Thursday, July 23, 2009

WPT for sale?

I'll get you part two of that Pokernews series, soon as I youtube it. In the meantime a little news brief. It looks like one of my favorite sites is thinking about joining the fray and expanding the brand a little bit. Every few weeks there is a new suitor for the WPT, but this one looks like it has legs. Bwin, the popular European online casino, to buy?

What I read places WPT CEO Steven Lipscomb in Gibraltar. That's an English piece of land at the southern tip of Spain. Yeah, it's weird but anyway that's kind of Europe's Costa Rica for casino online sites and that is close to all kinds of European players.

Soon, as the U.I.E.G.A. gets put down you're going to find out a lot about these European sites as the market will be full with competition. Which is a great thing. Anybody wanting to play online casino will have some regulated options. One site in particular might come in a little more well known than others and that's bwin if they buy the WPT.

The WPT story is an interesting business legacy. At first their stock IPO'd at $8 a share. They, though some Brits dispute it, were the first to offer pockt cams, and poker on TV suddenly became worth watching. The travel channel had a new show, that had little to do with traveling, though they gave some lip service to it early on, and the WPT took off.

Well, imitation being flattery and all, isn't entirely true, because soon the poker shows flooded the dial. The WPT was just one of many and ratings suffered, so did the stock price. Also, the WPT perhaps managed itself a little carelessly as a circuit and forgot about the bottom line.

Recently it was reported that Lipscomb had cleverly secured a piece of any sale made this year. So, buyers might know the clock is running out and their is a motivated seller. Bwin, isn't afraid of taking risks, offering a play casino online, and is probably one of a few playing chicken. The two organizations are old friends with Bwin doing online satellites for the WPT Venice stop.

It would be great for bwin to inject some life into the flailing WPT. Let's hope so.

Monday, July 13, 2009

Part III



The Moneymaker effect is profiled in Pokernews third installment of the history of the World Series of Poker. Mike Sexton and Gavin Smith recognize the moneymaker effect even if the term still feels foreign to Chris himself.

Chris's story, is a fairy tale that couldn't have been scripted. Playing heads up against the ultra-smooth Sammy Farha, the picture of a regal professional gambler, a shark in a nice suit, and Chris is anything but intimidated. He knocked off Phil Ivey on his way to the final table and his run basically ignited the poker boom in the United States.

Maybe Joe Hachem in Australia can empathize a little bit, but Chris' story is a global one. He's as much a Cinderella as any underdog in sports and certainly the biggest in World Series of Poker history. To his credit despite his success he seems to be a first class guy even with the burden of expectations weighted on his shoulders.

His journey from everyman to The Man, is mirrored by the explosion of a niche game into a global past time. A qualifier through a poker website, online poker has Chris to thank for billions of dollars earned. The top youngsters in the game all cite Moneymaker as one of their influences in picking up the game, and online qualifiers represent everybody's dream. His poker school was the main event and his bluff on Farha has gone down as one of the biggest of all time.

Doyle Brunson delivers some insight that might be a little surprising, same with Amarillo Slim, who outright admits he "resents" what poker has become in particular the online game. Brunson who padded his wallet in side games laments only their disappearance as the tournaments have taken over the game.

It's a far cry from a gambling conference that the World Series got its start as. Even though Phil Hellmuth closes talking about the game like it's still a reunion, these days it's anything but, rather the game has become unbridled growth.

Thursday, July 9, 2009

I'm a Celebrity Get Me Out of Here!


The WSOP this year has had a celebrity element to it. Not the Matt Damon/Ed Norton photo op appearance after the release of Rounders (your DVD probably has that covered) but a saturation and merging of celebrity with a fondness for poker and the pseudo-celebrities that poker players are. The bad thing is, both are beating the other at their own games.


Phil Hellmuth has defined making a spectacle of himself. His entrance was more over the top than any before it. Remember when a Hellmuth late main event entrance was when he'd awkwardly climb over some ropes at Binions and squeeze into a seat at that dump. Now, he's regaled as Caesar with an entourage bigger then the bubble at some WSOP circuit events this year.


