Monday, July 20, 2009

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Kerry Packer Aussie Legend Live On Via Art And TV


Media Man revisits one of their most popular news stories from 2010...

G'day punters, casino and gambling millionaires and billionaires, media magnates, journalists, historians and art lovers. Art lovers?! Yes, today we bring you a special Kerry Packer special. The legend lives on, not only here, but now at an Australian artists exhibition, and of course 'Our James' (James Packer) continues to fly the flag and do the family legacy proud with his Crown Limited empire. Not only that, we also cover the pending return of KP to Australian television in an ABC mini series tipped to hit the jackpot, and Network Nine is bringing back 'Underbelly', complete with gambling themes.Media Man and Gambling 911 present The Kerry Packer Special...

Kerry Packer & Friends...

Kerry Packer & Friends - NG Art Gallery - 7th Dec - 24th Dec 2010

3 Little Queen Street

Chippendale, NSW Sydney AUSTRALIA

Tuesday - Saturday 11.00am - 5.30pm

Ok punters, here's the rundown. The artist - storyteller is Gina Sinozich. She's an 80 year old, Croat, Sydney based artist who paints in order to help recycle memory. Sinozich's latest exhibition, Kerry Packer and Friends, is her first solo commercial effort in Sydney and is tells the story of the legendary Kerry Packer. She covers the unique personality and complexities of a legend who was known for his astronomical wealth, super whale gambling exploits, running his business with an iron fist, and colourful run ins with the Australian government, amongst other things.

Sinozich migrated down under to Australia is 1956 and began to paint at the age of 75, now having work in Australian and New Zealand corporate and public collections. Her show showcases Packer as 'one of us' rather than the untouchable media tycoon. Sinozich was inspired to tell the story on the premise that we often hear bad before good. This tribute to KP is generous and reveals alot of the most powerful men in the world, who in 2004, was estimated to have a net worth of AUD 6.5 billion. The work of Sinozich will be showcased at NG Art Gallery from the 7th-24th of December and is certain to excite audiences, punters, art lovers or both. A fews Aussie commentator think this blows away much of the art that American gambling tycoon Steve Wynn shows off. Maybe Wynn might like to make a purchase of some classic Packer creations.

Sinozich says Packer gave back to society in a meaningful way and the series was intended to stand as a testament for this man's intrinsic goodwill after his death in December 2005. She recites a story that fuelled her initial interest in Packer, "...one lady said that she was on George Street with two little kids behind her and she was running...running to go on the train, and he (Packer) stopped her and said, 'don't you have a car?' and he wrote a cheque for her and said here, 'buy yourself a car'." Sinozich also fondly recalls, "...when he was playing in casino in Perth he won so much money and the girl who was serving wine...he asked her, 'do you have a mortgage on the house?' she said 'yes', then he wrote a cheque for AUD 600,000."

The talented, even cunning, artist worked like a Trojan horse for a fortnight and managed to produce 26 paintings that deeply explore her subject's nature, removing much of the mystic of Packer as an uncompromising media mogul. All the characters in Sinozich's work have a yarn to tell, and most aspects of his life are covered... birth, death, and much of the in between. Make no mistake, the works are smart, and unique, and are tipped to become collectors items.

The work is relatively simple, but full of life, and has been described as "traditional representational painting", which one may argue is a dying art. We think KP would have liked the tribute, and we await word to see what living members of the Packer clan think of the works.


Kerry Packer Legend To Return To Australian TV In Cleo Mini Series...

Packer is to return to life on Aussie TV via new ABC drama Paper Giants: The Birth Of Cleo (not to be confused with the Cleopatra slot game).

Australian readers may recall the public backlash to the introduction of the super sexy womens’ title in 1972. There were Cleo lovers and haters, but we're still talking about it today, so it made an impact, which is better than many of today's rags.

Rob Carlton will play a young Packer opposite Asher Keddie as publishing pioneer, the sexy and smart Ita Buttrose.

Rumours of a sexual relationship between Packer and Ita around the time of Cleo magazine's start off, but this won't be a focus on the mini-series, due to air next year.

Buttrose, who first made her mark as the magazine's editor, was a consultant on the production.

"If there was a supposed affair it didn't happen in this timeframe. I have no idea if there was, we didn't raise it with her," Edwards said.

There ABC publicity brief has whet our appetite for lots of Packer classic stuff and enough scandal to keep us coming back for more.

"It's 1972. Skirts are up, pants are down. Girls can have anything: Fabulous careers, fashionable clothes and oral sex," spruiks the promo.

The drama cleverly follows the death of Sir Frank Packer and the rise of his second son, who defies even family expectation to succeed, in a way no one could have expected.

"It was a real turning point in Kerry's career. It was a period when he made his first big move and it was an astonishing success and one against the odds in some respects," Edwards said.

Cleo magazine itself was a fine, yet controversial work, and introduced the nude male centrefold and sexual hits, tips, tricks and more for women. Media Man friend, actor Jack Thompson, is tipped to have his racy centrefold recreated. Something about a 6th finger, down there.

ABC TV by all accounts have taken a calculated risk on the series. Most quarters of society, both insiders and outsiders we've chatted with believe the gamble will pay off with a tidy jackpot, and whispers already circulate as to how many awards the show and actors will pick up.


Nine's David Gyngell Respects Packer History; PBL Becomes Nine Entertainment Co...

KP put Publishing & Broadcasting Media on the map and grew it to become arguably the biggest media brands in Australia.

PBL - the name, is now history, since Bondi Beach based chief executive, David Gyngell, rebranded it with Nine Entertainment Co.

Gyngell, who announced the rebranding at Nine's 2011 program launch in Sydney on Friday, advised the new name would be more recognisable to the public and large and went on to emphasise Nine's broad range of businesses, which sport Nine, ACP Magazines, Ticketek and NineMSN.

The recognition factor is important since the firm is likely to be floated on the Australian Stock Exchange by its private equity owners, CVC Asia Pacific, in the first half of next year.

It's understood that a strong level of support from a host of retail investors will be key to the $5 billion-plus float's chances of a jackpot.

Gyngell wisely acknowledged it was not an easy decision given he is the late Kerry Packer's godson and great mate of James Packer. History buffs, just in case you wondered, PBL was formed way back in 1994 when KP merged Nine with ACP (Australian Consolidated Press).

"PBL has a long association with the Packers so personally I don't take that lightly. But it's modernising a business that needs to be publicly known. We don't have the luxury of having James Packer or another mogul giving the company real gravitas."

Other media updates down under include Network Seven being backed by Kerry Stokes and Network Ten's board now has James Packer, News Corporation director Lachlan Murdoch, mining magnate Gina Rinehart and WIN TV owner Bruce Gordon.

"Nine is the biggest thing that we have and it is also the thing that supports all the other companies in the best possible way," Gyngell said. "It will be a new year. We are starting again.

Nine confirmed its crime drama Underbelly would come back with a series set in the roaring 20s in Sydney as well as 3 Underbelly movies! And, get this, a good spot of gambling will also be featured.



Gaming and Gambling Growth

Australian gambling companies are expected to report modest growth in earnings this reporting season as consumers rein in their discretionary spending and casino operators face tough competition from overseas.

"Gambling is part of discretionary expenditure, so I'm anticipating that gambling expenditure will be down," Morningstar gaming analyst Ross MacMillan said.

Earnings in the gambling sector may grow two or three per cent, but "It's going to be very subdued earnings growth if we see any at all," Mr MacMillan said.

The outlook for the current financial year was expected to be very cautious and limited in detail.

Mr MacMillan anticipated most companies would hold off providing guidance until their annual general meetings when they would have at least three months of performance under the belt.

The big issue for Tatts Group and Tabcorp would be the source of future growth, he said.

Tatts and Tabcorp hold a duopoly over poker machines in Victoria outside of the Crown casino in Melbourne. The Victorian poker machine licence expires in 2012.

Tabcorp was recently awarded a new wagering and betting licence in Victoria, winning it over Tatts. The wagering licence allows Tabcorp to offer wagering on thoroughbred, harness and greyhound racing and other sporting events.

Lower gambling expenditure would affect revenues, so gambling companies would have to look at cutting costs, Mr MacMillan said.

He said Tatts would be looking to strip out as many costs as possible from the NSW lottery business it acquired in March 2010.

Tatts also would think carefully about the South Australian lottery business, which is likely to come up for sale in the next 18 months.

Mr MacMillan said the main issue affecting the Tabcorp results would be the recent demerger of its casino operations - now known as Echo Entertainment Group - which would make Tabcorp's accounts "messy".

An issue facing casino operators Crown and Echo was the size of the capital expenditure needed to revamp their casinos so they could compete with big new casino-resorts in Singapore and attract more VIP gamblers (high rollers) from China.

"This is a real issue: whether it (capital expenditure) will continue in the future," Mr MacMillan said.

Fat Prophets gaming analyst Greg Fraser said consumer spending had been weak and was likely to be reflected in gaming results at the "grind end" of the market.

Mr Fraser said he expected a reasonable result from Tatts Group.

Although a larger proportion of Tatts' earnings now came from lotteries, gaming operations were likely to attract attention because that's where uncertainty lay.

"Having missed out on the Victorian wagering licence, it'll be interesting to see what they (Tatts) say about their future now and what their plans might be," Mr Fraser said.

Tabcorp also needed to detail its plans for the new Victorian wagering licence and explain how the company would replace gaming machine earnings once they disappear in 2012, he said.

Among the casino operators, Crown's result was likely to be stronger than that of Echo Entertainment, largely because Crown had spent its money on refurbishments and re-organising its gaming floors sooner and, arguably, more effectively than Echo.

Much of the Star City refurbishment was aimed at non-gaming activities, so the casino's success over the next year should be measured by the increase in visitation numbers.

"In that sense, it's the outlook statement for Echo this time that is perhaps more important than this year's financial result," Mr Fraser said.


Gaming, Entertainment, Hollywood and Celebrity News

Flashback


Warner Bros Says 'The Dark Knight Rises' Won't Beat 'The Avengers'...

The Hollywood Report is reporting that the pre-release tracking numbers for "The Dark Knight Rises" are so high that the movie should have no problem topping the $158 million opening of "The Dark Knight" and getting the best U.S debut for a 2D film.

According to Warner Bros, Christopher Nolan's third Batman film has already grossed $25 million in advance ticket sales, which is one of the best results of all time. The studio believes that "The Dark Knight Rises" will end up at around $170 million for the weekend, but box office experts believe that the film will likely end up between $185 million and $195 million.

As predicted earlier, "The Dark Knight Rises" will likely not beat "The Avengers" ($207.4 million) for the highest-grossing opening weekend, but should surpass "Harry Potter and the Deathly Hallows: Part 2" ($169.2 million). Both of the films had the advantage of being released in 3D. Roughly $35 million of "The Avengers" opening numbers came from the extra charge that comes with watching films in 3D.

The other problem that "The Dark Knight Rises" faces is being 2 hours and 43 minutes long. Very often people tend to wait for lengthy films to come out on DVD/Blu-ray. Plus, theaters won't be able to squeeze in as many screenings as they could for a shorter movie.


Warner, China Film clash on 'Dark Knight' debut against 'Spider-Man'...

A plan to open superhero movies "The Amazing Spider-Man"and "The Dark Knight Rises"on the same date in China has prompted a tense standoff between film authorities in Beijing and Hollywood's biggest studio.

Warner Bros.' Batman sequel "The Dark Knight Rises" and Sony Pictures' reboot "The Amazing Spider-Man" have both been scheduled to open in China on Aug. 30 , according to to several people familiar with the Chinese movie market not authorized to discuss the matter publicly.

Release dates in China are set not by studios, but by the state-owned China Film Group.

Such a move would almost certainly depress the box office grosses of both big-budget pictures as they compete for audiences and screens.

In response, Warner Bros. is lobbying China Film Group to delay the opening of "Dark Knight Rises" to September, the knowledgeable people said. The negotiations are delicate, however, as China Film's decision-making process is opaque to Hollywood studios.

The underlying question in the dispute is which side has more leverage: China Film Group, the gatekeeper to the world's second-largest movie market; or Warner Bros., which controls one of the most anticipated movies of the year, expected to gross more than $1 billion worldwide.

Spokespeople for Warner Bros. and Sony Pictures declined to comment.

"Dark Knight Rises" is opening in the U.S. on Friday as well as in many other countries in Europe and Asia; "Spider-Man" has already been open for several weeks in most territories.

Should China Film refuse to change the opening date of "The Dark Knight Rises," Warner Bros.'s only apparent option would be to hold back the movie entirely, potentially giving up tens of millions of dollars in box office revenue from the country in order to stand on principle.

REVIEW: 'Dark Knight Rises'

The news comes a week after the revelation that the 3-D animated movies "Ice Age: Continental Drift" (from 20th Century Fox) and "The Lorax" (from Universal Pictures) will premiere against each other on July 27 in China.

In the past, it has been highly unusual for similar movies to open on the same date in China as the government sought to boost box office receipts, which hit $2 billion last year and are projected to rise to $3 billion by the end of 2012.

But Chinese authorities may be concerned that Hollywood movies have been performing much better than local product so far this year, according to people with ties to the Chinese film market who did not want to be identified publicly because it might jeopardize their relationships there.

These people said that executives at China Film appear to be opening similar American movies against each other in order to minimize their box office takes.

Xiao Ping, the general manager in charge of importing movies at China Film Group, said she had not received any "official confirmation" of the release dates of "The Amazing Spider-Man" and "The Dark Knight Rises."

"I'm not sure when those two movies will be released in China," she said. "It all depends on the market conditions."

She referred a Times reporter to other executives at China Film. One who worked in the legal department said that the China Film Distribution and Exhibition Assn. is in charge of scheduling release dates.

However, a woman who answered the phone at the association said she couldn't comment and referred questions back to China Film Group.

There has been an unofficial "blackout" on American movies in China for the last several weeks -- with only local product appearing in theaters--from the opening of the animated film "Brave" on June 19 until "The Twilight Saga: Breaking Dawn Part 1" arrives on July 25.

