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Swedish Online Poker Monopoly Tries To Out-Maneuver EUWed, May 30th, 2007 @ 12:00am Despite a European Union ruling on how goods and services from EU-licensed companies should flow freely across member nations, the Swedish government is rumored to be passing regulations designed to discourage foreign competition with its giant gambling monopoly, Svenske Spel, a daunting opponent in the Scandinavian online poker sector. Sweden's finance minister, Anders Borg, may be taking a cue from UK's Chancellor of the Exchequer Gordon Brown, by using high tax rates and stringent regulations to deter competition from entering the Swedish market. On one hand, he would appease the European Commission by curtailing the state monopoly and passing legislation to open up to foreign companies. But on the other hand, he would cleverly discourage competition which effectively allows Svenske Spelt to maintain its monopoly position. One of the election promises of the Swedish alliance of middle and right-wing political parties last year was to abolish the state gambling monopoly. But a report from Swedish economic journal, Veckans Affarer, suggests that the Swedish finance ministry, under Borg, is working on a licensing and taxation regime so tough that it would deter all but the most determined foreign competitors. So Borg appears to be performing a complete turnaround of his earlier position, breaking his party promise to abolish the state gambling monopoly. Veckans Affarer reports that the Swedish government wants Svenska Spel to maintain its monopoly because of the vast amount of revenue the company generates for the state. In the first quarter of 2007, Svenska Spel recorded a net profit of 157 million euros from revenues of 260 million euros. Besides the new legislation, in order to comply with the European Commission, the Swedish government is expected to force Svenska Spel to substantially reduce their marketing activities and restrict development of new games and simultaneously improve their compliance technology. The timing is right for such a Swedish announcement. This week marks the end of the two month deadline that came with the stage two 'reasoned opinion' issued by the European Commission on March 21st 2007, requesting the countries of Denmark, Finland and Hungary to modify their current restrictive online gambling positions (click here to read related article). If the countries do not become compatible with higher level EU laws that permit companies licensed anywhere in the EU to freely move goods and services across EU state borders (click here to read related article), then the European Commission could move onto stage three, where the countries can face possible litigation in the European Court of Justice. Read Related Articles:
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World Series of Poker: Ante Up for Africa The Ante Up for Africa Charity Tournament is one of the biggest poker charity events of the year. This charity tournament supports the refugees from the Sudan region of Darfur. After nine hours of play, Alexander (Alex) Bolotin was crowned the champion of the Ante Up for Africa tournament and won $177,730 for his first place finish.
World Series of Poker Event 56: Matt Hawrilenko Takes Down Bracelet and $1 Million The $5,000 Six Handed No Limit Hold'em event was the last event to be held at the World Series of Poker 2009 before the famous Main Event starts. Event number 56 saw 928 players register for their chance to win the last bracelet to be offered this summer. The next bracelet of the Series will not be awarded until November when the Main Event final table wraps up. Adding to the excitement of this event, there was a total prize pool of over $4.3 million, and the winner of the event was guaranteed to come out a millionaire.
World Series of Poker Event 54: Tony Veckey Wins Event 54 sold out in a hurry as 2,818 people gobbled up all of the seats for the last low buy-in No Limit Hold''m tournament of the World Series of Poker. This was a new event added to satisfy the enormous public demand for this level of event. $1,500 from each of the entrants produced a prize pool of $3,846,570, with payouts down to 297.
World Series of Poker Event 52: German Jorg Peisert Wins Jorg Peisert from Dusseldorf, Germany won the inaugural Triple Chance No Limit Hold'em event at this year's World Series of Poker. Peisert outlasted 853 other players who put up $3000 to play in this No Limit Hold'em event. The total prize pool was $2,357,040 and 81 players took home a cut. 81st place took home $5,892, but the lion's share, $506,800, went to Peisert. On the final day, Peisert started in 6th chip position and worked his way up to a chip juggernaut, eliminating players and collecting chips along the way. Notable players who cashed in this tournament include, Eric 'Rizen' Lynch (12th), An 'The Boss' Tran, Mike 'The Mad Genius of Poker' Caro (23rd), and Antonio 'The Magician' Esfandiari (24th).
