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Sunday Million Winner Loses It All

Saturday October 8, 2011 : It can be dangerous playing with the big dogs
Tough tale of the week comes from the Pokerstars internet high stakes tables.
Russian online poker player 17AXA experienced the euphoria of a major win on the Pokerstars Sunday Million earlier this week, but lost almost all of it barely three days later when he tangled with the big dogs on the high stakes tables at the same site.
The Russian's sad losses were perhaps a reminder that poker is a game of both chance and skill, and you had better be pretty good if you intend to mix it up with some of the top players in the game who regularly congregate on Pokerstars' virtual high stakes tables.
The unfortunate Russian started out Wednesday with an almost $150 000 bankroll, the proceeds of his successful showing in the regular Sunday Millions tournament.
Perhaps inspired by his own recent success, 17AXA went for the nosebleed $5 000 sit and go tables, where he was welcomed by a slew of hungry aces.
After taking serious losses but for one brief peak, the unfortunate player had to gradually ratchet down his action over a long and sobering session until he was struggling on the $30 tournament tables.
It was an expensive lesson, leaving him with barely $8 000 from an initially fat bankroll.

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Gambling News :

Tom Horn Awarded Malta Gaming License - Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.

Calvin Ayre invests in new Antigua Business Center - Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.

Attack of the Zombies Slot - Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.

Why is FullFlush Poker Still Down - Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.

Time Running Our For Pennsylvanian online gambling - Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

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