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12-07-2021 , 04:09 PM
Quote:
Originally Posted by Dream Crusher
Was Legends actually started by the founders of 52 Social?
The owner of Legend Poker is not one of the founders of 52 social. You can look it up on there LLC.
12-07-2021 , 04:10 PM
Quote:
Originally Posted by dgis back
The guy that put up the money was from California. Johnny was skimming so he pulled out and took his money. Don't believe this bs on the podcast. The reason it shut down is because Legends opened. All the big players moved there and when they tried to cash in their chips there was no money in the bank. Now Johnny is trying to find a sucker to buy the club. Hope Matusow finds some "friends" to fund it. Destined to fail LOL.
It is true the original money for 52Social was from Cali. But That money pulled out long ago. That is not directly related to the issues 88Social (Johnny Chan) is referencing now.

I agree the reason 88Social is having issues is probably linked to Legends opening up. There were issues cashing out back in early Nov (I heard). They limited cash outs to a max of $2K/d but only for about a week. I also heard (same sources) that after that week, full cash outs were being allowed. This was all BEFORE the room seeming to close "last" weekend.

BTW, you sound like a shill for the Legends owner. If so, just admit it. If not, you might want to view the "investigation" video from Dolcefino consulting linked above. Dolcefino is not a gov't entity and I do not pretend they are independent and impartial, since they have prior dealings with a Legends competitor. But as presented, they have evidence that Legends isn't so above board in ownership and operation. Maybe they are wrong, but I dont' feel that way.
12-07-2021 , 04:13 PM
Quote:
Originally Posted by Nissin
The owner of Legend Poker is not one of the founders of 52 social. You can look it up on there LLC.

The above is incorrect. He was a co-owner of 52 Social with Jun(primary owner who now owns the recently opened 52 Social in Austin) and Johnny C(who only put in $40K). This is referenced in the Pokertube article linked in the prior post and is true. Jun and David approached Johnny in Vegas about opening 52 Social and they did it.

He is the owner of Legends.
12-07-2021 , 04:13 PM
Quote:
Originally Posted by Dream Crusher
That seems really f'ed up. There should have put a non-compete clause in the contract but regardless I couldn't see myself supporting such a predatory business. Guess they got what they deserved in Dallas.
The Dallas 52 social and legend are own by 2 separate people. 52 dallas owner is one of the original partners in the old 52. Legends owner was not part of the original 52
12-07-2021 , 04:21 PM
Quote:
Originally Posted by BulltexasATM
The above is incorrect. He was a co-owner of 52 Social with Jun(primary owner who now owns the recently opened 52 Social in Austin) and Johnny C(who only put in $40K). This is referenced in the Pokertube article linked in the prior post and is true. Jun and David approached Johnny in Vegas about opening 52 Social and they did it.

He is the owner of Legends.
I think you have mistaken. The majority owner of legend is not David. Jun also has no part of Legend. David may be a partner in some degree but he is not the majority owner.
12-07-2021 , 04:29 PM
Quote:
Originally Posted by BulltexasATM
Two poker players have been followed and robbed in the past two days. The most recent Sunday night. There is a reason the higher limit players leave chips in boxes. When Legends opened there was a run on the bank and 88 didn’t have the money to pay all those chips out. Once poker players found out they all ran over there to try and cash out and 88 limited cash outs to $2k per day. This went on for the last 3-4 weeks they were open until they suddenly closed. It is estimated around $1m in chips are still out there.

If you listen to Matusows podcast Chan is saying this is due to his partner leaving town with the money. His partner was actually the money behind it and decided to pull out. He didn’t steal the money. He quit funding it anymore. Someone else(Chan?) was spending that money and the house of cards collapsed. Now he’s calling anyone and everyone to try and sell the club but once that trust is gone you are done. He’s hoping to find a sucker(Matusow lol) to take it on. Chan used his name but didn’t put much in. He just took out!!!
12-07-2021 , 04:48 PM
Quote:
Originally Posted by BulltexasATM
Two poker players have been followed and robbed in the past two days. The most recent Sunday night. There is a reason the higher limit players leave chips in boxes. When Legends opened there was a run on the bank and 88 didn’t have the money to pay all those chips out. Once poker players found out they all ran over there to try and cash out and 88 limited cash outs to $2k per day. This went on for the last 3-4 weeks they were open until they suddenly closed. It is estimated around $1m in chips are still out there.

If you listen to Matusows podcast Chan is saying this is due to his partner leaving town with the money. His partner was actually the money behind it and decided to pull out. He didn’t steal the money. He quit funding it anymore. Someone else(Chan?) was spending that money and the house of cards collapsed. Now he’s calling anyone and everyone to try and sell the club but once that trust is gone you are done. He’s hoping to find a sucker(Matusow lol) to take it on. Chan used his name but didn’t put much in. He just took out!!!
If in pulling out he also pulled money that was already committed then it could be considered stealing. If he went into the boxes, then it is definitely stealing.

