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Posted 1/19/11 : PureProp is hoping to pull in the whales
With high stakes games and a prestigious venue, a new enterprise titled is hoping to pull in the high-rolling whales for some London-based poker action.
The company is promoting to a select audience of wealthy poker fans, inviting them to compete in cash games and tournaments at London's The Ritz Club Casino next (February) month.  Buy-ins are not cheap - one event will cost punters GBP54 000 to enter, with a Bugatti Veyron super-car worth over a million pounds sterling as a prize.
PureProp spokesman George Evans says that the firm will use a ladder system not unlike tennis clubs where the more a player wins, the higher up on the ladder he or she moves...and the greater the risk of coming up against a professional player.
Wealthy players are initially awarded a number of points on joining the club, based on their assessment of their skill at the game. This determines where they start to climb the ladder, the goal being to ensure that club members do not encounter professional players until they are experienced and skilled enough to handle the action.
The PureProp club will start with a global membership of 200 players, elected to membership by reference and invitation only. A membership debenture scheme – available to both playing and non-playing members – will enable members to share in the long-term success of PureProp.

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Gambling News :

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.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

Pennsylvania Online Gambling Updates - Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

BtoBet Partners with AfroBet - Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.

Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

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