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Boomers Poker Room
BornApril 21, 1978 (age 42)
Loveland, Colorado, U.S.
NationalityAmerican
OccupationEntrepreneur, speaker, author
Molly's Game
Parent(s)Larry Bloom
RelativesJeremy Bloom (brother)
Colby Cohen (cousin)

Molly Bloom (born April 21, 1978) is an American entrepreneur, speaker,[1]author of the 2014 memoir Molly's Game. She had trained for years to become an Olympicskier, but was injured while trying to qualify for the Olympics.

In April 2013, she was charged with running a high-stakes poker game that originated in the Viper Room in Los Angeles, which attracted wealthy people, sports figures, and Hollywood celebrities.[2] In May 2014, after pleading guilty to reduced charges, she was sentenced to one year of probation, a $1,000 fine, and 200 hours of community service.[3] In addition, she was required to forfeit $125,000 in earnings from the games she operated.[3]

A film adaptation of her book, Molly's Game, starring Jessica Chastain and directed by Aaron Sorkin, debuted in December 2017.[4]

Poker

Early life[edit]

Bloom was born on April 21, 1978, and grew up in Loveland, Colorado. Her father, Larry Bloom, is a clinical psychologist and a professor at Colorado State University.[5] Her mother, Char, was a ski and snowboard instructor and a professional fly-fisher with her own line of clothing.[6] Bloom's father is Jewish and her mother is Christian.[7] Her brothers are Jordan Bloom, a surgeon at Massachusetts General Hospital, and Jeremy Bloom, who was an American Olympic skier and professional American football player with the Philadelphia Eagles.[8] She was a competitive skier and at one time ranked third in Nor-Am Cup for women's moguls skiers; she later suffered an injury while trying to qualify for the Olympics.[9] She attended the University of Colorado Boulder, where she graduated summa cum laude with a Bachelor of Arts in Political Science.[10]

Poker game[edit]

In 2004, Bloom moved to Los Angeles and found work as a barmaid. In 2004, Darin Feinstein, one of the co-owners of The Viper Room nightclub, was approached by actor Tobey Maguire about hosting a high-stakes poker game in the basement of the club. Feinstein recruited Bloom to cater to the players and manage the game. In 2007, Bloom started her own business, registering Molly Bloom Inc. as an event and catering company to host poker tournaments.[11] By 2008, the games had graduated to private homes and hotels like the Peninsula Beverly Hills, with hands going as high as $4 million.[12] In addition to Maguire, many wealthy individuals, celebrities and sports figures were known to frequent the games including Leonardo DiCaprio, Alec Gores, Macaulay Culkin, Matt Damon, Ben Affleck, Alex Rodriguez, Nelly, Mary Kate Olsen, Ashley Olsen, Phil Ivey, Rick Salomon and Andy Beal.[13][14][15] The onset of the 2008 recession made underground poker games less common, and in 2009, Bloom moved to an Upper West Side high-rise near Manhattan's Lincoln Center. She began organizing games in a private apartment at the new Astor Place and suites at the Plaza Hotel, which used the same sophisticated dealing equipment used in casinos, and which were staffed by women hired from 1 Oak, an exclusive nightclub. However, Bloom had fewer contacts in New York, where raids on underground games prompted them to relocate to Long Island. As a result of this, Bloom attracted rich businessmen from Wall Street but also more disreputable gamblers whose bids were significantly smaller than those in Los Angeles. In June 2010, Bloom was served with a $116,133 tax lien for failing to pay appropriate taxes on her New York events.[13]

Arrest and sentencing[edit]

In 2011, one of Bloom's games in Los Angeles was shut down as part of a bankruptcy investigation into a Ponzi scheme run by Bradley Ruderman, one of the players.[16] Bloom, who had received money from Ruderman as part of the game, was accused of receiving $473,000 from Ruderman's bank to settle his debts and sued by the bankruptcy trustee for $473,200, but she denied that she was involved in organizing illegal gambling.[16] Bank records showed 19 transfers to Bloom in 2007 and 2008 for amounts up to $57,500.[13]

On April 16, 2013, Bloom was arrested and charged along with 33 others as part of a $100 million money laundering and illegal sports gambling operation.[2]Preet Bharara, the United States Attorney for the Southern District of New York, charged 12 people with racketeering. Others were charged with money laundering, extortion, fraud and operating illegal poker rooms in New York City. Bloom, who was 34 at the time, faced a maximum penalty of 10 years in prison, six years of supervised release, a fine of $1.5 million or twice the amount gained from the crimes or twice the amount lost by victims, and a $200 special assessment.[17][18]

