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POKERGO® UNVEILS GROUNDBREAKING PROFESSIONAL POKER TOUR AND RANKING SYSTEM WITH POKERGO TOUR™

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  • Trailblazing PokerGO Tour Will Determine the Most Elite Players Across the Globe Based on Performances at Over 150 Qualifying Events, 
  • With Tens of Millions of Dollars at Stake Throughout the Year
  • Top Performer in the PokerGO Tour Will Be Awarded $100,000 and Named the Player of the Year (POY), Incorporating Results From PokerGO®’s Esteemed Portfolio of High Stakes Events, Including the Poker Masters, U.S. Poker Open, Super High Roller Bowl and More

The first ever global professional poker ranking system, the PokerGO Tour will mark the first time an official tour and ranking system of this magnitude has been seen in the poker industry, which will separate and celebrate the most elite professional poker players in a similar fashion to the ranking systems of the world’s most renowned professional sports.

Throughout the year, players will earn points on every in-the-money finish at each PokerGO Tour Rankings showcase who holds the top spot in the world of high stakes poker players.

“The sport of poker is hundreds of years old and until now, there has not been a globally recognized tour and ranking system that establishes and celebrates the most elite players across the globe, so we started something we hope will evolve and grow,” said Mori Eskandani, President of PokerGO®. “The PokerGO Tour events will include the world’s most challenging high stakes events in the world, bringing poker front and center in the world of sports in a way that has never been done before.”

The PokerGO Tour will kick off with the 2021 U.S. Poker Open on June 3rd, 2021, at the PokerGO Studio in Las Vegas. The U.S. Poker Open will take place from June 3rd – June 14th and is one of PokerGO®’s elite tournament series with twelve unique events where poker’s best players battle it out to bring home the inaugural Eagle Trophy.

Other qualifying events in the PokerGO Tour originating from PokerGO®’s esteemed portfolio of events include:

  • PokerGO® Cup – a brand new major featuring eight events of various formats including a $100,000 NLH Main Event, which will take place from July 1st – July 10th, taking July 4th off.
  • PokerGO® Heads-Up Championship – another new major slated for July 12th with a $3.2 million dollar prize pool. In the PokerGO® Heads-Up Championship, 32 poker professionals will battle in a bracket-style format.
  • Poker Masters – a twelve event tournament series from September 13th – September 24th that challenges the world’s best all-around players, giving them the opportunity to take home a coveted purple jacket.
  • Super High Roller Bowl (SHRB) – a 3-day tournament with a $300K buy-in staring on September 26th that will bring out the world’s best poker players competing for millions of dollars as well as the SHRB ring.

The point system for the PokerGO Tour is as follows:

 

Cash 10K+ 25K+ 100K+
5,000,000 1,500 1,000 700
4,000,000 1,400 900 600
3,000,000 1,300 800 500
2,000,000 1,200 700 400
1,000,000 1,000 600 300
900,000 900 540 270
800,000 800 480 240
700,000 700 420 210
600,000 600 360 180
500,000 500 300 150
400,000 400 240 120
300,000 300 180 90
200,000 200 120 60
100,000 100 60 30
50,000 50 30
25,000 25 15
10,000 10  

*The cash column is defaulted to the same major currency used for the buy-in (AUD, EUR, GBP, USD), HKD events will be divided by 10.

The PokerGO Tour will calculate all cashes $1M or less using three percentages based on buy-in amounts – .0010 for $10K to $24K events, .0006 for $25K to $99K events and .0003 for $100K+ events. Cashes over $1M default percentages to the higher cash, if a player cashes for $1.5M in a $10K event, points are determined using the $2M percentage.

 

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AGCO Removes Cap on Seller Commission for Charitable Lottery Products

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The Alcohol and Gaming Commission of Ontario (AGCO) has updated several lottery policies to remove the cap on seller commission for Paper Raffles and Media Bingo, along with removing the prohibition on Catch the Ace paper lotteries, to align with other charitable lottery products.

Licensed charities may now negotiate commissions directly with sellers and determine commissions, provided they are reasonable and tied to the cost of service provided by the seller.

These updates further the AGCO’s commitment to adopt an outcomes-based regulatory approach and reduce burden for the charitable gaming sector. Local charitable organizations will have greater flexibility to make decisions that best serve their fundraising objectives.

Important Reminders

• Charities must still receive approval for other expenses incurred under their licence and retain receipts for seller commission paid.

• Licensing authorities will not require documentation to be submitted as part of the application process, however, charities are still subject to audit to determine compliance.

• Charities are reminded of their legal requirement to meet their obligations under the Criminal Code and with respect to conducting and managing a charitable gaming scheme.

• As with all licensed charitable lottery events, charities must take the necessary steps to ensure that they are conducting and managing the lottery event within Ontario.