I am not saying anything about Johnny Chan specifically as I simply have zero information if he is guilty in this or not. But I do believe that La, Sin, some staff/mgmt at Legends and probably some staff/mgmt at 88 Social are far from clean in all of this.

The biggest fear I have is that whether legal or not and whether justified or not, Legend's operation (and others') (I am confident they have at a minimum strayed well beyond the gray area loop hole on these rooms in TX) is going to bring down the whole cottage industry.

Frankly many if not most of these rooms are well UNDER capitalized. I don't believe most (any?) of them could actually pay off all the outstanding chips on demand with legal above board funds. Their might be a couple with the necessary capital and controls in place but not most.
12-07-2021 , 10:24 PM
Quote:
Originally Posted by Nissin
The Dallas 52 social and legend are own by 2 separate people. 52 dallas owner is one of the original partners in the old 52. Legends owner was not part of the original 52
It’s actually Austin not Dallas. Jun opened the new 52 there. Look on Poker Atlas. He has no involvement in Legends
12-08-2021 , 01:11 AM
We were talking about 52 Social in Dallas.
12-08-2021 , 03:47 AM
Quote:
Originally Posted by BulltexasATM
It’s actually Austin not Dallas. Jun opened the new 52 there. Look on Poker Atlas. He has no involvement in Legends
Yes it is in Austin, my mistake. Nevertheless,
As for the discussion about not having enough funds to cover the chips, I feel that is just plain stealing if you give chips and not cover them. Who in there right mind would want to play in a club if they cant cash there chips.. that's just insane.
12-08-2021 , 03:53 AM
Quote:
Originally Posted by Dream Crusher
That seems really f'ed up. There should have put a non-compete clause in the contract but regardless I couldn't see myself supporting such a predatory business. Guess they got what they deserved in Dallas.
Legends was not started by the original 52 social group. The owner of legend is not part of them, hence there is no way to sue. its just business
12-08-2021 , 11:36 AM
Quote:
Originally Posted by BulltexasATM
If you listen to Matusows podcast Chan is saying this is due to his partner leaving town with the money. His partner was actually the money behind it and decided to pull out. He didn’t steal the money. He quit funding it anymore. Someone else(Chan?) was spending that money and the house of cards collapsed. Now he’s calling anyone and everyone to try and sell the club but once that trust is gone you are done. He’s hoping to find a sucker(Matusow lol) to take it on. Chan used his name but didn’t put much in. He just took out!!!
That's stealing.

His partner(s)? were stealing from the business so then he "cashes out" by taking other player's money?
12-09-2021 , 02:38 AM
Quote:
Originally Posted by Fore
The biggest fear I have is that whether legal or not and whether justified or not, Legend's operation (and others') (I am confident they have at a minimum strayed well beyond the gray area loop hole on these rooms in TX) is going to bring down the whole cottage industry.
Johnny Chan's Social 88 restricting cash outs, stiffing employees, and ultimately steeling players' money, and players getting robbed at gun point after leaving poker clubs - and any other shady behavior that Legends may or may not undertake - is definitely going to bring down the broad daylight poker rooms in Houston. The fact that the last attempt to shut it down a few tears ago ended up being an unsuccessful cluster is not going to deter them after this.
12-09-2021 , 01:30 PM
Word on the street is Johnny C has made a deal to sell 88 and he will no longer be involved. New place expected to reopen in the next two weeks. Stay tuned!
12-09-2021 , 10:42 PM
Quote:
Originally Posted by BulltexasATM
Word on the street is Johnny C has made a deal to sell 88 and he will no longer be involved. New place expected to reopen in the next two weeks. Stay tuned!
Two weeks? I'll call that bluff. Do you know how long it will take to change out all the table tops, and chips? Unless they are keeping the same name which I doubt
12-21-2021 , 12:32 PM
Quote:
Originally Posted by Nissin
Two weeks? I'll call that bluff. Do you know how long it will take to change out all the table tops, and chips? Unless they are keeping the same name which I doubt
My intel was pretty accurate. The new "88" will be opening on December 27th. The new owner is an Indian gentleman named Sanjeev. It will be renamed 101 - Richmond. He signed an agreement with the owner of 101 in Katy to use the 101 name. He owns 100% of it though and it is only a licensing agreement. They are planning to run some joint tournaments. While 101 Katy is still using the "Ping/Rake" model the new 101 Richmond will continue with seat rental/time charge as the old 88 did. What do you say now Nissin?
12-25-2021 , 12:21 AM
Quote:
Originally Posted by BulltexasATM
My intel was pretty accurate. The new "88" will be opening on December 27th. The new owner is an Indian gentleman named Sanjeev. It will be renamed 101 - Richmond. He signed an agreement with the owner of 101 in Katy to use the 101 name. He owns 100% of it though and it is only a licensing agreement. They are planning to run some joint tournaments. While 101 Katy is still using the "Ping/Rake" model the new 101 Richmond will continue with seat rental/time charge as the old 88 did. What do you say now Nissin?
https://www.pokernews.com/news/2021/...-101-40470.htm

Nissin, Was I right or was I right?
12-25-2021 , 11:18 PM
Quote:
Originally Posted by Nissin
Two weeks? I'll call that bluff. Do you know how long it will take to change out all the table tops, and chips? Unless they are keeping the same name which I doubt
About two weeks if you account for Christmas it turns out.

