Speedyfold Poker Blog

The long road to online poker taxation seems to have started in the USA. Which at face value doesnt sound like a good thing at all, but is actually pretty positive news. For several years now online poker in the USA has had a status that is for all intents and purposes illegal. So when the USA figures out the best way to tax online poker (which there has been initial steps towards) it can officially approve and regulate it. This would mean re-opening the US to fully legal online poker. Now there’s the good news.

It may take time, but the momentum seems sufficient to get there eventually. This is particular good for the likes of Party Poker, the former giant of the online poker world and still a formidable presense. They of all the sites probably have the most to gain as they have a player database of over 10 million American players, who were former players at their site before US regulation.

So it is going to be an interesting year or so ahead, especially with Party Poker waiting in the wings ready to shake up the current status quo.

Day 1 of the WSOP has just concluded and whilst glancing through the names of the chip leaders I noticed the name Dwyen Ringbauer. Not a name I have heard of and it looked a bit unusual. In fact I thought it looked a bit like an anagram. Low-and-beyond it is indeed an anagram of Breadwinner Guy. How very apt. Lets hope he continues to do well and live up to his name.

Peter Eastgate has announced his retirement from poker. The 2008 World Series of Poker Main Event champion has decided it is time to call it a day and move on to new things.

Eastgate’s short but successful career comprised of many high WSOP and EPT cashes including the following notable scores:

Mar 2010 - $20K NBC National Heads-Up Championship - 5th $ 75,000

Feb 2010 - Deep Stack Extravaganza, Las Vegas - 7th $ 85,000

Feb 2010 - DKK 35,000 Main Event EPT Copenhagen - 22nd DKK 80,000

Jan 2010 - €5K Main Event EPT Deauville - 8th € 70,000

Oct 2009 - £5K Main Event EPT London - 2nd £ 530,000

Jul 2009 - $10K WSOP Main Event - 78th $ 68,979

Jan 2009 - $4,800 PokerStars Caribbean Adventure 1st $ 343,000

Jul 2008 - $10K WSOP, Las Vegas - 1st $ 9,152,416

Eastgate, from Denmark, but living in London is speculated to return to his homeland following his retirement.

In a statement about his retirement Eastgate said:

“When I started playing poker for a living, it was never my goal to spend the rest of my life as a professional poker player. My goal was to become financially independent. I achieved that by winning the WSOP main event in 2008. The period following has taken me on a worldwide tour, where I have seen some amazing places and met many new people; it has been a great experience.”

“In the 20 months following my WSOP win, I feel that I have lost my motivation for playing high-level poker along the way. I have decided that now is the time to find out what I want to do with the rest of my life. What this will be, I do not yet know. I have decided to take a break from live tournament poker, and try to focus on Peter Eastgate, the person.”