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Snapshot9
09-03-2006, 02:23 AM
IPT Rumors Confirmed: London Cancelled - IPT Sold
Two surprise announcements at Reno Players meeting:

1. London Event cancelled. Reason is inability to secure the venue and/or suitable alternative location. There will be only one more event this year at Chicago. IPT tour card holders are still guaranteed a minimum of $13,000 for the three events.

2. IPT sold to Asian billionnaire Stanley Ho and Ho Interactive for approximately $150M. Kevin Trudeau has signed to continue as IPT Tour Commissioner for 5 more years.



Other items of interest:

3. Venue is the most beautiful pool center I have ever seen. Huge room with 50 perfect diamond tables with diamond overhead lighting. TV table and Grandstand area is stunning with multicolored lighting, etc.

4. IPT website will begin broadcasting EVERY match at this tournament LIVE beginning this Thursday. You have to purchase an IPT Membership ($29 annual membership plus $6 a month). This could be really good, I certainly will buy one for Chicago and Vegas tournaments.

/ccboard/images/graemlins/shocked.gif /ccboard/images/graemlins/shocked.gif /ccboard/images/graemlins/shocked.gif

Fran Crimi
09-03-2006, 07:26 AM
<font color="blue"> Why would would the 84th richest man in the world (dubbed the King of Macau) want to pay 150 Million for a pool tour? Well to take a wild guess, since Ho's business is casino gambling and real time online betting, I'm wondering how pool playes would feel about being the next generation of jai alai players. Did Trudeau just sell out the sport?


According to Forbes:</font color>




84 Stanley Ho

© Bloomberg News /Landov
Age: 84
Fortune: self made
Source: Gaming

Net Worth: 6.5

Country Of Citizenship: Hong Kong
Residence: Hong Kong, Hong Kong, Asia &amp; Australia
Industry: Gambling /Leisure
Marital Status: married, 17 children

University of Hong Kong, Drop Out


King of Macau sits on an ever-growing pile of chips. Revenues for Sociedade de Jogos de Macau—Ho's gaming operation that includes casinos, greyhound racing, lotteries and horse betting—estimated at $4.8 billion in 2005; includes $3.5 billion from the Lisboa, world's highest grossing casino. Though competition continues to increase from American moguls Sheldon Adelson and Steve Wynn, Ho still controls 15 of Macau's 18 casinos; also operates ferry and helicopter services that transport gamers from Hong Kong through publicly traded Shun Tak Holdings. Son Lawrence, daughter Pansy building casinos with foreign partners.

DickLeonard
09-03-2006, 10:49 AM
Snapshot9 this makes KT and hopefully MS look like geniuses. I definetly will have to take the pool cue out of mothballs.####

Scott Lee
09-03-2006, 11:07 AM
Dick...I wouldn't jump to conclusions yet. As has been discussed over on AzB, the question of WHY this would happen is top of mind. What is there to value the IPT at that kind of figure? No assets, losing money proposition (the way it is currently laid out), and no clear cut plans ahead (other than a purported 'guarantee' to the next year's player list). I can't imagine why anyone would pay that much money for virtually nothing but blue sky.

Scott Lee

PoolSharkAllen
09-03-2006, 12:16 PM
Stanley Ho is a multi-billionaire so he isn't exactly stupid. He must have something in mind in doing this. Worst case is that the IPT will now be funded by someone with even deeper pocket's than Trudeau's.

Rich R.
09-03-2006, 01:43 PM
<blockquote><font class="small">Quote Scott Lee:</font><hr> Dick...I wouldn't jump to conclusions yet. As has been discussed over on AzB, the question of WHY this would happen is top of mind. What is there to value the IPT at that kind of figure? No assets, losing money proposition (the way it is currently laid out), and no clear cut plans ahead (other than a purported 'guarantee' to the next year's player list). I can't imagine why anyone would pay that much money for virtually nothing but blue sky.<hr /></blockquote>
Could it be that a very smart, billionaire, business man sees the possibility of the IPT turning into a truly international pool tour, complete with a ton of sponsorship around the world?
I don't know, as I am neither smart nor a billionaire. /ccboard/images/graemlins/confused.gif

DSAPOLIS
09-03-2006, 05:34 PM
<blockquote><font class="small">Quote Scott Lee:</font><hr> I can't imagine why anyone would pay that much money for virtually nothing but blue sky.

