Posts Tagged ‘Online’

Carbon Online Poker Series Kicks Off In Early May

Carbon Poker is featuring the return of the Carbon Online Poker Series in May, with 80 events boasting a total of $ 2 million in guarantees.

The 15-day series kicks off May 4 and concludes on May 18 with nine different main events with $ 500,000 in guarantees up for grabs. Main event buy-ins range from just $ 1.10 to $ 530.

In addition to no-limit hold’em, the Carbon OPS will also feature H.O.R.S.E., pot-limit Omaha eight-or-better, badugi, pot-limit Omaha, stud eight-or-better, razz, limit hold’em and stud, with a minimum of four events each day.

Players looking to satellite their way into Carbon OPS events can utilize the various levels of six-max turbo and hyper turbo sit-n-gos, with buy-ins as low as $ 0.21 awarding cash and coupons.

U.S. players welcome.

If you’d like to play but don’t yet have a Carbon Poker account, click on the banner below. Card Player readers are eligible for an initial deposit bonus of 200 percent up to $ 5,000.

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CardPlayer Poker News


Published on 12:30 am by Administrator

Category: Poker

Tags: , Carbon, Early, Kicks, Online, Poker, Series

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One-Year Anniversary Of Nevada Online Poker Reveals Successes, Challenges And Goals For Future

Today marks the one-year anniversary of the first hand of real-money online poker in Nevada.

On the morning of April 30, Ultimate Poker, an offshoot of Station Casinos, launched real-money online poker in the Silver State. Its first hand was the first ever in a U.S. jurisdiction that licenses and regulates the Internet gambling industry.

It was a long time coming.

Nevada said OK to online poker in the summer of 2011, and regulators drafted rules, which were adopted in December 2011, for the fledgling industry in the following months. For many, pretty much all of 2012 and some of 2013 was spent trying to guess which site would be the first to the market. Ultimate Poker was the victor.

Since Ultimate Poker’s launch, products from the World Series of Poker, under the Caesars umbrella of ownership, and South Point Casino (Real Gaming) have hit Nevada cyberspace.

According to PokerScout, Ultimate Poker’s traffic in Nevada has been declining over the past six months, while the WSOP has been more or less holding steady since it debuted in September. Real Gaming’s traffic has been almost non-existent since its February launch.

Traffic for Ultimate Poker has dropped from an average of 150 cash game players online at any given time to just about 60, over the course of the past six months. The WSOP’s site has gone from around 110 to less than 100, during that time span. Numbers for both sites should increase during the summer, as thousands of poker players head to Las Vegas to compete for bracelets or participate in the side action that surrounds the live tournaments.

Tobin Prior, CEO of Ultimate Gaming, told Card Player that the market size in the jurisdictions where online poker is regulated has been below expectation. In addition to Nevada, New Jersey and Delaware have fledgling web betting industries. Nevada’s is only poker, while the other two also have other forms of casino games on the Internet.

“Nevada obviously is pretty interesting in that it was the pioneer for online gaming,” Prior said. “It took a pretty conservative approach in a number of regards. Firstly, they went with online poker only, and went with the kind of regime where you needed to get your product fully compliant in the labs before they would permit you to go through a field trial situation.”

It took until July for Ultimate Poker to have its full-fledged product approved.

Market Size

In the time between the initial launch and February, Nevada’s online poker industry has grown to more than $ 800,000 a month. That’s the money the three sites rake in from players. A total of $ 8.5 million in online gaming revenue was realized from April 30, 2013 to Feb. 28, 2014. The state benefits by being able to tax revenues generated from online gaming action.

While that figure has been less than what was hoped for, the past 12 months have been crucial for setting up a successful future for Internet poker not only in Nevada, but for the rest of the country. Other states—such as California and Pennsylvania—that are discussing possible legalization have obviously taken a hard look at how things have gone so far in Nevada.

“I think the big noteworthy achievements in Nevada [was that] going first had a lot of risk; a lot of people were watching to see if things worked, so it was really important it did work—that you could geo-locate people, that you could determine their age, that you could operate a regulatory compliant online gaming operation in the state,” Prior said.