Consequently, there is expected to be a back-up of Hollywood summer tentpole pictures opening on top of one another over the next couple of months.

If China Film Group decides to continue opening American movies on the same dates, it could impact such pictures as the 3-D animated films "Hotel Transylvania," "Frankenweenie," "Wreck-It-Ralph" and "Rise of the Guardians," as well as "The Hobbit: An Unexpected Journey" and the James Bond picture "Skyfall."


Jessica Biel Bails on 'The Wolverine,' a Superhero Movie That Can't Get a Break...

After three successful X-Men with a total domestic gross of nearly a $1 billion, a spin-off, X-Men Origins: Wolverine, and one of the greatest modern cameos of all time (his f-bomb in X-Men: First Class is truly inspired), one would think Hugh Jackman getting another round of mutant comic book action off the ground would be easy peasy lemon squeezy. Not so.

The latest hiccup for Wolverine's second outing, simply titled The Wolverine, sees Jessica Biel vacating a role that she never quite had. Rumors were swirling around Comic-Con that Biel was in talks for the costarring role of "Viper" in the film. The actress was in talks with the studio for the part on Friday, but the negotiations fell through. Biel, who previously lent her action acting skills to the third installment of the Blade franchise and the upcoming Total Recall, reportedly had "cold feet" regarding the role and opted out of joining the sequel.

The departure of Biel is another bump in the road for The Wolverine. After the middling success of X-Men Origins: Wolverine, questions over whether the gruff, ballbusting hero would get another chance at a solo career. Director Gavin Hood insisted that a second film was on the way, with writer Christopher McQuarrie (The Usual Suspects, Jack Reacher) hired to pen a script in August 2009. When Hood was not asked to return for a follow-up, plans for a sequel were stuck in limbo. But after the success of Black Swan, Jackman's former Fountain director Darren Aronofsky stepped in to helm the picture with a revamped title that separated it from the previous Origins series: The Wolverine.

Aronofsky boarded The Wolverine in October of 2010, but by March of 2011, he was bowing out of the project, citing the need to remain in the country with his family (the director had split from his wife Rachel Weisz in November, following the announcement). The departure of the director wasn't even The Wolverine's biggest issue: McQuarrie's script for the film took the action to Japan, following one of the character's most famous arcs, but just before Aronofsky's departure, Japan suffered a massive earthquake that devastated the country and left business out to dry. Once again, Fox was stuck with a project they were dying to make but with no one and no where to make it. An immediate search began for a new director, and by June 2011, the studio settled on James Mangold (3:10 to Yuma, Knight & Day) to helm the picture. The film was on the fast track to shoot in fall of that year in Australia.

With whether concerns in Japan a lingering problem, The Wolverine bounced around start dates with its star eventually taking on another project in the interim, the musical Les Miserables. But after years of false starts, the pieces for the comic book sequel are falling into place, Jackman confirming at this year's CinemaCon that production would begin in August for a release date of July 26, 2013.

The Wolverine has already begun assembling its primarily Japanese cast, signing on Hiroyuki Sanada, Hal Yamanouchi , Tao Okamoto and Rila Fukushima for key roles, but the loss of Biel comes as a blow to the production. The star is one of the few go-to female action heroines — and her profile is only growing. Who can go toe-to-toe with Jackman on both a physical and emotional level. In the comics, The Viper character begins in a romantic relationship with Wolverine before double-crossing him and taking him down. The casting of Biel is an indication that, at the very least, Viper will be seeing a bit of the action in the film (and with a name like Viper, how could she not?). There's no word yet on who could fill Biel's shoes, but if Total Recall is any indication, actress Kate Beckinsale has the chops to contend with Biel. An ample replacement? Who should take over Viper from the quickly-departed Biel?


Dwayne Johnson to play Lobo...

Dwayne Johnson has confirmed he is in talks with producer Joel Silver and director Brad Peyton to play comic book star Lobo....

Dwayne Johnson has confirmed he is in talks to play comic book star Lobo.

The 'G.I. Joe: Retaliation' star - who also wrestles in the WWE as The Rock - took to his twitter account to reveal he has entered negotiations with producer Joel Silver and director Brad Peyton about taking on the role of DC Comics' Czarnian bounty hunter.

In response to a fan's question about whether he is playing the character, he tweeted: "Rumors of me possibly playing LOBO are true. Joel Silver and Brad Peyton working on it now. That could be fun.. (sic)"

Earlier this year, Brad took up an offer from Warner Bros. to make the DC Comics movie as his next project.

The filmmaker teamed up with Dwayne on 'Journey 2: The Mysterious Island', which features Sir Michael Caine, Josh Hutcherson and Vanessa Hudgens, and sees the wrestler star as explorer Hank Parsons.

Dwayne's next movie role will see him portray Roadblock on forthcoming action motion picture 'G.I. Joe: Retaliation', and he recently admitted he signed up for the project because he thought there was "room for improvement" in the franchise after watching 2009's 'G.I. Joe: Rise of the Cobra'.

He explained: "I was even more than 'Yeah I'm in.' But also too, you wanna be a little bit poised with your excitement at first. When I first heard it, the idea of starring in 'G.I. Joe', first of all you get a second crack at something that is - the franchise is that big, the title is that big, the first one did well [but there was] room for improvement.

"We get a second crack at bat with this; I wanted to grab this by the throat and not let go. The moment I locked in, we all agreed, I'm in."


‘Dark Knight Rises’ SRO Official Academy Screening Begins With Moment Of Silence For Colorado Tragedy Victims...

The Colorado movie theatre shooting tragedy apparently did not dampen the want-to-see factor for The Dark Knight Rises among members of the Academy of Motion Picture Arts & Sciences. At Saturday night’s official screening at the Academy’s 1012 seat Samuel Goldwyn Theatre in Beverly Hills an SRO crowd , the largest so far this year and easily one of the largest in many years , turned out to see the much-awaited conclusion to Christopher Nolan’s Batman trilogy. The Academy crowd was so big that in a highly unusual move for one of these official weekend Acad member screenings ( which often draw far less than capacity audiences) an announcement was made that anyone not having a seat or not happy with the seat they did have could go to the lobby and they would begin filling the Academy’s adjacent Little Theatre.

In another highly unusual move for one of these regular screenings Academy President Tom Sherak was on hand and made a few remarks before asking for a moment of silence for the victims of the horrendous tragedy which occurred early Friday morning shortly after the first midnight screening began at the Aurora, Colorado theatre.

I am told this is what he said in part, “… (this was) such a thankless act of violence by a deranged individual who took the lives of so many innocent people and wounded so many others. The movie-going experience is one which we should be able to enjoy with others in our community in an environment that is safe. We should be able to go to our local theatres and leave our problems behind and allow the movie to transport us to a place that entertains us and captures our imagination. For now though, we understandably feel angst and uneasiness with this tragic event and question the why and the how. Let us take a moment of silence before we begin to hold those innocent people and their families in our hearts and in our prayers. Our condolences surely go out to all of them”.

At least one observer told me reaction to the film itself was “fantastic with much applause at the end”. Although it is far from the studio’s or anybody’s mind this weekend – and should be – Warner Bros is known to have high Oscar hopes for the film. The Academy’s switch from five to ten Best Picture nominees in 2009 is widely thought to have been instigated by the omission of a Best Picture nod for 2008′s The Dark Knight which was nominated overall for 8 mostly below-the-line Oscars and won for Sound Editing and most notably a posthumous Best Supporting Actor statuette for Heath Ledger who played the Joker.

Official Academy screenings of The Dark Knight Rises continue Tuesday in New York and Thursday in San Francisco. London-based members saw it last Thursday.


Studio Quiet on “Dark Knight Rises” Box Office; Will it Top “The Avengers?”

In the wake of the tragic shooting at a screening of “The Dark Knight Rises,” it would potentially appear callous to focus on the whopping box office success of the highly-anticipated film.

As such, Warner Brothers Pictures issued a statement saying it will not officially report box office data over the weekend. Studio estimates often help formulate the “reports” movie buffs read on Saturday morning and then again Sunday afternoon. Official results are not delivered until Monday.

Those with inside sources, however, are reporting that the film’s tracking looks very strong. The question remains whether it will beat “The Avengers.”

Though it had a stronger midnight opening, “Dark Knight,” according to Deadline, will likely land in line with the other film’s opening day total. Given the passionate following for the latest Batman film series, this phenomenon makes sense–seeing the movie at midnight was a bona fide event for millions, but it is not necessarily a more widely-appealing movie than the star-studded “Avengers.”

Like “Avengers,” “The Dark Knight Rises” is tracking for about $80 million on Friday. “Avengers” held up reasonably well over the weekend to earn $207 million; it remains to be seen if interest in “The Dark Knight” is too front-loaded to bring another $120 million to the table on Saturday and Sunday.


Marvel & Latino Review: Studio Allegedly Threatens Movie Writer Over 'Guardians Of The Galaxy' Leak...

On June 28, Latino Review writer Dave Gonzales -- writing under the pseudonym Da7e -- broke the news that Marvel was planning to make "Guardians of the Galaxy" one of its next films. Trades like Variety and THR were quick to pick up the news -- Deadline.com did as well, but without crediting Gonzales for the story -- and by the time Marvel officially announced "Guardians of the Galaxy" at Comic-Con on July 14, it seemed nearly everyone with a Twitter account was already aware of the project.

That apparently didn't sit very well with Marvel.

On Thursday, Gonzales posted an email he received from someone posing as a Marvel representative -- the writer was later revealed to be Robert Grosser, a vice president of loss prevention at Marvel, by THR -- that asked for the source of the "Guardians of the Galaxy" news. (Gonzales also broke a story about "Iron Man 3.")

The executives at Marvel are extremely upset regarding the release of this information and they have instructed me to find you and ascertain how you received it. My goal is to accomplish this in a quiet manner. I do not want to see you or anyone else get into trouble nor do I want to see anyone’s career be tarnished because of this. However I am very confident that through your efforts and mine, we will be able to work through this together. I personally feel that you did not have any malicious intent when you posted your spoilers on the fanboy website. Like many fans out there, you just wanted to be the first one to post something on the internet. I get it, however the "Iron Man 3" and "Guardians of the Galaxy" information was confidential and you did not have Marvel’s consent to post it. That was illegal!

Needless to say, Gonzales wasn't thrilled about the accusations or threats. Not only did he post the email online, he wrote this in response:

I’m not responding to this e-mail outside of this post, because I’ve done nothing wrong. A representative of my favorite comics house just stepped into my life with no legal authority to demand anything and threatened my career for doing my job well.

According to THR's legal blog, THR, Esq., Marvel would have a difficult time bringing any charges against Gonzales, a reporter, for reporting a story.

As for "Guardians of the Galaxy," Marvel announced the film at Comic-Con and will release it into theaters on Aug. 1, 2014.

For more on the legal ramifications of this story, head over to THR. To check out Gonzales' full report, hit Latino Review.


Thor: The Dark World - Stuntman Leak?...

At Marvel Studios’ panel at Comic-Con, it was revealed that the sequel to ‘Thor’ would be called ‘Thor: The Dark World’. But then the new title left people wondering what made Thor’s world so dark. It seems that stuntman James Grogan may have the answer to that.

In an interview with IReviewToo (via Comic Book Movie), Grogan may have just revealed who Chris Hemsworth will have to face in his next outing as the God of Thunder, beside Tom Hiddleston, who’s reprising his role as Loki. Here’s what the stuntman had to say:

“The other day for example, this is quite random but I was working on ‘Thor 2’. I had a load of stunt guys in and the director came in and he said ‘Look, we want you all to be elves,’ and I was like ‘What the hell is an elf anyway?’ and he said ‘I want you all to walk around like these supernatural animals,’ honestly it was the most ridiculous thing ever but you just have to not be self aware and get on with it.”

Elves? In ‘The Dark World’? Well for those in the know, one might assume that Thor will be facing off against the Dark Elves of Svartalfheim under the leadership of Malekith the Accursed. Back when Mads Mikkelsen was in talks for the role of an unnamed villain in Alan Taylor’s film, I speculated that he would play the demon Surtur, but now that we have more information to go on, could it be that the Danish actor who left the production was set to play the evil elf? And who’s lined up to play the villain now to fill the vacancy?

Also, as CBM notes, Loki and Malekith have been in cahoots before to acquire the Cask of Ancient Winters, which was featured in the first journey in Asgard, so maybe Taylor will be inspired by that comic storyline for his movie. Since production begins next month in London, I’m sure we’ll find out soon enough.

‘Thor: The Dark World’, directed by ‘Game of Thrones’ favorite Alan Taylor, starring Chris Hemsworth, Tom Hiddleston, Natalie Portman, Idris Elba, and Anthony Hopkins, is scheduled for release on November 8, 2013.


Dwayne Johnson Up For "Lobo" Film...

After being asked by a fan, Dwayne Johnson has revealed that talk of him playing alien bounty hunter "Lobo", in the proposed DC Comics feature film adaptation in development at Warner Bros. Pictures, has some weight to it.

"Rumors of me possibly playing LOBO are true. Joel Silver and Brad Peyton working on it now. That could be fun" he states on Twitter. The studio has not set a release date yet for the film.

If cast, Johnson would reunite with his "Journey 2: The Mysterious Island" director Brad Peyton on the movie.


Russell Crowe, 'Harry Potter' star Emma Watson to shoot 'Noah' on Long Island, New York...

Director Darren Aronofsky ("Black Swan," "The Wrestler") Thursday tweeted the first photo of the Noah's Ark set he's constructing on Long Island for his upcoming "Noah," based on his own graphic-novel reimagining of the Biblical epic.

"We're shooting in Oyster Bay, Long Island," a Paramount spokeswoman told Newsday. "Confirmed cast includes Russell Crowe, Jennifer Connelly, Sir Anthony Hopkins, Emma Watson, Logan Lerman and Douglas Booth." Oscar-winner Crowe is set to play a version of Noah, whom the graphic novel's publisher, Le Lombard, describes as "a Mad Max out of the depths of time." (Connelly will play Noah's wife, and Hopkins the 900-year-old Methuselah.)

