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We take note with the greatest respect of the decision taken by Mr Takeda to resign as an IOC member. Our respect of this decision is even greater because he took this step to protect the Olympic movement while the presumption of innocence, on which the IOC insists, continues to prevail.
Phua was arrested, and later released, in the US two years ago for running an alleged illegal sportsbetting ring. Failings in the FBI operation led to the case ultimately being dismissed. Phua was apparently flown in Crown’s own jet to take part in the high-profile Main Event, a tournament in which Phua has had some success in the past.
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Steve Wynn was already tearing his hair out about a proposed table game cap on new complexes imposed by the government. He was particularly annoyed as the cap was announced so late in the development process.
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The advantage, however small, is more than offset by the changes made in the payout table. The poker hand rankings are the same as in the Jacks or Better online video poker payout table, but the payouts are different. In Louisiana Double the payouts are more for straight flush and four of a kind and less for royal flush and three of a kind. The net result is a reduction in reduction in average return by 6%, after factoring the advantage of the Double card. Jacks or Better has an average return of 99.5%, whereas Louisiana Double has an average return of only 93.5%.
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