Posts Tagged ‘Championship’
After mixed results from their two previous stops in the Bahamas and Panama, the PokerStars Championship has churned on to one of the wealthiest places on Earth (the net worth of an average household in the city? $ 437,031), Monte Carlo, and the Monte Carlo Casino. The â‚¬100,000 Super High Roller tournament started on Thursday while a â‚¬10,000 tournament with a surprisingly low number of players wrapped up.
That â‚¬10,000 tournament was a bit of a surprise. Only 110 players made an appearance in the tournament, but the price tag of the event ensured they would be playing for a million-dollar prize pool (â‚¬1,067,000, to be exact). After battling through a field that included former World Champion Ryan Riess (who started the day as the chip leader), Luc Greenwood, Steve Oâ€™Dwyer, and Koray Aldemir, Ole Schemion was able to defeat Murad Akhundov to win the championship. While Schemion picked up a nice â‚¬274,750 score, the lack of numbers in the tournament might have been of concern to the PokerStars brass.
Those fears were somewhat allayed by the â‚¬100,000 Super High Roller. 47 players have come out for the tournament – and nine of them have re-entered the event – to put themselves in a â‚¬200,000 hole to start the PSC Monte Carlo. One of those who rebought in the tournament was Daniel Negreanu, who at least made the most of it by finishing the day in second place. Negreanu, who isn’t afraid to put some rebuys into a tournament, didn’t have to go beyond his second bullet after doubling through Dan Smith and chopping some more chips off Christoph Vogelsang to reach his apex for Day One.
PokerStars once again is welcoming actor/comedian Kevin Hart into the fray in Monte Carlo. Hart was a surprise appearance in the Bahamas back in January but didn’t show up in Panama for any of the tournament schedule in Central America. While Hart didn’t perform very well in the Bahamas, he will be around for a second day in Monte Carlo. On his second bullet like Negreanu, Hart would be the beneficiary of pocket Aces twice to keep his stack healthy. He also secured a seat to start Day Two on Friday, but not as a member of the Top Ten.
Leading the way for those that have VERY deep pockets is Daniel Dvoress, who more than tripled his starting stack to claim the lead dog honors in the Super High Roller:
1. Daniel Dvoress, 907,000
2. Daniel Negreanu, 864,000
3. Viacheslav Buldygin, 827,000
4. Ali Reza Fatehi, 770,000
5. Steve O’Dwyer, 676,000
6. Steffen Sontheimer, 661,000
7. David Peters, 591,000
8. Igor Kurganov, 516,000
9. Stefan Schillhabel, 505,000
10. Charlie Carrel, 443,000
The remainder of the 38 players in the tournament at this mark brings you the usual suspects that you’ve seen in Super High Roller tournaments. Dan Colman just missed making the Top Ten (432,000, eleventh place) and Hart, as previously stated, is in the mix (396,000, thirteenth). Bryn Kenney (429,000, twelfth), Fedor Holz (366,000, fourteenth) and Sam Greenwood (364,000, fifteenth) are all within shooting distance of the Top Ten, while Mustapha Kanit (104,000) and Stephen Chidwick (117,000) are a couple of players who have their work cut out for them.
The Super High Roller players aren’t sure yet what they are playing for as late entry and reentry for the tournament will be open until the cards fly on Friday at 12:30PM (Monte Carlo time, 6:30AM East Coast time). On Saturday, the â‚¬5000 Main Event will begin, facing a tough task in trying to improve on the Bahamas while not falling below what Panama did. Wrapping up the weekend will be the start of the â‚¬50,000 Single Day High Roller, which will draw the “big money” out once again. Finally, the â‚¬25,000 High Roller begins on Wednesday (May 3) and will conclude with the final table of the Main Event on May 6.
After failing to pay the final table for their major tournament last fall – and the resulting lawsuit from several players who made that final table – the founder of the Players Poker Championship (PPC) has filed for Chapter 7 bankruptcy protection in Florida.
Bryan Oulton, one of two men who founded the PPC (along with Thomas “Sandy” Swartzbaugh), filed for bankruptcy protections on April 9 in the U. S. Bankruptcy Court for the Southern District of Florida in Broward County. In the court documents, Oulton stated that he was almost $ 900,000 in debt to almost 200 creditors (including the players from last fall’s PPC Aruba World Championship) and that he only had assets of around $ 415,000. Most of his assets were being held in his home, valued at roughly $ 338,000, and $ 50,000 in annuities, while Oulton himself said that he had no income at the present time. That is important because, under Chapter 7 bankruptcy protection, he could claim those items as exempt from any property sale and would be able to keep the assets.
