Archive for the ‘Vegas News Flash’ Category

Poker Crossroads iPhone Application for Poker Players looking for poker rooms and poker tournament information.

Check out Poker Crossroads on your iPhone in the iTunes store.  With this iPhone application you can find every poker room and poker tournament in the Midwest (mostly Chicago, and NW Indiana).  Poker Crossroads has great information about each poker room in the Midwest with what cash games are running, what tournaments are going on (with start times, starting stacks, average players, average first place, blind structure, and a Poker Crossroads rating for each tournament).

This is a great application for the Chicago Area poker player with up to date and detailed information for every local area casino (including information on your favorite local charity poker) including the contact information directly to the poker rooms, and contact information for every Las Vegas Casino with a poker and the promise of more information to come.

At $1.99 this is a great buy to just have the telephone numbers available at the click of a button and all in one place. Throw in the fact that every poker tournament is up in the Midwest, it is an even better buy for Chicago Area poker players.  When they add more locations like Vegas, then you got a deal my friend at $1.99!

WSOP History – FROM MOSS TO GOLD

By: Nolan Dalla
HOW IT ALL STARTED

It’s hard to believe that when the World Series of Poker began back in 1970, there were fewer than 50 poker tables in the entire city of Las Vegas. There were only 70 poker tables in the whole state of Nevada. Binion’s Horseshoe, the host casino, did not even have a poker room. The contest that would come to decide poker’s first world champion was held inside an alcove about the size of an ordinary hotel room. Thirty or so gamblers shoehorned themselves around a few poker tables. They didn’t know it at the time, but they were making poker history.

Horseshoe Casino patriarch and poker icon Benny Binion is widely credited with dreaming up with the championship format. But laurels should probably go to two lesser-known men – Tom Moore and Vic Vickrey. Moore, a Texan, was part-owner of the Holiday Casino in Reno. Vickrey was a gambling insider, a visionary man with grand ideas and big dreams. In 1969, Moore and Vickrey jointly invited several poker aficionados to Reno to attend the first (and what turned out to be only) Texas Gamblers Reunion. Among those who played in several high-stakes cash games spread over several days were Jimmy “The Greek” Snyder, Rudy “Minnesota Fats” Wanderone, and Benny Binion. A few notable poker players made trek as well, including Doyle Brunson, “Amarillo Slim” Preston, Johnny Moss, and Puggy Pearson. The seed that would eventually blossom into the World Series of Poker was planted.

Indeed, one must wonder if and how poker might be different today had Moore and Vickrey sustained their annual get-together. Instead, they passed on the opportunity to host a poker gathering the following year. What a fateful decision that turned out to be. Inspired by what he had seen in Reno a few months earlier, Binion pounced on what he envisioned as a golden opportunity.

THE EARLY YEARS

That first World Series of Poker, with little more than a handful of players, attracted no public attention and little press coverage. No one outside of Las Vegas knew about the World Series of Poker – or cared about the outcome. The inaugural world champion, Johnny Moss, did not even win a poker tournament. He was elected “best all-around player” in a vote by his peers after several days of high-stakes card playing.

Binion realized that improvements had to be made if the World Series of Poker was ever to gain the prestige the title suggested. The following year, the WSOP was played as a freeze-out. Seven poker players posted a $5,000 entry fee. Johnny Moss won the winner-take-all prize and, therefore, retained his title as world champion.

Poker has a long and storied history. But “Amarillo Slim” Preston’s upset victory in 1972 has to go down as one of the most significant moments in the history of the game. Although he was one of only twelve entries that year, he parlayed his personal triumph into a tidal wave of publicity that flooded the nation. Afterward, the talkative Texan became poker’s greatest living ambassador. He went on a publicity tour that brought attention and status to the WSOP for the first time. Over the next decade, Preston appeared as a guest on The Tonight Show eleven times. He was cast in movies. He wrote a best-selling book. With Preston as the willing matador waving a red cape to the media, the WSOP had caught the public’s fancy.

In 1973, CBS Sports televised the World Series for the first time. The images of poker’s fourth annual world championship are comical by modern standards. Wide polka-dotted lapels, lamb-chop sideburns, and burning cigars make the final table look more like a time capsule, in retrospect, than an exhibition of poker savvy. Nonetheless, Puggy Pearson won a well-deserved victory. The WSOP was also expanded to include four preliminary events – Seven-card Stud, Razz, Deuce-to-seven Draw, and a lower buy-in No Limit Hold’em event. Pearson won two of those events as well. Indeed, 1973 was a very good year for Mr. Pearson.

