The Scandals and the Kahnawake Gaming Commission

Posted December 11th, 2008 by LuckyMe

Without a doubt, the recent scandal concerning two popular online casinos has grown to a very big size as all media are paying much of their attention to Absolute Poker and Ultimate Bet.

Both poker rooms involved in the scandals are licensed from the Kahnawake Gaming Commission. In detail, for everyone not fully familiar with the issue, the KGC operates outside of the scrutiny of Canadian law and as an alternative is a way for the Mohawk tribe to receive enormous levels of revenue.

The recent scandal has begun when the Washington Post published an article in which they highly criticize the KGC, soon after, even the Sixty Minutes TV program also included several elements of very strong criticism for the unknown real nature of the Kahnawake Gaming Commission’s licensing and directives.

The truth is that unlike many other online casinos and for sure the licensing jurisdictions, the KGC seems to be pretty mysterious an what is more, even refuses to answer some of the very basic and general questions concerning the way that the Commission simply operates.

Moreover, even such information as the number of workers in the KGC are not known. Frank Catania, without a doubt, has a long standing and respected reputation among the whole online casino gambling industry. In fact, this year Catania accepted the KGC’s appeal to investigate the two online casino poker scandals. Furthermore, Catania’s results was the statement of a player for the Ultimate Bet scandal.

What is more, Catania came across some additional information. For example that the Kahnawake Gaming Commission is a small run operation with only three board members and a very secretive way for the selection and regulation process. However the Commission has not announced any additional information about the amount of employees who work for the KGC.

2008 WSOP Prop Bets

Posted September 8th, 2008 by LuckyMe

As usual, the 2008 World Series of Poker has become the prop bet capital of the world. Remember the bet between Gavin Smith and Joe Sebok, where the person with the fewest Player of the Year points going into the Main Event had to wear superhero outfits? Those two guys love their prop bets, but I’m not sure superhero outfits are enough to inspire the likes of Phil Ivey, Daniel Negreanu, Ted Forrest and company.

While we can’t tell you all of the details (since nobody knows), we do know that the three guys mentioned above, as well as some other big name pro’s have gotten together to create some of the sickest prop bets of the year. First off, Daniel Negreanu and Phil Ivey have some sort of bet on who will win the most bracelets this year. Beyond that, for each bracelet won the loser owes the winner $200,000. With Negreanu winning his first bracelet of the year in the $2000 Limit Hold’em event #20, Daniel not only collects $204K for his win, but another $200K from Ivey! In the words of Daniel Negreanu “Me-1, Ivey-0?.

According to PokerProp.net, Ivey also has a bet with Ted Forrest ($500,000 rumor) that he’ll win 2 bracelets this year. With other players, Phil is reported to have huge bets that he’ll win one bracelet this year. The dollar amounts are sketchy right now, but apparently Phil has been taking bets getting as low as 1.8 to 1 odds that he’ll win a bracelet. Other reports state that he’s getting as ‘high’ as 2.5 to 1. Either way, those odds are pretty terrible for Ivey and with 22 of the 54 events already over, Ivey’s going to need to pull a rabbit out of his arse….or stick or horseshoe in it.

What we know for sure: There are lot’s of high-stakes prop bets going on this year. Phil Ivey’s wife is gonna be pissed when she can’t buy her new Gucci bag. Daniel Negreanu will buy it for her.

What we don’t know….yet: The exact dollar figures. The size of the sledgehammer Ivey’s wife is going to use on his McLaren. If Ivey will be renting a room from Negreanu or Forrest.

What we want to know: Everything, are you kidding me? The prop bets are what make the WSOP so much fun! Although we hate to perpetuate those who use prop bets, costumes, and general retardedness as a way to make it on TV, we do want to see all the prop bets, costumes, and retards…..on TV.

So, if you’re planning on playing in one of this years televised events, wear your Peter Griffin fat suit, get the Pink Panther tattoed on your forehead, or bet your future children on what card is coming next! We don’t care that it’s at your own expense, that’s not our problem. Be a man and claim your 15 minutes of fame, no degenerate poker player can keep his wife forever anyway!

Want to get in on the action? You can at the Bodog Sportsbook, where there are a multitude of fun prop bets you can bet on. You can bet on which player will last the longest in the $50,000 HORSE event, what blogger will win the most money during the main event, or a wide variety of other prop-bets as well. You can also bet on which former Main Event Champion will last the longest in the Main Event. Anyone for Jerry Yang at 16:1? I didn’t think so. What’s especially funny in this particular prop is that 2002 Main Event champ (ugh) Robert Varkonyi isn’t even on the list. You’d think the Bodog would clean house with this pick eh?