Monday, February 27, 2012

NSW Premier delighted with new Sydney casino plans; Packer Crown Limited pending jackpot

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The Australian casino (or gaming) wars have got to a whole new level. It's Packer's Crown VS Echo Entertainment in an almost 'State Of Origin' type battle for the bulk of Australia's land based casinos. One that will take place in a boardroom, rather than on a football field, but make no mistake - it's war.

But, there is no war but peace between Crown Limited and NSW Premiere Barry O'Farrell.

The New South Wales Premier Barry O'Farrell advised he is very pleased with plans for a second Sydney casino at Barangaroo.

James Packer's Crown Casino - Crown Limited gaming giant desires to construct a world class hotel, casino and entertainment complex at the site based Sydney Harbour.

It's a given that Packer has been watching the success of Echo Entertainment's The Star, which overlooks Sydney Harbour - but has recently got itself into a few scandals.

Last week Crown Limited increased its stake in Echo Entertainment, which runs The Star casino.

Mr O'Farrell says the proposal for a second venue would bring jobs and tourism to Barangaroo, however it would need to achieve regulatory approval before moving forward to development.

John Lee from the Tourism Transport Forum says it would add life to the area.

"You only have to go to Melbourne and see that area around the Yarra River, yes there's Crown Casino there, but there is also movie cinemas, bowling alleys - there's all sorts of things that entertain people when they go to the precinct," he said.

"It's actually a place now, or a destination that people love to go to."

Currently the law allows for only one Sydney casino licence until 2019.

Greens MP John Kaye says Sydney does not need a second casino.

"There shouldn't be a back door deal between the Packers and the Premier - this should be a matter of public debate," he said.

"If you put this to the people of New South Wales they will say no to a new casino because they know it increases problem gambling, they know it increases connections to organised crime."

Packer and his team have a history of getting things done... perhaps move than that of say Prime Minister Julie Gillard.

Watch this space.


NSW Premiere Barry O'Farrell applauds Packer proposal for a second casino...

The NSW Premier, Barry O'Farrell, has embraced plans by James Packer's group for a hotel and second Sydney casino at Barangaroo on land set aside as playing fields for office workers.

On Friday Mr Packer's casino group, Crown, advised Mr O'Farrell that Crown wanted a second Sydney casino as part of a hotel and restaurant complex in the centre of the harbourside site, which the Barangaroo Delivery Authority says is intended for "civic, educational and recreation spaces".

Mr O'Farrell said: "I think it's an exciting proposal which could add extra life to Barangaroo, give Sydney another world-class hotel, generate jobs and boost tourism."

The plan also involves building a 5 star hotel well north of the proposed commercial precinct, ensuring guests on upper floors have unobstructed views of the Sydney Opera House and the Heads.

"It's the sort of tourism-related investment we want in Sydney but everyone's aware there are a range of regulatory approvals needed before it could proceed," Mr O'Farrell said.

Those approvals include permission from government bodies for a second Sydney casino because the law now allows only one licence until 2019.

On Friday Crown increased to 10 per cent its stake in Echo Entertainment, which owns the Star casino, and has sought permission from regulators to increase its stake further.

If Crown Limited can gain control of the Star, its executive chairman, Mr Packer, could in fact pursue his plan for a Barangaroo casino to operate under an extended licence for the Star.

He has flagged that such a casino would not need poker machines and could simply have gaming tables, of which the Star can have an unlimited number.

As well as approval for a second casino, Crown Limited or another developer would need the government to change planning rules for the site which now restrict any building to 30 metres high and allow only 60,000 square metres of development in the whole of Barangaroo Central.

Last week a US landscape architect, Peter Walker, who has been retained to design Barangaroo's headland park, revealed that his plans included open playing fields for office workers, similar to the Domain on the eastern side of the central business district.

He has also proposed an outdoor space or amphitheatre for concerts in the central area of Barangaroo, which is proposed as a transition between the commercial towers in the south and the headland park in the north.


