poker

  • Still fine in Vegas obvs.

    News

    Poker Is Gambling Again, FYI

    A while back a federal judge in New York decided that poker wasn’t illegal gambling under federal law, and we discussed it here, and so I feel a certain sense of responsibility to all of the Dealbreaker readers who quit their jobs to start poker rooms. So I should tell you that that decision was […]

    / Aug 6, 2013 at 11:40 AM
  • News

    Hedge Fund Manager Loses 85% On Actual Bet

    Some hedge fund managers—Marc Lasry, for instance—are known to be aficionados of poker. Some—David Einhorn comes to mind—are known to be quite good at it. Talal Shakerchi, unbowed though he might be, may no longer qualify for the latter accolade, having blown nearly an entire lifetime’s winnings in one night.

    / May 15, 2013 at 3:40 PM
  • News

    Former Equity Derivatives Trader Is Washing The Stench Of Wall Street Off His Soul On The Poker Circuit

    Disruption on Wall Street, resulting in image problems for the industry, smaller bonuses and less lavish perks, are spurring other midcareer bankers to similarly reassess their careers. After a lifetime of targeted choices—attending top-tier schools and pursuing competitive internships in hopes of winning high-paying finance jobs—some bankers are bailing out with no Plan B. Their […]

    / Oct 26, 2012 at 2:38 PM
  • Omitting 20 useless labels of the form "Winning player 1," "Winning player 2," ... "Losing player 10"

    News

    Poker Is Not Gambling, Jury Still Out On Investing

    Because this is Dealbreaker: A Place For Finance And Sometimes Poker™, I figured some of you would be interested to know: poker is now legal! Sort of. Basically a fellow named Lawrence Dicristina was running a poker room in Staten Island. He was arrested by the Feds and charged under the federal Illegal Gambling Business […]

    / Aug 21, 2012 at 2:25 PM
  • News

    On The Bright Side, Some People Got $130mm Worth Of Free Poker

    If you were worried that Social Security is a Ponzi scheme and planned to fund your retirement with poker winnings, today turned out to be a bad day for you. While we here at Dealbreaker generally endorse keeping all of your money in poker, keeping all of your money in Full Tilt Poker was not […]

    / Sep 20, 2011 at 6:34 PM
  • News

    Flopping The Nuts: David Einhorn Moves On To Day 2 Of WSOP

    Someone must be wearing his lucky sweatshirt.

    / Jul 11, 2011 at 4:45 PM
  • Hedge Funds, News

    Hedge Fund Manager Didn’t Know You’re Not Supposed To Gamble And Lose Investor Money To Tobey Maguire, Paris Hilton’s Sex Tape Partner, Et Al

    You’re a hedge fund manager running a Ponzi scheme in Los Angeles. You’re pretty into poker and attend bi-weekly games with various actors who, as it unfortunately turns out, aren’t half bad at cards. The buy-in’s $100,000 but you don’t have the cash. What do you do? If you’re Brad Ruderman you use some client […]

    / Jun 22, 2011 at 2:03 PM
  • News

    Great News For Morgan Stanley Shareholders

    James Gorman’s poker performance indicates he’s unlikely to run the firm into the ground.

    / Mar 30, 2011 at 10:15 AM
  • News

    Heads Up Play With David Einhorn

    If you’re going to commit financial fraud, you probably don’t want to find yourself sitting at a table across from David Einhorn, who will know what you’re up to and share it with the world. Similarly, if you’ve never played poker and have only ever had a 15 minute tutorial on the game, you probably […]

    / Dec 21, 2010 at 3:07 PM
  • News

    Former Jets Wide Receiver-cum-Morgan Stanely Financial Adviser Wayne Chrebet Survives Securities Licensing Exams, Wife To Tell Tale

    After his 2005 career-ending concussion, Wayne Chrebet knew he needed some diversion to stay busy. He invested in racehorses, opened a restaurant in Hempstead, NY called “Bar Social,” and picked up boxing. Still, though, he felt like something was missing. Wayne needed some occupational passion in his life, and he also needed to avoid his […]

    / Nov 29, 2010 at 11:37 AM
  • News

    Poker Celeb Seeks Career Advice

    “Greetings Dealbreaker, I am a senior in college in need of some advice. I’m hoping your readership can help me out.”

    / Sep 8, 2010 at 1:45 PM
  • News

    Ackman/Tilson’s Poker Game For The Kids: Results

    Last night was Bill Ackman and Whitney Tilson’s big poker tournament to benefit their charity, REACH, which gives inner-city high school students academic support and scholarships for passing AP exams. Some of the kids were there to tell their stories, which was adorable, and the event raised money for a great cause, which is nice. […]

    / Aug 12, 2010 at 3:30 PM
  • News

    If You Want To Play David Einhorn In Poker Tomorrow, You’d Best Get On That ASAP

    Just an FYI: there are only ten seats left for tomorrow night’s tournament (benefiting Bill Ackman and Whitney Tilson’s Rewarding Achievement (REACH) program, which gives inner-city high school students academic support and scholarships for passing AP exams).