In May 2014, Bloom pleaded guilty to a lesser charge and was sentenced to one year of probation and 200 hours of community service.[19] At the sentencing, Bloom's lawyer, Jim Walden, told the court that Bloom was in severe debt which included forfeiting $125,000 in poker proceeds as part of the plea.[3] He stated that Bloom had 'been ordered into the gambling business' by her boss at a Los Angeles real estate company,[3] then went on to create her own illegal poker game in New York in 2009.[3]

Book and film[edit]

Bloom's memoir about her experiences, Molly's Game, was published in 2014.[20]

A film adaptation of the book, also called Molly's Game, written and directed by Aaron Sorkin, premiered at the Toronto Film Festival on September 8, 2017.[21]Jessica Chastain plays the role of Molly Bloom.[22] The film received a 2018 Academy Award nomination in the category Best Adapted Screenplay.[23]

References[edit]

  1. ^'How to Create An Authentic Customer Experience, According to Poker Entrepreneur Molly Bloom - Business101.com'. Business101.com. 2018-06-19. Retrieved 2018-07-26.
  2. ^ abNancy Dillon; Robert Gearty; Daniel Beekman (April 17, 2013). 'Feds take down high-stakes poker, sports booking ring used by A-list celebs, Wall Street fat cats'. New York Daily News. Retrieved December 19, 2017.
  3. ^ abcdeGregorian, Dareh (May 2, 2014). 'So-called 'Poker Princess,' implicated in $100 million gambling ring, ducks jail time, gets probation'. Daily News. New York, NY.
  4. ^Ray Rahman (August 14, 2017). 'Aaron Sorkin on Directing His First Movie With 'Molly's Game''. Entertainment Weekly. Retrieved December 19, 2017.
  5. ^Nate Day (March 8, 2017). 'New book-to-movie adaptation has connection to daughter of CSU faculty'. Rocky Mountain Collegian. Retrieved December 19, 2017.
  6. ^Charlie Meyers (February 25, 2006). 'Bloom to appear at sports show'. The Denver Post. Retrieved December 19, 2017.
  7. ^Bloom, Nate (November 22, 2017). 'Hollywood's Celebrity Jews - Movies and more'. The Detroit Jewish News. Retrieved May 5, 2018.
  8. ^Pullen, John Patrick (March 2013). 'World-Champion Skier Jeremy Bloom's Unconventional Path to Entrepreneurship'. Entrepreneur. Retrieved December 19, 2017.
  9. ^'Molly Bloom – Cup Standings'. FIS-ski.com. International Ski Federation. Retrieved 7 January 2019.
  10. ^John Wenzel (August 27, 2014). 'Molly Bloom's 'Game' reveals stacked deck of ambition, drama in world of high-stakes poker'. The Denver Post. Retrieved December 19, 2017.
  11. ^Robert Kolker (June 30, 2013). 'Manhattan Fold 'Em'. New York Magazine. Retrieved December 19, 2017.
  12. ^Seth Abramovitch (September 10, 2017). 'Hollywood Flashback: In 2008, Molly Bloom Was Tinseltown's Poker Queen'. The Hollywood Reporter. Retrieved December 19, 2017.
  13. ^ abcHaddon, Heather (July 10, 2011). 'The queen of secret celeb poker'. New York Post. Retrieved December 19, 2017.
  14. ^Italiano, Laura (2018-01-03). 'How the underground 'Poker Princess' managed to school Hollywood bigs'. New York Post. Retrieved 2018-05-04.
  15. ^LandShark (2013-08-08). 'Hollywood's Elite Exposed in Gambling Crackdown, Guilty Plea Entered - PocketFives'. PocketFives. Retrieved 2018-05-04.
  16. ^ abDuke, Alan (June 23, 2011). 'Celebs play high-stakes poker in Beverly Hills hotels, lawsuits say'. CNN. Retrieved December 19, 2017.
  17. ^'Manhattan U.S. Attorney Charges 34 Members and Associates of Two Russian-American Organized Crime Enterprises with Operating International Sportsbooks That Laundered More Than $100 Million'. FBI (Press release). April 16, 2013. Retrieved December 19, 2017.
  18. ^Santora, Marc; Rashbaum, William K. (April 16, 2013). 'Agents Raid Gallery in Carlyle Hotel in Gambling Probe'. The New York Times. Retrieved December 19, 2017.
  19. ^Rich Calder (May 3, 2014). ''Poker princess' gets probation for role in $100M gambling ring'. New York Post. Retrieved December 19, 2017.
  20. ^Bloom, Molly (June 24, 2014). 'Her House of Cards'. Vanity Fair. Retrieved December 19, 2017.
  21. ^Debruge, Peter (September 9, 2017). 'Film Review: 'Molly's Game''. Variety. Retrieved December 19, 2017.
  22. ^''Molly's Game': Film Review TIFF 2017'. The Hollywood Reporter. September 8, 2017. Retrieved December 19, 2017.
  23. ^'Oscar Nominees Writing Adapted Screenplay Nominee'. Retrieved March 14, 2018.

