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Iconic WSOP Poker Home Shuts its Doors

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The establishment that will forever be linked with the origins of the WSOP has been forced to close its doors.

Binion’s Casino, which was home to the WSOP for its first 36 years, has hit financial troubles and its owners have decided that the time has come to shut down the part of the casino.

The casino floor itself, poker room and sports book offering will remain open to visitors for the time being, but the owners have shut down the hotel, coffee shop and keno parlor. 100 out of the 800 employees have been laid off.

Binion’s owned and operated the WSOP until it was sold to Harrah’s Entertainment in 2005. However, recently the parent company of Binion’s Gambling Hall and Hotel in Las Vegas announced that it was carrying out the partial closure.

The company said that it hoped to be able to pull through the recession and reopen the establishment once more.

“We plan to reopen it, but we can’t speculate when that will happen. Las Vegas has been hit so hard with the dramatic drop in visitor spending and the average daily room rate has plummeted,” said a spokesperson for the company. “Our hotel rooms were no longer competitive in the market. We had to make cuts where our biggest drains were, the hotel and coffee shop.”

Financial problems began for the company long before the current recession, however. Becky Behnen acquired the business from her father, the original owner Benny Binion, in 1998 and issues began to surface from that time on.

In 2004, US marshals seized money from the business to pay employees and the hotel and casino were closed in that year. Things improved after Harrah’s purchased the WSOP brand and the casino, and the hotel reopened soon after. Binion’s (without the WSOP brand) was eventually resold by Harrah’s Entertainment.

Tournament director, Matt Savage, commented on the Binion’s closure on his Twitter page this week. “Binion’s Horseshoe was both hated and loved by poker players over the years, but it is definitely missed by those that played the WSOP there!” he wrote.

Cada I get $8 Million?

Joe Cada became the youngest poker player in the history of the World Series of Poker to win the Main Event when he beat Maryland logger, Darvin Moon in yesterday’s nail biting finale. The 21 year old was clearly at a loss for words after his magnificent win and only managed to sputter out his thanks to the many fans that turned out to back him and his rival.

When Peter Eastgate won the title last year, nobody believed that his record as a 22 year old champion could ever be beaten. But that’s what they said about the then 24 year old Phil Hellmuth in 1989 …

Yet Joe Cada has definitely been put on the pedestal of wunderkinds that entered the poker world in recent years and last night’s performance proved exactly why.

Cada, who hails from Michigan, was always a brilliant poker player and even bought his first home in cash at the tender age of 19, all with winnings from his online poker successes.

This was the first WSOP competition that Cada had entered, when he beat 6,494 other players from around the world to take the big prize of over $8 million. Before reaching the final table, Cada still had time to cash in two events.

The young player certainly shows that he can function well under pressure, when he was nearly thrown out of the tournament on Saturday for holding about 1% of the chips in play after 123 hands of poker. “I only play good when my back’s against the wall,” he said.

A stunned Cada couldn’t find many words after his victory but did manage to say: “I ran really well and I never really thought this was possible. It was one of those dreams and I’m thankful it came true.”

Darvin Moon was disappointed with his loss, but gracious all the same. “I should have gone all in on the flop,” he said about Cada’s last hand. “He made a phenomenal call. That’s why he’s the champion.”

It’s Gladiator Gambling Time at Party Poker

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If you’re hoping to win your way to the lucrative Aussie Millions poker tournament next year, it might be a good idea to pop into Party Poker and check out the promotions that the site has running in November. Party Poker recently announced the return of the Gladiator promotion that will not only reward top players with a seat into the Main Event of the Aussie Millions, but give away huge cash prizes to loyal players.

So how does it work?

Simply put, the more you play during November, the more you win. Rewards are on a wide range of activities at the gambling site, beginning with regular play on cash tables and running through to sit and go’s and multi table tournaments.

All you have to do is play from November 1st through to November 30th, clocking up as many Party Points as possible.

Let’s look at the minimum prize up for grabs – entry into a freeroll tournament that comes with a whopping $5,000 prize pool. All you need to do to win an entry ticket into this competition is aim for the daily minimum of winning ten Party Points any five days during the month of November.

But the Gladiator gambling competition gets even better!

If you earn yourself 1000 points for 25 days during November, you can win a staggering $3,000 points!

But didn’t we mention the Aussie Millions? So here’s how you go about winning entry into the competition that is known for the most expensive buy in prices on the entire live tournament circuit. To win a seat into this competition valued at a whopping $10,500 (Australian), you will need to earn 1000 points for each of the 30 days in the month of November.

