Matt Waxman Becomes First American To Win WPT Paris

Matt Waxman WPT ParisSince the World Poker Tour first went to Paris during its inaugural year, an American has never won the title there– until this year, when US-born Matt Waxman made WPT history by snagging the title and the €518,750 prize for first place. Waxman managed to get a healthy chip lead and eliminate his competition, including Martin Jacobson, who was the most experienced poker player at the final table but busted early after coming into the game extremely short-stacked.

Jacobson was the first player eliminated from the six-handed final table when, feeling the pressure as his short stack was eaten away by blinds, went all-in on AJ against Mikko Sundell, who held pocket Jacks. The cards didn’t hold anything to help Jacobson out, and he went home with €88,900. Despite the gain in chips, Sundell lost most of them shortly thereafter to Waxman, who left Kaverman to finish up the job. Sundell went all-in with K6 against Kaverman’s AJ with 5d5c8h showing on the board. A J on the turn and a 2 on the river meant that Sundell was the fifth place finisher with €133,330. Kaverman would be the next to go, this time at the hands of Fred Magen, who called Kaverman’s all-in bet and managed to pull a straight out of his hat. Kaverman went home with €155,550.

Spectators and players were beginning to notice a trend. Sundell had eliminated Jacobson. Kaverman then eliminated Sundell. Next, Magen eliminated Kaverman. One has to imagine that Magen, even if he’s not a superstitious kind of guy, had to feel a little nervous as the play went on, down to three players– if the trend continued, he would surely be the next one out. Magen, Lemaire, and Waxman played for quite some time before Magan tried to steal the pot by bidding too much, and Waxman went all in. He would take the pot with Ace high, and Magan would leave in third place with €211,100.

Hugo Lemaire WPT ParisFinally, the game had come to heads up competition. Neither Matt Waxman or Hugo Lemaire had a record of substantial wins before, and it may well have been anyone’s game, had Waxman not had a substantial chip lead. The American held 7,863,000 chips, while the Frenchman had a mere 1,550,000, and Waxman would use this to his advantage to bait Lemaire and force his hand. When Lemaire was forced into a call on the third hand of heads up play, Waxman made the flush draw that he needed and sent Lemaire home with €311,100 and an entry to WPT Amneville (€3,500 value). Meanwhile, Waxman collected a new title, a moment in poker history, €518,750, and a seat in the WPT World Championship Event for 2012.

Past winners of the World Poker Tour Paris events have been Christer Johansson of Sweden (Season 1), Frenchman David Benyamine (Season 2), Brits Surinder Sunar and Roland de Wolfe (Seasons 3 and 4, respectively), Christian Grundtvig of Denmark (Season 5), and Theo Jorgensen of Norway (Season 9—the WPT bowed out of Paris in Seasons 6-8). Not only has no American won before Maxman, but the final table in this event has never been dominated by Americans, as often happens in so many other locales in this and other poker tours. The vast majority of the final table seats since the beginning of the tournament have gone to the French, the British, and the Scandinavians, with very few exceptions (noteworthy Americans who have made final tables at the WPT Paris in the past include Allen Cunningham, Erick Lindgren, and Alan Goehring). In last year’s WPT Paris, the final table saw representation from only three countries– Denmark (1 players), Sweden (2 players), and France (5 players), making Waxman’s victory this year just that much more remarkable.

Annie Duke Talks On Craig Ferguson, Calls Online Poker Illegal

The Late Late ShowAnnie Duke has been getting a lot of attention over a comment that she made during her appearance on “The Late Late Show with Craig Ferguson,” where she went to promote her new book and the Epic Poker League. Critics have nothing negative to say about 99% of her spot on the American show, but they take issue with three words that Duke uttered in response to a comment from Ferguson, who said, “Now, isn’t poker illegal?” Duke responded, “No, that’s only online.”

Since her appearance, Duke has been absolutely lambasted for stating that online poker is illegal. Some critics have accused her of knowing nothing about poker (although it’s perfectly obvious from her history that such statements aren’t true) while others have stated that she’s “campaigning against online poker” or that she “doesn’t care about online poker because she has the Epic Poker League.” They’ve accused Duke of being hypocritical, as she used to play for Ultimate Bet, and her brother, Howard Lederer, is a known owner of Full Tilt. How did they play online poker in the US if it was illegal? Is she admitting to engaging in illegal activity and incriminating her brother in the process? What’s the real scoop behind Duke’s statement?

