Australia finalizes online poker ban. Jungleman confirms Tom Dwan Durrr Challenge penalties are being paid. Check out these stories and more in the Thursday Hit and Run.
Australian Online Poker Ban Rolls Out September 9th
A widely publicized Australian online poker ban has been passed by the Australian Senate and will officially go into effect on September 9th, closing longstanding loopholes in Australian gambling law. On this date, online poker sites that are currently serving the market will need to halt online poker games to Australians or be in violation of the new law, referred to as the Interactive Gambling Amendment Bill. According to some estimates, up to 130,000 Australians play online poker.
In the run-up to the amendment’s passage, many online poker rooms had already left the market in recent months. Poker rooms such as 888poker left the market earlier this year.
Despite the fact that the IGAB’s ultimate passage was an inevitability, PokerStars, partypoker and 32 Red had continued to service Australian players. It is widely believed that these poker rooms will cease providing games to Australians before September 9th, leaving just a handful of unregulated poker rooms still offering games.
The amendment does not make it against the law for Australians to play online poker. However, Poker rooms that continue to allow Australian players will be subject to fines up to $6.75 million in Australian dollars per day.
– According to a recent report, Tom Dwan has paid “Jungleman” Dan Cates over $700,000 in penalties for his part in delaying the Durrrr Challenge, including bi-monthly penalties in recent months. Dwan apparently still wants to finish the Challenge with more than half of the 50,000 hands still to be played. Cates bought in to the Challenge in 2010 for $500,000 to Dwan’s $1.5 million and was up to $1,251,000 mid-way through the Challenge.
– Dario Sammartino holds his position at the top of the GPI Player of the Year standings while Nick Petrangelo keeps a tight grip on the GPI 300.
– Nick Schulman won the $50,000 High Roller at Seminole Hard Rock on Thursday for a payday of $440,000.
– PTP’s Alex Weldon breaks down PokerStars’ latest new game called Spin & Go Max, how the game differs from Spin & Go and criticisms of the game thus far.
– Classic Grinderschool.com poker training video is on “wraps” in the “Betting PLO Microstakes.” This video is the final episode in a six-part series.