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New Book About AbsolutePoker

Thursday May 30,2013 : PLENTY OF COVERAGE FOR NEW BOOK ON ABSOLUTE POKER
 
UK press give detailed reviews on how Absolute was founded.
 
Gambling author Ben Mezrich will be pleased at the amount of UK mainstream press publicity his new book "Straight Flush" on the founders of Absolute Poker achieved following its launch this week.
 
Several mainstream newspapers and magazines reviewed the book in detail, publishing pictures of Absolute Poker founders Brent Beckley, his step-brother Scott Tom, Garin Gustafson, Pete Barovich, Shane Blackford and Oscar Hilt Tatum IV, how they raised funds and enjoyed the good life until it all came crashing down.
 
One review in particular carries the book's harrowing description of Beckley's arrest and incarceration by federal agents here:
 
http://www.today.com/books/straight-flush-true-story-online-poker-empires-fall-6C10019242
 
The Daily Mail also carried a long and detailed review supported by images on the rise and fall of one of online poker's biggest and most controversial companies here:
 
http://www.dailymail.co.uk/news/article-2332247/Revealed-How-college-friends-gambled-way-billion-dollar-online-poker-empire--day-came-crashing-down.html#ixzz2Uf1BjmMc
 
"Now, a new book traces the chaotic fortunes of the six-fraternity brothers from the University of Montana who set up Absolute Poker," the newspaper announces, saying that "Straight Flush" chronicles how a weekly poker game in the backroom of a bar in Missoula, Montana was parlayed into one of the biggest online Poker sites in the world.
 
Starting in Costa Rica, the frat boy founders raised $750,000 from Korean investors to get the venture up and running, but came short when the Caribbean bank they were using failed, necessitating more fund-raising around the world.
 
The reviews note that stepbrothers Scott Tom and Brent Beckley emerge as the most forceful characters, pushing the project on.
 
By January 2005 Absolute Poker was valued at $30 million and was bringing in about $800,000 a day in revenue. By August 2006 the company had grown by more than 100 percent year on year and was valued at $100million.
 
It was party-time, and the founders indulged in a high-living lifestyle with expensive material possessions like luxury cars and homes.
 
But on 15 April 2011, federal officials lowered the boom after a two-year investigation that included setting up a faux payment processor, and the frat boys' dream was shattered, with Beckley and Tom indicted on a slew of federal charges.
 
The book provides an update on the fate of the founders since Black Friday.  Pete Barovich is self-employed and settled in Phoenix, Arizona with his wife and young family; Beckley ended up in a federal jail in Denver, Colorado serving a 14-month sentence; Tom remains "at large" and is believed to be in Antigua.

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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