How an Asian Casino Is Relying On Poker to Turn Things Around

An Asian casino running on losses, the Queenco Casino and Hotel is hoping to get back on track and enhance its international repute with the help of poker. The Cambodian casino’s first step in its attempt was hosting the Asia Poker Tour or the APT, which is a prominent poker competition that takes place every year. The APT has been entertaining poker enthusiasts in Cambodia since 2012. This year, the event was held in Queenco, mostly to promote the city of Sihanoukville (where the casino and hotel is situated) as a gambling hub.

Poker Game

Queenco to host more international events

Queenco Casino and Hotel had losses amounting to 1.5 million Euros or $2 million as of the end of 2013. The casino, which is owned by the Israeli Queenco Leisure International Ltd., has entered into an agreement with the organizers of APT to host the yearly tournament and at least two other major poker tournaments, said Meni Akunis, the chief operations manager of the casino. There are major doubts about the capability of the Queenco casino to sustain those losses and come back to compete with other players in the market, according to a report submitted by its parent company in 2013.

Hoping to turn tables with poker

Cambodia is the biggest gambling jurisdiction in Asia, with around 56 casinos that have more than 7500 slot machines and 2500 table games. Cambodian law does not allow its citizens to gamble in their country. However, outsiders are more than welcome to enjoy a game of poker or other games at their casinos. Mr. Akunis said that the management hopes that the tables will turn once the Sihanoukville International Airport starts receiving international flights. Only recently, the airport welcomed its first international flight from South Korea.

Unusual Poker Games that are Fun and Challenging

Poker is one of the most popular card games in the world, and while it’s always been and will continue to be an exciting game, sometimes it’s good to try one of the numerous poker variations that are available. Not only are these intriguing games in their own right, but it’ll keep your card playing skills sharp instead of having them stagnate by playing the same type of game over and over again. Let’s take a look at two of these popular variants and see exactly how to play them.

poker badugi

Badugi

There is some controversy over the origin of Badugi, but what we know for certain is that’s it’s been played since at least the 1980s. Suits play a critical role in this game, and it’s very similar to lowball. The goal is to be the player with the best four card low hand. However, it’s important to remember that in this game, there are three draws and similar suits and pairs will count against you.

Four cards are dealt to each player at the beginning of the game. The greatest hand possible is 4-3-2-A, with each card having its own suit. Try to avoid pairs and the same suits. Having a ‘badugi’ refers to four different cards of different suits, and having that will win you the game. If two players have ‘badugi,’ then whoever’s hand is lowest wins. If no one has it, then it’s whoever has the lowest three non-pair and different suited cards wins, or the lowest two. There are three bets and three draws after each round, the lowest wins. Additional information on how to play Badugi can be found here.

Guts

This is a classic variant, and it’s like having a game of chicken and features lots of opportunities for bluffs and big showdowns. There are several ways to play the game, but the most popular is to have players ante up and then be dealt three cards a piece. At this point, players can determine for themselves if they want to play the hand, which depends on its strength or their ability to bluff. Afterwards, players hold their cards near the center and the countdown begins – 1, 2, 3, ‘guts.’ On guts, players will either fold or hold up their cards to advance. The highest three cards win the whole pot. The game lasts until there is only one player left holding up their hand. Here is some more info about how to play Guts.

Macau’s Poker King Club

Tom Hall, a successful professional poker player, provides intimate details of Macau’s Poker King Club in an interview with Poker News. Here is a summary of the most interesting things that he had to say.

How many players participate in the games?

Tom HallSince the event began, there must have been 100-200 different players who have taken part. However, there is always a core of 20-30 players that are playing at least once a month. In fact, there are five or six players who get to a game every time they are in Macau, which is very often. Line ups are always changing, but unless a newcomer is added to the list, most of the players know each other quite well by now.

Are there ever limit games?

Some of the smaller games have limits, but the big game is always a no-limit hold’em style.

