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Poker News Digest 11/19/2008 – 11/21/2008
By Dan
Published: Thursday, November 20, 2008
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- Professional poker player, Clonie Gowen, filed a lawsuit in Nevada District Court last Friday against Full Tilt Poker. Officially, the defendants listed are Tiltware, which is Full Tilt’s software developer, FullTiltPoker.com, FullTiltPoker.net, Pocket Kings, Ltd., Kolyma Corporation, and the members of team Full Tilt – Howard Lederer, Chris Ferguson, Andy Bloch, Phil Ivey, Phil Gordon, Jennifer Harman, John Juanda, Erick Lindgren, Erik Seidel, Gus Hansen, Mike Matusow, Allen Cunningham, Patrik Antonius, and Ray Bitar. Gowen was hired by Full Tilt to be one of its pro players in 2004, in exchange for which she was to receive one percent ownership in the company. There was no signed contract; all agreements were verbal. She says that she received no compensation, not even tournament buy-ins, from the time she signed on through November 11, when she was let go by Full Tilt. She was offered $250,000 by Howard Lederer in November 2007 for “past performance,” but she declined because she believed she was owed more. Gowen and her lawyers estimate Full Tilt to be worth $4 billion, and thus want $40 million, her one percent.
- Shawn Riley, co-founder of the World Poker Tour Amateur Poker League, has created a version of poker that he believes cannot be labeled as anything but a game of skill, and thus is completely legal. The game, called “Kandu Challenge,” is the same as Texas hold’em, with a few tweaks. After the cards are shuffled, they are fanned out, face up, for two to three seconds, so that all the players have a chance to figure out what cards may be dealt and to whom. When the deck is cut, the bottom card is also shown. The “flash” is supposed to allow players to use their skills of observation and memory to gain an edge. Additionally, each hand is a called a “challenge,” and the pot is called a “purse.” There are no blinds, but there are antes. Players can opt out of each hand, avoiding the antes, after the flash. Riley has been testing the game at a bar in Wichita and it has been going very well. Local police have watched the game and have said that it does appear to be a game of skill, so they have no reason to shut it down.
- Gigamedia, software provider to Everest Poker, reported positive earnings this week, with net income rising 24 percent to $12 million for the third quarter. Revenues were also up compared to the third quarter of last year, increasing 16 percent to $45.7 million. This is only half what the revenues were for the second quarter of 2008, though. The company attributes this drop to the standard summer slowdown (people spend more time outdoors) and interest in the Olympic Games.
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