Scott Lee <hr /></blockquote>

Unless it is a front for something else.
For more info click here (http://blog.myspace.com/index.cfm?fuseaction=blog.view&amp;friendID=65446015&amp;b logID=163538188&amp;MyToken=f52f2dd9-db48-4944-b395-59a2cc27b189)

cueball1950
09-03-2006, 05:39 PM
Hi Scott....could it also be that KT is going to make the IPT players exclusive to just the IPT. That would definately have some type of value in itself. Other promoters would have to pay the IPT for the right to have the top pro's playing in their tournaments....just a guess.........mike

Harold Acosta
09-03-2006, 06:11 PM
More info on Mr. Ho:

Stanley Ho (born November 25, 1921), also known as Ho Hung-sun, Stanley Ho Hung-sun is a famous entrepreneur in Hong Kong and Macau. Ho is sometimes nicknamed "The King of Gambling", reflecting the government-granted monopoly he held of the Macau gambling industry for over 35 years.

Ho is the wealthiest person in Macau, and one of the wealthiest in Asia. According to Forbes, he ranked 84th among the world's richest people in 2006, with an estimated net worth of $6.5 billion USD. He owns many properties in both Hong Kong and Macau and has taken part in many kinds of business including entertainment, tourism, shipping, real estate, banking, and air transport.

As for his businesses:

their income constitutes about one-third of the gross domestic product of Macau;
in 2003, taxes on them accounted for about 30% of the Macau government's revenue;
they are collectively the largest corporate employer in Macau, with more than ten thousand employees.
Apart from Hong Kong and Macau, he has also invested in North Korea, Vietnam and the Philippines.

Ho is also a famous industrialist and entrepreneur in Asia, and he held a number of important positions in many firms in Hong Kong and Macau. His opinions and statements on Hong Kong's estate and commercial development have considerable sway on the market.

Remaining text at:

http://en.wikipedia.org/wiki/Stanley_Ho

Fran Crimi
09-03-2006, 07:13 PM
I'd guess that 85 year old Ho isn't the one who's going to be controlling the operation. I suspect it's all about casino and online real time betting. They can only offer pool as a betting product in their casinos and to their special high roller clients if they can control the dates, times and coverage of the matches. It has to be real time and it has to be in a controlled atmosphere. The best way to do that is to own the whole tour.

Who knows...with the way some people bet, they could make the purchase price back in no time.

Fran

9 Ball Girl
09-03-2006, 07:28 PM
<font color="blue">From the Billiards Digest website:</font color>

Big Changes at IPT: Tour to Be Sold, London Event Cancelled

The future of the fledgling, multimillion-dollar International Pool Tour was cast in doubt on Saturday by news that tour founder Kevin Trudeau had entered into an agreement to sell the tour, and that the IPT Players 8-Ball Championship, scheduled for Oct. 22-29, had been cancelled.

Both announcements came during the players’ meeting Saturday for the IPT’s World 8-Ball Open Championship, set for Sept. 3-10 at the Grand Sierra Resort and Casino in Reno, Nev.

According to an IPT release, the IPT has agreed to a purchase by Ho Interactive, a new company started by casino owner billionaire Stanley Ho, who also owns online gambling site www.hocasino.com (http://www.hocasino.com). IPT founder Trudeau told the crowd of 200 players that Ho Interactive will be taken public on the London exchange at some point in the near future.

