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Wendeen H. Eolis

Download and Read the Poker Player Digital Edition for June 2nd, 2014 (Vol. 17 Number 25)

June 2nd, 2014 Issue of Poker Player NewspaperDownload the June 2nd Digital edition PDF of Poker Player Newspaper.

Feature Story 
Poker Player Takes a Step Forward by Wendeen H. Eolis

Featured Strategy:
Mike Caro - Today's Word is BURDENS by Mike Caro

Tournament Results:
Bryan Campanello Wins $175K at Harrah’s New Orleans Main Event

Eric Blair wins Lodge Casino WSOP-C Main Event

Kyle Bowker wins Harrah’s Philadelphia Main Event

AND MUCH MORE, Download the new Issue PDF now!

Your rating: None Average: 3.7 (3 votes)

Poker Player Newspaper Takes Forward Step

by Wendeen H. EolisWendeen H. Eolis

Last week, Stanley Sludikoff, publisher of Poker Player Newspaper, addressed card room personnel in an open letter saying, “For the past 30 years PPN has faithfully served card rooms across the country with a print edition available every two weeks." He continued, "Costs to provide this service have escalated past a point of feasibility in our current business model."  He announced, "Accordingly, effective immediately, we will be publishing Poker Player Newspaper exclusively on the Internet at pokerplayernewspaper.com."

It was a painful step but also a potential winner for the MENSA man and member of the Seniors Poker Hall of Fame. Make no mistake, about it—at 78 Sludikoff is still going strong, fearlessly and immensely confident about Poker Player Newspaper’s future.

A businessman and one time blackjack enthusiast, Sludikoff published diverse gambling books for decades. Among them are a collection of stories by Doyle Brunson “According to Doyle,” the ultimate “Book of Tells” by Mike Caro, and the pre-eminent work of gaming law professor I. Nelson Rose, “Gambling and the Law.” Sludikoff  also brought blackjack expert Ken Uston’s tale of "Million Dollar Blackjack" to the public. A library of sixty five books have been published as part of his Gambling Times business.

Your rating: None Average: 4 (4 votes)

Borgata WPO Tournament Decision Ignites Much Debate

Wendeen H. Eolisby Wendeen H. Eolis

During the past week, since  the New Jersey Division of Gaming Enforcement issued its final order concerning the first event at the Borgata Winter Poker Open (“WPO”) last January, players have been arguing fiercely about the fairness  or unfairness of the rulings. Chatter has turned into full on posturing. Tournament participants are  communicating with friends, Borgata representatives, the DGE, poker tournament directors around the country, media and---lawyers.  Movers and shakers far across the poker planet are also popping up with takes on the decision.

A Quick Review of the Borgata Counterfeit Chip Caper:
The opening event of the WPO was suspended and ultimately terminated by the DGE before the third day was to commence, after determining that counterfeit chips had been introduced into the tournament. The DGE order provides for the disbursement of the undistributed remaining prize pool (which was frozen during the DGE investigation), together with the revenues earned by Borgata in buy-in fees. The DGE determined that Borgata was a victim of criminal conduct, not negligent and not liable for any other payments, in this matter.

DGE Order and Borgata Statement
One fuzzy issue in the order relates to the distribution of revenues earned by Borgata ($288,000+).  They are referenced in a “whereas clause” as monies provided to players “in consultation” with the Borgata.  The Borgata statement references the inclusion of the buy-in fees in player distributions as a voluntary contribution on the part of the Company.

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Decision on Borgata Counterfeit Chip Investigation is Here! DGE Ends Waiting Game

Wendeen H. Eolis

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:

http://www.nj.gov/oag/ge/2014news/BorgataWinterPokerOpenFinalOrder.pdf

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:

http://blog.theborgata.com/

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?  

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Breaking News: Borgata Chip Investigation Complete - Stunning DGE Report on the Way

Wendeen H. Eolis

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!  

