Facebook

Twitter

Tumblr

iTunes

RSS

Top
HEAR THIS HOUR'S UPDATE
DOWNLOAD THE LATEST
News Pages
« California's Foie Gras Ban Goes Into Effect | Main | Apple Victory Over Samsung »
Saturday
Jun302012

Investing in Professional Poker Players

CommentPost a Comment

Comstock Images/ThinkStock(LAS VEGAS) – Professional poker players are now drumming up finances from hedge fund managers, real estate moguls and wealthy businessmen, according to the Wall Street Journal.

For example, Noah Schwartz, 28, raised $900,000 to play at The One Drop Poker Tournament. His investors will receive a proportional amount of his winnings if he places minus 10%. The jackpot for the tournament could reach as much as $18.3 million.

Although top pros do not usually seek out investors, there is a growing group of poker players that are betting investors will take a gamble on them.

Copyright 2012 ABC News Radio

DateSaturday, June 30, 2012 at 2:48PM by AuthorChristine Hsu
tagged , in

References (1)

References allow you to track sources for this article, as well as articles that were written in response to this article.
  • Response
    Response: poker online
    at poker online on August 29, 2012
    Investing in Professional Poker Players - Business News - ABC News Radio

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>

Notify me of follow-up comments via email.