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Circumstances surrounding live poker have changed quite a bit, but the poker industry has shown once again its willingness to change and adapt. Organizers of many major land-based poker tournaments (including the World Series of Poker) have moved their events online where they have kept going strong. The World Poker Tour is following that pattern.
For the longest time, Party Poker had a sub-standard initial deposit bonus offer that was trumped by many of the other rooms. Not anyone though. A new CEO has breathed new life into the company, and one of his first moves was to introduce the brand-new 'Super Sign-Up Bonus'. This bonus is available to all new depositors to Party Poker.
Nov 20, 2020 In the announcement, WPT CEO Adam Pliska characterized the event as part of “WPT’s continued pivot toward online.” Meanwhile Angelica Hael, vice president of Global Tour Management, referred to the continued collaboration between partypoker and the WPT, suggesting “this $1 million guarantee will push our partnership to new heights.”. WPT and partypoker NJ Launching First-Ever WPT Online Borgata Series in New Jersey This Sunday Running from September 13 – 21, the series kicks off with a $100,000 guaranteed event. Circumstances surrounding live poker have changed quite a bit, but the poker industry has shown once again its willingness to change and adapt.
In cooperation with partypoker New Jersey, Borgata is staging its first-ever WPT event to fully take place online. Featuring a guaranteed prize pool in excess of $275,000 across 10 separate events, the WPT Online Borgata Series will kick off on Sunday, September 13, and will last for a full week jam-packed with action and big prizes.
WPT Online Borgata Series in New Jersey Features Various Event Formats
With 10 different tournaments scattered across eight days, the WPT Online Series offers something for everyone, at least as far as NLHE fans are concerned. This time around, organizers have decided to go with just Hold’em tournaments and keep things simple.
That said, there is a variety of different formats on offer, from straight-up freezouts to progressive KOs (PKOs), so the series definitely does not lack color. Some of the highlight tournaments include:
- WPT #1 – the opening event taking place on Sunday, September 13, featuring a $215 buy-in and a $100,000 guarantee
- WPT #4 – a heads up tournament with a buy-in of $535 on September 19
- WPT #8 – $30,000 guaranteed PKO with a $215 buy-in
- partypoker NJ WPT Main Event on September 20 featuring a $1060 buy-in
Players can register for and participate in all WPT online events through the partypoker US network, BorgataPoker, or betMGM NJ. All three clients offer access to the same exact schedule and everyone will play together in the tournaments.
Special Discount for the HU Event
The heads-up event on September 19 is clearly targeted at players who consider themselves proficient in this format. Namely, the tournament is capped at just 32 entries and the organizer is looking to fill all the seats before the deadline. So, as a special incentive, all players who register before September 16 will receive the tournament fee ($35) back once the event concludes.
No Guarantee for the WPT Online Borgata Series Main Event
Looking at the schedule, one thing that does stick out is the fact the Main Event features no guaranteed prize pool. Perhaps the organizers just aren’t sure how much interest they will be able to generate given the fairly high buy-in and they opted for no guarantee at all instead of advertising a conservative number.
Although the $1060 buy-in for the WPT online Main Event is quite high, players can get their seat at a discounted rate through Phase events. These Phase events cost only $109 to participate and are similar to satellites but aren’t exactly the same.
Once Phase events are completed (at the end of level 22), all remaining players will advance to Phase 2 of the Main Event. Unlike satellites where players enter the target event with a standard starting chip stack, those players that gain entry through a Phase 1 event will start play with the number of chips they carry over from Phase 1.
The final table play of the WPT Online Main Event will be streamed live as well, so poker fans from around the globe will be able to follow the action as it unfolds, and enjoy some top-quality poker. Things around the world may have changed, but the poker industry is certainly doing its best to stay ahead of the curve and keep players and fans as happy and as content as possible.
WPT and partypoker Forging a New Tradition
When the whole poker world came to a virtual stop due to the coronavirus pandemic, players and tournament organizers alike found themselves in a very difficult spot. The World Poker Tour was one of the first organizations to accept the new reality and come up with a solution.