"I dreamt about this since I was 13," Aronofsky, 43, tweeted. "And now it's a reality. Genesis 6:14," he said, referring to the Bible passage that reads, "Make thee an ark of gopher wood; rooms shalt thou make in the ark, and shalt pitch it within and without with pitch."

Meanwhile, Grant Wilfley Casting has scheduled an open call for "Noah" extras Saturday from 10 a.m. to 4 p.m. at The Greek Orthodox Church of Holy Resurrection in Brookville, specifying "men and women with toned-slender runner's bodies, who are willing to work at night in the rain." A previous open call had taken place June 29 in Manhattan.

"Noah," scheduled for release March 28, 2014, will adapt the graphic novel by writers Aronofsky and Ari Handel and artist Niko Henrichon, which was published in French last October.


Dwayne "The Rock" Johnson In Highest Paid Actors List...

Dwayne “The Rock” Johnson was listed at #4 on the Forbes annual list of the highest paid actors in the world over the past year. Johnson was reported as earning $36 million this past year, behind only Tom Cruise ($75 million), Leonardo DiCaprio ($37 million) and Adam Sandler ($37 million).


Roddy Piper gives tips to CM Punk...

WWE Hall of Famer Roddy Piper continues to praise WWE Champion CM Punk. Piper says he is going to sit down with Punk at Monday's big RAW and give him some advice for his troubles with Big Show. Piper wrote:

"Watched @CMPunk on Raw. A great job. I fought Andre so many times going to sit down with Punk at 1000 Raw a tell him a secret. He's worh it!"


AW Wants To Be WWE RAW GM...

AW says he is the one to take us back to the WWE Attitude Era. He wrote the following in response to fans criticizing his open mic work on RAW:

"If you're annoyed by me on the mic it's not me u hate it's ur own lack of internal fortitude you despise. #StopHatingO's. I'm not politically correct. If u get offended deal with it. #AttitudeEra is my motto. I grew up on it, I live it!!! #F*ckFearDrinkBeer!! If anybody's gonna take us back to the #AttitudeEra it's me. Doubt me if u will, don't let the suit fool you. We've only just begun...."


WWE Has More Legends Confirmed for RAW 1000; Stone Cold Steve Austin...

On rumors that Steve Austin will face Heath Slater on Raw 1,000: "Austin will definitely give him the stunner, ya' know thats coming! Fans get ready, you're gonna see a Stunner!"

On if he will be apart of Raw 1,000: "I will be making an appearance...people will see that my spikes were excellently repainted! Yeah, I'll be there all painted up, with bells on boys! If it happens it happens, I'm ready!"

On what else to expect for Raw 1,000: "It's gonna star studded, on my flight alone is me, DDP and Bret 'Hitman' Hart!"


WWE Focus On recruiting...

Within WWE, recruiting is now the highest priority it has been since more than a decade ago when WWE had the original strong class in Ohio Valley Wrestling. Gerald Brisco and Canyon Ceman, a recent Triple H hire, were recruiting new talents this past week at the Olympic Training Center in Colorado Springs. They were specifically looking at wrestlers, weightlifters and track athletes. Brisco was highest on a bobsled racer who he thought had a great look and who loved wrestling. The racer is the pusher for his bobsled team and may want to wait until after the 2014 Winter Games. (Wrestling Observer Newsletter)


ICP’s annual Gathering of the Juggalos...

Wrestling stars announced for ICP’s annual Gathering of the Juggalos JCW BloodyMania event include Scott Steiner, Vader, John Morrison, Carlito, Bobby Lashley, Chavo Guerrero, Shane Helms, Matt Hardy, The Headbangers, The Rock ‘n Roll Express, Colt Cabana, Vampiro, Steve Corino and others. As noted before, Ric Flair will also be present as the host of the Main Stage.


Dave "Batista" Bautista to have GQ feature...

Former WWE Champion Dave "Batista" Bautista took part in a photo shoot for men's magazine GQ on Thursday to promote the upcoming martial arts film written by RZA and Eli Roth, The Man with the Iron Fists. The noted wrestler appears in the flick with Academy Award winner Russell Crowe, Lucy Liu and mixed martial artist Cung Lee. It is set for release in North America on November 2, 2012.


WWE SmackDown Results: July 20, 2012...

Five nights after Money-in-the-Bank, the 674th edition of WWE Friday Night SmackDown came to you from the Valley View Casino Center in San Diego, CA. After their shocking engagement on RAW and their even more shocking wedding date for the 1,000th Episode of RAW, the bride and groom-to-be, AJ and Daniel Bryan, would be the special guests on The Peep Show, hosted by Intercontinental Champion Christian!

Match Results

8-Man Tag: The Prime Time Players, Hunico, & Camacho (with A.W.) def. R-Truth, Kofi Kingston, Primo, & Epico by Darren Young pinning Primo following the gutbuster.
Damien Sandow def. Zack Ryder by pin following the straightjacket neckbreaker.
Kane def. Daniel Bryan by DQ after AJ interferes.
Road Warrior Animal def. Heath Slater by pin following a jumping elbow drop.
Sheamus & Rey Mysterio def. Dolph Ziggler & Alberto Del Rio by DQ after Ricardo Rodriguez interferes.


Warner Bros. Consumer Products Announces Worldwide Licensing Program For The Dark Knight Rises
Epic Conclusion of the Dark Knight Trilogy Hits Theaters on July 20...


BURBANK, Calif., July 19, 2012 /PRNewswire via COMTEX/ -- The Bat-Signal soars above the skies as Warner Bros. Consumer Products (WBCP) and its global partners launch the worldwide licensing and merchandising program that supports the eagerly awaited epic conclusion to filmmaker Christopher Nolan's phenomenally popular Dark Knight trilogy, The Dark Knight Rises. As the summer blockbuster swoops into theaters, beginning July 20, WBCP unveils the unprecedented lineup of global licensees and products capturing the excitement for the film around the world.

"Batman is one of the most iconic characters in the world and our global merchandising program inspired by The Dark Knight Rises offers fans of all ages an opportunity to extend their experience beyond the theater," said Brad Globe, President, Warner Bros. Consumer Products. "The characters, gadgets and vehicles created by Christopher Nolan have opened up a world of great product opportunities."

In support of The Dark Knight Rises, WBCP and its host of renowned licensees are rolling out a vast product lineup generating awareness and enthusiasm just in time for the tentpole film's release. Led by global master toy licensee Mattel, the film will also be supported by key partners such as The LEGO Group, Hallmark, Kinetix, Converse, Rubie's Costume Company, and Titan Books, among many other licensees worldwide. The myriad of merchandise supporting The Dark Knight Rises will bring the film to life and into the homes of fans with a licensing program that boasts offerings across multiple categories from toys and games, to collectibles and costumes, to apparel and accessories, to publishing, party goods and domestic decor.

Mattel, global master toy partner for the film and DC Comics, will have a broad lineup as part of its Batman toy collection including action figures, playsets and collectible figures, highlighted by the fan-favorite Movie Masters(TM) line for the older fans and serious collectors, which captures the superior accuracy and details of the characters from The Dark Knight Rises. In addition, the authentic film-inspired toy line introduces the innovative play technology QuickTek(TM), which offers snap-and-slide armor and accessories.

The much-anticipated film is also being supported by LEGO, the official partner in the construction category, with a construction set inspired by The Dark Knight Rises; Rubie's Costume Co., bringing a wide range of costume products based on the entire DC Comics portfolio, including The Dark Knight Rises; and Hallmark offering collectible ornaments.

Additional licensees also supporting the film include: PPW Toys' DC Super Heroes collectible line of Mr. Potato Heads, including a "Caped Cru-Tater" figure inspired by The Dark Knight Rises; Jakks Pacific with a range of film-inspired novelty and large scale figures and plush; and Cardinals Industries' games and puzzles based on The Dark Knight Rises and Batman, as well as other legendary DC Comics characters. Funko brings its fun stylized plush and vinyl collection; Mezco unmasks colorfully detailed vinyl figures; Hornby Hobbies revs it up with a Scalextric limited edition Batman Tumbler vehicle; Thinkway Toys brings their best-in-class innovation to a range of remote control vehicles, figures, and basic role play toys inspired by Batman and The Dark Knight Rises; and McFarlane Toys unveils a special edition collectible action figure of former Pittsburgh Steelers wide receiver and two-time Super Bowl champion, Hines Ward, in his Gotham Rogues uniform as worn in The Dark Knight Rises.

The licensing program for The Dark Knight Rises reaches multiple product categories. In apparel, high-end fashion from Kinetix and Kids Republic, to Braccialini's cat-walk Catwoman-inspired clutch, to trendy apparel from Bioworld, Junkfood, French Connection, Converse, New Era and Diesel, gives fans a chance to don the look with t-shirts, limited edition sneakers and caps, accessories and more inspired by the artistry and graphics from The Dark Knight Rises; as well as Under Armour with their specialty athletic gear as inspired by their Gotham Rogues uniforms in the film. Collectibles from Hot Toys, Kotobukiya, Mobius Models and Noble Collection offer discerning collectors a chance to display the most artistic and detailed figures and replicas; Mimoco offers cool-collectors' high-tech USB flash drives for all fans; and home goods from Franco, and more will bring Batman to life in any room in the house. In publishing, WBCP and its partners take an in-depth look at all of the vehicles, gadgets, uniforms and more as seen in Christopher Nolan's Dark Knight trilogy. Titan Books will bring the film to the page with its official tie-in novelization; Abrams releases The Art and Making of the Dark Knight Trilogy; HarperCollins caters to younger fans with a publishing program that includes a Junior novelization, I Can Read book series and assorted activity books; and Insight Editions lets fans and auto aficionados get into the driver's seat in Batmobile: The Complete History coffee table book about the iconic Batmobile through the years, as well as giving an inside look at the secrets to being Batman in The Dark Knight Manual.

Other licensees that are part of the exciting roll-out for The Dark Knight Rises program, including Lava Lite LLC, Skinit, Inc., Cufflinks, Inc., Graphitti Designs, The Northwest Company, Thermos, Trends International, Muckle Mannequins, Molli Toys and Bakery Crafts, among many others - each offering inspired product that will delight all fans.

About The Dark Knight Rises Warner Bros. Pictures' and Legendary Pictures' The Dark Knight Rises is the epic conclusion to Christopher Nolan's Dark Knight trilogy. The film stars Christian Bale, Michael Caine, Gary Oldman, Anne Hathaway, Tom Hardy, Marion Cotillard, Joseph Gordon-Levitt, and Morgan Freeman. Christopher Nolan directed the film from a screenplay by Jonathan Nolan and Christopher Nolan, story by Christopher Nolan & David S. Goyer. Emma Thomas, Christopher Nolan and Charles Roven are the producers, with Benjamin Melniker, Michael E. Uslan, Kevin De La Noy and Thomas Tull serving as executive producers, and Jordan Goldberg co-producing. The Dark Knight Rises is based upon Batman characters created by Bob Kane and published by DC Comics.

Opening in theatres and IMAX on July 20, 2012, The Dark Knight Rises will be distributed worldwide by Warner Bros. Pictures, a Warner Bros. Entertainment Company. The film has been rated PG-13 for intense sequences of violence and action, some sensuality and language. www.thedarkknightrises.com


Gazillion Entertainment President David Brevik Talks Marvel Heroes MMO
The new game will offer dynamic environments...


SAN DIEGO -- Gazillion Entertainment have Comic-Con 2012 fans a first play of the free-to-play online game Marvel Heroes. The game combines the energy of action role-playing games with the breadth and immersion of the MMO genre, while sharing some popular features from Blizzard Entertainment’s Diablo games.

Fans were able to play one of four iconic Marvel characters at the convention and battle through the war-torn streets of Mutant Town and Fort Stryker to defeat Magneto and retrieve William Stryker from his clutches. Along the way, players got a taste of the extensive loot and costume options for each hero. Developers of the game were at the Marvel Entertainment booth, which featured Iron Man 3, to guide players and answer questions during play.

“San Diego Comic-Con is the perfect venue for gamers and Marvel fans to play Marvel Heroes for the first time,” said Brevik. “Marvel Heroes is a great leap forward for the MMO genre, combining the rapid pace of an action-RPG with the depth of an MMO.”

During San Diego Comic-Con, fans also were able to play through the game to find the Tablet of Life and Time, which is a powerful item in Marvel Heroes. The Tablet has been stolen in a daring raid, and to help get it back the Marvel Heroes Task Force needed help. San Diego Comic-Con attendees were deputized and issued a unique photo ID badge, then put hot on the trail of the Tablet. Over the course of The Con, fans won t-shirts, beta codes and other prizes.


WWE Triple H Talks Talent...

Promoting this coming Monday's historic 1000th episode of Raw, Paul Levesque, also known as Triple H, addressed a number of topics including Randy Orton's ongoing sixty-day suspension for his second violation of WWE's Talent Wellness Program.

Orton, who hails from St. Louis, Missouri, the site of Monday's show, will be unable to appear due to the suspension. Though Levesque won't divulge what Orton did wrong, he notes "The Legend Killer" will be back once the suspension concludes.

"It is important to remember that all of our wrestlers are human but they also have to be accountable," Levesque says of Orton's suspension.

As WWE's Executive Vice President of Talent and Live Events, Levesque's corporate role is to discover tomorrow's Superstars. He admits it's a struggle.

"We're trying to teach them to be the Stone Colds and the Undertakers of tomorrow, but the one thing we can't teach is charisma," said Levesque. "You can teach people to do moves and create story lines and the psychology of what we do, but you can't teach someone to be the Rock. It's an innate ability to walk into a room and have everyone pay attention. Put aside the athleticism and what happens in the ring, what our business is really about is connecting with people emotionally. If you are emotionally connected to your character, then people will want to see you. It's true in Hollywood and movies. You don't have to be the best actor, just be a presence."

Triple H, The Rock and "Stone Cold" Steve Austin created on-screen personas "fans loved, hated or loved to hate" on Raw in the late '90s. Levesque feels they were the first stars of reality television.