Seriously, the table tops about 3-4 days in a rush if you have the cash and a simple ready to go graphics package. The external signage can be addressed with temporary replacement in under a week.

The chips I don’t know about timing. But since there is at least a limited co-branding with existing room they can likely borrow chips initially if needed. But in reality, the actual time to produce chips is much less than two weeks. Just need a design ready to go and a manufacturer willing to move you to the front of the line.

Regardless of the hurdles less than three weeks is proven possible.
12-30-2021 , 06:38 PM
Quote:
Originally Posted by BulltexasATM
https://www.pokernews.com/news/2021/...-101-40470.htm

Nissin, Was I right or was I right?
Like I said. Changing table tops and chips takes more then 2 weeks. They are using the same johnny Chan 88 chips and tables. That is why it was such a fast turnaround.
12-31-2021 , 01:18 AM
Legends and 101 Richmond (formerly Johnny Chan's 88 Social formerly formerly 52 Social) have been offering cash games free of time charge as of a few days ago, and will be until 2022.

Prime Social has daily NLHE guarantees.

Other rooms like Empire, TCH, and 101 Katy have double board bomb pot tournaments, some guarantees, some "freerolls" with "***guarantees".

Not all rooms require an entry fee. All rooms usually require paying an hourly seat fee.

The 1/3 PLO games will regularly see 300BBs in the middle before the flop.

I really like the 15-30 hilo game (Fixed Limit Big O is what it really is) at Legends.

Share your Houston Poker Club experiences.
01-07-2022 , 12:47 PM
Are there any clubs in Houston that offer regular, low-stakes $1/2 with a $200/$300 buyin? I see a lot of tables in Austin but nothing in Houston.
01-07-2022 , 06:35 PM
I believe Paramount does $1/$2.
01-08-2022 , 09:29 PM
Quote:
Originally Posted by Lynxni
Are there any clubs in Houston that offer regular, low-stakes $1/2 with a $200/$300 buyin? I see a lot of tables in Austin but nothing in Houston.
Paramount spreads only 1/2, $50 min and $300 max to start, its match the stack from there and can get pretty deep later in the evening, at least at the main game. It is also one of the best hourly deals you can get when you buy time in bulk, like $8 and change an hour.
01-10-2022 , 04:22 PM
I played at 52 social in Round Rock TX (Austin area) over the weekend for its grand opening. Moneymaker was brought in a guest to play PLO 1/2/5. It had 8 tables active on Saturday night which is good since the pre-open days there were only 2 tables active at a time. There were actually more PLO games than holdem games for this club.

52 social is different because it has a restaurant/bar that is in the club. I could tell there was several players that drove up from Houston to play in there for the opening weekend. The action for a basic 1/2 NL table was certainly more of a 2/5. Saw people just reload stacks of $500 then lose it all in less than an hour. Also straddling from $5, $10, $20, then $40. They were doing a $6/hr promo for this first starting week. My table didnt have bomb pots even though some players complained for wanting them. I realize there is a love/hate thing with bomb pots, and I just never can enjoy them. It certainly leads to people going all in on draws, but feel it slows the game down and you get less hands in per hour with everyone having to double check the board.

I usually play at The Lodge (which is just on the other side of the highway) but figured I would give this new place a shot. They are integrated into PokerAtlas and they handle rate with prepaid time on your card balance instead of other Austin poker rooms that you prepay 2 hrs first then pay the remainder when your session ends. You can tell some rules are still being figured out. The game I was playing did allow a straddle from the dealer button. Overall the dealers were really good and thought the entire staff did a good job running the cardroom.

It was a very active atmosphere for that Saturday night. Lots of crew working the tables for drinks, chip runners, floor etc. People were certainly getting drunk during play. I certainly some large size pots were developing and some questionable bluffs that got picked off I saw in a few hands. Saw a few people going from stack sizes of $1500 to $0 in a period of 90min. The post flop bets were certainly wild for this session.

You do see different style of play when you compare The Lodge, TCH, Shuffle 512, and then with 52 social. It should be interesting moving forward in 2022 which cardrooms in the Austin area have more players with the different games offered at each.
01-11-2022 , 05:26 PM
Update on 101 Richmond. Not getting any games at all. At best 1 or 2 tables and some nights none. Johnny C. really messed that place up and the new owner is taking a real bath on his investment unless something drastically changes.

      
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