James Packer planning $1.5bn casino investment...

Crown Limited plans to spend more than $1.5 billion on building new luxury hotels in Sydney and Perth, after boosting its investment in rival casino operator Echo Entertainment, Crown's executive chairman James packer advised The Australian Financial Review.

Mr Packer's plan to expand the Crown chain beyond Melbourne is part of a campaign to attract wealthy Chinese gamblers aka "Oriental whale VIP high rollers" to Australia's shores, he told the newspaper.

“Australia needs to have truly world-class hotels,” he said, acknowledging that regulators would probably raise competition concerns.

“I want to build one in Perth and one in Sydney to go with what we have in Melbourne. It puts these cities on the map."

Mr Packer's comments come after Crown spent more than $250 million lifting its stake in Echo, which owns The Star casino in Sydney, and Jupiters on the Gold Coast, to 10 per cent, from 4.9 per cent previously.

Echo rejected Mr Packer's call for representation on the company's board.

*the writer is an investor in Crown Limited, Network Ten and Virgin Enterprises

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Saturday, February 25, 2012

Crown Limited - James Packer keen on Barangaroo for Sydney casino complex, by Greg Tingle

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The Australian casino (or gaming) wars have got to a whole new level. It's Packer's Crown VS Echo Entertainment in an almost 'State Of Origin' type battle for the bulk of Australia's land based casinos. One that will take place in a boardroom, rather than on a football field, but make no mistake - it's war.

A takeover war is hovering over the head of Echo Entertainment...the owner of Sydney's The Star casino...as James Packer yesterday made an audacious bid to be represented on the company's board.

The Star has been recently embattled in a scandal regarding inappropriate behaviour of a former director, so its all very interesting timing, and perhaps sees them in a weak position at the moment. Channel Seven is also planning follow up stories on The Star, and to Joe Blogs the casino does like a bit like a soft target right now.

Mr Packer's Crown yesterday fired off a missile more than doubling its stake in The Star's owner to the current 10 per cent maximum it is allowed to hold. Crown also applied to NSW and Queensland authorities for permission to go above the 10 per cent cap: prompting talk Mr Packer wants to in fact take over Echo.

This is understood to be the big move in plans to build a land based casino at Sydney's Barangaroo.

In paperwork sent off to Mr Packer yesterday, Echo Entertainment chairman John Story rejected Mr Packer's board bid.

Mr Packer told Rupert Murdock owned The Daily Telegraph he was "disappointed" in the reaction: "This is a good synergy for both companies, and today's rise in Echo's share price shows that the market thinks so as well," he said.

Mr Story's letter to Mr Packer stated in part: "The board believes that it is inappropriate for a Crown nominee to be appointed to the board as Crown is a competitor organisation. Accordingly, we will not agree to your request."

There have been some signs of an unhealthy business relationship between the two outfits in the lead-up to yesterday's announcement by Crown.

One source of tension has been Echo's constitution, which details a cap preventing any one party from having "voting power" of more than 10 per cent of Echo. Late last year, senior Packer advisor Guy Jalland let loose an attack on Echo's shareholder limit, describing it as a "poison pill" that was not in the interests of the company's shareholders.

Key sharemarket analysts have tabled that Echo Entertainment is one of the market's most obvious takeover targets because of its strategic value to Crown - already a giant in the gaming sector in the Asia Pacific region.

The theory was tested in Echo shares yesterday, which leaped up 50 cents to $4.30 on the understanding that Mr Packer would now move forward a takeover bid.

There was also speculation yesterday that Crown may be looking for a slice of Echo's high-roller VIP "whale" business. The Star has improved its performance in the "whaling" sector since its relaunch late last year.

Packer has torpedos and plenty of bait to snare in Echo. Echo's original "whales" will help with Packer's bottom line net profit, and further helps cement his place as one of the world's real big fish casino moguls. Echo is a touch on the nose at the moment, thanks to the scandal that rocked their boat and captain Packer and his loyal shipmates look poised to go in for the kill.