The problems emerged after the tournament in Aruba last November. The PPC World Championship was a $ 2400 poker tournament on the island of Aruba that wrapped up a series of events that the PPC had held across the States of America. The tournament itself had a guaranteed prize pool of $ 500,000, which was barely covered by the 266 entries the tournament received (the eventual prize pool was $ 534,743). Poker pro Christian Harder made the final table in finishing in ninth place, while Stephen Deutsch defeated James Beadnell and Dorian Alejandro Rios Pavon to win the championship and take the top prize of $ 133,687.
When it came time for Deutsch to collect, however, he was stonewalled in Aruba and headed home. Negotiations would get to the point that a third party involved – alleged to be investors in the PPC looking to keep the company afloat – would offer to pay Deutsch and other final table players less than what they supposedly earned from their finish in the tournament. Frustrated by not getting what he had earned, Deutsch and other players filed lawsuits against Oulton, Swartzbaugh, the PPC and its partners and two casinos who hosted events (Maryland Live! and Tampa Downs in Florida).
The actions by Deutsch and his fellow players helped to usher the end of the PPC. Plans for a new season to start after the November World Championship tournament quickly fizzled as casinos pulled out from the tour. With no casinos to play events – and, more importantly, the loss of a steady stream of income from those tournaments – the PPC essentially shut down at the beginning of 2017 (“essentially” is used because no official word about its closure has been issued).
Oulton lists the Aruba final table players that have filed suit against him (Deutsch, Joan Sandoval (who finished sixth), Michael Lerner (fourth), John Ott (fifth) and Beadnell (second) as creditors and puts Pavon and seventh-place finisher Steve Karp on that list (both men have not filed a lawsuit against Oulton, the PPC or any other entities associated with the tour). Much of the money owed by Oulton, according to the court papers, is to the Small Business Owners of America. Oulton lists the SBOA as being owed $ 259,600, most likely from loans procured to start the PPC.
While Oulton is seeking the protection of the court with his bankruptcy filing, it isn’t guaranteed that it will get him out of his responsibilities. If enough creditors protest the decision, the judge can deny the Chapter 7 proceedings. In the state of Florida, the Chapter 7 proceedings require all non-exempt assets to be sold and those profits to be distributed to the creditors, at which time the debtor is given a “fresh start.” Should enough creditors feel that there was unethical or criminal activity that contributed to the situation, however, they can petition the judge and he would decide if the Chapter 7 bankruptcy would be granted.
There are no details at this time of any future actions in the case. Poker News Daily will continue to monitor the situation.
When the six-handed final table of the PokerStars Championship Panama Main Event began, Kenneth Smaron was in third place with 1.855 million chips. He wasn’t in bad shape by any means, but he was still a million chips out of second and two million out of first, so he definitely had an uphill battle. Since I am mentioning his name at the outset, you might have correctly guessed that he climbed that hill successfully, winning the tournament and nearly $ 300,000.
At a typical final table, you have one or two players who tend to dominate or at least hold the chip lead for most of the way before the heads-up portion of the contest. Heads-up, it’s anyone’s guess what will happen. This final table was unique in that aside from Anthony Diotte, who was eliminated on the third hand, every player held the chip lead at some point.
Denis Timofeev began with the largest chip stack, but after Diotte’s elimination, it was Robin Luca Wozniczek who took over, just inching ahead of Timofeev. Wozniczek soon ran into trouble and Timofeev regained the lead. Wozniczek himself was eliminated on the 35th hand (told you he ran into trouble).
Harpreet Gill doubled through Timofeev soon after that and then went on a quick run to make his way to the top of the chip counts. He then got abused by Smaron, highlighted by a pot worth about 2.5 million chips.
For a long time after that, Smaron looked like he was running away with the tournament, building his stack at points to over 6 and 7 million chips. His two competitors, Timofeev and Gill, though, kept forging ahead, eventually pulling into nearly a three-way tie on Hand 156.
The chip lead was upended multiple times in the next few hands before Smaron knocked out Timofeev in third place. Going into heads-up, it was relatively close, with Smaron ahead 6.130 million to 4.895 million.
It didn’t stay close for long, as Smaron won it in just nine hands. On the final hand, Gill limped with T-8, Smaron raised to 350,000 with K-J of clubs, and Gill decided it was time to move all-in for his remaining 2.615 million chips. Smaron thought about it, but finally decided to call (obviously, or else this wouldn’t be the final hand). The flop was great for Smaron without actually giving him a hand – Q-A-9 with two clubs, giving him a royal flush draw. The next two cards did nothing for either player and Smaron won with his King-high.
