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| National Heads-Up Poker Championship | |
|---|---|
| Created by | NBC Sports |
| Narrated by | Ali Nejad and Matt Vasgersian |
| Country of origin | United States |
| Production | |
| Production location(s) | Golden Nugget Las Vegas (2005), Caesars Palace (2006 - 2013) |
| Running time | 60 minutes (including commercials) |
| Release | |
| Original network | NBC |
| Original release | 2005 – 2013 (no 2012 event) |
| External links | |
| Website | |
The National Heads-Up Poker Championship was an annual poker tournament held in the United States and produced by the NBC television network.[1] It is a $25,000 'buy-in' invitation-only tournament[2] organized as a series of one-on-one games of no limitTexas hold 'em matches. The participants include many of the world's most successful poker players, as well as celebrities.
The championship was the first poker event to be televised on and produced by a major U.S. television network.[1]
In October 2011, NBC announced that the National Heads-Up Poker Championship would not return in 2012, ending the championship's seven-year run.[3] After a one-year hiatus, the tournament returned for a final time in 2013.[4]The $25,000 buy-in event ran from Jan. 24 through 26 at Caesars Palace, the same venue where the event was held from 2006 through 2011.
In February 2014, NBC announced the National Heads-Up Poker Championship would not return in 2014.
The Heads-Up Championship had been sponsored by online poker companies before Black Friday. The World Series of Poker (WSOP.com) is the new presenting sponsor.[5]
Structure[edit]
The single-elimination tournament is modeled after college basketball tournaments. Players who win a match advance to the next round; the player who wins six matches is crowned champion.
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The first round is seeded randomly the night before the tournament begins. Players are divided into four brackets – Clubs, Diamonds, Hearts, and Spades. A participant advances by winning a heads-up match against his or her randomly drawn opponent. The structure of the brackets then determines every match thereafter. The semifinals consist of one player from each bracket, with the winner of the Spades bracket playing the winner of the Clubs bracket, and the winner of the Hearts bracket matched up against the winner of the Diamonds bracket. A best-of-three final match then determines which of the two finalists is crowned champion.
Brief history[edit]
The National Heads-Up Poker Championship is an invitation-only event. In contrast, the World Heads-Up Poker Championship is an open event with a maximum participation of 128 players.
The 2005 event took place at the Golden Nugget Las Vegas between March 4 and March 6. It aired weekly on NBC from May 1 to May 22 with commentary from Gabe Kaplan and Matt Vasgersian.
The 2006 edition took place from March 4 to 6 at Caesars Palace in Las Vegas. NBC began its coverage by broadcasting one part of the opening round on April 16. The semi-final and championship matches aired May 21. Kaplan and Vasgersian returned as commentators.
The 2007 edition was broadcast from April 8 to May 20. Ali Nejad took Gabe Kaplan's spot as commentator due to Kaplan competing in the tournament.
Results[edit]
| Year | Winner | Runner-up | Best-of-three final score |
|---|---|---|---|
| 2005 | Phil Hellmuth | Chris Ferguson | 2–1 |
| 2006 | Ted Forrest | Chris Ferguson | 2–1 |
| 2007 | Paul Wasicka | Chad Brown | 2–0 |
| 2008 | Chris Ferguson | Andy Bloch | 2–1 |
| 2009 | Huck Seed | Vanessa Rousso | 2–0 |
| 2010 | Annie Duke | Erik Seidel | 2–1 |
| 2011 | Erik Seidel | Chris Moneymaker | 2–0 |
| 2012 | no tournament | ||
| 2013 | Mike Matusow | Phil Hellmuth | 2–1 |
See also[edit]
References[edit]
- ^ abNBC Spot in the Cards for Poker Tourney February 2005 article from the Las Vegas Sun
- ^NBC National Heads-Up Poker Championship Inks Four-year Deal with Caesars, a May 2008 article from pokernews.com
- ^'NBC Cancels National Heads-Up Poker Championship'. PokerNews. Retrieved 13 October 2011.
- ^'NBC Brings Back National Heads-Up Poker Championship'. PokerNews. Retrieved 14 January 2013.
- ^'National Heads-Up Poker Championship returns to Caesars Palace'. Retrieved 14 January 2013.
