Casinos Look Forward to a Future in Tokyo

Tokyo may become home to a thriving casino industry as local politicians continue to reconsider past prejudices against the possibility. In recent years, the city has seen increased economic development as well as acceptance as host of the 2020 Olympic games. Although casino gambling has long been illegal in Tokyo, certain lawmakers have worked on plans for zones where the activity could be permitted. At this point, casino gambling is very likely to become a popular addition to pachinko for Tokyo gamblers, both Japanese and foreign.

Casino in TokyoGlobal Gambling Eyes on Tokyo

The international gambling industry is watching Tokyo hungrily since a recent Tokyo casino gambling conference was held. Companies including Las Vegas Sands Corporation, MGM Resorts International and Wynn Resorts all presented their ideas for Tokyo’s gambling future. Industry leaders say that Tokyo is an untapped market of huge size thanks to its thriving economy and popularity with Chinese travelers. In fact, Chinese gamblers represent such a potential casino client base that Japanese reports on the possibility of casino gambling in Tokyo have hardly mentioned Japanese gamblers.

Projections of Tokyo’s Casino Gambling Future

The most likely scenario for Tokyo’s potential casino market involves business travelers from China and Southeast Asia. After arriving at the airport, these gamblers might travel directly to nearby industrial areas where they can attend to business as well as gambling. Some commentators have wondered if Japanese citizens would even be allowed to gamble there. After all, Vietnam has casinos but bans its own citizens from entering them, causing Vietnamese gamblers to visit casinos in Cambodia instead.

Asian Gambling Is Growing

Asia’s gambling market has continued to grow and now makes up 43 percent of the international gambling market. However, several of the countries there limit or prohibit their citizens’ ability to visit their casinos. Some experts have noted that Asian values actually facilitate gambling, which has helped foster success there. Unfortunately, the lack of gambling security restrictions in Asia have made money laundering commonplace.

Japanese gamblers may not currently have casinos, but they engage in prolific betting. In 2010, Japanese revenues from legal gambling totaled ¥24 trillion, far above the ¥5 trillion average for annual U.S. casino gambling. Pachinko is the only legal gambling outlet available to Japanese gamblers at present. Although casual Pachinko gamblers may not comprise the wealthy customer base casino executives expect to encounter in Japan, they represent a huge untapped market if they are able to visit casinos that are built in the country. Casino industry executives expect easy profits as they enter Japan, but the long-term local ramifications are less clear for now.

Increase Your Poker Winrate off the Table

While there are no shortage of strategy videos and online poker training sites to teach players how to make better decisions on the digital felt, few players are aware of the steps they can take to make more money online before they even site down to play. By taking advantage of these basic tips, you can greatly increase your chances of success.

Poker Training1. What is a Winrate?

If you’ve spent any time playing poker online, you know that your winrate is an expression of how much money you are making overall. Your winrate is usually expressed as big blinds/100 hands (or BB/100).

For example, a player who plays 200nl and has a winrate of 2bb/100 is making $4 every 100 hands they play. This is because $2 is the Big Blind at 200nl. While this isn’t much, you can see how improving your winrate just a little will lead to more money won over time, making it all the more important to maximize it where possible.

2. Stop Evaluating Based on Results

One of the most common mistakes made by beginning players is the use of results-based thinking. This occurs when someone assumes they made the right play or made what they feel is a lot of money in a hand. Instead, focus on making the right decisions and letting the chips fall where they may. Over the long run, solid decision making trumps luck.

3. Study Away From the Table

One of the most important things you can do is objectively analyze your hands played after each session when possible. This allows you to take another look at your hands and the decisions you made. You should take notes on what you did vs what you should have done. Try to identify spots where you could have made more money in a hand and what the optimum decisions were in key spots of your session. If needed, have a friend help you, as a second pair of eyes also helps.

4. Eat Right

It might sound silly, but the reality is that what you eat has a dramatic effect on your mental focus and performance when playing live or online. If you’re planning on playing for several hours, you’ll want to consume healthy, vitamin-rich snacks that provide lasting energy as opposed to fatty foods and sugar-filled beverages.

When combined with practice and experience, these tips are a great way to help you maintain focus and start making more money at the tables.

PokerStars Sunday Briefing

It is a testament to online poker that so many great players from around the world logged into the PokerStars tournament on Sunday. This tournament is known as the Championship of Online Poker, and was played by around 2,133 players on Sunday evening. There was a $5,200 buy in, which results in a prize pot of up to $10,655,000. Those are huge numbers for online poker, and it shows just how great this tournament is. After Sunday’s events ended, there were 296 players left in the game. These players will be trimmed down until a champion is found at the end of Monday’s games.

Poker Stars - The Dark Knight

There are plenty of great players who are leading the table at the end of the first day. Dan Smith, better known as Danny98765, is third in the table with 536,211. The only men who have more chips than him (719,357 and 551,511) are HeroCallFold and Pkr_b77 respectively. There are other players who are also in line for the ultimate prize. While they may not be in the top three or four, these players have enough chips to be able to have a say in the final outcome. These players include Jake Cody, Liv Boeree, Jason Mercier, Shaun Deeb, Humberto Brenes, Mike McDonald, Andrew Lichtenberger, Steven Silverman, Vicky Coren, and Shane Schleger.