The 84-year-old Ho is worth $3.6 billion, according to Forbes magazine’s 2005 list of the richest people in the world. The Hong Kong-based Ho controls virtually all casinos and gaming in Macau, a small Chinese territory off China’s southern coast.

Little was immediately known about the sale, or how it will affect the IPT’s plans for a 2007 season. BD will release new information as it becomes available.

The players also were informed that the London-based Players Championship was cancelled, due to problems in negotiations with The Excel, the intended host facility.

IPT Director Deno Andrews had told BD in the days leading up to the World 8-Ball Open event that cancellation of the event was a possibility, due to several reasons. They included the fear among some players of a terrorist attack, sparked by recent terrorist arrests in the U.K.; the trouble several international players were encountering obtaining visas for the U.K.; and conflicts in the programming schedule of EuroSport, the broadcast network that had planned to air some of the IPT matches live.

“At every juncture, we’ve had a problem with the London tournament,” Andrews told BD on Aug. 25.

Three more events are set on the IPT's 2006 schedule: the Masters 8-Ball Championship, Nov. 26-Dec. 3 in Chicago; the King of the Hill Invitational 8-Ball Shootout, Dec. 12-17 in Las Vegas; and a simultaneous 2007 qualifying event, also set for Dec. 12-17.

At the players’ meeting, IPT members were promised a minimum of $13,000 for the 2006 season for every player who played in all the 2006 tournaments. Those whose total winnings were short of the figure would be written a check for the difference.

PoolSharkAllen
09-03-2006, 07:48 PM
Maybe we'll see some IPT tournaments being held in Macau? ;-)

Macau may not yet be a household name to Americans but it appears to be an up-and-coming casino and gambling mecca. Consider the following excerpt taken from Forbes magazine:

Vegas of the East
Like most markets whose fortunes are tied to China's rapid growth, Macau puts up some staggering numbers. Three billion people live within a five-hour flight of the city, which is by far the region's biggest casino center. With $5 billion in annual gambling revenue, Macau is expected to take over the title of world's largest casino market this year.
"It's already bigger than Vegas, and it could be much bigger," reports T. Rowe Price's Fath.
As China grows richer and the government eases restrictions on travel, Macau is seeing its visitor numbers and gambling earnings soar. In the second quarter of 2006, Macau's gambling revenue was $1.6 billion, up 11.6% from a year ago. According to Goldman Sachs, full-year gambling revenue and visitor arrivals are expected to rise 15%.
Macau casinos also make more money per customer than do its rivals anywhere in the world. The average daily win per table in Las Vegas is about $2,000, according to Fath. Tables at the Sands Macao pull in quadruple that, he says, due to larger bets and more bets per table.
"The huge difference is that Chinese gamblers are more serious," says Fath

marek
09-04-2006, 02:24 AM
Well, I was quite pesimistic about IPT and KT in the beginning. After KOH and NA Open I was excited and I really started to think that pool has bright future...
Well Mr.Ho has even more dubious past than KT so I feel even less comfortable than before. There are two questions which come to my mind: 1) What does Stanley HO intend to do with IPT? 2) Do I want as a player recieve money from someone as Mr.HO??
If answer to the first question is like "Mr.Ho wants to continue the IPT and wants to invest into IPT to get his money back in the future" then I would be fine with that. If answer to that question is like "MR.HO sees great opportunity in IPT to launder big deal of bloody money" then I would be really scared... having the boss who has done in the past such thing as credit card frauds, telling semitruths and lies in infomercials + paying hundreds of thousands dollars each year in fines is one thing, having boss who deals cards, drugs and women is something completely different... That leads me to my second question. There is always someone who has the money, who can be the sponsor. In the past there were many sports sponsored by big tobacco companies, in fact many sports still ARE sponsored by tobacco companies and not many say anything against that. Only lawmakers start to ban this throughout the world, those sports have to find new sponsors and more often than not tobacco companies are substitued by online casinos. Tobacco products take millions of lives every year around the world while making multibillion profits to the companies. Is Mr.HO worse? I am not sure. But I am sure of the fact that I am not happy with the progress of the things...