"Every guy we have, whether it's me, whether it's the Undertaker, whether it's John Cena playing the character John Cena, is a performer," said Levesque. "What we did is very much the beginning of reality television. 'Jersey Shore,' whether people want to believe it or not, is a scripted kind-of show. They don't give them every single word, but they give them premises and they set things up. It's not a documentary where you follow them around brushing their teeth. And that's what we are — we blur that line and that's what people find intriguing."

Levesque also offers insight on The Rock and Kane's on-stage personalities, WWE's decision to make their shows "PG" television, critics denouncing wrestling as "fake," and more.


100 Million Fans Like WWE...

STAMFORD, Conn., July 20, 2012 – WWE® (NYSE:WWE) today announced that it has eclipsed 100 million fans through its global social media networks, further cementing its position as one of the most followed brands in the world.

To celebrate this milestone, WWE has surprised its 100 millionth social media fan, Alex Guerrero, Jr., 27 from San Antonio, Texas with a free trip to Monday Night Raw’s 1,000th episode live from St. Louis, Mo. this Monday. Guerrero will also appear on the show and be featured across all of WWE’s social media platforms, including Tout, Twitter, Instagram, Facebook, YouTube, Pinterest and on WWE.com, making him an online Superstar.

Currently, WWE has more than 73 million Facebook fans and 30 million Twitter followers across all of its networks. WWE’s network of Facebook pages has more fans than the NFL’s Facebook league page and its 32 team pages combined. WWE’s flagship Facebook page has a stronger following than brands such as MLB, ESPN, Nickelodeon, HBO, Pepsi and CNN. On Twitter, @WWE has more followers than the NHL, McDonald’s, TMZ, CNBC, and Coca-Cola. Earlier this year, WWE and its Superstars received six 2011 Mashable Awards including “Digital Company of the Year” and "Must Follow Brand on Social Media."

The 1,000th episode of Monday Night Raw not only marks a new 8/7C start time on USA Network, but an expanded three-hour format that will usher in a new era of interactive programming, where viewers will become part of the action by using social media platforms to have a voice in the show.



McMahon releases 2010 tax returns...

NORTH HAVEN, Conn. (AP) — Senate candidate Linda McMahon has released tax returns showing the former wrestling executive and her husband earned $30.6 million in 2010.

The endorsed Republican candidate in the race for Connecticut's open U.S. Senate seat says her 2011 returns also eventually will be released.

The campaign provided copies of the 2010 returns to The Associated Press on Friday. The vast majority of the income for McMahon and her husband Vince, the CEO and president of WWE, formerly World Wrestling Entertainment, came from stock dividends. They paid $4.7 million in federal taxes.

A McMahon spokesman said the Greenwich couple is releasing only the 2010 returns for now because the 2011 returns have not been completed.

McMahon is facing former Congressman Christopher Shays in the Aug. 14 Republican primary election.



Pensioners to be Banned From Titanic II's Casino - 18th July...

Pensioners will be banned from the casino onboard Titanic II -- as will anyone travelling in steerage -- according to the man behind the project, eccentric Australian billionaire Clive Palmer.

Palmer wants to protect pensioners from themselves and questions whether anyone who can't afford a First Class ticket should even be gambling onboard.

Speaking at a press conference in Brisbane yesterday, Palmer also revealed the deck plans for the replica ship -- which will follow the original plans as closely as possible but with one or two modern additions, including lifts, air-conditioning -- and enough (modern) lifeboats.

The ship, which is being built in China, will be about four feet wider in the beam, with an extra deck to carry more passengers, lifeboats and safety equipment, including escape chutes. The hull will be welded (rather than riveted), and it will be diesel-powered, rather than run by coal, despite Palmer making his billions from mining.

Teijo Niemela, Editor of Cruise Business Review, questioned how closely it would be possible to stick to the original design: "It's quite an interesting problem that they're going to have with the design. The closer they keep the design to the original, the less the ship will be modern. After a few years when all who are interested have seen the product, how many will want to go back to a ship whose design is 100 years old?

On the other hand, if they incorporate too many modern features, such as the gadgets Queen Mary 2 has, then the problem is it wouldn't be Titanic II."

Like the original, Titanic II will be divided into first, second and third classes, with those in steerage sharing bathrooms and sitting at long tables for meals.

Clearly influenced by the James Cameron movie, Palmer said that's where he would be found –- dancing jigs (presumably with a Kate Winslet lookalike) –- in third class:

"It's more fun to dance around with an Irish drum than it is to sit at a casino all night," he said at the press conference. "That's where I'll be -- that's where the fun will be!"

First-class tickets on the original ship in today's money would cost about £57,000 -- about the price of a world cruise on a six star ship today, and out of reach of all but the most wealthy. Palmer said: "I'm sure we can do better than that," when asked what a first class ticket would sell at.

When pressed why he wanted to ban pensioners from the casino, Palmer insisted he did not want to cause offence to the elderly: "I love pensioners. My closest relations are pensioners," he said. "I was just trying to say that we need to protect and respect people who have given a lot service to this country and make sure that we don't act positively to impoverish them later -- that's all it boils down to. We have to have some social responsibility too."

The casino is likely to be located in first class, so as with on Cunard's Grill Class, it will be possible to segregate passengers, Palmer explained: "There will be some sort of screening to make sure the people who do go there are people who can afford to go there. I think third class we'd have to have questions about, wouldn't we? If you can afford a first class ticket at the prices that I'll be charging, you can probably afford to go to the casino. We'll only locate the casino in first class probably, so we should be able to segregate."

The drawings released yesterday depict nine decks, complete with first-, second- and third-class staterooms, as well as officer and crew accommodations. From deck D upward, engineers Deltamarin have managed to keep the public rooms, passenger stairs, cabins and features in similar locations as in the original ship. The board of his shipping company, Blue Star Line, is yet to approve the final design. The first voyage is set for late 2016.



Online gaming companies in for huge 2011

Flashback In Time


Could online gaming firms be in the mix of the top stockmarket investments to make in 2011?

The listing of Betfair (BET) at the conclusion of October on a fancy multiple and the $3.3 billion megamerger between X and X, due to complete in the first quarter of 2011, appears to have added spark to the industry of late.

Then there is the prospect, albeit slight, of the liberalisation of the US igaming market which has put the industry firmly on investors' watch list, including ours, for next year.

It is understandable, as even a snapshot look at the stockmarket gains of the world’s biggest online gaming companies between circa 2004-2006 reveals just how quickly fortunes were made and lost.

The iGaming Global Top 30 Index, an index of the stockmarket performance of the biggest 30 online gaming companies, surged 40% between July 2004 and August 2005. This was followed by 12 months of extreme volatility before sinking thanks to a controversial piece of legislation in the US.

Since 2006, online gaming’s real story has been dominated by America’s Unlawful Internet Gambling Enforcement Act (UIGEA).

The multibillion-pound global industry virtually collapsed in a heap after its biggest market - the US - was closed down overnight when Congress introduced a surprise clause to legislation in September 2006, in effect making internet betting illegal. Not only was that a blow for investors - it was a hugely expensive one.

British-based companies were among the biggest casualties.

As soon as the London Stock Exchange opened the following Monday morning, shares in XX - then a FTSE 100 member - dived by 58%, while rivals 888 Holdings (888) and Sportingbet saw their shares slide by 26% and 64% respectively, wiping an estimated £4 billion off the sector's value.

The companies were forced to focus on opportunities in other parts of the world, but the businesses have never fully recovered from the impact of losing their most lucrative market. Last year, online gambling was worth an estimated $5.4 billion (£3.5 billion) overall, a figure that could rise to $12-$16 billion if the market was opened up, analysts say.

Despite the recent loss of a sympathetic Democrat majority in Congress last month, there is renewed hope of floated gambling companies being dealt a good hand on both sides of the Pond.

The new Republican chairman of the House financial services committee is likely to be an old-style Alabaman named Spencer Bachus.

Yet he is likely to listen to the prospects of a reinvigorated gambling sector for the ailing US economy. The Federal government’s non-partisan accountants, the Joint Committee on Taxation, have estimated online gambling could generate between $10 billion and $42 billion in new revenue by 2019, depending on the number of states that opt into a federal regulatory programme.

Yet he is likely to listen to the prospects of a reinvigorated gambling sector for the ailing US economy.

The Federal government’s non-partisan accountants, the Joint Committee on Taxation, have estimated online gambling could generate between $10 billion and $42 billion in new revenue by 2019, depending on the number of states that opt into a Federal regulatory programme.

And you can see why if you glance at the forecast numbers.

With the US nationwide unemployment rate at 10%, 48 of 50 states facing budget shortfalls and a Federal deficit approaching $1.3 trillion, the economic backdrop against which to promote regulation and taxation of internet gambling has arguably never been more favourable.

Yet those companies poised to get a real boost should America legalise online gambling, such as the impressive PartyGaming/Bwin combine, are getting excited about the future.

"We are seeing things from a legislative perspective that are quite exciting for us," says XX, chief executive of XX, whose comments undoubtedly reflect the mood of a growing contingent of gambling operators on both sides of the Atlantic.

There has been speculation that XX and XX have decided to merge at this time precisely because they will be better placed than any other operator to seize a huge market share should the US decide to legalise online gambling. You only have to look at the market share that X was able to capture by becoming one of the first operators into the online poker market back in 2001.

Analysts agree the enlarged company is in a strong position to exploit the opening up of the US market.

In a note to investors recently, the Morgan Stanley leisure analyst Vaughan Lewis said: "The overall political tide is moving firmly in favour of regulation, rather than prohibition.

"With its expertise... market-leading technology, strong marketing capability and good brands, we think the combined entity of XX and X would be extremely well positioned to benefit from any market opening in the US. We include nothing in our forecasts for the US, so any new market here is pure upside."

And in a recent Barclays Capital research note, the investment bank said: "In the event of Federal regulation, we believe XX would be the likely key beneficiary.

"Under this hypothetical scenario, we estimate the potential [underlying profits] uplift could be 94% for XX and 58% for XX and 888. On a state-by-state hypothetical scenario, we estimate the uplift for the group would be considerably lower, but still meaningful."

Meanwhile, at the end of October analysts at Numis published a note saying there is 50% upside potential at X when the merger with X completes in March 2011. With the shares trading at around 230p at the beginning of November Numis have put a price target of 400p on the stock.

The XX merger has got the other big companies in the sector scurrying around to do similar deals. They don't want to be left behind in what will become a gold rush should the US legalise online gaming.

888 and Sportingbet are also possible future takeover targets as the industry consolidates, but only once their legal liabilities in the US market are cleared. Serious negotiations in the PartyGaming/Bwin merger were only concluded once Party had secured a $105 million settlement with US authorities.

Analysts say a resolution would clear the way for 888 and Sportingbet to re-enter the lucrative US market should moves to overturn the 2006 legislation succeed.

Sportingbet has already acted telling shareholders at its latest results meeting that it had made a £22.8 million settlement with the US Department of Justice over an investigation into illegal internet gambling. The agreement means the firm will avoid being prosecuted in the US for accepting online bets made by Americans between 1998 and 2006.

Sportingbet would hold the most appeal to potential bidders, analysts reckon, pointing to its very strong market positioning in Australia and commenting that Ladbrokes (LAD) and William Hill (WMH) could be interested in a takeover.

Liberum Capital analyst Richard Taylor recently highlighted the strength of Sportingbet’s sports betting business, which he said had one of the best gross margins in the sector at around 10%. In addition, he said Sportingbet’s management was open to a bid, having previously stated up to 55% of their cost base could be removed.

Another former giant of the sector, now somewhat depleted thanks to the UIGEA, is 888.

Analysts say 888's attraction would be the potential for cost savings in a tie-up with a rival online gaming operator, and that Party/Bwin might be a possible buyer. What would make it attractive is that both Party and Bwin use 888 as a supplier.

However, the Shaked family who founded the company, and who control over 50% of the shares, would be looking for a price significantly above the 40p at which the company currently trades.

There have been whispers among London traders in the last few weeks that a £262 million, or 76p a share, cash bid from a much bigger industry player, possibly US entertainment giant Harrah's, which already has close business links with 888 could be on the cards.

Certainly 888 chief executive Gigi Levy has said recently that he looks at consolidation as one of the possible routes to realising shareholder value.

Another giant of the industry looking to become bigger still is the mighty Betfair. Having listed on the LSE at the end of October at 1,300p, the shares soon touched 1,600p-plus, as tracker funds piled in confident it will canter into the FTSE 250 index at the December review with a market value above £1.6 billion.

If things are hotting up at the Federal level for the online gaming industry there are also some exciting developments at state level.

So far in 2010, four states have considered whether or not to legalise some combination of online poker, casino gaming and sports betting: Iowa, Florida, California and New Jersey.

The state making most headway is New Jersey, where internet gambling has been under consideration by lawmakers since 2001. It is finally receiving serious consideration in the state Senate where two bills, which would legalise internet sports betting and casino gaming respectively, have already passed the committee stage this year.

From California to New Jersey to Florida, more state and federal congressmen are taking the reality of a legal online gambling regime a lot more seriously.

Whoever wins the race, state or federal, one thing is clear: more and more stakeholders in the US are finally coming around to understand the risks and implication of a ‘do nothing’ strategy. This is an opportunity cost and gambling companies are getting their bets on regardless.

But ongoing political deadlock clearly poses a real threat to regulatory efforts at all levels of American government. But even as gambling industry stakeholders duke it out in the halls of legislatures around the country, as well as on Capitol Hill in Washington, the very fact that the conflict between them is intensifying signals that interest and investment in pushing for online gaming regulation is rising.

With billions of dollars out there to harvest and market share to win, the entire online gaming sector looks ripe for an upturn in coming months. Investing in online gaming companies has always been a white knuckle ride - and there looks to be every sign this particular circus is once again rolling back into town.

The Asian Poker Tour Macau To Star As Backdrop For New Chinese Poker Film

MANILA, PHILIPPINES, July 19, 2009 - AsianLogic, owners of the Asian Poker Tour, are delighted to announce a historic first for poker in Asia. The hotly anticipated Asian Poker Tour Macau Festival, taking place 12-23 August 2009 at the Galaxy Starworld, will be featured in a ground-breaking Chinese language poker movie. Many believe the film will have a similar impact on poker in Asia as the 1998 Hollywood film Rounders did in the western world.