Smaron, an accomplished online poker player, now has more than $ 1.2 million in live tournament earnings. This was his first major main event title, though he did win the 2015 European Poker Tour Prague High Roller for about half of his total earnings, $ 654,302.
2017 PokerStars Championship Panama Main Event – Final Table Results
1. Kenneth Smaron – $ 293,860
2. Harpreet Gill – $ 217,860
3. Denis Timofeev – $ 161,340
4. Jonathan Abdellatif – $ 119,480
5. Robin Luca Wozniczek – $ 88,480
6. Anthony Diotte – $ 65,520
After five days of battle at the Solis Hotel, Spa and Casino in Panama City, the final six men have been determined for the second-ever stop on the PokerStars Championship circuit in Panama. When the final table plays out on Monday, Russia’s Denis Timofeev will continue at the helm as he did on Day 4, but he’ll be sitting atop a 3.905 million chip stack for the penultimate battle.
12 men came back on Sunday with the task of setting the final table for the tournament. Timofeev, as previously stated, was in the lead with slightly more than two millino chips and there were some notable names in the pack behind him. Of particular interest was 2015 GPI Player of the Year Byron Kaverman, who was in third place with 1.236 million in chips, and the man who was the chip leader through the first two days of the tournament, Igor Yaroshevskyy. Yaroshevskyy was on the short stack with 422,000 in chips, however, and needed to make an early move to get back to viability.
It would take less than two hours for the players to eliminate three men and set the unofficial final table. Yaroshevskyy was the man who would earn that dubious honor, pushing all in after Kenneth Smaron put out a raise and Harpreet Gill made the call. Smaron immediately made the call and, after Gill sheepishly showed a A-2 as he mucked, Smaron showed Big Slick. Yaroshevskyy was beaten by a pip, holding Big Chick, but the flop had a sense of humor in coming down K-Q-3. Unfortunately for Yaroshevskyy, he couldn’t find another Queen to best Smaron and headed to the rail in tenth place ($ 27,260) and Smaron took over the lead.
Now with nine men on the redrawn unofficial final table, Timofeev and Kaverman were seated with Kaverman on Timofeev’s immediate left. Although he was out of position to a tough player, the duo didn’t tangle much. Instead, Timofeev took out his aggression on other members of the table. He forced Jonathan Abdellatif to lay a hand down and slowly saw his chip stack inch upwards. As Level 22 began in the tournament (10K/20K with a 3K ante), Timofeev was slightly behind Smaron while Kaverman was having difficulties.
Kaverman never got anything started once play reached the final table, getting his final chips in against Smaron with K-J against Smaron’s pocket treys. A monochrome 6♦ 3♦ 8♦ flop left Kaverman looking for something that would provide a split pot, but that wouldn’t come when a Queen came on the turn. Once the irrelevant river was dealt (a second Queen), Kaverman was ousted in eighth place and Smaron’s chip lead got bigger.
With one player left to the close of business for the night, play tightened up considerably until one stunning hand between Smaron and Timofeev. On a 9-2-8-4-J board and with 935,000 in the pot, Timofeev pondered his action before checking to the chip leader, normally not a recommended action. Smaron played his position, moving all in against Timofeev, who this time went deep into the tank. After a five minute reconstruction in his mind, Timofeev made the call and saw Smaron had 10-8 for a flopped middle pair. Letting off a relieved sigh, Timofeev showed a J-7 for the rivered top pair and took down the 3.29 million chip pot.
The very next hand, Timofeev stayed active in pushing a bet off the button. James Salmon three bet his stack out of the big blind and, completely unlike his hand with Smaron, Timofeev immediately made the call. His A-10 might have been on the lower end of the call spectrum, but it was the correct move as Salmon only mustered an A-2 for battle. A flopped ten all but ended the proceedings and, after a trey and a four came on the turn and river, Salmon was out in seventh and Timofeev was off to Monday’s final table with the chip lead.
1. Denis Timofeev, 3.095 million
2. Robin Wozniczek, 2.87 million
3. Kenneth Smaron, 1.855 million
4. Jonathan Abdellatif, 1.155 million
5. Harpreet Gill, 735,000
6. Anthony Diotte, 465,000
Play will resume in Panama City at noon on Monday, with the first-ever champion of the PokerStars Championship Panama taking home $ 293,860 for their efforts.
