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Found 104 results

  1. Hosted by Lance Bradley and Donnie Peters, The Fives Poker Podcast runs each week and covers the latest poker news, preview upcoming events, and debate the hottest topics in poker. Listen in to an all-new episode of The FIVES Poker Podcast as Lance and Donnie return with all of the latest news from this week in the world of poker. It was a busy week when it came to legal procedures in poker including an end to three prominent cases. First, Phil Ivey's long battle with the Borgata in the multi-million dollar edge sorting case has finally been resolved out of court. At the same time, nearly a decade after Black Friday, PokerStars founder Isai Scheinberg is in the clear from his charges and free to travel in the U.S. once again. Also, there was a settlement in the Mike Postle cheating allegations case which looks to put one of the biggest stories of 2019 to rest. Plus, WIRED Magazine took a deep dive into the Postle scandal which brings up some additional questions surrounding the case. So download and listen in! Subscribe to The FIVES and never miss an episode - available everywhere you enjoy your favorite podcasts. Subscribe: Apple Podcasts * Google Podcasts * Stitcher
  2. We're three months away from the second-ever running of the World Series of Poker's Big One for One Drop, a charity tournament with a hefty $1 million buy-in that last took place in 2012. The steep price tag certainly hasn't stopped people from signing up in droves, as 23 poker players, businessmen, and qualifiers have already confirmed their attendance: 1. Antonio Esfandiari 2. Guy Laliberté 3. Bobby Baldwin 4. David Einhorn 5. Phil Galfond 6. Philipp Gruissem 7. Phil Ivey (pictured) 8. Jason treysfull21 Mercier 9. Paul Newey 10. Bill Perkins 11. Vivek Psyduck Rajkumar 12. Brian tsarrast Rast 13. Andrew good2cu Robl 14. Erik Seidel 15. Brandon Steven 16. Sam Trickett 17. Noah Schwartz 18. Anonymous Businessman 19. Anonymous Businessman 20. Anonymous Businessman 21. Aria Resort Satellite Seat 22. Bellagio Resort Satellite Seat 23. World Series of Poker Satellite Seat The first 17 players on the list above all participated in 2012, the first and only other time the Big One for One Drop has taken place. The tournament sold out at 48 entrants last time and, with the addition of another eight-max table this year, 56 players can be accommodated. If the tournament sells out once again, as expected, the first place prize could reach $20 million. Antonio Esfandiari (pictured), who won the 2012 installment and became poker's all-time money leader in the process, commented in a WSOP press release, "I can't wait to defend my title. The event was life-changing, but so was my trip to El Salvador after it with the One Drop organization to see first hand what a difference the money raised from this event can do for those in dire need of help." WSOP officials plan to reach out to additional players to recruit them to the One Drop field after already contacting everyone who played in 2012. The tournament is scheduled for three days beginning June 29 and $111,111 of each buy-in goes to charity. If the event sells out, the prize pool would be around $50 million. Anyone interested in playing is encouraged to contact WSOP officials. Stay tuned to PocketFives for the latest WSOP news. Want the latest poker headlines and interviews? Follow PocketFives on Twitterand Like PocketFives on Facebook. You can also subscribe to our RSS feed.
  3. More details have emerged in Borgata's lawsuit against poker legend Phil Ivey, his supposedly accomplice Cheng Yin Sun, and card manufacturer Gemaco. Ivey (pictured) and Sun are being accused of using a technique known as "edge-sorting" to make off with $9.8 million at the baccarat tables, while Gemaco is being sued for producing the flawed cards that allowed the pair to gain the statistical edge over the casino. According to the lawsuit, Ivey contacted Borgata in April 2012 with a list of demands for playing a session of high-stakes baccarat at $50,000 a hand. Those demands included a dealer who spoke Mandarin Chinese, a purple deck of Gemaco playing cards, a pit to himself, permission to have a guest at the table, and use of an automatic shuffler. The lawsuit details that Ivey played four sessions in 2012, all of which went exceedingly well for the poker pro. In April of that year, he played for 16 hours and banked $2.416 million and in May he played a total of 56 hours, taking home $1.597 million. In July, he was allowed to up his maximum bet to $100,000 per hand and walked away with $4.787 million. But Ivey's most interesting session came in October, just as the Crockfords casino in London announced that it was withholding his £7.8 million win at Punto Banco due to suspicion of cheating by "edge-sorting." Borgata officials claim they questioned Ivey about the incident, to which he responded that he was "disgusted" and was tired of speaking about it. He then said that he planned to sue Crockfords (pictured) for the winnings. Borgata allowed him to continue playing, but now says that Ivey proceeded to lose up to $2.7 million back to the casino on purpose in order to make the cheating seem less obvious. Gaming lawyer Maurice VerStandig believes the case against Ivey and Sun is dubious at best. "Edge-sorting falls somewhere between card counting and weighted snake eyes – and the law is yet to figure out just where," he told PokerNews. "There is no real precedent for cases like this." VerStandig highlighted as ridiculous the unusual claim by Borgata that Ivey used the casino's own shuffling machine as his "cheating device." "The suggestion that a casino can be fraudulently induced into dealing a card game with its own cards, equipment, and personnel is seemingly fantastical," he said. He also pointed out that the casino agreed to all of Ivey's terms in advance. While he believes that the Borgata's case against Ivey and his companion doesn't hold much water, he believes the casino's suit against card manufacturer Gemaco, with its lack of quality control, is valid. "Borgata lost just under $10,000,000 to a player who exploited this lack of uniformity; law and reason alike support the suggestion that Gemaco likely acted negligently and breached a warranty or two along the way." In fact, he believes the suit against Ivey and Sun only serves to water down the "otherwise robust pleading" against the manufacturer. US District Court Judge Noel Hillman has already told Borgata's lawyers that the suit needs to be cleaned up before proceedings can continue. Apparently, the casino's legal team failed to identify Ivey's home state, only saying that he was a "citizen of the United States currently residing in Mexico." The lawsuit made the same generalization when describing Sun's state of residence. But, while these errors have been pointed to in the poker media as a blow to Borgata's case, VerStandig said, "The flaws that led to this specific order are both common and hyper-technical." Even so, if the suit is not amended before April 24, the judge will be forced to throw it out. Want the latest poker headlines and interviews? Follow PocketFives on Twitterand Like PocketFives on Facebook. You can also subscribe to our RSS feed.
  4. According to NJ.comand a variety of other outlets, the Borgatain Atlantic City has filed suit against poker pro Phil Ivey (pictured) over a $9.6 million baccarat win that occurred two years ago. The site explained, "While playing,Ivey allegedly cheated by fixating on pattern flaws on the back of the cards, a technique commonly known as 'edge sorting,' according to the lawsuit." If all of this sounds familiar, it's because it is. In 2012, the same year Borgata alleged the cheating at its casino took place, Ivey booked a £7.3 million win at Punto Banco at Crockfords in London, but that casino refused to pay out. Punto Banco, as you might know, is a variation of baccarat and, according to our original story on the matter, "The card backs were emblazoned with a diamond pattern that is normally symmetrical. The cards in the game that night, though, were allegedly miscut at the factory, producing an asymmetrical pattern, one where the diamonds on one edge were sliced in half." Read how Crockfords alleged Ivey cheated. At both Borgata and Crockfords, Ivey reportedly asked the casino to rotate cards, hold the shoe, and allegedly exploited his knowledge of the mis-cut cards. Our article pointed out, "Crockfords alleges that because of the asymmetrical card backs, the cards that were turned were easily identifiable. Ivey and his friend supposedly used that information to their advantage during later deals." Here's a graphic from the Daily Mail that shows the alleged process: Borgata has also filed suit against Kansas City-based card designer Gemaco, and "a female partner of Ivey's, Cheng Yin Sun, who allegedly gave instructions to the dealer," according to NJ.com. The Press of Atlantic City detailed that in April 2012, "Ivey contacted Borgata to arrange a high-stakes game of baccarat in which he agreed to wire a deposit of $1 million and a maximum bet at $50,000 per hand. Ivey also made special arrangements, including having a private area, or pit, a casino dealer who spoke Mandarin Chinese, one eight-deck shoe of purple Gemaco playing cards to be used for each session of the play, and an automatic card shuffling device." The same news source added, "Borgata said in the lawsuit that Ivey told them he made these requests because he was superstitious." However, each of Ivey's demands, according to Borgata, furthered his ability to "surreptitiously manipulate what he knew to be a defect." The automatic card shuffler, for example, would prevent each card from being turned and the purple Gemaco playing cards contained the critical defect. Ivey also visited Borgata in May, July, and October 2012, according to the Press. CardPlayer revealed that the Crockfords incident is still pending. Borgata officials PocketFives contacted late Friday declined to comment, instead instructing us to get in touch with the casino's legal department, which was closed for business for the weekend. It remains to be seen if Ivey would be allowed in the casino for the World Poker Tour Championship, which will emanate from Borgata later this month. Stay tuned to PocketFives for the latest. Want the latest poker headlines and interviews? Follow PocketFives on Twitterand Like PocketFives on Facebook. You can also subscribe to our RSS feed.
