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Weekly High Limit Poker Report

Sunday March 9,2014 :  CATES THE BIG NOSEBLEED POKER WINNER THIS WEEK
 
Online ace makes almost half a million in a week on FTP.
 
Online poker ace Dan "Jungleman" Cates cleaned up this week on the nosebleed tables at Full Tilt Poker, adding a hefty $486,380 to his account after steamrollering some top quality opposition in 3,600 hands of action.
 
The High Stakes Data Base site reports that Cates was the biggest winner last week, outshining kagome kagome ($419,489) and Ben “Bttech86” Tollerene ($298,024) and bringing the credit side of his personal ledger up to $750,000 for the year so far.
 
There was at last good news for Gus "The Great Dane" Hansen, too - he finished the week up $415,488 - a useful offset against his reported career losses in excess of $16 million.
 
Among the major losers at the end of the week was Alex “PostflopAction” Kostritsyn, in the red to the tune of $571,257, and Hac “trex313” Dang, who lost $364,104.
 
No report on high stakes poker is complete without a reference to the usually volatile action of Viktor "Isildur1" Blom, but he had an uncharacteristically quiet week, going down just $50,000 instead of his more usual up-and-down hundreds of thousands. Over the year to date he is still in the black by over a million dollars...but watch this space.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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