hujJune Newsletter
Partypoker Smacks Fraudulent Accounts!
The rapid increase in online poker has consequently heightened cases of cheating. However, poker rooms are on guard and relentless in a bid to beat this. Over the past 18 months, Partypoker has closed over 1000 accounts on account of cheating. In their recent report, 253 cheater accounts were disposed and around $ 350,000 impounded and credited to the conned players.
Veteran Online Poker Players Cashes in On Coronavirus
The Coronavirus has sabotaged business engagements all over the world and forced people into lockdowns. Consequently, this has caused an increase in traffic to betting sites, and poker is no exception. Online Poker rooms have recorded incredibly huge traffics, and veteran players seem to be flourishing on this engagement. The huge traffics are racking in more stakes and more inexperienced players, making it easy for pros to win. GGPoker, for instance, had to boost up their $ 1.24 m price to $ 4m in their online poker tournament on account of increased players, a whopping 3,662 to be precise.
World Series of Poker Championship Called off till 13th September.
Like many other Poker engagements, the World Series Poker Championship has felt the heat. Due to Covid-19, the event has been pushed till 13th September. The event which comes with several awards, a WSOP golden bracelet and a $1m prize pool, was scheduled to run between August 11th and 13th in North Carolina.
How’s Online Poker Fairing during Corona Pandemic?
It is no secret that Coronavirus has disoriented business entities across the globe. The betting business has also been hitting with most casinos across the world closing shop. However, this has seen tremendous growth in the online poker with people in lockdowns joining in. Online Poker entities have significantly cashed in on the pandemic, recording incredible profits. An entity such as Stars Group in Canada made a whopping $735 million between January and March of this year.
Online Poker Saves the Day!
In Covid-19 pandemic has clearly dished out a hefty blow to betting operators. Live betting entities and casinos have had to close shop, but those entities with online poker have something to smile about. Online poker has been on the rise since the onset of the pandemic. According to Evenbet CEO, Dmitry Starostenkov, online poker is a lifesaver for betting entities. The last two months will be hard to replicate in the history of online poker.
PokerStars Exits the Cyprus Scene
According to several Cypriot and Greek poker outlets, PokerStars, a giant online poker entity, has called it quits in Cyprus. It is alleged that Cypriot players have been locked out from participating in the platform’s games and tournaments, while some claim to have received an email from the entity confirming its exit. Cypriot accounts holders have until 4th May 2021 to withdraw their funds. The entity’s exit is attributed to several reasons; licensing issues, change of ownership, and Greece players’ tax evasion endeavor that entailed registry of Cypriot accounts.
How will Online Poker Fair Post-Covid-19 Lockdown
It is clear as day that online poker entities are smiling their ways to the banks; they have significantly cashed in on the pandemic. However, the big question is, can they keep up the boom when the crowds are let loose from the lockdown? Most people in the lockdown are bored and have consequently turned to available online gambling hence the increased numbers. This will not be the case after lockdown, and furthermore, the expected negative financial repercussions of the pandemic might not support gambling. Nevertheless, it is right to conclude that online poker will emerge healthier post-lockdown; operators are bound to give it more attention after the incredible revenues earned in lockdown.
“Dan Cates is a Cheater,” Dan Bilzerian
Dan Bilzerian has tied professional poker player Dan Cates to the recent Bill Perkins twitter rhetoric. Sometime back, Bill claimed on twitter that he had been conned in a high-stake mobile app game, an unfortunate case that involved a high profile professional player. Bilzerian then accused Dan Cates of having been the cheat playing through Sina Taleb’s account, a little know name in the world of poker.