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Poker News | World Poker News

Poker News Nuggets 07/16: Hearing for Congress, History for Mizrachis

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Poker News Nuggets are presented on PokerWorks three times per week to give readers a glance at some of the big news stories in and around the poker industry. From international poker tournaments to player prop bets, from political happenings to sponsorship deals, game enthusiasts can stay informed with these tri-weekly tidbits of information.

What They’re Playing

WSOP:  The biggest news of the week was the biggest news for six (or seven?) weeks, as the 2010 World Series of Poker played out in Las Vegas. But at this late stage of the game, the first 56 tournaments were complete and only one was left to continue, and that was the $10,000 No-Limit Hold’em World Championship. Said Main Event was in the process of playing from its original 7,319 players down to the November Nine, and the daily tournament reports chronicle the action as poker fans from around the world watch as the biggest tournament of the year finds its final table players.

WPT:  The World Poker Tour entered its ninth season this week with its annual Bellagio Cup tournament, and after making some announcements about its new changes last weekend, the PartyPoker-run company was ready to embark upon its new season. With that, players came to the Bellagio to buy-in during the first three days of action, and the final total of players was 353 when all was said and done. Ultimately, the tournament produced a final table on July 15 that included Phil Ivey and Justin Smith, but it was Moritz Kranich of Germany who defeated them all and claimed the $875,150 first place prize, along with the first WPT bracelet of Season 9.

Who’s Playing

The Mizrachis:  Obviously, all of the players in the WSOP Main Event are important, especially during the last few days of action when each player is guaranteed a solid payout and stands just a short distance from making life-changing money. But one name emerged from the field of paid players, and that was Mizrachi. Danny, Eric, Robert, and Michael all made the money, becoming the first set of four siblings to ever do so in a WSOP event. While other names in the Main Event stood out, such as Breeze Zuckerman as the last woman standing in the tournament, the Mizrachi brothers became a story, especially due to their earlier successes in the Series, namely Michael’s win of the $50K Poker Players’ Championship, and the fact that he continued to stay atop the leaderboard as the Main Event played down toward the November Nine.

Ted Forrest:
  There were numerous prop bets made, some won and some lost, during the 2010 WSOP, but one that had been made prior to the Series was wrapped up last week and was worth $2 million. That bet was won by Ted Forrest, who bet Mike Matusow and Justin Smith that he could lose 50 pounds in a very short period of time. The already thin Forrest proceeded to weigh in on July 14 for the ESPN cameras, and his weight was 138 pounds. Michael Craig chronicled the bet and Forrest’s progress - and ultimate $2 million victory - with all of the health concerns and dangers in mind.

Where They’re Playing

Congress:  Poker players often require action to capture and keep their attention, which may have been why the Internet Gambling Regulation, Consumer Protection and Enforcement Act hadn’t received much press in recent months. Rep. Barney Frank introduced the bill in May of 2009, and the only major action taken on it was a hearing in late 2009. But suddenly, it seems that Frank has arranged for a second hearing, this time in the committee he chairs, the Financial Services Committee. The date is set for Wednesday, July 21, and though no markup or other activity looks to be on the books, Frank seeks to keep his early-2010 promise to push forward with his attempt to overturn the UIGEA with new legislation.

West Virginia:  Poker players in West Virginia and surrounding areas, like Washington, D.C., have long been waiting for live poker in their state, as the commute to Atlantic City can be a taxing and long one. And recently, it happened for them, as two casinos in W. Virginia began spreading live poker games, as the state’s lottery commission watched the action to make sure all laws were being obeyed and all games were in proper order. Though it may take some time for players to come to the tables and embrace the new environment, many players are glad to have the option in their own backyard.

News Flash

The IRS Scores Big at 2015 WSOP ME Final Table

The IRS managed to snag 34.13 percent from the payouts of the 2015 November Nine, totaling $8,467,091.

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