The Epic Poker League going on suspension continues making poker headlines as new facts come to light. The latest news about EPL's parent company Federated Sports + Gaming is the $5 million debt to its creditors which caused FS+G to file for chapter 11 bankruptcy/reorganization. The 2012 WSOPE schedule was announced last week with the tournament taking place a little bit earlier than last year in Cannes, France. The online gaming giant bwin.Party joined the long list of applicants for the Nevada gaming license while another online poker operator Lock Poker appeared not to care very much about their users' login details. Just keep reading to learn much, much more.
FS+G is $5 Million in Debt
When Federated Sports + Gaming filed for Chapter 11 bankruptcy putting Epic Poker League events on hold for an undetermined amount of time, the poker community was displeased to say the least. Now, when the company's numbers were disclosed, it seems that FS+G made a huge bet on EPL which they lost and are now trying to make up for it. As the Las Vegas Review-Journal reports, Federated Sports + Gaming now owes $5 million to their creditors with the two biggest being Pinnacle Entertainment and All In Production.
The FS+G purchased the Heartland Poker Tour from All In Production in 2011 for $3 million, however, they never paid, so All In sued Federated Sports + Gaming in North Dakota in October. FS+G then borrowed $2 million from Pinnacle to cover their debts paying $1 million to All In. Still the company wasn't able to manage their debts and therefore decided to file for Chapter 11 bankruptcy.
Read the full story on the Las Vegas Review-Journal.
Aristocrat Teams with MTR Gaming Group
Aristocrat, an online gaming solution supplier announced last week it made a deal with yet another U.S. casino company to provide an online gaming platform for its land-based casinos. The company has signed an agreement with MTR Gaming Group to create a free-play online casino system for its Scioto Downs Casino and Racetrack in Columbus, Ohio. Aristocrat has already installed online casino solutions in Maryland Live! Casino in Hanover, Maryland, and Island Resort and Casino in Harris, Michigan, with MTR being the third casino to use Aristocrat's Oasis 360 system.
“After conducting extensive research of all of the available options, we chose Aristocrat's nLive technology because its open architecture will easily replicate our bricks-and-mortar facility,” the president and CEO of MTR Gaming Group, Jeff Dahl said. “A robust online presence is critical for the company's long-term business strategy.”
Read the full announcement on iNter Game Online.
Moon Kim Wins WPT Bay 101 Shooting Star
On Friday, March 9th, the World Poker Tour Bay 101 Shooting Star San Jose Main Event crowned its new champion rewarding him with the cash prize of almost $1 million. It was Moon Kim who collected the honors and the money for outplaying the field of 364 players, including the six-handed final table. Kim was third in chips before the start of final play, but managed to improve his position and eventually collect the title.
The final table began with an incredibly long streak of no eliminations which lasted for 113 hands until Joseph Elpayaa was sent to the rail by Andrew Badecker. However, Badecker soon joined Elpayaa after his pair of Aces got crushed by Kim's straight. The former chip leader Erik Cajelais was eliminated in fourth place by Ubaid Habib while Joe Serock finished just after him.
With only Habib and Kim left at the table the latter led 6 to 4 and the two got to play another 36 hands before the game wrapped. Kim collected a flush on the river on the last hand of the tournament along with the 2012 WPT Bay 101 Shooting Star Main Event title and the cash prize.
These are the WPT Bay 101 Shooting Star final table results and payouts:
bwin.Party Applies for Nevada Online Gaming License
On Thursday, March 8th, the PartyPoker parent company bwin.Party officially declared it had filed an application with the Nevada Gaming Control Board to acquire the state's online gaming license. Once the activity in Nevada is legalized and the company issued the license, PartyPoker should make its long awaited comeback to the United States. The site, (which prior to its retreat from the U.S. in 2006, owned more than half of the American online poker market), will represent a joint venture which along with bwin.Party also includes two casino giants MGM Resorts International and Boyd Gaming. However, this is not the only attempt of the two casino sharks to receive a Nevada online gaming license as both MGM and Boyd have also filed their individual applications.
Read more on PokerNews.
2012 WSOPE Schedule
On Friday, March 9th, the 2012 World Series of Poker Europe announced this year's tournament schedule. The new one will be very similar to last year's with a couple of small buy-in changes. The 2012 WSOPE will host seven bracelet events as well as 48 side events split through the time of two weeks from September 21st through October 4th. For the second consecutive year the tournament will come back to Cannes, France, to be hosted by Casino Barrière de Cannes Croisette and the Hôtel Majestic Barrière.
