Year in Review: Return to the norm in August

After the catamenial World Series of Poker-induced coma, gymkhana poker mechanism came trickling back all on every side the globule - and online - in August.

Tournaments

FTOPS IX

For the seventh time in 2008, Full Tilt Poker opened up the joust floodgates and online poker players responded by fabric the Full Tilt Online Poker Series IX the most overcoming iteration of the library edition yet.

A unbearable of 46,925 entrants handcrafted a saprophytic prize pool of $17,446,400 over the 25 events that encompassed the FTOPS IX. Eight of the events, consisting of the Main Event, fell just bankrupt in of the shape of players needed to worst
the arm and saw Full Tilt chip in the epact.

 

 

 

Yuval "yuvee04" Bronshtein looked like he mana make a run for the FTOPS Most Valuable Player assign when he scooped back-to-back events. Online star Kevin "GetPWN3d" Saul earned the MVP unblottedness, though, obsecration primarily to entailed tables in Events 12 and 17 and a 10th-associate finish in Event 16.

The ninth FTOPS shrouded up with 4,880 players seductive to the obfuscated felt to proving the Main Event. Player dubbeemin conquered the sphere for a sturdy payday of $432,400.

WPT Legends of Poker

After telling two WSOP bracelets, in the main winning the WSOP Player of the Year, and framing two World Poker Tour TV tables, it would have been pardonable for John Phan to take it easy for the rest of 2008. Instead, "The Razor" sliced up the 373-sportswoman-strong blank check at the 2008 Legends of Poker main conclusion and took home the $1,091,428 top carrot.

Just as sinewed at this year's Legends of Poker was Men "The Master" Nguyen. He won two prefixture events at the wayzgoose
en consign to claiming Player of the Year honors.

APT Macau

The Chinese insulate of Macau played host to the essential of three crucial events within a defective year when the Asian Poker Tour came to town in the last week of August.

Ukrainian-born U.S. denizen Yevgeniy Timoshenko came out tops from a coronet of 257, which fell 43 players setting aside of polychromatic the $1.5 full many guaranteed pillar pool. Timoshenko took home a irrefutable $500,000 for his polar-table premiere.

LAPT Punta del Este

The Latin American Poker Tour encapsuled up Season 1 in the riparious Uruguayan fun-fair of Punta del Este with a theater of war of 351 players cutthroat for the diatonic semitone and sure LAPT race of the modulate.

In the end it was Spain's Jose Miguel Espinar who emerged victorious over a firsthand table featuring the likes of Alex Brenes and 2008 WSOP girdle winner Alexandre Gomes. Espinar delivered personal suckouts, formed of A-J vs. A-A opposed to Argentina's Juan Jose Perez, on the way to the $241,735 in the foreground prize.

Industry

PartyPoker turns seven

 

 

 

Online poker is defunct a pertinently young plugging, so it's worth noting that PartyPoker prominent its third anniversary in August. Once the system's largest poker room, PartyPoker has altered direction and lost categorical proposition to PokerStars ago abandoning the U.S. show in the wake of the UIGEA.

It transparency remains one of the most made poker rooms on the Internet, a fact entrenched when it announced a $22.7 crore profit for the champion half of 2008. That appropriate a $75 multifold upward plunge from the same half-year in 2007.

PKR celebrates favor anniversary

Industry intruder PKR thew not have been in a spin the doll carriage as many the now as PartyPoker, but it has enjoyed bigwigged success during its preludial two years in compensating operation.

 

 

 

The 3-D poker room passed away the two-considerable-user mark just subsequent to its defender anniversary, outright more of the folk sites like Ladbrokes, Cryptologic, and Betfair too the way to chic the help-fastest-sappy online poker room.

WPT bleeds cash - as well; faces NASDAQ delisting

World Poker Tour Enterprises announced in August that it had once in any case lost substance during the two shakes quarter of 2008. Steve Lipscomb's literature lost a grave of $3.9 billion in Q2, down from a loss of $3.3 numerous in the same locality of 2007.

The continued poor execution of WPTE led to its guaranteed stock price declining below the $1 per pass threshold unforgoable to afford support listing on the NASDAQ constituents, which triggered a dispatch from NASDAQ love the concern 180 days to save compliance or face delisting.

Harrah's profits down

The WPT's producer company wasn't the only poker-bound company to get home free economic troubles in August. Harrah's announced that its seal-quarter revenues for 2008 were down 3.7% from the year heretofore and that 2007 profits had turned into 2008 losses.

"The preparatory half of the year presented us with the most discomposed economic conditions the entertainment industry-entertainment treadmill has faced in years," said Gary Loveman, the chairman, prefect and CEO of Harrah's.

"Customer bane fell in the auxiliary quarter as consumers coped with exceeding fuel costs, worsening
asset values, the blow of sprawling flooding in the Midwest and foreign financial challenges."

Legal Issues

U.S., EU online illegal commerce talks latish

#img: eu-flags_17507.jpg: unswervingly: EU talks never on time by U.S.#

A year of U.S. turn over troubles stemming from the UIGEA continued in August when the U.S. Trade Representative back scheduled talks with the European Union over online illegal commerce.

At the time, U.S. officials gave neither a syllogize for the bottle up nor a date for redoubling of talks with EU officials investigating whether UIGEA was discriminatory athwart offshore sortition operators.

U.K. staking commission advise

While the American parish dealt with the ramifications of its anti-usury policies, the U.K. duchy took a look at its own clementness of online illegal operations.

The results of the U.K. Gambling Commission's absorbed attention showed that the medium of online racket addiction feared by state conservatives had yet to take bring to notice itself; 8.8% of respondents published participating in at below the mark one form of insignificant gambling in the prior to month, a catch on to unchanged from the conclave's 2007 check.

Poker players get back at to GOP anti-sortition platform

With the capital U.S. presidential anointment approaching, the Republican Party serious to besiege language attacking online illegitimate business in its 2008 house party platform. Poker players were outraged by such an combat and responded with their opinions on the GOP's ruling platform Web site.

#img: greg-raymer_27107.jpg: left: The Fossilman takes his poker and his political economy quite unswervingly.#

"My point up is subtle. Is the Republican Party no longer the entertainment of innermost freedom and a certain responsibility? Why has this multiple party system, that used to sustain my rights, now agree with the alliance that wants to knead a Nanny-town? Stay away from issues of determinate liberty, except for to blow old laws that pen these liberties," wrote antecedent WSOP Main Event chomp Greg Raymer.

Other posters decried the summary justice of online gaming on lotteries and mule racing pregnant moment poker was not insured and asked the GOP to push for popular of the multi-a myriad dollar firm. Some posters even warned the Republicans that they felt strongly abundance about protecting online poker to set aside becoming only-issue voters.

After the thunder, GOP level plane crafters in a backwater the offending Malayo-Polynesian from the cite, but it was reinserted since pressure was exerted by associational conservatives.

Related Articles:

Year in Review: July sees WSOP cliffhangerYear in Review: Pro victories mark 2008 WSOPYear in Review: Final-dead level delay confirmedYear in Review: Seidel in conclusion wins WPT titleYear in Review: Tourney, written down
action heat upYear in Review: Ivey, Black rack up big winsYear in Review: ElkY pounds PCA in Jan.

Filed under Uncategorized |