Will it be ships ahoy, fair winds or man overboard? Stay tuned as the Media Man agency continues to probe to probe the murky waters of the Australian casino wars.


James Packer planning $1.5bn casino investment...

Crown Limited plans to spend more than $1.5 billion on building new luxury hotels in Sydney and Perth, after boosting its investment in rival casino operator Echo Entertainment, Crown's executive chairman James packer advised The Australian Financial Review.

Mr Packer's plan to expand the Crown chain beyond Melbourne is part of a campaign to attract wealthy Chinese gamblers aka "Oriental whale VIP high rollers" to Australia's shores, he told the newspaper.

“Australia needs to have truly world-class hotels,” he said, acknowledging that regulators would probably raise competition concerns.

“I want to build one in Perth and one in Sydney to go with what we have in Melbourne. It puts these cities on the map."

Mr Packer's comments come after Crown spent more than $250 million lifting its stake in Echo, which owns The Star casino in Sydney, and Jupiters on the Gold Coast, to 10 per cent, from 4.9 per cent previously.

Echo rejected Mr Packer's call for representation on the company's board.

*the writer is an investor in Crown Limited, Network Ten and Virgin Enterprises

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Wednesday, February 22, 2012

PartyPoker: Online Poker News - Maximus Pointus March! The Gladiator returns to the arena

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Daily targets now start at just one point - new elite targets for most dedicated

Starts: 00:00 ET on 1st March, 2012
Ends: 23:59 ET on 31st March, 2012

Step into the arena for a month of exciting poker action where you could emerge with prizes fit for a champion. The minimum daily points target is just one point – so all you have to do to receive your first reward is to hit the minimum daily points target for a period of five days. The first reward you could claim is a much-deserved entry into a $500 freeroll.

The more days you earn points on, the bigger your prize. There’s up to $4,000 in cash to be won and anyone who wins a cash prize will also claim a seat in a $25,000 freeroll, giving you even more chances to win.

Finally, we've added a massive incentive for the most dedicated players. Earn 1,200 points on 30 days and you’ll win a WPT package worth $8,000 which you can use for the event of your choice. With March having 31 days, you have an extra day's rest — vital for those dedicated to reaching the very top prizes.

Gibraltar – 23rd February 2012 – ‘The Gladiator’ returns to PartyPoker.com for the month of March and, as ever, only the strongest survive in the online colosseum! In new twists, however, the popular promotion is more accessible than ever with the daily points target now starting at just one point - as well as more appealing to those who want to play a lot with ambitious new targets for the most dedicated players.

A PartyPoker.com spokesman said: “The promotion has been adapted with the most frequent and infrequent players in mind. From the 1st – 31st March all players have to do is opt-in and hit the minimum daily points target of one point and the road to prizes start. With the minimum daily points target at just one point – all you have to do to receive your first reward is to hit the minimum daily points target for a period of five days. The first reward you could claim is a much-deserved entry into a $500 freeroll.”

“The premise of ‘The Gladiator,’ is simple, the more days you earn points on, the bigger your prize. There’s up to $4,000 in cash to be won and anyone who wins a cash prize will also claim a seat in a $25,000 freeroll, providing even more chances to win. We've also added a massive incentive for the most dedicated players. Earn 1,200 points on 30 days and you’ll win a WPT package worth $8,000 which you can use for a WPT Main Tour event of your choice. With March having 31 days, you have an extra day's rest — vital for those dedicated to reaching the very top prizes.”

“For the players that want to push themselves even harder there is an exclusive elite target. Players who earn 1,500 points on 40 days between 1st March and 15th April will win a huge $15,000 WSOP* package**.”

You don’t even have to earn points on consecutive days: we’ll just count up the number of days where you made the targets during the promotion.

