Ivey, durrrr, and other poker pros play ultra-high-stakes in Asia

Posted by Steve Ruddock on Nov 16, 2010 Posted in High Stakes Poker News | No Comments »

With stakes not seen since ‘The Corporation’ took on Texas Billionaire Andy Beal, a number of poker’s top talent took part in a wild cash game during the PokerStars.net APPT Macau tournament. Matt Savage posted on the 2+2 poker forums that the stakes of the game had risen to $5,000/$10,000 HKD (which translates to roughly $1,200/$2,400 USD) with somewhere in the neighborhood of $40 million on the table.

Amongst the participants were some of poker’s biggest names including Chau Giang, John Juanda, Phil Ivey, and Tom Dwan. Their foils were a group of Chinese businessmen, who regularly partake in the semi-private game but decided to open it up to the visiting poker pros –a decision they may come to regret if the rumors of the money changing hands are true.

Poker pro Tom Hall who is a participant in the game off-and-on gave his insights on what is taking place, telling 2+2 the following: “These “businessmen” are generally involved in the gaming industry in some form, casino junkets, sports betting etc and instead of losing tens of millions playing bacarrat every year discovered poker 2 years ago and have taken to it. Some have become very, very good… They like action and thats why people like Tom Dwan they find very fun to play against. They do not like nitty pros and have been known to change a game from a 10k / 20k (HKD) game to a 10/20k with 20k ante to force the pros to play.”

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