the past seven days on Full Tilt, he’s up $ 1.1 million. This month he’s up $ 1.6 million.

His leads the high-stakes online poker world with nearly $ 2 million in earnings on 2014.

Cates is now in the black $ 9.3 million lifetime on Full Tilt Poker. Over at PokerStars, he’s up around $ 370,000. He has played around 475,000 high-stakes hands between the two sites.

The Maryland native, who plays over in Europe these days thanks to U.S. poker restrictions, was recently united with millions locked up in his Full Tilt Poker account. He received an ACH deposit from the government in the amount of what was in his account when the site shutdown in 2011. Cates had the most stuck out of any of the victims of old Full Tilt.

The other big winner in the $ 1,000-$ 2,000 limit deuce-to-seven triple draw games has been kagome kagome, a high-stakes pro from Germany. He won around $ 920,000.

On the flop side, Viktor “Isildur1” Blom dropped $ 1.2 million over this past week. Russian Alex “PostflopAction” Kostritsyn managed to lose $ 783,000 during the span.

Blom had once been in the black more than $ 2 million in 2014, but now he’s in the hole around $ 175,000. He’s down $ 1.8 million lifetime on Full Tilt.

The big draw games saw the return of Phil “OMGClayAiken” Galfond, who hadn’t played at all this year until March rolled around. He is down around $ 185,000 this month.

Gus Hansen had been on a solid upswing this month, but the past few week or so hasn’t been too great for him. He’s back to approaching $ 16 million in losses lifetime on the software.

Figures via HighstakesDB. Image via PartyPoker.

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Published on 12:30 pm by Administrator

Category: Poker

Tags: , $1.1, Cates, Days, HighStakes, Million, Online, Poker, Seven, Wins

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2014 World Poker Tour L.A. Poker Classic Main Event Builds $5.1 Million Prize Pool

The numbers are in for the 2014 World Poker Tour L.A. Poker Classic $ 10,000 no-limit hold’em main event. A total of 534 players made their way to the Commerce Casino to play in this event, building a total prizepool of $ 5,126,400. The top 63 finishers will make the money, with a min-cash being worth $ 18,970 while the eventual champion will take home $ 1,015,460.

Scott BlackmanAt the end of day 2 less than 175 players remain from the sizable starting field. The chip leader heading into day three is Scott Blackman with 380,000. Blackman had also ended day 1 as the chip leader, and kept ahead of a number of notable players who were nipping at his heels, including Danny Steinberg (280,000), David Paredes (251,000) and Alex Masek (199,900).

Defending LAPC main event champion Paul Klann survived the day with 31,600. In 2013 Klann topped a field of 517 in this event to secure the first-place prize of $ 1,004,090. 2013 runner-up Paul Volpe and third-place finisher Jesse Yaginuma both also made it through to day three.

Here is a look at the payouts:

1st: $ 1,015,460
2nd: $ 662,840
3rd: $ 423,440
4th: $ 332,190
5th: $ 264,520
6th: $ 200,440
7th-8th: $ 137,900
9th-10th: $ 100,480
11th-12th: $ 73,310
13th-18th: $ 54,850
19th-24th: $ 42,550
25th-30th: $ 36,400
31st-36th: $ 31,270
37th-45th: $ 26,660
46th-54th: $ 22,560
55th-63rd: $ 18,970

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Published on 5:30 am by Administrator

Category: Poker

Tags: , $5.1, 2014, Builds, Classic, Event, L.A., Main, Million, Poker, Pool, Prize, Tour, World

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