For example, if you earn 10 points every day for 10 days, take five days off and then earn 10 points on 10 more days of the promotion, you’ll get the $15 cash prize for earning 10 points on 20 days and entry into the $25,000 freeroll.

Players can keep updated on how many points picked up so far in ‘The Gladiator’ by checking their PartyAccount. Points are not removed from player accounts following the promotion – they all count towards Palladium VIP targets. Step into the arena from 1st to 31st March for a month of exciting poker action where you could emerge with prizes fit for a champion.

*World Series of Poker"® and "WSOP"® are registered trademarks of Caesars Interactive Entertainment, Inc. No license, affiliation, sponsorship or endorsement is claimed, or should be inferred from the use of these trademarks here. We are not licensed by or otherwise affiliated with Caesars Interactive Entertainment, Inc. or the World Series of Poker® in any way.


Shuffle Master to Buy Ongame Network...

American casino equipment manufacturer Shuffle Master is expected to purchase the Ongame Network from online gaming giant bwin.party, according to a report by the UK’s The Sunday Times. The move is likely being made by Shuffle Master as a way to position itself when and if online poker is legalized and regulated in the United States.

The Ongame Network has been on the auction block for a year, a casualty of bwin’s merger with Party Gaming last March 31st. The network was purchased back in 2005 by bwin for £474 million, but that was pre-UIGEA and pre-Black Friday, two dark days in online poker history that have significantly changed the valuation of Ongame. Now, the deal with Shuffle Master looks to be for a mere £13 million ($20 million). Prior to the completion of the bwin/Party union, a bwin spokesperson said that the Ongame Network was considered a “surplus asset” and that it was “no longer needed” by the combined company.

The Ongame Network currently ranks as the 6th largest online poker room network/room in terms of cash game players, according to PokerScout.com. With a seven day average of 2,150 players, it falls just behind PokerStars.it (2,250) and just ahead of Winamax.fr (2,100). PartyPoker, which has remained separate from Ongame, ranks 2nd with a seven day average of 4,750 cash game players.

The problem Shuffle Master will face, however, is that the Ongame Network will likely not be as large after the purchase as it is now, although that is probably reflected in the purchase price. The headline room of the network is bwin.com, whose customers will almost certainly stay with bwin.party after the sale. What remains to be seen is what will happen with the other rooms on the network, particularly Betfair, the best known room after bwin.

Shuffle Master is best known for its automated card shufflers, installed in gaming tables, including poker, in casinos all over the world. The company also operates Shuffle Interactive, a division which offers casino games on a variety of platforms, including PC, Mac, Facebook, iOS, and Android. The games can be licensed by online casinos.

Investment bank Roth Capital Partners said in a research note last week, “We view the interactive gaming opportunity as the most under-appreciated aspect of Shuffle’s growth story.”

Though Shuffle Master and other American gaming companies (such as International Gaming Technology, which bought the Entraction Network for $115 million last May) are making moves under the expectation that the online poker market will open up in the United States, it does not appear that that will happen until at least next year. As we reported this weekend, the disappointing news first came from reliable Las Vegas Review-Journal reporter Howard Stutz, who tweeted, “One Wall Street analyst opinion: Internet poker legalization not being attached to the payroll tax bill means the issue is dead for 2012.” It is not completely out of the question that something could get passed this year, as there are slight hopes that a poker rider could be attached to the Obama Administration’s jobs package or the upcoming cyber security legislation, but those are not strong possibilities. (Credit: Poker News Daily)

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Wednesday, February 15, 2012

Saturday, February 11, 2012

Poker News Media: Bluff Media U. S. Operations Purchased By Churchill Downs, Inc.

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Bluff Media U. S. Operations Purchased By Churchill Downs, Inc...

In a stunning late afternoon announcement on Friday, the famed equine organization Churchill Downs, Inc., announced the purchase of the entirety of the Bluff Media organization’s United States properties.

