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Jerry Yang Wins World Series of Poker Main Event

Jerry Yang became pokers newest champion this morning by besting a field of 6,358 players from around the globe to win the $10,000 No-Limit Texas Holdem Championship at the 38th Annual World Series of Poker .

Yang, a 39-year-old psychologist and social worker from Temecula, California, caught an inside straight on the final card of the final hand and won the $8.25 million top prize at the Rio All-Suite Hotel & Casino around 4 a.m.

Second-place finisher Tuan Lam of Canada won $4.84 million and Raymond Rahme of South Africa took home $3.05 million. The final table saw four Americans and five players from outside the United States compete for POKERSTARS BONUSmore than $22 million in prize money.

The feeling is just unbelievable, said Yang. Words cant explain it. Im looking forward to using the money to help as many people as I can. I have promised to split 10 percent of my winnings among three different charities the Make-A-Wish Foundation, Feed the Children, and the Ronald McDonald House and that is the first thing I am going to do.

A record 55 events made up the 2007 World Series of Poker, attracting 54,288 total registrants the most in its 38-year history. The total prize pool at this years World Series of Poker topped $159 million.

The $10,000 No-Limit Texas Holdem Championship, commonly referred to as the Main Event, generated a prize pool of nearly $60 million; 621 players finished in the money and received at least $20,320.

Due to its starting size, the Main Event playing field was spread over four days, beginning July 6. The Main Event final table began July 17 at noon Pacific, with the remaining nine players finishing in the following order:

2nd Place: Tuan Lam, 41, of Mississauga, Ontario (Canada), $4,840,981

Lam is a professional poker player who was born in Vietnam and eventually immigrated to Canada at the age of 19. Prior to turning pro, Lam worked as a general laborer for a metal company. He is married with two children.

3rd Place: Raymond Rahme, 62, of Johannesburg, South Africa, $3,048,025

Rahme is the first person ever to appear at the final table of the Main Event from the continent of Africa. Prior to his retirement, he owned and operated a bed and breakfast. He and his wife, Teresa, have six children.

4th Place: Alex Kravchenko, 36, of Moscow, Russia, $1,852,721

Kravchenko is a businessman originally from Archangel, USSR. He became the first Russian citizen in history to win a WSOP gold bracelet when he was victorious in the $1,500 buy-in Omaha High-Low championship at this years WSOP.

5th Place: Jon Kalmar, 34, of Chorley, Lancashire (UK), $1,255,069

Kalmar is a professional poker player who competes mostly in clubs located in the north and the Midlands region of England. Married with one child, Kalmar once was the lead singer in a punk rock band.

6th Place: Hevad Rain Khan, 22, of Poughkeepsie, NY, $956,243

Khan is a professional poker player who attended college at the State University of New York-Albany. Regarded by many as the most aggressive player to make the final table, Khan was eighth in the chip count at the start of final table play.

7th Place: Lee Childs, 35, of Reston, VA, $705,229

Childs holds a BBA in computer information systems from James Madison University. He recently left a high-tech position with a firm affiliated with the National Geographic Society to pursue his passion for poker.

8th Place: Lee Watkinson, 40, of Cheney, WA, $585,699

Watkinson is a poker pro, businessman and animal rights activist. Among the businesses he owns are a record company and a clothing line.

9th Place: Philip Hilm, 31, of Cambridge (UK), $525,934

Hilm, a native of Denmark now living in England, was the chip leader heading into the final table. He earned an economics degree in Copenhagen.

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Gambling News :

Malta Gaming Authority's half-year 2016 report - There are 490 gaming license in issue and 257 gaming companies in operation....in the first six months of 2014, those figures were 414 and 271 respectively;

Macau ATM Transaction Limit Lowered - The Monetary Authority of Macau moved quickly Friday to quell market concern caused by a newspaper report late Thursday that it was about to slash ATM limits in half .

Vegas Mobile Casino Gets Live Dealer Games - Vegas Mobile Casino has partnered with Swedish online gambling game developer NetEnt, which has supplied a new live dealer offering that includes desktop Blackjack and desktop and mobile Roulette.

Cosmic Crystals SLot Launches - 1X2 Gaming's latest online slot titled Cosmic Crystals is a 5 reel, 50 pay-line game with a futuristic outer space feel, gems galore, and features that include a sticky Wild reel, re-triggering Free Spins, Scatters and a claimed 95 percent RTP.

Playtech Live launches dedicated live roulette room - Playtech's live dealer arm, Playtech Live has launched a dedicated live roulette room operating from a fully custom-built studio bursting with colorful Christmas decorations.

Australian Open To Dunp Gambling Ads - Court-side advertisements, which have been criticized as promoting gambling and thereby contributing indirectly to the specter of match-fixing, are to be discontinued in 2017 from the Australian Open tennis championships, Tennis Australia has confirmed.

Olympique Lyonnais In Sponsorship Deal With FDJ - The agreement allows FDJ to introduce its ParionsSport betting terminals in the Parc OL stadium, and the promotion by the club of its website of the same name

BaFin CrackDown on Spread Betting - The UK Financial Conduct Authority's crackdown on financial and stocks spread betting via contracts for difference has been followed by similar moves in Germany, where the financial regulator BaFin announced similar new restrictions Thursday.

How is the CDC Group Spending its Money - Questions are being asked about how the UK government's private equity arm, the CDC Group plc (formerly the Commonwealth Development Corporation) spends the billions it is allocated to alleviate international poverty, The Guardian newspaper reported Friday.

Voodoo Slot Released - The Prague-based online gambling games developer Endorphina is going against the trend of Christmassy-themed offerings at this time of the year, instead going for the popular horror genre in its new slot Voodoo, released to operators today (Friday).

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