Brazil forms the largest and most diverse country in South America. The country’s population is among the largest of the entire world, with over 200 million people. Out of this number, around 100,000 people engaged in poker activities and gambling online back in 2006. The number increased to around 4 million as of 2018, showing the people’s determination and need for game legalization, according to Statista.
All the earning realized from the game go to the black market, estimated to be over $8 billion in a single year! Illegal gambling brings in half of the amount, while land-based ventures bring in the remaining half.
Poker in Brazil took shape back in 2009 when the first governing body CBTH became a reality. The organization took upon itself to educate the masses, amassing a lot of positive reputation and respect for the sport. As a result, Poker became a fun game. The best description transformed from a gambling game to a sport that required an individual’s concentration, regular training and ongoing study for improvement! The CBTH was also responsible for the recognition given to Poker in 2012 and its inclusion into the sports category by the Ministry of Sports.
The legalization was long in coming since; Alexandre Gomes had already scooped the WSOP gold bracelet back in 2008. He also took the Bellagio Cup tournament valued as the highest globally, with a cash value of $1.188 million. In the same event, Brazilians went ahead and bagged 2011, 2015, 2019 and 2020. Each of the winners took home more than a million dollars in winnings. The Latin American Tour has also taken interest and has had several tours in the country! The boost from local celebrities in the football industry, such as Neymar and Ronaldo, has further accentuated the need for legalization. It’s apparent that Brazil has become a poker tournament game host with major series making their home and stop in the country.
Brazil is yet to set and execute a workable regulation plan for Poker and other gambling forms. However, with the Latin American Poker Tour and the WSOP Circuit Brazil holding tournament series in the country, it is clear that change is around the corner. However, the country’s talks on legislation and proper regulation for gambling are nowhere near complete. Therefore, more and more people are turning to online gambling as the government has taken no steps towards regulating online gambling!
So far, anyone can play Poker online and can technically be termed as “Free” for any interested parties. Plus, popular providers have few restrictions for Brazilian players making it easier to access online poker rooms. The reason behind the absence of restrictions is that Brazil can become the largest and most diverse “poker and gambling market” in the entire universe. Carving a slice of the pie and tucking it in before other sharks pounce on the market is indeed a wise decision!
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That’s according to Chandler Pohl, vice president and legal counsel for MGM Resorts International. His comments during a lengthy, and sometimes bewildering, Nevada Gaming Control Board (NGCB) meeting on Wednesday means BetMGM Poker NV is still not close to prime time. (MGM Resorts International owns half of BetMGM, Entain owns the other half).
Nevertheless, Pohl urged the panel to recommend that the Nevada Gaming Commission (NGC) grant the company what would be its 14th extension of an interactive gaming license for online poker. The NGC is scheduled to meet ion April 18.
“We have a few more small projects related to sports betting, and then the timeline would allow the poker [product] to be the next project.”
The NGCB ultimately agreed to recommend another extension. Although the extensions are officially for six months, the NGC has been granting year-long extensions up to this point.
I don’t mind recommending another waiver to the Commission … but I’m going to leave a very clear record without conditioning the waiver.
WPT Global (WPTG) President Alex Scott said his company has the US “very much on our radar” but cautioned that there would no immediate launch state-side.
Scott told that WPTG was obviously thinking about entry into the United States, though its first step into a regulated market would be somewhere with international liquidity.
“The US is the home of poker,” Scott said. “There is no market like the US when it comes to poker. People grow up playing it. It’s really part of the national culture.”
“Really, if you want to maximize the value of anything poker, the US has to play a part in that,” he added. “Yes, obviously, we want to be in the US in the future.”
However, he said the company is looking at several months of work — involving software development, real-time integration, and organizational changes, among other things — before entering any regulated markets, and closed ones like the US will not be top priority.
“It’s a slow process,” Scott said. “There’s an enormous amount of work required to enter all of the regulated markets that are out there. We definitely aspire to be in as many of those regulated markets as we can, but we also know it’s going to be a very difficult challenge.”
A few months ago, Shaun Deeb Flag of the United States made headlines in the poker world for his bet against Bill Perkins Flag of the United States. It consisted of lowering his body fat to 17% and although the prop bet did not come to an end, Deeb took home US$800K and the entire scene was surprised to see the noticeable change in his physique.
Apparently, Deeb's achievement in his bet against Perkins has motivated him to encourage other people to do something similar. The change in him was very noticeable and everyone claims to see him much better after having lost almost 40 kilos. Perhaps this marks the beginning of an equally favorable change in Kuhn's life.
Now, Deeb is on the other side of this story and bet Robert Kuhn Flag of the United States that he must go 30 days without eating anything, only drinking water, coffee and vitamins. The bet would be with odds of 20:1. If Kuhn loses, he pays US$3,000 to Deeb, while if he meets the challenge, Deeb must pay him US$60,000.
Deeb established certain rules that Kuhn must follow in order to win:
- Kuhn cannot consume anything other than water or coffee for 30 days.- Kuhn can drink coffee after two hours of waking up.
- Kuhn can consume electrolytes, salts, and vitamins.
Kuhn agreed to accept these conditions, but he first plans to consult with a medical team to make sure he is not putting his health at risk. He has already had blood tests and will be under medical follow-up throughout the process.
Poker players in Canada have been starved for live tournament action for far too long until WSOP and GGPoker announced the launch of the first-ever WSOPC Toronto this March. Starting on March 22, WSOPC Toronto will be played at the Great Canadian Resort and will feature eight WSOPC ring events with buyins ranging from $250 to $3,500. The festival will run until April 1 and will include No Limit Hold’em events only.
With just over a week left before WSOP Toronto 2024 kicks-off, WSOP Ontario and GGPoker are offering a variety of satellite options to win your way into the Main Event at just a fraction of the price.
The game's new poker boom in recent years has included media efforts aimed at a younger generation of players, including Twitch streaming and YouTube vlogging. The online gaming platform Steam, as well as other gaming options, have now seen a poker-related game attracting some attention.
The Balatro game features poker-like gameplay using wild cards to build a hand and sold over 250,000 copies in the first three days of its release across all platforms; and now the score its 500,000 in 10days.
The game receives good reviews The game is available for PC, PlayStation, Nintendo Switch, and Xbox, and earned a Metacritic score of 89. The game puts a bit of a twist on poker, but also includes some more traditional game terms and actions. Balatro offers the opportunity to introduce poker to players and has gotten some positive reviews so far.
How is the game.
“Each hand has its own amount of chips and associated multiplier bonuses, and the goal of Balatro is to get closer to victory by making the most of the cards you are dealt. While some blinds are small, reaching only 300 or 450 at the start of a match, they quickly begin to grow into the tens of thousands as each successfully defeated boss increases the blinds and accompanying bets. Get to an ante of eight and, bingo, you've won a Balatro streak.
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