Friday September 30, 2016 at 3:55 pm
Breaking News
SCOOP

Did PokerStars just bail out the Global Poker League? The GPL got off to a fast start this year, but something strange happened over the summer when the GPL migrated to Las Vegas. The GPL were low on funds and had to borrow cash from deep-pocketed poker pros like Fedor Holz. The funds were paid back late (with interest) but the details sounded a bit shady. During the summer, the GPL canceled the finals at Wembley Stadium in London. Plus, they nixed an appearance at TwitchCon and insiders began to wonder if the GPL was imploding. The second half of the inaugural season kicked off this past week, but we got word this morning from a press release that PokerStars and Mediarex (the GPL's parent company) have entered a sponsorship deal. The details are still fuzzy, but safe to say that any cash flow problems have been nipped in the bud.

GPL Stars
Say hello to GPL's new sponsor: PokerStars!

The Global Poker League just got a new sponsor. Enter the red spade. Sugar Daddy PokerStars to the rescue once again. Yes, PokerStars announced today that they will be sponsoring the Global Poker League. Expect a big-ass red spade to appear on the “Cube” during any future live events. The latest news is a bit surprising because no one saw it coming, especially after the GPL kicked off the second half of its first season this week.

The GPL is the brain child of Alex Dreyfus. He's a visionary but he might have bit off too much than he could chew. The GPL's viewership was not exactly earth shattering during the first half of the season. The GPL garnered some attention this summer in Las Vegas when they introduced the CUBE for the first time. Actor Aaron Paul from Breaking Bad fame took on Fabrice Soulier in a heads-up match featuring the Paris Aviators against the L.A. Sunset. The Cube was definitely something different and it looked like the GPL was gaining steam. Then things got weird.

Over the summer, the GPL announced a few changes notable that they switched the location of their grand finale. It will no longer be in Wembley Stadium. The GPL also announced they were canceling its stint at TwitchCon. The reasons they gave were that many of their top pros wanted to go to Burning Man. Interesting excuse, but legit since many poker people have jumped on the Burning Man wagon. After all, it used to be a fringe event but now it just caters to the uber-wealthy looking to buy a fun time in the middle of the desert. Anyway, the GPL finals will not be at Wembley nor TwitchCon, but in Las Vegas instead.

Dreyfus explained that some of their ideas never came to fruition such as an online merchandise store and a fan interaction app that was almost like Daily Fantasy Sports version of GPL events.

Most recently, the GPL was involved in a mini-scandal involving the borrowing of boatloads of cash from poker pros. Fedor Holz was one of the few high-stakes sharks that were approached by GPL head Alex Dreyfus about a loan during the WSOP. Holz said that he gave US bucks in exchange for a bank transfer. However, the transfer never arrived in the time that was originally stated. Dreyfus apologized and paid up Holz and others in full plus interest. But it demonstrated that the GPL were having serious cash flow issues. Perhaps those were the real reasons for killing the Webley finale and the TwitchCon? That rampant speculation might have been confirmed with the latest news that PokerStars and GPL entered a sponsorship deal. Sounds like PokerStars just bailed out GPL to me.

So now what? There are plenty of GPL players who completely loathe the Red Spade. Sure, it's still the GPL and run by the GPL, but they can't bite the hand that feeds them, so who knows what kind of restrictions…if any…will be set forth for the rest of the season.

I just cut and paste the PR blast….

PokerStars Sponsors Global Poker League in Innovative Team Poker

GZIRA, Malta, September 30, 2016 - Mediarex Sports and Entertainment today announced that PokerStars have become lead sponsor for their Global Poker League (GPL)

PokerStars, the world's largest poker site, is the exclusive online poker sponsor of the Global Poker League, reinforcing Mediarex's aim, to help transition poker from just a player experience to a fan experience. One of the main ways the GPL is aiming to achieve this is through, their signature arena: “The Cube” which helps build excitement, suspense and enables on-site fans to see every angle of gameplay.

“The Global Poker League brings an innovative team-based twist to poker and we are happy to support Mediarex in their quest to bring poker to new audiences”, said Eric Hollreiser, PokerStars' Director of Corporate Communications.

PokerStars has previously supported GPL through the participation in the league of members of Team PokerStars Pros including Liv Boeree, Vanessa Selbst, Jason Mercier and ElkY.

