Wendeen H. Eolis
By Wendeen H. Eolis
Minutes ago, the New Jersey Division of Gaming Enforcement reported at its website its final order arising from its investigation of the Borgata counterfeit chip debacle in January of this year. Last Friday PPN provided an overview of the outcome of the order which was in place. then and has been disclosed to the public, today. To summarize: counterfeit chips were introduced into the Borgata Winter Open tournament's first event. The DGE canceled the event upon determining it had been compromised and has scrutinized the entire matter coming up with the terse order that can be seen here: The terse order can be seen here:
The Borgata has issued a statement that fleshes out the order, providing details concerning disbursement of monies. It clarifies that players who did not cash, but may have been affected by the introduction of counterfeit chips will be refunded their relevant buy-ins; players who did not cash and were never exposed to the introduction of the counterfeit chips will not receive any refunds, whatsoever. Players who were awarded prize monies but didn't pick up their pay will also get their monies. The full Borgata statement can be seen here:
Borgata Senior VP, Joe Lupo, is quoted as explaining that the Company is distributing all of the unpaid prize pool money and also voluntarily disbursing to players the revenues earned from buy-in fees. While the DGE order includes the latter, a reading of the order confirms that the revenues earned by Borgata that were included in the disbrsements came about from consultation with Borgata and not from an independent order on the part of the DGE.
Predictions:This means some 2100+ of the 2800+ players (for the 4800+ buy-ins) in the tournament will probably be pretty happy, presumably as will those who cashed down through 28th place who have been or will be paid per the advertised allocation of prize monies. They all earned their awards prior to a determination of a compromised tournament. Additionally, those in the second and third tier of the top 27, will probably find the payout livable as the disbursement is equal or greater than the original allocation for those spots. As to the top nine, sparks are sure to fly, but as to whether it will be sound and fury signifying nothing or a colossal headache for DGE and Borgata remains to be seen.
It should be noted DGE's delay in getting out its report after it allowed many people to learn that it had been completed resulted in massive leakage, and significant misinformation that circulated for days. This state of affairs did not help to soothe ruffled feathers of those who are unhappy.
Last Friday all eyes were on the DGE after the regulators sent up white smoke signals that resulted in alerting executives at multiple casinos of an imminent decision. By late afternoon the smoke turned gray—without explanation. No announcement materialized until today. DGE’s further delay was almost inevitable, given its history in this matter; over the past weeks there have been several false alarms of an imminent announcement sounded by DGE to many parties with close ties to the regulators.
No matter how well reasoned by DGE the last bit of delay left Borgata personnel with their hands full--not only with new procedures but also with an onlslaught of queries by frustrated tournament players--the entire weekend.
Was the DGE miffed by news of their deliberations leaking out to the public (against their preference) slightly before they were to take the stage?
Mastering poker means learning new things. Sometimes. But, you can also increase your profit or even jump from losing to winning simply by stopping. Stopping what? Well, stopping lots of stuff you may be doing that’s costing money at poker. Today’s words is “Stop.” And that’s all you need to do.
I’m going to give you a list of poker things you should stop doing, if they apply to you. My explanations will be brief. Ready? Good.
1. Stop complaining.
When you complain about poker misfortune, opponents aren’t sympathetic. They’re inspired. They think, “Hey, there’s someone unluckier than I am — someone I can beat.” And then they grow hopeful and play better against you.
So, keep your misery to yourself. Act lucky, even if you aren’t right now. Your good luck is what opponents fear most.
Wendeen H. Eolis
By: Wendeen H. Eolis
After nearly 3 months of silence, the New Jersey Division of Gaming Enforcement (DGE) is poised to announce its decisions regarding distribution of the remaining prize pool that has been left in limbo following the cancelation of Event #1 in the Borgata Winter Poker Open last January.
Shortly before day 3 was to commence, the DGE suspended the event, ultimately canceling it altogether due to the introduction of counterfeit chips into the tournament.
The remaining unpaid prize pool was put into a trust pending the outcome of the DGE investigation of the matter. According to lawyers surrounding the DGE and others familiar with the DGE's recent deliberations, the investigation has concluded. All that seems left is public disclosure of its report and related rulings.
All eyes are on the DGE as the first weekend of the Borgata Spring Open gets under way. Changes in tournament procedures are obvious, with far more personnel engaged in the coordination and supervision of the proceedings then ever before. And, bagging and tagging of chips at the end of play each day is taking considerably longer. It is apparently Borgata's obligation to verify each players chip count. Previously, Borgata allowed independent chip counts annotated by players.
