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by Wendeen H. Eolis
Tapie-Full Tilt Update Bulletin at High Noon:
GROUP BERNARD TAPIE EXPOSES PLAYER NAMES
Tapie counsel, Behn Dayanim has revealed to PPN the names of several high profile players who owe Full Tilt Poker millions of dollars. All but one of the players, is publicly associated with Full Tilt. The names of these players is being withheld by PPN pending efforts to obtain further information and/or statements from the players named by Dayanim in his further advisory at noon.
Two of the well-known players who owe significant monies are in negotiations with GBT in apparent good faith efforts to to resolve their debt, according to Dayanim. He has not made these names available for publication, at this time.
By Wendeen H. Eolis
BULLETIN: TAPIE LAWYER EXPOSES FTP PRO DEBT
This morning, Group Bernard Tapie lawyer, Behnam Dayanim acknowledged to Poker Player Newspaper that multiple hurdles will need to be overcome for the deal to acquire Full Tilt to go through. He notes one key issue is outstanding debt by players to FTP. Poker Player Newspaper has separately learned that the debt is in the range of 15 million dollars and that most of those players have made no effort to arrange for repayment. GBT has counted on these monies as real and viable assets, and does not envision having to litigate to obtain them . Information is now coming in to indicate other specific hurdles that could imperil the deal, as well.
Full Tilt Update Bulletin at High Noon:
GROUP BERNARD TAPIE EXPOSES PLAYER NAMES
by Wendeen H. Eolis
No formal confirmations of additional investors yet, but the noise is ever louder today; Group Bernard Tapie has lined up at least one moneyman "ready to punt." According to several generally informed sources familiar with weeks of efforts to raise more funds, GBT has locked up a commitment with at least one and maybe two substantial participants to nail the acquisition of the Full Tilt brand. Additional funding might not be crucial, but for Tapie's reluctance to put in more capital of his own than suits his taste.
A lawyer close to one purported investor says, "The deal should get done." He estimates the time table for a re-launch of the FTP site as before the end of the first quarter." Another lawyer, with strong ties in the current Full Tilt brouhaha says; "The die is cast; Full Tilt is effectively out of control; the deal is now unstoppable unless Tapie fails to deliver the necessary checks to the Court."
In this segment it is my intention to take up the issue of the alleged illegal activities of poker celebrities Chris Ferguson, Howard Lederer, et. al. I say “alleged” because no indictments have been handed down, and everyone should be granted the supposition of innocence until proven guilty.
The Parade of Unsung Departures - Updated
Special Note: This article updates the author's breaking news and follow up story about PokerStars CEO Gabi Campos ' departure plans, taking into account relevant communications--not marked confidential--between Poker Stars and the reporter.
In a personal email to this reporter one day after publication of the breaking news, PokerStars founder Isai Scheinberg confirmed "Gabi's (Campos) departure. Hours after Poker Player Newspaper broke the story, Poker Stars gave an exclusive statement to Poker News, attributed to "top officials" of the Company :
“Poker Stars announced today that Gabi Campos has decided to step down from his position as Chief Executive Officer, effective February 1, 2012, to pursue other opportunities. The company thanks Gabi for his hard work and commitment and wishes him the best in all his future endeavors. A search for Gabi’s replacement is under way.”
by Stanley R. Sludikoff, Publisher
[Read Part 1 Read Part 2]
There is no doubt that the United States of America has unclean hands in this mess. First Congress failed to protect its citizens when they knew that millions were playing poker on the internet. Instead a small minority of senators and representatives, who were seeking to legislate morality as they saw it, looked for a simple way to stop people from gambling on the internet.
by Mike Caro - The Mad Genius of Poker
We hear it in sports frequently—an announcer telling us which team has the momentum. Momentum can apply in poker, too. But does the concept really make sense? Let’s use today’s self-interview to investigate.
Question 1: Is momentum as important in poker as it is in sports? Wait! Stop assuming things with your questions. Sometimes momentum isn’t even important in sports.
Often it’s an illusion. A sequence of coin flips can seem to show momentum. But there is no momentum whatsoever. There’s only the observation that, recently, either heads or tails landed at a pace considerably greater than the expected 50 percent. You can call that momentum, so go ahead. But actually it isn’t. That’s simply because the previous series of outcomes has no bearing whatsoever on whether the next coin flip will be heads or tails. Assuming a perfectly balanced coin and a fair toss, it’s exactly 50 percent likely that the next toss will bring tails. Same for heads.
John Colville, Director of Poker for the Golden Nugget, reports the signing of a contract with Poker Player Newspaper to sponsor a new annual tournament— the 2012 Poker Player of the Year. The event will be held on July 4th, Independence Day, at the Golden Nugget Casino in Las Vegas, as part of their Grand Poker Series. The total Buy-in and Entry fee is to be $600, with no re-buys. Seating is limited to 700 players, so early sign-ups to guarantee your seat are recommended. The event is scheduled just before the main event of the WSOP begins, so a large number of poker tournament players will be in town.
by Haley Hintze
NORWEGIAN TAX AUTHORITIES SEEK ABSOLUTE POKER MONEY
Norwegian tax authorities filed a lien with American authorities for accounts frozen on Black Friday, hoping to recover $30 million. Since Absolute’s operating profits were channeled through Madeira Fjord AS, a Norwegian holding company, the revenue is taxable in what has been called by Norwegian business outlets “the largest tax fraud in Norway’s history.”
GUILTY PLEA FOR “BLACK FRIDAY” DEFENDANT RUBIN
The final table of Beau Rivage’s Million Dollar Heater tournament came to an exciting end with former November Niner John Dolan walking away with the trophy, the bracelet and $336,105. The final table started at 2 p.m. and did not end until nearly 11 p.m. as most players had deep stacks with the new structures introduced for this event. Dolan came into the final table as the chip leader, and he had to fade a stacked final table that included WPT Champion Randal Flowers, WSOP bracelet winner Ryan Welch and Lock Poker Pro Matt Stout.
Dolan eliminated four of his opponents in a row on his way to the win. He had a little luck too. Against third-place finisher Kirill Kruglov, Dolan called his shove with K-J only to see the Russian table Q-Q. But Dolan hits a king on the flop, ending Kruglov’s Moscow nights.
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