World Series of Poker Event 53: New Orleans Resident David Halpern Wins David Halpern from New Orleans, LA won the $1500 Seven Card Stud Hi-Lo 8-or Better Event at the 2009 World Series of Poker. Halpern outlasted 467 other players to win $159,048 for winning the tournament. Halpern has already cashed once this year (Pot Limit Omaha), but this is his first WSOP bracelet. The $657,455 prize pool was spread out amongst 48 players who cashed. Halpern battled William Kohler for over three hour heads-up. Battled is a strong word, as both players seemed enamored of each other and even went to dinner together during the break. They traded the chip lead back and forth until Kohler seized it for good. Other notable players who cashed includes Chad Brown (4th), Matt Savage (5th), Andy Bloch (23rd), and Norman Chad (32rd).
World Series of Poker event 49: David Bach Wins $50K HORSE Event The 2009 $50,000 HORSE event attracted 95 of the world's best poker players. The number of entrants decreased from the previous year which attracted 148 entrants. As play began, player's speculated as to the reason why the numbers decreased so dramatically. Was it the economy? Was it Scotty Nguyen's drunken tirade last year? Many believed that it was ESPN's unfortunate decision to not televise this year's final table. Even though the field decreased, the players still had a full five days of play. 87 players would be eliminated on the way to a star studded final table. After 20 hours of play, David Bach was proclaimed the winner of the 2009 $50,000 HORSE event. He took home the bracelet, the Chip Reese Memorial trophy, and the $1,276,806 first place prize.
World Series of Poker Event 55: Abe Mosseri Wins First WSOP Bracelet Abraham Mosseri from New York City won the $2,500 Deuce to Seven Lowball (Limit) event at the 2009 World Series of Poker. Mosseri outlasted 257 other players to win $165,513 and the accompanying gold bracelet. This is Mosseri's first WSOP bracelet and third cash. This was his 2nd final table of this year's Series. Mosseri and others amassed a prize pool of $593,400. Only 24 players got a piece of it though. Mosseri ended Day 1 in 13th place with 39,100 in chips. By the end of Day 2, Mosseri was the chip leader with 447,000. Mosseri maintained his chip lead through most of the day. It would come down to him and Masayoshi Tanaka, who started the day with second most chips. Tanaka had the lead as heads up began, but it was meant to be for Mosseri who played aggressively and caught cards at the right time to eventually eliminate Tanaka. Notables at today's final table included three time bracelet winner John Juanda (4th), Blair Rodman (5th) and Nam Le (9th). Daniel Negreanu cashed in 16th and Hasan Habib finished in 18th.
World Series of Poker Event 51: Carsten Joh Wins Sold Out NLHE Event Carsten Joh defeated a sellout crowd to win his first bracelet in the penultimate $1,500 No Limit Hold'em event of 2009. Joh beat Andrew Chen heads up to bring home Germany's first bracelet of the Series. The event began with a largely amateur crowd, and the big names that made it to Day 2 quickly found themselves on the sidelines. Men Nguyen, Tony Cousineau, and Matt Brady outlasted most of the field but failed to make it to Day 3.
World Series of Poker Event 50: Greg 'FBT' Mueller Wins 2nd '09 Bracelet The $1,500 Limit Hold'em Shootout should put to rest any questions about the skill required to play Limit. By the time the event was down to two players, it was a heads up match between the owners of the last two Limit bracelets awarded at the WSOP. Greg 'FBT' Mueller defeated Marc Naalden to win his second bracelet of the year, making him the fourth person to claim more than one in 2009. Naalden now has 1st and 2nd place finishes in Limit tournaments this year. He also cashed in a Mixed Hold'em event.
World Series of Poker Event 48: Brandon 'any2cantu' Cantu Wins After finishing runner-up at a final table a week ago, Brandon Cantu got a second chance to win a second bracelet in the $1,500 Pot Limit Omaha Hi/Lo Split event. This time, Cantu closed the deal in a tough heads up match with Lee Watkinson and picked up the WSOP gold. Brandon 'any2cantu', known for his creative and sometimes loose style of play, was as shocked as everyone else when he turned over Aces more than ten times on Day 2. "This is the hottest streak I've ever been on in my life," he told Phil Hellmuth, who was eliminated in 14th place. By the time the field was narrowed to 25 players, Brandon had nearly 25% of the chips in play. |
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