The criticisms of Duke’s statement (which lasted approximately one second) seem to break down into the following arguments:

1. Online Poker Isn’t Illegal

Okay, technically, online poker isn’t illegal. You can hop onto Facebook and play Texas Hold’em with the amateurs any time you want to, and no one is going to try to stop you (save for your boss or significant other). When people say “online poker,” however, they’re almost always referring to money games, which are inaccessible, while not illegal. What IS illegal is the banks, transferring money to poker sites that operate within the US and/or have US players. Transferring the money is the act to which the government objects, which is why they’ve been going after large online poker companies and financial institutions, not individual online poker players. To summarize: playing poker, not illegal. Funding poker to make it possible to play, illegal– therefore, the truthfulness of Duke’s statement is really just a matter of semantics.

2. Annie Duke is admitting to illegal activity.

Again, no. Because online poker isn’t illegal for the individual playing, but rather for the banks who fund transactions, Duke isn’t admitting to any kind of wrong-doing. Secondly, there’s a greater philosophical issue about whether or not Duke (like every other poker player in America) thinks that online poker should be illegal.

3. Annie Duke is scaring people away from the world of poker.

Nonsense. What’s scaring people away from the world of online poker is the fact that the US government has made doing so pretty much impossible. Duke stating that it’s illegal to play online isn’t going to affect the portion of the population that is already playing poker (as by now, they know the rules) or the part of the population that doesn’t really want to play (as they don’t care about the rules). All the people who are on-the-fence about playing are probably only on the fence because of the difficulty in playing while in the US, and while it’s possible that their hesitation comes from some other source (lack of income, addictive personality), whether or not Annie Duke, in the beginning of a talk about her new book about playing better poker and discussion of the Epic Poker League and how it’s going, makes a passing comment to move the conversation along is not going to sway them.

4. Duke should stick with the rest of the players and say that online poker is legal.

Duke was trying to move the conversation along. She only had a short amount of time on the show to promote her book (and to a lesser degree, the EPL), and if she had gone into a long spiel about the nature of the legality of online poker in the United States, it would have taken the time and focus that she needed to complete her purpose on the show. Ferguson wasn’t looking for a philosophical debate about poker’s legality, and if Duke had started down that road, there’s no way that the discussion would have gotten the lengthy airtime that it would need to be resolved conversationally. Again, it’s just an issue of semantics; it wasn’t a political statement.

Epic Poker League5. Duke has the EPL now, so she doesn’t care about the fate of online poker.

Ridiculous. Of course Duke cares about online poker. It’s a safe bet that all professional poker players care about the fate of online poker. Yes, Duke has the Epic Poker League. She also has a new book out. Her focus, however, remains on poker. If anything, Duke is doing the poker industry a service by keeping Americans focused on poker at a time when their frustration is growing and their interest is waning. With most of the poker-related shows and tournaments no longer airing on American television, Epic Poker League is a fresh face that is drawing in a lot of viewers. If there’s one thing Annie Duke knows how to do, it’s stay alive in a game where it seems like the cards are stacked against her, and that’s just what she’s doing now– staying alive when American poker is struggling.

Us Doj Releases First PokerStars Account

PokerStars US DOJAt long last, there’s a little bit of good news for PokerStars, which has seen the vast majority of its assets frozen since Black Friday last April. The United States Department of Justice, which was responsible for freezing the assets of not only PokerStars but also Full Tilt Poker and Absolute Poker, has released one account belonging to Sphene International, one of the payment processors for PokerStars.

PokerStars has been fully complying with the US Justice Department since the site was booted from doing business in America, unlike Full Tilt Poker, which has made news time and again for delays in legal proceedings, multiple class action lawsuits, and money trapped in customer accounts that has now been there for almost six months. PokerStars has released the money that their American players had in their accounts as soon as possible and has been forthright about the circumstances facing the company and how this translates for their current and former customers.