It’s official. Caesars Entertainment just confirmed that Harrah’s Reno will be sold to an affiliate of CAI Investments for $50 million, closing the chapter on one of downtown Reno’s iconic hotel-casinos.
Caesars, which has been leasing Harrah’s Reno from VICI Properties, made the announcement on Wednesday afternoon after news of the sale leaked the day before. The proceeds of the sale will be split 75-25 between VICI Properties and Caesars Entertainment, reports the Reno Gazette Journal, which is part of the USA TODAY Network.
The sale includes an agreement for Caesars to lease the property from the new owner for the first half of the year. During this time, Harrah's Reno will continue to be part of the Caesars Rewards network. The property will then be handed over to new ownership later this year and turned into a mixed-use, non-gaming property. The sale is subject to regulatory approval.
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“The sale of Harrah’s Reno demonstrates our ability to continuously work constructively with our tenants to improve our individual businesses,' said John Payne, President and COO of VICI Properties, in a prepared statement sent via e-mail. 'This disposition will allow VICI to optimize the quality of our real estate portfolio and redeploy the proceeds toward other attractive growth opportunities while maintaining the existing financial terms of the Non-CPLV Master Lease with Caesars.'
The buyer, Reno City Center LLC, is no stranger to The Biggest Little City. State records list Chris Beavor of Las Vegas-based Silver State Realty & Investments as the registered agent for the company. Beavor is also the CEO of CAI Investments, which is planning to build a 20-story boutique hotel on Court Street.
“Being originally from the Reno/Sparks community, it is with great pride that we are investing in the Reno area by redeveloping this property,” Beavor said.
A downtown Reno institution
Harrah’s Reno is a big part of Northern Nevada’s gaming history.
The property’s roots can be traced back to 1937 when William Harrah, a Reno gaming scene upstart in his 20s, opened a bingo parlor on the site. The parlor would unceremoniously close shortly after that but Harrah would soldier on, turning his ragtag collection of parlors into a regional gaming empire with properties in Reno Tahoe and Las Vegas. In 1973, Harrah’s Inc., also became the first gaming company to be listed on the New York Stock Exchange.
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Even after Harrah’s death in 1978, the company he left behind continued to grow. In 2005, Harrah’s pulled off what was then the biggest merger in the industry with its $9 billion acquisition of Caesars Entertainment. The acquisition eclipsed an earlier deal between competitors MGM Mirage and Mandalay Resort Group.
Just a few years later, however, the merged company became the poster child for a rash of leveraged buyouts that preceded the Great Recession. Caesars Entertainment kicked off 2015 by filing for Chapter 11 bankruptcy protection after a $31 billion buyout involving private equity firms Apollo Global Management and TPG saddled the company with billions in debt. Caesars wouldn’t emerge from bankruptcy until 2017.
The company’s woes also led to Harrah’s Reno ownership switching to VICI Properties, a spinoff company that was formed from Caesars’ reorganization. Along the way, the downtown hotel-casino started to lag against local competitors such as the Eldorado, Atlantis and Peppermill, which continued to invest in property improvements while Harrah’s Reno languished.
'It has been a declining gaming facility'
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The property’s condition placed it in the crosshairs of the Economic Development Authority of Western Nevada. EDAWN reached out to five different investor groups about the property over the years and encouraged them to turn it into a non-gaming property.
“It has been a declining gaming facility in the center of what could be our innovation zone, or University district, the area between UNR and the River, between Virginia and Evans,” said Mike Kazmierksi, president and CEO of EDAWN. “That roughly 20 block area is the key to future expansion of the University into the downtown and the addition of innovation and technology companies that want to be near or partnering with the University.”
Kazmierski described the sale of Harrah’s Reno as an economic development dream come true and “the most significant and game-changing development in our downtown in decades.”
The sale of Harrah’s Reno also means the property will not be joining the ranks of Eldorado Resorts’ downtown Reno properties, which include the Silver Legacy and Circus Circus. Eldorado is waiting to close on a $17.3 billion deal to acquire Caesars Entertainment, which was announced last year.
Representatives of Harrah’s and Eldorado Resorts did not respond to a request for comment from the Reno Gazette Journal.
Caesars Palace Galway Poker Results 2017
Jason Hidalgo covers business and technology for the Reno Gazette Journal, and also reviews video games as part of his Technobubble features. Follow him on Twitter @jasonhidalgo.