Wednesday, June 29, 2011

E-mail from Pokerstars

I have yet to investigate, but this leads me to believe that FullTilt is totally screwed:

We would like to bring your attention to the following two press releases:

PokerStars Official Statement, June 29 2011

In light of today's news that Alderney Gambling Control Commission has suspended Full Tilt Poker's license, PokerStars wishes to assure our customers that their funds are completely safe and that our operations are completely unaffected. The Isle of Man Gaming Commission today re-affirmed that PokerStars' worldwide licensing is intact and that our operations are in full compliance with all of its requirements. PokerStars' online operations continue as normal and all funds in players' accounts are safe and available for withdrawal as usual with no delays.

PokerStars also remains in full compliance with our licenses in other jurisdictions where we are regulated, including France, Italy and Estonia.

As provided under our licensing, PokerStars has always maintained the integrity and security of our players' funds, by keeping all such funds in segregated bank accounts, always available for immediate withdrawal.

Since the actions of US Department of Justice in April, we have returned more than $120 million to US players and continue to act upon requests as they are received. Players outside the US have not been affected and all cash-outs have been processed without delays. Further, PokerStars entered into an agreement with the Department of Justice which expressly confirmed the company's ability to operate outside the US.

We will continue to operate as a responsible corporate citizen and are committed to serving the needs of our customers in complete compliance with our regulatory requirements.

IOM Gambling Supervision Commission Statement, June 29 2011

The Isle of Man Gambling Supervision Commission wishes to make it clear that the licensing status of PokerStars in the Isle of Man remains unchanged following today's statement from the Gambling Control Commission in Alderney. Alderney is a separate jurisdiction from the Isle of Man and the operation in question is separate from PokerStars.

PokerStars continues to demonstrate compliance with its licence conditions in the Isle of Man. PokerStars continues to offer withdrawals to any players who wish to withdraw their funds, including players in the USAto whom PokerStars does not currently offer real-money gaming.

The official statement from the IOM Gambling Supervision Commission can be found here.

We would like to thank you for your continued support.

Best Regards,
The PokerStarsPartners Team

Sunday, June 12, 2011

Dear WSOP: I Miss You!

I looked a twitter today and saw a post from Phil Helmuth that he'd finished 2nd to John Juanda in the $10,000 NL 2-7 event at the WSOP. My first thought was "Holy shit the WSOP is already underway? I guess it's the middle of June. I am really out of touch!"

I've played 3-10 events at the WSOP every year for the past 6 years cashing at least once every year except 2007. This year Vegas is not in my plans and it's really hitting me how over my poker career feels.

The time I spent in Vegas every summer taking my shot at the big time was always the most hopeful time of year for me. Every tournament buy in was the chance to win hundreds of thousands or even millions of dollars and especially in the last few years I knew I was good enough to get the job done if I got a few breaks. I didn't need a Moneymaker miracle, just a few key hands to go my way and I could take care of the rest.

I'm missing that feeling of walking into the Rio with a roll of $100 bills so fat that I can't fit it into one pocket. I miss the feeling of making it to Day 2 after playing for 15 hours and sealing my chips in a tamper proof plastic bag. I miss the feeling of total calm that settles over you when you make the money and it's all gravy from that point on. I miss calling my backers to tell them the good news. A little piece of me even misses the soul crushing oh so long deep breath filled walk from the Amazon room back to my room at the Rio after getting busted.

I have no idea what the future holds for my WSOP career. Right now my bankroll is essentially zero. I burned off all buy a few thousand bucks paying bills during the 6 month transition between full time poker pro and full time Business Development Manager at HitFix. The rest has been absorbed into a standard bank account waiting to be spent on an unexpected car repair or some future vacation.

At this point I feel like there's a good chance that I won't play more than 1 or 2 events in the next 10 years and when I do play I'm probably going to be absolutely terrified.

Then again, maybe I'm not washed up just yet. As they say, there's always next year.

My WSOP 2023 Plans and Missions

After four and a half years working for StubHub I wrapped up my time there in March. I've been at the poker tables 3-4 days a week since...