How hard is it for players to get an invite?

I would imagine that it is very difficult, because there are only a certain amount of players that can get access to each game. Even among the regulars who have played a few times, there is a large waiting list. If a newcomer is going to get in, it is because they have impressed people at other tournaments or they are very well connected.

Do language barriers create issues?

No. When we are playing a game, everyone knows enough about poker to be able to let the game flow without having to talk to each other. There can be awkward moments where several groups of people are talking amongst themselves in different languages, but I suppose that happens everywhere.

What are the wins/losses in numbers?

The most someone has lost (or won) at a table in a single session would be around $13 million. Just remember that these are very long sessions, sometimes lasting 30 or 40 hours. We will have a break where everyone grabs a quick nap, watches the live soccer games, or goes for a meal.

For more information about Tom Hall and the Macau poker scene, click here.

Sunday Prime: Ally Squire and Paul Senter Finish 1-2

Despite having a very low buy in compared to other major tournaments, the Sunday Prime at iPoker Network is very popular among major players. This week’s event saw 1,298 players taking part, with a prize pool of close to 50,000 euros. This day belonged to the British contingent, and a majority of that prize money is now in their bank accounts.

pokerAlly Squire, better known by his screen name of ownerfunkyt0wn, got the biggest win of his online career. He won 8,000 euros and is going to be a lot higher in next week’s online poker rankings. This was a big event for Squire, who has shown promise but never delivered a consistent level of performance when it mattered.

Another British man who had a great day was Paul Senter, or Senta999, who got through in second place and won 6,000 euros. His day was just as impressive, and he presented a very difficult challenge for squire to overcome.

Keith Cummins, or Whassup999, had a great Sunday. He finished in a respectable ninth position at the Sunday Prime, winning 500 euros. However, his real success came at the Sunday Masters event (150 euro buy in) where he won close to 4,000 euros.

Another Brit who enjoyed his afternoon’s poker work was Nelius Foley (TheLAstCook) who took home a little more than 3,000 euros at the Sunday Warm-Up event (50 euro buy in).

PokerStars: Plenty of Near Misses

Unfortunately, this week was not a great time for British players at the PokerStars event. We are usually used to seeing big wins from Brits, but most of them fell short of their expectations at the Sunday 500 and Sunday Million events. “Chaz D 87” managed to win $24,000 with fifth place at the Sunday 500, while “easylimp” came in sixth place and won $18,000.

“OJLimpsinn” got to within the final table for the $260,000 first prize at the Sunday Million event, but he had to settle for $12,000 and ninth place. He will be hoping to do better at future events.

For more details about the exploits of British players this week, click here.

Southland Patk Expands

 

Just outside of Memphis, in West Memphis, Arkansas, Southland Gaming and Racing has announced a major expansion of their gaming setup and gaming floors. While this space is more than just a casino, it is becoming something that can host many more gamers and many more tourists.

The casino boats on the Mississippi River have been a boon to local economy for quite some time. However, the best destination for tourists has all of the amenities that are coming to South land. With over 500 new gaming machines, tourists are going to be able to play as much as they want inside the building without ever going out to the track.

Most times, casinos do not have a track attached, but this tourist hub will be able to host games who like a little of sports betting as well as traditional gaming.

The facility is also going to focus on having more restaurant and entertainment options inside the facility. With these new amenities, the track hopes to draw in more people then they would with just the track. Extra gaming machines are supposed to make the hub into more of a casino and gaming center in the Mid-South. This will allow for tourists in the area to do more than just hop on a riverboat. Now they can bet at the track and game at the same time

Greek Gambling Taxes Vex Online Poker Players

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The Rational Group, which operates popular online poker sites PokerStars and Full Tilt Poker, announced in November that it will begin withholding taxes from Greek player winnings in order to comply with local tax codes. This change drew the ire of Greek players, many of whom expressed their feelings in a thread on popular poker forum Twoplustwo

Tax Withholding Details

Under the Greek gambling taxation scheme, all winnings of less than €100 are tax-free while a 15 percent tax is applied to all winnings between €100 and €500. Winnings over €500 are subject to a 20 percent tax rate. The appropriate amount of taxes is withheld on a daily basis by the poker room itself. What makes this arrangement especially odious to players is that losing days cannot be used to offset winning days thus making the effective tax rate on winnings much higher than it may seem at first glance.