The movie is provisionally titled 'Poker King' and will be directed by famous Chinese language director Chan Hing-Kai and Janet Chun and, produced by Amy Chin and Chan Hing-Kai. It tells the story of two bitter poker rivals competing for world championship glory. The cast will be all-star, A list Chinese actors and pop stars with a cinema release across the region set for later this year. Actors with the coveted starring roles include Louis Koo, Sean Lau Ching -Wan, Stephy Tang, Cherrie In and Josie Ho.

There have been several famous gaming films in the region, most notably the 1989 Chinese language classic 'God of Gambler's' starring Chow-Yun-Fat which spawned dozens of spin-offs - but 'Poker King' is set to be the first release that focuses on poker.

Tom Hall, CEO of Asian Logic, owners of the Asian Poker Tour said: "This is a very exciting project and is sure to provoke even more excitement about The Asian Poker Macau Festival in August. Players across the region and throughout the world are encouraged to come to the Starworld and play at the Asian Poker Tour Macau - the movie crew will be needing lots of extras and even players to take on roles if they choose! Rounders, starring Matt Damon and Edward Norton, is always highlighted as a key catalyst for the growth of poker in the western world. 'Poker King' has the promise to deliver this and potentially much more. Gross revenue from poker in Macau is estimated to have risen by 400% in 2008 alone and continues to rise and with this blockbuster movie the game could become even more popular in a land where baccarat is king. Think of how many people have seen Rounders and at least quadruple it and you can only speculate at the kind of impact 'Poker King' could have on the game. We're delighted to be involved."

Asian Poker Tour Macau is a hotbed for the world's top poker professionals and negotiations are ongoing about giving the Tour's sponsored ambassadors 'The Poker Pack' significant roles in the film. The Pack includes recent World Series of Poker bracelet winners JC Tran and Steve Sung, as well as Quinn Do, Nam Le, David 'Chino' Rheem and Kwang Soo Lee. Together, they are amongst the most feared players on the world circuit.

The Asian Poker Tour Macau Festival will run from August 12-23, 2009 at the Galaxy StarWorld Hotel and Casino in Macau. Last year, the event attracted some of the most famous names in the game. Poker legend Doyle Brunson was one of those that attended and said: "I thought Las Vegas was the gambling capital of the world but I was wrong, it feels like coming home." The Main Event was won by 20-year-old US hotshot Yevgeniy Timoshenko, who scooped US$500,000 after emerging triumphant from the star-studded field that featured players from over 40 countries. Timoshenko has gone on to become one of the hottest talents in the game after taking down the WPT Championship earlier this year.

This year's Asian Poker Tour Macau Festival will be bigger and better with 12 days of non-stop poker action and fun. The buy-in is set at US$4,300 (US$4000+$300). Aside from the Main Event, the Asian Poker Tour Macau Festival will feature the largest range of side events ever seen in Asia - guaranteed to make the poker fest even more exciting and appealing to players at all levels. Organizers and tournament director Matt Savage promise a lengthy and varied side event schedule that will appeal to all tastes, details of which will be confirmed in the near future. High-limit games and sit-n-go tables will run throughout the duration of the festival.

The last Asian Poker Tour event was held in the Philippines in January 2009 and was won by Manila rounder Neil Arce, who scooped US$185,000 for first prize after overcoming a field of 262 players from over 40 countries. The runner-up was the Republic of Korea's Steve Yea, who repeated his second place in the Asian Poker Tour Macau 2008.

Like 2008, online qualifiers are also expected to flock to the StarWorld as the Asian Poker Tour continues to gain support from leading online poker networks hosting satellites to the Main Event. The Asian Poker Tour is supported by the iPoker Network, Titan Poker, DafaPoker, PKR, PartyPoker, 32 Red Poker, Betfriends, Ongame Network, Red Kings, 888.com, and Bwin. Full details can be found at www.asianpt.com

World Series of Poker" and "WSOP" are registered trade marks of Harrah's License Company LLC. No license, affiliation, sponsorship, or endorsement is claimed, or should be inferred from the use of these trademarks here. AsianLogic is not licensed by or otherwise affiliated with Harrah's License Company LLC or the World Series of Poker, in any way.

ABOUT ASIANLOGIC (ALOG) OWNERS OF THE ASIAN POKER TOUR
AsianLogic is a leading online and land-based gaming company focusing on the Asia-Pacific markets. AsianLogic owns and operates eight online casino brands and two online poker rooms as well as land-based sportsbook operations through its MegaSportsWorld brand. It is a specialist in Asia-specific games such as Mahjong, Cho-Da-Di, Do-Di-Zhu and 13 Card Poker. The Company owns and operates the Asian Poker Tour. The Company also maintains a corporate advisory team specialising in the gaming sector which is an active investor in gaming-related businesses as well as providing consultancy and analytical services. AsianLogic enjoys strong commercial relationships with leading gaming providers including Playtech, ID Games and LVS. Founded as ESL in 2002, AsianLogic employs over 300 employees, the majority of whom are based in the Philippines.

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Monday, July 13, 2009

Illawarra poker king's wedding was in the cards, by Laurel-Lee Roderick - Illawarra Mercury - 13th July 2009

Illawarra's poker king has won plenty of prizes at the table, including his fiancee's heart.

Gary Parker of Oak Flats went into Saturday's Australian Poker League State Finals at Warilla Bowls and Recreation Club as the region's top poker player.

And, while the cards didn't go his way on the weekend, the 48-year-old still has plenty to celebrate.

Mr Parker has already scored himself an entry into a $500,000 national poker tournament next month at Melbourne's Crown Casino.

And he has his wedding to plan, to his queen of hearts, fiancee Deb Green who, ironically, he met while playing poker.

"We have been going out since February last year, but we knew each other for about 12 months before that," Mr Parker said.

The couple has yet to plan the big day, but Mr Parker joked that the ultimate dream would be to get married in the world's casino capital, Las Vegas.

The pair plays poker seven nights a week, at clubs from Shellharbour to Corrimal. On Sundays, they play in two poker tournaments.

"I always try to make it to the state finals and this was my fifth time," Mr Parker said.

"It is a good game and you always hope to get through the last table, but it didn't happen this time."

About 500 poker players from across NSW competed on Saturday, including 45 Illawarra players.

The highest placed Illawarra player was Mick Samways, who finished in seventh place.

The day was won by Kearns man Antony Vidal, who took home $3500 prize money and will now head to Melbourne for next month's tournament.

(Credit: Illawarra Mercury)

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Thursday, July 09, 2009

Shane Warne's poker ace, by David Hastie - Sunday Herald Sun - 5th July 2009

He conquered the world on the cricket pitch. He is rumoured to have reunited with his former wife. Now Shane Warne is taking the poker world by storm.

The spin king stormed into the next round of the World Series of Poker tournament in Las Vegas last night, finishing day one with more than $110,000 in chips.

Warne has been accompanied in Las Vegas by former wife Simone Callahan and their three children, fuelling speculation of a reunion.

And last night he was celebrating a windfall at the lucrative tournament, where he is set to go up against some big names, including actors Jason Alexander and Matt Damon. (Credit: Sunday Herald Sun)

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Wednesday, July 08, 2009

Poker push to be ranked with Melbourne Cup, GP, by Michael Warner - Herald Sun - 8th July 2009

Crown casino wants its annual Aussie Millions poker tournament given official status on the major events calendar.

Casino chiefs have confirmed they are planning a submission to the Victoria Major Events Company.

If successful, Crown could be eligible for funding under the State Government's $83 million major events cap like the Formula One Grand Prix, Australian Open tennis and Australian Masters golf.

But Crown CEO David Courtney says the casino does not want financial support -- just official recognition.

"Crown is not looking for funding or subsidy from the Government -- far from it. "But we believe the Aussie Millions meets the criteria for a major event in Victoria and we would like to see it given that status alongside the Spring Racing Carnival and the other major events here," Mr Courtney said.

The move will require final approval from a Cabinet sub-committee.

Industry sources say the casino will have little trouble demonstrating that the Aussie Millions delivers significant economic benefits to Victoria, as required under qualification criteria.

It attracts thousands of international and interstate participants and generates more than 8000 hotel room nights.

The Herald Sun revealed on Saturday that Crown has raised the first prize purse for next January's Aussie Millions to $2.5 million - making it the nation's second-biggest first prize event behind the Melbourne Cup.

Anti-gambling groups yesterday scoffed at suggestions a poker championship could offer either cultural or social benefits.

"Why don't we make Sexpo a major event as well?" the Rev Tim Costello said.

"There's a fundamental difference between a major sporting event that excites and transcends our human condition than a gambling tournament."

Australian world poker champion Joe Hachem told the Herald Sun from Las Vegas the Aussie Millions was worthy of major event status.

"It deserves the title as one of Australia's majors alongside the Australian Open, Spring Racing Carnival and F1 Grand Prix," Hachem said.

Hachem, spin king Shane Warne and a host of other Australians are in Las Vegas this week vying for the World Championship of Poker. (Credit: Herald Sun)

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Saturday, July 04, 2009

Crown Casino wants to trump Australia's richest horse race, by Michael Warner - Herald Sun - 4th July 2009

A poker tournament is looking to trump the Melbourne Cup as Australia's biggest-paying major event.

Crown casino has raised the first-prize purse for its annual "Aussie Millions" poker championships to $2.5 million, putting its main event just $800,000 short of last year's Melbourne Cup winner's cheque of $3.3 million.

And the poker prize pool will soar again in 2010 on the back of a TV series tipped to reach more than 100 million lounge rooms across the globe.

The Australian Open, offering $2 million for both men's and women's championships, now sits in third place ahead of the AFL Grand Final ($1 million) and the Australian Masters Golf ($270,000).

Podium prizes for the Albert Park Formula One Grand Prix and the Phillip Island MotoGP are minimal.

"A first prize of $2.5 million gives the Aussie Millions a status it deserves on Melbourne's major events program," Crown CEO David Courtney said yesterday.

"Crown is now sharing the limelight with some of Victoria's other major events, including the Melbourne Cup, Australian Open, and the AFL Grand Final."

The Aussie Millions, running each January in conjunction with the Australian Open, is now the world's fifth largest poker tournament and the biggest outside the US.

"Huge growth in the number of overall participants reflects the increasing popularity of the game locally and internationally," Mr Courtney said.

He said the tournament generated more than 8000 hotel-room nights across Melbourne, rivalling all other Victorian major events.

This week, Melbourne poker champ Joe Hachem and cricket legend Shane Warne are heading a band of Aussie hopefuls in Las Vegas vying for the World Championship of poker and a bumper first prize of more than $9 million. (Credit: Herald Sun).

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Friday, July 03, 2009

Poker star in court after win - AAP - 3rd July 2009

A top New Zealand poker player has been dragged through the courts by his closest card-playing mate after a big cash haul at a Melbourne casino.

Lebanese men Jamil Dia and Constantine Harach used to be the best of friends, playing competitively for years as afar afield as Russia, often agreeing to share each others wins and losses to spread the gambling risk.

But all turned sour for the Wellington immigrants at Melbourne's Crown Casino in January 2005 and the saga has been playing out in Kiwi courts ever since.

As the facts go, Mr Dia, a bakery owner, won more than NZ$700,000 ($554,000) that day at the casino when he was crowned 2005 Australian poker champion.

Mr Harach, a hairdresser, was rankled by the win and has claimed since that they'd agreed this time to share 20 per cent of each other's winnings, a claim denied by Mr Dia.

The pair are now locked in a bitter dispute that has ended up in court five times to date, the Dominion Post newspaper reports.

Mr Dia appears to have the winning hand this time around, with a District Court judge unconvinced that the two men did have an agreement.

But Mr Harach appealed the decision in New Zealand's High Court yesterday, with a decision by Justice Forrie Miller reserved. (Credit: AAP)

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Tuesday, June 30, 2009

Mike Sexton Reviews the 2009 World Series of Poker, by Mike Sexton - Poker News Daily - 25th June 2009

It’s once again time for the World Series of Poker (WSOP) – the 40th edition. For poker players, the WSOP is the ultimate in “thrill of victory and the agony of defeat.” It’s where dreams come true and also where dreams are shattered. Many of us dote about the bracelets, the history, and the tradition that set the WSOP apart from other tournaments, but the beauty is that most players really can win life-changing money.

This year’s kickoff event was a $40,000 buy-in No Limit Hold’em tournament commemorating the 40th annual WSOP. Personally, I think it’s a dumb idea to ever have a bigger buy-in for a No Limit Hold’em tournament than the Main Event, so I wasn’t for it. I didn’t play in it because I missed the first week of the WSOP this year. I took a vacation with my wife Karen and son Ty (nine months old) to Yellowstone National Park – and it was great! It was a vacation for our second anniversary and Ty is the first child for either of us. It’s official - my priorities have changed from poker to parenting!

I do love the WSOP, though. I’m guessing I will play in 10 to 12 events this year. It may be their 40th, but it’s my 25th WSOP, my Silver Anniversary. One thing’s for sure: I will never forget my first-ever WSOP. It was 1984. I lived in North Carolina back then and had been a professional poker player for about six years. I always wanted to go the WSOP and play against the best. I never went, though, because I was an avid Little League coach back then (which, incidentally, was the greatest joy of my life). We started practicing in April and our season started in May – the same time as the WSOP in those days – and, therefore, I couldn’t go.

In 1984, I finally decided to take a week off from Little League and go to my first WSOP. Back then, they only had one tournament every other day. That meant in a week’s time, you could only play in three events. So, I entered three events, made two final tables, and was hooked for life on the WSOP. Because of my success in that first WSOP, I decided to move to Las Vegas a few months later and I’ve lived there ever since. I’ve often wondered where I’d be today if I hadn’t cashed in any of those three tournaments.