The DOJ account release of one of the accounts that PokerStars has, located in Bank Hapoalim (Suisse) SA in Luxembourg, does come with a stipulation: the company must keep a minimum balance of at least 5.5 million dollars in the account at all times. The exact wording used by the US government was: “WHEREAS, the Government and PokerStars have reached an agreement pursuant to which PokerStars consents to the restraint of $5.5 million in the Account for the pendency of the above captioned case, and the Government agrees that it does not object to PokerStars’ use of the remaining funds in that account”. In short, PokerStars has to keep money put aside equal to the amount that they reportedly made off of their US customers.

Because this 5.5 million was gained illegally, as online gambling has serious restrictions in the United States (to the point where Annie Duke recently made a public comment about the legality of poker but illegality of online poker in the US), the US Government may be planning to seize these assets once the rest of the legal action against the site has been resolved. At any rate, the money will stay there until the federal government figures out what it wants to do.

Although many players thought that Black Friday could negatively affect PokerStars as a company, it remains the leader in online poker. With so many other online poker sites pulling out of the US market (either by force or as a preemptive measure to avoid possible trouble in the future), the loss of the Americans from the player pool seems to be affecting everyone. With Full Tilt floundering, however, PokerStars has still seen steady growth since Black Friday, despite being targeted by the US government.

While PokerStars still has plenty of other accounts that haven’t been unfrozen yet, this new development has a lot of people wondering whether this is a sign that the damage caused by Black Friday is starting to be resolved. It’s too early to determine whether other accounts with PokerStars or other sites will be unfrozen, but PokerStars’ constant cooperation with the US government and general hands-up, mea culpa stance can only be helping them at this point in time.

Full Tilt Poker Makes More Vague Statements

Full Tilt Poker NewsPlayers who have money tied up in Full Tilt Poker will be interested to know that the site released an “exclusive news update” to pokernews.com today, regarding their status with the undisclosed investors. Full Tilt, in the past, has been less than forthcoming with information regarding what, exactly, is going on with the site, which was previously one of the largest online poker sites in the world, and now they’ve released a short private statement, which seems to be code for “we don’t have any good news to report, or we’d be sending this out to every news source, social networking medium, and former customer.”

The long and short of the press release is this: Full Tilt has “concluded the exclusivity period of negotiations with their current potential investor”, and now the site is looking for “additional potential investors to conclude the sale/partnership of the Full Tilt Poker brand and its assets”. English translation? They’ve got nothing. No investor, about whom we’ve been hearing for months now– and so much of the hope that former FTP customers had about getting their funds back in a timely manner hinged on this alleged investor (don’t put it past Full Tilt to invent investors to keep the wolves at bay, if that’s what it takes to buy some time). Past news reports stated that this investor was working with the US Department of Justice to deal with the class action lawsuit and get American players their money back, but without this investor, players shouldn’t hold their breath for timely repayments.

If the class action lawsuit from the States weren’t enough, Full Tilt Poker has just been hit with another– this time from Canada. The lawsuit is against Pocket Kings ltd (the owners of Full Tilt) and several of their subsidiaries, although it names many of the big name players for the site as defendants, including Ray Bitar, Howard Lederer, and Nelson Burtnick. Apparently, American players aren’t the only ones getting a little miffed that Full Tilt hasn’t paid back even a cent of the money owed their players (save, of course, for their alleged payments to certain FTP Pros).

Full Tilt also lost their Chief Marketing Officer, Lothar Rentschler, this week. His farewell email, sent out to many media outlets, was essentially an apology and expressed disappointment in the way that Full Tilt Poker is going. When you have nothing left to market because you’ve been shut down, there’s apparently no need for a Chief Marketing Officer anymore.

Full Tilt Poker has their hearing with the Alderney Gambling Control Commission scheduled for September 15th. Jeff Ifrah, one of FTP’s attorneys, issues a statement that “nobody wants to come to September 15th and not have a deal which is either finalised or close to finalisation to the point that it can be shared with Alderney and result in extension of that date.” It seems that FTP will be looking to file another extension, which is likely to further anger already outraged players.

The site has carefully worded their press release to imply that giving out too many details of their situation may be dangerous in terms of finding new investors (that doesn’t bode well), and, as they go on to explain, their first priority is finding a buyer so that they can use the capital to repay the players. So, wait… if no one buys Full Tilt, what happens to everyone’s money?