Back in May, WPT and partypoker joined forces to launch the inaugural online World Poker Tour featuring more than $35,000,000 in guarantees. The WPT Online Championship event featured a buy-in of $3200, and a staggering $5,000,000 guaranteed prize pool. In the end, the tournament attracted 2,130 entrants, shattering the guarantee by almost $1.4 million.
In June, the WPT brought its online events to the US with its first-ever WPT Online Poker Open on partypoker NJ network in New Jersey with $300,00 in guaranteed prize pools.
In July the WPT World Online Championships kicked off on partypoker with a whopping $100 million guaranteed. The series has been extended and is still running in the .com market with a new scheduled end date of September 24.
In an exclusive interview with pokerfuse, WPTCEO Adam Pliska made it clear that the WPT views its online events as being just as prestigious as its land-based events.
While things are bound to get back to their normal state at one point or another, the WPT has set the foundations for a new tradition – one that entails online events and makes tournament poker more accessible to players around the world. Given the success thus far, the WPT Online could become a regular feature even when live poker is back on track.
WPT Online Borgata Series Schedule
| Day | Date | Time | Event | Total BuyIn | BuyIn | Fee | Bounty |
|---|---|---|---|---|---|---|---|
| Sunday | 9/13/20 | 5:00 PM | WPTONLINEBORGATASERIES #1: SUNDAY $100K GTDNLH | $215.00 | $200.00 | $15.00 | |
| Monday | 9/14/20 | 7:30 PM | WPTONLINEBORGATASERIES #2: $10K GTDNLH R+A | $109.00 | $100.00 | $9.00 | |
| Tuesday | 9/15/20 | 7:30 PM | WPTONLINEBORGATASERIES #3: $30K GTD 8-MAXFREEZEOUT | $320.00 | $300.00 | $20.00 | |
| Wednesday | 9/16/20 | 7:30 PM | WPTONLINEBORGATASERIES #4: $20K GTDNLH | $215.00 | $200.00 | $15.00 | |
| Thursday | 9/17/20 | 7:30 PM | WPTONLINEBORGATASERIES #5: $25K GTDPROGRESSIVEKNOCKOUT – BOUNTY | $535.00 | $250.00 | $35.00 | $250.00 |
| Friday | 9/18/20 | 7:30 PM | WPTONLINEBORGATASERIES #6: $20K GTDSIX-MAXNLH | $215.00 | $200.00 | $15.00 | |
| Saturday | 9/19/20 | 7:30 PM | WPTONLINEBORGATASERIES #7: HEADS UP – 32 MAXBRACKET | $535.00 | $500.00 | $35.00 | |
| Saturday | 9/19/20 | 7:30 PM | WPTONLINEBORGATASERIES #8: $30K GTDPROGRESSIVEKNOCKOUT – BOUNTY | $320.00 | $150.00 | $20.00 | $150.00 |
| Sunday | 9/20/20 | 5:00 PM | WPTONLINEBORGATASERIESPHASE 2 – $1060 Buy-In Main Event powered by partypoker US Network | $1,060.00 | $1,000.00 | $60.00 | |
| Sunday | 9/20/20 | 8:00 PM | WPTONLINEBORGATASERIES #9: $20K GTDTURBOPROGRESSIVEKNOCKOUT – BOUNTY | $215.00 | $125.00 | $15.00 | $75.00 |
| Monday | 9/21/20 | 7:00 PM | WPTONLINEBORGATASERIESPHASE 2 – DAY 2 LIVESTREAMEDFINALTABLE | ||||
| Monday | 9/21/20 | 8:00 PM | WPTONLINEBORGATASERIES #10: $20K GTDTURBOPROGRESSIVEKNOCKOUT – BOUNTY | $215.00 | $100.00 | $15.00 | $100.00 |
PGCB member Terry Johnson (pictured) grilled GVC Holdings CEO Kenneth Alexander about his Ladbrokes Turkey decisions.
Nevada Gaming Control Board (GCB) gave Euro online-gambling giant GVC Holdings conditional approval on several different fronts. One of those is for an interactive gaming license that is expected to bring the return of the PartyPoker brand to Nevada.
