Weekly Roundup May 29 2015

Weekly Roundup May 29 2015

WSOP.com Reload Bonus

WSOP.com is offering a 100% up to $1,000 reload bonus to players in Nevada and New Jersey. The bonus releases at a rate of $10 for every $10 in rake and tournament fees paid. This equals 20% rakeback. The offer is available between now and July 14. Players have 60 days to clear the bonus.

The reload bonus is in anticipation of massive player counts expected at WSOP.com Nevada. Players will be able to enter satellites to World Series of Poker events at the regulated online poker site. There will also be an online bracelet event on July 2. The entry fee is $1,000. Cash game counts at WSOP.com will at least double this summer due to the large number of poker players in Nevada during the series.

The World Series of Poker launched on May 27 at Rio. It is already a success. The Colossus drew 5,300 players for its first flight and may crack 20,000 total players. It looks to be the largest live poker tournament in history.

WPT Poker Closing

WPT Poker will close its doors on June 3. WPT Poker is a skin of the Party Poker Network. Players are required to cashout. The funds cannot be transferred to Party Poker. Players must pay the 3% withdrawal fee on all funds held in account, which may be the reason the site will not transfer the funds to Party Poker.

In related news, WPT Poker’s parent company bwin.party has put itself up for sale. The offer drew interest from Amaya Gaming and 888.

California Online Poker Bill Leaves Appropriations Committee

The California Assembly Appropriations Committee passed AB431 this week. The online poker bill is still largely blank. As Online Poker Report points out, there are tribal gaming interests that are opposed to the advancement of the bill without addressing some important issues. These include a bad actor clause that would keep PokerStars out of the market as well as omitting racetracks from the market.