Your rating: None Average: 4.2 (5 votes)

PokerStars Does Legwork in NY Legislative Bill

Wendeen H. Eolis

Wendeen H. Eolis

By: Wendeen H. Eolis

New York State has come to the party later than most, but this year it has its eye on gambling like never before. The necessary referendum to legalize commercial brick and mortar casino gaming passed more than a year ago; a Commission to oversee the issuance of a limited number of casino licenses is in place. And now we have a “poker only” bill floating through the New York State Senate.

NY Senate Bill S6913—Poker Only!

Your rating: None Average: 5 (4 votes)

Player Lawsuit Against Borgata No Class Action—Yet

Wendeen H. Eolis

Wendeen H. Eolis

by Wendeen H. Eolis

It has been one full month since the New Jersey Division of Gaming Enforcement (DGE) ordered the Borgata Casino to cancel the opening event of its annual Winter Poker Open, but New Jersey regulators have yet to reach a conclusion to their investigation of bogus chips that were introduced into the competition. The extended delay has led to escalating agitation among players according to Bruce Licausi attorney for Jeffrey Musterel, plaintiff in a lawsuit filed last Friday against the Borgata.

Musterel is a recreational poker player from Egg Harbor Township, near Atlantic City. He is among the 4000+ players who participated in the tournament, but failed to cash in the tainted competition. The primary thrust of the legal papers is that the Borgata failed in its obligations to adequately protect the playing field, adequately.

Who's on First?

Your rating: None Average: 4.3 (7 votes)

Borgata: Aftermath of Counterfeit Chip Caper - New Twists in Suspect Christian Lusardi Story

Wendeen H. Eolis

Wendeen H. Eolis

By: Wendeen H. Eolis

The leading suspect in a scheme to rig a poker tournament, at the Borgata last month, has gotten into more hot water with the law, this week.  Christian Lusardi of Fayetteville, North Carolina was arrested January 24th in connection with the introduction of counterfeit chips in the opening event at the Borgata Winter Open. Unable to make the $300,000 cash payment for bail, Lusardi has been sitting in a jail cell since.

This week, prosecutors have upped the ante for Lusardi with new charges against him--wholly unrelated to the allegations of meddling with the publicly exhibited Borgata contest.  While Lusardi was holed up in Atlantic City, federal agents apparently acted on a search warrant. They d found  more than 37,500 illegal DVD disks in his home.  Lusardi is now charged with a DVD bootlegging operation, as part of his rap sheet. 

The picture is still not clear, however, as to whether the current status of the investigation into Lusardi’s activities will soon prompt the New Jersey Division of Gaming Enforcement (DGE) to come forward with a final resolution concerning the tainted poker tournament.

Investigation of Borgata Chip Caper is Ongoing According to DGE

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Men "The Master" Nguyen Speaks Out and Laughs Confidently at Borgata Winter Open

Wendeen H. Eolis

Wendeen H. Eolis

By: Wendeen H. Eolis

Since January 18th, the 27 remaining players in the Borgata Winter Open's first event have been waiting for their money while the authorities investigate the particulars of 160 counterfeit chips (5K tournament chips), introduced into the tournament. While the fake chips amounted to a bit less than 1% of the total chips in play, the intrusion into the integrity of the competition put the Borgata, the New Jersey Division of Gaming Enforcement, and law enforcement personnel in overdrive--in a determined search for the culprit(s) and a a collaborative effort to bring the matter to a full resolution.

Your rating: None Average: 4.3 (11 votes)

NJ State Police Nab Suspect in Borgata Counterfeit Chips Caper

by : Wendeen H. Eolis
 
Bulletin: Borgata's Determination to Help Catch a Thief  Pays Off
 
This afternoon official word was out. Christian Lusardi, of Fayetteville, North Carolina, was nabbed in an Atlantic City motel room, as a suspect in  a  more bizarre- by- the-minute case of counterfeit 5K chips that compromised Event 1 at the Borgata Winter Open. And, more 5K chips created havoc at nearby Harrahs where the plumbing system was fouled up with a mass of Borgata labeled tournament chips that were thrown down a toilet only to clog the hotel's sewage system. 
 
 

Your rating: None Average: 4.8 (8 votes)

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