Although terms of the sale were not disclosed, the purchase by Churchill Downs, a publicly traded company on the NASDAQ stock exchange under the tag “CHDN,” is viewed as a potential move by the company to enter into the online gaming business. In the press release announcing the sale, Churchill Downs representatives state, “(It is Churchill Downs) intention to further expand and build upon Bluff Media’s current content and business model…this acquisition potentially provides (Churchill Downs) with new business avenues to pursue in the event there is a liberalization of state or federal laws with respect to internet poker in the United States.”

The sale is literally for the entirety of Bluff Media’s U. S. operations. Bluff Magazine (in both its print and online versions) and several of its blogs, forums, rankings and other URLs (interestingly, such as BluffPoker.com) will be under the new ownership, but another part of the company that was purchased may be of interest to players. ThePokerDB, one of the more reliable poker databases on the internet, will also be under the Churchill Downs twin spires.

While Churchill Downs has purchased the entirety of Bluff Media, the powers that be will remain in their current positions. Co-presidents Eddy Kleid and Eric Morris, who have been at the helm of the company since its inception, and vice president of online operations Jeff Markley all will remain with Bluff Media and continue to lead the company going forward. Foreign versions of the magazine, such as Bluff Europe, are not expected to be impacted by the sale.

The sale of Bluff Media has once again sparked consideration that the movement towards federally legislated internet poker in the United States. On the Two Plus Two forum, poster ‘oneonth3run’ asks, “Anyone in the know care to speculate what this could mean in the larger picture? They must be expecting certain things to happen at the top, and I wonder how they will utilize BLUFF going forward.”

Others in the 2+2 thread picked up the discussion as to why Bluff made this move at this time. Poster ‘AdamSmall’ stated, “Bluff was a perfect acquisition target really. They’re a US-based, US-heavy poker media company that presumably got hurt badly by Black Friday. They have a lot of reach and a good amount of history in the industry, and I think between their history and their brand name they have a lot of value still. The name Bluff is a very noticeable, reputable and easy to remember name for both current and prospective customers.”

The history of Bluff has been one of the success stories of the poker industry. Starting out as a bimonthly magazine in 2004, within a year it was published on a monthly basis. The magazine became the primary challenger to one of the venerable poker publications in the industry, CardPlayer Magazine, and also has been a partner with the World Series of Poker for its online and radio coverage.

The new partnership will be a way for one of the most recognizable names in the thoroughbred industry to enter into any potential U. S. online poker industry. The owners of the namesake racetrack which hosts the Kentucky Derby, the company also has interests in other racetracks around the United States, its own website (twinspires.com), and half-ownership in Horse Racing TV, among other items. Prior to the announcement of the purchase on Friday, Churchill Downs, Inc. closed at $55.87 on the NASDAQ exchange, a $.44 drop (.78%) from their Thursday price. (Credit: Poker News Daily)


WPT Lucky Hearts Poker Open Day 1A: Uri Kadosh, Eliyahu Levy Lead Jason Mercier...

The first of two Day Ones is in the books for the World Poker Tour’s Seminole Hard Rock Lucky Hearts Poker Open in Hollywood, Florida, with a cozy starting field that should get larger after Saturday’s play.

125 players stepped up on Day 1A, putting up their $3500 buy in for this non-televised event and, although the field was a bit smaller, there were still challenges around the room. Season Ten Player of the Year leader Will “The Thrill” Failla, reigning POY Andy Frankenberger, Jonathan Little, “The Raw Deal” host Tony “Bond_18” Dunst, Shaun Deeb and Matt Waxman were just a few of the familiar faces at the start of the day, but they would be joined by other challengers who decided to take a late registration option.

One of those tables was particularly challenging. Noah Schwartz, Christian Harder and Matt Stout all ended up on the same felt due to late registration for the tournament, while other players went about their day of work with different results. Christopher Tryba was an early casualty when his pocket Jacks failed to catch against an opponent’s pocket Aces, but former WPT champion Rhynie Campbell was able to drop Steve Levy when his Aces stood up against Levy’s K-Q.

