The house always wins, eh? Bettors and gamblers dropped $1 billion in Nevada during the first month of 2018. That's the 36th time since March 2005 that casinos in Nevada won $1 billion in a single month. January 2018's haul is the best month for Nevada since last March.
Ludovic Lacay was recently profiled in Business Insider for his work with a tech start-up. Lacay was one of the top poker players in Europe and an integral member of Team Winamax. After a decade a grinding, the French pro took a shot at an entirely different career in the tech world. Lacay secured an unpaid internship at a health-based startup in London called Tictrac and quickly moved his way up the ladder. In a short time, Lacay went from poker pro to product manager of a tech start up. Along the way, he implemented many on-the-felt strategies to improve their product.
Another high-profile player joins Team partypoker. German pro Philipp Gruissem is the most recent addition to the ranks of partypoker's sponsored players. In only nine years as a professional, Gruissem won $11 million in live tournaments. Known as ‘philbort' at the virtual tables, Gruissem won another $3.5 million playing online poker. Gruissem is heavily involved in philanthropy and co-founded Raising for Effective Giving, in which poker pros donate 2% of their winnings to high-efficient charities, where donations will have the biggest impact.
Bertrand 'ElkY' Grospellier tweeted a brief statement explaining he is no longer a member of Team Pro at PokerStars. Add ElkY's name to the growing list of pros, including Vanessa Selbst and Jason Mercier, who departed from the ranks of PokerStars in 2018. No other French player has won more money that ElkY, who banked over $13.5 million in live tournament winnings. In 2008, ElkY won the PCA in the Bahamas for a $2 million score and he won the WPT Bellagio later that year. ElkY completed the "Triple Crown" in 2011 after winning his first WSOP bracelet. Let's not forget, poker is ElkY's second career. The professional gamer and esports legend is currently a member of Team Liquid and a Hearthstone pro.
American pro Issac Haxton joined the ranks of Team partypoker. Haxton tweeted he "really pumped" to join partypoker, who has been aggressively signing high stakes pros over the last year including Fedor Holz and Jason Koon. "Party is doing great things," added Ike Haxton, who joins other members of Team partypoker including Sam Trickett, Dzmitry Urbanovich, and Kristen Bicknell.
Quad Queens vs. quad treys for $1 million. The largest bad beat jackpot in American casino history occurred Tuesday night at the Motor City Casino in Detroit, Michigan. The loser of the hand with quad treys and winner of the bad beat took home over $427K. The player with quad Queens earned nearly $213K. With only six playing at the time, the other four earned the table share worth nearly $107K each!
American pro Jason Mercier will no longer be a sponsored pro for PokerStars. After 8.5 years as a Team Pro, Mercier decided to not renew his contract, which expired at the end of 2017. Mercier is a new father and he made the tough decision to stop traveling internationally to play tournaments, while focusing on his family instead. For more details, read Mercier's farewell post on PokerStars Blog. In addition to Vanessa Selbst's venture into hedge funds, Mercier is the second high-profile American pro who did not renew their sponsorships with PokerStars in 2018.
Another American pro is hanging it up in 2018. On New Year's Eve, Vanessa Selbst posted on Facebook her intentions to step away from the game on a professional level. Selbst took the poker world by storm when she was still a student at Yale law school. The 33-year old Selbst amassed $11.8 million in tournament winnings and won three WSOP bracelets. After 12 years in poker, Selbst will shift her focus to the financial world as a strategic analyst at a hedge fund.
Will Fedor Holz conquer eSports next? The German wunderkind banked $26.7 million in tournament earnings in a small window of time (including over $16M in one year). Holz recently stepped away from full-time grinding to pursue other business ventures, but even playing part-time, Holz won over $6M in events this year. Word is out on the street that Holz invested an undisclosed amount into an eSports company that is the parent company of Team Envy and the Dallas Fuel. For more details, read the ESPN UK article.