The GPL kicks off again Tuesday, October 4 and the live stream can be viewed every Tuesday, Wednesday and Thursday on PokerStars TV: http://psta.rs/2d8vilP

GPL, CEO, Alex Dreyfus, said “We are optimistic about this partnership, having the support of PokerStars is a crucial step forward on the road to fully establishing the GPL as a real blueprint for poker entertainment in the future. PokerStars offers us a multitude of opportunities to grow our platform and continue developing our two-fold strategy of connecting the League to the poker community and genuinely connecting poker to the mainstream entertainment sector on a large scale.” Fans will also see the iconic PokerStars spade make its mark on The Cube.

PokerStars will be working with Mediarex Sports & Entertainment on a number of promotional initiatives designed to connect both existing and prospective poker fans to the GPL.

The GPL starts with 12 teams from across the globe consisting of a 72-strong roster of pros whose combined live tournament winnings exceed $400 million. The future is bright for team poker events with recent surveys indicated that 56% of poker fans would like to play in team tournaments and an additional 41% would be interested in being part of a GPL team.

Latest news
Friday November 15, 2019 at 10:28 pm
Sam Soverel wins 2019 Poker Masters $50K Main Event and Purple Jacket

American pro Sam Soverel dominated the 2019 Poker Masters at the Aria Casino in Las Vegas with two event victories and seven final tables during the ten-event high roller series. He won Event #7 $25,000 PLO and took down Event #10 $50,000 NL Main Event for $680,000. In total, he banked $1.4 million including the coveted Purple Jacket.

Thursday November 14, 2019 at 8:58 pm
Igor Kurganov and Liv Boeree split PokerStars, Power Up dunzo

Two more well-known pros are no longer sponsored players and members of Team PokerStars. Igor Kurganov and Liv Boeree are no longer with PokerStars as the online poker giants shifts away from traditional sponsored pros. Meanwhile, PokerStars is also pulling the plug on Power Up Poker, one of the many new formats they introduced in the last few years that was more like a video game than old school poker.

Saturday November 9, 2019 at 12:32 am
Correction: Rob Campbell wins 2019 WSOP Player of Year after clerical error

The World Series of Poker issued a statement today to recognize Australian pro Robert Campbell as the 2019 WSOP Player of the Year and not Daniel Negreanu. They incorrectly awarded 2019 WSOP POY to Daniel Negreanu at the conclusion of the WSOP Europe because of a error in their database. After an investigation, the WSOP discovered Negreanu got awarded POY points in an event he did not cash. Campbell wins the 2019 WSOP POY with Shaun Deeb finishing in second place and Negreanu finishing in third place.

Friday November 8, 2019 at 2:58 am
Daniel Negreanu edges out Campbell/Deeb to win 2019 WSOP Player of the Year

Daniel Negreanu secured the 2019 World Series of Poker Player of the Year with a strong performance at the WSOP Europe at King's Casino in RozVegas that included seven cashes and a final table. Kid Poker caught Australian pro, Robert Campbell, who went into the WSOPE as the POY leader. Negreanu, a 6-time bracelet winner, won his third Player of the Year title, but became the first player to win POY without securing a bracelet victory.

Wednesday November 6, 2019 at 8:18 pm
PokerStars goes live in Pennsylvania

Pennsylvania, now the fifth largest state in America after edging out Illinois with 12.8 million residents, officially has online poker again when PokerStars PA went online during a soft launch on Monday. The official launch will be Wednesday, November 6, 2019.

Tuesday November 5, 2019 at 3:02 am
2019 WSOP Europe: ElkY wins Colossus for 2nd bracelet

The 2019 WSOP Europe concluded with the 15th and final event at the King's Casino in RozVegas. French pro Bertrand Grospellier, otherwise known as 'ElkY', won the Event #15 €550 Colossus NL for his second career bracelet. Elky faded a field of 2,738 runners to win €190,375. Shaun Deeb finished in 11th place but missed out on catching Daniel Negreanu for 2019 WSOP Player of the Year.

Monday November 4, 2019 at 8:20 pm
Geoffrey Hum wins 2019 WPT Montreal for $500,000 CAD

Nova Scotia's Geoffrey Hum outlasted 1,109 runners and an insanely difficult final table to win the 2019 WPT Montreal at the Playground Casino in Montreal. Hum defeated Colorado's Adedapo Ajayi heads-up to win $500,000 CAD. The rest of the stacked final table had over $46 million in career cashes including Joseph Choeng, Mike Watson, Kristen Bicknell, and Swedish pro Martin Jacobsen. Hum also won a seat into the season-ending TOC in Las Vegas in 2020.

