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Online Poker
Online poker is the game of poker played over the Internet. It has been partly responsible for a huge increase in the number of poker players worldwide. Christiansen Capital Advisors stated online poker revenues grew from $82.7 million in 2001 to $2.4 billion in 2005, while a survey carried out by DrKW and Global Betting and Gaming Consultants asserted online poker revenues in 2004 were at $1.4 billion. In a testimony before the United States Senate regarding Internet Gaming, Grant Eve, a Certified Public Accountant representing the US Accounting Firm Joseph Eve, Certified Public Accountants, estimated that one in every four dollars gambled is gambled online. Traditional (or "brick and mortar", B&M, live, land-based) venues for playing poker, such as casinos and poker rooms, may be intimidating for novice players and are often located in geographically disparate locations. Also, brick and mortar casinos are reluctant to promote poker because it is difficult for them to profit fro ...
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Planet Poker Lobby
A planet is a large, rounded astronomical body that is neither a star nor its remnant. The best available theory of planet formation is the nebular hypothesis, which posits that an interstellar cloud collapses out of a nebula to create a young protostar orbited by a protoplanetary disk. Planets grow in this disk by the gradual accumulation of material driven by gravity, a process called accretion. The Solar System has at least eight planets: the terrestrial planets Mercury, Venus, Earth and Mars, and the giant planets Jupiter, Saturn, Uranus and Neptune. These planets each rotate around an axis tilted with respect to its orbital pole. All of them possess an atmosphere, although that of Mercury is tenuous, and some share such features as ice caps, seasons, volcanism, hurricanes, tectonics, and even hydrology. Apart from Venus and Mars, the Solar System planets generate magnetic fields, and all except Venus and Mercury have natural satellites. The giant planets bear planetary ri ...
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Empire Online
''Empire'' is a British film magazine published monthly by Bauer Consumer Media. The first issue was published in May 1989. History David Hepworth of Emap, the publisher of British music magazines '' Q'' and '' Smash Hits'', among other titles, came up with the idea to publish a magazine similar to ''Q'', but for films. They recruited ''Smash Hits'' editor Barry McIlheney to edit the new magazine, with Hepworth as Editorial Director. Hepworth produced a one-page document of what he wanted to achieve. Among them, they planned to review and rate every film that was released in the cinema in the United Kingdom. It also said that "''Empire'' believes that movies can sometimes be art, but they should always be fun." The first edition (June/July 1989) was published in May 1989 with Dennis Quaid and Winona Ryder on the front cover from the film '' Great Balls of Fire!''. The first issue reached its target of 50,000 copies sold. Film reviews were given a star rating between 1 and 5, ...
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Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ...
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London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cathedral in the City of London. Since 2007, it has been part of the London Stock Exchange Group (LSEG, that it also lists ()). The LSE was the most-valued stock exchange in Europe from 2003 when records began till Autumn 2022, when the Paris exchange was briefly larger, until the LSE retook its position as Europe’s largest stock exchange 10 days later. History Coffee House The Royal Exchange had been founded by English financier Thomas Gresham and Sir Richard Clough on the model of the Antwerp Bourse. It was opened by Elizabeth I of England in 1571. During the 17th century, stockbrokers were not allowed in the Royal Exchange due to their rude manners. They had to operate from other establishments in the vicinity, notably Jona ...
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PartyGaming
PartyGaming plc was a network of gambling sites operated by Ruth Parasol in the Caribbean. Founded in 1997, the network eventually operated under an umbrella company called iGlobalMedia, which then changed its name to PartyGaming. PartyGaming's flagship site, PartyPoker.com, was launched in 2001. Its primary shareholders were Parasol, Group Operations Director Anurag Dikshit, Marketing Director Vikrant Bhargava (who joined the company in 1998 and 1999, respectively), and Russ DeLeon (Parasol's ex-husband, Harvard attorney and serial entrepreneur). The company merged with bwin Interactive Entertainment in March 2011 to form Bwin.Party Digital Entertainment. History In the 1990s, Las Vegas consultant and actuary Michael Shackleford ran a computer trial of the first blackjack and roulette games offered by the company. Shackleford stated that the "results clearly showed they (the games) weren't fair". Ruth Parasol's spokesman Jon Mendelsohn acknowledged that the chances had "tippe ...
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Sportingbet
Sportingbet is a British online gambling operator, owned by GVC Holdings plc. The company was listed on the London Stock Exchange and was a constituent of the FTSE SmallCap Index prior to its acquisition by GVC. History The company was founded by Mark Blandford in 1997. Sportingbet acquired Paradise Poker in October 2004. On 7 September 2006 Sportingbet reported that its then chairman, Peter Dicks, was detained in New York City on a Louisiana warrant while traveling in the United States on business unrelated to online gambling. Louisiana is one of the few states that has a specific law prohibiting gambling online. In March 2007, all Louisiana warrants involving the company were cancelled. In October 2006, Sportingbet announced Paradise Poker would stop taking deposits from US customers, although most would be allowed to continue to play for another month. Additionally, Sportingbet sold all its US-facing sports betting and casino businesses, including Sportsbook.com and Spor ...