A Cumbersome Workaround

Affected players quickly realized that tournament registrations are countedaces-cards-poker-gamblingagainst winnings for the purposes of tax collection even if the tournaments in question are scheduled to occur on a future date. Tournament unregistrations count as profits for the days during which the unregistrations take place.

A player who has won €120 on a given day could register for a future €22 tournament in order to bring his daily profits below the €100 threshold. On a future date, when the player has a daily profit below €78, that player could then unregister from the tournament effectively juggling his profits around to minimize tax liability. By this process, dubbed “Taxes hold’em” by online wits, players from Greece can make thousands of euros of taxes per year disappear completely.

An Uncertain Future

The future of Greek online poker looks grim especially for those poker professionals who rely upon the game for their income. Loopholes may be closed in future thus subjecting players to the full brunt of the tax code. Only by allowing players to subtract their losing days from their winning ones will Greece enable a flourishing and sustainable online poker ecology.

European Lotteries React to Philippines Typhoon Disaster

Organizations involved with European lottery funds have faced some pressure starburst wheelto donate funds to Philippine typhoon relief. In at least one case, the lottery fund has responded.

The Philippines were devastated by typhoon Haiyan in November, 2013. The storm left more than four million homeless, and destroyed large parts of the island nation’s infrastructure and industry. Total damage has been estimated at at least £500 million (€590 million).

The Big Lottery Fund (BLF) will make up to £5 million (€5.9 million) available to UK charities for typhoon relief. The fund disperses income gained from the UK’s National Lottery. Typhoon aid distributed from BLF through its International Community Programme will be targeted for rebuilding communities and infrastructure.

Peter Ainsworth, BLF Chair, explained that the fund’s mission supports people and communities most in need. The BLF is coordinating its efforts with a number of UK charities, and its donation will complement other UK relief and rebuilding efforts already underway in the Philippines.

In a related effort, more than 130,000 people signed an online petition asking that an unclaimed £12 million (€14.2 million) prize in the EuroMillions Lottery be donated to typhoon relief efforts. The organizers have been unable to agree to this, due to regulations on how unclaimed prize funds are to be used. The EuroMillions lottery is available in the UK, through the National Lottery, and eight other European nations.

Lottery organizers explained that the money cannot be donated, because it will rollover into the next Lottery prize drawing. While expressing sympathy with the petitioners, a EuroMillions spokesperson explained that the money must be considered the property of lottery players, and used for prizes. As a result, the money from the unclaimed prize will roll over into the next jackpot.

About 28 percent of National Lottery proceeds go to charitable causes and organizations. According to Lottery organizers, this has involved more than 400,000 individual grants total £35 million (€41.5 million).

Organizations involved with European lottery funds have faced some pressure to donate funds to Philippine typhoon relief. In at least one case, the lottery fund has responded.

The Philippines were devastated by typhoon Haiyan in November, 2013. The storm left more than four million homeless, and destroyed large parts of the island nation’s infrastructure and industry. Total damage has been estimated at at least £500 million (€590 million).

The Big Lottery Fund (BLF) will make up to £5 million (€5.9 million) available to UK charities for typhoon relief. The fund disperses income gained from the UK’s National Lottery. Typhoon aid distributed from BLF through its International Community Programme will be targeted for rebuilding communities and infrastructure.

Peter Ainsworth, BLF Chair, explained that the fund’s mission supports people and communities most in need. The BLF is coordinating its efforts with a number of UK charities, and its donation will complement other UK relief and rebuilding efforts already underway in the Philippines.