“So those were the biggest achievements: that the regulations could be implemented and that technology could work, so you could run it in a fashion that the regulators wanted.”

If you forget the numbers for a minute and just consider that there hasn’t been any scandal related to online poker in Nevada, the first year has been an overwhelming success for not only the firms, but also the state. The regulations worked.

Payment Processing Issues

Though, in order to make online poker work, as has been proven by the smaller-than-expected market size, there is a need to constantly tweak things and make it easier for players to get money on and off the site.

That’s arguably more important than the overall aesthetics of a site.

Before Nevada going live with regulated online poker, the industry operated in a legal gray area, with the only way to play real money poker being through an offshore operator. That history has plagued the regulated industry so far in Nevada when it comes to payment processing.

“One of the biggest things we didn’t anticipate that we would have quite this much trouble on was the payment processing,” Prior said. “One assumed that when online gambling legalized most of the banks and credit card companies were going to embrace that legitimate activity and support transactions. But we still have a large issue with them not processing charges.”

“People are used to using a Visa card, for example, and when they experience problems with it they don’t suspect that there’s a Visa issue there but instead a problem with legitimate sites. And of course many can still process Visa transactions on unregulated sites.”

In other words, the financial institutions have been slow to recognize the new legality of web gaming in select states. The consensus is that they will eventually relax their restrictions.

There really is no bigger headache for players than having trouble depositing onto a site. And if you combine that with all the checkpoints needed to make sure a player is of legal age to play, within the physical borders of Nevada, and who they say they are, the work needed to be done prior to playing a single hand has proven to be a roadblock for the new industry taking off.

“It’s a lot more onerous for the customer than what they have been used to,” Prior said. “That definitely has an impact on the size of the market. It’s also difficult to move people who are playing on unregulated sites off those sites to a regulated gaming environment. That has been an interesting challenge. Implementing all the new technologies and guiding customers through it has been a learning curve for the consumer in the market and us.”

State officials have been looking at the issue as well, in addition to trying to figure out ways to increase the potential pool of customers that can access the online poker sites. In the first year of Nevada online poker, the Silver State has already inked a deal to eventually partner up with Delaware, allowing residents in both states to spend with sites in either jurisdiction.

Job Creation In Nevada

One of the reasons why Nevada legalized online poker in the first place was to help the state’s economy. Gaming of course is a dominant player in Nevada, and it’s responsible for jobs for many residents. Online poker was seen as a way to add highly-skilled jobs to the workforce.

“The reality is that jobs have been created,” Prior said. “We have grown in Nevada to over 60 full-time employees. There is very real and meaningful job creation. It is an entirely new business. These are not jobs that we have taken out of our other operations.”

And so far, there has been no indication that online poker has in any way taken away from brick-and-mortar visitation and spending. In fact, many casinos agree that, if done right, online gaming can create a synergy between the two spheres. Year one hasn’t revealed the full extent of this, but if Ultimate Poker can be used as an example, the fact that customers have been utilizing the option to deposit at a Station Casino location, online poker has brought people into a physical casino, and that alone can be positive for the property.

Though it has been a slow process, Nevada has laid the groundwork to be an online gambling hub in the United States, as Gov. Brian Sandoval outlined just a few years ago.

Dozens of firms have been licensed to offer online poker in Nevada, and as time goes on more are expected to test the waters. That means more jobs for the state and possibly an increase in live poker tables as well. The online poker boom during the 2000s increased the popularity in the game, one that spilled over into “real life” as well.

The year 2013 marked the first time since 2007 that poker revenues increased in Nevada.

Revamping the Software

Prior called the process of developing upgrades to his company’s software, getting them tested by the labs and then approved by Nevada regulators “time consuming.”

But it’s necessary, he said.

“It’s important to improve our product in line with what consumers expect and want. It’s one of the prime areas of focus for us right now,” he said. “A lot of the technologies that we pioneered [in Nevada] are getting better by the day.”

