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Annie Duke

Epic Poker League Suspends Howard Lederer and Chris Ferguson


Damned if they do, damned if they don’t: Howard Lederer and Chris Ferguson have been suspended indefinitely from the Epic Poker League.Awkward.

Today the Epic Poker League announced the suspensions of Howard Lederer and Chris Ferguson.

Lederer is the brother of Epic Poker League commissioner, Annie Duke.

From the statement:

“…Epic Poker League’s Standards & Conduct Committee indefinitely suspended League members Howard Lederer and Chris Ferguson. The Amended Complaint named Lederer and Ferguson as defendants, specifically in relation to their roles as directors of Full Tilt Poker from April 2007 to April 2011….Although the Amended Complaint constitutes a civil, and not criminal, action and facts are alleged but not yet proven, “the specificity of the allegations and the fact they came from the United States government made this the right course of action in the best interests of the players in the League…The Committee will continue to monitor the legal actions. “If other members are named in the actions, the Committee will consider additional disciplinary action.”

The suspensions of Ferguson, and in particular Lederer, is yet another PR blow for the fledgling league.

While the 2011 WSOP brought in record numbers, and the WPT and EPT continue to exceed expectations, the EPL’s second Main Event brought in only 97 players, around a 30% drop from the first event (the second ProAM performed even worse, dropping over 50% in participation). The inaugural event was won by David “Chino” Rheem, who then was quickly put on probation for debts owed to the poker community (a slippery slope given the industry). Then, during the second ProAm, Michael DiVita, a registered sex offender, won a Main Event seat, but was not allowed to play in the Main Event or even claim the value of his $20,000 seat.  DiVita claims he was bullied/intimidated by league officials into just accepting a refund of his $1,500 ProAm buy-in.

Now with the Lederer and Ferguson charges, the company effectively finds itself in a “damned if you do, damned if you don’t” situation.

Yes, the civil charges against Lederer and Ferguson are damning. But typically in America you’re still innocent until proven guilty in a court of law. So despite the “specificity” of claims against Lederer and Ferguson, and whatever the poker community’s (justified) feelings towards them may be, due process is still due process. The league could’ve (and we’d argue should’ve) waited until a judgment was made against Lederer and Ferguson before making any decision–or at least waited to see if actual criminal charges are filed.

By not doing so, they’ve established themselves as the judge and jury and moral arbiters of the poker community. And while they have every right to do so if they want to, they’ve set themselves up for more and more difficult decisions down the road.

However, and ultimately in their defense, they may not have had any choice in the matter. The shareholders and management of Epic likely recognized the potential shitstorm of having the brother of their commission–Annie Duke–receiving a mountain of bad mainstream press, and wanted to distance the company–and Duke– from it. “Hey–we suspended the commissioner’s own brother–that’s how serious we take these charges,” is a good story to spin to advertisers, TV networks, and investors.

So are Epic’s ethics committee’s decisions painting the league in bad corner after bad corner? Yes. Should Epic have suspended Lederer and Ferguson so soon without any criminal charges or due process? We’d say no–at least not yet. But did Epic have any other choice? Probably not.

Read Epic’s announcement here.

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Epic Poker League: What Will Be Considered a Success?


Annie Duke is betting that Epic Poker's success will be thiiiisss big.

The Epic Poker League holds their first Main Event on Monday.

Giving credit where it’s due: going from a PowerPoint concept to an actual real, living event with a (time-buy) TV partner and palpable enthusiasm from a swath of players in one year is a major achievement.

But getting there is one thing. Making it a success is another.

With that in mind, what will constitute a success for Epic, from the public’s perspective?

In talking with a number of people in the industry, we’ve condensed the general consensus for what would be considered Epic success…

[click to continue…]

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Federated Sports+Gaming and Heartland Poker Tour?


The Heartland Poker Tour has a new boss.

Federated Sports+Gaming announced the acquisition of the Heartland Poker Tour yesterday. While the announcement wasn’t terribly clear on how HPT will be integrated with the upstart league (other than possibly being a Pro-Am feeder), it’s still an important industry development, and another clear sign that FS+G is going to spend some cash.

However, like the Rolling Stones song “Mixed Emotions,” we have mixed emotions on this one.

On one hand, HPT is inarguably the most under-reported success story in the industry. The tour has consistently grown over the years, enjoying great brand loyalty among its customers. HPT actively competes with–and often beats–the WSOP Circuit for participation across middle-U.S.-American casinos. The tour has also expanded to massive domestic TV distribution. Simply put, it’s a great talent acquisition, as HPT co-founders Todd Anderson and Greg Lang are among the best in the industry at what they do.

