World Poker Tour

Mandalay Media Inc. stated on Friday that it submitted a revised proposal to WPT Enterprises Inc.’s board to buy its World Poker Tour assets for $36.5 million in cash and stock.

The revised proposal is to acquire WPT for $36.5 million, consisting of $28.5 million in cash, $5 million in Mandalay Media stock and perpetual revenue participation rights, guaranteed to be at least $3 million. The estimated value to shareholders per share is $1.77, including the guaranteed portion of the revenue participation rights, and as adjusted for the actual share count at closing.

WPT Enterprises announced in August that Peerless, a WPT customer, would buy its assets, including the World Poker Tour franchise, for for what equated to $12 million. The new proposal represents a premium of approximately 61% over the closing price of WPT`s common stock on October 26, 2009 and a premium of approximately 28% over the implied value at closing of WPT`s pending asset sale with Peerless Media Ltd.

The hearing is being held to look into the impact of proposals to expand casino gaming throughout the Commonwealth.

“Sadly, while the game of poker has evolved, the way politicians think about it has not,” said Randy Castonguay, Massachusetts state director of the PPA. “As this Committee discusses the pros and cons of regulating expanded gaming in our Commonwealth, it would also be appropriate to consider the existing Internet poker play that is occurring today without any state oversight or control. Regulation of Internet poker is not expansion of gambling, it is simply the responsible government response to an industry that exists today.”

Licensing and regulation of online poker would result in several benefits to Massachusetts residents, the first and most important of which is implementing state-based consumer protections which do not exist today. A regulated marketplace will also help the state combat underage access to online poker as well as identify and provide services to problem gamblers. Finally, licensing and regulation would provide significant state tax revenue – conservative estimates show $40 million annually for Massachusetts.

“We are advocating regulation of Internet poker, not Internet craps or roulette. And as every member of this Committee knows, unlike craps and roulette, poker is a game of skill that has been played in the home since Americans have been playing it. Regulating poker on the Internet is simply recognition of the game’s 21st Century place in American culture,” continued Castonguay.

$1 Million Tournament

Online poker players have a chance to win their share of one million dollars every month in a new tournament series staged by a leading poker room.

The inaugural $1,000,000 Guaranteed Prize Tournament will be staged on September 13, 2009 at 18:00 GMT, with a buy-in of $500 + $35. Poker players can also win their seat in qualifier satellites, with buy-ins as low as $1 + $0.10.

Titan Poker stages a highly popular $250,000 Guaranteed Prize Tournament every Sunday night, however on September 13, the focus will turn instead to the $1,000,000 Guaranteed. Many players have already guaranteed their seats at the hugely anticipated million-dollar event.

Titan Poker stages innovative and exciting promotions and tournaments, and awards seats to the major poker tournaments around the world, including the World Series of Poker, the Asian Poker Tour, the Aussie Millions, the ECPokerTour, and the Irish Open.

If you are looking to enjoy the very best in

ECOOP-V

ECOOP V will be run from Monday, 23rd November 2009 through to Sunday, 6th December 2009, and offers a mouth-watering guaranteed prize pool worth $4,600,000 in prize money.

Poker Plex players will have the chance to participate in 14 amazing events, spread over 14 days, with a wide variety of all the popular games in addition to the wonderful prizes.

The guaranteed prize pool for each poker event ranges from $50,000 all the way up to $1,500,000 for the Main Event on Sunday, December 6, 2009.

The first 13 events are No Limit and Limit Hold’em, Pot Limit Omaha, PL Omaha Hi/Lo and Limit 7 Card Stud with the Main Event being a No Limit Hold’em event.

This year’s ECOOP V tournament promises to surpass all previous highs, in excitement and rewards, and is one not to be missed by anyone who loves to bluff, bet or check their way to the final table.

New players and seasoned pros alike can book their seats at Poker Plex now and grab a share of the action. Super Satellites begin on September 21st, 2009 so join in and be part of the best online poker action of the year. Make 2009 a sensational poker year!

For a complete breakdown of the tournament schedule, and the super satellites see the Poker Plex website at www.pokerplex.com.

Previous ECOOP tournaments.

The inaugural ECOOP tournament series took place in November 2007 and offered a $2.5 million guaranteed prize pool. May 2008 saw the second tournament upping this to a $3.5 million prize pool, followed swiftly by a record breaking $4 million in December 2008.

This year’s ECOOP promises to be the best yet, with a staggering $4.5 million guaranteed prize pool and is once again taking the tournament to new and exciting heights attracting players worldwide.

Poker Plex Rake Race

This October Poker Plex will be running not one, but two Rake Races open to all players for a total of $20,000.

All players have to do to be eligible is to play online poker in any of the Tournaments or on any of the Tables.

The Tournament Fee Race for $5,000 and will be based on the amount of Tournament Fee’s an individual player generates between October 1st and October 31st.

The top 30 players will all be in the money!

The Ring Table Race for $15,000 and will be based on the amount of Ring Table Rake an individual player generates between October 1st and October 31st.

The top 50 players will win great prizes, just for enjoying the thrill of playing poker online.

What is a Rake Race?

A rake race is a competition to see who can generate  the most rake, poker points, raked hands, or another specific requirement in a period of time, usually a month. Each poker player is competing against other poker players on a specific poker site or network.

In most cases a rake race will payout the top xxx number of players, with the top place finisher receiving a very significant part of the prize pool.

Who are Poker Plex?

Online poker site  Poker Plex  are owned by the company Plex Gaming Ltd. and is part of the iPoker Network which is run and maintained by Playtech, the largest none U.S. Poker Network in the world.  Technical Systems Testing (TST), a North American incorporated company has approved Poker Plex, and has verified the games as true and fair, and Fintradex Ltd., a fully owned subsidiary of the company, processes all its financial transactions.

Aruba Poker Classic

With just days before the first hand of the 2009 Aruba Poker Classic is dealt, UltimateBet today announced that a record number of poker professionals will be playing in this year’s Main Event in Aruba.

“This is one of my all-time favourite poker tournaments,” said Annie Duke, UltimateBet’s Cardroom Consultant and member of Team UB. “While the UB community is famous for gathering together at all sorts of other poker tournaments like the WSOP, Aruba is all about celebrating the successes of UltimateBet’s online poker players. I can’t wait to meet the people I play against online, party with old friends on the beach and make some new ones.”

Over the last year, UltimateBet has secured some of the world’s most respected poker players for its popular Team UB. To date, the group of online poker pros made up of those who have achieved incredible success online and in land-based events has skyrocketed to 16. Each member of the group has confirmed their attendance in the 2009 Aruba Poker Classic.

Slated to play are Phil Hellmuth, Annie Duke, Joe Sebok, Adam Levy, Billy Kopp, Bryan Devonshire, Brandon Cantu, Debo34, Hollywood Dave, Liv Boeree, Matt Graham, Michael Binger, P0ker H0, Scott Ian, Shawn Rice and Tiffany Michelle.

The Aruba Poker Classic, UltimateBet’s signature island poker tournament, heads into its 8th year at the Radisson Aruba Resort & Casino. The weeklong poker experience runs from October 3rd through 10th and features a multi-million dollar prize pool.

Last year’s Main Event was won by Matt Brady of Havertown, PA, who took home $1 million for his victory. It’s rumored that the poker champion will show up to defend his title.

Players can still secure a $5,500 seat through an online satellite or buy directly into the event right up until the first hand is dealt. For more information on the 2009 Aruba Poker Classic, visit UltimateBet.com.