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Making a living as a tournament poker player is a grind

02.19.2014     12:10 PM     Printer Friendly
SportsMemo.com blog entry.
Good article on Deadspin on how hard it is to make it as a tournament poker player.


To make $60K with a 25% ROI, you need to play tournaments with a combined buy-in of $240,000. Nearly a quarter of a million dollars of buy-ins each year in order to make what is a little above average income in the US.






Tags: Poker




Casino execs say online gambling won't hurt land-based operations

02.18.2014     08:03 AM     Printer Friendly
SportsMemo.com blog entry.
According to a few prominent casino executives, online gambling is not going cut into the profits of brick-and-mortar operations. This of course a far cry from Sheldon Adelson's claim that it will "cannibalize $25 million to $50 million of land-based revenues at the state’s land based casinos."


“These results also once again demonstrate online gaming’s potential to expand our business,” Smith said in a statement. “About 85 percent of our online players have not had rated play at Borgata in at least two years, showing there is little overlap with our land-based business.”

The Golden Nugget’s Thomas Winter told reporters that his company expects 60 to 70 percent of online players to be made up of customers who infrequently or never visit the Golden Nugget.







Tags: Poker




New Jersey online poker showing signs of life

02.17.2014     10:58 AM     Printer Friendly
SportsMemo.com blog entry.
Here's some results of a recent poll on New Jersey online poker players.


“Of the online players that we researched just two weeks ago, 35% had only begun gaming online following New Jersey’s decision in November 2013. This level of take-up, coupled with the movement to approved sites, represents a compelling fiscal case study for states seeking to cut their budget deficits.”



 




Tags: Poker




The old counterfeit poker chips in the toilet trick

01.29.2014     06:28 AM     Printer Friendly
SportsMemo.com blog entry.
Well, here's a subplot for Ocean's Fourteen. A man made counterfeit poker chips, used them in an Atlantic City poker tournament, disposed of said chips by flushing them down the toilet [insert lame joke about a Royal Flush], and of course got busted.




Tags: Poker




Louisiana wants to get in on the internet gambling party

01.23.2014     11:54 AM     Printer Friendly
SportsMemo.com blog entry.
Louisiana looking to try its hand at online gambling. How about a DuckDynastyPoker.com – or would Phil not approve?


“The joint committee is studying the feasibility of proposing internet gaming in the upcoming legislative session,” Jones told pokerfuse.







Tags: Poker




PokerStars positioning itself for New Jersey online poker

01.22.2014     01:49 PM     Printer Friendly
SportsMemo.com blog entry.
Interesting article on calvinayre.com about the likelihood of PokerStars soon becoming a part of the New Jersey online poker scene.


Sources have told CalvinAyre.com that the US Department of Justice has adopted a new approach toward pending prosecutions of individuals in connection with online gambling. In essence, provided those being prosecuted aren’t US citizens and the companies with which they are associated maintained no physical infrastructure within US borders, the DOJ will accept corporate pleas and fines to resolve all outstanding charges.







Tags: Poker




The Sheldon Adelson nightmare continues

01.13.2014     12:31 PM     Printer Friendly
SportsMemo.com blog entry.
This isn't good news for those of you hoping that Sheldon Adelson would crawl into a hole and never be heard from again. This goof is hell-bent on keeping online gambling illegal – so much so that here's the federal bill he just drafted. WTF.







Tags: Poker




Party Poker to sponsor New Jersey Devils and Philadelphia 76ers

01.09.2014     08:33 AM     Printer Friendly
SportsMemo.com blog entry.
The New Jersey Devils and Philadelphia 76ers just inked a sponsorship deal with bwin.party which operates Party Poker. The NBA had no issue with the arrangement saying that so long as it has nothing to do with sports betting, you're in the clear.


“As long as the gambling site doesn’t include sports gambling or sports betting, it’s now allowed within our rules,” NBA vice president Mark Tatum said in a statement sent by the league to The Associated Press.

“We are proud to welcome partypoker to our family as we embark on an exciting journey with an innovative, global leader in the digital marketplace” O’Neil said. “As an organization, we will continue to align with brands that aspire to grow with us, in true partnership.”






Tags: Poker NBA NHL New Jersey Devils Philadelphia 76ers




Vegas poker player tips cab driver $10K for returning forgotten $300K

01.02.2014     08:02 AM     Printer Friendly
SportsMemo.com blog entry.
In keeping with today's Good Samaritan theme, here's another gem. An unnamed Las Vegas poker player left $300K in a cab and had it returned courtesy of the cab driver. He "tipped" the cabbie $10K for his nice deed.


"It's good enough, I really appreciate it," Gamboa said about the reward. "I wasn't expecting anything from the people I help. I never expect anything from the people I do good for, but I really appreciate it and that he appreciated what I'd done for him."







Tags: Las Vegas Poker




Poll says 65% of Americans are in favor of legalized online poker

12.18.2013     01:36 PM     Printer Friendly
A recent poll conducted by Reason-Rupe said that 65% of Americans are in favor of allowing online poker. Below are the detailed results.

copy_gambling_poll.JPG




Tags: Poker



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