Posts Tagged ‘introduces’
As my colleague Earl Burton wrote a couple days ago, there has been an uptick in online poker regulation activity in a number of states in the last few months. One state mentioned in his piece was Michigan, whose online gaming effort he said “hasn’t moved beyond talking.” But last week, a Michigan legislator did finally take the formal step and introduced a bill that would legalize and regulate online poker.
It was State Senator Michael Kowall, a Republican representing District 15, who introduced Senate Bill 0203 on March 1st, a bill which would create the “Lawful Internet Gaming Act.” The bill would authorize the new division of internet gaming to grant licenses to the state’s casinos. Of course, the casinos would have to apply for said licenses and would have to pay $ 100,000 to do so. The licenses would have a duration of five years and would come with a fee of $ 200,000 for the first year and $ 100,000 per year after that.
Online gaming vendors – for instance, companies that might provide poker software or computer equipment for the poker operators – can also apply for separate licenses. The price tags on those licenses would be significantly less than for the operators themselves: $ 5,000 for the application fee, $ 2,500 per year, and $ 5,000 for the first year.
The state would tax gross gaming revenue at 10 percent.
The beginning of bill explains that legalizing and regulating online poker makes sense for Michigan for reasons most of us have been preaching all along. The internet is woven into our lives just like telephones and televisions and people like to play poker online. These people should have the chance to play behind the consumer protections of regulations:
The legislature finds that the internet has become an integral part of everyday life for a significant number of residents of this state, not only in regard to their professional lives, but also in regard to personal business and communication. Internet wagering on games of chance and games of skill is a core form of entertainment for millions of individuals worldwide. In multiple jurisdictions across the world, internet gaming is legal, regulated, and taxed, generating billions of dollars in revenue for governments.
In order to protect residents of this state who wager on games of chance or skill through the internet and to capture revenues and create jobs generated from internet gaming, it is in the best interest of this state and its citizens to regulate this activity by authorizing and establishing a secure, responsible, fair, and legal system of internet gaming that complies with the United States Department of Justice’s September 2011 opinion concerning 18 USC 1084.
The regulations actually set out in the bill are fairly run-of-the-mill. Players must be 21-years old and located in the state of Michigan, players must be permitted to self-exclude, and online gaming operators must have procedures and technologies in place to be sure that only people permitted to play can actually logon and play, as well as being able to detect and prevent cheating.
While the bill does specifically mention online poker, it also says that it is not strictly limited to online poker and that other games can be offered.
Interstate compacts in which multiple states’ player pools are combined are also permitted.
Even if the bill somehow charges through the Michigan state legislature and becomes law quickly, it still could be a long time before any online poker rooms launch in the state. The division of internet gaming would be given a year to get all the rules set (could be less time, of course) and then nobody would be allowed to offer games for 150 days after the rules are formally laid out.
Last year, PokerStars dismantled the European Poker Tour and created two new live tournament tours, the PokerStars Championship and the PokerStars Festival. They are your traditional tours, the PokerStars Championship looking very much like what the EPT was, with the PokerStars Festival coming in at a lower buy-in, akin to the World Series of Poker Circuit. On Friday, PokerStars announced yet another new live tournament series, called the PokerStars MEGASTACK (yes, and ugh, it is all CAPS), geared towards recreational players who cannot afford to compete in high buy-in tournaments.
The first PokerStars MEGASTACK will be at London’s Hippodrome Casino April 7th through April 9th. The buy-in is just £170, which is still a solid chunk of change for most people, but for poker players interested in competing in a good tournament, that is as light of a payment as one can hope for. All players start with 50,000, so there should be plenty of opportunity to play some poker (obviously, that all depends on the blind structure, but one would assume since it is live PokerStars event and not a daily nooner at a random casino off the Vegas Strip that things will be alright). Each tournament has three opening flights with one re-entry permitted per flight.
And since these are tournaments for recreational players trying to build a bankroll the PokerStars MEGASTACK events only run Friday through Sunday. As a PokerStars blog post put it:
We know it’s not always easy to find the time to play live tournaments, with one eye on your straight draw and the other on the clock as you try to work out if you can make it to work on 45 minutes sleep. That’s why MEGASTACK events are designed to fit your schedule rather than that of your boss, taking place from Friday to Sunday, leaving you all the time you need to enjoy the game.
There are also online satellites available for those who want to try to get in for even less money than £170.
If you are looking at that price point and thinking to yourself that there are no MEGASTACKS tournaments scheduled for the United States because the price is in British pounds, then you would be correct. Currently, there are only events scheduled for the Hippodrome, but according to Pokerstars, they will spread to other locations in the United Kingdom and Europe. No mention of the U.S. yet.
Here are the dates on tap so far for the Hippodrome:
• April 7th – 9th
• May 5th – 7th
• June 30th – July 2nd
• September 22nd – 24th
• October 20th – 22nd
And that’s really it. Frankly, I’m surprised that I was able to write even this much about the MEGASTACKS tournament series, as it isn’t all that big of a deal. But while I downplay it a little, it really could be a very nice addition to the live tournament schedule. Instead of having to watch as all those deep-pocketed poker players get to play in four and five-figure live tournaments, casual players can get in on the fun in what one would expect to be well-run tourneys with good blind structures.
The phrase “hit and run” rarely has a positive connotation. In everyday life, it conjures up images of gangster movies. In poker, it is used to describe an instance when a player joins a table, scoops a big pot right away, then leaves. A hit and run artist typically leaves the player from whom he won the money steaming, but there’s nothing the loser of the pot can do but move on.
So what in the world is this new “Hit & Run” tournament on the French poker site, Winamax.fr? That doesn’t sound good at all.