  5. In a rare interview, poker pro Phil Ivey (pictured) opened up about his past and addressed the latest rumors that he is broke. The interview was published on Bluff Magazine's website, which was able to get the normally reserved Ivey to open up about several issues in his poker career. Apparently taped following his monster $4 million win at the Aussie Millions $250,000 Challenge, Ivey walked through where he came from to get where he is today. "I started when I was eight years old with my grandfather," Ivey began. "We played Five Card Stud with a jar of pennies… I picked it up again when I was 14 to 15, which is when I started taking the game a lot more seriously." Ivey stated that his next stop on his poker journey was when he moved to Atlantic City around the age of 20. He also talked about his use of a fake ID to gain entrance to the casinos in New Jersey ("something I don't recommend," he said with a smile), which was the breeding ground for how "I got to be as good as I am." One of the things that Ivey is known for – outside of his outstanding poker play – is his propensity to hit the pit games, especially craps. "I don't play as much as I used to," he said in the interview. "I like to take some chances sometimes… If it's within your bankroll and you're able to spare [the money], then it's okay." When asked about the Poker Hall of Fame, Ivey was respectful of the rules set in place that will keep him out until he is age 40. That rule, commonly known as the "Chip Reese Rule," isn't something that Ivey seemed entirely upset by. "Chip was a good friend of mine and I'd like to see him keep that record… He was one of the best players I ever played with. I'm happy to wait." Ivey will be eligible for the Poker Hall of Fame in 2016. The real meat of the interview came when Ivey was asked about Dan Bilzerian (pictured), who has promulgated rumors that Ivey is broke. When asked if he had ever played with Bilzerian or knew him well, Ivey chuckled slightly and said, "No, I don't. I don't think I've played a hand of poker with him." When challenged with the Bilzerian rumor, Ivey stated, "People can say what they're going to say… I don't really feed into that. His opinion is his opinion… He really doesn't know my financial status." Ivey's peers have been silent on the interview with Bluff Magazine, but that hasn't stopped the rest of the poker world from sounding off on what was a rare interview with one of poker's most private people. Many of the viewers attempt to get a "read" on Ivey's body language during the discussion, especially when the subject turned to the Bilzerian rumor. One poster commented, "He seems pissed and a little flustered when Bilzerian was first brought up." Others point out that the past few years – which have seen Ivey divorce his wife and witness the shutdown of Full Tilt Poker – might have had an impact on his bankroll, but he should still be in good shape financially. "Ivey is self-made, Bilzerian is not," another poster chimed. "I doubt that Ivey gives a s**t about what Bilzerian thinks." With well over $21 million in career earnings, Ivey ranks second on the all-time money list, according to the Hendon Mob, behind only Antonio Esfandiari and has won virtually everything there is in the tournament poker world. The holder of nine World Series of Poker bracelets, one World Poker Tour championship, and three final tables on the European Poker Tour, Ivey has been more acclaimed for his skills in cash games, the true "bread and butter" of a poker pro. Want the latest poker headlines and interviews? Follow PocketFives on Twitterand Like PocketFives on Facebook. You can also subscribe to our RSS feed.
  6. Daniel Negreanu (pictured) recently made his opinions about Borgata's lawsuit against Phil Ivey abundantly clear, going on several 140-character-fueled tirades defending his friend on Twitter. The Atlantic City casino is suing the poker legend for $9.6 million, claiming he won the cash using a technique it considers to be illegal. Negreanu, never afraid to speak his mind, started out by questioning the judgment of the casino staff, who allowed Ivey to allegedly run his "edge-sorting" scheme in the first place: "Been reading up on poker news lately and the people running the Borgata high-limit pit have to be incredibly stupid overall." In the Tweet, Negreanu is likely referring to the fact that casino management agreed to allow Ivey to raise his betting limit from $50,000 to $100,000 per hand after he had already won millions of dollars playing baccarat and then continued to allow him to play even though he had been accused of using "edge-sorting" at a London casino. He had praise for Ivey and reiterated the sentiment of many gamblers, saying, "My hat's off to any man who can get an edge on a big-time casino. It's just straight baller and I have zero empathy for the big fish." Going back to the mistakes made by management, Negreanu Tweeted, "Big fish sets all the rules, okays all the rules, they need to eat it when they get beat and not be whiny biatches about it." The "rules" to which he refers are the conditions for the high-limit session of baccarat set by Ivey (pictured) and approved by the casino. The seemingly strange requests included a dealer who spoke Mandarin Chinese and shuffled using an automatic shuffler, a private pit, the ability to have a guest at the table, and, most importantly, a deck of purple Gemaco playing cards. "It's appalling to free-roll customers," Negreanu continued. "Take their money if they lose but don't pay when they win? Are you for real Borgata? That's dirty." Negreanu continued the mini-tirade and called into question how Borgata's image could suffer with gamblers after the incident. "Suing customers who crushed your souls is a bad look. You got bent over. Might as well smile and enjoy it," he ranted. "No one in the world has empathy for Borgata in this. Stop playing victim because your hustle wasn't as good as Ivey's." The consummate gambler even admitted to having been played in the past, but always settled his debts. "I've been hustled before, but the idea of not paying was never even a consideration! Borgata - you got hustled bad. Get over it already," Negreanu said. In one of his final Tweets on the matter, Negreanu summed up how many gamblers view the whole situation. "Borgata, you thought Ivey was stupid and you tried to bury him. He hustled you, smoked you, and left you feeling silly. Stand responsible!" Borgata is suing Ivey, along with his alleged partner in the scheme Cheng Yin Sun and card manufacturer Gemacofor lack of quality control. Want the latest poker headlines and interviews? Follow PocketFives on Twitterand Like PocketFives on Facebook. You can also subscribe to our RSS feed.
  7. April has been mighty kind to ragen70, whose real name is Niklas Heinecker (pictured). He earned $514,000 at the Full Tilt PokerTriple Draw tables on Wednesday to bring his three-day haul to an impressive $1.4 million, according to HighStakesDB. And it's not like Heinecker is facing off against the peons of the poker world either. In fact, he has been battling some of the game's top minds. According to HighStakesDB, "Heinecker did all of his damage [on Wednesday]during a six-hour morning session, where he put together two big table scores. In his first match of the morning, he beat Phil 'Polarizing' Ivey heads-up in a 78-minute session, winning $115k. His second big score was a $332.9k three-hour win at table Upper. Once again, Ivey was the big loser, dropping a further $194k, with other players including PostflopAction, samrostan, Gus Hansen, thecortster, and Isildur1." Heinecker calls Germany home and HighStakesDB began tracking him in late 2010. He has opted out of the site's long-term tracking, but we know he is up nearly $1 million in the last seven days, all of which has come in Draw Games. On Tuesday, Heinecker booked $310,000 in winnings playing $2,000-$4,000 2-7 Triple Draw. The site narrated, "All of ragen70's success came from his early morning sessions, which started just after 2am. His biggest win was a $299.9k win at table Pikedale from a four-hour session where his opponents included Gus Hansen, FinddaGrind, OMGClayAiken, Kagome Kagome, and Crazy Elior. The biggest donator was OMGClayAiken, who dropped $195k at the table." The site added, "OMGClayAiken also provided ragen70 with another big win, as the pair played a nine-minute heads-up session half-an-hour into the Pikedale session, with ragen70 winning $109k in just 18 hands." That's an average of $6,000 per hand in the mini-session against Phil "OMGClayAiken" Galfond (pictured). Heinecker was the biggest winner HighStakesDB tracked on Tuesday and Wednesday. Last June, Heinecker hit it big on the live scene, winning the GuangDong Asia Millions Main Event for a healthy $4.4 million. That tournament had 71 entries and 54 rebuys for a total prize pool of $15.3 million and Heinecker beat Australia's Jeffrey Rossiter heads-up. He has $4.7 million in live tournament earnings, according to the Hendon Mob, which is good for fifth on the all-time money list for Germany. Want the latest poker headlines and interviews? Follow PocketFives on Twitterand Like PocketFives on Facebook. You can also subscribe to our RSS feed.
