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TOP HIGH STAKES POKER PLAYER MADE $4.9 MILL IN 2010
Posted 1/4/11 : Authoritative monitoring site names Daniel Cates as top earner
The name Daniel 'Jungleman' Cates seems to be on everyone's lips lately as he cuts a swathe through the online high stakes poker sector with consistently disciplined but audacious play. The respected monitoring website High Stakes DB.com has named him highest earner for 2010 in the internet high stakes milieu, revealing that this young player has amassed some $4.9 million over the twelve months.
It's no mean feat for a 20-year-old who was largely unknown in January 2010 and who has faced the best of them online, including big names like Dwan and Ivey, to win $1.1 million in Pot Limit Omaha and $3.8 million in NLHE.
In fact, but for the vagaries of the game, Cates could have finished even better - as late as December 8 his profit peaked at an incredible $5.3 million.
Cates nevertheless finished the year comfortably ahead of nearest rival, Andreas "skjervoy" Tobergsen - another relatively unfamiliar player who recorded 85 percent of his wins on the virtual PLO tables. Tobergsen ended the year up $3.7 million, just ahead of Tom Dwan on $3.6 million and Phil Ivey on $3 million.
The biggest fluctuations appear to be those of Dwan - hardly surprising, given his penchant for daring and verve. In the third week of April he peaked at $7.1 million, but lost some $4.3 million over the next eight or so weeks and never regained the ground above the $5 million mark. Ivey was more consistent and conservative, reaching the apex of his earnings at $3.9 million in mid-December but slipping as the year closed.
High Stakes DB.com is worth a visit to check out the largest online pots of the year, headed by Patrik Antonius vs. Cadillac1944 in a split pot of $638 000.
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.
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.
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