Virtue Poker release white paper for first Ethereum Poker site.

With the recent explosion of bitcoin and Ethereum, and the rest of the crypto-currencies following close behind, we are close to seeing our first online poker site built using Ethereum.

Companies are currently using Ethereum and ICO’s to launch new products. Easiest way to describe a Ethereum ICO is imagining if Kickstarted and a conventional IPO’s had a love child. The result would be an ICO using Ethereum.

However, before you get to launching an ICO, the first thing is releasing your ‘white paper’. You can think of a ‘white paper’ as your business plan. This is what you plan on doing and how much ethereum you are planning on raising through your ICO, and how you are going to spend that. You will usually list the team behind it, as currently trust is a big thing in the ICO market as Ethereum is decentralised and is unregulated.

This week, Virtue Poker became the first company to release a ‘white paper’ describing there plans on becoming the first decentralised online poker site to launch using Ethereum using an ICO. There is currently no mention of attaching a casino or slots site onto Virtue Poker at the minute, but this could be a possibility in the future. Creating an online casino using Ethereum is also possible. However, you can check out Grande Vegas Online Slots if you are looking a trusted online casino or slots site.

You can read Virtue Pokers full ‘white paper’ by following this link. You can also visit the Virtue Poker website and sign up to receive information Virtue Pokers ICO.

WSOP Makes Plans To Launch First Event In China Before The End Of 2017

The 48th edition of the World Series of Poker (WSOP) is currently taking place at the Rio in Las Vegas, Nevada and the prestigious Main Event is already underway. The WSOP top brass are already making plans on growing the WSOP brand and taking the tournament to new countries.

Right at the top of the expansion program is China, which is considered to be one of the most lucrative poker markets in the world and is largely untouched because gambling is prohibited in Mainland China and the authorities have cracked down on poker tournaments in the past even though organizers have promoted poker as a game of skill and not chance.

The WSOP which is arguably the most recognized and popular poker brand in the world does not have any reservations in entering China as the company announced before the start of the 2017 WSOP Main Event that it had entered into a partnership with Tencent – a Chinese based company that has various business interests – one of them being gambling. The WSOP signed a 10 year agreement that will be beneficial to both companies as they both have a common interest of growing the game of poker and launching successful WSOP events.

The WSOP has plans to launch a number of events throughout Asia and the first event will most likely be the WSOP China tournament which will take place before the end of 2017. Tencent has a strong presence in China and will use its leverage to help spread the WSOP brand and bring in players to future WSOP events in China. Tencent has also signed an agreement with the WSOP to be its exclusive partner in selling WSOP merchandise and also for producing and distributing WSOP programming.

The WSOP is expected to begin training Tencent staff shortly to help the company prepare to host a successful WSOP China edition. Tencent will have to ensure that the WSOP China tournament maintains the high level of standard that the WSOP has set in terms of operational excellence, technical standards, gaming rules and tournament structure.

Tencent has experience of hosting live poker events on Hainan Island, which is similar to Macau but a lot smaller and with limited exposure to gambling. The company will host online qualifiers for WSOP China via its online poker app and the WSOP has confirmed that there will be WSOP gold bracelets up for grabs at WSOP China.

Iconic Stratosphere Casino Offers Daily Poker Tournaments With Low Buy-Ins

Poker players who are not familiar with the poker scene in Las Vegas will do well to pay heed to our suggestions with regards to find cool poker tournaments away from the Las Vegas Strip.

Whenever tourists visit Vegas and have an urge to play poker, they invariably tend to hit the casinos on the Strip because that’s where the action is supposed to be. However we can confirm that poker players will find some lucrative live poker action if they move away from the center of the Las Vegas Strip and head on to some of the lesser known poker rooms.

In fact, playing at live poker rooms a little away from the Strip is highly advisable for players who do not have too much money to spend. Currently, the iconic Stratosphere Casino is running affordable poker tournaments on a daily basis and players will most certainly end up having a good game as the casino property attracts a large number of tourists on a daily basis and a number of them end up playing poker.

This means more often than not there are some large pots to be won at their poker tables. One of the biggest selling points of the Stratosphere Poker Room is tournaments with low buy-ins and re-buys. The live poker room holds poker tournaments every day at 11:00 a.m., 7:00 p.m., and 11:00 p.m., so irrespective of their time of visit, players will find a tournament in progress at Stratosphere Poker Room. The tournament entry fee is $50 and players will receive a starting stack with 4,500 chips.

If players go in for the add-on of $20, they will receive 6000 more chips. The good news is that players can re-enter each tournament an unlimited number of times during the first one hour. Each poker level lasts 20 minutes, and cocktail waitresses are always ready to fetch drinks on demand.

The Stratosphere Poker Room is home to the Ace Play Club, which rewards members with points for real money poker play. Based on the number of points they earn, players will be showered with a variety of benefits that they can utilize at the property. Players who want a break from poker will also find a lot of other action at the Stratosphere including slots and video poker along with a wide range of non-gaming entertainment.

New Yorker mistakenly thinks she won $43m on Slots Machine

A New York woman was brought down to earth with a bump after she mistakenly thought she had won nearly $43m an eye-watering on a slot machine.

Katrina Bookman was playing a Sphinx machine at the Resorts World Casino (which is nearly an All Slots Casino), when the screen lit up with the words ‘Printing Cash Ticket’ accompanied by the eye-watering and life-changing eight-figure sum of $42,929,672.76.

After alerting security and being mobbed by other customers, Bookman took a selfie to document her “win”, but was denied the largest-slot machine jackpot in US history when she was told that she would have to return to the casino the following day to hear their decision on the incident.

When Bookman returned she asked the casino “What did I win?” and a representative for the casino replied “You didn’t win nothing.” In fact, according to Bookman the only thing the casino offered her was a complimentary steak dinner.

Bookman says that the first thing she thought about when the amount flashed up on the screenwas her family. She was raised in foster care, was homeless as a teen and has raised four children all by herself.

“The struggle I’ve been through, it’s hard to cope,” said Bookman.

“I can’t really describe the feeling [following her win], it’s like my whole body just went numb.”

She said that she instinctively had made plans for the money, with buying a barber shop for her son as well as giving back money to her community her top priority.

After the incident, Bookman is now planning to sue the casino. Her attorney, Alan Ripka says that Bookman should at least be able to win the maximum payout that particular machine could offer: $6,500.

“They win and the house doesn’t want to pay out. To me that’s unfair.”

“The machine takes your money when you lose. It ought to pay it when you win”

The New York State Gaming Commission explained that the slot machine had malfunctioned and the innocuous phrase “malfunctions void all pays and plays” is stated clearly on all machines.

The machine in question was pulled from the casino floor immediately after the incident. It was repaired and placed back out for future patrons of the Resorts World casino.