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2006 WSOP winnings still being held by Harrah's
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Author:  Witling [ Wed Nov 15, 2006 11:51 am ]
Post subject:  2006 WSOP winnings still being held by Harrah's

From The Las Vegas Advisor Question of the Day.
http://www.lasvegasadvisor.com/
Q:
I hear Jamie Gold (WSOP winner) had half his money held up because of some deal. Can you fill us in on it and where it stands today?


A:
Just before 4 a.m. on Friday August 11, former celebrity agent turned Hollywood producer and amateur poker player Jamie Gold made history when he won the World Series of Poker world championship for a record $12 million grand prize.
The controversy began even before the final table concluded, with rumors of peculiar behavior and other players criticizing his decision to surround himself with bodyguards. "It's not rock-star land. We don't travel with our posses," commented poker pro Phil Gordon to the New York Times. But the biggest furor, which erupted once the tournament was over, concerned the prize money. To quote a profile about Gold in last month's All In magazine:

"Nine days after Gold's record haul, Bruce Crispin Leyser ... declared he was owed half of the winnings, $6 million, because of an arrangement he had with Gold to procure Hollywood personalities to wear the Bodog label in the Main Event. Gold was working on a two-year agreement with online gaming site Bodog to help build up a celebrity presence in exchange for paying his tournament entry fees. Gold allegedly asked Leyser, a British television executive, to recruit a couple of names for the cause. Leyser came up with Matthew Lillard, who played Shaggy in the Scooby Doo movies, and comedian Dax Shepard.

"Lesyser's lawsuit contends once the final table was set, Gold left him a phone message saying, 'I wanted to let you know about the money. I promise you — you can keep this recording on my word — there's no possible way you're not going to get your half ... after taxes.’"

During the contest, Gold had revealed that he would dedicate any winnings to the care of his stepfather, who's battling the late stages of Lou Gehrig's disease. But the evidence of the recording proved strong enough for the Rio to freeze half the prize money until a judge could determine the outcome.

And frozen it has remained, without further developments, until now. According to a news report earlier this week, court documents filed last week show that Gold has retracted his offer to share his $12 million prize and is seeking permission to collect the entire pot, on the grounds that he's irked by Leyser's lawsuit and no longer feels inclined to share.

How the judge will rule on the case remains to be seen, but we'll keep you posted.

Author:  TicaFan [ Wed Nov 15, 2006 12:13 pm ]
Post subject: 

I do not see where the connection of any agreement they had about one thing concerns the other(half his $12 million).

Author:  VegasBob [ Thu Nov 16, 2006 10:10 am ]
Post subject: 

It is not uncommon for top name players to have their entry fees paid by investors who get a percentage o the winnings. It sounds to me like Jamie Gold had this type of arrangement (even though he is an amateur)in addition to obtaining the services of celebraties for advertising purposes.

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