The company has been working on “refining” its technology and always focusing on making its product more attractive to gamblers. In the coming weeks, the firm will release another version of its software, likely providing players with a game that is closer to what they are used to.

However, some of the upgrades are as simple as increasing the options for poker players. When Ultimate Poker launched, limit Texas hold’em and no-limit Texas hold’em ring games ranging from $ 0.01-$ 0.02 to $ 10-$ 20 were the only cash games available.

Of course, year one isn’t the only time during which big changes will be made to online poker sites in Nevada. It is obviously a perpetual process, one that will be ongoing as long as there is an online gambling industry within the Silver State. Growth is the name of the game.

Prior added that the value of all the work done by the customer to get their age, identity and location checked “will come with time.” In other words, there should be a time in the future when online gamblers realize the importance of all these efforts to make the games, and their funds, safe and secure and eventually ditch unregulated sites for good.

Federal Online Poker Bill Drawing Slim

One of the key developments in the first year of Nevada online poker is the industry’s further realization that a federal bill authorizing the activity is almost surely not going to happen. The odds are basically astronomical, and the firms, as well as the state, have adjusted to this reality.

Prior said that the chances of a federal online poker bill are “pretty remote.” Prior pointed out that only about four percent of the entire population of the United States lives where online poker is legal and regulated, so while very unlikely, a federal bill is of course preferable.

Revenues below expectations so far make a nationwide network seem even sexier, but that is not in the cards for the industry. “We will follow whatever route to market that we can,” Prior said. “If it goes state-by-state, then we’ll pursue that. If it goes federal, we’ll go along with that.”

Even though the federal government is unlikely to act in any way on the online poker issue, past decisions by lawmakers on Capitol Hill are still impacting the industry—namely through the 2006 Unlawful Internet Gambling Enforcement Act (UIGEA). That law has made payment processing to this day difficult, even for the regulated U.S. sites, and most of the work right now is to figure out ways to undo online poker’s past.

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CardPlayer Poker News


Published on 12:30 pm by Administrator

Category: Poker

Tags: , Anniversary, Challenges, Future, Goals, Nevada, OneYear, Online, Poker, reveals, Successes

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Minnesota Looking To Ban Online Gambling

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CardPlayer Poker News


Published on 12:32 am by Administrator

Category: Poker

Tags: , Gambling, Looking, Minnesota, Online

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TonyBet Online Open Face Chinese Poker Series Kicks Off

A week ago TonyBet Poker announced the launch of the first Open Face Chinese Poker series in online poker history. On Monday, that history became a reality as the first event of the series, called “My First Trike” kicked off at 10 p.m. (UTC+3).

The first out of 12 tournaments featured a €10 buy-in and €1,000 in guaranteed prize pool giving players the chance to warm themselves up before the bigger events.

In his interview with Card Player last week, the TonyBet founder Tony G said he was expecting overlays and it seems he was right. At the time of writing there were 63 players registered for the first tournament of the series. It doesn’t take a genius to figure out that a €10 buy-in event with €1,000 in guarantees needs at least 100 entrants to gather the prize pool.

We caught up with Tony for another quick chat today to ask how the series was going.

“It’s going really well actually”, Tony replied. “I honestly expected to have 100 players in the first event, but I’m also happy with what we have now. As I said before, this is our gift to the players. I invited everyone to play and a lot of people RSVP’d with a “YES”. I can already see these people in the players’ list and I’m sure more will come within the final minutes.”

When asked whether he’ll be playing the events himself, Tony pulled out some of that G character, that the poker community loves him for.

“Of course I will! Not playing this event is simply out of the question. Look, I’m a nice guy and all, but when I’m at the tables, I want to rip everyone’s guts out and eat them for lunch! That’s how devoted I am to this game. I’m ready to destroy everyone who makes the mistake of standing in my way. You want a piece of Tony G? Come and get me!”

The site has also announced it’s running both paid and free satellites to all OFC Poker Opener events allowing players to enter the tournaments for a lot less that the original buy-in or even for free.