  8. Coverage of the World Series of Poker's Big One for One Drop continued on Tuesday night on ESPN. Two one-hour episodes began with 16 players left and Tom Hall was perched atop the chip counts. The One Drop dished out a $15 million top prize. --- PocketFives' news coverage is brought to you by Betsafe, one of the leading suppliers of online gaming products worldwide and a major sponsor of Gumball 3000. Sign up now for great bonuses, €3,000,000 guaranteed monthly, and plenty of live events! --- Daniel Negreanu (pictured) got off to a hot start on Tuesday, doubling to 70 big blinds after his aces held against Dan Colman. This prompted ESPN poker commentator Norman Chad to joke, "Betting against Daniel Negreanu in the 2014 WSOP is like betting against Christopher Columbus in 1492." Oh Norman. Colman did rip off a little revenge courtesy of Phil Galfond (pictured), who dropped a pot worth 8.3 million in chips to Colman after the latter hit a runner-runner flush. Upon seeing what Colman had, Galfond remarked, "I was going to feel dumb if he had queens, but I don't feel dumb about that." The next hand, Galfond called an all-in of a player who had A-K while Galfond had A-Q on a flop of A-7-7. Galfond didn't improve and he was quickly down to nine big blinds. The first one-hour episode ended with Phil Ivey check-raising all-in versus Cary Katz with two hearts on a flop of Q-5h-Qh. Katz had A-Q, which was unbeatable when the turn paired the board, and Ivey was eliminated in 14th. Katz delivered the beat of a lifetime last week. Following Ivey out the door was Galfond, who started the second episode off by getting it all-in with Qc-10 on a flop of 7-2-4, all clubs. Reigning One Drop champAntonio Esfandiari curiously called with A-Q (no clubs), while Negreanu shoved all-in over-the-top with K-J of clubs for the second best flush. Esfandiari got out of the way and Galfond was drawing dead and out. The hand pushed Negreanu to 12 million in chips and he told his tablemates, "I told you what I play for: straights, flushes, all-in." Former "Welcome Back Kotter" star and "High Stakes Poker" host Gabe Kaplan went out at the hands of former "sex tape purveyor" Rick Salomon (pictured), as Chad dubbed him. Google it. Following Kaplan's elimination, Salomon, who was wearing a white "Painman" t-shirt, stacked 16% of the chips in play with 11 people remaining. ESPN then touched on the subject of Colman "refusing to speak to the media during the Big One." Chad perhaps sarcastically explained, "He says he's conflicted about the game and doesn't care to promote poker. So, I guess one of the best ways not to promote poker is to play in a million-dollar buy-in event on national TV?" Tuesday's coverage ended with a blow-up from Esfandiari, who first called an all-in with A-9 of diamonds and lost and then 3bet all-in pre-flop with A-5 only to run into Tobias Reinkemeier's A-J. Esfandiari did not improve and was sent to the rail in 10th place, making no money. Esfandiari was seen on the rail saying, "It's amazing. When the cards turn against you, they just turn against you." The conclusion of the Big One for One Drop will air nextTuesday at 8pm ET on ESPN. Want the latest poker headlines and interviews? Follow PocketFives on Twitterand Like PocketFives on Facebook. You can also subscribe to our RSS feed.
  9. With the 2014 World Series of Poker nearly upon us, pros like Daniel Negreanu (pictured) and Phil Ivey have been busy drumming up their annual high-stakes side action. This year, Negreanu made a simple proposal open to anyone: an even-money bet that either he or Ivey will win a bracelet in one of the WSOP Las Vegas events. Negreanu posted the offer on his Twitter account: "Min bet is $5k against me and Ivey winning a bracelet this summer and the odds are even money. One of us wins, you lose. Simple," he said. The max bet? A million dollars. Negreanu has a stellar record in WSOP tournaments, winning six bracelets and banking over $6 million in earnings. His first WSOP win came in 1998 when he took down a $2,000 Pot Limit Hold'em event for $169,460. Since then, he has topped the field in three more Las Vegas events, while taking first in two No Limit Hold'em events at WSOP APAC and WSOP Europe in 2013. Ivey (pictured) has an equally impressive record at the WSOP, taking home nine bracelets along with $5.9 million in total event winnings. The 38-year-old won his first bracelet in a $2,500 Pot Limit Omaha event in 2000 for $195,000 and went on to win seven more in the Vegas series while scoring his latest at WSOP APAC in 2013. That means that at least one of them has claimed a Vegas WSOP bracelet in eight of the last 15 years, leaving seven dry years between them. Willyoman on TwoPlusTwo pointed out the fact that the skill level of the competition has undoubtedly increased in the last few years. "From 2010 to 2013, over four World Series, when the games have been toughest, only one of them won one," he said. "Don't recall if Ivey sat out one of those years, but either way, I don't think it's even money." For gamblers like Ivey and Negreanu, prop bets and the WSOP go hand-in-hand. When Ivey was close to winning his first Main Event title in 2009, it was rumored that the high-stakes pro would have made up to $6 million in side action alone had he taken first place. With his confidence sky-high after securing two bracelets that year, Ivey was reportedly taking as much action as he could right up until the final table kicked off. In the end, he took seventh for $1.4 million. So far, a Las Vegas Main Event win has eluded the pair. While Ivey is once again busy taking action, some believe that, due to his recent legal problems with Borgatain Atlantic City (pictured) and an ongoing issue with Crockfords in London, the pro might not even be allowed to participate in this year's Series. "What I'm hearing [is that] Caesars/WSOP staff as of right now are saying Ivey can play, but there are ongoing discussions between higher-ups… that are seriously considering not allowing Ivey to play or step foot on Caesars Entertainment properties until this Borgata mess is cleared up," said poster trotter. However, Caesars' Seth Palansky told PocketFives in an exclusive statement that any talk of Ivey being barred from this year's WSOP was purely fictional: "IveyPoker has a booth this year at WSOP and we look forward to Mr. Ivey’s quest to join the double-digit bracelet holders list." Some wondered if Ivey was simply a "fantasy partner" in the bet, but Negreanu later said on a Bluff podcast that Ivey would be taking the lion's share of the action, while he would take a very small portion. If you think the pair can't make it happen this year, you can e-mail pattylandis@hotmail.com and make your own bet. Want the latest poker headlines and interviews? Follow PocketFives on Twitterand Like PocketFives on Facebook. You can also subscribe to our RSS feed.
  10. It took a couple days, but Wei Seng "Paul" Phua and his son, Darren Phua, were finally released from federal custody on bail Monday after being detained for about two days. While it appears that they are certainly still in a heap of trouble, they have a couple deep-pocketed friends to thank for their current freedom. --- PocketFives' news coverage is brought to you by Betsson Poker, a leading global online gaming provider. Betsson Poker is available on Mobile and offers regular promotions to live events around the world along with great bonuses and competitions. Play nowfor a chance to win the a Dream Holiday with the Grand Poker Adventures throughout 2014! --- Ten-time World Series of Poker bracelet winner Phil Ivey (pictured) put up the $500,000 bond required for Darren Phua as well as another $500,000 for father Paul. Andrew good2cu Robl contributed the other $1.5 million for Paul's release. According to the Las Vegas Review-Journal, Tom "durrrr" Dwan also came to the Phua's aid. Present at the time the Phuas were arrested earlier in July, Dwan signed an affidavit in which he questioned the tactics the agents used when apprehending the two men. He also supported them during their first court appearance. Though Ivey and Robl contributed the entire $2.5 million needed to get the Phuas out from behind bars while their case proceeds, and Paul's $48 million Gulfstream jet was held to prevent him fleeing the country and neither Paul nor Darren was initially released. Detained by US Immigration and Customs Enforcement for possible deportation, the Phuas had to wait while their lawyers got to work. "Our clients have complied with every condition set by a Federal judge for their release," Phua attorney David Chesnoff told the Review-Journal. "We have repeatedly attempted to contact ICE authorities, who have not responded. We are going to take further legal steps." Paul and Darren Phua were finally released Monday after around 48 hours. The 50-year old Phua, his son, and six other defendants were apprehended by FBI agents on July 13 on suspicion of operating an illegal sports betting ring. In the criminal complaint, investigators say that over $360 million in World Cup bets alone ran through the gambling ring. Paul, who the FBI alleges is a "high-ranking member of the 14K Triad," was arrested with more than 20 others on June 18 in Macau for a similar illegal sports betting operation also revolving around the World Cup. He was soon released on bail and, according to the criminal complaint, flew to Las Vegas, where he setup shop in three Caesars villas. Around June 22, the complaint alleges, Phua and his colleagues requested high-speed internet service and an unusually large supply of computer equipment for the villas, all assumed to have been used in the resumption of the World Cup betting business. Investigators say that the group used the Asian online betting sites IBCBET, of which Paul Phua allegedly owns part, and SBOBET. Paul and Darren Phua are under house arrest at the home of a friend in Las Vegas. Ivey has also said he is willing to put up $1 million towards the bail of two other defendants, Seng Chen "Richard" Yong and his son, Wai Kin Yong. Both sometimes play in the famous high-stakes poker games in Macau. Want the latest poker headlines and interviews? Follow PocketFives on Twitterand Like PocketFives on Facebook. You can also subscribe to our RSS feed.