External links[edit]

  • Molly Bloom on IMDb
Retrieved from 'https://en.wikipedia.org/w/index.php?title=Molly_Bloom_(author)&oldid=992999788'

Boomers Poker Room Games

The poker boom was a period between 2003 and 2006,[1] during which poker, primarily no limit Texas hold 'em, but also other variations, became considerably more popular around the world. During the boom years the online poker player pool at least doubled in size every year.[1]

Causes[edit]

The seeds of the boom began in 1998, with the release of the film Rounders[2][3] and the introduction of online poker at Planet Poker.[4] These events built on the occasional telecasts of the World Series of Poker (WSOP) Main Events that were recorded each summer and broadcast later in the year.

Boomers Poker Room Poker

Two specific 2003 triggers completed the launch of the poker boom. In the spring of 2003, the World Poker Tour's inaugural season debuted on the Travel Channel on Americancable television. The impact of the boom was escalated in May 2003, when amateur Chris Moneymaker won the 2003 WSOP Main Event.[5] Moneymaker won his seat via a $86 satellite tournament on the PokerStars online poker room.[6] Moneymaker was one of 839 entrants in the 2003 event, an increase of roughly 200 players from 2002 and almost doubling the 393 competitors that played in 1999. By the next year, the field in the 2004 Main Event more than tripled to 2576 players. By the 2006 Main Event, there were 8773 competitors, some 14 times as many as had entered the last 2002 pre-boom Main Event.

It is also believed[who?] that the NHL lockout of 2004-05, and the subsequent filling of ESPN air time with poker programming influenced the poker boom.[citation needed] Another view holds that the poker boom was a classic speculative bubble.[7]

Decline[edit]

The end of the boom is generally considered to be October 2006, when the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) became law in the United States, and several online poker sites, including the industry leader at the time, Party Poker, left the United States.[8] In the first WSOP following the passage of UIGEA, attendance in the WSOP Main Event dropped nearly 28%, from 8773 in 2006 to 6358 at the 2007 Main Event.

The game today remains much more popular than the pre-boom period, with WSOP Main Event attendance having stabilized near the 2007 level, in part due to higher growth levels internationally.[9][10][11]

Based on the 6685 entries to the July 2011 launch of the 2011 Main Event, it appears that the 'Black Friday' indictments, on April 15, 2011, have not reduced the recent level of poker activity.[improper synthesis?] Three of the biggest online poker sites serving players in the United States had their web domains seized and shut down by U.S. Attorney's Office for the Southern District of New York, which alleged they were in violation of federal bank fraud and money laundering laws.[12] Nevertheless, two of them continue to serve the international player pool, and numerous smaller sites continue to allow U.S. players.

See also[edit]

References[edit]

  1. ^ abSilver, Nate. 'After 'Black Friday,' American Poker Faces Cloudy Future'. FiveThirtyEight. Retrieved 6 August 2017.
  2. ^'Online Poker USA - Play Real Money Poker Games Online at CarbonGaming Poker'. www.carbonpoker.com. Archived from the original on 23 July 2012. Retrieved 6 August 2017.
  3. ^'Poker News - Poker News & Features from Around the World!'. Pokerlistings. Retrieved 6 August 2017.
  4. ^'Pokerpages.com: Is there integrity in online poker?'. Archived from the original on 13 January 2012. Retrieved 6 August 2017.
  5. ^'34th World Series of Poker (WSOP) 2003, World Championship Event: Hendon Mob Poker Database'. pokerdb.thehendonmob.com. Retrieved 6 August 2017.
  6. ^'The Moneymaker Boom that almost wasn't'. PokerStars. 2016-02-16. Retrieved 2018-01-15.
  7. ^kanopiadmin (4 February 2013). 'Monetary Origins of the Poker Bubble'. Retrieved 6 August 2017.
  8. ^'Poker News - History of the Boom Part 4 - PokerListings.com'. Retrieved 6 August 2017.
  9. ^'Poker Boom - A Time of Great Prosperity in Poker'. pokerterms.com. Retrieved 6 August 2017.
  10. ^'Poker News - History of the Boom Part 5 - PokerListings.com'. Retrieved 6 August 2017.
  11. ^'Weekly Online Poker Traffic Update 8/16/2010'. www.pokerscout.com. Retrieved 6 August 2017.
  12. ^Ben Rooney (April 15, 2011). 'Online poker companies indicted for fraud'. CNNMoney.com.

Boomers Poker Room Ideas

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