Connect with us

Latest News

Ramon Colillas Turns Free Entry Into $5.1 Million as Winner of Record-Breaking PokerStars Players Championship

Published

on

Reading Time: 4 minutes

 

PokerStars makes six new millionaires

PokerStars (Nasdaq: TSG) (TSE: TSGI), the flagship poker brand of The Stars Group, announced today that Ramon Colillas from Barcelona, Spain, won $5.1 million and was crowned the winner of the PokerStars Players No-Limit Hold’em Championship (PSPC), the richest and biggest-ever $25,000 buy-in poker tournament.

Colillas won free entry into the tournament as part of a PokerStars global promotion that awarded 320 people a $30,000 Platinum Pass package, which in addition to free entry, covered travel and hotel accommodations at the Atlantis Resort & Casino in the Bahamas. Colillas topped a field of 1,039 players that produced a record-breaking total prize pool of $26,455,500 and attracted players from all over the globe. As part of the total pool, PokerStars added an extra $1 million to the first-place prize.

PokerStars awarded the 30-year old Spanish native a Platinum Pass after he topped the Campeonato de España de Poker leader board based upon his successful tournament play in a series of PokerStars-sponsored tournaments in Spain. The former fitness trainer converted to a professional poker player at the age of 24.

“A lot of players were saying this was the most important tournament in history, so now it’s only about happiness and enjoying the moment,” Colillas said moments after his win.

Ramon Colillas Turns Free Entry Into $5.1 Million as Winner of Record-Breaking PokerStars Players Championship. Photo credit: Neil Stoddart and Rational Intellectual Holdings Ltd.

The runner-up was 26-year-old professional poker player Julien Martini from Paris, France, winning an impressive $2,974,000. Julien was a very composed contender and had attempted to win a Platinum Pass last year in the €1,100 EPT Barcelona National Event, just missing out on the Platinum Pass, but still winning €323,000 for coming in second.

Platinum Pass winner Marc Rivera from The Philippines came in third place with $2,168,000. The 45-year-old won his ticket at the APPT Manila National Main Event with what was then his biggest live cash win. After being introduced to the game 12 years ago by his brother Ashley, who told Rivera he was “going to love it”, the engineer (at the time) has been playing ever since. When not on the felt, Rivera enjoys basketball, watching TV series and spending time at home with his family, playing with his son and daughter.

Not only has Colillas become a millionaire, but five other final table players have also joined the club. The eight-handed final table included US poker pro Scott Baumstein who started amassing live tournament cashes in 2009 and has accrued over $1.9 million in winnings over the past decade, Jason Koonce who had two reported live cashes worth a total $6,426Marc Perrault who has had a string of hefty online and live cashes dating back to 2012, Farid Jattin, a regular fixture on the live tournament circuit across the United States and who is leading the Colombian all-time money list with over $2.9 million in winnings, and Talal Shakerchi, a businessman from London who has over $6 million in winnings to date. The players all took home cash winnings between $509,000 and $2.1 million for their efforts.

The PSPC made it into the history books with a total prize pool of $26,455,500 awarded to 181 players, smashing the previous $15,495,750 prize pool record for a $25,000 event. Of the Platinum Pass holders, 43 collectively cashed in for nearly $9.8 million, including Jacqueline Burkhart from the United States with $86,400Atanas Pavlov from Bulgariawith $105,000 and Ireland’s Sven McDermott with $69,100.

PokerStars Director of Poker Marketing, Eric Hollreiser said, “We couldn’t have scripted a better outcome for the tournament and PokerStars congratulates Ramon and all of the competitors for making this an historic event. Ramon’s victory is a reminder that with a dream, some talent and a little luck, poker can change your life. We’re proud to have created a special experience for more than a thousand players, but especially for those like Ramon who had never previously dreamed of playing in such a tournament.”

The poker fun doesn’t stop despite the conclusion of the PSPC. The PokerStars Caribbean Adventure (PCA) continues with events including the $10,300 buy-in PCA Main Event, $25,000 buy-in PCA High Roller, $100,00 buy-in PCA Super High Roller and $1,100 PCA National. Live updates from the Super High Roller can be read on the PokerStars Blog now and will be live-streamed on PokerStars TV on January 11 and 12.

To keep up to date with all live reports from the PCA visit the PokerStars Blog or watch the live stream daily from 12:30 ET and 13:30 ET on January 16 at PokerStars.TV.

Find out more about Colillas’ win on the PokerStars Blog.