Yes, we know that it’s a lot of poker but when you consider the superb prize up for grabs, as well as the great poker gambling software and games you’ll be enjoying along the way at a quality site like Party Poker, you’ll agree that this is definitely a case study for a win-win situation!

Let the party begin!

PokerStars Want McEvoy in Poker Hall of Fame 2009

In November, at the WSOP (World Series of Poker) Main Event, the 2009 Poker Hall of Fame class will be inducted with a presentation. One of the largest online poker websites, PokerStars, is pushing to have Tom McEvoy included as one of the members of the 2009 Poker Hall of Fame.

Members of the general public who still wish to have their say are able to suggest their choices for the 2009 Poker Hall of Fame by submitting a nomination using a form which is available on the WSOP website. Along with filling in the form, nominators will have to write 250 words to justify the nomination they have submitted. Over 1,000 nominations were logged on the WSOP site during the first week of public nominations.

After the initial public nominations have been received, 16 members of the media will have their turn to vote for the Poker Hall of Fame's 2009 class. Once a final list has been compiled, all living Poker Hall of Fame members will cast their votes in September for both gambling online and in live events.

Being voted into the Poker Hall of Fame is the dream of many poker players, not least of Tom McEvoy, who said "Being voted to the Poker Hall of Fame this year would be the best moment in my career so far. It would be better than winning four WSOP bracelets, the Champions Invitational, and eve the Main Event!"

PokerStars are fully behind helping Tom McEvoy, a member of Team PokerStars Pro, to reach his dream of becoming a member of the 2009 Poker Hall of Fame class.

McEvoy's poker career includes 37 finishes in the money since he's been playing in the WSOP events to date. Having won four WSOP bracelets, puts McEvoy in a ten-way tie in the 19th place for the most overall WSOP bracelets won. McEvoy has earned in the Top 100 for overall WSOP earnings, with the $1.3 million he has won in WSOP events.

McEvoy has written and co-authored numerous books about poker in which he shares his knowledge with other poker players. The titles include helpful topics such as "Championship Tournament Poker," "Championship Hold'em," and "How to Win No Limit Hold'em Tournaments." As can be seen from the books he writes and co-authors, McEvoy loves to teach poker, which he learned on his grandmother's knee at the age of five.

Grey Raymer, a fellow member of the Team PokerStars Pro has commented "Ted has participated in every stage of poker's evolution on the felt, online, from WSOP to EPT. He has chronicled it and taught us all how to play better poker and, most importantly, he's still winning!"

Poker in the Park Again this August

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Poker in the Park has been a huge success for the past two years, and once again, things are looking good for a great poker festival this year. Poker in the Park III is set to take place in August and will be brought to players by eleven of the United Kingdom's leading pub leagues, as well as the leading poker magazine, Bluff Europe.

Poker in the Park has run for two successful years, and is the largest annual poker festival in Europe. This year, Poker in the Park is expecting thousands of people to flock to the event. The poker festival will take place in Leicester Square, London, from the 13th to the 14th of August 2009.

The poker festival is more than just a poker tournament, it is more like a big poker party or festival, which attracts poker players, potential poker players and interested onlookers. Poker in the Park II hosted more than 10,000 people, which Bluff Europe are hoping will increase to around 25,000 people this year at Poker in the Park III.

The festival offers poker tournaments, which will feature an eleven turbo sit-and-go tournaments which will last an hour each. Each hour-long sit-and-go can accommodate up to 80 players. Each of the eleven sit-and-go's is sponsored by a different pub league. Some of the leagues sponsoring the event are Champions Poker League, The Nuts Poker League, Masters Poker League, Red Tooth Poker, Big Time Poker League, London Poker Meet Up (LondonPokerMeetUp.co.uk) and London Pub Poker (LondonPubPoker.co.uk), and more.

The poker events will be held in the Poker in the Park Texas Hold'em Tent, The Poker Dome. Spectators will be able to watch the games from inside the tent, or on a large screen television which will be set up in Leicester Square.

Poker enthusiasts can enjoy free poker games, live lectures, free poker lessons, not to mention the autographs they will be able to get from the pro poker players that will be in attendance throughout the festival.

Although planning an outdoor event of this magnitude can be risky in London, with the unpredictable weather, summer does have many fine days. The last two years have not been washed out, and players can always take refuge in the marquees if necessary. Poker lovers from all over Britain will join together for two days of good poker, fun, and hopefully sun!