Here’s the bad part: 25 years later, I still remember how I was knocked out of those tournaments at my first WSOP – and it still hurts! Why can’t I just let it go? Because it’s my Silver Anniversary WSOP, I’ll relive the pain and tell you what happened (If you don’t like bad beat stories, skip the next couple of paragraphs).

With five players left in the Pot Limit Omaha tournament, I was average in chips and the leader was Tom McEvoy, who happened to be the reigning World Champion of Poker at the time. Noted author David Sklansky was also still there as well as a high-stakes Pot Limit Omaha player named Bill Bennett, the eventual winner.

McEvoy was playing extremely aggressive, too much so for Pot Limit Omaha, in my opinion. Even though he was the World Champion at No Limit Hold’em, I wasn’t convinced he played Pot Limit Omaha that well. Tom was raising nearly every pot and once again raised the max pre-flop. I was on the button and picked up a nice hand, A-K-Q-8 (A-Q of diamonds, K-8 of Clubs). I called, as did the big blind. The flop was Q-8-3 with two hearts and one club. The big blind checked and McEvoy led out and bet the pot. I was contemplating raising and going for it all right there. McEvoy must have sensed it because he blurted out, “If you raise it, I’m going to put you all-in.” After that statement, I decided to go with this hand for sure. So I then said, “Well, I guess you’re going to put me all-in then, because I’m raising it!” I raised, the big blind folded, and true to his word, McEvoy set me all-in. I can still remember how much my heart was pounding when I called him.

I was shocked and thrilled when he turned up his hand. He had a 3-4-5-8 and no heart draw! Yippee!! I had the top two pair and he had the bottom two pair. Then it happened - a seven came on the turn and a six on the river. Wham! Bam! He made a straight and won the pot. Instead of me being the chip leader, I was out. I won’t forget that hand as long as I live. That bracelet could/should have been mine!

Even with all the pain, I love the WSOP. I like that, for the first time ever at the WSOP, there are no rebuys in any tournaments. I’ve always campaigned for that because I think everyone should have an equal chance to win a bracelet. Rebuy tournaments are not equal to everyone; they favor the deep pockets.

Sadly, I must say that I can’t believe the $50,000 HORSE tournament is not being televised this year. In my opinion, this is a poor decision and not good for poker. And even though they’re doing it again, I still think it’s a bad idea to put the Main Event final table four months down the road. Whether or not I like the final table in November, however, you can be sure of this: If I’m breathing, I’ll be playing in the Main Event. Needless to say, it would be a dream come true to get to that final table. If it happens, I hope to meet you there! (Credit: Poker News Daily)

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Monday, June 29, 2009

PartyGaming to build first grassroots poker team; Signs Ian Fraser - 26th June 2009

PartyPoker is to create its first ever grassroots poker team to compete at major poker events.

PartyPoker.com has previously stayed out of the player sponsorship market with the exception of main site ambassador Mike Sexton, but has sponsored UK player Ian Frazer as the new team’s first member.

A PartyPoker.com spokesman said: “The sponsored player and grassroots team initiative will continue to grow, with all VIPs reviewed for suitability. We are looking for players that have shown themselves to have star quality in their play but who are also fun, humorous and possess a strong character and willingness to co-operate. Our extensive international television distribution gives players the chance of brilliant exposure.”

VIPs, loyal players and players with historic links to PartyPoker will form the basis of the team.

Ian ‘The Raiser’ Frazer, a 50-year-old building contractor from London with live tournament winnings of over US$1.3m, started playing online at the site in 2004, and has finished on the final table of five offline Party tournaments.

Frazer will host invitation-only private tournaments on PartyPoker.com and represent PartyPoker.com at events at the World Series of Poker (WSOP) in Las Vegas, on which he has started blogging on the PartyPoker blog.

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How Internet Gambling is Keeping Wall Street Rich - Gambling911 - 28th June 2009

Using skills honed on the Street, he's turned poker into just one more exotic financial transaction. Now, though, instead of commuting to midtown Manhattan in a suit, he flies to Las Vegas for million-dollar tournaments or sits at home in boxer shorts, playing five online tables simultaneously. "Some friends have told me that my greatest trade ever was Lehman for poker," Pahuja says. "Other people act kind of snide about the fact that I gamble for a living. I shrug it off and tell them that I must be doing okay since I'm not one of the guys out there looking for a job. I'm making more money at poker than I could make on Wall Street right now."

It's not just the recently unemployed who've moved from monitoring interest-rate fluctuations on Bloomberg terminals to searching out games on Full Tilt-it's guys who still have jobs but are looking to make up for the shortfall in their once-hefty bonuses. One hedge-fund trader, who competes under the name chosenpromise, is compensating for a withered paycheck by playing high-stakes Texas Hold'em. "There is not as much immediate upside on Wall Street as there used to be," he says. "After things got bad I upped my poker hours significantly."

Though some ex-Wall Streeters prefer taking risks with other people's money, Pahuja enjoys putting his own on the line, believing that playing poker taps into his entrepreneurial side. Besides, with their shared reliance on probability, psychology, and swagger, playing the market and playing cards have always been two sides of the same coin. And in an era when an entire cohort of Ph.D.-level quants have been discredited as speculative fools, risking next month's car payment on a bluff seems like a perfectly reasonable application of statistical expertise. "More than ever before, I'm seeing a lot of my guys playing online poker," says Jin Zeng Joshi, a vice president at Dynamics Associates, a Manhattan-based executive-recruiting firm that focuses on the financial industry.

The perceived correlation between playing cards and trading stocks is so strong that when the markets were booming some managers even looked favorably on potential employees with poker chops. Trainees at the investment firm Susquehanna International Group are given Getting the Best of It, a book on gambling technique by David Sklansky, as assigned reading. On the other hand, Wall Street skill sets are hardly guaranteed to be transferable; the wolves of Vegas are more than happy to take on players from mathematical and financial backgrounds. Chosenpromise, who's the most seasoned of the players interviewed for this story, considers a million hands played to be the test of time. He's hit that number and has emerged as a big winner.

The high odds against major-league success haven't dampened the enthusiasm of 26-year-old Dante Conti. He recognized the parallels between the game and money management soon after his division got axed from Bank of America's Los Angeles office early this year. Looking to unwind after the trauma of being fired, he went to Las Vegas for a weekend. A couple of his friends are professional poker players, and Conti took notice. "Poker seems easy compared to investment banking," he says. "Reading people's betting styles and knowing what to do against them, it all came to me pretty naturally."

Conti spent the next few weeks playing $500 single-table poker tournaments for three to five hours a night, and developed a winning habit. He's found a new job in finance, but continues to play online poker at night. "Weirdly," he says, "considering all that's happened, there seems to be way less uncertainty in poker than there is on Wall Street." (Credit: Gambling911)

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Thursday, June 25, 2009

Cast of characters ready to entertain, by Joe Hachem - Fairfax - 20th June 2009

The world of professional poker is full of interesting characters, baby-faced maths whizzes, gnarled veterans, clowns, bombshells, good guys and villains.

It doesn't surprise me that the popularity of televised poker continues to grow. When you're not worried about your own hand, a live tournament is great entertainment - sweeping highs, crushing lows and nail-biting tension at every turn. As with all great TV, though, the real entertainment comes down to the characters.

From players looking to make an entry onto the main stage to the stalwarts who have a lot to teach, the following are some of players to watch during this year's World Series of Poker.

THE INTERNET WONDERKID - TOM "DURR" DWAN

An absolute internet phenomenon, 22-year-old Dwan has been training in poker online since he was 17. His earnings from online games last year are rumoured to be close to $US5.5 million - a phenomenal result for the young player, but how will Durr handle the pressure of facing off against some of the best in the world face to face?

Watch him to: See if the internet wonderkid translate his online success live wins.

THE STEADY CHAMP - DANIEL "KID POKER" NEGREANU

Don't let his baby face fool you, Team PokerStars PRO Negreanu has been making waves at the World Series since his debut in 1997. Negreanu coaches some of Hollywood's biggest stars, including Spiderman's Tobey Maguire, and has recently starred in X-Men Origins: Wolverine and Katy Perry's new video clip. Not just a famous face, Negreanu is one of the game's great strategists, and has penned several books and articles on the science behind his play.

Watch him to: See a consistent strategist in action.

THE TEACHER - GRANT LEVY

Sydney teacher Grant Levy is one of the most likeable local guys on the international poker circuit. A virtual unknown until 2007, the western suburbs boy rocketed to prominence after beating out myself, Greg Raymer, Chris Moneymaker and 550 other players to pocket nearly $1m at a 2007 Asia Pacific Poker Tour. A good humoured guy at the table, Grant can always be counted on to place well in tournament and provide a bit of Aussie pride.

Watch him to: Cheer on the home side.

THE MATHEMETICIAN - MARK VOS

Another young Australian player to watch, Vos is a mathematician rather than a physical or psychological player. The former Mathematics Olympiads champion excels at the calculations behind the cards. Vos is fascinating to watch as he continues to improve his live game play, bringing his physical skills up to the standard of his mental gymnastics. Watch him to: Learn how to play the numbers.

THE TIGER WOODS OF POKER - PHIL IVEY

Phil Ivey is generally recognised as one of the best all-round poker players on the circuits. Well versed in all forms of poker, Ivey has already scored two bracelets this WSOP, making him the sixth-highest bracelet winner of all time. All eyes are now on the master to see whether he can score another and match his 2002 record-breaking haul of three WSOP bracelets.

Watch him to: See history in the making.

Until next week, Pass the Sugar! (Credit: Fairfax)

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Monday, June 22, 2009

Intabill Manager Tzvetkoff Sued By Full Tilt For $52 Million, by Earl Burton - Poker News Daily - 16th June 2009

The latest development in the Australian company Intabill’s problems with online poker companies occurred today with a report in the Australia Courier-Mail that Kolyma Corporation AVV has filed a $52 million lawsuit against the company.

Back in May, it was reported in the same Australian paper that Intabill – a payment processing company which created and managed by internet entrepreneur Daniel Tzvetkoff – owed over $30 million to four different online poker sites. Intabill built much of their business through processing payments for major online poker rooms such as PokerStars, Full Tilt Poker and the CEREUS Network (the combination of Absolute Poker and Ultimate Bet.) PokerStars and Full Tilt alleged that they were owed over a combined $25 million and the CEREUS Network tandem claimed the remainder of the $30 million.

The Kolyma Corporation lawsuit was filed soon after the original piece in the Australia Courier-Mail exposed the story. On May 25th, Kolyma’s court action was lodged in the Supreme Court in Brisbane. It named Intabill as one of the defendants alongside another Australian company, BT Projects. Tzvetkoff is also named individually in the court action along with his fellow developer of Intabill, Sam Sciacca, due to the fact that they personally guaranteed that Kolyma would receive the money that was due to them.

As one of the largest companies that works through Intabill, Kolyma is asking for a hefty amount of money through the Australian courts. Kolyma is seeking payment of an estimated debt of $43 million plus interest, which Kolyma says is increasing at $13,532 a day since the lawsuit was filed on May 25th. Tzvetkoff told Australia’s Sunday Mail they would defend the lawsuit but that he would not comment any further on the case.

Tzvetkoff and Sciacca have fallen from grace in a rapid fashion after building Intabill into a $120 million per year operation. The two men, after the creation of the company, found themselves on last year’s Sunday Mail Top 100 Rich List. Intabill, at its height of success, had more than 5000 customers in seventy countries. With half of its business coming from online gaming – including an alleged $150,000 per day in fees from one online gaming company alone – the daily take for the company could be as much as $1 million a day.

2009 has seen the company downsizing tremendously, however. In April, Intabill laid off 96 employees and only kept twenty to continue operation of the company. Tzvetkoff blamed the worldwide market conditions and increased loan funding costs for the reduction in size of the company. In May, Intabill then withdrew a multimillion-dollar sponsorship of the Team IntaRacing V8 Supercar team, which had only been announced a few months earlier.

The lawsuit that Kolyma has filed against Tzvetkoff, Sciacca and Intabill is in its infancy. Poker News Daily will continue to monitor the situation and report on any further action in the dispute. (Credit: Poker News Daily)

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PKR launches new website - 20th June 2009

Online poker room PKR.com has launched a new site that has not only a new look and feel but also debuts a host of new features. A year in development, the site focuses strongly on community and content.

Key features include:

An expanded MyPKR section

PKR's new poker strategy resource (Raise Your Game section provides all PKR players with free and unrestricted access)

In-depth online poker community

A host of new game and client developments.

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Sunday, June 21, 2009

Online Poker Reality Series 2 Months, $2 Million to Air on G4, by Dan Cypra - Poker News Daily - 19th May 2009

In August, cable station G4 will debut a brand new reality series following four online poker players trying to earn $2 million collectively in just two months. The show is appropriately called “2 Months, $2 Million” and will consist of 10 half-hour episodes.

Park Slope Productions brought “2 Months, $2 Million” to G4 executives. Laura Civiello, Vice President of Development for G4, told Poker News Daily about the network’s decision to green light the series: “There was something there that represented a lifestyle our audience is fascinated with. Every young guy wishes they could have this lifestyle, so it was very appealing to men ages 18 to 34, which is the majority of our demographic.” Filming is set to commence next week and the show will begin airing in August.

The group of four players who will vie to earn $2 million consists of Jason “pr1nnyraid” Rosenkrantz, Brian “Flawless_Victory” Roberts, Emil “whitelime” Patel, and Dani “Ansky” Stern. The latter final tabled the competitive PokerStars Super Tuesday in March and won the $30,000 Super Turbo Guaranteed in April. The two finishes were worth a combined $22,000. Patel nearly made the final table of a $5,000 buy-in No Limit Hold’em Six-Handed contest during the 2007 World Series of Poker, landing in eighth place for $83,000 in an event ultimately won by Bill Edler. Patel and Rosenkrantz are friends and recruited Roberts and Stern to join forces for the upcoming G4 show.