    / Aug 10, 2010 at 3:07 PM
  • News

    Broker Caught Stealing From Clients Sentenced To Six Months Of Poker

    Are you a money manager currently ripping off your clients or considering doing so in the near future? Are you of the opinion that, if caught, you wouldn’t do so well in the big house? Then here’s a free one: convince the judge you have a gambling addiction and he just might let you a) […]

    / Aug 10, 2010 at 11:40 AM
  • News

    Play David Einhorn In Poker And Then Make Him Take You To Lunch

    Do you have plans on August 11? Do you fancy yourself a poker player? A really good poker player? Do you think you could beat David Einhorn, even if he’s wearing his lucky sweatshirt? Do you think it would not be so awkward that the two of you could then enjoy a meal together and […]

    / Aug 3, 2010 at 12:30 PM
  • News

    How To Score Points With Your Employees

    BTW, for anyone looking for the actual reason why Susquehanna International Group is allegedly the best firm to work at, the answer may involve the fact that they pretty much just let everyone play poker all day (“poker pervades the culture of SIG”). Something to think about. Related: If You Don’t Like Playing Poker, Consider […]

    / Jul 30, 2010 at 2:50 PM
  • News

    Anonymous Former Goldman Employee Will Pay For His Sins

    Here’s one: in an online survey of current and former employees, Goldman Sachs beat out a whole slew of financial services firms to be named– wait for it– the second best place to work. Now, I know a lot of other banks and institutions would be sending out congratulatory emails about how great an achievement […]

    / Jul 30, 2010 at 2:31 PM
  • News

    Merrill Lynch Banker And Colleagues May Serve Time For Playing Texas Hold ‘Em In Hong Kong

    Apparently that is wrong in HK, and they should not have done that. What they should have done was either a) take the ferry to Macau, “the Vegas of Asia,” or b) done some horse betting, which is cool with the authorities.

    / Jul 28, 2010 at 11:15 AM
  • News

    Steve Cohen (His Wife, General Counsel, And President) Have Some Things To Say

    For the July issue of Vanity Fair, Bryan Burrough has the second only on the record interview with Steve Cohen. Burroughs previously hinted that he was able to seal the deal with Steve due to the fact that it would offer Cohen’s wife, Alex, a highly coveted opportunity to be shot by Annie Liebowitz. And […]

    / Jun 2, 2010 at 3:09 PM
  • News

    If You Don’t Like Playing Poker, Consider Re-Thinking This Career On Wall Street Thing

    “If someone’s been successful at poker then there’s a good chance they could be successful in this business,” said Danon Robinson, a partner at Toro Trading, which has on at least one occasion, asked a prospective employee to play a few rounds during an interview. “If you have no interest, that’s almost a red flag…. […]

    / May 17, 2010 at 4:00 PM
  • News

    Caption Contest Monday

    [Photo taken by Roy Welland, a former Bear client and “a long-time Cayne nemesis.” Welland was the one who called the cops on Cayne for hot-boxing a DoubleTree men’s room at a bridge tournament in Memphis.] Jimmy Cayne Spotting: The Ex-Bear CEO At a Reno Poker Table [WSJ]

    / May 3, 2010 at 5:04 PM
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    Stockings And Bonds Poker Tournament Giveaway

    So! Caesars is putting on a poker tournament* Saturday, March 13 and they want you to be there! Most people need to sign up and pay their own way but one Dealbreaker reader will get his or her buy-in/room/after party access paid for, provided you answer simple question: Who is responsible for Dealbreaker/Breaking Media’s recent […]

    / Mar 3, 2010 at 12:30 PM
  • News

    Barney Frank Has Bigger Fish To Fry

    News got pretty heavy recently and Barney’s had enough. Fuck the TARP, TALF and the “new Obama bank plan.” (any acronym suggestions, by the way?) There are much more pressing issues in the world that BF has to deal with, like poker. It will save the economy.

    / Jan 22, 2010 at 2:50 PM
  • News

    Carl Icahn: The Problem With Corporate America Is That It’s Full Of Fraternity Presidents

    Watch it on Academic Earth [via BI] Nice guys, but not too bright, according to Carl, who was addressing a bunch of Yale students via Webcam. He also talks about how he “made a few bucks playin’ pokah,” Princeton being a better school than Yale (but Yale still being “pretty good”), and the model and […]

    / Dec 2, 2009 at 1:08 PM

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