The Sunday Briefing: Annette Obrestad

Winning Sunday was Annette "Annette_15" Obrestad. She took down the PokerStars Sunday 500 for $87,400, a nice score heading into the World Series of Poker later this week.

PokerStars Sunday 500
Buy-in: $500 + $30
Prize Pool: $500,000
Entrants: 997

1. Annette "Annette_15" Obrestad - $87,400
2. Christian "charder30" Harder - $63,500
3. Joe "floes" Serock - $47,500
4. Martin "AABenjaminAA" Hruby - $35,500
5. Jason "jdtjpoker" Wheeler - $25,000
6. Brent "greener_tree" Belser - $20,000
7. seghei007 - $15,000
8. Harrison "gibler321" Gimbel - $10,000
9. Paul "PremiumStud" Dewald - $5,750

Notable Finishes: Lauren "locoencabeza" Kling (10th - $4,750), Benjamin "xthesteinx" Zamani (14th - $3,750), Shannon "basebal1b" Shorr (15th - $3,750), Alexandre "Allingomes" Gomes (16th - $2,750)

Online Poker Room Signs Obrestad

Online poker room Full Tilt Poker has announced they have signed poker pro Annette “Annette_15″ Obrestad. Obrestad was the winner of the World Series of Poker Europe in 2007. The Norwegian poker pro has gotten plenty of attention over the years, both for being a young pro at age 15 and for winning an online poker event without looking at her cards. To date she has over $3,075,000 in live tournament wins, and is in the top spot of Norway’s live tournament all-time money list. She just recently turned 21 and will not set her sights on the World Series of Poker in Las Vegas.

Phil Ivey’s House for Sale

High stakes poker professional Phil Ivey has recently put his Las Vegas mansion on the market.

His 6,700 sq ft house is located on a golf course several miles West of the Strip in a secluded community.  The house is currently listed at $1,995,000

Agent Roger Stein with Windermere Prestige Properties has the listing.  You can view the listing by clicking here

Obviously there are rumors flying everywhere as to why Ivey is selling his house.  Some say it’s because of his recent filing for divorce, and he wants to split up all of his assets.  However, the recent legal problems facing the online poker behemoth he helped co-found, Full Tilt Poker, are casting doubt as to whether he is trying to move some of his assets around or put them in different people’s names.

This house, at 6700 sqft is only listed for about $290 per foot which seems pretty reasonable.  However I’m sure that at one time this house fetched $5M.  Who knows how much the poker mega-millionaire is into this crib for, but I don’t think it will break him.

Poker Player goes broke

Five years ago, Michael Mizrachi was at the top of the poker world.  He had won millions of dollars and several prestigious poker titles.   Fast forward to today, and Mizrachi, known as “the Grinder” in the poker world, is practically busted.

An article in the Florida Sun Sentinel says that Mizrachi owes roughly $340,000 in unpaid taxes to the IRS and is facing foreclosure on his home.

Despite winning nearly $7,000,000 in his tournament poker career, Mizrachi has managed to lose his Florida condo jointly owned by his brother. It was foreclosed on and sold at auction.  His main residence in Miramar, FL has also been foreclosed on and will be going to auction later this month.

Yet another cautionary tale of a poker player that has zero regard for variance, bankroll management, or his own ego.  Four or five tournaments does not make a poker career.  Only the best know how to manage downswings, which hits anyone who gambles, whether that gambling is in the stock market, real estate, sports betting, or poker.

What struck me to be most odd is how in light of all his inability to manage his money, he manages to blame his CPA for his own failures.  Many athletes who spend more than they make also blame their accountants.  Our country is wrought with people who make large sums of money, then blow it all, and yet refuse to take any accountability of their own mistakes.

I can honestly say I’m not hoping he makes a poker resurgence.  He should get a regular job, understand what it means to make a real living, and pay his freak in’ taxes.

Wynn Leaving Las Vegas

Steve Wynn tells Reuters reporter he is leaning toward moving his company to Macau and will offer up the proposal to the board during schedule May meeting. He also announced plans to construct a third resort in Macau.

During another interview with Business Week, Wynn went into more detail for the proposed move to China, citing the Obama administration's policies that do not encourage investments in Las Vegas.

Will Las Vegas miss the talent and creativity Wynn brought to the development of the current Las Vegas landscape? You can bet on it.

Tyson to possibly fight again in Las Vegas

Mike Tyson may be making a comeback in Las Vegas, as early as the end of this year.

Tyson was last seen in the ring in 2005, when he lost against Kevin McBride.

Since then, the former heavyweight champion has popped up in diverse places such as Planet Hollywood, where fans could pay to box or watch him work out.

One name being bandied about as a possible opponent is Evander Holyfield, who fought and beat Tyson the two times they fought.

Crazy Horse III offers free sushi

The new Crazy Horse III (unrelated to Crazy Horse II) at the Playground (3525 W. Russell) offers something you don't normally see of gentlemen's clubs.

Free sushi.

We'll leave you to make your own jokes, but every Wednesday, Las Vegas locals and industry professionals get free sushi, as well as free admission and free well drinks.

Note you must not take a taxi or limo; you must arrive in your own transportation.

This gives you an idea of just how the skyrocketing kickback fees are for cabbies who take customers to strip clubs.