Posts Tagged ‘pokerstars’

PokerStars Bailing Out PKR Players Left Holding the Bag

 PokerStars Bailing Out PKR Players Left Holding the Bag

One of the worst things that can happen in the online poker world is when a poker site closes shop, leaving players looking for another room at which to play. Even worse is when the poker site goes under and takes its customers’ money with it. But that’s exactly what happened in early May when Microgaming Poker Network (MPN) skin PKR.com filed for administrative protection (basically the UK’s equivalent of bankruptcy) and subsequently disappeared.

While player funds were frozen at the time, it was believed initially that customers would receive their money. MPN’s Head of Product, Alex Scott, said in a blog post, “PKR has repeatedly assured us that player funds are held in a segregated client account, for the express purpose of storing such funds, in accordance with their licence obligations in the United Kingdom and Alderney. We believe this to be true.”

He added, though, that just because the funds were in a segregated bank account does not mean that the money would make its way into players’ pockets.

Scott was prophetic. PKR is gone and so is everyone’s money.

Enter PokerStars. The world’s largest online poker room announced last week that it has reached an agreement with PKR’s court-appointed administrator in which it will step in and make PKR players whole. All PKR players, regardless of whether or not they already have a PokerStars account, will get their PKR money back, straight from PokerStars’ coffers. There are no strings attached to the deal; PKR players can immediately cash out their funds from PokerStars if they so choose.

Players will (or already did) receive an e-mail from PokerStars detailing the steps required to claim their funds. For those who already have PokerStars accounts, “it should take just a few clicks.” Those who are not PokerStars customers will need to create a Stars account, but it should still otherwise be a fairly simple process and those people will not be required to play at all on PokerStars.

Some people may look at this and think PokerStars is doing it just to get in everyone’s good graces and that’s partially correct. PokerStars readily admits it but also says the important thing is to help poker players:

We expect that some players will choose to use that bankroll to play with us and we will gain some new customers, which is certainly a good business decision on our part. However, the motivation behind this move is simple: to do what’s right.

PokerStars concluded its blog post with the following:

We’re not doing this to improve our bottom line and we are not acquiring or planning to revive the PKR software platform. We’re doing this because we think it’s the right thing to do for the poker world and to encourage others to join us in putting you, the player, first by segregating and protecting player balances from operating funds. PokerStars is proud that we’re in a position where we’re able to step in and help these players and encourage all companies in the industry to put players first.

Poker News Daily

Players Choose Progressive Knockout for PokerStars SCOOP Finale

 Players Choose Progressive Knockout for PokerStars SCOOP Finale

The PokerStars Spring Championship of Online Poker (SCOOP) began this weekend and though the public could see the two-week schedule in its entirety online, that schedule had been incomplete until Monday. Still open was the Event #57, the Players’ Choice event, whose game type, as one would figure based on its title, was left up to players to decide upon. PokerStars hosted the vote on its Facebook page, allowing people to vote by “like” emoticons. That vote closed yesterday and emerging has the clear winner was No-Limit Progressive Knockout, a tournament suggested by popular Twitch streamer Jamie Staples.

“Progressive Knockouts are a really fun form of tournament; I am excited this has been the most voted option. I wish everyone the best of luck in the Players’ Choice event!” said Staples in a press release issued by the world’s largest online poker room.

Progressive Knockout tournaments are not for the passive player, not for the kind of person who is content with trying to fold their way into a min-cash. Read: I would be terrible at Progressive Knockouts.

As the name implies, it is a knockout tournament, where part of the buy-in is used as a bounty on every player’s head. Eliminate a player, claim their bounty.

But the Progressive Knockout takes it to another level entirely. In these, half of the buy-in is put into the prize pool, while the other half is the bounty on the head of every player in the tournament. So, in a $ 10 buy-in event, $ 5 from each player goes to the prize pool and $ 5 is the bounty on each player. But it gets a bit more complicated than that. When you eliminated an opponent, you don’t get their entire bounty; you only get half. The other half is added to your OWN bounty, making you an even juicier target for your opponents.

What that little twist does is make Progressive Knockout Tournaments more action-packed, as so much of the value comes from actually notching eliminations. And it’s not just about being aggressive in trying to knock people out. The aggressive play needs to start from the get-go, as players must build up big enough stacks to allow them to have opponents covered and be able to eliminate them when the opportunity arises.

“We always take into account the latest trends and player preferences when building the SCOOP schedule,” said Mike Jones, Poker Operations Manager. “A Players’ Choice event is a great way for our customers to directly contribute to that. This event will be a fun way to close out SCOOP 2017, and I’m delighted that our players chose this format.”