Chino Rheem Is First Epl Winner… And Probation

Epic Poker LeagueChino Rheem, who recently made headlines when he won the inaugural Main Event of the newly-formed Epic Poker League, taking home a $1,000,000 prize, has been suspended by the EPL due to a massive amount of outstanding debts. The EPL states that Rheem is in violation of their Code of Conduct not just because he owes a lot of people a lot of money, but because he’s allegedly gone to unusual lengths to avoid paying any of it back.

Rheem’s name has become a bit of a joke in the poker community (if having someone promise to pay you back and then actively refuse to do so is funny to anyone), where being ripped off by a player one has staked is often referred to as “getting Chino’ed”. So far, Ben Lamb, Erik Cajelais, Tom Dwan, Will Molson, and Joseph Cheong have all come forward and announced that Rheem owes them money.

Rheem has a history of cashflow problems, and his Epic Poker League win was no exception– of his million dollar win, Rheem saw a maximum of $200,000 of it, largely because he was backed 70% by Cirque de Soleil’s creator, Guy Laliberte, who took an extra 10% out for charity. With debts piled up across the internet (and many players making their complaints known, as it seems like Epic Poker League, unlike many other such groups, actually has their back on this one), Rheem has quite a challenge ahead of him: the EPL has stated that all of his winnings henceforth have to go to repaying his debts, and any further violations will mean that this former November-niner will be booted from the league.

Chino RheemSo far, his EPL winnings have gone to paying off Ben Lamb and Erik Cajelais in entirety, although many of the other outstanding debts were paid in smaller amounts (on average, a 10% payment). Time will tell if more debts begin to come out of the woodwork as word spreads, but one thing is for sure– the EPL is committed to helping maintain their good name.

Stephen Martin, the chair of the Epic Poker League Standards and Conduct Committee issued the following statement regarding the parameters of Rheem’s probation:

  1. “Mr. Rheem’s probation will remain in effect until Mr. Rheem has satisfied his pre-league formation financial obligations.
  2. “Mr. Rheem must continue to proactively repay his outstanding debts by, from this point forward, using any and all proceeds Mr. Rheem personally receives from personal poker winnings worldwide to satisfy all of his remaining financial obligations in an orderly fashion.
  3. “Any new violation of the Epic Poker League rules (including the Players’ Code of Conduct) or the law by Mr. Rheem — now that the Epic Poker League play has been initiated — will result in an immediate suspension of Mr. Rheem’s League card and eligibility to participate in Epic Poker League events.
  4. “In reaching its decision, the Committee recognized that Mr. Rheem used best efforts and all of the proceeds he personally received from winning the Inaugural Epic Poker league Main Event to partially satisfy outstanding financial obligations. Mr. Rheem must continue to demonstrate this commitment to honoring all of his financial obligations.”

Even though Rheem took home a first place prize, he reports that he’s “still broke”. While the EPL may not bring him great fortune, perhaps it can help this player begin to recover his reputation.

PocketFives Lends Helping Hand To Lost Poker Players

PocketFivesWhen everything looks darkest for American poker players, who have suffered disaster after disaster since Black Friday four months ago, one website is going above and beyond to come to the rescue– PocketFives. The website, which offers an assortment of training and coaching opportunities so that players can hone their skills, is now offering a new service by helping American players relocate to other countries so that they can continue to play the game that they love.

PocketFives has a new “poker refugees” page available for Americans looking for an alternative to playing live poker in sites like Las Vegas, Atlantic City, and casinos on Native American reservations. Currently, the site specializes in helping American players relocate to either Costa Rica, Panama, or Canada, and for $1000, they’ll help you with all your paperwork and relocation, but if you want to move your family or roommate, it’s going to cost you ($1500 for a family, $750 for a single person). This cost includes an interview, the right kind of visa, airport pickup, tips for setting up a bank account/utilities (including the most reliable internet possible), getting online poker sites to recognize your new location, and information on English-speaking professionals and how to get around in your country of choice. A thousand dollars will get American poker players some peace of mind, likely the first that they’ve had in quite some time.

