Ivey Goes to Pot
Phil Ivey is once again expanding his brand while Daniel Negreanu tells players that PokerStars' recent changes are just all part of expanding the game of poker.
Phil Ivey Approved for Pot Dispensary License
Ten-time World Series of Poker bracelet winner Phil Ivey was among 26 applicants approved last week for a pot dispensary license in Las Vegas.
Medical marijuana is legal in Nevada and the Las Vegas City Council gave initial approval for these 26 to provide the substance to those with a medical marijuana card.
This is the first in a three-step process that Ivey must go through before opening shop. He must also receive approval from the state Department of Health and then go through a final suitability hearing with the City Council.
Ivey has been working diligently to branch out from playing poker in the last couple of years. His endeavors have included Ivey Poker, sports and entertainment promotional firm All-In Entertainment and the Ivey League poker training site.
Negreanu Defends PokerStars Game Changes
Last week PokerStars released its new rake structure that will see rake increases across the board from 15% all the way to 150% in some games.
The rake changes have been blasted by many professional poker players as it will affect them most dramatically.
PokerStars front man and pro Daniel Negreanu came to the company's defense over the weekend to explain the changes, saying that they were inevitable.
"The online poker landscape has changed over the last few years and many of these changes were inevitable in a competitive market for the company to continue to be the world leader.
"While I get it, nobody gets excited over rake increases, I think it's really important to note that PokerStars remains the cheapest place to play online poker. The rake increases are still smaller than what the competition offer, and that's before you account for the generous VIP programs."
Another point that he makes during his statement is regarding the World Series of Poker. A few years back the WSOP raised the rake on all tournaments and satellites and many players said that the tournaments were unbeatable.
Fast forward a few years and the WSOP is experiencing record growth and there seems no shortage of players wanting to play the so-called "unbeatable tournaments."
Recent moves by PokerStars have been aimed towards generating interest from recreational players over pro players. This is viewed as being more advantageous to all players involved in the long-term.