But as a branding and business fit? It’s like fitting a square peg through a round hole.

FS+G was originally positioned as a “pro” league. However, most of its recent focus has been on the amateur ranks.

The company is failing miserably at filling tables for their Pro-Am satellites, despite seeing strong attendance across the street at the 2011 WSOP and from Venetian Deep Stack events. In fact, FS+G is frequently not being able to meet their 5-person minimum requirement to just hold a Pro-Am qualifier. Rumors abound that the Palms is none too happy about FS+G’s inability to drive foot traffic to these qualifiers.

So maybe HPT helps them reach more “amateurs.” But how much value does that really have? FS+G, at least originally, didn’t seem to have much stated intention to load their events with more regular Joe’s instead of pros.

FS+G also has been touting a “major” TV distribution partner, which everyone believes to be CBS (although recent rumors suggest it’s more likely to be the significantly less-household’d CBS Sports). When that relationship inevitably goes sour (poker productions on TV without PokerStars or Full Tilt ad dollars to support it just don’t have a chance), maybe FS+G can tap into HPT’s distribution reach.

Whatever the case, more likely than not, this acquisition was likely done for one major reason: positive EBITDA.

By all accounts, HPT is doing well. You can’t run a TV tour for as many years as they have and not have it translate into a profitable venture. Adding a valuable asset with positive EBITDA to FS+G’s arsenal should help in their future fund-raising efforts. It’s ultimately a very important cog in FS+G’s future plans.

For HPT’s sake, we hope this acquisition doesn’t muddy their branding waters. They’ve built an impressive business (and business model) serving a specific niche in the industry better than anyone. So aligning themselves with a not-so-impressive business (and business model) may prove to be tricky.

At the end of the day, like that song from Asia, only time will tell.

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Wicked Chops Podcast: Phil Hellmuth and Annie Duke Leave UB


Who is going to replace Hellmuth and Duke next week?

Team UB pro Joe Sebok has been doing the media rounds today discussing the departure of Phil Hellmuth and Annie Duke from UB today.

We caught up with him for a brief podcast on why the departures happened, how much of a break UB is making with its past, and where UB is headed in the future (plus who the “big announcement” joining the team could be).

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Phil Hellmuth, Annie Duke Leave UB


So what logo will Phil Hellmuth be wearing during next year's WSOP entrance?

In a move that surprises no one, Phil Hellmuth and UB have announced they are parting ways today.

In a move that surprises some, Annie Duke has announced she’s leaving UB as well.

The timing of the announcements today obviously aren’t a coincidence. UB has a history for releasing big news during dead press times (Exhibit A: super-user list on 9/11), and this is something that must’ve been in the works for awhile between the parties.

Having said that, this feels like a win-win-win for everyone involved. For UB to effectively move from the past, cutting ties with Hellmuth and Duke (and of course, Excapsa) was a must.

And for Hellmuth and Duke to shake the dirt off their shoulders from the UltimateBet super-user scandal and rebuild their reps, leaving UB was a must as well.

UB is moving in a different direction with their team and marketing efforts, building up more of a youth-orientated squad headlined by Eric Baldwin, Adam “Roothlus” Levy, and Maria Ho. We expect this trend and complete remodeling of the team to continue in the near future.

What’s next for Hellmuth and Duke? That’s not as obvious. Although one person who has to be happy about this is Hellmuth’s agent, Brian Balsbaugh at Poker Royalty. Love him or hate him, Hellmuth is the biggest needle mover on TV for poker. A deal with any number of sites (U.S. or non-U.S. facing)– or perhaps some new venture– feels almost inevitable for Hellmuth. The only question is how fast will he be scooped?

Also, if Hellmuth actually does land on Dancing with the Stars and manages to last a few weeks, that would absolutely broaden his appeal to other poker–or more mainstream–sponsors as well.

As for Duke, she’s done a great job positioning herself for more mainstream opportunities, and we could see her expanding past the traditional online poker sponsorship opportunities.

Anyway, it should be an interesting few months for Hellmuth, Duke, and UB.

Expect a podcast with Team UB member Joe Sebok about all of the changes later tonight or tomorrow. We will try to land a podcast with Hellmuth, or his agent Brian Balsbaugh, early next week.

Read Duke’s statement here.

Read Hellmuth’s statement here.

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