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Lou Krieger Poker Blog

Lou Krieger has come a long way in the poker world. Well known as the co-author of Poker for Dummies, Lou has also written 11 best-selling books and more than 400 columns and magazine articles of poker strategy, and is the editor of Poker Player Newspaper. Catch Lou’s views, opinions and commentary on just about everything in the world of poker. Join Lou every Thursday at 9:00 PM ET on www.roundersradio.com, where he hosts the webcast show, "Keep Flopping Aces."

Monday, November 24, 2008

World Poker Tour Enterprises Folds Online Poker Room


World Poker Tour Enterprises, parent company of the World Poker Tour and WPT Online announced they are closing their online poker room, which operated as part of the Cryptologic network since 2007.
The site never achieved the liquidity needed to succeed, due primarily to some bad business decisions, the impact of UIGEA, and the general economic climate.
With the company's stock price at an all-time low, the decision to jettison an unproductive asset was almost a foregone conclusion.

Once Left For Dead, High Stakes Poker Returns for a Fifth Season


The Game Show Network (GSN) announced details about the upcoming fifth season of the popular series High Stakes Poker. This year’s minimum cash buy-in will be $200,000—the largest buy-in for an entire run of a television series. This amount highlights the 2009 season of a poker series that regularly features the richest cash games on TV.

Filming is set for December 19-21, 2008 at the Golden Nugget Hotel & Casino in Las Vegas, NV.
Henry Orenstein, the show’s executive producer said, “High Stakes Poker, by a wide margin, has become a must-see on GSN for poker players and poker fans all over the world. We are happy to bring back the top amateurs and professionals risking hundreds of thousands of their money in the new season.”

Past seasons have showcased some of the world’s top professional and amateur players, including the controversial Phil Hellmuth, the legendary Doyle Brunson, the charismatic Daniel Negreanu, Cirque du Soleil Founder and CEO Guy Laliberté, and 2006 WSOP Champion Jamie Gold.

Earlier this year High Stakes Poker was on life support, and looked all but dead. GSN halted production of the show and decided not to pick up the next season of the World Poker Tour. Announcers Gabe Kaplan and A.J. Benza weren't told what was happening and the show looked ready for last rites despite the high ratings it received year after year.But a few months ago GSN confirmed that a fifth season would take place, and everyone’s favorite TV poker show beat the odds and is coming back.

Matt Savage Named TD at Commerce


Veteran tournament director Matt Savage has been named to head the 2009 L.A. Poker Classic, which runs from Thursday, January 22 through Monday, March 2, 2009.

Savage is excited about managing the showcase event at the World's Largest Poker Room.
"My goal is to continue to improve on what is already one of the world's top-notch events and ensure it remains a world-class tournament," said Savage.

The search for a new L.A. Poker Classic manager began when longtime tournament director Cheri Dokken retired. Tim Gustin, casino manager at Commerce Casino, said management was looking for someone who already had a lot of experience handling large, high-profile, big-money events. Additionally, Savage brings a wealth of experience in handling televised tournaments, which will make for a seamless transition. Commerce Casino Development Manager John Griffo said Savage also possesses some personal traits that make him the perfect person to fill the slot left vacated by former tournament director Cheri Dokken.

"Savage has a reputation for running smooth, fair tournaments,” according to Griffo. “But he also oversees tournaments as if he was hosting a party. He is well liked and connects on a personal level with everyone. That is something L.A. Poker Classic players have become accustomed to at Commerce Casino, and I believe that will continue with Savage at the helm."

In 2001, along with Linda Johnson, Jan Fisher and David Lamb, Savage founded the Tournament Directors Association, an organization that works to standardize poker tournament rules all over the world. The TDA has become the worldwide standard for tournament rules and is now used in most major tournaments.

In 2002, Savage was invited to direct the World Series of Poker at a critical time. Over the course of three years, the main event prize grew from $6 million to $25 million. His tenure at the WSOP made Savage one of the world's top poker tournament directors, and in 2003 he earned the inaugural Benny Binion award for outstanding service in the poker industry. Since then he has managed televised poker games for shows on ESPN, GSN, Fox Sports and Travel Channel. He has also hosted the nationally televised show "Inside Poker," and appeared in the movie "Lucky You."