There are other events taking place at PokerStars, besides the main prize pot. There was the $10,300 high roller game, and it featured many of the game’s most talented online poker players. The likes of Daniel Negreanu, Dan Kelly, Bertrand Grospellier, and Phil Galfond took part. However, a certain Frenchman Alex Luneau came up with the goods when it mattered, and walked away with $234,350.

Another small money tournament that took place was the $2,100 WCOOP HORSE match up. This game was won by vachette17 from Hungary, although he was run close by Viktor Blom and Eugene Katchalov. This was the first time that Katchalov has one a major tournament, and he took home the major prize of that draw.

PokerStars always brings out the best players, which is why these fields are so competitive and tightly contested. It is likely to go down to the wire on Monday, with a lot of money up for grabs. The smart money would be on one of Sunday’s top three to come out on top, but online poker often has a way of surprising us with the results.

Caesars Takes to Online Poker

Somewhere in Nevada at 9:19 a.m. Pacific Daylight Time, either a resident or a visitor of the state logged on to a tablet or a computer to play the World Series of Poker on the Internet for real money for the first time ever. For the operator of the brand, Caesars, the real money to be made for the World Series of Poker is online where it can more easily be accessed by international professionals.

The symbolism of this moment is just as relevant in this story; Caesars has now become the first major casino operator of Las Vegas to get money from online gambling.Casino

Though it was outlawed seven years ago by Congress, online gambling now has gained a legal foothold within the country, though it is limited. Each state has different regulations for online poker and casinos, though international countries like the UK and Australia are still easy candidates to get in on the online version of the World Series of Poker.

Nevada paved the way for this possibility, followed by Delaware. However, both have relatively small populations that make it difficult to make money by local residents alone. Though regulation is expected to occur in New York, New Jersey, Illinois, Pennsylvania and California, the real market is international — outside of the United States.

The politicians are not the only ones who are slow to accept the presence of international online gambling, and they have only actually accepted it due to the benefits of tax revenue. Some major casino moguls have reacted ambivalently and some hostilely, considering online gambling to be the unworthy offspring that will damage their palaces.

According to Sheldon Adelson, online gambling is merely a threat to society, calling the industry a toxin that needs to be resisted. Steve Wynn, a man who has been making great strides to further expand his Wynn Resorts empire throughout Macau and North America, expresses an attitude that can be best described as ambivalent.

Garber, the former chief executive of PartyGaming, recalls back when his company was popular among Americans and international residents alike. He states that everybody wants to learn how to play poker online before taking it to the casinos, which creates an industry that will help achieve this goal. He hopes that casino operators will stop viewing online poker as a threat and instead as a proper supplement to the numerous casinos throughout the world that will benefit from the industry’s presence.

The History of the World Series of Poker

The World Series of Poker is the most prestigious Poker tournament in the world and is held annually in Las Vegas.

The very first World Series of Poker was held way back in 1970 at Binion’s Horseshoe Casino in Las Vegas. The overall champion was Johnny Moss, who didn’t even win a single tournament, but rather, was voted the best all-round player.

In 1973 the World Series was broadcast on television for the first time and then, in 1978, the World Series of Poker had its first woman player, Barbara Freer.

Later, in 1990, Mansour Matloubi, became the first non-American player to be crowned the Series champion. A year later, in 1991, the first million-dollar prize was awarded.

In 2003, the Series was won by Chris Moneymaker who was the first online qualifier to do so. He went home with a grand total of $2,5 Million. In 2009, Joe Cada became the youngest person to ever win the Series at 21 years, 11 months old. He is also ranked as one of the Series’ top earning players ever, with total World Series of Poker earnings at $9,028,904. The highest ever earning player is Antonio Esfandiari with $19,573,799. The second highest earning player is Phil Hellmuth with $12,189,531, who also holds the record for most World Series bracelets won at 13.

Nowadays, the World Series of Poker has expanded out of Las Vegas into a Poker Circuit allowing players from all over USA and the world to take part.

 

Big Slick – The Celebrity Poker Tournament for Charity


Big Slick is a charity incentive put together by three comedic actors, Paul Rudd, Jason Sudeikis and Rob Riggle. The event happens over one weekend every year and is put together by sponsorships and celebrity donations. The aim is to raise money for the Children’s Mercy Hospital in Kansas, USA. The weekend begins with a celebrity waffle ball tournament, followed by a sponsor meet-and-greet. The next day sees the guys, and plenty of other celebrities play in the Big Slick Poker tournament. All the day’s winners donate a portion of their winnings to the hospital and the top player also wins a seat at the World Series of Poker. The weekend is finished off with the Big Slick Charity Auction, where celebrities, local businesses and local sport heroes donate incredible items and experiences, such as attending the filming of Modern Family, to be auctioned off in order to raise even more funds. This year’s event is set to take place on the 19th and 20th July 2013.  Big Slick is a great initiative and the three actors, with the help of their celebrity friends and sponsors help make it a huge success. Over $500,000 was raised for the Children’s Mercy Hospital last year and there are hopes that this year will be even bigger.