Friday November 1, 2019 at 12:15 am
2019 WSOP Europe: Alexandros Kolonias wins 2019 Main Event for €1.13 million

Greece's Alexandros Kolonias outlasted a field of 541 players to win the 2019 WSOP Europe Event #14 €10,350 Main Event. Kolonias outlasted a final four that included Italian pro Dario Sammartino, American pro Anthony Zinno, and Germany's Class Segebrecht. Sammartino, the runner-up at the 2019 WSOP Main Event in Las Vegas, finished in fourth place. Anthony Zinno busted in third place. Kolonias knocked out Segebrecht to win the bracelet and €1,133,678.

Thursday October 31, 2019 at 2:01 am
Telex
WSOP Europe Main Event: Anthony Zinno leads final 6

The 2019 World Series of Poker Europe Main Event Championship is down to the final table of six players at the King's Casino in RozVegas. Anthony Zinno is the big stack with 16.8 million. Also still alive are Dario Sammartino, Rifat Palevic, Alexandros Kolonias, Anh Do, and Class Segebrecht. On Thursday, someone will win the bracelet and €1.13 million in cash. Follow WSOP for updates starting at 2pm local time in RozVegas.

Friday October 25, 2019 at 10:32 pm
2019 WSOP Europe: Chin Wei Lim wins €100K Diamond High Roller for €2.2 million

Chin Wei Lim, a high roller from Malaysia, won his first WSOP bracelet with a victory in WSOP Europe Event #12 €100,000 Diamond High Roller. Chin Wei Lim defeated Jean-Noel Thorel heads up to win the bracelet and €2,172,104. Phil Ivey went deep with an eighth-place finish. Earlier in the week, Lim took second in the €250K Super High Roller.

Wednesday October 23, 2019 at 9:55 pm
2019 WSOP Europe: Besim Hot wins €25,500 Mixed Games, denies Phil Hellmuth Bracelet #16

Besim Hot won his first bracelet with a victory in 2019 WSOP Europe Event #10 €25,500 Mixed Games Championship. Hot outlasted a difficult final table and picked off Phil Hellmuth heads-up to win €385,911. Daniel Negreanu finished in sixth place, which propelled him into the overall lead in the 2019 WSOP Player of the Year race.

Wednesday October 23, 2019 at 12:32 am
2019 WSOP Europe: Aussie pro Kahle Burns wins €25,500 Platinum High Roller

Australian pro Kahle Burns won his first bracelet with a victory in 2019 WSOP Europe Event #8 €25,500 Platinum High Roller. Burns banked a score worth €596,883 for outlasting a final table that included WSOP Main Event champ Hossein Ensan, Sam Trickett, Tim Adams, Alex Foxen, and WSOP POY Leader Robert Campbell. Burns knocked out Sam Trickett in second place and denied Trickett's decade long quest to finally win a bracelet.

Tuesday October 22, 2019 at 1:45 am
2019 WSOP Europe: Siamak Tooran, Tomas Fara, Espen Sandvik, Vangelis Kaimakamis win bracelets

Action at the 2019 WSOP Europe continued at the King's Casino in RozVegas. Espen Sandvik outlasted a mixed games final table that included Jeff Madsen and Phil Hellmuth to win WSOPE Event #5 €2,500 8-Game Mix for €75,246. Siamak Tooran outlasted a field of 111 players to win WSOP Europe Event #6 €25,500 Short Deck High Roller NL for a score worth €740,996. Tomas Fara from the Czech Republic outlasted 377 runners and won WSOPE Event #7 €1,100 Turbo Bounty Hunter NL for €59,904. Meanwhile, Greece's Vangelis Kaimakamis faded 766 players to win WSOPE Event #3 €1,350 Mini Main Event for €167,056.

Friday October 18, 2019 at 9:38 pm
2019 WSOP Europe: James Chen wins €250,000 Super High Roller

James Chen rallied back from a short stack at the final table to win the 2019 WSOP Europe Event #4 €250,000 Super High Roller at the King's Casino in RozVegas. Chen banked €2,844,215 and outlasted a final table that included Cary Katz, Tony G, Christoph Vogelsang, and Chin Wei Lim. Chen defeated Lim heads-up for the bracelet, which would be the first ever for Taiwan.

Thursday October 17, 2019 at 7:33 pm
2019 WSOP Europe: Dash Dudley wins another PLO bracelet

American pro Dash Dudley won his second PLO bracelet of 2019. He took down his first bracelet earlier this summer in Las Vegas at the 2019 WSOP, and he added a second one with a victory in 2019 WSOP Europe Event #2 €550 PLO by fading a field of 467 players to win €51,600. In Event #1 €350 NL Opener, Jeff Lisandro made the final table but busted in 8th place. Ukraine's Renat Bohdanov went on to win the first event at the WSOP Europe.

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