Meanwhile, the celebrities are dipping their toes into the Main Event pool, yet, nobody cares, there is no extra media attention. Maybe if they won it, but so far the media coverage is mostly the poker media, and I include Andrew Feldman of ESPN.com as poker media. George Costanza is going deep in the Main Event? Didn't see that on CNN or on the cover of the magazines by the counter at the grocery store.


So, besides the fun of it, why are celebrities participating if they aren't making a spectacle of it. For most of them, whether they won't to admit it or not, it's all about getting into the next tabloid. Remember when Spiderman tried to play in abstract anonymity (okay, I'll grant him that by not using his real name) yet everybody could tell Peter Parker was in the field. Was that because he took poker seriously?


Now, the yahoos who we didn't watch on Bravo's Celebrity Poker are going deep in the Main Event. What happened to Jason Alexander he went from being astounded his pocket aces got cracked (like that never happens) one year, to sitting on a mammoth chip stack for part of this year.


The awful dreck that is "I'm a Celebrity Get Me Out of Here!" which tried to capitalize on the ratings of Celebrity Apprentice, which were attributable to Annie Duke's war of words and wills with Joan Rivers, sent multiple players to the Main Event. Torrie Wilson, John Salley, Lou Diamond Phillips, were obscure before NBC decided to low budget another reality TV show, and their performances at the Main Event seems to bump their celebrity quotients just as minorly as sharing a camp with two Baldwins, three Pratts, and super model that steals granola bars in Costa Rica.


Okay, the b list stars and the stars of poker, who at best are b-list themselves, treat each other with reverence and both groups feel like somebody when recognized by somebody equally as mediocre in public stature. Notice when the big stars play it's like they hide from the camera.


There are several top online pros that nobody knows who they are. Maybe it isn't super users in covert mode but big time A list stars like Clooney and Pitt who don't want the Q rating to go down by being associated with poker. Wonder if they sit around at home and play mac poker. Are they tethered to an online feed like all those 18 and 20 year old future stars in their parents basements. Maybe Lou Diamond Phillips who is on the money bubble right now was right there with them. Perhaps he can play himself in Oceans 111 if he wins the main event.

Friday, July 3, 2009

Poker Island Promotion

Therre is a an old question if you could have any two items on a deserted island what would they be?

Some poker players could probably manage with a solar laptop with internet connection and unlimited food. If the island wasn't entirely deserted it might even be a paradise on earth.

Now, some poker players are trying out that answer. Luckily for them, the island isn't deserted, they have an internet connection, and they have all the food they can eat. Plus, accommodations aren't a Gilligan's Island style hut it's a luxury villa. Then throw in cards, chips, and live opponents and you have to wonder why anyone would ever leave this paradise.

One of my favorite promotions in online poker, the bwin Poker Island is happening right now and players are getting that type of an experience of a lifetime. This isn't an episode of Gilligan's Island, where everybody wonders why the Professor can't just build a boat if he can build a coconut radio and bamboo TV, any Professor on this island will be more Howard Lederer than comic straight man.

Poker island sounds like dream but it is a reality. What's at stake for these poker players? Just an oportunity to win a huge prize package to next year’s Aussie millions. Even better as Melbourne, the host of the Aussie Millions, is another paradise on the other side of the world. Can you imagine if they had a perverse sense of humor and offered a prize package to Tunica, Mississippi? The cliche the journey is better than the destination would never have been truer.

On Poker Island players from around the world will be playing in around the clock poker games. If it sounds like a made for TV special, it kind of is, Survivor meets the World Series of Poker. All the drama will take place June 15th to July 14th on poker island.

No need to take a three hour tour under the incapable hand of a skipper to crash in the island. No, all it takes to get to this poker island is to win a couple of online poker tournaments. The best part is the first step in the ladder can be won for free. Doesn't matter the size of your bankroll as freerolls give anybody with a bwin account an opportunity to win.

Unfortunately, this years qualifers are over, (www.bwin.com/pokerisland) completed June 23rd, but now all the winners are on the ilsand settling who will be this year’s king of the island and Aussie Millions prize package champion. Each week a weekly champion is crowned and qualifies for the grand final. The grand final takes place July 14th and pits each of the weekly champions verse one another. The champion of the grand final wins a VIP Package for the “Aussie Millions 2010” poker tournament in Australia worth $25,000. To get a better idea of what's going on at poker’s paradise island visit www.pokerisland.tv right now.

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