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Archive for November, 2008

Eastgate Reigns at WSOP

Danish player Peter Eastgate reigns triumphant Tuesday supplanting Phil Hellmuth as the youngest World Series of Poker Main Event champion to date.

The grueling heads-up match lasted 104 hands and saw both finalists gain an edge by turns. Ivan Demidov, who came into the face-off short-stacked with $56.6 million in chips to Eastgate’s $80.3 million, pursued an aggressive strategy beginning with the very first hand. His loose, from-the-hip style seemed to pay off early on as he clocked Eastgate several successive times to pull out the lead in the first four hours.

Lady Luck turned on the Russian, though, rewarding Eastgate with several sweet-spot deliveries when he called Demidov’s bluff on an ace-high and, then, when he drew the Russian in, meanwhile having pulled out a flush on the turn.

With $100 million in chips stacked against Demidov, Eastgate’s win was only a matter of time. In the final hand, the Dane turned a straight on a board of 2-K-3-4 off his hold-up A-5 and drew Demidov in with expert ease. The Russian, who was sitting on a 4-2, called Eastgate’s $1.2 million bet after the flop, then followed him in on the turn. At the river (a 7), Demidov continued to press his luck going all-in on a lo pair that was sunk by Eastgate’s straight.

Eastgate walks away from the tournament with a hefty $9.15 million check and the WSOP XXXIX bracelet. For his second place finish, Demidov will also receive a sizeable slice of the pie to the tune of $5.8 million.

Monday, November 10th, 2008 | Posted in Gambling News | No Comments »

Gambler Fakes Kidnapping

In one of the most worst examples of problem gambling to date, Spanish police reported Thursday that they had apprehended a Chinese man suspected of faking his own kidnapping and that of his 14-month-old grandson in order to finance his addiction.

The child’s father, a Madrid food-store owner, notified police on Oct. 28, that both the child and his 53-year-old father-in-law were being held for a €50,000 ransom by a woman who had contacted another relative.

According to police, the grandfather, identified as Yimei L. “said he was being coerced by the kidnappers.”

After a second call in which the supposed kidnapper put both grandfather and child on the line as proof of their safety, Yimei reportedly made a third call saying that he had escaped and that he desperately need the money in order to save the child.

Police were able to locate Yimei and say that, while questioning him, they learned that the incident was a scam. Police were then able to capture his accomplice, Jiantuan Y., after she abandoned the child in a grocery-store buggy.

According to police, Jiantuan called Yimei the mastermind of the scheme and explained that the two planned to use the money to play slot machines.

Instead of hitting the slots, however, it seems both suspects will now face charges in connection with the incident.

Saturday, November 8th, 2008 | Posted in Gambling News | No Comments »