For charitable gaming-related inquiries, email an AGCO Eligibility Officer at [email protected] or call AGCO Customer Service at 1-800-522-2876, Monday to Friday from 8:30 a.m. to 5 p.m.

The post AGCO Removes Cap on Seller Commission for Charitable Lottery Products appeared first on Gaming and Gambling Industry in the Americas.

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Alon Segev

Segev LLP Celebrates 10 Years of Business-Focused Legal Innovation

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Leading business, technology, finance, and gaming law firm, Segev LLP, is proud to announce its 10th anniversary. Over the past decade, Segev has evolved from a bold idea into a multi-jurisdictional firm serving clients across Canada, the U.S., and beyond.

Built for innovation-driven industries, the firm is widely recognized for its work with companies at the forefront of gaming, crypto, technology, and emerging sectors. “Our 10-year anniversary is a defining moment,” said Founding Partner, Ron Segev. “It’s a testament to the strength of our team and our culture of teamwork, self-improvement, and growthall of which is directed at scoring wins for our great clients.”

As industries like fintech, crypto, iGaming, and AI have matured, so has the firm, often in parallel with its clients. “We’ve all grown together with our clients from one success to the next, whether it be helping clients complete financings or helping them close business,” said Managing Partner Alon Segev. “I look forward to continued growth for us and our clients in the next 10 years!”

The firm’s client-first approach has consistently earned recognition from top legal ranking guides. Segev LLP is ranked by Chambers and Partners as a “Leading Firm” and “Band-1” in Canada for Gaming Law and are also recommended by The Legal 500 and Lexology. These rankings reflect the team’s ability to deliver strategic, high-quality legal solutions that align with their clients’ business goals.

Recognized for their unique ability to exceed expectations and deliver out-of-the-box solutions, Segev LLP’s clients have affirmed: “The firm demonstrates its capability not only to understand complex matters, but also to offer solutions that are practical, pragmatic, and value-adding.”

“Segev possesses outstanding resources and maintains global partnerships, enabling it to deliver precise and informed responses to any queries related to the iGaming industry.”

“Epic service, very good, I won the case!”

“Great service, friendly atmosphere, and support.”

Several Segev team members also reflected on the milestone: “There was a moment early in my time here when I realized I wasn’t just being brought in to help; I was expected to contribute, take initiative, and run with big ideas. That stuck with me,” said Negin Alavi.

“Together with our clients, [Segev] has experienced remarkable growth over the past decade. I’m honored to have contributed to this journey and to celebrate these shared successes,” said David McHugh.

Segev has cultivated a thriving law practice on the principle that challenges are to be embraced as opportunities. The approach has enabled us to grow as lawyers, but more importantly, it has enabled us to ensure the success of our clients,” said Mark Balestra.

“Since joining through Segev’s Ontario expansion, I’ve had the chance to work alongside some of the sharpest and most collaborative lawyers in the gaming space,” added Manav Bhargava. “As a full-service firm and industry leader, Segev stands out for its ability to support innovative businesses with practical, forward-thinking legal advice.”

Segev LLP will commemorate the anniversary with a series of internal and external initiatives throughout the remainder of the year.

The post Segev LLP Celebrates 10 Years of Business-Focused Legal Innovation appeared first on Gaming and Gambling Industry in the Americas.

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INCENTIVE GAMES SECURES ONTARIO GAMING LICENSE

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Incentive Games, a leading B2B games provider, is proud to announce that it has been awarded an Ontario Gaming License by the Alcohol and Gaming Commission of Ontario (AGCO), effective today. This achievement enables the company to offer its portfolio of real-money games to licensed operators and players across the province.

The license underscores the Incentive Games’ commitment to meeting the highest standards of compliance, security, and operational excellence. The rigorous application process demands robust security protocols and comprehensive responsible gaming measures and affirms the company’s readiness to enter one of Canada’s most dynamic iGaming markets.

The North American market is a strategic focus for Incentive Games, and this milestone follows closely on the heels of the company receiving its Provisional Michigan gaming licence from the Michigan Gaming Control Board earlier this month.

Incentive Games will distribute its real-money gaming content in Ontario through Incentive Studios, the company’s dedicated Real-Money Gaming division, ensuring a focused and tailored approach to the market.

“Ontario represents a huge opportunity for us, and securing this license is a proud moment for the whole team,” said John Gordon, Chief Executive Officer at Incentive Games. “It reinforces our dedication to meeting the highest standards while delivering compelling real-money content. We’re looking forward to building strong relationships in the region and continuing our momentum across regulated markets worldwide.”

The post INCENTIVE GAMES SECURES ONTARIO GAMING LICENSE appeared first on Gaming and Gambling Industry in the Americas.

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