Tuesday, November 18, 2008

Appeals Court Prevents Kentucky's Seizure of 141 Internet Gaming Domain Names--at Least For the Time Being


If you look deep enough and long enough, you’re guaranteed to find some good news! The Kentucky Court of Appeals granted a motion to postpone the forfeiture hearing concerning those 141 Internet gambling domain names that Kentucky’s governor, Stephen Beshear, attempted to seize.

The Interactive Media Entertainment & Gaming Association (iMEGA), a Washington DC based Internet trade association, asked for a stay until the appeals court had an opportunity to consider iMEGA's petition to have the lower court seizure ruling overturned. A hearing on that petition is set for December 12 in Louisville.

"We're pleased that the Court of Appeals has given us the opportunity to challenge these seizures," said Joe Brennan Jr., iMEGA's chairman. "The commonwealth has tried to take these domains for their own financial gain, violating Kentucky law, exceeding their jurisdiction, and setting a terrible precedent in the process."

IMEGA said that the state's action was simply an effort to protect the state's own gambling industry from competition by online gambling sites.

The appeals court also combined iMEGA's petition with one filed by Interactive Gaming Council (IGC), of Vancouver, B.C., an international online gambling trade group. Both groups contended that the lower court lacked jurisdiction to order the domain seizures.

iMEGA also argues that Kentucky's actions violate the Commerce Clause of the U.S. Constitution, and Kentucky lacked the authority to initiate the seizure action in the first place.

"This matter has generated concerns across the online world about abuse of governmental power," said Brennan. "Kentucky is opening the door for any government—state and local, foreign and domestic—to use what amounts to blackmail to achieve its ends. If this precedent is allowed to stand, it's not hard to imagine a government like China utilizing this kind of seizure power to prevent free media, like the New York Times, from reaching their citizens."
The next action on this case is scheduled for December, two weeks before Christmas. Stay tuned. I’ll let you know what happens next.

Clonie Gowen Files $40 Million Suit Against Full Tilt


Former Full-Tilt member Clonie Gowen brought a $40,00,000 lawsuit against FTP for breach of contract, alleging she is owed a 1 percent ownership stake promised her during a phone conversation with Full Tilt executives. This oral agreement is not supported by a written contract, which makes the existence of a legal contract tougher to prove.

The alleged oral contract was executed in 2004 with FTP and Clonie promoted the Full Tilt brand on tournament circuit. Howard Lederer reportedly offered her a distribution check of $250,000 in 2007, but Gowen declined to accept it. Nevertheless, Clonie continued wearing FTP logo gear wherever she played.

After the relationship between Gowen and Full Tilt ended on November 11, 2008, she filed suit in Las Vegas a few days later.

Most legal experts are guessing that this will be settled out of court because Full Tilt Poker probably doesn’t want their financial information to become a matter of public record. But there’s a large spread between the $40 million she’s asking and the $250,000 she’s been offered, and it looks like a question of which briefcase will she accept.

My Take on the WSOP's Final Table


It’s been more than a week now since the November Nine played down to a winner at the World Series of Poker’s final table. Like every other poker fan, I watched the action on ESPN. But I watched with an eye to assessing whether it would have been a better poker tournament if it had been played to conclusion in July—just like every other WSOP was—or if the nearly four-month hiatus contributed to the event’s success.

I could have blogged the morning following the event, but I wanted to let my thoughts and feelings settle down a bit, and give myself the benefit of reflection. After all, this was a mega event, at least by the standards applied to producing poker on TV.

Twenty-eight thousand pounds of TV equipment, including 20 HD TV cameras, were used to produce the final table. They used thirteen editing systems to get the final table turned around and ready to show in their “near real-time” format, one day after the event itself concluded.

I understand the long hours and quick turnaround needed to meet production schedules. But I also know that one should never confuse effort with results, and while the show itself was up to the standards of prior year WSOP TV productions (which were not shown in near real time), it wasn’t necessarily better.

While Peter Eastgate was working his way through the final table gathering chips, we really didn’t see much of him until the tournament was heads-up or close to it. I’d have loved to see how he garnered the chips he did, but we were left in the dark. Most of the focus was on Dennis Phillips, Ivan Demidov and Ylon Schwartz, along with some footage of short-stacked Kelly Kim’s fight to survive.

Eastgate, who didn’t exhibit the colorful persona of Phillips, Demidov, or Schwartz, was pretty much among the missing until the final table’s later stages.