“We can’t wait to return to the Cote D’Azur in 2012,” the WSOP vice president Ty Stewart said. “We have moved up the schedule a couple of weeks to take better advantage of the great weather and all Cannes has to offer. Ask anyone who attended last year. This tournament is now a certified major championship and the experience is second to none. The media is already speculating on 1,000 players for the Main Event and we will be ready for them.”
Here is the 2012 WSOPE schedule:
2012 WSOPE Schedule
|9/21/2012||Friday||1||Six Handed No-Limit Hold’em — Day 1 (3 Day Event)||€2,500 + €200|
|9/22/2012||Saturday||2A||No-Limit Hold’em — Day 1A (5 Day Event)||€1,000 + €100|
|9/23/2012||Sunday||2B||No-Limit Hold’em — Day 1B (4 Day Event)||€1,000 + €100|
|9/24/2012||Monday||3||Pot-Limit Omaha (3 Day Event)||€5,000 + €300|
|9/25/2012||Tuesday||4||No-Limit Hold’em SHOOTOUT (3 Day Event)||€3,000 + €250|
|9/26/2012||Wednesday||5||Mixed-Max No Limit Hold’em — Day 1 (4 Day Event)||€10,000 + €450|
|9/27/2012||Thursday||6||Six-Handed Pot Limit Omaha (3 Day Event)||€1,500 + €150|
|9/29/2012||Saturday||7A||No-Limit Hold’em Main Event — Day 1A (5 Day Event)||€10,000 + €450|
|9/30/2012||Sunday||7B||No-Limit Hold’em Main Event — Day 1B (4 Day Event)||€10,000 + €450|
Lock Poker's Security Issues
Just yesterday, March 11th, the internet was struck by the news about security flaws on Lock Poker's online software. According the report on CalvynAire.com, Lock Poker's player usernames and passwords were not encrypted and therefore exposed to any Lock employees with access to Lock's Flash casino software. The news first spread through the TwoPlusTwo forums and was then picked up by the poker media. According to the original forum post, every user can see their Lock Poker password in the Lock Casino software by following these steps: “log into locks casino, right click and hit view source (on the non-flash part). You will be shocked to see your password in plain text inside the source. No encoding, no encryption, just plain text. It also means they store your password in plain text for anyone on the lock team to see.”
Read more on this at CalvynAire.com.
WSOP by EA
One of the world's leading video game production companies, EA, has recently announced it has acquired a license for making the World Series of Poker poker game. What EA will do is launch an online version of WSOP with no artificial intelligence and follow the modern ways of online poker and put you up against live opponents. The game will also feature a career mode which will allow you to experience a more authentic World Series' environment. Another nice thing about EA's WSOP is that it will include Omaha poker alongside the most popular game variation, Texas Hold'em. Although the exact release date has not yet been announced, Touch Arcade says the game looks pretty much complete.
Visit Touch Arcade for more on this.
Women's Day Poker
Last Thursday, March 8th, the world celebrated International women's Day, PokerStars' blogger Rebekah Mercer took time to put it all together into one story about poker, women, equal rights, and how online poker helps women play a much bigger part in the game than they used to. In her post Mercer shares some poker history reminding us of the first known female poker player, Alice Ivers, who traveled the Wild West playing poker for a living. Mercer also shares her childhood memories and how her mother playing poker with men as equals made her realize that one's gender does not define the player. According to the stats, now 30 to 40 percent of real money online poker players are women, which shows that poker is not a game belonging to men only and growing women's achievements at the tables just proves it.
Head to PokerStars Women for more.
PartyPoker Premier League V and Tony G vs. Max Pescatori
PartyPoker is running a series of satellites rewarding $13,000 packages to the special Premier League Poker V event in Vienna to play with 14 world-class poker pros including Tony G, Patrik Antonius, Erik Seidel, Vanessa Selbst, Luke Schwartz, Sam Trickett, and Andy Frankenburger. What you need to do to join the pros at the live Premier League Poker tables is to play the event qualifiers at PartyPoker and make your way to the Sunday finals. Follow the qualification steps and you just might win that ticket to Vienna to play the televised $125,000 buy-in final event with a prize pool of more than $2 million.
In other PartyPoker news Max Pescatori appeared in a video talking about his rivalry with the notorious Tony G and giving his thoughts on the Premier League. Check it out:
Take a Poker Quiz!
Last week we told you about some interesting poker answers to questions you might otherwise not ever ask and now we have some more! However, this time it’s not just about questions and answers (although it kinda is), but about the quizzes. Fun Trivia has a whole bunch of fun poker quizzes for you. Do you know all the poker nicknames? Think you got Texas Hold'em all worked out? Are you keen on WSOP history? Prove it! Go to FunTrivia.com now and take one of the 68 poker quizzes.