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Ravi Raghaven Wins 2012 WPT Five Diamond
12/11/2012 : INSTANT MILLIONAIRE STATUS FOR US POKER PRO RAGHAVEN
Chicago poker pro takes home the $1.27 million main prize in the WPT Five Diamond
Ravi Raghaven, a 26-year-old poker pro from Chicago, became an instant millionaire this week when he took down the 2012 WPT Five Diamond tournament at the Bellagio after a hard-fought heads up against Canadian pro Shaun Buchanan (30).
Raghaven took home the first prize of $1,268,571, leaving Buchanan with a still-impressive runner up pay check of just under $750,000.
The tournament was more flexible this year, allowing an unlimited re-entry format that empowered players to make as many attempts as their bankrolls would permit during the initial eight levels.
With big names like Britain's Sam Trickett and US-resident Daniel Negreanu there was plenty of buy-in action, and a total of 503 entries were logged, building a prize pool in excess of $5 million.
On the final table, Raghaven and Buchanan faced Thomas Winters, Antonio Esfandiari, Andrew Lichtenberger and Jeremy Kottler, all of whom earned six-figure pay days for their appearance.
Three-handed, the survivors were Buchanan and Raghhaven along with a 45-year-old Texan involved in the livestock business, Thomas Winters. His departure in third for $483,000 set the scene for the final confrontation, where Raghaven enjoyed a comfortable lead of around 3.6 million in chips as the heads up commenced, managing to leverage that into an even greater edge over the two hours and 68 hands of the heads up.
Buchanan was unable to make a comeback, and Raghaven, who had started final table action as the short-stack, was triumphant, earning both the main prize and a $25,500 seat at the next WPT World Championship.
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Gambling News :
Wanajump Launches -
#Wanajump Spanish online and land gambling operator Grupo R. Franco appears to be emulating the William Hill group, announcing this week that it is to begin a start-up accelerator program for innovative entrepreneurs, which it has titled Wanajump.
Coral Launches player proposition betting product -
Digital Sports Tech, a business-to-business software provider of sports betting solutions, has signed a deal with UK online and land sports betting operator Coral to provide an innovative player proposition betting product.
Oshi online casino now accepts fiat currencies -
The Oshi online casino, which started just a year ago as a Bitcoin-denominated operation, has described its expanded activity in a statement this week, noting that in addition to Bitcoin it now accepts fiat currencies and has added new game providers to its roster of suppliers.
New Standards for UK Online Gambling -
Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.
Pennsylvania Gambling Bill 1887 returned with additions -
The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.
Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
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.
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