If you’re looking to relocate somewhere else, PocketFives can help you on a case-by-case basis, but their specialty is the three countries they name. Why Costa Rica, Panama, and Canada? First of all, all the countries have an extensive tourist visa (90 days in Costa Rica and Canada, 180 days in Panama), but the clencher is the renewal– many people live for years on renewed tourist visas in these countries, because all one needs to do when the time expires is leave the country for 72 hours (3 days) and then come back. All three of these countries also allow Americans to open bank accounts within their borders, something which not all countries will permit. With the proximity of these countries to the US, renewing a visa can be as simple as taking a trip back to the States to visit friends and family. Panama and Costa Rica offer a cost of living that is substantially lower than that of the United States, while Canada offers the convenience of a shared language and lightning-fast internet speeds. For those players holding out for other locales, keep in mind that PocketFives is currently working on forging partnerships in Argentina, Australia (although Australians may be the next to suffer a Black Friday-esque fate), Bali, Columbia, Czech Republic, Latvia, Spain, Thailand, and the United Kingdom.

PocketFives has enlisted the help of Kristin Wilson, a real estate specialist currently living in Costa Rica, to help pave the way for American poker players who are looking to relocate. Wilson is the creator and head of this PocketFives service, and as a member of the Costa Rica Global Association of Realtors who has already relocated many American poker players looking to return to their beloved game, she may be just the person to usher in this next era of poker change.

Latest American Poker Player Emigration

Cates and Qureshi Set Eyes on Portugal

Daniel Cates

When Canada won’t have you, pick another country. That’s what we’re learning from Daniel “jungleman12” Cates and his posse as they plan to relocate– this time to Portugal, after Cates found out the hard way that telling immigration officers that he wants to enter a foreign country to make money by playing poker online (i.e., to work) would require a work visa. Has Cates found a loophole in Portuguese law that will allow him into the EU without a work visa, or does he plan to make his widely-publicized transition under the radar?

Since Black Friday, more and more Americans have been looking for new ways to play the game that they love. With the ejection of Full Tilt Poker, PokerStars, and Absolute Poker, there haven’t been many options left for American players. Add to that the fact that other online poker powerhouses (like Bodog Poker) are voluntarily withdrawing themselves from the US market, and it’s no wonder that some US citizens are tired of waiting for changes in gambling law (to be honest, the US government has bigger legislative fish to fry right now, and gambling law isn’t even showing up on the radar) and are taking matters into their own hands.

Cates said in an interview with PokerStrategy.com that he plans on staying in Portugal “a few months” and then either going somewhere else, or, if he likes it, staying longer. Since there’s no way that Cates has had the time to summon a EU visa, he has a 90 day limit in the Schengen countries (which Portugal is part of) and up to a total of 6 months in the EU (in a non-Schengen country, such as the UK or Ireland) before he’ll have to head, if not back home, somewhere else. Unfortunately, Cates isn’t really known for his knowledge of other cultures and their rules and regulations (hence the Canada debacle)– he posted on his Twitter, “I’m taking a flight from Los Angeles to Madrid, Spain… didn’t know such flights existed.” Jungleman has already declared his intention to play in the World Series of Poker Europe and European Poker Tour’s Barcelona stop, but states that his long-term plan is in the works and will depend on how the next few months play out.

Haseeb QureshiCates will be staying with Jose “Girah” Macedo (whose name he wasn’t sure how to pronounce in the same interview) and Haseeb Qureshi in Lisbon, who is following Cates out of the country– Macedo is already in Portugal. As Qureshi said in his blog at Cardrunners, “Now our plans have reverted back to going to Portugal after all – most likely Lisbon. Jungle and I will be living with Jose ‘Girah’ Macedo and will be flying out there sometime in the coming week. I have no doubt that it’s going to be an interesting excursion.”

Here’s to interesting excursions– and to United States legislation that pushes more players out of their comfort zones and into the open arms of live poker tournaments around the world. As predicted earlier this year, the lack of online poker in the US seems to be feeding the live tournaments around the world.