What are cryptocurrencies? Why is half of my Twitter timeline clogged up with poker pros going nuts about Bitcoin? Why is the other half of Twitter whining about pros bragging about Bitcoin? And what the heck are CryptoKitties? Luckily, we have Doug Polk to get everyone up to speed on Bitcoin and cryptocurrencies. The poker pro, popular YouTuber, and "crypto enthusiast" launched a CoinCentral.com, a news site for all things cryptocurrency. In addition, Polk launched a second YouTube channel to specifically discuss cryptos.
The poker room at the Bellagio Casino in Las Vegas got robbed… in broad daylight… without anyone getting injured. At 3:50pm PT, an armed and masked gunman robbed the cage in the back of the poker room. He quickly exited out the North Valet. The suspect is still on the loose. This incident occurred nearly seven years after the Biker Bandit robbed a craps table at 4am for a $1.5 million haul. The Bellagio Biker Bandit was eventually caught.
After five years, Phil Ivey finally lost his appeal to reclaim £7.7 million (or approximately $10.2 million USD) from Crocksford Club in London. Ivey crushed the Crocksford playing punto banco a.k.a. baccarat during a visit in 2012. The casino's parent company, Genting Casinos UK, refused to pay Ivey his winnings, so Ivey took them to court. The original ruling dismissed Ivey's case on grounds that he was indeed cheating the casino. Ivey claimed he was using "edge sorting" to exploit a loophole in the game. Ivey appealed his case to the Supreme Court, but those five judges ruled unanimously in favor of Crocksford.
Chalk up a huge score for Team Winamax... two times! The leading French online poker company announced the signing of two of the top pros in Europe – Mustapha Kanit and Adrian Mateos. The French online gaming market is on the verge of merging their player pool with Italy, Spain, and Portugal. In advance of this merge, Winamax locked up the top players in Italy and Spain. Mustapha Kanit and Adrian Mateos will join Team Winamax as brand ambassadors, alongside Belgian superstar Davidi Kitai and an impressive list of French pros such as Sylvain Loosli and Gaelle Bauman.
On Sunday evening, a shooter inside the 32nd floor of the Mandalay Bay Casino and Hotel opened fired on a musical festival below along Las Vegas Blvd. Over 500+ people were injured and at least 58 people were confirmed killed at the Route 91 Harvest music festival across the street from Mandalay Bay. The shooting occurred shortly after 10pm local time at the end of the set by Jason Aldean. Authorities identified the shooter as Stephen Craig Paddock, a retired 64-year old from Mesquite, Nevada. Las Vegas Police officials said that Paddock died inside his hotel room with apparent self-inflicted gunshot wound. This devastating incident is the worst mass-shooting in U.S. history. Investigators are still seeking a motive for the massacre.
Poker pros JC Alvarado and Angel Guillen have been busy with earthquake relief efforts in their home country of Mexico. Earlier this week, a 7.1 quake rattled Mexico City. Several Mexican pros and a handful of American online poker exiles living south of the border mobilized to help out any way they could. Stop by JC's twitter page (@JCalvarado1) for more info on how you can join/fund relief efforts. Also, check out a newly launched site – pokermx.life – to send donations for Mexico earthquake relief.
Whenever a tragic natural disaster hits like Hurricane Irma, most people are overwhelmed with a paralyzing feeling of helplessness. They want to help, but do not know the best way to assist those in need. Many charities are simply collecting for the "next" disaster, so the majority of your financial assistance is not exactly going to those currently afflicted. Luckily, PokerStars has lots of experience dealing with various charities. The online poker site recently announced how their players and other members of the poker community can assist with Hurricane Irma Emergency Appeal Fund. PokerStars teamed up with Helping Hands charity to make sure those in need get assistance. PokerStars will be matching their player donations, so every Dollar, Euro, or Pound counts.
The Poker Brat appeared on the Tim Ferriss Podcast. Ferriss, a renowned life hacker and best-selling author behind the 4-Hour Work Week, invited Phil Hellmuth on his show to discuss the tenets of his success. The 14-time bracelet winner shared how he set/achieved career goals, employed money management, and overcame rough times as a professional poker player.