Qtec
09-04-2006, 03:41 AM
The future of Pro Pool now lies in the hands of a gambling syndicate[ with possible dubious connections] and a con-man!

When we have the owner of a tournament, taking bets on players who he pays, doesn't that present a conflict of interest?
Even in the last/first tourny there was some controversy about a possible dump. Apparently they changed the order of play in the next round because of it!

Q

killerstroke
09-04-2006, 07:09 AM
I will first admit I didn't read all the replies, more like skimmed over them as I got further down on the list, WHY? There was something about KT I didn't like before, due to his past. IMO this will probably give pool two black eyes. This will lead to the same reasons why Jennifer Chen is missing, Gambling Debts. Pool doesn't need this publicity. Is it possible KT smooth talked Mr. Ho like he did us and now KT will get his money back that he spent but the players will be left out? How does BD feel? The "free" advertising they have done with all the articles? Should we see KT on the front cover now but in a different scenario? If it turns into a gambling thing then will we see people betting huge amounts and players throwing games? If this is for gambling I would like to see players put there morals first and protest. There is more for me to tell but I will save it for later. Who knows but it smells awful bad!!!!

PoolSharkAllen
09-04-2006, 08:23 AM
People are too quick to assume the worst possible outcome. KT made a lot of promises about the IPT and for the most part, he has delivered. Players are getting much higher payouts than ever before. Have you forgotten that Thorsten Hohmann made 350K last month for winning the North American Open?

All things considered, KT has been very good for the game and to the players.

DSAPOLIS
09-04-2006, 12:11 PM
<blockquote><font class="small">Quote PoolSharkAllen:</font><hr> People are too quick to assume the worst possible outcome. KT made a lot of promises about the IPT and for the most part, he has delivered. Players are getting much higher payouts than ever before. Have you forgotten that Thorsten Hohmann made 350K last month for winning the North American Open?

All things considered, KT has been very good for the game and to the players. <hr /></blockquote>

First of all, I'm not too quick to assume anything. It is not a secret that Stanley Ho has been linked to the Kung Lok Triad, in fact he heads it. They are infamous for partaking in human trafficking (most of your cute little chinese waitresses down at the buffet are in this country working to pay off gambling debts that their family has - did you know that?) and they have trafficked cocaine and heroin in and out of Canada by using another group known as the The Big Circle Boys. It is also no secret that Stanley Ho is buddies with Kim Jung Il, who has a hard on for nuking North America for his own entertainment. Stanley Ho was the person negotiating to get North Korean asylum for Saddam Hussein. If you doubt anything that I just wrote, look it up. Its there, and I didn't put it there. Also check this out - Sidewinder (http://www.jrnyquist.com/sidewinder.htm)

US Probes North Korean Ties (http://yaleglobal.yale.edu/display.article?id=6244)

Chinese Organized Crime and Illegal Alien Trafficking: Humans as a Commodity (http://usinfo.state.gov/eap/Archive_Index/Chinese_Organized_Crime_and_Illegal_Alien_Traffick ing_Humans_as_a_Commodity.html)

There is a lot of info out there on Stanley Ho, and a lot of it isn't good. Combine that with the disappearance of Jennifer Chen and I think its enough to stop and say, "Wait... do we really want to involve ourselves with all of this?"

I don't, I won't, and I hope others do the same. Pool needs more than just higher payouts. Pool needs to mature and surround themselves with people that aren't looking for a place to hide their dirty laundry.

PoolSharkAllen
09-04-2006, 01:45 PM
Blackjack: My point earlier was that up until this deal KT has been good for the IPT and the players.

However, given Stanley Ho's colorful background you are probably right to be very concerned about Ho's future plans for the IPT.