  11. After lying dormant for much of the last few months, the lawsuit filed by Borgata in Atlantic City against poker pro Phil Ivey (pictured) over $9.6 million that Ivey won at baccarat has heated up in recent weeks. --- PocketFives' news coverage is brought to you by Betsafe, one of the leading suppliers of online gaming products worldwide and a major sponsor of Gumball 3000. Sign up now for great bonuses, €3,000,000 guaranteed monthly, and plenty of live events! --- The original lawsuit filed by Borgata in April had been quiet as of late, but Ivey's attorneys reopened the battle with a motion to dismiss the caseearlier this month. According to John Brennan's Meadowlands Matters blog, the motion asked to dismiss the case on the grounds that Borgata did not file its complaint in the required time frame and that Borgata's claims are inadmissible because a private company cannot make them in court. The motion also stated that the New Jersey court system isn't the place for solving such issues, noting that the New Jersey Casino Control Commission and Division of Gaming Enforcement normally handle disagreements. On Tuesday, Borgata fired back with its own motion to dismiss Ivey's motion. In it, Borgata's attorneys stated, "This case involves a premeditated, practiced, and intricate scheme by [Ivey] and Cheng Yin Sun to gain an advantage playing baccarat. Although their motion cleverly attempts to apply existing case law to the facts in this case, defendants cannot escape the fact that it is only casinos, and not casino patrons, that are regulated by New Jersey's Casino Control Act." Borgata's motion went on to state that the casino is completely within its rights to file a lawsuit against Ivey and Sun. In a previous case that involved players at the Golden Nugget in Atlantic City, a court found that a "private right of action" is allowed by the court system for a casino against a patron. "This was the only way for the Golden Nugget to recover its alleged damages." The case hinges on several visits by Ivey to Borgata in 2012, where he requested that the casino provide him with an outlet for baccarat. Playing at $50,000 per hand, Ivey put $1 million on the table, but had several requests that Borgata had to comply with in order to get his business. Ivey requested a private area where he could play, a dealer who could speak Mandarin Chinese, the ability to bring a guest (allegedly Sun), one deck of purple cards from Gemaco, and an automatic shuffler. Borgata acquiesced to these requests and over the span of four sessions from April to October 2012, Ivey was able to book $9.6 million in profits. The Borgata sessions were done at the same time that Ivey and Sun allegedly went to London for a similar game at Crockfords Casino. In several sessions in August 2012, Ivey is alleged to have won £7.3 million that Crockfords has, to this point, refused to pay out. That case is still awaiting adjudication. Both casinos are alleging that, through the use of "edge-sorting," Sun would direct the dealer to turn particular cards a certain way, stating that it was an Ivey "superstition," so he could recognize said cards when they came out of the deck. The knowledge of the cards could swing the advantage from the casino to Ivey, both casinos profess, and Ivey hasn't denied that he and Sun did this in either case: Ivey and Sun have 12 counts against them in the Borgata lawsuit, including violations of RICO laws. A New Jersey magistrate judge, Ann Marie Donato, has scheduled a conference between the two sides for August 5 in which the discovery process will begin. That process could take up to eight months to play out, meaning that any potential trial wouldn't begin until 2015. In the meantime, Donato has suggested that both sides attempt to mediate the situation and avoid a long and costly court battle. Want the latest poker headlines and interviews? Follow PocketFives on Twitterand Like PocketFives on Facebook. You can also subscribe to our RSS feed.
  12. With a half-million in chips, Phil Ivey (pictured), who has already won a bracelet this year, is the overall chip leader in the 2014 World Series of Poker Main Event after both Day 2s. In fact, he is the lone player to cross the 500,000-chip threshold. There are 1,864 players remaining. --- PocketFives' WSOP coverage is brought to you by Real Gaming, a regulated online poker site in Nevada. Play Real Gaming, real money poker on any device. Play now for Final Table Freerolls. Skip straight to the final table and win cash daily. --- Tim Stansifer, who led after Day 2AB, is nipping at Ivey's heels with 481,000 and only seven players have over 400,000 in chips. Ivey had his usual clan of Pat and Mel Humphries on the rail and told PokerNews that the duo's support continues to mean a lot: "It's nice. They've been my friends for years now. I started off playing poker with them… It's amazing that they're sitting here the whole time watching me play, so I'm really happy to have them." Ivey was off to the races early on Day 2C on Wednesday, scoring a double elimination to grow his stack by 177,000. Ivey shoved on a flop of 10-9-6 with pocket sixes and had Lazaro Hernandez (8-7) and Fabian Scherle (pocket kings) covered. A ten on the river gave Ivey a full house, cracking Hernandez's straight. That hand pushed Ivey to nearly 400,000 in chips and there was no looking back from there. Ivey made the final table of the WSOP Main Event in 2009, finishing seventh. He won a $1,500 Eight-Game Mix event this year for $166,000 and cashed in on countless bracelet bets in the process. PocketFivers reported on how they stood entering Day 3 of the Main Event, which will take place on Thursday from the Rio in Las Vegas. Among the group was Amit amak316Makhija, who Tweeted, "Nightmarish last level that dropped me to 40,400. It's okay, still in I suppose and not unhappy with any specific hand." He doubled up Chris Lee with A-K against K-K late on Day 2C and dropped 30,000 in chips. James P0KERPR033Campbell (pictured, image courtesy WJMedia) will be one of the short stacks on Day 3. He Tweeted, "Today wasn't my day. I bagged 21k heading into Day 3. Gonna need some serious luck on my side tomorrow." Ryan ryanghall Hall, who bowled with PocketFives on Sunday, told his followers, "Busted Altman AK > JJ at the end and finished with 241,700 going to 800/1,600 tomorrow. Huge!" 2005 WSOP Main Event champion Joe Hachem, who gave the ceremonial "shuffle up and deal" command on Day 1A, fell on Day 2C after getting his money in with two overcards on a 4-4-8, two club flop. Matthew Sedgeman had Hachem covered with 7-6 of clubs for flush and straight draws, but instead found running sixes to end Hachem's Main Event run. NBA star Paul Pierceis still alive entering Day 3 at 48,000. Pierce doubled up an opponent after his A-K couldn't best K-K, but he still managed to make Thursday's restart. Elsewhere in the sports world, Raj Vohra eliminated former pro football player Richard Seymour (pictured) after A-7 cracked A-J. Here are the top ten stacks in the Main Event entering Day 3. There are five PocketFivers in the group: 1. Phil Ivey - 505,000 2. Tim Stansifer - 481,500 3. Raul Sir_Donald Mestre - 477,900 4. Tom Cannuli - 407,800 5. Morgan Popham - 407,600 6. Tony Ruberto - 402,700 7. Joe daPHUNNIEman Kuether - 401,200 8. Peter number1pen Neff - 389,200 9. Isaac mr. menlo Baron - 387,200 10. Steve betrthanphil Tripp - 380,400 Stay tuned to PocketFives for the latest WSOP coverage, sponsored by Real Gaming, a regulated online poker site in Nevada. Want the latest poker headlines and interviews? Follow PocketFives on Twitterand Like PocketFives on Facebook. You can also subscribe to our RSS feed.