Billy Walters, the legendary sports bettor from Las Vegas, got sentenced to 5 years in prison for an insider trading scheme. Walters also has to pay a $10 million fine. The Federal Government said the 71-year old pro gambler pocketed over $32 million in profits from illegal stock tips in a scheme that also included pro golfer Phil Mickelson. Walters also avoided over $11 million in losses due to insider tips as well. In all, the U.S. Government said Walters stacked the deck in his favor to the tune of $43 million.
One of the brightest newcomers in a very long time made a quick ascension before he abruptly returned from the poker grind... just as a brilliant career was getting started. Fedor Holz instilled terror into the high-stakes community and crushed games all over the globe... before he decided he wanted more in life than money. Whaaaaaa? Yes, Fedor Holz is an interesting cat. He sat down with Doug Polk for a Hit and Run session. Watch/listen here.
Several members of the high-stakes poker community were victims of hacking this past week. Vanessa Selbst, Vanessa Rousso, and Dan Smith were among the high-profile pros who had various encounters with hackers and identity thieves. Doug Polk posted a video outlining the details of the cyber crime, and he offered up tips on how you can protect yourself.
Breaking news... the Bicycle Casino in Bell Gardens, California (located just outside the Los Angeles city limits) was raided this morning by multiple government agencies including Homeland Security, ICE, the IRS, and California Gaming Control Board. The Bicycle Casino, a.k.a. the Bike, is currently under a criminal investigation for money laundering. According to a report by the L.A. Times, the scope of the investigation is unknown due to a sealed warrant.
Say hello to the newest PokerStars Team Pro, Igor Kurganov. The Russian pro is the latest player to get tapped by PokerStars to become one of their ambassadors. Kurganov has been dominant in both live and online poker with over $12 million in live earnings. He's been a regular on the Super High Roller circuit the last few years. Kurganov has donated a percentage of his winnings to charity, specifically Raising for Effective Giving (REG).
Degens gonna degen. Marc Klang claimed a group of poker pros conned him out of a nearly a half million bucks…playing blackjack. One of the villains is former WSOP November Niner John Racener. Here's the cliff notes according to Klang's 2+2 post: “Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.” Read the drama unfold over at 2+2.
Dan Smith a.k.a. Danny98765 online was on a mission to raise money for various charities in 2016. He agreed to match $175,000 in donations and hoped for the best. Just as the year ended, Smith announced that 134 individuals donated funds and he raised over $1.7 million. A generous donation worth over $1 million came from the Crowley brothers, Martin and Tom, both of whom are top-notch DFS pros. Martin Crowley helped get Smith over the $1 million hump with a donation worth over $525,000. Most recently, Smith announced that he received a donation of $500,000 from Tom Crowley, a well-known daily fantasy sports player known as ChipotleAddict. Some of these donations are earmarked for Against Malaria Fund, Give Directly, Schistosomiasis Control Initiative (SCI), and MAPS.
In another weird turn of events in the never-ending saga of Amaya and PokerStars, former Amaya founder David Baazov officially withdrew his offer to buy PokerStars for $4.1 billion. Baazov and a group of investors based out of Hong Kong ready to bankroll his bid to acquire PokerStars from Amaya, but he changed his mind because he felt the shareholders were seeking too high of a price.
Baazzov back in play? After the William Hill/PokerStars buy-out talks fell apart, David Baazov threw his hat back in the ring once again. On Monday, the ex-CEO of Amaya offered to buy PokerStars for $6.7 billion or roughly $17.71 USD per share (or $24 Canadian Dollars). The ball is currently in Amaya's court.
Chalk one up for the casino. Phil Ivey lost an appeal that would have overturned the 2014 ruling on a dispute he had after playing baccarat at Crockfords Casino in London. Ivey claims he used “edge sorting” tactics to win £7.7 million back in 2012. The exchange rate was much stronger in 2012 and the casino disputed the $12.4 million USD win by Ivey, which is now worth approximately $9.6 million.
The votes have been tallied for this year's class into the Poker Hall of Fame. Out of ten initial nominees, only two made the cut: 2001WSOP Main Event Champion Carlos Mortensen and Todd Brunson. They will officially be inducted on October 26th at Binions in downtown Las Vegas. Brunson's father, the legendary Texas Dolly, is already in the HOF.