DickLeonard
09-05-2006, 05:07 AM
Fran what do you think the penalty for throwing a game will be?####

Qtec
09-05-2006, 05:43 AM
Dick, Mr Ho owns casinos and hotels. He is into horses, Greyhouds and just about anything you can bet on. [Mr Ho doesn't go around telling everyone he is a billionare- unlike KT who tells everyone! /ccboard/images/graemlins/ooo.gif] He even owns the airport in Macau ! If he wanted to start a pool tour he would just do it and he wouldn't have to pay KT 1ct.
Either Mr Ho has always owned the IPT and KT is just the frontman or KT[ I have run 200 balls] is just BS,ing in order to draw away attention from the fact that he just cancelled a tournament in the UK for no apparent reason. Notice that there has been no significant outcry about that. The excuses they made for the cancellation were pure lies but not one single player has complained!
Its not normal for pool players not to complain. /ccboard/images/graemlins/grin.gif


KT presented himself as a pool benefactor who was going to do things for pool- even if it cost him millions. He promptly postponed the whole tour and started a zillion QTs at 2 grand a pop!

His actions are not one of someone who has money to burn.

JMO
Q

Rich R.
09-05-2006, 05:52 AM
<blockquote><font class="small">Quote Qtec:</font><hr>His actions are not one of someone who has money to burn. <hr /></blockquote>
Having money to burn doesn't mean that you are likely to go anywhere near a match. /ccboard/images/graemlins/blush.gif

People don't become billionaires by giving away and spending money with no return.

KT ain't an angel, but he ain't stupid either.

Qtec
09-05-2006, 06:15 AM
KT claims to have run 200 balls!!!!!!! Need I say more?

On the same day that he announces the cancellation of a garanteed earner for IPT members in the UK tourny,[ something that was reported WEEKS ago on AZ,] he also claims the IPT has been sold- some say for 150 million $$$$!!!!!!!!!

Q

Rich R.
09-05-2006, 07:48 AM
<blockquote><font class="small">Quote Qtec:</font><hr> KT claims to have run 200 balls!!!!!!! Need I say more?<hr /></blockquote>
Do you know for a fact that he hasn't run 200 balls?????

I will wait and see how the rest shakes out. It is unclear exactly what is going to happen to the IPT, for better or worse. Sitting here and speculating on what is going to happen serves no useful purpose and is a waist of energy.

Qtec
09-05-2006, 08:01 AM
[ QUOTE ]
Do you know for a fact that he hasn't run 200 balls?????
<hr /></blockquote>

If he could run 200 then he would be a KNOWN player! He is pro material but nobody has ever heard of him in the pool world?
Plus the fact that various posters who have seen KT play declared that he couldn't run 200 in a million years!

Q...its not pure speculation, its based on the facts. YOUR standpoint is based on PURE speculation.

Scott Lee
09-05-2006, 08:08 AM
<blockquote><font class="small">Quote DickLeonard:</font><hr>what do you think the penalty for throwing a game will be?#### <hr /></blockquote>

Dick...Considering all the new info, it probably should be lethal injection! /ccboard/images/graemlins/grin.gifLOL

Scott Lee

Rich R.
09-05-2006, 06:08 PM
<blockquote><font class="small">Quote Qtec:</font><hr> If he could run 200 then he would be a KNOWN player! He is pro material but nobody has ever heard of him in the pool world.

<font color="red">So you are saying that you have heard of every pool player in the world, who is capable of running 200 balls?
I think not. </font color>

Plus the fact that various posters who have seen KT play declared that he couldn't run 200 in a million years!
<font color="red">Unless they have spent a lot of time with him, they still wouldn't know for sure, if he has or not. </font color>

Q...its not pure speculation, its based on the facts. YOUR standpoint is based on PURE speculation.

<font color="red">On this point, you are definitely wrong.
My standpoint is based on the fact that I don't really think it is important, or even relative, and also the fact that I really don't care.