  13. In April, the BorgataHotel, Casino, and Spa in Atlantic City filed a lawsuitin the United States District Court for the District of New Jersey against Phil Ivey (pictured), saying he allegedly cheated during several sessions of high-stakes baccarat in 2012 resulting winnings of nearly $10 million. --- PocketFives' news coverage is brought to you by Betsafe, one of the leading suppliers of online gaming products worldwide and a major sponsor of Gumball 3000. Sign up now for great bonuses, €3,000,000 guaranteed monthly, and plenty of live events! --- Ivey and his gaming partner, Cheng Yin Sun, were sued on 12 counts, including Fraudulent Inducement, Breach of Contract, and Breach of Implied Covenant of Good Faith and Fair Dealing. Ivey has now filed a motion to dismiss the lawsuit. To recap the issue at hand, Ivey and Sun allegedly knew of a defect in the way the Gemaco-brand playing cards used by Borgata were cut, making the pattern on the back of the cards asymmetrical. In advance of a visit in April 2012, Ivey allegedly contacted Borgata to make special arrangements for the high-stakes baccarat game he wanted to play. He allegedly asked for a dealer that spoke Mandarin Chinese, an eight-deck shoe of purple Gemaco cards, permission to have his guest sit with him, a private gaming area, and an automatic card shuffler. His requests were granted and he also agreed to a maximum bet of $50,000 and an advance deposit of $1 million. During four visits spanning from April to October, Ivey and Sun allegedly asked the dealer to rotate key cards in the shoe once their values were revealed. Because of the asymmetrical patterns resulting from the miscut cards, it was possible to identify these cards before they were dealt from the shoe, giving Ivey a huge advantage. The automatic shuffler was key because it does not change the orientation of the cards, thus keeping this "edge-sorting" tactic in play. Over the course of the visits, Ivey won $9.8 million. Here's an infographic of a similar incident that occurred in London showing how edge-sorting works: Furious, Borgata sued Ivey in April of this year claiming he defrauded the casino by making his special requests under the pretext of superstition when he allegedly knew that he was going to be able to edge-sort if the requests were granted. In the motion to dismiss, Ivey's legal team made three main arguments. One is that Ivey and Sun simply did not cheat. They did nothing but use their eyes and intelligence to win; any unusual advantage they may have had was the result of concessions Borgata granted. "Plaintiff's complaint belies its own imaginative pleading," the motion read. "It was Borgata, and only Borgata, that produced, possessed, and maintained absolute control over all the implements of gambling, from the cards to the shoe to the automatic shuffler at all times while Ivey remained on its property." "The use of nothing more than his eyesight and his reliance upon information that was equally available to every single casino customer in no way equates with the [action and wrongful intent] required to accomplish any of the multiple criminal statutes upon which plaintiff relies," the motion added. Another argument Ivey's attorneys made is that even if what Ivey did were illegal, the six-month statute of limitations has expired. "As is obvious from the complaint, Borgata never reported any of the alleged 'illegalities' to the exclusive agency empowered to make that determination, the New Jersey Division of Gaming Enforcement," they stated in the motion. Along those lines, the third argument made in the motion is that it is the New Jersey Division of Gaming Enforcement that is allowed to go after Ivey, not the casino. The poker community has not had much reaction to the latest chapter in the Ivey/Borgata saga, but there was much discussion about it when Borgata originally filed its lawsuit. For example, poker pro Daniel Negreanu sided with Ivey at the time, Tweeting, "Big fish sets all the rules, okays all the rules, they need to eat it when they get beat and not be whiny biatches about it," adding, "It's appalling to freeroll customers. Take their money if they lose, but don't pay when they win? Are you for real Borgata? That's dirty." Negreanu is pictured. Stay tuned to PocketFives for the latest on this developing story. Want the latest poker headlines and interviews? Follow PocketFives on Twitterand Like PocketFives on Facebook. You can also subscribe to our RSS feed.
  14. The woman who allegedly used the controversial technique known as edge-sorting to help Phil Ivey (pictured) win millions of dollars playing baccarat has filed a lawsuit against Foxwoods Resort Casino claiming she and two companions are owed over $3 million for gambling sessions that took place there in 2011. --- PocketFives' news coverage is brought to you by Betsafe, one of the leading suppliers of online gaming products worldwide and a major sponsor of Gumball 3000. Sign up now for great bonuses, €3,000,000 guaranteed monthly, and plenty of live events! --- Cheng Yin Sun, Long Mei Fang, and Zong Yang Li are seeking the return of their $1.6 million initial deposit, $1.1 million in mini-baccarat winnings, $100,000 each for civil rights violations, and $50,000, which was spent contesting a Gaming Commission ruling against them. Foxwoods claims that the plaintiffs cheated by using the practice of edge-sorting to gain an unfair advantage over the casino. The technique involves spotting and exploiting minute flaws in playing cards produced by specific companies. "Basically, edge-sorting is possible because some brands of playing cards are not cut symmetrically across their backs and some players are gifted with eyesight keen enough to tell the difference," the suit says. The plaintiffs claim that the casino could have easily thwarted the scheme by refusing to turn the cards the way in which they had requested. The suit also claim that the three were openly using the technique and that management was well aware of Sun's reputation as an advantage player. "If Foxwoods… knew [the]plaintiffs were edge-sorting and let them practice their form of advantage play anyway - intending to keep their losses if they lost but not honor their winnings if they won - this would be intentional fraud," the suit continued. In effect, they were being freerolled by the casino, they claim. In 2012, the Mashantucket Gaming Commission ruled that the three had indeed broken gaming laws and would be arrested if they tried to reenter the casino. Sun's lawsuit against Foxwoods makes three involving edge-sorting for the woman. In 2012, she accompanied Ivey during multiple sessions of high-stakes baccarat at Borgatain which the pro won a total of $9.6 million. In April of this year, the casino filed a suit against the pair alleging that their strange playing requests were made solely to facilitate cheating. "Ivey's true motive, intention, and purpose in negotiating these playing arrangements was to create a situation in which he could surreptitiously manipulate what he knew to be a defect in the playing cards in order to gain an unfair advantage over Borgata," read the complaint. "At all relevant times, Borgata was not aware of the defect in the playing cards or Ivey's true motive for negotiating special arrangements." Here's an infographic about edge-sorting if you're not familiar: In July, Ivey's lawyers hit back, filing a motion to dismiss the lawsuit and claiming that "each and every penny of defendants' winnings was the result of sheer skill." Borgata caught wind that Ivey and Sun might be using the prohibited strategy when a report appeared claiming that the pair had done just that at Crockfordsof London in August 2012. In that instance, the two had negotiated similar terms for multiple sessions of high-stakes Punto Banco, where Ivey once again cleaned up, stacking £7.8 million in winnings. But officials at the swanky casino grew suspicious and decided to refund the 38-year-old's initial deposit while refusing to pay out the rest of the cash. Ivey later filed suit against the casino, saying, "Over the years, I have won and lost substantial sums at Crockfords and I have always honored my commitments. At the time, I was given a receipt for my winnings, but Crockfords subsequently withheld payment. I, therefore, feel I have no alternative but to take legal action." The Crockfords case is still pending, but court dates for Borgata's suit against the pair have recently been set. If both parties can’t agree on an out-of-court settlement, the case could be heard by a jury in July of next year. Want the latest poker headlines and interviews? Follow PocketFives on Twitterand Like PocketFives on Facebook. You can also subscribe to our RSS feed.
