Welcome to the Bankroll Boost Poker Blog. Here we post some of the hottest poker news stories, some poker satire and even the occassional tidbit of poker gossip. I hope that you enjoy my blog and would love to hear from the readers in the comments section. Also, don't forget to bookmark this site and add us to your favorite blog RSS reader if you like what you read. Enjoy! Graham - BankrollBoost.com
The World Series Of Poker (WSOP) European Tour is scheduled to take place at Spielbank Berlin in Berlin, Germany and will run from October 8 to October 24. The WSOP recently released a schedule of events for its European Tour well ahead of time to enable European poker players to plan their schedule well in advance and attend the biggest poker tournament in Europe.
This year’s WSOP Europe tour will feature 10 WSOP bracelet events and a Main Event that has a buy-in of €10,450. The event is expected to be attending by thousands of poker players all over Europe as they look to compete and win a WSOP bracelet.
Apart from the 10 WSOP bracelet events, there will be a number of exciting events such as the “Monster Stack” No-Limit Hold’em which has a buy-in of €1,650 and will take place on Oct 12; the No-Limit Hold’em which has a €3,250 buy-in and will take place on the Oct 14; the Turbo No-Limit Hold’em w/ Reentry with a buy-in of €1,100 and takes place on Oct 16 and the High Roller event that has a buy-in of €25,600 and takes place on Oct 21.
In a statement, WSOP Executive Director Ty Stewart said “Germany is truly a hotbed for poker talent. As home country to our reigning Player of the Year and 2011 World Champion, we look forward to discovering new names ready to perform on poker’s biggest stage. Berlin became a logical choice city for WSOP Europe given its proximity to all of Europe, the experienced management team at Spielbank, and the gap of time since a major poker tournament has come to the city. We believe this truly will be the best organized and contested WSOP Europe ever.”
Players who would like to see a full schedule of events for the WSOP European schedule can do so by going to WSOP.com
Bwin.Party has done reasonably well over the years in the online gaming market and currently has a market capitalization of £785m. The company which is owned by the Shaked family has two primary family shareholders who hold a majority stake. The family has decided to sell the company and has been looking at proposals for the last six months. .
Bwin.Party recently confirmed that it had now received a proposal from its competitor 888 Holding which involved a stock and cash proposal that would allow 888 Holdings to take full ownership of the company. A representative of Bwin.Party stated that its board is in the process of carefully analyzing all the proposals which were sent in and will make a decision shortly.
Online gambling company William Hill had earlier expressed interest to acquire Bwin.Party and sent in a £720m proposal to acquire full ownership of the company. The deal did not materialize as one of the Shaked family members who owns close to fifty percent of the company did not approve the deal, stating that offer from William Hill was not high enough.
While there have been no details released on 888’s proposal, a representative from the company said that 888 Holdings board was keen on acquiring Bwin. Party as “there is significant industrial logic in a combination of 888 and Bwin.party, benefiting both companies and all shareholders”.
If 888 Holdings completes the acquisition of Bwin.party it will give the company a strong presence in the sports betting industry and more avenues of increasing its global presence and revenue generating opportunities.
The New Jersey Division of Gaming Enforcement (NJDGE) has revealed revenue figures that show that 888.com and WSOP.com has had its worst month ever since they launched in NJ’s newly regulated market in 2013.
888.com and WSOP.com operate under a single license and share liquidity for some of their tournaments and cash poker games. According to a report released by Caesars Interactive Entertainment, which owns the two brands, the two online poker sites had generated revenue of $858,845 from online poker tournaments and cash games. In November 2014, the two sites generated $880,780.
Traffic to online poker sites generally falls from March to April; so the fall in traffic last month was nothing out of the ordinary. However partypoker NJ and Borgata Poker, rivals of 888.com and partypoker, experienced a much better month. The duo reported revenues of $1,126,444 in April, representing a fall of just 8.4% from March. On the other hand, Caesars experienced a decline of nearly 14%.
Poker Industry PRO has published traffic stats received from PokerScout.com, according to which 888.com and WSOP.com together underperformed in April. Since partypoker NJ held the second edition of the NJ Championship of Online Poker with a guaranteed prize pool of $1 million, it attracted a lot of traffic in April.
WSOP.com also held the Spring Poker Series (SPS) in April, but it was not as huge as the NJCOP as it offered a guaranteed prize pool of only $100k. In addition, WSOP.com held the NJ Turnpike Series, which targeted beginners by offering events with small buy-ins. This indicates that NJ poker players are more attracted to larger tournament series with enormous guaranteed prizes than smaller series with smaller buy-ins.
