Online Poker News November 8th, 2008

Harrah’s slashes costs amid slowdown

Harrah’s Entertainment is continuing to cut jobs and capital expenditures as well as costs in corporate, marketing and purchasing to combat a decline in customer spending, company executives said Friday.

The world’s largest casino company by revenue on Friday posted a third-quarter loss due to the gaming slowdown on the Strip, decreased visitor numbers across the company’s 50 casinos and the closure of properties in the Gulf Coast because of hurricanes.

“To the degree revenues continue to decline, costs will have to continue to come down,” company Chairman and Chief Executive Officer Gary Loveman said during a conference call to review the company’s earnings. “To the degree we see further erosion of revenue, we’ll continue to aggressively respond with cost reduction.”

Read More?

UltimateBet’s Online Poker Tables Get Dangerously Hot with Launch of Femme Fatale Fridays

UltimateBet is rewarding players for knocking out a Hollywood knockout. The online poker site today announced the launch of Femme Fatale Fridays to its lineup of tournaments, a new promotion that rewards players who take down Hollywood-actress-turned-poker-player Tiffany Michelle at the Texas Hold’em tables.

Tiffany Michelle, a recent addition to UltimateBet’s Star Players team, has quickly become one of poker’s most recognizable female pros. The seductive poker player has appeared in a variety of popular Hollywood films as well as episodes of popular American television series including ER and Nip/Tuck and was the last female left standing in the Main Event of the 2008 World Series. Her 17th place finish earned her an impressive $334,534 plus the respect of the international poker community.

During Femme Fatale Fridays, Tiffany Michelle will be playing in two Texas Hold’em poker tournaments simultaneously. The player who knocks Tiffany Michelle out of Friday’s $20,000 Guaranteed Deep Stack tournament will win a seat in Sunday’s $200,000 Guaranteed Texas Hold’em tourney. The player who takes her out of the $6,000 Guaranteed Deep Stack poker tournament will secure a spot in Wednesday’s $15,000 Guaranteed event. Both tournaments kick off at 8pm ET.

If the same player successfully knocks Tiffany Michelle out of both tournaments, he or she will win a Nintendo Wii console.

Femme Fatale Friday gets underway every Friday night at 8pm ET.

GamblingPays is Pot Limit Champ as he Wins $19,470 in Ladbrokes Online Poker Festival

- Last night, Ladbrokes Poker paid out over $70,000 in prize money in their 12 th Festival event the LEOCOP Pot Limit Championship. One hundred and sixty one players competed for a first prize place of $19,470 which was won after over seven hours of play by ‘GamblingPays’ from Essex, UK. ‘Jvsky123′ from Espoo, Finland came second winning $12,655.50.

Satellites for the last four of the 16 money added online festival events which include Second Chance Plus 2, Short Handed Championship, Heads-Up Championship and the Main Event are still running on Ladbrokespoker.com, which means that players can still qualify for all including the festival finale, the Main Event for as little as $1. With a massive $250,000 added to the $1000 + $100 NL HE tournament it really is worth a try!

Read More?