As the players worked their way to the dinner break, the field was dramatically reduced in comparison to the time played and the low blinds. From the 125 starters, only 96 players made their way to dinner in a somewhat happy mood. Campbell was one of these eliminations at the hands of Deeb.

It was thought that this pace couldn’t be maintained but the players actually increased the rate of eliminations as the night wore on. Deeb continued to accumulate chips as, against then-chip leader Matthew O’Donnell, he was able to get O’Donnell to lay his hand down on a 6-5-5-8-9 board to move up to 95K in chips. Dunst was not as fortunate, losing with pocket tens to his opponent’s pocket eights.

The Day 1A chip leader would not be determined until the second to last hand of the night. After a short stack moved all in, Uri Kadosh (who had avoided the limelight for much of the day) made the call and tabled Big Slick against his opponent’s suited 4-2. A four came on the flop but, unfortunately for the short stack, a King was there as well. Once the turn and river didn’t bring another four or a deuce, Kadosh had eliminated his opponent to end the night over the 275K mark and reduce the field to fifty players:

1. Uri Kadosh, 275,500
2. Ely Levy, 218,550
3. Jason Mercier, 176,400
4. Omar Sider, 170,600
5. Nick Avera, 133,200
6. Michael Michnik, 121,100
7. David Tiffenberg, 112,900
8. Shaun Deeb, 112,700
9. Victor Heffesse, 111,900
10. Mike Corbett, 111,300

Other notable names that are above the average chip count (44,347) include Shannon Shorr, Matt Giannetti, Schwartz and Waxman, while Allen Kessler and Failla will have some work to do on Sunday.

Perhaps the reason for the high knockout rate on Friday was the “second chance” option the Lucky Hearts tournament provided. For those players who were eliminated on Day 1A, they could buy in again on Day 1B and take a second shot. Several players, including Todd Terry, Kathy Liebert (who commented over Twitter, “I’m on Level 3 today, I think that’s better than Level 1!”), Dunst, Little and Lichtenberger have decided to step up for that second barrel.

By the end of action on Saturday, the total field size as well as the payouts will be known for this latest WPT event. Befitting the tournament’s name, the final table will be played out on Tuesday (Valentine’s Day) and will definitely award the champion with an excellent six figure score. (Credit: Poker News Daily)


Russia’s Rinat Bogdanov Wins WPT Venice Grand Prix...

Battling through a twelve hour final table – as well as the uber-aggressive opponents surrounding him – Russia’s Rinat Bogdanov emerged as the champion of the World Poker Tour Venice Grand Prix early Saturday morning (Venice time).

When the final six men came to the table on Friday afternoon, Italy’s very own Andrea Dato held the lead with his 1.591 million chip stack. This provided him with a good lead over two other contenders, Day Three chip leader Simon Ravnsbaek (922K) and Bogdanov (905K), while the other three members of the final table – Alessandro Longobardi (558K), Andrea Carini (347K) and Gianluca Trebbi (343K) – had their work cut out for them if they were to make a run at the championship.

From the start, Ravnsbaek and Dato were the major players on the felt, pushing their shorter stacked opponents around and adding to their chip stacks. The duo would even clash with each other, with Ravnsbaek coming out on the worse end of a couple of exchanges to chop his stack from second place to fifth within the first hour of action.

After another hour of play, the first elimination would occur. After Dato raised the pot to 50K, Carini pushed his remaining chips to the center of the felt. After Dato made the call and tabled pocket eights, Carini saw that his chances were slim with an off suit A-3. By the turn, he had a gutshot straight draw to go with his Ace, but couldn’t find either on the river, eliminating Andrea Carini in sixth place.

Following Carini’s elimination, Ravnsbaek began to mount a comeback. He doubled up through Longobardi when his pocket Aces were the cooler to Longobardi’s pocket tens, then would take over the lead when he doubled again with A-Q versus Dato’s pocket eights. After three hours of play, Ravnsbaek had been from the penthouse to the basement and back again, holding a slim 200K chip lead over Dato that, unfortunately, wouldn’t last very long.

