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Million Dollar Buy In WSOP Tournament

33 commitments have already been made
The World Series of Poker's executive director, Ty Stewart revealed the latest developments in his organisation's bid to flight a million dollar buy-in tournament this week in an interview with Poker News.
Stewart said that the target cap for entrants with that sort of cash was 48, but that 33 well-heeled poker players had so far committed to entering for such an event, and he expected the cap would be reached.
"The number is over 30. I believe the number as of right now is 33. These are commitments that have given their word to Guy [Laliberte], and I think that makes them pretty credible that they'll actually put their money in the cage this summer," Stewart said.
"We are going to have small stakes regional players qualify via our guaranteed satellite program and several successful businessmen. It’s amazing to think this single event will inject tens of millions of dollars of new money into the poker economy. I think players will do whatever they can to pool together resources to try to get positive-EV type pros in the field."
Stewart also discussed the impact of legalised online poker on his organisation, and speculated that it could be massive, with entry fields of 15 000 players in the main event not outside the bounds of possibility once sponsoring companies were again completely free to run competitions with WSOP packages as prizes.
He also felt that the World Series of Poker could play a major role in a legalised poker environment due to its brand, experience, reputation and wide geographic access to players everywhere.

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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.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

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.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

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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