  15. On Friday, Phil Ivey (pictured) became the fourth player to reach ten World Series of Poker bracelets after taking down a $1,500 Eight-Game event. As a result, those who bet against Ivey and Daniel Negreanu capturing a WSOP bracelet this year were sorely disappointed, not to mention a little poorer. --- PocketFives' WSOP coverage is brought to you by Real Gaming, a regulated online poker site in Nevada. Play Real Gaming, real money poker on any device. Play now for Final Table Freerolls. Skip straight to the final table and win cash daily. --- The reserved Ivey told WSOP officials following his win, "It's number ten. That's a good number. Me and Daniel [Negreanu] made these bets. That's what I'm talking about. I said either me or him were going to win [a gold bracelet] and we took even money. Me and him were both very deep in this tournament. This was a great opportunity. The tournaments are dying down. There's not too many left. I knew I had to get this one or else it was going to be pretty tough from here." Ivey entered the final day of the Eight-Game event, when 14 players remained, in third place. Making life even more uncomfortable for bettors was the presence of Negreanu, who started Friday in ninth place in the same tournament and ended up finishing in ninth as well. Ivey, Johnny Chan, and Doyle Brunson, all of whom have ten bracelets, are three away from tying Phil Hellmuth for the all-time record of 13. On reaching that mark, Ivey said, "Do I think I can catch Phil Hellmuth? Sure, I think I can catch him. It's possible. We just have to see how it goes. I just have to keep playing at this pace. I got to keep playing a lot of them because [Hellmuth] plays a lot of them, so it's a lot of work." Ivey and Bruce Yamron were in a dead heat in chips entering heads-up play, but Ivey quickly took a 3:1 lead and extended it to better than 6:1 before Yamron doubled in a hand of Stud. The tournament ended shortly after heads-up play began during Omaha Eight or Better with Ivey making aces and kings against Yamron's aces and sevens. Ivey's last bracelet came in 2013 in a $2,200 Mixed Event at WSOP Asia-Pacific. He has $6.5 million in career WSOP earnings and was the youngest person to reach nine gold bracelets. We should also mention that PocketFivers Aaron ndgrinder59Steury and Stephen stevie444 Chidwick (pictured) made the final table of this event, finishing in fourth and fifth, respectively. Steury, who won a HORSE bracelet in 2011, cashed for the seventh time at this year's WSOP. Chidwick, who is from the UK, is up to $1.2 million in WSOP cashes for his career. Here's how the final table cashed out: 1. Phil Ivey - $167,332 2. Bruce Yamron - $103,375 3. Dan Heimiller - $66,246 4. Aaron ndgrinder59Steury - $44,286 5. Stephen stevie444Chidwick - $30,488 6. Yuebin Guo - $21,692 7. Christoph Haller - $15,720 Check out all of our WSOP coverage, brought to you by Real Gaming, a regulated online poker site in Nevada. Want the latest poker headlines and interviews? Follow PocketFives on Twitterand Like PocketFives on Facebook. You can also subscribe to our RSS feed.
  16. Before the World Series of Poker started, Daniel Negreanu and Phil Ivey (pictured) offered a 1:1 bet up to $1 million. The concept was simple: if Ivey or Negreanu won a bracelet in Las Vegas this year, they win. If neither won a bracelet, you win. The odds: a seemingly generous 1:1. Many laughed at the concept of Ivey or Negreanu navigating three- and four-digit player fields en route to victory, while others pointed to the fact that they're two of the top poker minds in the world. --- PocketFives' WSOP coverage is brought to you by Real Gaming, a regulated online poker site in Nevada. Play Real Gaming, real money poker on any device. Play now for Final Table Freerolls. Skip straight to the final table and win cash daily. --- What has ensued, however, is sweat after sweat for those who took the pair up. Negreanu has cashed seven times already at this year's WSOP, including four top-ten finishes and a runner-up performance in a $10,000 No Limit 2-7 Draw Lowball tournament for $156,000. Meanwhile, Ivey has been relatively quiet, cashing twice for $11,000 total, but he's still considered the best player in the world by many. The pair owns a combined 15 WSOP bracelets. If you bet against Ivey and Negreanu, prepare for your ultimate worst-case scenario, which will play out on Friday from the Rio in Las Vegas. What happened? Ivey and Negreanu both made the final 14 of a $1,500 Eight-Game Mix, meaning there's a one in seven chance the bet pays off today if you consider every player has an equal chance to win. Ivey has the third largest stack at 220,000, while Negreanu (pictured posing with fans this week) is in ninth with 132,500. Negreanu Tweeted on Thursday night, "End Day 2 of $1,500 8 Game, 14 players left, I'm one of them and so is Phil Ivey. I have 132,500, avg is 155K. Ivey has more." Second place belongs to PocketFiver Aaron ndgrinder59 Steury, who has $809,000 in live tournament cashes, according to the Hendon Mob, including a bracelet in a HORSE event in 2011. Steury has been a member of PocketFives since 2006 and has $572,000 in online winnings. He is nearly tied for the Eight-Game tournament's chip lead. The field trails two-time bracelet winner Dan Heimiller, who won this year's Seniors Event for $627,000 and captured WSOP Circuit rings the last two years: 1. Dan Heimiller - 227,000 2. Aaron ndgrinder59Steury - 226,000 3. Phil Ivey - 220,500 4. Yuebin Guo - 211,500 5. Christoph Haller - 210,500 6. Bruce Yamron - 206,500 7. Devin looneyde Looney - 205,000 8. Stephen stevie444 Chidwick - 174,000 9. Daniel Negreanu - 132,500 10. Amnon Filippi - 117,500 11. Yehuda Buchalter - 94,500 12. Alex Rocha - 70,000 13. Abdel Hamid - 69,000 14. Christian crisper Pereira - 19,000 Stay tuned to PocketFives for the latest WSOP news, brought to you by Real Gaming, a regulated online poker site in Nevada. Want the latest poker headlines and interviews? Follow PocketFives on Twitterand Like PocketFives on Facebook. You can also subscribe to our RSS feed.
  17. Phil Ivey (pictured), who plays as "Polarizing" on Full Tilt Poker, is up $712,000 since Tuesday, according to HighStakesDB. After taking a brief hit on Thursday morning courtesy of Alex "IReadYrSoul" Millar at the $400/$800 No Limit Hold'em tables on what was once the second largest site in the world, "Ivey was back at the tables a few hours later at the $1,500/$3,000 Eight-Game tables, where he played for a little over an hour against samrostanand Isildur1, winning $49,300 in the process." In the afternoon, according to HighStakesDB, Ivey was back at it, dropping $8,000 in 14 minutes in a terse session against Kyle "KPR16" Ray. However, Ivey went up $119,000 after the two battled for another 100 minutes. HighStakesDB reported that on Tuesday, Ivey made $441,000, saying, "The majority of Ivey's winnings came from a morning and an evening session at the $1,500/$3,000 Eight-Game tables. His two-hour late morning win was the biggest, as he made $253,500 from 188 hands playing against FinddaGrind, PostflopAction, Isildur1, and samrostanat table Vegan. Ivey's other big session was an early evening $152,000 heads-up win… against Isildur1." According to data posted on HighStakesDB, Ivey is down $2 million since March and $4.8 million since the site began tracking his Polarizing account in late 2012. He is down about $1.4 million lifetime both in Draw Games and Eight-Game and has lost a little less than $1 million in Pot Limit Omaha. There is no game that HighStakesDB tracks that Ivey has profited in since the site began following his Polarizing account. Ivey (pictured) has played four pots that have topped out at over $100,000, three of which took place on the final day of January 2013 at a $300/$600 Heads-Up No Limit Hold'em table against Millar. Ivey won all three. On the live felts, Ivey is a nine-time World Series of Poker bracelet winner, tied for the fourth most all-time, and has WSOP earnings in excess of $5.9 million, the 21st most in history. He is in the midst of combating a lawsuit from Borgata in Atlantic City after the casino accused him of edge-sorting in Baccarat. Want the latest poker headlines and interviews? Follow PocketFives on Twitterand Like PocketFives on Facebook. You can also subscribe to our RSS feed.
  18. All three starting days of the 2014 World Series of Poker Main Event are in the books. A rowdy Day 1C took place on Monday from the Rio in Las Vegas and, although the day wasn't a complete sellout, a record-setting 3,968 players entered, the largest Day 1 starting flight in Main Event history. The previous record was held by Day 1C of the 2013 Main Event, which drew 3,467 players. There were 6,683 total entrants in the Main Event this year, up from 6,352 last year. --- PocketFives' WSOP coverage is brought to you by Real Gaming, a regulated online poker site in Nevada. Play Real Gaming, real money poker on any device. Play now for Final Table Freerolls. Skip straight to the final table and win cash daily. --- This year's Main Event winner will get $10 million, double the second place prize, which means we'll see a heads-up battle for $5 million in real money. Here's how the 2014 WSOP November Nine will cash out: 1st Place: $10,000,000 2nd Place: $5,145,968 3rd Place: $3,806,402 4th Place: $2,848,833 5th Place: $2,143,174 6th Place: $1,622,080 7th Place: $1,235,862 8th Place: $947,077 9th Place: $730,725 The 2014 Main Event is the fifth largest all-time in terms of the number of players: 2006 Main Event – 8,773 entrants 2010 Main Event – 7,319 entrants 2011 Main Event – 6,865 entrants 2008 Main Event – 6,844 entrants 2014 Main Event – 6,683 entrants Phil Ivey (pictured) was one of the hot topics of conversation on Day 1C, ending Monday with the second largest stack at 187,000. According to WSOP.com, "Ivey's day started out rocky, where he had lost about a third of his chips in the first level. Things quickly turned around for Ivey in Level 2 and only got better after the dinner break." He eliminated an opponent late in the day after flopping the nut straight and dodging a Broadway draw. Ivey already won a bracelet this year in a $1,500 Eight Game event. Eric Tracy holds the overall chip lead at 206,000. He is one of only two players to pass 200,000 in chips, with Martin Jacobson being the other. One of the other memorable stories from Monday was that of Pauly "Walnuts" Bianchi, who had to win three hands of blackjack in a row in order to stamp his Main Event ticket. The Chicago area native and his friends had scrounged up just $1,200 to play the $10,000 buy-in tournament, but managed to drive to Rivers Casino in Des Plaines, Illinois and, in three hands, turn $1,200 into $9,500. Bianchi drove to the airport, hopped on a plane to Vegas, and played on Day 1C, although his name did not appear in the post-day chip reports, so his gambling adventures may have been for naught. The survivors from Days 1A and 1B will convene on Tuesday at the Rio, while the survivors from Day 1C will play again on Wednesday. Among those Tweeting about their Day 1C experience was former Main Event winner Joe jcada99Cada, who wrote, "Made it though Day 1 of the Main with 66,925. Wish I got to stay at the same table." Former WSOP Europe Main Event winner John Juanda added, "Ended Day 1 WSOP ME with 40,050. Lucky to still be in after KK < AA and set under set! Wednesday will be new and better day!" Stay tuned to PocketFives for the latest WSOP news, brought to you by Real Gaming, a regulated online poker site in Nevada. Want the latest poker headlines and interviews? Follow PocketFives on Twitterand Like PocketFives on Facebook. You can also subscribe to our RSS feed.