After Johnny Moss won his third championship the following year, Doyle Brunson solidified his position as one of poker’s top players by winning back-toback titles. The next major change in format was instituted in 1978 when the Main Event’s prize money was divided up for the first time. The top five finishers all received a cash payout. It was also the first year a woman entered the WSOP. Barbara Freer became the first player to break the sex barrier, taking her place in what had been an all-male poker fraternity.

Hal Fowler’s stunning upset victory in the 1979 WSOP marked the first time an amateur player prevailed over the elite. Many longtime poker professionals were as shocked as they were embarrassed by the outcome. But Fowler’s win was a herald of things to come in future years. Following Fowler’s example, increasing numbers of aspiring amateurs – including many players from overseas – began making the annual pilgrimage to Las Vegas every April and May. Sadly, Fowler was never able to enjoy the fruits of his contribution to the WSOP legacy. He never played in the WSOP again and was mostly forgotten afterward.

GROWING PAINS

Stu “The Kid” Ungar burst onto the poker scene with the full force of a firestorm. He was the perfect lightning rod to electrify what had largely been an eccentric enclave of leathery Texans who were used to winning championships and most of the money. Ungar won in 1980 and repeated as champion again in 1981. Being from New York and so different from his peers in so many ways, Ungar’s achievement was sure to generate even more publicity for gambling’s grandest event. NBC Sports dispatched a film crew to cover the ’81 WSOP, which introduced poker into millions of homes for the first time.

By 1982, the WSOP had expanded to eleven preliminary events. A Ladies World Championship was added to the poker menu, in addition to the $10,000 buy-in Main Event. In all, the thirteen events played that year awarded over $2.6 million in prize money to the top finishers.

During the early 1980s, Jack Binion had assumed most of the daily duties of running the casino from his father Benny. His protégé, tournament director Eric Drache, gave poker its next infusion when the concept of the satellite was born in 1983. Attentive to the fact that to expand further, the World Series would need ordinary, everyday poker players to fill the seats, satellites allowed aspiring champions an opportunity to come and compete against the best players in the world. The idea was pure genius – and it worked.

Over the next few years, the WSOP continued to grow in both size and stature. By 1987, the minuscule Horseshoe Casino was barely big enough to play host to what had become a global gambling extravaganza. Fields for some tournaments were so big that a segment of the participants had to be tabled at adjacent casinos, including the Golden Nugget and Four Queens. When the Binion family purchased and eventually took over The Mint Casino next door, the Horseshoe finally opened a full-time poker room. Just when it seemed that Binion’s Horseshoe was the capital of the poker universe and Benny Binion was its king, the man who was largely responsible for starting it all died, on Christmas Day in 1989.

THE 1990S

Benny Binion’s passing solidified son Jack’s role as the undisputed torch-bearer of the WSOP. He brought in two respected poker veterans to run things, Jim Albrecht and Jack McClelland. Over the next decade, they presided over the World Series – each leaving his mark on the tournament in a distinct way, which included improvements to the structure, atmosphere, and public perception of the WSOP.

The Albrecht-McClelland duo were the ideal taskmasters to oversee a tournament that had become four weeks long and included twenty tournaments. The makeup of the WSOP continued to diversify as more women and international players joined the competition. Marking 1990 as the first year a non-American won the championship, Mansour Matloubi, an Iranian-born expatriot who resided in England, took the most prestigious prize in poker overseas for the first time.

The following year, the WSOP awarded its first million dollar cash prize. The Main Event also attracted over two hundred players for the first time. Within five years, three hundred players would enter the world championship.

Growing pains were a major concern once again in 1997. The Horseshoe’s poker room was expanded and included a temporary tournament area that blocked off valet parking and the main casino entrance for nearly six weeks. There wasn’t any other place to put the World Series. Poker players were, quite literally, taking up every bit of available bit space at the Horseshoe. That same year, the championship final table was played on a mammoth stage constructed on Fremont Street, beneath the new multi-million dollar electronic canopy overhead. Stu Ungar joined Johnny Moss as the only player to win three world championships. Sadly, he died without playing in another WSOP. With his passing, at least one record is likely to remain unbroken.