For more details on this Open Face Chinese poker series go to the OFC Poker Opener page.

Here is the full Tournament Schedule:

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CardPlayer Poker News


Published on 12:30 pm by Administrator

Category: Poker

Tags: , Chinese, Face, Kicks, Online, Open, Poker, Series, TonyBet

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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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CardPlayer Poker News


Published on 12:30 pm by Administrator

Category: Poker

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

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Former Presidential Hopeful Opposes Online Poker

Despite the game being called Texas hold’em, and a Congressman from Texas (Rep. Joe Barton) with an online poker bill sitting in the U.S. House, Lone Star State Gov. Rick Perry has basically come out in support of a federal ban on Internet gaming, The Hill reported.

Perry, a Republican, once was trying to run for President, something that could actually happen again. He sent a letter to Congress on Monday urging action against web betting.

“Congress needs to step in now and call a ‘time-out’ by restoring the decades-long interpretation of the Wire Act,” Perry wrote in the letter. “When gambling occurs in the virtual world, the ability of states to determine whether the activity should be available to its citizens and under what conditions…is left subject to the vaguaries of the technological marketplace.”

The law Perry mentioned was re-interpreted in December 2011, paving the way for states to pursue online gaming within their respective borders. Some think that goes to far.

The man who is spending big money to reverse, or at least stall, the spread of real-money online gaming in the United States is billionaire Sheldon Adelson, who owns Las Vegas Sands Corp., one of the largest casino developers in the world. He has backed a coalition to oppose online gaming, asserting that he is “willing to spend whatever it takes.”

Adelson has said he thinks online games would hurt brick-and-mortar gambling, as well as be detrimental to American society, especially young people.

According to The Hill, Perry received campaign money from Adelson in 2007.

Just last week, a couple of lawmakers, Lindsey Graham (R-South Carolina) and Jason Chaffetz (R-Utah), have introduced a bill that would ban online gaming.

Right now, Nevada, New Jersey and Delaware all have legalized web gaming of some kind. Other states, including California, Pennsylvania and New York, are considering it.

A federal ban on online gaming is probably very unlikely.

New Jersey lawmaker Ray Lesniak, who spearheaded the Garden State’s foray into Internet gaming, told Card Player late last year: “There is no way Congress is going to shut the doors on New Jersey after we are generating hundreds of millions of dollars in revenue from Internet gaming. There is no way Congress would shut that down and there is no way the New Jersey Congressional Delegation would do that. I don’t believe there is any way Congressional representatives would do that to other states because then it could happen to them as well.”

He added: “Adelson is fighting a losing battle. You cannot shut down the Internet. He has given himself an impossible task no matter how much money he has to spend.”

Comments

Staphylococcus


3 hours ago

“the ability of states to determine whether the activity should be available to its citizens and under what conditions…is left subject to the vaguaries of the technological marketplace”

Why is the state responsible for what is “available” to me? Again, the republican party needs to make its mind up. Are you for more government or less government? Perry, you will never make it higher than Governor, and the only reason you made it to Governor is because it’s Texas. Do something worthy of taxpayer dollars.

Reply

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CardPlayer Poker News


Published on 6:31 pm by Administrator

Category: Poker

Tags: , Former, Hopeful, Online, Opposes, Poker, Presidential

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Online Poker: Dan Cates Big Winner In March

The month of March featured a lot of action at the high-stakes online poker tables on PokerStars and Full Tilt Poker. Some of the game’s best tangled in big-bet games, as well as in nosebleed limit variants, like the popular deuce-to-seven triple draw.

A pair of Maryland natives led the way in both the win and loss columns. Here’s a look at who was up and who was down, according to tracking data from HighstakesDB.

