Archive for September, 2011

WSOP Circuit Event at the Horseshoe Casino Hammond, IN: Structure Sheets, Satellite Tournaments, How to buy in for less!

Click here for all 2011 WSOP Structure Sheets

Check out all the Structure Sheets for this Years 2011 WSOP Circuit Event at the Horseshoe in Hammond, IN.

What poker events are you going to play in?
Would you like to satellite into this years $1600 Main Event WSOP Circuit Tournament with a $1.5 Million Dollar Guarantee?  I would… check out all the events coming up to the WSOPC in Hammond, IN at www.ChicagoPokerLive.com.  Every poker player can live out their dream of winning a huge poker tournament, television fame, and fortune, plus be the envy of all your poker friends, and quite possibly buy a Ferrari (albeit a used one, or blow all the money on a car, because you can sleep in your car, you can’t drive your house).

Here is how you can satellite into the WSOPC at the Horseshoe with Chicago Charitable Games:

$20 Early Bird Tournament:

  • Every early bird tournament has over 100 players in it, and that is a great way to satellite into any $350 WSOPC event
  • 3,000 in starting chips, 12 min blinds, always pay out top 10% +1 place
  • Great way to get your poker feet wet, and not invest very much money

$40 Super Stack Tournament:

  • Every Friday 5pm the Super Stack has 50+ players in attendance
  • With 50 tables easy way to enter a $350 event, with 60+ players you can satellite into a $560 Tournament
  • 6,000 in starting chips, 12 min blinds, always pay out top 10% +1 or 2 spots
  • Best structure for the money, you will not find a better tournament with more chips, and a great prize pool and blind structure
  • make sure you check out to see if the Super Stack is a Bonus Super Stack (blinds are 14 minutes rather than 12 minutes)

$100 Deepstack and Bonus Deepstack Tournament:

  • Every CCG event there is a deepstack tournament, the most chips, the longest blind rounds, and the best chance at getting into the $1600 ME at this years WSOPC at the Horseshoe
  • Regular Deepstack = 10,000 in starting chips, 20 min blinds
  • Bonus Deepstack = $13,000 in starting chips, 22 min blinds
  • Always pay out top 10% + 1 (typically chopped up at the final table to pay top 15-20%, but up to the players unanimous decision)
  • On a bad night 3 tables in every deepstack, on a good night/venue up to 7 tables in the deepstack

Single Table WSOPC Satellite Tournaments:

  • $80 WSOPC 10 Man Tournament
    • 4,000 in starting chips with optional $5 bonus add on
    • 15 min blinds
    • top 2 spots pay out $350 WSOPC Seats each
  • $220 WSOPC 10 Man Deepstack Tournament
    • 8,000 in starting chips no bonus
    • 20 min blinds
    • top 2 spots pay out $1600 ME Seat for 1st, and $350 WSOPC Seat+$50 cash for 2nd.

Remember to ask any volunteer at the event, or someone behind the bank if you are looking to play in a WSOP Circuit Event Satellite Tournament.  All the multi’s can be used as WSOP Circuit Event satellite but are not paid out in specific tournaments unless specifically noted in the details of said tournament.  If you have any questions about how to play in a MTT or a Single Table Tournament, or a WSOPC Satellite tournament please email WSOP@ChicagoCharitableGames.com or try the Poker HotLine at  8888-715-4837

SUPPORT CHICAGO CHARITABLE GAMES DURING THE WSOPC AT THE HORSESHOE:

We have tons of CCG Patches that can be sewn on, ironed on, super glued (my personal favorite), or pinned on!  If you wear a CCG Patch at the WSOPC you will be supporting the local charity poker events that you love so much, as well as increasing the prize pools that you play for week in and week out.

PLUS as a bonus if you win a WSOPC event with your CCG Patch on, CCG will give you $500 in Mulit-Table Tournament Credits (paid for by Chicago Charitable Games).  We know if you win $250,000 the $500 won’t mean much, but its the thought that counts! Plus you can come and show off to all your old poker buddies on how great you are now that you are a WSOPC Ring Holder.  Also if you final table, and are seen with your CCG Patch on we will give you one FREE Deepstack seat (worth up to $100) as a Thank you for rocking the CCG Patch.  There may also be a Patch Freeroll coming up soon, and only people with the CCG Patch can enter, but you didn’t hear that from me.

If you want a CCG Patch please do one of the following:
Email Ken@ChicagoCharitableGames.com your address and I will mail you one right to your door, or you can pick one up at the Next CCG Event, ask the bank for one, they should be in the bottom drawer (if they are not email ken your address and I will send you one out right away).  Sorry no hats this year :(

Don’t forget to check out Poker Crossroads app on your iPhone or iPod:
With updates on every poker room (including CCG) in the Midwest with cash game and muli-table tournament information, plus insider secrets like the best place to park, which massage therapist are best, when to be sure to call ahead, and tons of other insider tricks from poker players just like you.  The WSOP Circuit Event is up on the Poker Crossroads application as well with up to date info on every Poker Event at the WSOPC, avg 1st place prizes, avg players, running time, structures, start times, blinds information as well as starting stack info, plus that insider knowledge that is well worth the $1.99 this poker application costs.  Any questions please email PokerCrossroads@gmail.com or check them out online at www.PokerCrossroads.com or on facebook.  They are also giving away one $350 seat to one lucky app user!

Full Tilt Hearing Scheduled for September 19

By Dan Katz – Sep 6th, 2011- PokerNewsDaily.com

The Alderney Gambling Control Commission (AGCC) announced yesterday that the public hearing regarding Full Tilt Poker’s remote gambling license will be held on Monday, September 19th at 9:00am at the Riverbank Park Plaza Hotel in London.

