SOURCE: Casino City

December 07, 2006 13:04 ET

Reporter Takes First Step in Quest to Trade 60-Cent Internet Poker Check for WSOP Entry

NEWTON, MA -- (MARKET WIRE) -- December 7, 2006 -- Casino City reporter Aaron Todd traded a 60-cent check from an Internet poker room for a set of 500 poker chips to GoldenPalace.com this week.

The Trade

Todd gets
 -- Complete set of 500 poker chips
 -- Chips weigh just under 14 grams each
 -- Each chip commemorates one of GoldenPalace.com's innovative
    marketing concepts
    - 150 White - Brittany Skye (U.S. Open streaker)
    - 150 Blue - William Shatner ($25,000 kidney stone eBay auction)
    - 100 Red - Bernard Hopkins (Boxer with GoldenPalace.com back tattoo)
    - 100 Black - Grilled Cheese Virgin Mary ($28,000 eBay auction)

GoldenPalace.com gets
 -- 60-cent check made out to Aaron Todd for Internet poker winnings

The transaction is the first step in Todd's goal to turn his 60-cent check into the buy-in for the Main Event of the 2007 World Series of Poker, chronicled on the Web site www.sixtycentmainevent.com.

Todd won the money in a free tournament on PKR.com while doing research to write about the new Internet poker room. He planned to play real money games with his 60 cents until he either made $100 or lost it all, but PKR.com decided not to allow U.S. customers to play for real money after the Unlawful Internet Gambling Enforcement Act was passed in late September.

Since he couldn't use the money on PKR.com, he asked the company to send him a check for the full 60 cents. He wrote a column for Casino City Times asking his readers to give him ideas on how to use the 60-cent check, and one reader told him he should try to trade it for something better.

He liked the idea so much that he decided he would make a series of trades until someone offered him the $10,000 buy-in for the Main Event of the WSOP.

He received over a dozen trade offers when he posted the story. The best offer came from Internet casino GoldenPalace.com, which offered a set of 500 custom poker chips for the check. The chips pay homage to some of GoldenPalace.com's innovative marketing concepts, including eBay purchases of a grilled cheese sandwich with the image of the Virgin Mary and William Shatner's kidney stone.

"This is obviously a huge trade," Todd says. "These chips are amazing, and they aren't available for purchase anywhere. They would make a great addition to someone's home game or just as collector's items, and I look forward to receiving trade offers for the chip set."

More details are available at www.sixtycentmainevent.com.

Sixty Cent Main Event Timeline

Aug.  23 - Todd wins 60 cents in free PKR.com Internet poker tournament
Sept. 29 - Congress passes the UIGEA as an attachment to a Safe Ports bill
Oct.   4 - PKR announces it will not allow U.S. customers to play for real
           money
Oct.  13 - President Bush signs UIGEA
Oct.  27 - Todd requests check for 60 cents from PKR.com
Nov.  21 - Todd announces plan to trade the 60-cent check for a WSOP entry
Dec.   6 - Todd trades check for set of 500 poker chips with
           GoldenPalace.com

Contact Information

  • Contact:
    Aaron Todd
    Phone: (617) 332-2850 ext. 132
    E-mail: Email Contact