Full Tilt Poker will attempt to stamp its name on the Guinness Records and to do so; the site has announced that it will try to set a new record for the Largest Online Poker Tournament. Full Tilt’s Record Breaker tournament was unveiled as the finale to FIVE, a week of events and promotions created exclusively to celebrate the site’s 5th anniversary. The tournament will take place on July 19th at 15:05ET, players can buy in for this event for only $5 or 1000 Full Tilt Points and compete for a share of a $250,000 guaranteed with $250,000 added prize pool. Players can also get entries to this event by playing the online satellites available on the site and starting for as little as 30 cents or 50 Full Tilt Points.
Team Full Tilt pros and WSOP bracelet winners Howard Lederer, Chris Ferguson and Phil Ivey have already confirmed they will take part in the event, offering players the chance to sit down at this historic tournament and play with some of the best high stakes and tournament pros in the world.
“By extending the limits of what is possible in online poker tournaments, Full Tilt Poker will allow players to compete for a big payout without the big buy-in,” said Team Full Tilt member Howard Lederer.
Putting together a poker tournament of this magnitude would be nearly impossible for any brick and mortar casino or poker room. The current record for the largest “live” poker tournament was set at the 2006 WSOP Main Event with 8,772 players. To break the current Guinness Record set by PokeStars.com in December, 2008, Full Tilt Poker will need to attract over 35.000 players. If successful, this tournament will establish Full Tilt Poker as World Record holder and cement its reputation as a world leader in online poker industry.
The legalization of Online Gaming
By legalizing sports betting on the Internet, the United States government would be able to take advantage of it as a tremendous revenue stream, which is only likely to grow larger with the participation of, and promotional efforts by the United States government along with whatever assorted manufacturers and marketing groups that are likely to become involved in the process. With the sports betting concept, the law would have to be tailored specifically for this particular game of skill, as it has recently been labeled by most members of the government who are enthusiastic about utilizing this wagering phenomenon to generate revenue.
While changing the law is no easy task, it does seem likely that it might actually happen in this case due to the extreme amount of benefits that exist in the sports betting phenomenon and the revenue that could theoretically be generated for the benefit of the United States government. In the long term, it will hinge upon the acceptance of United States citizens more so than that of the United States government whether or not the sports betting websites will be successful. With less new homes being sold and less revenue being generated, the United States government is naturally inclined to entertain more possibilities for generating growth and maximizing revenue than they might otherwise be. With more and more politicians interested in hearing alternative ideas for revenue growth, it becomes clear that now is the time for sportsbetting enthusiasts to make their case and try to generate some interest in the national government for the legalization of sports betting and the utilization of the venerable institution as a method of revenue generation.
Some of the leading experts in the business and government field initially have commented on the presence of online sportsbetting on the Internet as a possible stream of revenue for government lawmakers and legislators. With the popularity of the sports betting websites, there is obviously no end of revenue being generated in these types of online gaming and gambling websites in general. By harnessing their earning power, the United States government could maximize a new revenue stream to make up for the downturn in the economy that has been experienced from the slow new construction real estate market. This is what has largely been seen by industry experts as the United States government’s top level folly, eliminating the ability to generate revenue through the extraordinarily popular sportsbetting websites that are so lucrative and have so much to offer in the form of cash revenue and liquid capital in general.