For further information, please contact press@pokerstarslive.com

About PokerStars

PokerStars operates the world’s most popular online poker sites, serving the global poker community. Since it launched in 2001, PokerStars has become the first choice of players all over the world, with more daily tournaments than anywhere else and with the best online security. More than 182 billion hands have been dealt on PokerStars, which is more than any other site.

The Stars Group owns or licenses gaming and related consumer businesses and brands, including PokerStars, PokerStars Casino, BetStars, Full Tilt, Sky Bet, Sky VegasSky Casino, Sky Bingo, Sky Poker and BetEasy as well as live poker tour and event brands, including the PokerStars Players No Limit Hold’em Championship, European Poker Tour, PokerStars Caribbean Adventure, Latin American Poker Tour, Asia Pacific Poker Tour, PokerStars Festival and PokerStars MEGASTACK. The Stars Group is one of the world’s most licensed online gaming operators with its subsidiaries collectively holding licenses or approvals in 21 jurisdictions throughout the world, including in EuropeAustralia, and the Americas.

 

 


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Ramon Colillas Turns Free Entry Into .1 Million as Winner of Record-Breaking PokerStars Players Championship

Latest News

PAGCOR Press Statement on Quezon City’s insistence to impose casino entry fees

Published

on

PAGCOR Press Statement on Quezon City's insistence to impose casino entry feesReading Time: 2 minutes

 

As Quezon City Vice Mayor Joy Belmonte continues to insist on the imposition of entrance fees to Quezon City residents who wish to play in casinos and other gambling facility in the area, the Philippine Amusement and Gaming Corporation (PAGCOR) underscores several cases and provisions that cite the supremacy of national government over local government units.

First, in “Basco vs. PAGCOR (1991)”, wherein the City of Manila filed a case seeking to annul the PAGCOR charter, the court ruled that Presidential Decree (P.D.) 1869 waived the right of the city to impose taxes and fees. The court decision cited that the power of the local government to impose taxes and fees “is always subject to limitations which Congress may provide by law.”

It furthered that P.D. 1869 remains an operative law, until amended or repealed.

Another case, “City of Cagayan de Oro vs. Pryce and PAGCOR (1994)”, cited that ordinances should not contravene a statute that is obvious. It stated that “municipal governments are only agents of the national government; and local councils exercise only delegated legislative powers from Congress as the national law-making body.” Hence, local government units cannot be superior to Congress from which they derive their powers.

The third case, “Herbert Bautista vs. PAGCOR (2016)”, cited that under its Charter, PAGCOR and its agents are exempted from paying local taxes as P.D. 1869 Section 13 provides that “no tax of any kind or form, income or otherwise, as well as fees, charges or levies of whatever nature, whether national or local, shall be assessed and collected under this Franchise from the Corporation nor shall any form of tax or charge attach in any way to the earnings of the Corporation, except a franchise tax of five percent of the gross revenue or earnings derived by the Corporation from its operation under this franchise.”

The entry fees on the city residents who will enter the casino which the Quezon City local government is contemplating on imposing, takes the form of “tax” because of its nature to generate revenues.

However, if the purpose of the imposition of entry fees is to discourage citizens to frequent gaming facilities, such practice is an obvious exercise of police power, and in fact, an encroachment on the function of a national regulatory entity.

PAGCOR, having been granted by Congress with the power to regulate gambling, has the authority to determine the rules and regulations that may deem fit in the regulation of the gaming industry.

If PAGCOR does not find it necessary to impose entrance fees to its clients, then Quezon City’s local government cannot supersede this even if it claims that the imposition of entry fees is only applicable to their constituents.

Besides, if the local government of Quezon City believes that doing such is tantamount only to “safeguarding the welfare of their people”, why did it grant so many Letters of No Objection (LONOs) and Resolutions of No Objection (RONOs) to bingo and other electronic gaming sites in Quezon City?

As of February 28, 2019, there are 97 electronic gaming sites in Quezon City. Of this number, 63 are bingo sites and 34 are eGames gaming sites. This figure does not include the LONO and RONO granted by Quezon City government to Solaire Resort and Casino.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: PAGCOR Press Statement on Quezon City’s insistence to impose casino entry fees

Continue Reading

Latest News

Blackstone to acquire Ukrainian gaming development company

Published

on

Blackstone to acquire Ukrainian gaming development companyReading Time: 1 minute

 

The Blackstone Group LP, a US-based investment and asset management company, is all set to acquire Murka Ltd and Murka Entertainment Ltd, an Unranian company that develops unique social and mobile games. The Blackstone Group has already informed Cypriot Commission for the Protection of Competition about the plan.