The Players’ Choice event will be held on Monday, May 22nd at 11:00am. The three buy-in levels will be $ 11, $ 109, and $ 1,050. Jamie Staples plans on streaming all of his SCOOP events, opting for the low-tier buy-in.

Poker News Daily

PokerStars Opens Voting for SCOOP Players’ Choice Award

 PokerStars Opens Voting for SCOOP Players’ Choice Award

The PokerStars Spring Championship of Online Poker (SCOOP) is underway, but there is one event on the schedule later this month in which the details have yet to be completed. The 57th and final event of the 2017 PokerStars SCOOP is the Players’ Choice event, where the game type is to be determined by – as you might guess – the players. To tally the votes, PokerStars has put up a public poll on its Facebook page.

There are four event candidates, each chosen by one of the members of Team PokerStars Pro Online: Jaime Staples, Mikhail Shalamov, Randy Lew, and Lex Veldhuis. Here are the options:

No-Limit Hold’em Progressive Knockout – in this type of tournament, half of the buy-in goes to the prize pool and the other half is used as a bounty on each player’s head. When you eliminate an opponent, you don’t get all of their bounty, but rather just half of it. The other half is added to your own bounty. Thus, eventually there will be players who will be gigantic targets.

Jamie Staples, the popular Twitch streamer who suggested the Progressive Knockout for SCOOP, said in a press release, “I believe Progressive Knockouts are the future of tournament poker. It adds a layer of complexity, and excitement that starts from the very beginning of the tournament.”

No-Limit Hold’em Six-Max Win the Button Turbo – fairly self-explanatory, in a Win the Button tournament, the player who wins the hand receives the button for the following hand. The button does not move around the table like normal.

“This format is great,” Mikhail Shalamov said, “even when you’re not in the hand you get to cheer for other people to win the pot so that you don’t have to post big blind.”

No-Limit Hold’em Six-Max Deep Stacks Turbo – Randy “nanonoko” Lew is the proponent of this one, saying “A lot of times in tournaments we don’t get the option of playing with deep stacks like in cash games, so I’d love to see more deeper stacked tournaments come into play.”

Six-Max Pot-Limit Omaha – hey, another six-max game (and the press release prefaced it with a NLHE designation, which is obviously just a copy/paste error).

“Pot Limit Omaha is a great game,” explained Lex Veldhuis. “There is a lot of depth to it. Even when you’re short stacked in tournaments there is a still a lot of room to play. Every street is an all-out war because people can represent so many different hands.”

Players can vote for their choice (players’ choice!) on Facebook by selecting one of four emoticons, representing each of the four games. To be honest, I feel kind of bad for Lex Veldhuis, as the “angry” emoticon is associated with his tourney.

Voting ends at noon ET on May 8th and the winner will be announced that same day. The event will have three buy-in levels: $ 11, $ 109, and $ 1,050.

Poker News Daily

PokerStars Championship Monte Carlo Day 2: Kolkowicz Takes Over, Petrangelo Out

 PokerStars Championship Monte Carlo Day 2: Kolkowicz Takes Over, Petrangelo Out

The field of the 2017 PokerStars Championship presented by Monte-Carlo Casino Main Event (man, I hate that name) was cut by two-thirds on Tuesday, as the 134 players that began the day are now just 45. France’s Michael Kolkowicz is the chip leader of the first PokerStars Championship Main Event in Europe with 1.445 million chips. Not far behind is Stefan Schillhabel with 1.380 million. Davidi Kitai is also above the million chip mark.

One of the more stunning developments of Day 3 was the busting of Nick Petrangelo, who was the chip leader going into the day. Now, early-to-mid tournament chip leaders often hit the rail well before the final table, but in this case, it is the suddenness of Petrangelo’s departure that was so surprising.

It was just two hands, really, that did him in, though doesn’t every hand in a tournament ultimately contribute to the end result? In the first hand, Petrangelo raised pre-flop and then Alexandru Papazian three-bet to 30,000 chips. Romain Nardin then moved all-in for 135,000 and Petrangelo shoved all-in over the top. Papazian folded and Petrangelo showed A-K suited, way ahead of Nardin’s A-8 offsuit. Nardin, though, flopped an 8, sucking out on Petrangelo and staying alive while Petrangelo saw his chip stack fall to 230,000.

Not long thereafter was a bombshell of a hand.

