Recent Poker News Dump: Instability Edition
Convicted Sex Offender Booted from Epic Poker League $20,000 Event The
poker world has not been without controversy this year. The
newly-launched Epic Poker League has had to deal with placing the
winner of their inaugural event, Chino Rheem, on probation for the
outstanding debts he owes to various members of the poker community.
Prior to their second Main Event, which was won by Mike McDonald, the
league disqualified convicted sex offender Michael DiVita after he won
a $20,000 seat in their Pro/Am event. online poker 468x60 While it's
nice to see a tournament organization holding players to a code of
ethics, the EPL messed up the DiVita situation pretty badly. After
discovering that he had served time for sexually assaulting a minor,
the EPL disqualified DiVita from the $20,000 event and awarded his
seat to the player who finished below him in the $1,500 qualifier. The
EPL claimed that DiVita withdrew voluntarily, but DiVita claims
otherwise saying that he was told by the league that if he didn't
withdraw from the event, he would get nothing back, not even his
original $1,500 buy-in from the qualifying event. To an extent, it's
understandable that the EPL didn't want a convicted sex offender
winning their second event after their first event was won by a player
notorious for his bad debt. But like it or not, DiVita won his $20,000
seat fair and square. While it's agreed upon that sex crimes against
minors are basically the worst offense one can commit in most
societies, the EPL is putting themselves on a slippery slope by
depriving DiVita of the value of the seat he won fair and square. One
would not begrudge them from prohibiting DiVita from playing any of
their tournaments if they so choose. But the fact of the matter is, he
won his seat fair and square in the Pro/Am event and at the very least
deserves $20,000 for his efforts. If the EPL is as serious as they
appear to be about heightening ethics and standards in the poker
world, they should consider casting an eye towards their members who
owned and profited from defunct online poker rooms. Of course, we're
unlikely to see this happen; Annie Duke, founder of the EPL, former
shill for UB, and sister of Howard Lederer, isn't exactly in a
position to start slinging mud at anyone who cashed in on the FTP or
UB poker world fleecings. The sad reality is, the poker world is
filled with all sorts of former convicts, scumbags, cheaters, and
angle shooters. Trying to present a clean image of poker, while noble,
is just unrealistic. Full Tilt Releases Statement, Hearing Tomorrow
Full Tilt Poker released a statement last week through
PokerStrategy.com. They have released their last two statements
through that site allegedly because they owe them substantial
advertising commissions. Like everything from the Full Tilt camp since
Black Friday, the statement offered little in the way of informing
players when they might expect to get their money back. They stated
that they have adopted a cost optimization program that could lead to
250 jobs being eliminated in an effort to save €12 million annually.
On the eve of their hearing with the Alderney Gambling Control
Commission (AGCC), it is clear that Full Tilt has failed to secure
capital with which to repay players. On July 29th, AGCC agreed to
postpone their decision on whether to restore Full Tilt's gaming
license and also agreed to hold all future hearings in private. It is
hard to say what the result of tomorrow's hearing might be. And due to
it's closed-door nature, it could be some time before the result of
the meeting is entirely clear. However, it's hard to envision the AGCC
allowing Full Tilt to resume their operations without forcing the site
to clearly demonstrate they have player funds held in a segregated
account. The longer Full Tilt is in a state of shut-down without their
gaming license, the more their brand value decreases. Players with
money stuck on Full Tilt should be hoping for some good news quickly;
the longer the status quo remains, the less likely it seems players
are to see their money again. Poker Refugees Spotlighted in Bloomberg
BusinessWeek A recent article in Bloomberg BusinessWeek put a
spotlight on the lives of two American poker refugees, Matt Stout and
Joey Cappuccio, who have relocated to Costa Rica to continue their
careers as online poker players. Stout and Cappuccio relocated with
help from P5's Poker Refugees service which helps American players
relocate to Canada, Costa Rica, or Panama by finding them apartments,
bank accounts, and reliable Internet service. The site charges a fee
of $1,000 for their relocation services which seems like a rather
small price to pay for any U.S. player who expects to generate a
handsome income playing online. It's hard to pinpoint exactly how many
Americans have relocated out of the U.S. to play online poker, but the
number appears to be into the hundreds. I will be joining the ranks at
the end of this month by relocating to Playa del Carmen, Mexico, where
online pros Jon Aguiar, Shaun Deeb, and Chip Ferguson, just to name a
few, have already made home.