I actually don’t think it is possible to produce really thorough coverage of the final table in the short time allotted for the show. So here are my suggestions for next year. And I only have two of them to offer:

Produce two shows. A two-hour broadcast can be shown on ESPN and designed to appeal to the casual poker fans who aren’t eager or willing to sit though a longer program. But for the diehard poker fans, a five-hour special could be edited and shown on ESPN-2.

There’s some precedent for this kind of sports coverage. After all, Versus shows short versions of their Tour de France coverage, along with a longer show, later in the day, that has a lot more of the racing that appeals to cyclists themselves, rather than the kind of overview coverage aimed at a more general, casual audience.

There’s no reason why the amount of footage could not be used to produce shows aimed at two different audiences: the hard core poker fan who would watch a long version, and a shorter show, for casual poker aficionados.

The other thing that needs to be done differently is to really generate some excitement leading up to the final table. While the November Nine members did scads of interviews and played in poker events leading up to the final table, most of the media coverage was highly localized.

I expected to see these guys on all the major TV shows, much the same as you see movie stars trotted out on the talk show circuit whenever they have a new film to promote. It was really disappointing that none of them got a chance to talk poker with Letterman, or play some cards with Ellen, or appear on any of the morning network shows. That would have been a real build up.

Moreover, any buildup time during the two weeks immediately before the final table was lost in all the coverage of the Presidential election, and deciding to schedule an event in conflict with the kind of coverage a national election generates is a strange decision.

I don’t think the nearly four-month hiatus was a bad idea; it just could have been done differently and executed better. If Harrah’s decides to go with a four-month hiatus next year, I’m hoping they give us two versions of this show, along with a plan to generate some real publicity for the players and themselves in the process.

Anything less just isn’t worth the effort.

Wednesday, November 12, 2008

Poker Players Alliance Lambasts UIGEA Regulations


The poker advocacy group, the Poker Players Alliance (PPA), expressed its extreme disappointment today about the last minute finalization of the Unlawful Internet Gambling Enforcement Act (UIGEA) regulations for online gambling.

“Today’s action finalizes a truly bad public policy—one that even the banks and Federal regulators called unworkable in Congressional testimony,” said PPA Chairman and Former Senator Alfonse D’Amato (pictured). “However, the PPA remains optimistic that the new Administration and the new Congress will recognize the failures of UIGEA and will act swiftly in the New Year to overturn this flawed policy.”

In April of this year, representatives from leading banks testified before Congress about the “burdensome” and “unworkable nature” of the proposed UIGEA regulations. Even the US Treasury and the Federal Reserve expressed serious concerns about the ability to enforce UIGEA and its impact on our nation’s payment systems.

Notwithstanding the burden UIGEA places on our already strapped financial sector, the Administration, the Treasury and the Federal Reserve dedicated time and resources to get the rules finalized as the first of many Bush Administration “midnight” regulations.

“We have strong advocates in Congress who recognize the importance of balancing individual freedom and responsibility with the protection of consumers as it relates to online poker,” continued D’Amato. “As such, we believe that in the new political environment UIGEA will be overturned and effective licensing and regulation of online poker will be enacted.”

Monday, November 10, 2008

Barney Frank Asks Paulson and Bernanke to Postpone Issuing Regs for UIGEA


House Financial Services Committee Chairman Barney Frank (D-MA) wrote to Treasury Secretary Henry Paulson and Federal Reserve Board of Governors Chairman Ben Bernanke earlier today, asking them to postpone issuing regulations pursuant to the Unlawful Internet Gambling Act.

Here’s the full text of Frank’s letters.

November 10, 2008
The Honorable Henry M. Paulson, Jr.
Secretary
U.S. Department of the Treasury
1500 Pennsylvania Avenue, NW
Washington, DC 20220

Dear Mr. Secretary:

I am deeply disappointed to hear that your agency is proceeding with what I consider to be unseemly haste in issuing regulations implementing the Unlawful Internet Gambling Enforcement Act. This midnight rulemaking will tie the hands of the new Administration, burden the financial services industry at a time of economic crisis, and contradict the stated intent of the Financial Services Committee

As you know, at our April hearing, the testimony of your representatives and the industry indicated that it would be particularly difficult to craft workable regulations to effectively enforce the statute without having a substantial adverse effect on the payments system. Subsequently, my colleagues and I introduced legislation (HR 5767, later HR 6870) that would prohibit the implementation of these flawed rules and replace them with a formal rulemaking process that would define the term “unlawful internet gambling,” something the proposed rules fail to do. HR 6870 was passed by the Financial Services Committee on September 16.