The four contestants will be wagering their own money, which Civiello believes adds an important dimension to the show: “It’s a huge challenge. That’s part of the fun of the show, watching them go on this incredible journey. For our audience, both the stakes and the lifestyle are the whole package. You want to come back to see if they win or lose.” The online poker world watched as the Bluff Poker Challenge played out in March on Lock Poker. The competition asked players to turn $200 into as much money as possible over the course of one month. In the end, Brian “SNo0oWMAN” Hawkins won, generating $25,000. In the G4 competition, each of the four players will need to earn an average of $500,000 over two months in order to reach their collective goal.

G4 held focus groups of its viewers to gauge interest in airing “2 Months, $2 Million.” Civiello explained that the “high risk, high reward” component of online poker was one of the leading drivers of its popularity among men ages 18 to 34. G4 penetrates into 65 million households nationwide, where it airs on varying tiers of cable service. Civiello explained, “We’re definitely aiming at the guys who are plugged in. This is the first generation that has grown up with the internet. It’s changed the way they’ve socialized. Culturally, it gives them a new way of looking at things.” G4 is owned by Comcast, which also manages E!, The Style Network, and FEARnet. Comcast is based on Los Angeles and provides telephone service, cable television, and high-speed internet.

Executives at G4 discussed the legal ramifications of airing a show surrounding online poker prior to giving it the go-ahead to film next week. Despite murky laws like the Unlawful Internet Gambling Enforcement Act (UIGEA) on the books, Civiello told Poker News Daily that the topic was well-researched: “We vetted the concept through our legal department because there is a lot of confusion around this. You have people introducing legislation to completely ban online poker and you have people introducing legislation to allow it. It’s something we looked into.” The G4 venture will mark one of the first times that online poker has ever been featured on television. One of the most recent occurrences was in November, when CBS News program “60 Minutes” investigated the scandals on Ultimate Bet and Absolute Poker.

Other new shows in the works from G4 include “Web Soup,” a spin-off of the popular E! series “The Soup.” The show will chronicle viral videos and humorous web happenings each week. It’s hosted by Chris Hardwick and premieres June 7th. G4 is also planning a clip show about “sexy women around the world,” according to Civiello. Viewers can expect to see everything from Lithuanian honey wrestling to a wild Italian beauty pageant.

Be sure to tune into G4 in August for the debut of "2 Months, $2 Million." (Credit" Poker News Daily)

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Saturday, June 20, 2009

Leonardo DiCaprio to Star in Online Poker Movie, by Dan Cypra - Poker News Daily - 16th June 2009

Move over, “Titanic,” there’s a new sheriff in town. Hollywood heartthrob Leonardo DiCaprio will star in an untitled film about internet gambling outfits in Costa Rica, according to the Hollywood Reporter and Entertainment Weekly.

The screenplay will be written by Brian Koppelman and David Levien, who both served in the same capacity in the 1998 film “Rounders,” which turned many of today’s poker prodigies onto the game. According to the Internet Movie Database (IMDB), “Rounders” marked the first official writing credits for Koppelman and Levien. The duo has also teamed up with DiCaprio to bring “Beat the Reaper” to the big screen. The film, which will be released next year, has the following plot according to IMDB: “ER doctor Peter Brown’s life is turned upside down when he crosses paths with a mobster who appears to know him from his former life as a hitman.”

No release date has been given for DiCaprio’s online poker movie. An article on MTV.com noted that DiCaprio’s plate is quite full: “DiCaprio has an enormous list of films in pre-production. For the time being, at least, he’ll be working on Christopher Nolan’s ‘Inception.’ Whenever he’s finished with that, he will probably have developed five more projects.” IMDB notes that DiCaprio has 21 films in development.

Whether the film will focus on online poker, casinos, or sports betting remains to be seen and various websites pitch the movie in several different ways. Tokwiro-owned online poker rooms Ultimate Bet and Absolute Poker are both based in San Jose, the Central American country’s capital city. A report by CBS News program “60 Minutes” identified the offices of the sites as being located in a “strip mall.” Both Ultimate Bet and Absolute Poker comprise the CEREUS Network, which was formed in November.

Action Poker, the flagship site of the network of the same name, has offices in Costa Rica. Joining the site in the tropical nation is Doyle’s Room, which opened the 2009 calendar year by jumping to the USA-friendly Cake Poker Network. Ten-time World Series of Poker (WSOP) bracelet winner Doyle Brunson, whose “Texas Dolly” moniker has made him one of the industry’s foremost faces, is the site’s namesake. Also holding a presence in Costa Rica is PokerStars, the world’s largest online poker site. According to PokerScout.com, which ranks online poker site traffic, PokerStars has a seven day running average of 22,000 cash game players. It happily accepts customers from the United States.

“Rounders” starred Edward Norton and Matt Damon. The movie was released five years before Chris Moneymaker became a household after the Tennessee accountant defeated Sammy Farha in the 2003 WSOP Main Event. Since then, Koppelman and Levien have kept their love for poker alive, teaming up for ESPN’s short-lived series “Tilt,” which starred Michael Madsen as Don “The Matador” Everest. “Tilt” premiered in 2005, ran for one season, and featured appearances by poker superstars including Phil Hellmuth, Daniel Negreanu, Erik Seidel, and T.J. Cloutier. Negreanu is fresh off a cameo in “X-Men Origins: Wolverine.”

Finally, Koppelman and Levien wrote “Oceans Thirteen,” which came out in 2007. It was the third installment of the franchise, which stars Damon, Brad Pitt, George Clooney, Andy Garcia, and Julia Roberts. “Oceans Thirteen” returned to its roots in Las Vegas as the team sought revenge on casino owner Willy Blank (played by Al Pacino). The movie also stars Don Cheadle, who founded Ante Up for Africa along with Norman Epstein and “Celebrity Apprentice” runner-up Annie Duke.

We’ll have more information for you on DiCaprio’s online gambling movie as it becomes available right here on Poker News Daily. (Credit: Poker News Daily)

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Wednesday, June 17, 2009

Roman's ships are down, by Graeme Leech - The Australian - 7th May 2009

Russian billionaire Roman Abramovich has lost one of his yachts in a game of poker. Poor form for a whale; he did not, as Kerry Packer would have, call double or nothing. Abramovich's yacht collection is worth hundreds of millions and has been dubbed the Roman Navy by the British press, which follows his every move because he owns the Chelsea soccer club. So he can afford one $US500,000 yacht. Strewth's Packer reference comes from an anecdote that could be a casino myth. Packer was playing blackjack in Las Vegas when another gambler began boasting about his ranch. To silence the man, Packer is reputed to have said: "Toss you for it." (Credit: The Australian)

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Monday, June 15, 2009

Daniel Tzvetkoff hit with $52m lawsuit, by Daryl Passmore - The Sunday Mail - 14th June 2009

Queensland's baby-faced internet tycoon Daniel Tzvetkoff is being targeted in a $52 million legal action by an online gambling firm.

The lawsuit is the latest in a series of blows in recent months for the 25-year-old who first hit the headlines last year when he bought the state's most expensive home, spending $27 million for an unfinished beachfront mansion on the Gold Coast.

Mr Tzvetkoff is the brains behind an online billing, payments and fraud-detection system which helped him and partner Sam Sciacca, 38, build a business empire worth an estimated $120 million in last year's The Sunday Mail Top 100 Rich List.

Their firm, Intabill Inc, is now being sued by Kolyma Corporation AVV for payments which Kolyma says were not passed on.

The corporation, based in the former Dutch colony of Aruba in the southern Caribbean, operates Full Tilt Poker, one of the most popular and lucrative online gambling sites.

It was one of the biggest clients of Intabill, which is based in the Brisbane suburb of Milton.

Kolyma is seeking payment of an alleged debt of $US43 million ($A52.75 million) plus interest, which it claims has been increasing at $US13,532 a day (about A$16,590) since May 25.

The action, lodged in the Supreme Court in Brisbane on May 25, names as defendants Intabill, which is registered in the British Virgin Islands tax haven, and the Australian-registered holding company BT Projects. It also targets Mr Tzvetkoff and Mr Sciacca individually, saying they gave a guarantee to pay Kolyma money claimed to be owed.

Mr Tzvetkoff told The Sunday Mail they would defend the lawsuit "but I can't comment further".

Mr Sciacca could not be reached for comment.

Intabill had more than 5000 customers in 70 countries. It is understood that about half its revenue came from business linked to online gambling operations, with fees from just one operator topping more than $150,000 per day.

In April, Intabill laid off 96 employees - keeping about 20. Mr Tzvetkoff blamed market conditions and increased loan funding costs.

In May, Intabill withdrew a multimillion-dollar sponsorship of the Team IntaRacing V8 Supercar team, announced only months earlier.

Asked on Friday about the current state of his businesses, Mr Tzvetkoff said: "We are continuing to work to rebuild during these tough times."

Mr Tzvetkoff was raised in Brisbane's southern suburbs by a school teacher mum and a father who runs weekend markets.

Benefiting from the boom times of his business, he drove a black Lamborghini Gallardo with the number plate BALLER and owned a Ferrari 599, an Audi S6, Range Rover and a Ford GT40. He had a luxurious boat and used chartered private jets.

He is a part-owner of the Zuri Lounge celebrity nightclub in Brisbane's Fortitude Valley.

It is understood the boat and most of the cars have been sold.

A year ago, Mr Tzvetkoff emerged as the mystery buyer of the $27 million half-built mansion on "millionaire's row" at Hedges Ave, Mermaid Beach, which was formerly owned by tourism tycoon Tony Smith.

The property, spread over four waterfront lots, was to be a family home for Mr Tzvetkoff, his fiancee Nicole Crisp and their son Hugo, now aged two. They planned to marry last October and move in late last year. But the wedding was postponed because Mr Tzvetkoff said he was too busy with business commitments.

The Hedges Ave property is still unfinished and they have not moved in yet.

"At the moment we are on hold," Mr Tzvetkoff said yesterday.

Salvatore "Sam" Sciacca is a lawyer with a background in commercial and corporate work, including e-commerce.

He is a cousin of former federal minister for veterans' affairs Con Sciacca, and has kept a much lower profile than Mr Tzvetkoff. (Credit: The Sunday Mail)

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Saturday, June 13, 2009

United States Federal Government Freezes $30 Million in Online Poker Funds, by Dan Cypra - Poker News Daily - 9th June 2009

Over $30 million belonging to at least 24,000 online poker players has been frozen by the U.S. Attorney for the Southern District of New York, according to statements released by the Poker Players Alliance (PPA) and Associated Press.

The seizure of funds, according to the PPA statement, is a result of violations of the Wire Act of 1961 and the Illegal Gambling Business Act. The former has traditionally applied to online sports books. A Southern District judge issued a warrant for “an account at a Wells Fargo bank in San Francisco and a federal prosecutor told a bank in Arizona to freeze an account,” according to the Associated Press. On June 4th, a total of $19 million was frozen in banks in Scottsdale and Los Angeles and, as the PPA explained, “It is important to underscore that in at least two cases, the prosecutor acted and the banks responded without a warrant being issued.”

None of the Southern District Court’s actions appear to come as a result of the Unlawful Internet Gambling Enforcement Act (UIGEA), which was passed in the waning moments of the 2006 Congressional session at the urging of then-Senate Majority Leader Bill Frist (R-TN). The PPA released a statement late Tuesday afternoon noting, “The PPA is disappointed that this unprecedented action has been commenced against law abiding poker players. The payment processor funds frozen by the Southern District of New York belong to individual poker players – not operators of poker websites – and do not represent the proceeds of any gambling activity, much less illegal gambling activity.”

Assistant U.S. Attorney Arlo Devlin-Brown sent a letter on Friday to Alliance Bank of Arizona calling for the seizure of accounts held by the payment processor Allied Systems. In response, the PPA sent a letter yesterday to the Assistant United States Attorney for the Southern District Court requesting to be involved in the process going forward. The PPA has over one million members in total and is fresh off a victory in Minnesota, where the state’s Department of Public Safety rescinded an order to block access to 200 internet gambling domain names by its residents.

The PPA added that the organization has been in contact with the online poker sites whose checks have bounced and has been told that all players will be reimbursed. A member of the Poker News Daily staff received a check from PokerStars dated June 1st backed by a bank in California that cleared three days later without incident. PokerStars currently offers eChecks for depositing and withdrawing. Paper checks are the site’s only other method of cashing out for players from the United States. Paper checks are available for all denominations and sent by first class mail or courier service within 15 business days. Full Tilt Poker also offers eChecks.

According to the Associated Press, a federal prosecutor claimed that the funds in question were seized “because they constitute property involved in money laundering transactions and illegal gambling offenses.” When prompted for comment by Poker News Daily, PokerStars Press Office Donna McLoughlin responded, “PokerStars has not made any comments on this matter thus far. I don’t have any more information for you, I’m afraid.”

Meanwhile, members of the online poker community are reacting to the news. On PocketFives.com, one poster expressed his outrage at the lack of a clear response from PokerStars, the world’s largest online poker site: “The payment processor where I got my Stars check from is part of this. Stars won’t really give me a straight answer.” Rich “TheEngineer” Muny commented on the same forum, “PPA will stand strong here. We have a nice record to date of winning in courts and we’re not planning to start losing now.”

In 2007, a similar occurrence involved Neteller. In July of that year, the company reached an agreement with the United States Attorney’s Office for the Southern District of New York to return frozen money to players. Approximately $60 million was seized; Neteller quickly exited the U.S. market and agreed to pay a $136 million fine. In January of 2007, Neteller founders John LeFebvre and Steve Lawrence were arrested on U.S. soil, which set off the funds seizure.

Stay tuned to Poker News Daily for the latest on this breaking news story.

Poker News Daily columnist Sean Gibson contributed to this report. (Credit: Poker News Daily)

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Wednesday, June 10, 2009

PARTYPOKER.COM AND PARTYCASINO.COM LAUNCH NEW GLOBAL CAMPAIGN

PARTYPOINTS STORE TO BE IMPROVED AT END OF JUNE

Gibraltar – 9th June 2009 – An exciting new global campaign has been launched for both PartyPoker.com and PartyCasino.com.