  19. Here's something you don't see every day. On Thursday, Las Vegas officials approved 26 applicants for pot dispensaries, and among them was poker pro Phil Ivey (pictured). Yes, that Phil Ivey was among several notable names, according to the Las Vegas Review-Journal: "Notables approved for a city pot permit include restaurateur Michael Morton, downtown entrepreneur Michael Cornthwaite, developer James Hammer, former state Senator Mark James, political consultant David Thomas, and professional poker player Phil Ivey." --- PocketFives' news coverage is brought to you by William Hill Poker, one of the largest skins on the iPoker Network. The poker room offers a generous welcome package including a 200% deposit bonus up to $2,000 and a superb VIP program. PocketFivers will love playing in the site's €1 million guaranteed iPOPS series, which runs through November 9. Visit William Hill today! --- Insert "high-stakes" and "family pot" jokes here. There were 50 licensees to operate medical marijuana businesses, with about half receiving approval. Ivey could still go through one more round of cuts, however, according to the newspaper: "Applicants who receive both city and state credentials will be routed back to the City Council for a final, as-yet-unscheduled suitability hearing." Posters on TwoPlusTwo were buzzing at the news that Ivey could become a mainstay of the Las Vegas medical marijuana industry, with one user attempting to compare pot to poker: "It is interesting how online poker and medical marijuana have similar risk factors. They both have tremendous upside, yet are at risk of the Federal Government shutting them down at any time." Another user critiqued, "He simply found a need in a market. He will hire a person to run it all who knows how to grow weed and sell it. Ivey will not mess with any of it, except maybe some financial direction. He is a business owner with probably no clue how to run a weed growing/selling business." According to the Review-Journal, about half of the people approved for licenses will actually get one. Among those denied a license during this round in favor of applicants like Ivey was Nuleaf, "a Las Vegas-based company owned by longtime California dispensary operators with Berkeley Patients Group." It has been a drama-filled 2014 for Ivey, a ten-time World Series of Poker bracelet winner. A judge recently ruled against Iveyin a multi-million dollar edge-sorting lawsuit in London. Additionally, his free-to-play site, Ivey Poker, suspended operations this week. Want the latest poker headlines and interviews? Follow PocketFives on Twitterand Like PocketFives on Facebook. You can also subscribe to our RSS feed.
  20. With millions of dollars of baccarat winnings on the line, 10-time WSOP bracelet winner Phil Ivey (pictured) granted a rare interview to "60 Minutes Sports" this week, during which he defended his reputation while giving viewers a unique glimpse into his past. Ivey is currently embroiled in a legal battle with Borgata in Atlantic City and Crockfords Casino in London, where he and companion Cheng Yin Sun won just over $20 million using a technique known as edge-sorting in 2012. The 38-year-old is suing Crockfords, who withheld his $12.1 million in winnings, and is himself being sued by Borgata, who cashed out his $9.6 million score, but is now fighting to get it back. Before turning to the subject of his current legal troubles, the "60 Minutes" segment touched on the poker champ's long history in the gambling industry. Growing up as part of a large, close-knit family in Roselle, New Jersey, Ivey was introduced to poker at the age of eight after accidentally stumbling into one of his grandfather's back room card games. He soon became hooked on poker and, later, while only a teenager, would take a bus to Atlantic City on the weekends and play 16 to 17 hours a day using a fake ID. "I realized I was good at poker when I was around 16, but I figured I could be really good when I turned 21," he said. What Ivey has since achieved in the world of poker is clear; what's less known are his high-stakes gambling exploits away from the poker table. That's where Borgata and Crockfords allege they were cheated and claim that the 38-year-old used illegal methods to gain an advantage and win millions playing baccarat. Ivey made no attempt to hide the fact that he and his partner used edge-sorting during their sessions at the two casinos. "They spend millions of dollars on game protection," he said. "The casino is my opponent and it's my job to exploit weaknesses in the houseand give myself the best opportunity to win." Game security expert Jim Hartley was surprised that management allowed the poker pro to play baccarat at all. "I wouldn't let Phil Ivey play slots at a place I was working at," he said. "I know Phil is a 'sharp.' He's very, very smart and he's the kind of guy you just don't want in your joint, period." As part of the scheme, Ivey requested a specific card shuffler, which he said would keep the cards in a certain order, and a Chinese dealer who spoke Mandarin who could communicate with Sun. His companion was more than an onlooker; Sun is a well-known card shark and has been banned in many casinos throughout the world. "She was part of my strategy in giving me the ability to execute this advantage play of mine," Ivey admitted. He also revealed that using the edge-sorting technique would have given him around a 5% or 6% advantage. The casinos claim that Ivey was not forthright in his reasons for making the strange requests and "broke the unspoken contract between player and casino" by claiming that they were made out of superstition. Ivey disagreed and asked, "If I make a request and the house grants it, then how can that be cheating?" "My reputation is everything in gambling," he told 60 Minutes. "To risk my reputation over winning some money, I wouldn't do that." In breaking news on Wednesday, Ivey has lost his case against Crockfords. Want the latest poker headlines and interviews? Follow PocketFives on Twitterand Like PocketFives on Facebook. You can also subscribe to our RSS feed.
  21. It was a good weekend to be high-stakes poker pro Sebastian Ruthenberg (pictured), who according to HighStakesDBwas up $570,000 total on Saturday and Sunday. He plays under the handle taktloss47on Full Tilt and raked in $209,000 on Saturday. The German followed that up with a $361,000 haul on Sunday. The action on Sunday happened at Full Tilt's Triple Draw tables, where Ruthenberg won $20,000 from Viktor Isildur1Blom at stakes of $500/$1,000. Then, it was on to a three-handed game that involved Phil Ivey and SanIker, the latter of whom Ruthenberg eventually took for $82,000. By the time he logged out of Full Tilt for the day, Ruthenberg was up $361,000, extending his bankroll by $570,000 for the weekend. Ruthenberg has opted out of long-term tracking on HighStakesDB, but we do know that the site began following him in 2008. Over the last seven days, he has profited $569,000 from the high-stakes tables. His largest pot played was worth $86,000 and came in March 2014 at a $1,000/$2,000 Draw table on Full Tilt. According to the Hendon Mob, Ruthenberg is #13 on the German all-time money list at $3.4 million in live tournament winnings, the bulk of which came after a victory at EPT Barcelona in 2008 for a whopping $1.9 million. He finished third in the EPT Dortmund Main Event the year before for $288,000, won a bracelet in Seven Card Stud High-Low at the WSOP in 2008, and finished 55th in the 2011 WSOP Main Event. However, he has not recorded a live tournament score since the end of 2011. Ruthenberg is a former sponsored pro of PokerStars. Want the latest poker headlines and interviews? Follow PocketFives on Twitterand Like PocketFives on Facebook. You can also subscribe to our RSS feed.
