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Jungleman Joins $10m Club

12 August 2014, By:
Dan "Jungleman12" Cates joined an elite club this past week when he surpassed $10 million in high-stakes earnings on Full Tilt Poker.
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Dan "Jungleman12" Cates joined an elite club this past week when he surpassed $10 million in high-stakes earnings on Full Tilt Poker.

Also, unless something changes in the next month, Atlantic City will lose three more casinos.

Dan "Jungleman12" Cates Up Over $10m on Full Tilt Poker

This past Saturday Dan "Jungleman12" Cates set a personal all-time best on Full Tilt Poker, surpassing over $10 million in earnings.

Cates has been dominating high-stakes action in 2014, up $2.36 million through August 11.

Cates is now #3 all-time in Full Tilt earnings according to Phil Ivey won over $19.24 million pre-Black Friday. Patrik Antonius actually has two spots on the list.

He is #2 under "Patrik Antonius" with over $11.31 million in earnings and #6 overall under FinddaGrind with $5.29 million in earnings.

For those wondering about the other side of the coin Gus Hansen is still the #1 loser on Full Tilt, down $18.73 million lifetime.

Another telling name on the losers list is Phil Ivey. He is #6 on the all-time losses list under Polarizing with $4.5 million in loses.

Revel to Close in Sept. - AC Casino Market Reduced 25%

This has been a banner year for Atlantic City ... but not in a good way.

Revel Casino revealed on Monday that unless a last-minute buyer can be found the casino will cease operations on September 10.

Revel was scheduled to hold a bankruptcy auction last week but delayed proceedings until August 14 as the property was to evaluate potential bidders. It now appears that none of those bidders will step forward to bid on the property.

Should Revel indeed close that will make four casinos that will shut down in 2014. The Atlantic Club closed its doors in January and Showboat will close on August 31st. Trump Plaza is currently scheduled to cease operations on September 16.

Employees of the doomed properties as well as state lawmakers are putting in a last-minute appeal with the NJ Division of Gaming Enforcement to try to delay these closures until a buyer can be found.

Unfortunately, the DGE may lack the power to force such a delay.

Revel opened its doors in 2012 and cost $2.4 billion to build. The property has never turned a profitable quarter and is in the middle of its second bankruptcy.

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