It is not as dubious as it sounds. “Hit & Run” is a new satellite format introduced by Winamax. Before discussing it, we should probably review what a traditional satellite or qualifier tournament, in case you are discovering poker for the first time (welcome!). A satellite tournament is one that awards tickets into a more expensive tournament to those that finish in the top spots. The number of tickets given out usually depends on the number of players in the tournament and thus the size of the prize pool.
For example, in a satellite (the word “qualifier” is used interchangeably with “satellite”) that has a $ 1 buy-in (we’ll pretend it is rake-free) and awards tickets to a $ 10 tournament, one would usually see one ticket awarded for every $ 10 in the prize pool. Makes sense, right? So if 200 people entered, creating a $ 200 prize pool, the top 20 finishers would win tickets to the bigger tourney. In the cases where the prize pool doesn’t result in a nice, even number of tickets, the excess cash is given to one or more players who just miss winning the tickets.
Winamax has changed things up with Hit & Run’s. In these qualifiers, rather than it being a contest to see who can survive the longest to win the ticket prizes, it is contest to see who can build their stacks the fastest. In a Hit & Run, players shoot for a “stack objective.” Whenever someone accumulates enough chips to hit this objective, they are removed from the tournament and awarded a ticket. Once all the tickets are gone, the rest of the players compete for the bit of cash that remains.
Players start with 9,000 chips in Hit & Run tournaments and need to grow their chip stacks to 40,000, 50,000, or 60,000 chips, depending on the buy-in. According to the chart on the Winamax website, when the ticket value is four times the buy-in, the stack objective is 40,000 chips. When it is five times the buy-in, it is 50,000 chips, and – you see where this is going – when it is six times the buy-in, the objective is 60,000 chips.
For Winamax, the goal here is probably to make satellites more exciting, as instead of just trying to survive to make the “money” (in this case, the ticket prizes), players will need to take chances and build up their stacks. The longer someone takes to do so, the more they risk losing out on the available tickets.
Full Tilt Poker is known for hosting one of the most popular poker tournament series on the internet, the Full Tilt Online Poker Series (FTOPS). Many an online pro has made their mark winning FTOPS events and the rewards have been lucrative. Starting in September, Full Tilt is changing things up a bit, introducing a new tournament series designed with the recreational player in mind: the Full Tilt Classic.
The Full Tilt Classic will begin Friday, September 11th, and run through Sunday, September 20th, featuring 20 events. Monday through Saturday, two events will be held each day, at 12:30 and 14:30. On Sunday, the schedule shifts an hour earlier – the two tournaments will begin at 11:30 and 1:30.
As Full Tilt says, it is getting “back to basics” with the Full Tilt Poker Classic. No levels of buy-in tiers, no pros hosting tournaments, and not a lot of game variety. Two events per day for ten days. Most of the tournaments will be No-Limit Hold’em, but there is some Omaha, Razz, and mixed games thrown in there. There are even odd varieties like No-Limit Omaha Hi-Lo and Six-Card Omaha, but on the whole, there are not a lot of exotic games. Table sizes for the tourneys vary: four-max, six-max, eight-max, and full ring are all represented. There are no heads-up events.
As mentioned, this seems to be geared towards casual players, as buy-ins range from just $ 10 to $ 100. You won’t see any super high roller events here. The Main Event is the final one, on Sunday, September 20th. It is your good, old No-Limit Hold’em freezeout with a $ 100 buy-in and a $ 75,000 guaranteed prize pool. All told, there is $ 270,000 in guaranteed prize money across the entire series.
On top of all that, there will be Full Tilt Classic Side Events interspersed amongst the 20 regular tournaments. There are 40 of these, ten per day, and they are all No-Limit Hold’em, though there is some variety within that game type (table size, re-entry, etc.). Once again, buy-ins range from $ 10 to $ 100, but there are no guaranteed prize pools.
As is always the case with tournament series at Full Tilt, there is a Full Tilt Classic Leaderboard. Players earn points for participating in events and more points based on where they finish. The top 100 points earners at the end of the Classic will win prizes, all paid out in tournament tickets (told you this was for recreational players). First place will receive two $ 50 tournament tickets, four $ 25 tickets, and five $ 10 tickets, for a total value of $ 250 worth of tickets.
And, of course, Full Tilt is holding satellites in which players can gain entry into any of the events. There are also freeroll satellites, though players must qualify for them. For the first two, held on September 11th, players must earn one Full Tilt Point in the 24 hours leading up to the tournament to earn entry. For any of the other freerolls, players must participate in a Full Tilt Classic event on the previous day.
This monthly bill would permit point out certified card rooms and Tribal casinos to provide online games online, where individuals online games are offered on a licensed and regulated system. This will let the prime intercontinental vendors the prospect to supply solutions to these card rooms and casinos. There is no ‘bad actors’ clause, but the vendors are not allowed to work their personal space, only provide business2business providers to present card rooms. This indicates the best platforms operating as networks, offering skins to neighborhood interests, with shared player liquidity on common platforms.
This bill also opens the door to interstate cooperation, exactly where participant liquidity could be further unfold on platforms licensed in multiple states.
Most of the regulatory depth is still left up to the Commission to build. This will permit the Fee to adapt far more rapidly, to altering technologies and marketplaces, than if each and every little element was codified in the RCW, the place any adjustments would want to be done by the legislature.
You can discover, and comply with, the invoice here. On that page, you will uncover links to the full textual content of the monthly bill, what development it has made, and a button to give you an possibility to remark on the invoice. It would be very good to have as several WA players as we can give positive opinions on this bill.