  22. A later-revealed-as-fake listing on MergerNetworksaid that Phil Ivey's (pictured) training site, Ivey League, was seeking at least $20 million in "seed capital" to elevate the site to the next level. The phony listing said Ivey League will "build out Ivey's personal brand to reach a larger audience as well as support his efforts in poker and training, with an emphasis on international growth… Expand platform to include fantasy sports and sweepstakes to cross-pollinate user base, increasing traffic and revenue." After our original article on the topic was published, Ivey League reps told Pokerfuse, "“We are expanding the business into multiple categories but we're not selling the business and [Phil] Ivey has self-funded the mid-seven-figures [put] into the company over the years." Guess that ends that drama. In October, Ivey's free-to-play Facebook app, Ivey Poker, suspended operations, reportedly until sometime this year. A fake business plan on MergerNetwork, which has since been taken down at the request of Ivey League, mentioned yet-to-be-launched sports book and fantasy sports products and, overall, said the "brand will elicit that feeling of either betting with or against Ivey, providing a valuable marketing tool." Year 1 projections, with numbers apparently pulled out of thin air, for several facets of the business were listed on MergerNetwork: Ivey Sports Book: $12 million gross revenue $1.2 million gross margin The documentation said these figures were based on approximately $1.5 billion in betting action resulting in gross cash flow of 10%. It added that Bet365 pulled in $350 million in revenue in a single fiscal year. Fantasy Sports: $8.5 million gross revenue $850,000 gross margin The documentation noted that two vendors are in place. Ivey Live Training: $2 million gross revenue $1 million gross margin UK Bingo: $3.7 million gross revenue $373,000 gross margin Online Casino: $2.8 million gross revenue $280,000 gross margin All told, according to the fake listing, Ivey's brand believed it could pull in $25 million to $50 million per year in sales and record profits between $10 million and $25 million. The asking price for an investor was "over $20 million" for what appears to be an undetermined percentage of the business. Why someone would put up the listing using very specific numbers and estimates remains to be seen. Want the latest poker headlines and interviews? Follow PocketFives on Twitterand Like PocketFives on Facebook. You can also subscribe to our RSS feed.
  23. The last seven days have been pretty lucrative for SanIker, according to HighStakesDB. He reeled in almost $400,000 at the $2,000/$4,000 Triple Draw tables on Full Tilt on Monday to push his seven-day winnings to $1 million. --- PocketFives' news coverage is brought to you by William Hill Poker, one of the largest skins on the iPoker Network. The poker room offers a generous welcome package including a 200% deposit bonus up to $2,000 and a superb VIP program. Visit William Hill today! --- According to HighStakesDB, SanIker first made waves on Monday at Triple Draw against a gauntlet of talent that included Phil "Polarizing" Ivey, Cort "thecortster" Kibler-Melby, Kagome Kagome, and Trueteller. He ended up just over $50,000 when all was said and done despite the stiff competition. Then, as the tracking site explained, "The next session SanIker took part in was even longer. He played for 12 hours and 20 minutes at table Cable from just past 2:00pm to 2:27am this morning, making a handsome $346.7k profit." All told, SanIker banked about $400,000 on Tuesday alone to continue his hot streak. SanIker calls Germany home and HighStakesDB began tracking him on the last day of April three years ago. Since then, he is up almost a half-million dollars. Here are his results in each game HighStakesDB has tracked for him: Draw Games: +$1.23 million Eight-Game: +$11,000 No Limit Hold'em: -$757,000 According to HighStakesDB, "He started his poker career playing on Euro sites, where he has done extremely well, before transitioning to the high-stakes games. He is currently studying Economics at university and playing poker part-time along with that." His biggest pot played came in October 2013 at a $400/$800 No Limit Hold'em table and was worth $264,000. On PocketFives, Germany is #13 on PocketFives' Country Poker Rankingswith a combined PLB score of its top 20 ranked members of 79,539 points. Its biggest tracked tournament score was $341,000, which came in a $2,620 event on Full Tilt in August 2008 by PocketFiver triathlon4. There are almost 2,000 PocketFivers who call Germany home and, combined, they've amassed $162 million in career tournament winnings. Want the latest poker headlines and interviews? Follow PocketFives on Twitterand Like PocketFives on Facebook. You can also subscribe to our RSS feed.
  24. In the last 24 hours, Phil Ivey (pictured), who plays on Full Tiltunder the user name Polarizing, is up $700,000, according to HighStakesDB. Most of his damage was done at the 2-7 and Eight-Game tables in heads-up sessions against fellow high-stakes pro Alexander "PostflopAction" Kostritrsyn. --- PocketFives' news coverage is brought to you by William Hill Poker, one of the largest skins on the iPoker Network. The poker room offers a generous welcome package including a 200% deposit bonus up to $2,000 and a superb VIP program. Visit William Hill today! -- According to HighStakesDB, "His first win of the day came from an hour-long heads-up match played late in the afternoon server time at the $1.5K/$3K Mixed Game tables with PostflopAction. Polarizing lead from the start, ending the session up $74.8K." After that, it was on to $2K/$4K 2-7 Triple Draw, where Ivey scooped another $44,300, according to the same tracking site. Then, Kostritrsyn and Ivey squared off at a $1K/$2K Mixed Game table, where HighStakesDB detailed that everything was coming up Ivey: "In a little under an hour, the 10-time WSOP bracelet winner had added another $188.4K to his bankroll. He also took down the day's biggest pot during the session," which was worth $80,000. Ivey ended up a little over $300,000 before coming back for more on Wednesday night, ending up $700,000 in the span of 24 hours. It wasn't like Ivey was going against creampuffs at the table, either. HighStakesDB said of his final session of the night, "Polarizing's next session netted him another $157K, as he took on November's biggest winner so far, Cort thecortster Kibler-Melby, again at the $2K/$4K 2-7 Triple Draw tables. The match lasted just under an hour-and-a-half and, for the first hour, the match was even. However, the last 20 minutes saw Ivey rush to a $156.9K win." The joys of high-stakes poker. HighStakesDB began following Ivey under his Polarizing screen name in the final month of 2012. Since then, he has bled $5 million total and enjoyed a profit just once over that span. He is down $1.7 million in Draw Games and $1.6 million at Eight-Game. The only variant HighStakesDB tracks that the 10-time bracelet winner has turned a profit in is Limit Omaha High-Low, where he's up $17,000. Want the latest poker headlines and interviews? Follow PocketFives on Twitterand Like PocketFives on Facebook. You can also subscribe to our RSS feed.
  25. Ten-time WSOP bracelet winner Phil Ivey (pictured) has announced that his free-to-play Facebook app, Ivey Poker, will be temporarily suspended. --- PocketFives' news coverage is brought to you by William Hill Poker, one of the largest skins on the iPoker Network. The poker room offers a generous welcome package including a 200% deposit bonus up to $2,000 and a superb VIP program. PocketFivers will love playing in the site's €1 million guaranteed iPOPS series, which runs through November 9. Visit William Hill today! --- "Since we launched our game here at Ivey Poker, we've learned quite a few things… first and foremost that a dedicated and loyal community is essential," Ivey said in a statement. "So, to our loyal players, we felt we needed to communicate to you about some of the changes you'll be seeing over the coming months. We plan on suspending the current game this Saturday, Oct. 25. Though that may sound ominous, it's actually just the first step in our evolution as we prepare to launch an even bigger and better gaming experience for you all in 2015." The 38-year-old launched Ivey Poker in 2013 and followed that up by opening a video training site, Ivey league, this year. While the social media app has been shut down for the time being, it appears to be business as usual at Ivy League, with new users being able to sign up and new videos being posted. Ivey had been building hype for Ivey Poker by sporting branded t-shirts and hats at major events and signing top name pros to produce videos for Ivy League. Patrik Antonius, Cole South, and Dan KingDan Smith are featured, along with 27 others, as contributors to the site. Since launching, the company has posted regular announcements of accomplishments by sponsored pros on its Facebook page, but published its last update at the end of June. While the Ivey Poker announcement claims that the site will return next year, many in the poker community seem to believe that the site is closing up shop for good. Pro Christian charder Harder took a shot at the company on Twitter saying, "Ivey Poker couldn't even stay open? Why? It's not like they were paying their pros." Some were surprised that an Ivey-backed poker site didn't gain more popularity, while others reacted mostly with disinterest. "Put me in the 'never knew why they existed' category," said one poster on TwoPlusTwo. But even with rumors swirling that the site would be closing for good, Ivey took to Twitter to seemingly reassure players that the site would, in fact, be returning. "Working on multiple product extensions and new categories for Ivey Poker expansion in 2015," he said. Want the latest poker headlines and interviews? Follow PocketFives on Twitterand Like PocketFives on Facebook. You can also subscribe to our RSS feed.
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