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Greg Raymer
Gregory Raymer, nicknamed "Fossilman," is a professional poker player and author. He is best known for winning the 2004 World Series of Poker Main Event. Early life Raymer's family moved numerous times during his childhood, from his birthplace of Minot, North Dakota to Lansing, Michigan, where he lived until age 10. He then moved to Clearwater, Florida, attending Dunedin Middle School, and would move later once again, this time to St. Louis, Missouri. After Raymer graduated from Parkway South High School in St. Louis, he enrolled at the University of Missouri–Rolla, where he majored in chemistry and became a member of the Kappa Sigma fraternity. He graduated from the University of Minnesota with a master's degree in biochemistry in 1989, and then again from the University of Minnesota Law School in 1992. He then practiced law as a patent attorney for more than a decade, spending the last six years of his legal career at the pharmaceutical company Pfizer. Raymer is nickname ...
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Poker Boom
The poker boom was a period between 2003 and 2006, during which poker, primarily no-limit Texas hold 'em, but also other variations, became considerably more popular around the world. During the boom years, the online poker player pool at least doubled in size every year. Causes The seeds of the boom began in 1998, with the release of the film ''Rounders'' and the introduction of online poker at Planet Poker. These events built on the occasional telecasts of the World Series of Poker (WSOP) Main Events that were recorded each summer and broadcast later in the year. Two specific 2003 triggers completed the launch of the poker boom. In the spring of 2003, the World Poker Tour's inaugural season debuted on the Travel Channel on American cable television. The impact of the boom was escalated in May 2003, when amateur Chris Moneymaker won the 2003 WSOP Main Event. Moneymaker won his seat via a $86 satellite tournament on the PokerStars online poker room. Moneymaker was one of 839 entr ...
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2003 World Series Of Poker
The 2003 World Series of Poker (WSOP) was held at Binion's Horseshoe. Preliminary events Main Event There were 839 entrants to the main event. Each paid $10,000 to enter what was the largest poker tournament ever played in a brick and mortar casino at the time. Many entrants, including the overall winner Chris Moneymaker, won their seat in online poker tournaments. The 2003 Main Event was the first tournament to pay out at least $2,500,000 to the winner. Dan Harrington made the final table and looked to win his second Main Event championship, but fell short in third place. Final table *Career statistics prior to the beginning of the 2003 Main Event. Final table results Other Notable Finishes {{Major Poker Tournaments World Series of Poker World Series of Poker The World Series of Poker (WSOP) is a series of poker tournaments held annually in Paradise, Nevada and, since 2004, sponsored by Caesars Entertainment. It dates its origins to 1970, when Benny Binion invit ...
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Chris Moneymaker
Christopher Bryan Moneymaker (born November 21, 1975) is an American poker player who won the Main Event at the 2003 World Series of Poker (WSOP). His 2003 win is said to have revolutionized poker because he was the first person to become a world champion after qualifying at an online poker site. This has been referred to in the press as the "Moneymaker effect". Early life Moneymaker's ancestors made silver and gold coins and chose the name "Moneymaker" as a modification of their German last name: "Nurmacher." Moneymaker was born in Atlanta, Georgia. He attended Farragut High School in Knoxville, Tennessee, and later earned a master's degree in accounting from the University of Tennessee. After receiving his master's degree, Moneymaker worked as a comptroller. He was also a part-time employee at a local restaurant, in Spring Hill, Tennessee. Poker career World Series of Poker Moneymaker was working as an accountant when he won a seat in the Main Event of the 2003 World Series o ...
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PokerStars
PokerStars is an online poker cardroom that was a part of The Stars Group until it was sold to Flutter Entertainment on May 5, 2020. It can be accessed through downloadable poker clients for the Windows, macOS, Android and iOS. It is the largest real money online poker site in the world, controlling over two-thirds of the total online poker market. A PokerStars.com online satellite tournament produced the 2003 World Series of Poker (WSOP) champion, Chris Moneymaker. As the first person to become a world champion by qualifying at an online poker site, Moneymaker's 2003 win was an important factor in catalyzing the poker boom of the mid-2000s. The press has called this the "Moneymaker effect." History PokerStars launched its beta play-money-only site on September 11, 2001. The company began offering real money wagering on December 12, 2001. PokerStars was originally a Costa Rican company, Rational Enterprises, which was majority owned by the Israeli Scheinberg family. The compa ...
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