One player raised to 11,500 pre-flop, 2014 World Series of Poker Main Event champ Martin Jacobson re-raised to 40,000, leaving himself very thin. Petrangelo called, Nardin then four-bet, and Jacobson called off the rest of his chips, the obvious play at that point. Petrangelo proceeded to move all-in for 350,000 (he had chipped up since the suckout hand) and Nardin stayed right with him, calling.

Nardin held A-K, Petrangelo had pocket Jacks, and Jacobson, the shortest stack of the three, had pocket Tens. Nardin was behind, but he was very much drawing live. The flop was 9-4-9, helping nobody and keeping Petrangelo in the lead. The 5 on the turn changed nothing. That all just served to build up the drama, as an Ace was dealt on the river, giving Nardin the best pair and knocking two fantastic players out of the tournament.

That massive pot took Nardin up to 800,000 chips. He wasn’t able to keep up his hot streak, but he is still alive going into Day 4 with 577,000 chips.

The plan for Wednesday is for the 45 remaining players to gather at noon local time at play through five 90-minute levels, each followed by a 20-minute break. Everyone at this point is guaranteed at least €15,420. That figure does not increase until there are 31 players left in the field. Six-figure prizes are not awarded until the final six, so there may be some big moves made early as players jockey to build up their stacks.

2017 PokerStars Championship Monte-Carlo Casino Main Event – Day 3 Chip Leaders

1.    Michael Kolkowicz – 1,445,000
2.    Stefan Schillhabel – 1,380,000
3.    Davidi Kitai – 1,087,000
4.    Maxim Panyak – 921,000
5.    Marius-Catalin Pertea – 860,000
6.    Moritz Dietrich – 821,000
7.    Bertrand Grospellier – 766,000
8.    Sergio Aido – 719,000
9.    Hossein Ensan – 718,000
10.    Alexandru Papazian – 670,000

Poker News Daily

PokerStars Championship Monte Carlo Day 2: Nick Petrangelo Assumes the Chip Lead

 PokerStars Championship Monte Carlo Day 2: Nick Petrangelo Assumes the Chip Lead

The PokerStars Championship is back in action, now in sunny Monte Carlo, Monaco. I am not there, personally, so I cannot guarantee that it is sunny, but I would like to think so because whenever I see anything about Monaco on television or perhaps in a James Bond film, it is always wonderful from a weather standpoint. I suppose I could check a weather report on the internets, but that would be a waste of bandwidth. This event is called the PokerStars Championship presented by Monte-Carlo Casino, which is painfully inelegant. I much prefer the standard live tournament naming convention using the city or country rather than the casino name (and the awful “presented by”), so therefore, as you can see in the title of this article, I am siding with my colleague Earl Burton and calling it “PokerStars Championship Monte Carlo.” At any rate, after Day 2, Nick Petrangelo is the chip leader with 562,000, so congratulations to Nick for the time being.

There were two starting flights, but frankly, we are going to ignore those because they occurred when I wasn’t schedule to write and therefore for all intents and purposes* never happened. When registration closed Monday, there were a total of 727 entries for the €5,300 Main Event, creating a €3,525,950 prize pool. 143 players will make the money, but first place will get half a million Euro plus another €800. That’s nice.

Everybody playing on Tuesday has already made the money, as the money bubble burst at the very end of Day 2. Salvatore Candido Graziano had just 28,100 chips with blinds and antes at 1,500/3,000/500. Davidi Kitai made the call, showing A-K against Graziano’s pocket Queens. Race! An Ace flopped and that was it for Graziano, who went home with nothing after many hours of poker.

Odds are (ha, that’s kind of a gambling pun) most of the remaining players are sleeping fairly well Monday night, knowing that they have made the money. One might expect that there will be a bunch of quick eliminations early in Tuesday’s action as the short stacks go all Leeroy Jenkins to try to make amazing happen.

Start time is noon in Monte Carlo and the plan is to play five hour and a half levels. Stay tuned for more hard-hitting coverage!

*I was going to make a joke along the lines of Donald Trump probably thinking the phrase is “all intensive purposes,” but let’s be honest, his vocabulary isn’t advanced enough to even string those words together incorrectly.

2017 PokerStars Championship Monte-Carlo Casino Main Event – Day 2 Chip Leaders

1.    Nick Petrangelo – 562,000
2.    Michael Kolkowicz – 470,500
3.    Patrik Antonius – 452,500
4.    Faraz Jaka – 416,500
5.    Mark Teltscher – 408,000
6.    Stefan Schillhabel – 402,000
7.    Sebastian Malec – 382,500
8.    Andreas Klatt – 375,000
9.    Fabrice Soulier – 364,500
10.    Dmytro Shuvanov – 353,000

Poker News Daily



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