Winners

Dan “jungleman12” Cates — $ 767,518
Crazy Elior — $ 308,172
SanIker — $ 204,842
Jens “Ingenious89” Kyllonen — $ 181,903
Dan “w00ki3z” Cates — $ 180,605
Doug “WCGRider” Polk — $ 146,732

Losers

Phil “OMGClayAiken” Galfond — $ 666,198
Phil “Polarizing” Ivey — $ 356,423
Ronny “ronnyr37617” Kaiser — $ 355,975
Patrik “FinddaGrind” Antonius — $ 299,686
Gus Hansen — $ 280,774
Viktor “Isildur1” Blom — -$ 167,011

Both Cates and Blom are up more than $ 1 million on the year, while Gus Hansen is down around $ 1.7 million. He was approaching $ 17 million in losses lifetime on Full Tilt.

March also marked the return of MalACEsia, an unknown account from Macau. MalACEsia was the catalyst for massive no-limit hold’em games last year. He took a long break after losing tons. Could historic no-limit hold’em games begin running again?

The largest pot on the month was a $ 240,000 monster between Galfond and Blom.

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CardPlayer Poker News


Published on 6:30 pm by Administrator

Category: Poker

Tags: , Cates, March, Online, Poker, WInner

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New Jersey Senate Panel Approves Bill To Allow Foreign Online Gambling Companies To Do Business

Atlantic CityA New Jersey Senate panel has approved a bill that would allow foreign online gambling operators to base their operations in the state. Once licensed and partnered with an existing Atlantic City casino, the companies could then offer gambling, as well as online poker, in countries where it is legal.

The measure, introduced by Sen. Ray Lesniak, has a chance to revitalize struggling Atlantic City as an online gaming hotbed.

“This could help make New Jersey the leader in online gaming, across the country and around the world,” said Lesniak in a statement. “We could be the Silicon Valley for high-tech gaming.”

Any products offered by these foreign operators would also be subject to New Jersey’s existing 15 percent tax rate, minus any taxes given to other countries for their resident’s play.

New Jersey recently revised their online poker market projections from the online gambling industry and is now on pace to collect $ 34 million in tax revenue. Any business brought in from off-shore operators would only help to improve those numbers.

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Published on 6:30 pm by Administrator

Category: Poker

Tags: , Allow, Approves, Bill, Business, Companies, Foreign, Gambling, Jersey, Online, Panel, Senate

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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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CardPlayer Poker News


Published on 12:32 pm by Administrator

Category: Poker

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

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Online Poker: Galfond, Blom In $240,000 Pot

The biggest pot in March from the high stakes online poker world came yesterday in a vicious match between Phil “OMGClayAiken” Galfond and Viktor “Isildur1” Blom.

The action began with Galfond ($ 120,000) raising the button to $ 1,600. Blom ($ 200,000) three-bet to $ 5,400, and Galfond made the call. The flop fell JClub Suit 3Diamond Suit 2Diamond Suit.

Blom fired $ 7,200, and Galfond just called.

The 7Spade Suit landed on the turn.

Blom barreled again, this time for $ 16,800. Galfond made it $ 75,600. Blom elected to put the Maryland native all-in for around $ 32,000 more. Galfond, of course, made the call.

The cards were tabled, and Blom held the ASpade Suit AClub Suit KDiamond Suit QDiamond Suit, while Galfond exposed the JHeart Suit 9Heart Suit 7Heart Suit 4Heart Suit. Blom had the commanding lead on the flop, but the turn gave Galfond two pair. According to Card Player’s pot-limit Omaha odds calculator, Galfond’s hand holds about 65 percent of the time. The pair elected to run it twice, however.

The first river was the QClub Suit, which was safe for Galfond. The second river brought 10Heart Suit — also a card that was not what the Swede needed.

Galfond raked in the massive $ 240,000 hand.

Despite losing that hand (also the sixth largest so far in 2014), Bloom managed to be up around $ 300,000 when the match against Galfond was over, according to HighstakesDB.

As of Monday, Blom was up around $ 1 million on 2014, while Galfond was in the hole nearly $ 1.2 million. Their match together this weekend reportedly lasted 12 hours.

They were playing four tables of $ 300-$ 600.

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CardPlayer Poker News


Published on 6:30 pm by Administrator

Category: Poker

Tags: , $240000, Blom, Galfond, Online, Poker

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