GVC Holdings received approval to operate in Nevada for the first time. Meanwhile, GVC’s licensing means partypoker could return to Nevada for the first time since 2006, when the US Congress enacted the UIGEA law.
The Nevada Gaming Control Board met with several of GVC’s key executives in their bi-monthly business hearing where they addressed licensing matters involving GVC. Among those interviewed was GVC’s CEO Kenneth Alexander. Regardless of contested issues by Terry Johnson in the May 8 interview, GVC was able to walk away with a conditional approval for its Bwin.Party (USA) entity.
Bwin is the parent company of GVC’s PartyPoker operations, which include the online-poker and -gambling portion of GVC as well as the MGM-owned Borgata in New Jersey. MGM has been in recent works with GVC with discussions of potential casino partners. However, MGM Resorts is not the only operator that GVC Holdings might partner with in Nevada.
Ladbrokes Coral Group
The GVC also received conditional approval from the NGCB to partner with Ladbrokes Coral Group as their intermediary company. This could push GVC to push their partnership with casinos. The Ladbrokes brand might possibly to put in to compete with the William Hill sportsbooks and kiosks currently running in the state.
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PartyPoker Licensing Possible
GVC still has a long road ahead of them and the process to kick off its PartyPoker brand. PartyPoker will be required to apply for a full license. The company has two years before that time comes.
Once two years pass, the Party brand will be handed back to the state, which was last available to Nevada residents as a grey-market offering by the old PartyGaming.
Back in 2006, the Unlawful Internet Gambling Enforcement Act forced many UK and European poker sites out of the US market. PartyPoker, one of the biggest card sites on the Internet at the time, was one of those companies. It was a huge blow to the company’s revenues.
Party Poker Return to Nevada?
Since then, PartyPoker has seen several different owners. Its current owner, GVC Holdings, has grown over from a mid-sized company into an online gaming giant. GVC now owns major brands, including Bwin, Party, Ladbrokes, Coral, Gala, SportingBet, and EuroBet.
Due to their now more diverse group, they have acquired a certain number of grey-market gaming sites, or at least sites that work in the gray market outside of North America and Europe. To gain licensing in the United States and other major marketplaces, GVC Holdings continues to tweak its business model, hoping to become a purely white-market operator.
GVC and Ladbrokes Turkey
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Terry Johnson, a member of the Nevada Gaming Control Board, questioned Kenneth Alexander and other GVC execs about their presence in Turkey. When GVC acquired Ladbrokes’, it inherited Ladbrokes’ Turkey operations, which NGCB members considered “shoddy”.
Kenneth Alexander explained that GVC Holdings weighed their options in Turkey, then ultimately walked away from the Turkish market. That was not the decision in every case.
According to reports in the gaming media, GVC Holdings was in no hurry to cut loose some untrustworthy operations. In fact, one prominent media outlet alleged GVC falsified certain Turkish-based credit-card transactions in order to cover up continuing gray market activities.
Terry Johnson Grills Kennetth Alexander
Terry Johnson brought up the subject of internal fraud with Alexander. Johnson, who claimed fraud was endemic, said to Alexander, “People were actually stealing from you. They were defrauding you and because you were engaged in questionable activity, you were without much recourse to go after them because of what you yourself were doing as a company.”
“I’m actually surprised at the glossing over what has transpired with these payment transactions, particularly as it related to the essence of regulated gaming here in Nevada.”
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Kenneth Alexander Defends Record
Johnson also criticized Mr. Alexander’s supposed lack of responsibility as an executive. The PGCB member said, “I’m at a loss to understand where exactly did the buck stop in the company if it didn’t stop with you. [How] are we to be assured that going forward you’re going to be at the helm of this company in a different manner than what transpired over the past several years?”
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Despite the lack of support from Terry Johnson, GVC Holdings managed to walk away victors with the 2-1 split decision. Mr. Johnson was the dissenting vote. Chairwoman Sandra Douglass Morgan and Phil Katsaros found in favor of GVC’s Nevada gaming license. Both agreed that GVC had done enough to earn conditional approval.
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