The proposed regulations, like the underlying UIGEA statute, fail to define the term “unlawful internet gambling,” leaving it to each financial institution to reconcile conflicting state and federal laws, court decisions and inconsistent Department of Justice interpretations when determining whether to process a transaction. Furthermore, some of the information needed to make this determination would likely be unavailable to banks because customers or financial institutions in foreign jurisdictions will likely be unwilling or unable to provide it.

I strongly urge you to delay implementation of these major, and deeply flawed regulations to permit the incoming Administration the ability to review the consequences of such a significant policy decision, rather than unfairly being denied that opportunity.


BARNEY FRANK

***

November 10, 2008

The Honorable Ben S. Bernanke
Chairman
Board of Governors of the Federal Reserve System
20th & C Streets, NW
Washington, DC 20551

Dear Chairman Bernanke:

I submit to you the letter I sent to Treasury. I realize that the implementation of this flawed statute is not a task you requested. I also appreciate the candor with which your representative answered the questions at our hearing, confirming that this is an impossible task. There is no evidence that these issues have been in any way overcome. I strongly urge you not to burden the new Administration with administering a statute which cannot be carried out


BARNEY FRANK

What YOU Can Do Right Now to Defeat UIGEA


The Poker Players Alliance emailed their membership today, telling them that they’re “… in a fight to keep anti-Internet poker regulations from being enacted and we NEED YOUR HELP!” I’m reposting an edited version of it here, in hopes that you may want to help too.

The current Administration is hastily finalizing a number of “midnight rules” before they leave office and the Unlawful Internet Gambling Enforcement Act (UIGEA) is on the list. Just like UIGEA was snuck into legislation in the dark of night in 2006, poker’s opponents are again trying an 11th hour sneak job. We need you to help us expose and stop this reckless rulemaking.Please call the U.S. Federal Reserve and tell them not to approve the UIGEA regulations -- Consumer Complaints, 888-851-1920 or Public Affairs, 202-452-2955.Tell them:

* The federal agencies responsible for our nation’s economy should not be focused on Internet poker regulations.
* Finalization of the UIGEA rules will add additional burdens on our already crippled financial systems.
* Internet poker is a game of skill and form of recreation for millions of Americans; it should be exempted from the UIGEA.
* Please do not finalize the UIGEA regulations until their impact on our banking systems and average Americans has been fully studied.

Thursday, November 06, 2008

The WSOP's November Nine: Seduced, Abandoned, and Forgotten


The conclusion of the 2008 WSOP is nearly here, following a more than three-month planned delay to allow ESPN to broadcast the event "almost live."

Head honchos at the WSOP promised to build publicity around the final table during the hiatus, increase rooting interest among poker fans and casual viewers alike, while boosting ESPN’s ratings in the process. We were told that the November Nine would be made celebrities—complete with fan clubs, endorsement deals, and notoriety—in the period between summer and the actual culmination of next week’s “almost live” event.

It never happened. Instead, the Novembrists were seduced, abandoned, and left without water to wander the desert on their own. While one of these wanderers will win the WSOP and become a celeb with endorsement deals as a result of his skill and good fortune, the other eight figure to wind up as anonymous as main event runners-up have been most other years—at best a trivia question; at worst, completely forgotten.

I haven’t seen anything in the way of publicity aimed at building mainstream support for the event and final-table players among casual poker fans. No one’s made the talk show circuit. I expected to see them on Letterman, on Conan, playing a hand of poker with Ellen, maybe even on the morning news shows. I thought the November Nine would be as visible as actors out on the talk show circuit pitching a new movie. That’s the kind of build up poker needs. Instead, all I found was a great silence.

Now, in the wake of a monumental presidential election and the economic news that’s dominated the airways for the past month, the WSOP seems to be lost in an informational overload shuffle, hoping for attention but doing precious little to make its voice heard over the roar of recent news events.

