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Freddy Deeb Wins $50,000 HORSE Championship at World Series of Poker

Poker professional Freddy Deeb, 51, laid claim to the title of worlds greatest all-around poker player today by winning the $50,000 HORSE Championship at the 38th Annual World Series of Poker .

Deeb bested a record field of 148 high-stakes specialists to win more than $2 million, plus an 18-carat gold bracelet studded with 91 black diamonds and a custom-designed wristwatch, both made by luxury Swiss watchmaker CORUM, in an event that demands players excel at five poker variations. Poker greats consider the winner of the $50,000 HORSE Championship the best all-around player because taking the title demonstrates he or she can outplay top professionals in a wide range of game variations with high stakes on the line.

When I won my first bracelet, I was mostly a cash game player so it didnt really matter to me, Deeb said. But this one it means everything to me. These are the toughest players in the world. It has the highest buy-in. Except for the $10,000 buy-in (Main Event), this is the bracelet that means the most of any of them.

Deeb combined great play in the various poker variations (H)old em, (O)maha High-Low, (R)azz, Seven-Card (S)tud and Seven-Card Stud (E)ight or Better to outlast a field that included scores of the games most popular names, including Phil Ivey, Annie Duke, Daniel Negreanu, and Howard Lederer. Also taking part in the event were several former world champions, including Phil Hellmuth, Jr.; Doyle Brunson, Johnny Chan, Jim Bechtel, Scotty Nguyen, Greg Raymer, and Chris Ferguson.

The final table lasted a grueling 14 ½ hours and ranked as the fourth-longest final table in WSOP history. The tournament began five days ago with a field of the worlds top professional players, all determined to showcase their expertise in a variety of poker games.

Deeb, a native of Lebanon who came to the United States in the 1970s, has now cashed in a total of 22 WSOP events and owns two WSOP gold bracelets.

Poker great Chip Reese won the inaugural HORSE World Championship last year, besting a field of 143 of the worlds best players to collect $1,784,640. He returned to defend his title this year and compete for the top prize of $2,276,832.

The top 16 finishers this year received a share of the $7,104,000 prize pool.

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

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Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

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PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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