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...Despite baccarat's dominance, a 2006 ban on Internet gambling in the U.S. is prompting poker promoters to take their card game across the Pacific in hopes of setting down roots in Asia's Las Vegas. Since the Macau government approved Texas Hold'em cash games and tournaments in January 2008, three casinos have opened designated poker rooms. In its first year in Macau, Texas Hold'em brought in less than $7 million, but that number is set to rise: in the first quarter of 2009 alone, the game took in more than $4 million. "Poker has exploded in Macau...

Author: /time Magazine | Title: Does Poker Stand a Chance in Asia? | 7/10/2009 | See Source »

...From July 9 through July 12, the Macau Poker Cup, a bimonthly tournament sponsored by PokerStars Macau, will see more than 100 players competing for a minimum of $129,000 in the main event. The event pales in comparison with the annual World Series of Poker (WSOP) in Las Vegas, which draws in 7,000 players for a grand prize of $8.5 million at its main event, but the Macau tournament's organizers have high hopes for the game's potential in Asia. "The gold standard is the World Series of Poker," says Fred Leung, marketing manager for poker company...

Author: /time Magazine | Title: Does Poker Stand a Chance in Asia? | 7/10/2009 | See Source »

...Still, there are challenges to cultivating a poker following in this part of the world. The WSOP is taking place right now, but most Asians won't have a chance to watch it. Unlike in the U.S., where the WSOP and celebrity poker tournaments have developed a sports following enabled by ESPN and Bravo coverage, poker is frowned upon - along with other forms of gambling - in some parts of Asia, and many markets ban televised tournaments and any mention of gambling in traditional advertising. In 2007, mainland Chinese censors banned a television commercial for the Altira Macau hotel and casino...

Author: /time Magazine | Title: Does Poker Stand a Chance in Asia? | 7/10/2009 | See Source »

...Sunday's melodrama followed a dangerous week of high-stakes poker between the Stetson-wearing leftist Zelaya and his silver-haired nemesis, Roberto Micheletti, Honduras' de facto President. Claiming that Zelaya had resigned, Micheletti was sworn into office hours after the elected President was flown to Costa Rica in his pajamas. Denying that he had stepped down, Zelaya said he would return to take power - to which Micheletti promised he would be arrested for treason. The ousted President said he would return home anyway, along with several other Latin American Presidents who have condemned the coup. Micheletti retorted that their...

Author: /time Magazine | Title: Police Open Fire on Protesters in Honduras | 7/6/2009 | See Source »

...loan repayments to make and rent to pay, she's going to struggle to get by on her savings and unemployment benefits. "I'm looking for work, but it's difficult because of the crisis," she says, looking around at the empty tables. "I know all about roulette, poker and blackjack. But other jobs require different work experience." (See pictures of Russia celebrating Victory...

Author: /time Magazine | Title: All Bets Are Off: Russia and Ukraine Ban Gambling | 7/2/2009 | See Source »

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