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Eugene Katchalov Wins 2011 PCA

Posted 1/11/11 : New York pro adds another major win to his CV
Eugene Katchalov, a 29-year-old poker pro from Brooklyn in New York, added another $1.5 million to his career winnings over the weekend when he triumphed in the Super High Roller Event at the 2011 Pokerstars Caribbean Adventure tournament in the Bahamas.
It was no mean feat, for among the 38 entrants who stumped up $100 000 each to compete were ace players of international repute, and Katchalov's heads up opponent was the highly experienced Daniel Negreanu.
Nick Schulman led the chip counts when the final table action started, a good 700 000 chips ahead of his nearest rival Negreanu. Katchalov had the third biggest stack at that stage, followed by Bryn Kenney, Humberto Brenes, Sandor Demjan and Andrew Lichtenberger.
Only fifteen minutes into the final table the first elimination occurred when Lichtenberger fell to Negreanu, setting the pace for plenty of action until Kenny was ousted in third place for $643 000, leaving Negreanu and Katchalov facing off in the heads up with pretty even chip stacks.
Early in the confrontation Katchalov gained a massive advantage when he took down a $6.3 million pot, positioning him well ahead of his opponent. Although Negreanu played with boldness and talent, and enjoyed one or two good breaks of his own, he was unable to match the New Yorker's overwhelming lead and by the dinner break was at an almost 7 to 1 disadvantage.
Just an hour after dinner it was all over; Katchalov had the honours and the massive first prize of $1.5 million, and Negreanu collected a cool million as his runner up reward.
For Negreanu, the second placing was sweetened by the knowledge that his prize pushed him to the head of the all-time earner's list, overtaking the redoubtable Phil Ivey. Negreanu now heads the list on $14.1 million - a remarkable achievement.
The $1.5 million winner's prize was not Katchalov's biggest; the young pro has a long list of tournament cashes, headed by a $2.48 million first placing back in December 2007 at the WPT Bellagio Five Diamond World Poker Classic. His latest victory brings his career earnings to almost $6.5 million.

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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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