Even the poker media—and as editor of Poker Player Newspaper, that includes me—hasn’t gotten much publicity material about the Novembrists. All I receive is a weekly email from a PR firm containing about two to three paragraphs about another one of the nine finalists, and that’s not nearly enough to tell compelling stories about these players. It’s certainly insufficient to build the kind of rooting interest needed to grab curious, casual poker fans and viewers by the throat and make sure they’re in front of their TV sets and not moving during the “almost live” telecast. And it won’t provide the kind of publicity needed to generate endorsement deals.

So enjoy the World Series of Poker’s final table. I know I will. But I won’t be looking for the winner’s picture on a box of Wheaties anytime soon.

Tuesday, November 04, 2008

Binion's New Poker Room Opens


On Thursday, October 30 Binion’s Gambling Hall & Hotel opened a brand-new poker room, building on its tradition and history as the place that made poker famous.

Binion’s new poker room features designs and concepts based on what players asked for, in a contemporary setting. The new room has a maximum rake of $3 on all live games, and players can earn $2 comps per hour of live poker play. Tableside food service is available as are special room rates.

Because of it's history, Binion's has always been one of my favorite places to play poker in Las Vegas. But to play there, I had to put up with decor and ambiance that could best be described as "funky." But the new room looks good, and although all I've seen of it so far is this photograph, it is very high style for downtown Las Vegas.

Good luck to Binion's and to their new room. If you're in downtown Las Vegas, belly up to one of Binion's new poker tables, look the dealer square in the eye, and say those magic words, "Deal me in!"

Poker Hall of Fame Adds Two New Members

The Poker Hall of Fame announced its 2008 Class, and will induct Dewey Tomko and Henry Orenstein. Tomko is a three-time World Series of Poker bracelet winner, a two-time main event runner-up, and the holder of the longest consecutive main event participation record of 35 years.

Tomko enters alongside Henry Orenstein, a Holocaust survivor who won the 1996 World Series of Poker 7-card stud championship and also cashed twice in the main event, including a final table finish in 1995.

Orenstein is better known as an inventor who holds more than 100 patents, including those for Sesame Street toys, Snoopy toys, the Transformers and U.S. Patent 5,451,054, which gave Orenstein the exclusive right to detect and display hole cards in poker games.

It was his patent for the lipstick camera that turned poker into a made-for-TV attraction, created an estimated 150,000 jobs worldwide, spurred the meteoric rise of poker, and helped popularize the game to heights never seen before.

Orenstein and Tomko will be enshrined Sunday, November 9 at the Penn & Teller Theater at the Rio All-Suites® Hotel & Casino in Las Vegas, during the finale of the 2008 WSOP championship. ESPN will show portions of the ceremony during their November 11 telecast.

The enshrinement and WSOP final table play are open and free to the public with seating available on a first come, first serve basis.

To be eligible for the Poker Hall of Fame, a player must have played poker against acknowledged top competition, played for high stakes, played consistently well, gaining the respect of peers, stood the test of time, or for non-players, contributed to the overall growth and success of the game of poker, with indelible positive and lasting results.

The entire list of 37 Poker Hall of Fame members includes (alphabetical with year of induction in parenthesis):

Tom Abdo (1982)
Crandell Addington (2005)
Bobby Baldwin (2003)
Billy Baxter (2006)
Lyle Berman (2002)
Joe Bernstein (1983)
Benny Binion (1990)
Jack Binion (2005)
Bill Boyd (1981)
Doyle Brunson (1988)
Johnny Chan (2002)
T.J. Cloutier (2006)
Nick “The Greek” Dandolos (1979)
Barbara Enright (2007)
Fred “Sarge” Ferris (1989)
T “Blondie” Forbes (1980)
Henry Green (1986)
Murph Harrold (1984)
Phil “Poker Brat” Hellmuth (2007)
James Butler “Wild Bill” Hickok (1979)
Red Hodges (1985)
Edmond Hoyle (1979)
Berry Johnston (2004)
Jack Keller (1993)
Felton “Corky” McCorquodale (1979)
Roger Moore (1997)
Johnny Moss (1979)
Henry Orenstein (2008)
Walter Clyde “Puggy” Pearson (1987)
Julius Oral “Little Man” Popwell (1996)
Thomas Austin “Amarillo Slim” Preston (1992)
David “Chip” Reese (1991)
Jack “Treetop” Straus (1988)
Duane “Dewey” Tomko (2008)
Stu “The Kid” Ungar (2001)
Red Winn (1979)
Sid Wyman (1979)