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The Poker Year In Review - August

Jose Macedo Defrauds Players, Chino Rheem Wins Much-Needed Score, And Much More In August


Chino RheemLuca Pagano celebrated his first major tournament takedown on home soil with a win in the San Remo leg of the Italian Poker Tour. The victory scored him €210,000 as he left 425 crushed souls in his wake.

Portuguese online poker prodigy Jose ‘Girah’ Macedo was dropped as a pro after being confronted about, and admitting to, defrauding players in a Skype strategy discussion group.

Fintan Gavin won £61,500 at the PokerStars UK & Ireland Poker Tour (UKIPT) Edinburgh by beating 518 players over three days at the Corn Exchange.

In the U.S, the first ever Epic Poker League main event was won by Chino Rheem. Rheem defeated two of the hottest players on the tournament circuit threehanded in Jason Mercier and Erik Seidel and was rewarded with a cool $1 million for his efforts. He now has $5.6 million in career earnings, though Rheem himself has admitted that his bankroll is closer to zero.

Poker pro Phil Hellmuth was named in Bleacher Report’s list of the “50 Most Punchable Faces in Pro Sports.” Amber Lee wrote about the 11-time World Series of Poker champion: Hellmuth’s “childish temper tantrums are legendary, and he’s become the poster child for how not to behave after a loss.”

Playtech, the publicly owned parent of the iPoker network, announced a drop in poker revenue of 33 percent between the first half of 2011 and the first half of 2010 from €15.8 million to €10.7 million (a drop of 25 percent excluding the impact of the closure of the French offshore market). digital entertainment plc, the recently merged online gaming operator, saw poker revenue fall 11 percent in the first half of 2011 to £104.9 million from £116.5 million in the first half of 2010.

Net poker revenue at Ladbrokes Plc, one of Europe’s largest bookmakers, fell 30.8 percent in the first half of 2011 to £7.4 million from £10.7 million in the first half of 2010.

It’s fierce rival, the publicly quoted online British bookmaker, meanwhile announced first half net poker revenues up 11 percent to £11.8 million from £10.6 million a year earlier.