2017 PokerStars Championship Panama Main Event: Igor Yaroshevskyy Continues Domination in Leading Day 2
After crushing what was the smaller of the Day One fields, Ukrainian poker professional Igor Yaroshevskyy has continued his domination as he holds the Day 2 lead at the PokerStars Championship Panama’s Main Event.
Yaroshevskyy, sitting on top of 219,600 in chips, came into Day 2 with a monstrous lead over the remaining 171 players that remained after 366 players started the event. Second place was a bit of a surprise for many in the form of MMA champion Tito Ortiz, but those who underestimated him on Day 1A fell to his wrath as he amassed 182,000 chips. The Day 1B chip leader, Jiachen Gong, was in fourth place with 154,300 in chips, but he was looking way up at Yaroshevskyy as he strove to catch him.
One of the bits of business that had to be completed at the start of Day 2 in the Solis Hotel, Spa & Casino was setting the official prize pool and payouts for the cast gathered in Panama City. Once late registration closed on the tournament, 366 players had officially come to the party putting up $ 5,000 each to build a $ 1,775,100 prize pool. Officials with the Solis and the PokerStars Championship put their heads together and determined that 71 players would get at least a minimum payday of $ 7720, nearly 20% of the field earning a cash. The big prize for the eventual champion was set at $ 293,860, a nice chunk of change for traipsing to Central America for a poker tournament.
Yaroshevskyy came out of the gates firing on Day 2, knocking off Vicente Delgado on one of the first hands of the day. After Delgado opened the betting, Yaroshevskyy wasted little time in putting out a three bet. Undaunted, Delgado stepped up and made it four bets (21.2K) to go, at which time Yaroshevskyy seemed to have had enough. He asked how much Delgado had behind him, then five bet the action up to 47.5K. Delgado seemed ready for the fight, moving all in at this point, and Yaroshevskyy immediately made the call.
When the cards came face up, at least one of the hands was legitimate. Yaroshevskyy staked his chip lead on pocket Kings (entirely expected), but the table was simply stunned to see Delgado unveiled his A♥ 2♥ to fight for his tournament life. A Jack high board rolled out (J-5-10-9-8, for the record) to send Delgado, who had been among the bigger stacks in the room, out of the event and Yaroshevskyy’s chip stack up to a dominating 355,000.
That wasn’t even the biggest knockout for Yaroshevskyy on the day. After a raise from Thomas Altamirano and a call from Rafael Moraes, Yaroshevskyy followed suit. With all those chips in the center, a short-stacked Ambrose Ng in the big blind decided to see who was serious by moving all in (16K). Altamirano, it turned out, wasn’t, but Moraes called the bet. This now sparked Yaroshevskyy’s interest as, after a quick peek at Moraes chip stack, he moved enough chips to put Moraes at risk. Moraes made the call to set up a three-way situation (in order of strength):
Yaroshevskyy – pocket tens
Ng – pocket fours
Moraes – A♥ Q♥
It was all over but the crying when the flop came 8-10-7 to give Yaroshevskyy a crushing set. An Ace on the turn ended it for both Moraes and Ng and, to make it worse for Moraes, a Queen would come on the river for Queens up. That wasn’t good enough against Yaroshevskyy’s set, however, as both Moraes and Ng walked away while Yaroshevskyy’s stack soared to 450,000.
Lather, rinse, repeat…this is the way the day went for the Ukrainian wrecking ball. Late in the afternoon as the number of survivors slipped under 100, Yaroshevskyy was sitting atop a 710,000-chip stack, vastly outpacing his closest competitors. The final level of the day (play stops early in Panama!) played out with a bit of drama as the field tried to reach the money. That didn’t happen, meaning the remaining 78 players will come back on Friday with the first order of business to pop the money bubble.
1. Igor Yaroshevskyy, 745,500
2. Denis Timofeev, 569,000
3. Caufman Talley, 546,000
4. Tito Ortiz, 270,500
5. Vincent Allevato, 256,500
6. Pablo Gordillo, 254,500
7. Pedro Romanzo Pollino, 244,000
8. Eduards Kudrjavcevs, 237,000
9. Jessica Perez Borrego, 235,500
10. Kenneth Smaron, 234,500
Play will resume at noon on Friday in the Solis, with seven very unhappy people being sent out of the tournament arena with nothing to show for their efforts. PokerStars Live! will have all the action as the next champion is determined for the PokerStars Championships.