After moving all in on several occasions, Gianluca Trebbi was eliminated in fifth place when his 10-7 of hearts failed to catch against Longobardi’s pocket Jacks. Ravnsbaek’s aggressive play finally caught up with him when he pushed all in for 600K with pocket deuces and Bogdanov looked to see pocket tens in his hole cards. Once the board ran with no help for him, Ravnsbaek was out of the tournament in fourth place.

By the time the dinner break rolled around, Dato had moved back into the lead over Longobardi and Bogdanov, with the Russian’s chip stack shrinking in comparison to his two foes. Dato and Longobardi went to battle following dinner, with Dato picking up a big pot on a complete bluff to push his stack to the three million mark and drop Longobardi to just over one million.

It was at this time that Bogdanov began his charge. Basically pushing with any two cards, Bogdanov would find a double through Dato to get back into the mix. After picking up a big hand against Longobardi, the three players were virtually equal in chips.

Bogdanov would make the first breakthrough, resulting in the elimination of Dato. After Dato jammed with an unassuming K-4 off suit, Bogdanov found Big Slick in his hand and made the call. An Ace on the flop basically ended the hand and, once a blank came on the turn, Andrea Dato was out in third place and Rinat Bogdanov became the surprising chip leader.

Within two hands of Dato’s departure, the tournament was over. After losing the first hand, Longobardi raised it to 200K holding an off suit K-Q and Bogdanov made the call with only a 6-4. Longobardi caught a Queen on the flop, but there was a four there as well and Bogdanov called a bet from Longobardi. When a six came on the turn, Bogdanov made two pair and check called another bet from Longobardi. Another four on the river brought the fireworks as, after Bogdanov checked, Longobardi fired off 300K. Bogdanov moved all in and, after a moment, Longobardi made the call, only to see his Queens up vanquished by Bogdanov’s full boat.

1. Rinat Bogdanov, €229,800
2. Alessandro Longobardi, €111,700
3. Andrea Dato, €72,275
4. Simon Ravnsbaek, €52,565
5. Gianluca Trebbi, €42,705
6. Andrea Carini, €32,195

With the end of the WPT Venice Grand Prix, the tournament circuit will come back to the U. S. for their next three tournaments. Beginning today, the Seminole Hard Rock Lucky Hearts Poker Open is in action while, later in the month, the L. A. Poker Classic will be contested. In March, the WPT will visit San Jose, California, for the Bay 101 Shooting Star and, in April, the WPT will head back to Europe with a stop in Montesino, Vienna, Austria. (Credit: Poker News Daily)


2012 WPT Venice Grand Prix Day 3: Simon Ravnsbaek Leads Tight Final Nine...

It is going to be a short day at the World Poker Tour (WPT) Venice Grand Prix on Thursday. If this wasn’t the World Poker Tour, the nine players remaining might be going to bed mentally preparing for Day 4’s final table action. But this is, in fact, the WPT, and final tables here are six-handed, so Day 4 will see just three eliminations before adjourning. Bagging up the most chips at the end of Day 3 was Denmark’s Simon Ravnsbaek, proud owner of a 795,000 chip stack.

Ravnsbaek isn’t on an island, though. Alessandro Longobardi is right behind with 783,000, Andrea Dato is close with 726,000, and Jason Wheeler is sitting on a stack of 699,000 chips. In fact, it looks like it could still be just about anybody’s tournament, as all but two players have over 400,000 chips. And those two players – Rinat Bogdanov and Massimo Mosele – have 20 and 16 big blinds, respectively, so it’s not like they are already at “all-in with any two cards” mode…yet.

