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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 :
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.
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.
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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