Enough said by me. I'll let you have the last word. </font color> <hr /></blockquote>

DSAPOLIS
09-05-2006, 07:38 PM
I'll spot him 50 balls to 100 for what ever he's willing to put up. I say he can't/has never run 50, nevermind 200.

Dagwood
09-08-2006, 04:14 AM
Well, before this changes from the IPT SOLD thread to the KT is a liar thread...

Over the past 6-12 months, there has been a lot of speculation about this new tour that KT has kicked off. Would he follow through with his promise and pay the players, actually hold the tournaments that he says he's going to hold, ect... IMHO, he has on all accounts so far. The fact that it has been sold is no surprise to me. The first thing that you have to remember is that above all else, KT is in business for himself. (that first before being a "scam artist" as many of you like to point out). If he feels that selling the tour right now would be more beneficial to him now than in the future, then more power to him. We still don't have all of the details from the sale. He may have only sold a majority ofthe tour over, while keeping a percentage for himself. There also may be stipulations in the sale in order to keep the tour running for the promised 3 initial years, as well as making sure the players are paid the monies that they win. Until I see more details on this sale, which in truth may never happen, I'm reserving judgment on the sale. Now, as far as the buyer, Mr. Ho...there deffinitely could have been better buyers, or at least buyers with a cleaner, less colorfull history. BUT, just like KT, if he is in this to add to his wealth legitimately, pool and billiards could be better for this. (legitimately being the key word there) As far as players dumping games...maybe in the earlier rounds it would be feasible, but later on, there is such a difference in payouts from place to place that dumping becomes un-profitable for the players. I'll conceed that anything is possible though. Overall, am I concerned, yes. But the way I look at it, the tour is still there, and even if it goes away, we're no better or worse off than we were before this started.

dags

DickLeonard
09-08-2006, 05:10 AM
Dagwood If my memory serves me the people from Microsoft who bought the Pro Bowlers Tour paid 3 million with a full schedule of events. So I am totally sckeptical about the price of 150 million for nothing but a few tournaments and a few hundred no name poolplayers.

By no name players I mean they have no name recognizion. Aol yesterday had a poll on the Russian Women Tennis Star Sharapova against 10 famous athletes. Tiger include and she totally defeated them.####

Chopstick
09-08-2006, 06:36 AM
<blockquote><font class="small">Quote DickLeonard:</font><hr> Dagwood If my memory serves me the people from Microsoft who bought the Pro Bowlers Tour paid 3 million with a full schedule of events. So I am totally sckeptical about the price of 150 million for nothing but a few tournaments and a few hundred no name poolplayers.

By no name players I mean they have no name recognizion. Aol yesterday had a poll on the Russian Women Tennis Star Sharapova against 10 famous athletes. Tiger include and she totally defeated them.#### <hr /></blockquote>

I wonder what the outcome of the poll would have been if they also asked where Russia was? /ccboard/images/graemlins/laugh.gif

Keith Talent
09-08-2006, 03:28 PM
<blockquote><font class="small">Quote Scott Lee:</font><hr> <blockquote><font class="small">Quote DickLeonard:</font><hr>what do you think the penalty for throwing a game will be?#### <hr /></blockquote>

Dick...Considering all the new info, it probably should be lethal injection! /ccboard/images/graemlins/grin.gifLOL

Scott Lee <hr /></blockquote>

Or lethal injection for NOT throwing. /ccboard/images/graemlins/grin.gif

PoolSharkAllen
09-09-2006, 10:21 AM
<blockquote><font class="small">Quote DickLeonard:</font><hr>
By no name players I mean they have no name recognizion. Aol yesterday had a poll on the Russian Women Tennis Star Sharapova against 10 famous athletes. Tiger include and she totally defeated them.#### <hr /></blockquote>

Maybe that's what pool needs is more sex appeal to publicize the sport?

More seriously, the IPT needs to do a much better job of marketing itself to the public. Replaying the same IPT tournaments on OLN, ad nauseum, for months at a time doesn't cut it.