The story of Day 3 was arguably the fireworks that surrounded the chip leader going into the day, Marcel Bjerkmann. The fun started on the bubble when the tight Lionel Tran moved all-in for his last 50,000 chips with pocket Kings. Bjerkmann had tons of chips, so why not call with J-4 suited? Tran was still doing alright after the flop of J-T-8 rainbow, but another Jack on the turn allowed the chip leader to suckout and put everyone remaining into the money.

A little while later, after Bjerkmann had been moved to an aggressive table, he four-bet shoved on Simon Ravnsbaek with just A-4. Ravnsbaek made the call with Q-Q and doubled-up to about 330,000 chips. Bjerkmann was still doing fine, though, falling to 460,000.

After the next break, things got crazy. James Akenhead raised to 8,500 pre-flop and was called by Andrea Dato, Marcel Bjerkmann, and one other player. Upon the Qc-8h-7s flop, the players check to Dato, who bets 15,000. Bjerkmann decided to go with a check-raise to 44,000, forcing the other two players to fold before Dato called. The dealer laid out the 8d on the turn, prompting a 64,000 chip bet from Bjerkmann and another call by Dato. Bjerkmann again led out on the river for 82,000 when the 4h was dealt. Dato proceeded to ponder his move for two full minutes before calling.

As he was the original bettor, Bjerkmann had to show first, revealing he was on a complete bluff with just 5c-9c. Dato must certainly have had that beat, but it almost must have been a tough decision to call, considering how long he took to act. Right? Not quite. Dato flipped over pocket 7’s for the full house.

Bjerkmann was incensed. “That is the sickest slow roll I have ever had in my life,” he growled at Dato. “Do not talk to me dude. If you see me in the street do not talk to me.”

Undeterred, Bjerkmann kept on plugging away, but that didn’t mean he was calm. He continued to jaw at Dato throughout the night, regardless of whether or not the two were involved in a pot together (they were on more than one occasion). Eventually he succumbed to the current chip leader, Simon Ravnsbaek, as his Ah-8h could not improve against pocket 5’s.

Play will resume at 1:00pm local time as the tournament makes it down to the final table. Again, it should be a short day, as only three more players must be eliminated for that to happen.

2012 WPT Venice Grand Prix – End of Day 3 Chip Counts

Simon Ravnsbaek: 795,000
Alessandro Longobardi: 783,000
Andrea Dato: 726,000
Jason Wheeler: 699,000
Gianluca Trebbi: 474,000
Andrea Carini: 430,000
Jeremie Sochet: 402,000
Rinat Bogdanov: 201,000
Massimo Mosele: 163,000 (Credit: Poker News Daily)

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Sunday, February 05, 2012

Saturday, February 04, 2012

Poker News Media: Qatar pays record $250m for Cezanne - 5th February 2012

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OIL-RICH Qatar has bought Paul Cezanne's painting The Card Players for more than $250 million, by far the highest price yet paid for a work of art.

Previously, a Jackson Pollock - No. 5, 1948 - held the record, sold for $140 million in pre-recessionary 2006.

Vanity Fair magazine points out that only four other versions of Card Players exist - Cezanne painted them as a series in the 1890s. They are all housed in world-class museums, including the Musee d'Orsay in Paris and the Metropolitan Museum of Art in New York.

"The purchase is just the latest bid in Qatar's effort to become an international intellectual hub," the magazine wrote, adding that it "upends the modern art market."

According to the Gulf Times, Qatar has the third highest density of millionaires in the world after Singapore and Switzerland.

The sale, which took place last year, was confirmed to the magazine by multiple sources only last week.

Qatar's royal family declined to comment and all other players involved in the sale signed confidentiality agreements.

The Card Players bought by Qatar is one of three that shows two men at a table playing cards.

"$250 million is a fortune," Victor Wiener, a fine-art appraiser told Vanity Fair. ''But you take any art-history course and a Card Players is likely in it. It's a major, major image."

Cezanne inspired Cubism and helped pioneer abstract art, and Picasso called him "the father of us all." (Credit: GNE)

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