THE SONIC BOOM

Oddly enough, poker’s next “sonic boom” coincided with the deteriorization and decline of the once-renowned Horseshoe. A split in the Binion family resulted in Jack’s exclusion from WSOP operations. Many top names boycotted the casino and the tournament between 1999 and 2002. Despite its noted history, some controversy was long overdue at the World Series of Poker; and a number of high-profile disputes, with both dealers and players, made headlines.

By 2003, critics were beginning to suggest that the WSOP’s best days were long gone. A new rival, the World Poker Tour, began to jostle for the affections of poker players, and the viewing public. During initial weeks of the 2003 World Series, fields were noticeably smaller; due in large measure to direct competition from the WPT.

Then, Chris Moneymaker won the World Series of Poker and changed everything. That win shattered the old way of looking at the game and ushered in most of the changes that are in effect today. Moneymaker’s staggering victory certainly ranks as one of the most important, if not the most critical event, in the 38-year history of the World Series of Poker. Everything was right for the perfect storm. A likeable young man with whom millions of potential poker players could easily identify, enjoyed a dream come true. And, it was all seen by millions of viewers worldwide on ESPN.

Poker entered a new age following Moneymaker’s victory. Overnight, many professional poker players became celebrities – and celebrities suddenly wanted to become poker players. Poker had captured the public’s imagination, and the World Series became the looking glass of a new wonderland.

The exploding amounts of prize money weren’t too bad either. Moneymaker won $2.5 million for his victory. The following year, another amateur player, Greg Raymer, won $5 million. The year after that, $7.5 million was the top prize. Indeed, the World Series seemed to have it all – excitement, millions of dollars in prize money, prestige, and international fame. What it didn’t have was the right venue to accompany the growth.

HARRAH’S MEANS BUSINESS

With unprecedented growth came many changes. Binion’s Horseshoe was sold off in 2004, and Harrah’s Entertainment acquired the rights to the World Series of Poker. Fittingly, the world’s largest gaming company was now in charge of poker’s biggest spectacle. The takeover could not have come at a better time. In 2005, the WSOP moved to the cavernous RIO All-Suites Casino and Hotel. More gaming space meant that more tournaments could be added to the schedule. “Build it and they will come” became the corporate mantra. And they did. Thousands of players flooded into Las Vegas in subsequent years, wildly exceeding even the most optimistic projections for turnout and prize money.

By 2006, the World Series of Poker was comprised of 45 tournaments, all awarding gold bracelets to the winners. Well over $100 million in prize money was won, making the WSOP the richest event in all of sports. Jamie Gold overcame the largest field in poker history when he defeated 8,772 fellow players and won $12 million as the top prize last year, surpassing the payout of events such as Wimbledon, The Masters, and the Kentucky Derby – combined.

The World Series has also expanded its reach beyond Las Vegas, to nearly a dozen casinos spread throughout the United States. The newly-formed World Series of Poker Circuit allowed poker players nationwide the opportunity to participate in poker’s greatest tradition.

Big corporations also took notice. What was once an untouchable subculture largely rejected by potential advertisers and business partners has suddenly become a highly- desirable target demographic. Beer companies, auto makers, and other mainstream businesses are now eager to attach themselves to the success story that is the World Series of Poker. Incredibly, the next thing on the horizon for the World Series might be yet another boom.

But some critics believe poker’s popularity may have peaked. Some people think the World Series of Poker can’t possibly get any bigger. A few words of advice: Based on its long and rich history, don’t bet against it.

Nolan Dala has been the Media Director for the World Series of Poker since 2002. He was the former PR Director for Binion’s Horseshoe. He writes frequently on poker and gambling issues and lives in Las Vegas.
Photography courtesy of PokerImages and University of Nevada, Las Vegas

The House always wins, well maybe not always…

Nevada Casinos Report $3.4 Billion Loss For 2010

Strip Casinos Lose $2.5 Billion Overall

by Julio Rodriguez

Any indication of a rebound for the nation’s economic downturn isn’t being seen in Nevada. The foreclosure and unemployment rate remain high, but perhaps the most telling figure for the state’s current economic situation comes from the Nevada casinos themselves, which have just reported losses for the second consecutive fiscal year.

A total of $3.4 billion was lost by casino operators throughout Nevada in 2010, according to an abstract conducted by the Nevada Gaming Control Board on the state’s 256 casinos that gross over $1 million in gaming revenues. The profitability measurement takes into account all money spent at casino properties including rooms, dining, entertainment and gaming.

In 2009, casino operators reported a nearly $6.8 billion loss. While the 2010 numbers may indicate some growth, in reality, they are just reflecting the devaluing of casino assets by roughly $3.5 billion.

