Cates is King, Full Tilt Refunds Coming
Dan "Jungleman12" Cates took down the WPT Alpha8 event in Johannesburg, South Africa this past weekend in an event that was a glorified sit-and-go while Full Tilt Players will soon start receiving refunds into their checking accounts.
Finally, a lapse of judgment by an up-and-coming poker pro has likely cost him his integrity and perhaps any chance at winning a WSOP bracelet in the future.
Daniel Cates Wins WPT Alpha8 Johannesburg
After a couple weeks of record-breaking fields in high roller events at the 2014 Aussie Millions, hopes were high for the WPT Alpha8 event in Johannesburg, South Africa.
Unfortunately, the $100,000 buy-in event only drew a total of nine entries and had a prize pool of just $975,000. Dan "Jungleman12" Cates finished Day 1 as the chip leader and would eventually take down the event.
Only three players were paid in this event. Jason Mercier finished in third, taking down $200,000.
Heads-up was between Cates and Kinesh Pather. Cates had a 5-1 chip lead to start heads-up play and quickly dispatched Pather to take the title and $500,000.
While the event failed to produce a seven-figure payday, Cates still earned the largest score of his live poker career.
American Full Tilt Players to Start Receiving Payments
The Garden City Group announced late last week that it is currently preparing payments for former Full Tilt Players that have already confirmed their online balance.
According to FullTiltPokerClaims.com, players may notice a $0 transaction in their bank accounts starting February 13th. This is a typical testing measure done by a company to confirm that a bank transfer will complete successfully.
Approximately $82 million in refunds have been approved by the US Department of Justice for redistribution to players. Over 30,000 players have filed petitions with the Garden City Group since September 2013.
A total of $184 million is estimated to be owed to players, so at this moment it appears less than half the money owed to players will be refunded.
Three-Time Circuit Ring Winner Investigated for Chip Theft
WSOP officials announced on Monday that three-time Circuit ring winner Chad Pelton was being investigated after reportedly pocketing a 25,000 denomination chip after the $1,125 NL Event at the WSOP Circuit Palm Beach Kennel Club in Florida. Ironically, Pelton took the chip after winning the event for his third circuit ring.
According to Pelton he was pocketing the chip as a souvenir from his victory. He was apprehended by the tournament staff and his prize money is currently being frozen while they investigate.
While he claims no ill-intent for his chip theft, many players are still on edge following the introduction of counterfeit chips into the 2014 Borgata Winter Open a month ago.
Christian Lusardi introduced fake chips into the WPO $2 Million Guarantee Event and it was later discovered that he had dumped close to a million in fake chips down the toilet.
While Pelton's crime is not the same, he could face severe penalties. Pelton took down Event #2 of this circuit stop and was likely going to win the Casino Championship title and a spot in the WSOP National Championship. Those could be forfeited as well as his $47,061 in prize money.
Chances are that he could also be banned from all Caesars properties, effectively ending his circuit and potential WSOP career.