French Court Rules That Poker Is A Game Of Skill

France may be looking at some serious changes when it comes to poker legislation, all because of a case against the manager of St. Tropez and Les Coulisses, Jean-Pierre Gleizes, who was charged with organizing unlicensed poker games among a private group of players. Gleizes was able to convince the court that poker is not a game of chance, but is in fact a game of skill, as many poker players have been saying for decades, and the judge dismissed the charges against Gleizes, as the laws against gambling no longer apply to his activities if poker is no longer considered gambling. Although the prosecution immediately appealed the decision and few experts believe that the judge’s ruling will be upheld through the appeal, the ruling has a lot of people talking.

French Poker LegalisationThe defense wasn’t shy about bringing people forward to state their case. During the hearing, the judge heard from a professional poker player, a mathematician who plays poker recreationally, and chess and bridge champions, all of whom said one thing: poker is clearly a game of skill. There is a precedent for this kind of argument, as backgammon was considered a game of chance in the US until 1981, when tournament director Ted Barr was arrested for promoting gambling and took the court to task over their definition of backgammon as a game of chance. While some people consider poker a game of chance, due to the fact that cards are dealt randomly, pros like Annette Obrestad have demonstrated that one doesn’t even need to look at the cards in one’s hand to win a tournament! In 1981, the argument was much the same– because backgammon involved dice, legislators believed that it had to be a game of chance, although the witnesses called to the stand demonstrated that there is no randomness to winning– experienced players consistently beat new players– and there were countless options available to the player after the dice had landed.

If the Supreme Court upholds the judge’s ruling there will be several major changes resulting from the decision (and likely more legislation to correct the loopholes):

  • Professional poker players will be taxed on their poker-related income, as poker playing would now be considered a skillful profession. While players are already taxed on gambling winnings, the taxation rate for income is much higher, meaning that the players have less loot to take home.
  • Online poker casinos will no longer be taxed, as the French gaming and taxation bill passed in 2009 only addresses taxation for games of chance, and not games of skill. If the ruling is upheld, expect a quick legislative push to add poker and other skill-based games to the gambling/taxation law.

This ruling follows two months after a strange ruling in Sweden’s Supreme Court, where they ruled that poker tournaments are games of skill, while cash games are games of chance. Despite the clear confusion surrounding the nature of this ruling, it was lauded as a step in the right direction for poker, which gains a little more clout with every official acknowledgment that it is, in fact, a game that requires the utmost skill. Only time will tell if France will be able to come to the same conclusion.

Americans Fleeing To Canada… And Coming Back Again

America Canada Poker PlayersAmerica and Canada have always had an amicable relationship based on Canada’s perception that Americans are too intense and America’s firm belief that Canada’s chief function is as America’s hat. Travel between the two has always been easy, and citizens generally regard one another as long-lost friends, albeit friends who talk a little funny. With the chaos in the poker world in the US, however, more and more American poker players are heading to the Great White North in an attempt to reactivate their online poker accounts and get back into the game.

Canada isn’t without its share of legal troubles where poker is concerned. Recently, the Quebec Poker Tournament League (LTPQ) saw all of its activities put on hold while attempting to resolve some issues between themselves and Loto-Quebec, which is run by the state. What started as alleged missed payments has devolved into a full-on cat fight. The LTPQ says that Loto-Quebec owes them money, and, not to be outdone, the latter filed charges against LTPQ for damage to reputation from LTPQ and its owner.

This of course pales in comparison to American poker troubles that began in April on Black Friday, when Full Tilt Poker, PokerStars, and Absolute Poker were forced out of the US market and hit with charges of bank fraud, money laundering, and illegal gambling. While PokerStars and Absolute Poker have been helping Americans get their money out of their accounts (albeit slowly), Full Tilt has not released any funds and has not given any indication of when or if it will happen. While the majority of American players wanted to take their now-crippled bankrolls and play somewhere else, more and more online poker sites (most recently Bodog Poker) have been pulling out of the US market entirely (likely out of fear of what the US Department of Justice is willing to do to make a point).

