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May 26th Poker news ... Gambling Poker Room at gamblingpokerroom.com
OVERALL STATS FOR WORLD SERIES OF POKER RELEASED
2014-07-09
Overall statistics released Tuesday by the organisers of the World Series of Poker - the 45th edition of poker's most prestigious annual tournament - indicate that player entries represent a new record.
With the three main event starting day registrations now closed, the organisers have been able to compile totals for the entire tournament, which has been running since June, and the numbers are impressive.
There were 82,360 competition entries in 65 events by players from 107 nations, generating prize pools totalling $225,584,273.
The prize pool for the main event alone is $62,820,200 based on the $10,000 buy-ins from 6,683 entries...and the winner will receive $10 million, with seven figure pay-outs awarded to most of the final nine players.
The number of entries this year topped last year's 79,471 by just over three-and-a-half percent.
World Series of Poker Executive Director Ty Stewart said in a statement: With some of the biggest events ever organized it is clear poker remains strong, and its best days are ahead.
Demographics this year were once again overwhelmingly male at 94.72 percent, with an average age of 38.9.
Excluding the huge main event first prize, which has yet to be won, the average first place prize this year was $792,507, although the $15.3 million awarded to Dan Colman in the $1 million buy-in Big One for One Drop does have an exaggerating influence..
8,730 players claimed cashes in the 65 events, approximately 10 percent of all those who entered the diverse competitions.
Other interesting factoids include:
* Total prize pool for all WSOPs in history now over $2 billion;
* Over $5.2 million was raised for One Drop clean water charity;
* Youngest player this year, at 21 years and 1 day, was Zachary Zaffos, whilst the oldest was William Wachter (93);
* Players from fifty U.S. states entered in events;
* Largest single day attendance was 7,977 for the $1,500 buy-in Millionaire Maker;
* This year's senior event was the biggest ever at 4,425 players;
* US players have claimed 52 of the 64 WSOP winner bracelets awarded so far;
* This year's main event attracted 6,683 players, an increase of 331 on the 2013 main event registrations of 6,352.
POKER NETWORK CLOSING AFTER TEN YEARS IN THE BUSINESS
2014-02-21
The International Poker Network started Tom Brady betting odds to win Poker Madden Betting Pandemonia by Boss Media a decade ago will soon be closing as part of the GTech group's strategy to focus on regulated markets, using the software for clients in often ring-fenced dedicated environments.
Many of the industry's top brands have been members of IPN at one stage or another in their development, but the trend toward national regulation, and the desire of many operators to work within legalised national systems, has created new business demands and models.
This has resulted in brands either moving on or adopting dual platform strategies.
Owner GTech is a major international business, and it is anticipated that the shutdown of the IPN will be carried out in a professional manner that takes the welfare of players into consideration, and that the closure will be efficiently communicated.
LOCK POKER IN STATEMENT ON TRANSFER POLICY (Update)
2013-05-10
Player-to-player money transfers at Lock Poker are now subject to a new policy restricting any withdrawal until 15 percent of the amount has been generated as rake.
In the wake of widening publicity on its slow-pay and player-to-player restrictions, Lock Poker management broke its silence late Thursday with a website statement that advised:
"Through a detailed investigation over the past few weeks the Lock security team uncovered a large group of persons that were abusing the P2P transfer policy and creating a large network of mule accounts to move and withdraw funds without any play at all taking place.
"To deal with this situation a policy change was put into place to clear out the backlog of withdrawals by accounts with little to no play and increase the speed of withdrawals for players taking actual winnings.
"Lock has introduced a new cash-out policy for transferred funds which requires a player to accumulate at least 15 percent in GGR on the funds received via P2P transfer before these funds are cashed-out. Put simply, for every $100 of transferred funds to be withdrawn, $15 of rake or fees will need to be accumulated beforehand.
"The policy change was put in place explicitly to put an end to money laundering via Lock's player transfers. Players withdrawing winnings are not affected.
"Lock will continue to process withdrawals and work to reduce all withdrawal delays over the coming weeks.
"A large amount of mis-information has been spread recently on various poker news sites and forum postings about player funds being lost in recent banking scandals; none of this is true."
Meanwhile, the publication Gambling911, which is seen in several quarters as supportive of Lock Poker, carried a short article detailing comments which appear to have been made in an exclusive interview with Lock CEO Jennifer Larson, but which has not yet been fully published.
The article quotes Larson as saying that her company is working to find new payment processors to speed up payment times, and that some improvement will soon become apparent.
Larson explained: In terms of slow payouts there are a number of reasons for this. There was a group of people who were buying and cashing out players bankrolls and not playing at all - this was a large volume and was causing legitimate players' cash outs to be delayed, as the scheme was using accounts incorrectly marked as belonging to affiliates.
The other main reason is that Lock [is] one of the largest poker sites that continues to serve players in most States in the US. This means that all Lock payments processors must be discreet as the DOJ has shown repeatedly that it likes to seize the players funds."
That in itself raises questions as to how Lock Poker and its Revolution network has managed to evade DoJ action despite openly attracting US punters.
Larson uses a pipe analogy to explain that the enterprise has the money but not enough pipes to get it through to players timeously in the United States. Again, that does not explain delays in payments to non-US players.
The feeling that Lock Poker is in damage control mode, and there may be more going on in the background than is at present apparent, is inescapable. For example, the company's denial that it was impacted by the Cyprus banking scandal is questionable, given that one of its major payment processors is registered in that location.
March Madness Bracket
2015-02-15
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5th Place $1,500
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