Extensive worldwide customer research helped PartyPoker.com and PartyCasino.com develop a new proposition and this is delivered through the new strapline ‘Feel it’. The research identified ‘it’ as the intense rush as the river card is turned or the wild anticipation as the roulette wheel begins to slow. In fact ‘it’ is something different to every player and with its range of new games, promotions and tournaments PartyPoker.com and PartyCasino.com are constantly innovating to deliver the best customer experience in online poker and casino.

The campaign will roll out on TV, online, billboards and in press in territories worldwide. At the heart are thrilling TV commercials for both PartyPoker.com and PartyCasino.com that show players caught up in a whirlwind of excitement. The whirlwind captures the journey of the game for poker and the fun and excitement of casino as players enjoy the games in a virtual world. The campaign also sees the introduction of a redesigned logo.

The television advertisements were filmed on the biggest stage at the famous Shepperton Studios in the UK where so many blockbusters including the Bond movies are shot. All the action was overseen by Hollywood film director Paul WS Anderson - his experience in directing Event Horizon, Resident Evil and Alien versus Predator was key to delivering the action packed footage. A look at the tv ads can be found at http://www.partypoker.com and http://www.partycasino.com

The campaign was created by Leeds based agency Home, in conjunction with PartyGaming’s in-house team.

A PartyGaming spokesman said: “The new campaign has gone global and you will already see the brand changes when you log on to PartyPoker.com and PartyCasino.com. PartyPoker.com has just launched the Million Dollar Hand promotion for June, while PartyCasino.com is the world’s largest online casino and is continuing to expand at a rapid pace. The Gold Mega Jackpot at PartyCasino.com currently stands at just over a record breaking $2,281,000 and is waiting to be hit!”

At the end of June, PartyPoker.com will be improving the PartyPoints store. Customers are advised to hold on to their PartyPoints until then to make the most of the changes that will be introduced. See http://www.partypoker.com for more details.

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Tuesday, June 09, 2009

Poker warning for pubs - ABC News - 19th May 2009

The Australian Hotels Association (AHA) says pub owners need to be aware of the legalities of running poker games.

AHA general manager Ian Horne says the Adelaide Casino has raised the issue from a commercial perspective, questioning if the games are legal.

Mr Horne says he understands free games run in pubs are legal, but venues should be careful of offering games involving cash.

"We're simply saying don't take the advice of the promoters, because if there is a prosecution, the promoter doesn't get prosecuted, the venue gets prosecuted," he said.

"So hotels and clubs that are going to have this buy-in poker, which is where cash is involved, they really need to take their own independent legal advice to assure themselves that they're not breaching any laws."

Clubs SA says it is not aware of any of its members running the cash buy-in games.

Clubs SA deputy president Bill Cochrane says poker games are run purely as free entertainment, not as a money-making operation.

"We would be very disappointed if there was any club participating in this type of game," he said.

"As an association we've reminded all our membership of their responsibility in regards to compliance to their operations with this type of tournament, we've stressed that there shouldn't be any buy-in games operating in any club in this state." (Credit: ABC News)

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Tuesday, June 02, 2009

Seidel Endorsement Of Sexton - Final Table Set At PartyPoker.com Sports Stars Challenge IV

Poker Legend Erik Seidel On Mike Sexton

Final Table Set At PartyPoker.com Sports Stars Challenge IV

Poker legend Erik Seidel’s endorsement of Mike Sexton for induction into Poker’s Hall of Fame.

“Next up should be Mike Sexton. He has some impressive accomplishments as a player, he won the Tournament of Champions in 06', the European Heads Up, and is one of the leaders in WSOP cashes including one bracelet. If I'm not mistaken he also won the 1st 10k event at Foxwoods as well. I can't think of anyone though who has contributed more to the growth of the game then Mike and that's why he should be the next inductee. As the WPT's announcer he is the guy who introduced no limit poker to millions of people, and who explained it in a way that drew them in and got them interested. I meet people all the time who don't even play poker but watch the WPT because he manages to keep it exciting for everyone. People can tell his enthusiasm is real, Mike loves poker and fortunately is able to translate that for the viewer. He deserves huge credit too for the growth of the online game. As a consultant for PartyPoker he helped the online game get started and helped Party create the biggest poker site in the world. Party was just another poker site until Mike's commercials on the WPT started running, then overnight the numbers doubled, tripled and very quickly they became the largest site poker has ever seen. He is one of the best ambassadors poker has ever seen and I hope he is on deck for admission in 09’.”

You can vote for Mike now at: http://www.worldseriesofpoker.com/pokerhalloffame/halloffamevoting.asp

London – 1st June 2009 – The final table is set at the http://www.partypoker.com Sports Stars Challenge in London. Sports stars, both past and present, have taken their seats in the hope of being crowned the ultimate sporting poker champion in the strongest and most international line-up to date. For the first time in the Matchroom Sport organised event’s history there were heats for motorsport professionals, top golfers and an online qualifier element. Live reporting can be found at: http://www.matchroompokerforum.co.uk

The final table features three online qualifiers in the form Scott O’Reilly, Jason Brennan and Paresh Patel. They join England rugby union star Henry Paul, Germany’s European Championship football winner Thomas Helmer, Irish boxing legend Dave ‘Boy’ McAuley and popular French golfer Jean Van De Velde.

O’Reilly is a member of PartyPoker.com’s VIP club http://www.palladiumlounge.com and came through a high octane motorsport heat that featured F1 icons Giancarlo Fisichella and Jacques Villeneueve. Previously he ran deep in the WSOP Main Event in 2006 winning over $165,000 as a PartyPoker.com qualifier. Jason Brennan, a 34-year old unemployed road builder from Holloway, London found his way to the final table after chinning darts legend Phil ‘The Power’ Taylor in his heat. Paresh Patel is 42 years-old from Blackpool and got to play with football heroes and took out French World Cup winner Frank Leboeuf heads-up in his heat.

A PartyPoker.com spokesman said: “ 140,000 people overall took part in the special Sports Stars Challenge freerolls online and three players have made the final table. A number of the sports stars have shown they have real game when it comes to poker with Ronald De Boer and Giancarlo Fisichella, in particular, showing solid aggressive games. Both were unlucky not to make the final table.”

Amongst the other sports stars who were knocked out in the heat stages included 2008 European Ryder Cup team member Graeme McDowell and Sam Torrance. Footballers included Romania’s Florin Radiciou and Denmark and Liverpool legend Jan Molby. The boxing tear-up featured Germany’s former unbeaten World Champion Sven Ottke, while the rugby heat didn’t prove fruitful for union’s former France and Wasps captain Raphael Ibanez.

PartyPoker.com players had the chance to win a seat through a freeroll in the sports heat of their choice. The sports were football (two heats), rugby (union and league combined), motorsport, boxing, darts and golf.

The winner of Sports Stars Challenge I was former rugby union star Austin Healey, while the second instalment saw victory for Irish snooker champion Ken Doherty. Last year’s winner was television presenter Kara Scott, who used the tournament as the starting point for a breakthrough successful year on the circuit that also included big cashes at the WSOP Main Event and Irish Open. Scott won £20,000 after defeating Manchester United football legend Norman Whiteside heads-up. There is no presenter heat in the new format this year.

The winner of each of the seven heats will take their seat at the final table, where seven players will battle it out until one of them walks away with the title. Each player sits down with 2,000 chips with the heat winner getting £7,000. The overall winner receives £20,000 with second getting £10,000 and third receiving £5,000.

Coverage of the event will be aired in the UK later this year on Sky Sports and then distributed internationally. Jesse May leads the commentary.

PARTYPOKER.COM SPORTS STARS CHALLENGE IV FINAL TABLE – London – 29th May – 1st June

SEAT 1 – JEAN VAN DE VELDE (GOLF)

SEAT 2 – DAVE MCAULEY (BOXING)

SEAT 3 – JASON BRENNAN (ONLINE QUALIFIER DARTS)

SEAT 4 – HENRY PAUL (RUGBY)

SEAT 5 – THOMAS HELMER (FOOTBALL)

SEAT 6 – PARESH PATEL (ONLINE QUALIFIER FOOTBALL)

SEAT 7 – SCOTT O’REILLY (ONLINE QUALIFIER MOTORSPORT)

World Series of Poker”®, “WSOP®” and “WSOPE”® are registered trade marks of Harrah’s License Company LLC. No license, affiliation, sponsorship, or endorsement is claimed, or should be inferred from the use of these trademarks here. PartyGaming is not licensed by or otherwise affiliated with Harrah’s License Company LLC or the World Series of Poker®, in any way.

For more information e-mail Warren Lush warrenl@partygaming.com +34656236600

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Friday, May 29, 2009

Daniel Tzvetkoff falls back to earth with a thud, by James Mccullough - The Courier-Mail - 25th May 2009

Barely a year up-and-coming entrepreneur Daniel Tzvetkoff was the Gen Y version of author Tom Wolfe's "Master of the Universe".

For, like Sherman McCoy, Wolfe's central character in his masterful 1987 book about financial high-flyers, Bonfire of the Vanities, Tzvetkoff had everything.

Today, however, the company he majority owns owes about $30 million to online US poker houses.

And if the recent disposal of some of his assets is a guide, he's had a harsh reality check.

Mr Tzvetkoff hit the headlines last year after the mysterious 24-year-old internet entrepreneur had shelled out an impressive $29 million to buy tourism entrepreneur Tony Smith's palatial mansion at Hedges Ave on the Gold Coast.

He drove a Lamborghini with the number plate "baller", owned a massive boat, chartered impressive jets, opened his own Fortitude Valley nightclub, Zuri, sponsored a V8 supercar racing team – and was busy amassing property and doing interesting side deals.

In between driving the Lambo he got around in a Ferrari 599, an Audi S6, a Range Rover and a Ford GT40. During regular trips to Las Vegas, where he is rumoured to have a house, he was again spotted in a Lambo.

Mr Tzvetkoff is young and good looking. He loves fine champagne and had a penchant for the very high life, although deep down he is a boy from Ipswich with Bulgarian parents.

In some IT sectors he was and still is described as a genius who created an enviable business through his main Australian company Intabill, based in Brisbane's inner-west suburb Milton, of which he owns a two-third's share and is managing director.

That company is owned by BT Projects Pty Ltd, whose three shareholders are listed as Tzvetkoff, local lawyer Sam Sciacca and an Alberta, Canada-based company called Rendel Investments.

In recent times Mr Tzvetkoff's business has come back to earth with a thud. A few weeks back Intabill sacked 96 staff from its Milton head office. At the time Mr Tzvetkoff blamed the global economic crisis and said he was refocusing his company. Barely a dozen staff remain at Milton.

His prized Lamborghini and other flash European cars have now gone. His Hedges Ave mansion is believed to be back on the market.

The Courier-Mail understands Tzvetkoff has been personally contacting potential buyers of the property.

Ray White's salesman Michael Kollosche, who handled the original sale, said he had not received any instructions to resell the property.

"As far as I understand it, he is hoping to finish the renovations and move into the property in the next few months," Mr Kollosche said.

Mr Tzvetkoff told The Courier-Mail on March 17 that the house would be completed in "about three or four weeks" but work on the property now seems to have slowed.

The house, bought for $29 million, had a $19 million mortgage over it through National Australia Bank but was remortgaged in recent months.

An apartment he also owns on Hedges Ave at Mermaid Beach – the Coast's "Millionaire's Row" – went to auction last week but did not sell.

The boat of about 27m is moored at the Gold Coast and up for sale. The latest leased jet has been left on the tarmac at Las Vegas.

"Basically everything is for sale," one Intabill insider revealed last week.

Mr Tzvetkoff and his business partner Mr Sciacca had signed a contract for more than $20 million to buy their office headquarters on the corner of Coronation Drive and Cribb St, Milton, from the Becton Group. But whether that contract will settle is now not certain.

So how could things have turned for the worse for a young man in a hurry with some great ideas, huge piles of cash and a solid group of talented followers?

In its early days Intabill claimed to be one of the world's top 10 online payment processors, enabling more than a million transactions a month between websites, customers and banks. It originally had more than 5000 clients, mostly in Europe and North America, from online gambling and travel websites to airlines and global banks.

About 50 per cent of Intabill's business relates to online gambling, with the balance a fair spread between online ticketing, travel and the like.

Funds were sent to online poker houses often via a processing company or an intermediary – a Salt Lake-based independent company called Impact. Today Intabill owes four of the largest online poker sites in the world about $30 million.

The figure was higher but asset sales and "arrangements" put in place by Intabill and the sites reduced some of the debt.

About $25 million is owed to the largest online poker site, the Isle of Mann domiciled Poker Stars – which operates out of North America, run by the powerful Isai Scheinberg – and Full Tilt Poker, based in Dublin but also run out of the US.

Mr Scheinberg is believed to be worth more than $US1 billion ($A1.28 billion) and his so called poker stars, include the likes of actor Jason Alexander (Seinfield), author and part time poker player Anthony Holden, Brazilian auto racer and team owner Gualter Salles and Darus Suharto, who made the final table of the 2008 World Series of Poker Main Events.

Another $3 million is owed to Absolute Poker and a further $2 million to Golden Palace, a casino and online poker group.

It's understood Impact became increasingly anxious about funds owed and pulled the plug on Intabill's processing operation.

Other insiders blame the loss of customers on increased "charge backs" – or R10s as they are called in the trade – where consumers complain about their credit card or direct debit charges.

It's understood Intabill's charge backs were very low in some areas and reasonably high in others.

Last month when Intabill slashed its staff numbers, Mr Tzvetkoff blamed challenging market conditions and the increased cost of funding loan products.

Mr Tzvetkoff pointed out that – as experienced already by the likes of GE Money – the cost of funding in wholesale markets has dramatically increased in the present volatile market conditions.

He said this has meant a planned diversification into lending products had been terminated.

"In recent weeks we have come to the realisation that diversifying in these difficult market conditions presents too many risks and challenges," he said.

"Hence we have decided to scale back our operation to focus on our core e-commerce processing platform."

Despite several phone calls and email requests, Mr Tzvetkoff did not respond to The Courier-Mail's request for an interview. (Credit: The Courier-Mail)

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