Several American players have switched to live games for the time being, an act facilitated by the recent World Series of Poker events taking place in Las Vegas. Many of these players will be hitting Europe soon for the European Poker Tour and WSOP Europe events. Some players, however, don’t consider this concession (however long it has to last) to be acceptable, and several professional poker players, including Phil Galfond, founder of bluefirepoker.com and WSOP bracelet holder (with almost a million dollars worth of winnings at the WSOP) and Mikey Stoltz, who has cashed three times at the WSOP. Daniel Cates, known as “jungleman12,” attempted to follow in their footsteps and make Vancouver his new home, but he was stopped at the border and denied entry.

Cates won over $5 million online in 2010, making him one of the biggest winners of the year, but the Canadian Border Police (border mounties?) were not interested. They simply saw an American trying to come to Canada to work without a work visa, and they gave him the boot. This is an interesting twist, as there’s no way for Cates to obtain a work visa while in Canada, seeing as he’s technically self-employed. According to his twitter, he plans on talking to an immigration attorney, but he’s doubtful that he’ll make it into Canada and will likely relocate to a different country instead.

While Cates is the first really notable player to be turned away from the safety of Vancouver, he surely won’t be the last. Where are American poker players to go, if Canada doesn’t want them?

Full Tilt Records Show Ivey And Benyamine Received Substantial Loans

Phil Ivey Full TiltAccording to sources at Subjectpoker.com, both Phil Ivey and David Benyamine have, over the course of the past two to three years, borrowed large amounts of money from Full Tilt Poker.

Benyamine’s accounts are the seemingly less harmful of the two– while he still owes money to FTP, the remarkable thing is that he was overheard talking on the phone while in Vegas, asking about money for his WSOP buy-ins (Full Tilt was sponsoring him before they went belly-up), and that in early May, he was able to withdraw money (over 5,000 dollars) from his FTP account for travel expenses. If Full Tilt was in a bind and could not transfer money through the site by the time the WSOP rolled around, how was Benyamine getting his money? It seems that a lot of what happens at Full Tilt is going on behind the scenes, away from the prying eyes of customers (and accountants).

According to Ivey’s account records, he has borrowed $11 million from Full Tilt Poker and has yet to repay about $6 million of it. How many players accounts could be settled with that returned money? What did Ivey hope to gain by suing Full Tilt about the frozen accounts? Consider Full Tilt Poker’s statement after Phil Ivey filed his lawsuit against FTP (and hastily withdrew– and no wonder!):

  • “In an effort to further enrich himself at the expense of others, Mr. Ivey appears to have timed his lawsuit to thwart pending deals with several parties that would put money back in players’ pockets. In fact, Mr. Ivey has been invited — and has declined — to take actions that could assist the company in these efforts, including paying back a large sum of money he owes the site.”

Is it possible that Full Tilt is tired of being on the hook for their economic disaster, and they’re leaking information about Ivey and Benyamine to give the public someone else to hate? Well, that’s entirely possible (and not unlikely, actually). The public, however, doesn’t seem to be taken aback so much by the fact that the players were loaned extraordinary amounts of money, but that Full Tilt let them. Likewise, Benyamine isn’t being blamed for withdrawing money from his account– instead, FTP customers are wondering why he can take money out of his US-based account when no one else can.

What’s really worrisome about this (apart from the fact that Full Tilt has no problem throwing around millions of dollars to its select players but can’t seem to manage paying back its customers, whose accounts are still frozen) is that this may be an indication of how Full Tilt does business on a greater scale. How many players in the rest of Team Full Tilt (there are thirteen players besides Ivey) or among the Full Tilt Pros (Benyamine is one of the 159) are getting the same kinds of deals that these two are? One irate former Full Tilt player, upon learning of these developments, has expressed frustration that Full Tilt has been “an ATM that certain pros were able to access at will.” More and more, it seems as thought Full Tilt is not in a position where they can’t pay people back, but one where they won’t pay people back.

The class action lawsuit against Full Tilt names Phil Ivey and other members of Team Full Tilt and Full Tilt Pros as partial owners of Full Tilt, and claims that they are in part responsible for the actions of the company. Regardless of whether or not this is true, Ivey and other pros played fast and loose with Full Tilt Poker, and while these transfers and loans may well not be illegal, to a poker-loving public that doesn’t have millions of dollars to throw around and is still waiting to see their money, these actions certainly seem a little dicey. To access all the details from subjectpoker’s investigation, visit the following URL: