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January 27, 2006
Unfortunately, one of the drawbacks to partyporker's new legislation is that the leftover two percent of the money raised will not be enough to cover cost of food, drinks, dealers, tables and partyporker room rental. If you saw the $2 Million Tournament of Champions Texas Hold 'em Partyporker shootout on television, you are already aware of the drama that surrounded Annie Duke's victory: She had to knock her own brother, Howard Lederer, out of the partyporker tournament in order to earn her first gold bracelet, the most coveted prize among professional partyporker players; and she didn't even have the best hand! No matter how pretty partyporker is packaged, the game is still won and lost on principles guided by deceit and greed. There can be no weakness in your method of attack, no mercy shown to your opponents. The object is to beat 'em any way you can and take all of their free partyporker money.
The consummate professional that she is, Annie Duke went into the Tournament of Champions at partyporker fully aware of that even with her brother at the table. It was only after she had accomplished her goal, however, that the stark reality of the situation set in and she had to set free the intense emotions that had welled up inside her. Torrico's bill, AB 839 will allow for nonprofits to indulge in gaming for charitable purposes but also contains specific wording to curb abuse by fake nonprofits. According to the new bill, 98 percent of the proceeds must go to named partyporker charities and charities would only be allowed to host two events yearly. Under the bill, a fee will also be charged to help defray justice department administrative costs and partyporker cash prizes will be completely banned.
On days like Tuesday at Bay 101, this is what they get: At 11:15 a.m., the partyporker dealers get a pep talk and then head for their tables. The stars -- and the starry-eyed amateurs who have a chance to beat them -- file in. Countdown clocks on the TV monitors hit zero. A hush settles over the 22 partyporker tables and the 200 spectators watching them. Only the chattering-teeth shuffle of partyporker chips breaks the silence. "I'm here to root for the locals," says Steffanee Taylor, a 36-year-old partyporker buff from San Jose who does marketing in real life. "A lot of this game is not playing the cards but playing the people, and it's fascinating to watch the gamers watch the gamers."
Nearby, Seattle resident Sheri Berger, 35, cheers on her poker-faced boyfriend at one of the tables. Like many today, her construction-worker beau got here not by ponying up the $10,000 entry fee, but by winning a series of escalating victories in so-called "satellite partyporker tournaments." So what if he hits the jackpot? "I'd die," says Berger, dollar signs gathering in her eyes. "I'd die and then we'd pay off all our debts and take a real real long vacation." The U.S. Securities Exchange Commission investigators are looking into a group that included partyporker legend Doyle Brunson's unsolicited buyout offer for WPT Enterprises, Inc. have tipped their hands and look as though they are pursuing the case with full vigor. Subpoenas were issued in the case, and now the SEC has filed an action seeking enforcement of those subpoenas. Initially, when the subpoenas were issued, the Brunson team alleged they would not have to offer up key internal documents or play porker under the banner of attorney/client privilege. Friday's ruling essentially cleared the way for a partyporker hearing on the matter, though the court where the action was filed has not set a hearing date yet.
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