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    QuadJacks News | Thursday, February 9, 2012

    Posted by Quad Jacks March 14, 2012

    International Stadium Poker Tour founded in Brussels: A society made up up Bernard Tapie, his son Laurent and French businessman Prosper Masquelier has officially registered the International Stadium Poker Tour holding company in Brussels, Belgium. An official website has also been unveiled, at www.ispt.com.

    From the website:

    “The International Stadium Poker Tour is a poker tournament that takes place every year in a world-famous stadium. It is the biggest poker tournament in the world consisting of 30,000 players, a prizepool of 20 m€ and is broadcasted on the Television in more than 28 countries.

    Set up by Bernard Tapie, his son Laurent Tapie and Prosper Masquelier, the first edition of the ISPT will take place in London’s mythical Wembley Stadium. It is the biggest stadium in England and one of the biggest in the world, with a seating capacity of 90 000 places and a retractable roof.

    Apart from the on-line qualifications and the live final stage around real tables set up on the lawn of the stadium, ISPT will propose an unpublished game format, midway between live and on-line. The 30 000 participants qualified will settle down in the stadium stands and will compete against each other using digital tablets connected between them.”

    According to Belgian newspaper Het Laatste Nieuws, “the Gambling Commission was not informed about the creation of this new company.” Neither has any date been revealed for the Tour’s first event.
    Sources: L’Echo, Het Laatste Nieuws

    Behnam Dayanim, GBT’s legal counsel, continues steady “FTP sucks” media tour: There can no longer be any secret of it. Full Tilt Poker is in worse shape than anyone thought. Just ask Behnam Dayanim. Five times. Card Player, Poker Update, Poker Player Newspaper, PokerNews, and most recently Pocket Fives.

    In an “exclusive” – so to speak – interview with the latter, Mr. Dayanim reinforced just how bummed Groupe Bernard Tapie could be right now about the appeal of acquiring Full Tilt Poker. “The company is in worse financial condition than we anticipated, and that’s reflected in a number of ways like the issues we’re having with debt. When you start the diligence process, your target is a bright, shiny apple. You know it’s going to have bruises, and that’s why you have diligence. There are more bruises than we had thought here. The bruises are deeper than we hoped.”

    Compare this to the former enthusiasm expressed by Laurent Tapie back in September of last year. Tapie spoke to Jake Pollard of iGamingFrance, and said the following: “I wouldn’t have undertaken such a project if I didn’t believe in its potential… I believe we have the tools necessary to once again make the site one of the leaders in the online poker sector.” He did add that there was still “a long way to go” before being able to reopen the site, which he hoped back then could happen by last January.

    Four months later, the same Laurent Tapie spoke to iGamingFrance once again. “The financial position of Full Tilt, as it appears following the audit, is actually worse than expected.”

    He also voiced subtle frustration at the indebted professionals who have not yet volunteered to be shaken down, and pointed out that this refusal to return substantial amount of borrowed money is seriously hampering the deal. The names of a number of these players have been outed by Dayanim if former interview. When asked by PocketFives what motivated this public outing, Dayanim responded: “The reason we’ve gone public is because we’ve had limited success on our own. It’s hard to say any one person is holding up the deal, but there have been people who haven’t stepped forward to arrange for repayment.”
    Sources: Pocket Fives, iGamingFrance

    Gambling on the rise among Australian teens: In the SEO-consciously titled “Teens hooked on gambling” article by the Australian newspaper Sunshine Coast Daily, the incidence of gambling among teens is explored.

    Excerpt from the article: “There have been few Australian-based studies into youth gambling but some have found more than 50% of teenagers have gambled and up to 15% of youths who gamble are at risk of developing a problem.” Any reference to the other studies which haven’t found this is conveniently omitted.

    Data from a report for the Australian Government Department of Families, Housing, Community Services and Indigenous Affairs is also invoked. “In recent years, the incidence of underage gambling and its ability to lead to problem gambling behaviours at an early age has become a source of concern. It is estimated that between 80 and 90% of adolescents gamble in any given year, and that 10-15% of those who gamble are at risk of developing problem gambling.” Although some of this data may seem inconsistent with the first, it is important to remember that 90% is technically “more than 50%.”
    Sources: Sunshine Coast Daily

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    QuadJacks – Thursday, February 9, 2012

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