This marks the first time in the abstract’s history that casinos have reported overall losses two years in a row. Unlike in 2002, when casinos reported losses following the Sept. 11 terrorist attacks, the current situation has little to do with a decrease in travel.

“People are still coming to Nevada because we’ve seen monthly tourism numbers grow,” said Mike Lawton, senior research analyst for the Nevada Gaming Control Board. “But the consumer spending levels remain challenged.”

Visitors may still be flocking to the strip, but they’re paying less to stay there. Room rates dropped an average of more than $12, moving from $124.75 in 2009 to $112.20 in 2010. For the 12th consecutive year, gaming revenues accounted for less than 50 percent of the overall net revenue total.

The 39 strip casinos lost just over $2.5 billion overall last year and reported a decline over 3.1 percent in gaming revenues worth nearly $5.2 billion. Downtown Las Vegas casinos reported losses of $73.7 million, compared to $54 million the previous year.

The 1st 2011 Venitian Deepstack Extravaganza


The Venetian Deep Stack Extravaganza Makes its 2011 Debut on Friday.The Venetian Deep Stack Extravaganza Makes its 2011 Debut on Friday.

The first Venetian Deep Stack Extravaganza (VDSE) of the year begins on Friday and runs for the following four weeks inside the Venetian Resort-Hotel-Casino in Las Vegas. Event buy-ins range from $225 up to $2,500 for the three-day main event that begins on Feb. 23. The main event will feature 90 minute levels and players will start with 15,000 in chips, with 5,000 in additional chips available for an optional $10 staff bonus.

Tournaments will be played January 28-February 25 in no-limit hold’em, PLO, Omaha 8/B and H.O.R.S.E. Players will begin with 10,000 in chips (with 2,000 extra for a $10 staff bonus) in the $340 NLHE events, 8,000 in chips (with 2,000 extra for a $10 staff bonus) in the $340 Omaha 8/B and H.O.R.S.E. events and 12,500 in chips (with 2,500 extra for a $10 staff bonus) in the $550 and $1,070 events. You can check out the turnouts and results for each of the tournaments here.

The Venetian is offering promotional suite rates of $129-$189 based on availability. Players can make Reservations by calling 877-444-3777 and referencing the group code # CP11A1.

The schedule for the rest of 2011 has not yet been announced, but in recent years The Venetian has held four Deep Stack Extravaganza series per year. The most recent series took place in October and November of 2010 and culminated with 232 players participating in the $2,500 main event. The event was won by William Lin for $127,620.

Here’s a Look at the 2010 VDSE Main Event Winners:

VDSE I: Thomas Marchese — $827,648 ($5,000 NAPT Main Event)
VDSE II: Isaac Haxton — $127,069 ($2,500 Main Event)
VDSE III: Dmitry Gromev — $316,759 ($5,000 Main Event)
VDSE IV: William Lin — $127,620 ($2,500 Main Event)

Here’s a Look at the 2011 VDSE I Tournament Schedule:

FRI 1/28/11 $340 No-Limit
SAT 1/29/11 $340 No-Limit
SUN 1/30/11 $340 No-Limit
MON 1/31/11 $550 No-Limit
TUE 2/1/11 $340 No-Limit
WED 2/2/11 $340 No-Limit
THU 2/3/11 $1,070 No-Limit
THU 2/3/11 $340 P.L.O.
FRI 2/4/11 $550 No-Limit
SAT 2/5/11 $340 No-Limit
SUN 2/6/11 $225 Pre-Game Super Turbo
MON 2/7/11 $550 No-Limit
TUE 2/8/11 $340 No-Limit
WED 2/9/11 $340 No-Limit
THU 2/10/11 $1,070 No-Limit
THU 2/10/11 $340 Omaha 8/B
FRI 2/11/11 $340 No-Limit
SAT 2/12/11 $550 No-Limit
SUN 2/13/11 $340 No-Limit
MON 2/14/11 $550 No-Limit
MON 2/14/11 $340 H.O.R.S.E.
TUE 2/15/11 $340 No-Limit
WED 2/16/11 $340 No-Limit
THU 2/17/11 $340 No-Limit
FRI 2/18/11 $340 No-Limit
SAT 2/19/11 $550 No-Limit
SUN 2/20/11 $340 No-Limit
MON 2/21/11 $340 No-Limit
TUE 2/22/11 $275 Super Satellites
WED 2/23/11 $2,500 No-Limit
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