888.com and WSOP.com might have learned a valuable lesson, which means that players may expect tournament series with larger guaranteed prizes at the two sites soon.
Full Tilt announced on May 13 that the Danish Gambling Authority has granted it a license to operate in Denmark, owing to which it would soon launch in that country.
In a press note, Dominic Mansour, the managing director for Full Tilt, said that the company is excited that Danish players can now play online poker as well as casino games at the online gambling site. He said: “Danish players are able to create their stories on Full Tilt and compete against players from around the world.”
The license allows Full Tilt to offer online casino games as well as online poker games in Denmark, a market already populated with 113 other online gambling sites, including PokerStars, its sister site. Other gambling operates licensed in Denmark are partypoker, Unibet, PKR, and Betfair.
Full Tilt’s parent company Amaya had to comply with a large number of technical requirements in order to secure a gambling license in Denmark. In addition, Amaya had to pay a licensing fee of DKK250,000 or $37,753 and agree to pay annual fees of DKK50,000 to DKK1,500,000 or $7,500 – $227,400, depending on the taxable revenue it manages to generate in one calendar year.
On March 16, PokerNews.com reported that Denmark is among the few EU countries, where regulations haven’t harmed the online gambling industry. The Danish Gambling Authority has recently released data, which indicates that its domestic market has generated as much as DKK7.75 billion or $1.1 billion in gross gambling revenue in the fiscal year 2014. This represents a growth of 2% from the DKK7.575 billion that the industry generated last year and a growth of 3% from the DKK7.5 billion that was generated in 2012.
Ever since its re-launch in 2012, Full Tilt has obtained licenses from Denmark, UK, Malta, and the Isle of Man.
During an interview held to find out his take on “Ralston Reports,” a Nevada political program, Steve Wynn, the billionaire casino entrepreneur, stated that he will continue to oppose online gambling.
He said that he believes that online gambling is not going to be meaningful in any way for Las Vegas. The 73-year-old casino magnate says that he fully agrees with Sheldon Adelson, who also owns a billion-dollar gambling empire. Adelson is trying to get online gambling banned at the federal level, but his proposal is facing several requests for online poker carve outs.
Unfortunately, there is little or no chance of online poker getting a carve-out, although states that have already legalized and regulated the game may be allowed to continue offering online poker services.
Currently, Pennsylvania and California are weighing the pros and cons of legalizing and regulating the game, in spite of Sheldon Adelson’s efforts to get the game banned at the federal level.
If an online gambling bill is passed at the federal level, state lotteries may be exempted from the ban and may be permitted to offer online gambling services, which they may expand in future.
Expressing his opinions regarding online gambling legislation, Wynn said that he doesn’t think it stands “any chance of getting through the House of Representatives.” Even if it succeeded in passing through the house, “it would at the behest, at the encouragement, of the state lottery boards who want to go into that business.” He also said that he is not interested in online gambling as he would “get blamed if anything goes wrong.”
However, casino operators such as Caesars and MGM haven’t been blamed as their online gambling sites are doing very well in Delaware, New Jersey, and Nevada.
Harry Reid is also an opponent of online gambling, with thoughts similar to those of Adelson and Wynn.
Last March, the Garden City Group (GCG) had announced that it will refund $2.8 million to around 3,500 players in its next payment round. It may be recalled that the US Department of Justice (DoJ) had recruited the GCG as the claims administrator for Full Tilt Poker. The company has now announced through the Poker Players’ Alliance (PPA) that it next payment round will conclude in August.
PocketFives.com has reported that PPA Executive John Pappas says that former US players of Full Tilt Poker will receive their payments by August end. After refunding these players, the GCG will have processed a total of 2,000 claims and paid as much as $4 million.
Recently, Pappas told PocketFives.com that the GCG is now reviewing petitions of those who had raised disputes related to partial withdrawals as well as petitions that did not contain full login details. GCG had to match the information in these petitions with the information supplied by Full Tilt Poker. A handful of professional poker players who were successful in supplying all the required documents will also be refunded.
In this round, former Full Tilt Poker players who had supplied the correct and updated information, along with confirmed details of their accounts will also get paid. The GCG says that it will refund players by August end, but not later than that.
The audits for the latest round of payments have been completed. In order to start paying the former players, the GCG first requires the approval of the Southern District of New York, the US Treasury, and the Department of Justice.
US players could only watch in anguish when Full Tilt Poker collapsed, pulled down its shutters, and was later acquired by PokerStars. After the acquisition, the DoJ took it upon itself to refund the online poker room’s former US players.