In a related effort, more than 130,000 people signed an online petition asking that an unclaimed £12 million (€14.2 million) prize in the EuroMillions Lottery be donated to typhoon relief efforts. The organizers have been unable to agree to this, due to regulations on how unclaimed prize funds are to be used. The EuroMillions lottery is available in the UK, through the National Lottery, and eight other European nations.

Lottery organizers explained that the money cannot be donated, because it will rollover into the next Lottery prize drawing. While expressing sympathy with the petitioners, a EuroMillions spokesperson explained that the money must be considered the property of lottery players, and used for prizes. As a result, the money from the unclaimed prize will roll over into the next jackpot.

About 28 percent of National Lottery proceeds go to charitable causes and organizations. According to Lottery organizers, this has involved more than 400,000 individual grants total £35 million (€41.5 million).

Sources:

BigLotteryFund

MetroCoUk

NationalLoterryUK

BigLotteryFund

MetroCoUk

NationalLoterryUK

Conor Murphy Wins $1.5 Million

Conor Murphy was just another stable hand working for a man who trained and raced horses. After watching his boss work with a number of different horses, he realized that one of those creatures stood out amongst the rest.

When he heard that his boss entered the horse in an upcoming race, he sat down and decided how much he could afford to bet.Conor Murphy Wins Just a few months before the race, he put down $75 on the animal and hoped for the best. His bet also covered the other four horses owned by his boss, which led some to question if he even looked at the odds. The odds of all five horses finishing in the top spots was slim to none.

Many people don’t realize that betting in advance can increase the odds of winning. With three months to go before that race, Murphy didn’t know if the track would disqualify the horse based on any issues or if the horse would even be healthy enough to run the race. When race day finally arrived, Murphy walked away with a check for $1.5 million, proving that betting on his boss’s horses was a smart idea.

The Best Bets: Learning What Casino Games Have The Best Odds

Some games at the casino have better odds than the others. You might think that it is all luck based, but there are some specific things that you can look at to help improve your odds at winning money.

Take a look at this infographic to learn about factors like house edge, odds, machine games versus table games, and what games have the best odds. By playing games that minimize the edge the casino has, you can increase your chances of winning.

INFOGRAPHIC - Which Casino Games Have The best Odds

Arm you and your friends with the infographic below and be better prepared the next time you’re at the casino. Thanks to the great folks at Casino UK for producing this insightful piece!

A fan favorite Blackjack

Many people love to play hands of blackjack. It has long been a fan favorite. The game is easy to learn how to play, and people love it when they are able to bring home a little profit with them from the game. The thing about blackjack is that it has long been a game that people were only able to find in brick and mortar casinos for a very long time. That is not the case anymore. Now, the online casinos are getting in on the act, and they are providing players with the chance to play this much loved game whenever they want.

Online Blackjack

The online version of blackjack is played just the same way that it is played in the brick and mortar casinos. The difference is that thereblackjack-cardcounting are more opportunities for bonuses when playing online than what one might find if there were playing in a traditional casino. This is why so many are now logging onto their computers to play the games rather than going to their local casino.

Other Advantages

There are other advantages to playing online that do not have to do with bonuses. This would include the fact that many people like to play online in order to avoid the noise and crowds that come with going to a traditional casino. For some people that is the appeal of the whole experience, but there are many others who are not as interested in that kind of thing.

Those who like to be in the comfort of their own home but still want to gamble should give online gambling a try. They can simply deposit some of the money that they would like to play with into their online account and see what is able to come of it. Some are able to even turn a profit for themselves.

Fast Action

The online casinos offer the fastest possible action when it comes to blackjack because it is all done electronically. There is no wait time for the human dealer to scoop up the cards and there is no lag time for the dealer to shuffle. Everything is done on the computer screen, so the action is fast and continuous. Many players like this for the simple fact that they are able to continue playing and playing without having to waste any time waiting on the above mentioned things.