It's here, it's finally here! The 2012 World Series of Poker officially started yesterday, May 27th and will not stop until July 16th. Event #1: Casino Employees No-Limit Hold'em gave start to the 43rd annual WSOP and after Day 1 there were 46 out of 732 players still at the tables. Chip Saechao led the chip counts with 150,600. Marvin Rettenmaier and Tom Marchese both finished the WPT season on a high note by winning the $25K Main Event and the $100K Super High Roller. MGM is getting ready to launch its new social casino on Facebook expecting to let its users gamble for real money someday. Keep reading for more.
WSOP Event 1: Day 1
The biggest poker event of the year – the 2012 World Series of Poker took off yesterday, May 27th, with Event 1: $500 Casino Employees No-Limit Hold'em. Down from last year’s numbers 732 casino staff members laid their money on the table all in hopes of receiving this year's first WSOP bracelet and the $70,000 first place cash prize. However, only 46 of them survived the first day and will return to the tables tomorrow. Chip Saechao was leading the field with 150,600 in chips while James Routos was in second, holding 146,900. Matthew Wilmot was in third place with 122,800 chips. Among the notable survivors was WSOP 's own executive director Ty Stewart with 69,900 chips still in his stack.
These are the WSOP Event 1: $500 Casino Employees No-Limit Hold'em chips counts after Day 1.
Go to PokerNews.com to see live reports from Event #1.
Marvin Rettenmaier Wins WPT World Championship Main Event
The 2012 World Poker Tour World Championship Main Event wrapped up on Saturday with the newly baked PartyPoker pro Marvin Rettenmaier lifting the trophy. Rettenmaier started the final table as the chip leader with an almost three times bigger chip stack than his closest rival Michael “The Grinder” Mizrachi and maintained the advantage until the very end. However, his heads-up opponent was the player with the worst starting position before the final table – Philippe Ktorza. The Frenchman had the least chips coming into the final play, still he managed to survive until the very end. Despite Ktorza's great performance Rettenmaier stood his ground and won the tournament collecting $1.2 million.
WPT World Championship Final Table Payouts
|3||Michael “The Grinder” Mizrachi||$424,618|
Visit PokerNews.com for the full tournament report.
Tom Marchese Victorious in the $100K WPT Super High Roller
On Friday, May 25th, just one day before Marvin Rettenmaier's victory, the WPT World Championship saw Tom Marchese beat Andrew Robl heads-up on his way to the $100K Super High Roller title. The 6-handed final table featured some big names including Justin Bonomo who was fourth in chips before the start of the play and John Juanda who was fifth. Unfortunately for Bonomo he was the one to burst the money bubble and leave the table empty handed. Juanda did better, however, it wasn't enough to grab the title – he finished in third place collecting just over $500K.
The heads-up match began with Marchese holding a slight chip lead against Robl. Final play lasted for about 80 hands after which Marchese was the one holding all the chips. It was his first WPT title which he collected along with the $1.3 million cash prize and the $25,500 seat into next year's WPT World Championship.
WPT World Championship Super High Roller Final Table Payouts
New MGM Facebook Casino Aims at Real Cash Gaming
Although the new MGM Resorts and Playstudios' online social casino is aimed at becoming a real-money gambling game, Facebook executives say they are not willing to make the step of introducing cash games. The issue of real money gaming on the world's biggest social network was one of the main concerns of the Social Gaming Summit which took place in Berlin last week. However, Facebook’s head of European partnerships Julien Codorniou said that the company has no intentions when it comes to real money gambling.
There is “too much money in free-to-play games,” Codorniou told Gambling Compliance in an interview. “The margin in online gambling is so low. On virtual chips, it’s 100% – 70% after Facebook takes its portion.”
The MGM and Playstudios' social casino called myVegas is still under development and is going to offer virtual currency gaming, although the plans of switching to real money are still in place. Playstudios' founder Andrew Pascal said the company is “focused on virtual currency-based social goods gambling. A lot of people are very excited about for-cash gambling as an opportunity. It is an enormous prize when it gets sorted out. Everyone will position themselves for it. But having been in that business, I fully appreciate its complexity.”
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