The DGE's findings result in other specific procedural changes, as well, reportedly being implemented as part of a studious effort to enhance the security of poker tournaments in all of the casinos they regulate in New Jersey, according to casino executives in multiple AC poker rooms. The Borgata has also invested in high tech superior quality chips for tournaments ; would be cheaters beware!
by Haley Hintze
The WSOP’s career wins leader, Phil Hellmuth, has resumed his practice of giving his victor’s bracelets to family and friends. Hellmuth recently gave the jewelry honoring his record 13th win to wealthy Silicon Valley venture capitalist Chamath Palihapitiya. Palihapitiya is also a part owner of the NBA’s Golden State Warriors, whose games Hellmuth frequently attends. Most of Hellmuth’s other bracelets have gone to family members, except for his very first and his 12th, which was once publicly promised to UltimateBet co-founder Greg Pierson but went undelivered in the wake of revelations connected to the cheating on that now-defunct online site.
by George “The Engineer” Epstein
In Part One, we described a number of the responses to my column entitled, “How Do You Rule?” that appeared in the Feb. 10 issue of PPN. Today we will continue to present more responses, including one from the Poker Players Alliance (PPA) vice president, and two from Australia. After studying the responses, I have drawn conclusions that I will share with you in Part Three.
Reminder: We described a hand where James bet on the river; then, after Bill called, James shouted, “Full-House.” Bill promptly mucked his hand. But, when James showed his hand, all he had was A-K high. An argument erupted. Bill claimed he had the better hand. James insisted that, having gone into the discards, Bill’s hand was dead. The floorman settled the controversy by retrieving what presumably was Bill’s hand from the edge of the muck and declaring Bill the winner with a better hand. More Response Highlights
• Rich Muny, vice president of the Poker Players Alliance (PPA), likes Robert’s Rules of Poker, which he interprets: “The mucked hand should always be retrieved from the muck where clearly identifiable if the muck was caused by misinformation – intentional or unintentional. If unintentional, the best hand wins. If the miscall is found to be intentional angle shooting, the player who miscalled forfeits the pot.”
by Haley Hintze
January’s cancellation of the opening event of the Borgata Winter Open due the introduction of a large number of counterfeit chips has led to the casino’s introduction of new high-denomination chips incorporating UV stamping, detectable by security-camera filters. The expensive new chips debuted at the casino’s Spring Poker Open and are being made by Maine chipmaker Game On Chip Company, with the Borgata receiving conditional approval from New Jersey gaming regulators for their use. Final determinations in the cancelled January tournament have yet to be issued by the state’s regulators, while alleged counterfeiter Christian Lusardi remains in custody on related charges. More than $1.4 million in prize money had yet to be awarded when play was halted with 27 players remaining.
Local Kevin Elia from Baltimore took home more than $55k and the first-ever main event poker title to come out of the state of Maryland. Kevin battled a field of 131 players in the Maryland Live! Poker Classic $3,500 main event. Kevin played a solid 3 days of poker outlasting some great local talent along the lines of Christian Harder, Anthony Gregg, James St. Hilaire, Richard Smith, and World Series Main Event Champion Greg Merson. It was a roller-coaster ride for Kevin who found himself the chip leader at the final table when discussing an 8-way chop. When all the numbers were written down Kevin agreed to take home $50k for being the chip leader and then all 8 players agreed to play a $1k sit and go for the trophy and then title of Maryland Live! Poker Classic Main Event Champ. After all eight had taken their seats in the sit and go it fired off, dropping one by one until only Kevin was left standing. All 10 players who made the final table were locals from the Maryland and Virginia area. This was a great success for Maryland Live! Casino and poker in the state of Maryland. Be on the lookout for a repeat victory from Kevin when Mayland Live hosts another tournament series in July 2014.
by Haley Hintze
The Poker Players Alliance has announced a grass-roots campaign designed to put poker players directly in touch with federal legislators to protest anti-online-gambling bills under consideration in Congress. Called “Fight Back,” the new effort targets twin measures introduced by US Sen. Lindsey Graham (R-SC) and US Rep. Jason Chaffetz (R-UT), that are backed and drafted by the Sheldon Adelson-CEO’d Las Vegas Sands Corp. While the twin bills have signed up about 20 co-sponsors, several legal and political groups have protested the bills, often as a violation of states’ rights regarding gambling. Among the groups opposing the Graham and Chaffetz measures are Democratic Governors Association, the National Conference of State Legislatures (NCSL), the Fraternal Order of Police (FOP) and the North American Association of State and Provincial Lotteries (NASPL). More at: http://theppa.org/fight-the-ba
The $1100 Main Event with a Guarantee of $150,000 had 204 players. We saw a variety of New England tournament players such as Tarun Gulati, Thomas Hogland, Raj Patel, Mark Epstein, Stacey Sullivan and many tournament players participate in the Spring Showdown’s main event.
On day 2, a total of 48 players remained and at closing we saw Linsford “Teddy” Geddes taking home the 1st place prize of $47,787.
Rebecca Carabino, Mohegan Sun’s Tournament Director, is working on the Summer Showdown series which will begin in late July 2014.
by Haley Hintze
The Department of Justice-appointed administrator for the Full Tilt Poker remissions process, Garden City Group, released a second wave of refunds in early April. Almost $6 million in online-poker balances was sent to about 2,800 players whose banking information could not be verified in time for inclusion in the larger first wave of payments earlier this year. All told, GCG has issued about $81 million in FTP payment to date, with two large categories still under review – online affiliates and former players who enjoyed some form of sponsorship relationship with the site. The funds for the ongoing refunds came from the 2012 PokerStars settlement with the DOJ, which acquired Full Tilt’s remaining assets in exchange for the remission funding.