The founder of an alleged Ponzi scheme that targeted Australian poker players has been ordered by the Supreme Court of Queensland to pay 11 plaintiffs a combined AU$4.8 million (US$3.2 million).
The default judgement against Marley Wynter, whose sports betting syndicate Marley’s House of Sport (MHS) claimed to have made almost AU$30 million (US$19.8 million) in profits in the space of a year, includes reparations for amounts invested, promised profits and interest. Local media outlet PokerMedia Australia reports that Wynter did not contest the claim.
Allegations that MHS and an affiliated company called Marley’s House of Investment (MHI) may be a Ponzi scheme were first aired by Queensland-based poker player and industry advocate Craig Abernethy in early 2022 and led to the creation of a facebook page that garnered more than 350 members.
MHS marketed itself as a financial investment service specializing in sports betting, horse racing and “strategic” bankroll management, claiming to have had more than 12,000 investors at its peak and to have multiplied investor money by up to nine times.
It is alleged that Wynter, himself a known poker identity who won AU$430,919 (US$284,670) in a $20K Super High Roller event at the inaugural WPT Australia series in September 2022, primarily targeted investors from within the poker community by sponsoring local poker organizations such as the Australian Poker Tour (APT), where it ran a fantasy sports competition, and holding seminars during major events in which he would sell MHS and its returns to potential clients.
At least AU$3 million (US$2.0 million) was believed to have been invested with MHS since early 2022 before MHS was shut down on 26 January 2023, although PMA previously reported that Wynter had continued trying to recruit investors after that date.
Victims of the scheme alleged that requests to withdraw funds were met with resistance, that they received images of bank statements claiming payment had been made only for those funds to never materialize, or in some cases that they were paid out only after threatening to go to authorities. It was also claimed that Wynter actively discouraged withdrawals by regularly altering the company’s Terms and Conditions.
Abernethy said he is not confident that any money can be recovered but hopes this week’s judgement can at least prevent Wynter from operating such scams again in future.
“My main goal with all of this initially was to expose a scammer so that he couldn’t take advantage of any more victims,” he said.
“The fact that this has gone to court and a ruling has been made, I’m pretty happy with that result.
“What Marley did was a disgrace and he’s ruined a lot of peoples’ lives. I’ve had a lot of people contact me even today because this money is significant to them. Although I don’t think there is any chance of getting it back, I hope there is at least some closure for the victims so they can move on with their lives knowing this guy won’t scam anyone else ever again.”
I loved
I liked
I dont liked
Although most parents would love for their children to learn a game like chess, poker is not often associated with being kid-friendly. Tony G, full name Antanas Guoga, has never been shy about speaking his mind out loud, and many will disagree with him on this, but think about it. Ultimately, many good life lessons can come from playing chess or poker.
Garry Kasparov, one of the greatest chess players of all time, wrote a book called "How Life Imitates Chess." The book is full of examples of how learning chess can improve general life skills, especially in children. But these ideas could also be applied in an exemplary way to poker. The most obvious example is learning to take responsibility for your own actions: you and only you in poker/chess are responsible for any decision you make.
Taking responsibility for your decisions, performing under pressure or learning from your mistakes
Although unlike chess, there is an aspect of luck in poker, we all know that once a large enough sample is played, it becomes a minimal factor. Tony G says in this regard that it is important that poker be seen as a game of skill and not as a game of chance. For this reason, there should be no objection to children learning the game and playing it instead of wasting time with various video games and social media on their phones.
Another key life skill is the ability to make difficult decisions when we are under pressure and have limited information. This leads to adaptability and flexibility, which again are excellent life skills best learned at a young age.
Poker is great for teaching us how to learn from our mistakes. The number of decisions made during a session makes it clear that there are very few activities that can match poker in this regard. This point alone should be enough to encourage hesitant players who are feeling terrible to continue playing. Every mistake is a learning opportunity and, believe us, mistakes will always happen, no matter how good a player you become. This brings us to resilience, a common trait of almost all successful people that can be learned in poker. It is not a mistake to teach a child how to be more resilient, especially in this high-stress modern world we live in.
A series of developments over the last ten months strongly suggests that West Virginia could soon be welcoming multiple real money online poker operators.
It’s been a long time coming. Lawmakers passed a bill allowing real money online poker back in March 2019, but to date no online poker operators have deployed there. That’s expected to change following recent changes both within and outside the Mountain State.
West Virginia online poker will never be huge on its own — with a population of just under 1.8 million, the state ranks 39th in terms of population. But the state is also uniquely positioned to become the next frontier for the expansion of US online poker.
Up until that date, West Virginia was a segregated market. That likely explains why no operators have launched in the state so far — with only 1.8 million residents, the market is also tiny compared to more populous states with legal real money online poker, like Michigan (10 million residents) and New Jersey (9.3 million).
The other MSIGA states are Delaware and Nevada, with populations of 1 million and 3.2 million, respectively.
The winner of the 2024 European Croupier Championship 4, the European Casino Association (ECA) announced the winner of the 2024 European Croupier Championship: Christoph Boo from Casino Zurich, Switzerland
In a press release, the ECA reported that Christoph Boo from Casino Zurich, Switzerland demonstrated his ability in all disciplines, and beat Daniel Rhodes (Hippodrome London) and Zoltan Horvath (Casino Györ), second and third place respectively, to win an exciting final and be rightfully named as the winner of the European Croupier Championship 2024
The 14th edition of the ECA European Dealer Championship took place on the biggest stage and grandest theater in European gaming, the fabulous Casino de Monte-Carlo in Monaco. Société des Bains de Mer, welcomed a record number of participants, jury members and a crowd of hundreds of spectators who witnessed Europe's best dealers in action.
World Poker Tour announced overnight that WPT Macau, previously scheduled to take place at Cotai’s Wynn Palace from 18 to 24 June, would not go ahead.
This cancellation adds to a series of obstacles facing major tournament series in Vietnam. In December, the Asian Poker Tour (APT) had to discontinue the APT Hanoi Billions amid accusations of violating local gambling laws. Similarly, an Asian Poker Festival series planned for April in association with the Royal Poker Club in Hanoi was canceled under similar circumstances.
In a statement, the WPT said that, along with its partners Wynn Macau Ltd and Allied Gaming and Entertainment, they “regret any inconvenience or disappointment for players from around the world who were planning to travel to Macau and play in the event.”
It added, “WPT remains committed to working with Wynn Macau and AGAE in the future to bring world class poker tournaments back to the region.” It remains unclear why WPT Macau has been cancelled less than a month out. It is not believed the cancellation of WPT Macau is in any way related to happenings in Vietnam.
(571) 7568829 - 3606414 - 3606415 FAX (57 1) 3605027
Bogotá / Medellín / Cali / Pereira / Barranquilla
