Daniel Cates Loses $5 Million Playing Cash in Manila

Cates loses big in Manila, Dwan and Ivey also in big game

The new home of the big game: Ivey, Cates and Dwan have been in Manila playing for silly money. (Image: city-data.com)

Daniel Cates took to Twitter over the weekend to express his mild annoyance at dropping $5 million at the high-stakes cash games taking place in Manila, Philippines.

Said Jungleman12: “Sooo manila didn’t go well, only lost about 38m hkd (5m usd)… Gonna play some 5/10 online and take another shot.”

That’s the spirit Dan, take it in your stride.

Yes, it seems that the fabled big game has relocated to Manila, and it makes sense.

The same Chinese high rollers who once descended on Macau, lured by the prospects of VIP junkets and wild times, are now seeking alternatives, beyond the reach of the meddling government in Beijing.

Big Game Moves Town

Over the past year, Macau has been a focal point of President Xi Jinping’s anti-corruption offensive, an unprecedented crackdown on money-laundering and corrupt officialdom.

Many of the VIPs living large in Macau were crooked Communist Party politicos and bureaucrats, according to the government in Beijing, and so it has clamped down accordingly, squeezing the junket operations and vowing to hunt the perfidious officials to the ends of the earth.

Suitably spooked, VIPs are naturally eschewing Macau for the Philippines, and wherever they go, the big game will follow.

Last week the PokerStars Asia Pacific Poker Tour rolled into Manila.

Speaking to PokerNews at that event was Winfred Wu, poker player and president of the Poker King Club, which, as well as operating a poker room at the Venetian Macau, recently opened a room at the Solaire Resort and Casino in Manila. 

Wu revealed that along with Cates, Phil Ivey and Tom Dwan were at the Poker King Club in the Solaire, playing the biggest cash games Manila had ever seen, HK$20,000/$40,000/$80,000 (that’s approxiimately $2,500/$5,000/$10,000).

Chiller in Manila

And while it seems that things didn’t go too well for Jungleman, at least he had the good grace to broadcast it to the world, because nose-bleeders are usually a little cagey about these kind of details, especially when it comes to astronomical losses.

Still, it’s good to hear that Cates and Dwan are hanging out together, and apparently on speaking terms.

Theirs was a relationship that had become decidedly frosty since the Durrrr-Jungleman challenge fell apart just halfway through, and Cate’s recent assertion that that challenge is ready to be resumed suddenly becomes more plausible.

Cates had become increasingly bitter over what he saw as Dwan’s procrastination in the online 50,000-hand heads-up competition which the pair began exactly five years ago, but he recently took to the forums to announce it was back on and that it should be completed within nine months.

And if a chunk of that $5 million wound up in the chip stack of Tom Dwan in Manila, it might just make the second half of the challenge an entirely more palatable proposition.

Philip Conneller
Written by
Philip Conneller
As part of the team that launched Bluff Magazine back in 2004, and then as Editor of Bluff Europe, Philip Conneller has (probably) written thousands of articles about poker and has travelled the globe interviewing the greatest players in the world, not to mention some of the sexiest celebrities known to man in some of the world’s sexiest destinations. The highlight of his career, however, was asking Phil Ivey (as a joke) how to play jacks, and emerging none-the-wiser. Philip once won $20,000 with 7-2 offsuit. He has been told off for unwittingly playing Elton John’s piano on two separate occasions, on different sides of the Atlantic Ocean. He became a writer because he is a lousy pianist. He lives in London where he spends his time agonizing about Arsenal football club, yet in Wenger he trusts.

Comments

skaterick wrote...

does cates really have $5 million to personally lose ? or is he backed and shared by many partners ?

veltins wrote...

most probably backed by corporates .. no poker Player can boast of loosing 5 millions unless of course just to make more Money from taxreturn as he can Show he has lost the Money.. too fishy

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