Brunson Trounces Beal for $5m
Dallas billionaire Andy Beal returned to the high-stakes poker world this weekend and promptly proceeded to lose $5 million to Todd Brunson.
Also, a new Nevada Senate bill could inadvertently make online poker backing illegal.
Todd Brunson Wins $5 Million from Andy Beal
The poker world was buzzing in the early morning hours of Saturday morning as a high-stakes contest raged on between billionaire Andy Beal and Todd Brunson.
The pair battled in Bobby's Room at the Bellagio in Las Vegas playing $50k/$100k Limit Hold'em.
Sitting down with $5 million each the pair played for several hours with Brunson holding the lead the majority of the time. Pro Kyle Loman tracked the action via Twitter and reported that Brunson felted Beal at 3:33 am Saturday morning.
This is the first time that Beal has played high stakes against any member of the famed "Corporation" since 2006. Beal started that session by winning $13.3 million against a group of pros that included Jen Harman, Ted Forrest and Doyle Brunson.
However, the group brought in Phil Ivey and he proceeded to win $16.3 million over the course of three days. Beal quit and vowed never to play again.
Nevada Bill Would Make Poker Backing Illegal
A story that has gained traction over the weekend is a Nevada Senate bill that could make staking players illegal. Senate Bill 40 (SB40) was pre-filed back in December but has been garnering press recently because of language that could affect poker tournaments.
The intent of the bill is to prevent money laundering by targeting sports betting proxy services. However, language in the bill could impact the lucrative business of online poker staking in the state.
The bill states that "Any bet or wager upon the result of any race, sporting event, or future contingent event" would be illegal to place or facilitate. The future contingent event is the one that could apply to poker.
It is common for pro poker players to be backed in events they play. This is done to help reduce variance and also to allow some pros to take shots at events they may not be able to afford.
The bill is still in its early form and could potentially be modified with a poker exemption. However, many in the poker community are calling for players to voice their opposition of this bill in its current form.