The original hearing was held on Tuesday, July 26th with the purpose of allowing both the AGCC and Full Tilt to present any evidence in support or in opposition to Full Tilt’s suspended license.  In the end, not much actually happened and the public hearing was adjourned until what was supposed to be September 15th at the latest.

At the July hearing, Full Tilt Poker’s attorney, Martin Heslop, requested that the pre-application hearing for adjournment be held in private, known as “in camera.” Full Tilt is in a difficult situation, as it owes as much as $150 million to customers, but for a variety of reasons, including seizure of funds by the United States Department of Justice, theft of funds by a payment processor, and the lack of any revenue coming in because of its suspended license, is unable to pay.  As such, it is looking for investors to purchase the company and inject enough money in order to get customer deposits back in the appropriate hands.  Because of the fear of evidence being made public that could potentially harm negotiations with investors, Heslop felt that holding the pre-application hearing for adjournment was appropriate.  Essentially, there was no downside to it, whereas holding it in public had no real upside.

The in camera hearing was granted by lead Commissioner Isabel Picornel and the following day, the AGCC released a statement which read:

“As a result of the arguments on behalf of FTP during the pre-hearing application the Commissioners decided to adjourn the hearing as they felt it was in the best interests of FTP’s customers. A key consideration in their decision was to allow FTP licensees ‘to further pursue advanced commercial negotiations which could lead to a more beneficial outcome for player interests.’

The Commissioners adjourned the substantive hearing to commence as soon as possible and in any event not later than 15th September. Further details regarding the exact date and venue of the substantive hearing will be announced as soon as practical.”

What the AGCC had decided was that everyone concerned was better off if Full Tilt had more time to find an investor.  Nothing that was going to be said at the July hearing that couldn’t be said at a later one, but in the meantime, money could possibly be found to pay back Full Tilt’s customers.

In the interim, Full Tilt has not found a buyer.  Less than two weeks ago, the company issued a statement, reading, in part:

“On August 16, Irish based Pocket Kings Ltd., brand executor for the Full Tilt Poker moniker, concluded the exclusivity period of negotiations with their current potential investor.

While Pocket Kings Ltd. plans to continue discussions with its current investor, the company has now begun negotiations with additional potential investors to conclude the sale/partnership of the Full Tilt Poker brand and its assets.”

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PokerJunkie Editorial: Full Tilt Poker Blows More Smoke

Full Tilt Poker released a statement on Tuesday regarding its problems paying back players after the April 15th DOJ seizure.

Poker Junkie Blogger compncards gives his insights on the statement below.

From the statement:

“As is obvious from the events that have transpired since April 15th, Full Tilt Poker was not prepared for the far-reaching, US government enforcement effort of Black Friday.”

First and foremost, this failure lies on Full Tilt’s management. When you knowingly and blatantly violate U.S. law, at some point you have to setup a backup plan and a worst-case scenario plan.

It is clear to me that neither was created, or if they were, they were executed much in the same way as their business relations since April 15th.

“The events of Black Friday came on the heels of prior government enforcement activities and significant theft.

“Over the two years preceding Black Friday, the US government seized approximately $115M of player funds located in U.S. banks.

“While we believed that offering peer-to-peer online poker did not violate any federal laws – a belief supported by many solid and well-reasoned legal opinions – the DOJ took a different view.”

Hooked on Phonics is a great program for those incapable of comprehending the written word. If I point a gun at you and say I will point the trigger if you don’t move, you will move.

When the U.S. Government states that processing online gambling transactions is illegal and you will be prosecuted if you violate the law, you need to not process those transactions.

Fire your lawyers.

“In addition, as was widely reported, a key payment processor stole approximately $42M from Full Tilt Poker.

“Until April 15th, Full Tilt Poker had always covered these losses so that no player was ever affected. Finally, during late 2010 and early 2011, Full Tilt Poker experienced unprecedented issues with some of its third-party processors that greatly contributed to its financial problems.

“While the company was on its way to addressing the problems caused by these processors, Full Tilt Poker never anticipated that the DOJ would proceed as it did by seizing our global domain name and shutting down the site worldwide.”

Firstly, the DOJ did not shut down the site worldwide. That happened after the AGCC suspended your license.

In regards to payment processors screwing you out of money, what did you expect? You were processing payments illegally.

Did you really think your operators were going to be honest, hardworking people?

“Over the last four months, Full Tilt Poker has been actively exploring opportunities with outside investors in order to stabilize the company and pay back our players.

“At least six of those groups, including hedge funds, operators of other internet businesses and individual investors, have visited Dublin to inspect the operation. We have recently engaged an additional financial advisor through an investment banking group to assist us in our search for an infusion of cash as well as a new management team to restore the site and repay players.

“While any deal of this nature is necessarily complex given the current regulatory environment, our players should know that Full Tilt Poker is fully committed to paying them back in full and restoring confidence in our operations.”

Six groups? And yet none have bitten? Shouldn’t that be a bit of a sign?

What is stopping these groups from pulling the trigger? Also, what evidence do we really have of these groups other than the so-called “European investors.”

What your players know is that you are a company that has consistently dodged answering any and all questions for months now.

Your handling of the whole situation has been an exercise in how to perform a clusterfuck.

Your players no longer have any confidence in your company due to the fact that they have not been paid.

Even when, or rather I should say if, you are able to pay us back, good luck in getting anywhere near where you were before this happened.

This concludes Full Tilt’s current “blowing smoke up your ass” session.

as seen on http://www.pokerjunkie.com/pokerjunkie-editorial-full-tilt-poker-blows-more-smoke?pjc=widget:rss
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