Monthly Archives: January 2021

Back and Forth Session Full of Big Pots Leads to Small Loss for Negreanu

Daniel Negreanu lost some more money to Doug Polk on Friday afternoon during one of the most up and down sessions played to date. Day 28 was full of big pots, but neither player could pull very far ahead.

Daniel Negreanu is now down more than $600,000 to Doug Polk. (Image: YouTube)

Polk came into the day fresh off a commanding $119,000 win two days earlier. That winning session was his first out of the past six. On Day 27, he not only won big, but also killed his opponent’s momentum and made it difficult for Negreanu to eventually mount a comeback.

As the total hands played continues to rack up, Negreanu’s chances of winning become slimmer. He did nothing on Friday to improve his odds of pulling off a miraculous comeback and an improbable upset. But he also didn’t lose much — less than a full buy-in.

New Jersey online gambling ops scolded for incentivizing reverse withdrawals

New Jersey online gambling operators have been warned not to slow-roll customer withdrawal requests in the hope that customers will keep gambling.

On Wednesday, the New Jersey Division of Gaming Enforcement (DGE) issued an advisory bulletin regarding some unidentified online gambling licensees “soliciting or incentivizing withdrawal requests to be rescinded or cancelled by the patron.”

The DGE said it had received complaints from customers regarding operators who were taking up to two weeks to process a withdrawal. Some of these customers reported receiving communications from operators “encouraging or enticing [customers] to reverse the withdrawal request and wager the funds.” Some customers were even “offered bonus money to reverse a pending withdrawal request.”

The DGE notes that its existing rules don’t specify a hard time-frame in which operators are required to process withdrawals, and the regulator acknowledged that some delays may be justified in order to prevent fraud or money laundering. But the DGE says withdrawals must be processed “without any delay longer than needed to perform an anti-fraud or anti-money laundering check.”