Murka, established in 2011, is known for its social-casino games like Slots Journey, Slots Journey 2, TX Poker, S & H Casino, Vegas Slots, Royal Fortune Slots, Bubbla Cadabra and Scatter Slots.

These games, where real money cannot be won, exist as mobile apps and on Facebook. Publisher of social casino games earns money via selling in-game content and/or advertising. According to various data, the global social casino market in 2018 brought publishers from $ 3.2 billion in total to $ 3.46 billion on mobile platforms.

Currently, over 100 people work in the Kiev, Dnipro and Lviv offices of Murka. The company has not commented the conditions of the upcoming transaction yet.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Blackstone to acquire Ukrainian gaming development company

Continue Reading

Latest News

Philadelphia developer Bart Blatstein to re-open casino at Atlantic City site

Published

on

Philadelphia developer Bart Blatstein to re-open casino at Atlantic City siteReading Time: 1 minute

 

Philadelphia developer Bart Blatstein has announced his plans to re-open a casino at Atlantic City that was closed in 2014. Blatsetein owns the Showboat which has been functioning for three years as a non-gambling hotel.

When this happens, this will be the 10th casino at Atlantic City. In 2014, the City had 12 casinos. The competition from neighbouring states forced the closure of the four of them. The state Casino Control Commission has given Blatstein preliminary approval to apply for a casino license. He strongly believes in the potential for another casino.

“There are 104 casinos in Las Vegas in the middle of nowhere,” Blatstein said. “We have nine casinos well within a short trip from one-third of the nation’s population. The market is looking for something different.”

Blatstein said he has a casino concept in mind but would not reveal it. A report from the state Division of Gaming Enforcement says Blatstein plans to convert the property’s bus depot into a family entertainment centre and that he intends to offer a full range of slot machines, table games, sports betting, and internet gambling.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Philadelphia developer Bart Blatstein to re-open casino at Atlantic City site

Continue Reading
Advertisement
NSoft

Industry News

  • Live Event/Conference
  • Press Releases
  • Latest News
  • Gambling in the USA
  • European Commission

  The third edition of Prague Gaming Summit took place last week at the ‘traditional base’ of the co [...]

  It has been reported by industry media that Latvia’s parliament has decided to ban gambling halls [...]

  The second edition of MARE BALTICUM Gaming Summit – The Baltic and Scandinavian Gaming Summit and [...]

  We are slowly gearing up to the host the most important Prague Gaming Summit and here are 7 facts [...]

  The online gaming industry is changing quickly, whether we’re looking from the perspective of cons [...]

  GamblingCompliance has announced the official shortlist for the Global Regulatory Awards 2019.  NS [...]

  Swedish online betting company Betsson has signed a partnership agreement with CompetitionLabs, a [...]

  DIMOCO today announces its seal of approval from both European Lottery Association (EL) and World [...]

  Leading online bookmaker Betway has agreed a one-year deal to sponsor BLAST Pro Series. Spanning e [...]

  Zitro will showcase its newest offerings at the upcoming trade show FADJA Columbia to be held on 1 [...]

  US casino operators Eldorado Resorts Inc. and Caesars Entertainment Corp are in the early stages o [...]

  The UK government’s recent decision to reduce the stakes on fixed odds betting terminals (FOBTs) h [...]

  Victorian Responsible Gambling Foundation, the Australian state’s body to help problem gamblers, h [...]

  The Oregon Problem Gambling Resource (OPGR) has revamped its website to help people with gambling [...]

  The Kenyan government has announced that it is going to implement a new tax regime, especially for [...]

  Philadelphia developer Bart Blatstein has announced his plans to re-open a casino at Atlantic City [...]

  New service includes the world’s largest coverage of March Madness for player props   Digital Spor [...]

  Q4 REVENUE INCREASED 11.9% YEAR-OVER-YEAR   Twin River Worldwide Holdings, Inc. reported financial [...]

  US casino operators Eldorado Resorts Inc. and Caesars Entertainment Corp are in the early stages o [...]

  The Oregon Problem Gambling Resource (OPGR) has revamped its website to help people with gambling [...]

  Today, the new measures to counter money laundering by criminal law enter into force across the EU [...]

Brussels, 19 June 2018 – Digital Single Market: EU negotiators reach a political agreement on free f [...]

LONDON, June 18, 2018 — Codewise, the industry’s first provider of AI-powered online ad measurement [...]

Brussels, 6 June 2018 – The European Parliament and the Council reached late last night a political [...]

Tre

%d bloggers like this: