Paul Phua

Last updated

Paul Phua
Residence Macau
BornWei Seng Phua
(1964-04-29) 29 April 1964 (age 60)
Miri, Malaysia
World Series of Poker
Final table(s)1
Money finish(es)1
World Poker Tour
Final table(s)1
Money finish(es)1
European Poker Tour
Final table(s)1
Money finish(es)1
Information accurate as of 26 February 2018.

Wei Seng "Paul" Phua (born 29 April 1964) is a Malaysian businessman and nosebleed-stakes poker player. Phua is a casino VIP junket operator who regularly hosts high stakes gambling in Macau. Phua has been called "A Legend in the Gambling World" and the "World's Biggest Bookmaker"(IBCBET). [1] [2]

Contents

Early life

Phua was born in 1964 in Miri, Malaysia, a coastal city in northeastern Sarawak.

As a child, he had a passion for sports, he played badminton, football, basketball, softball and table tennis.

At the age of 15, Phua was sent to attend school in Singapore. There, he played bowling before becoming involved in the Macau casino junket business.

Career

Phua has a career as a VIP junket operator in Macau and was an ambassador for San Marino to Montenegro. [2]

In 2006, he worked with Steve Wynn who opened Wynn Macau and expanded Wynn's business.

He regularly hosts high stakes gambling where he allegedly built up a net worth of USD$10 billion. [3]

Poker

Phua did not start playing Texas hold 'em until he was in his 40s.

In 2010, when Las Vegas high stakes cash games began moving to Macau, players such as Tom Dwan, Phil Ivey, Chau Giang, Patrik Antonius and John Juanda started playing there.

By 2011, other professional poker players had joined the games in Macau. [4] Phua played and learned from these players. In 2012, Phua entered the 2012 World Series of Poker $1,000,000 Big One for One Drop event. [5]

In 2012, Phua won the Aspers £100K High Roller in London after defeating Richard Yong in heads up play, earning him his largest cash of $1,621,297. [1] In 2016, he won One Drop Extravaganza €100,000 Super High Roller after defeating Mikita Badziakouski in heads-up play, earning $827,722 in the process. [6]

During a cash game at the 2014 Aussie Millions, Phua was involved in a AUD$991,000 pot against fellow Macau poker player, Lo Shing Fung. Fung (8♣ 7♣) put Phua (10♠ 10♣) all in on the turn with the board reading 2♦ 9♥ 10♦ 6♣. The two elected to run the board only once, the river came the A♥, giving Fung the pot with his turned straight. [7]

In September 2018, Phua was involved in what was the biggest televised cash game pot at the time, winning $2.35 million against Tom Dwan. [8]

On 8 August 2019, Paul Phua finished second at Triton Series 2019 £100,000 Tournament and won £2,558,305. [9]

As of 2024, Paul Phua's total live tournament cashes exceed $29,900,000. [10]

Paul Phua Poker

In 2016, Phua started his own poker strategy website Paul Phua Poker. Players such as Phil Ivey, Timofey Kuznetsov, Dan Colman, Daniel Cates, Tom Dwan, Sam Trickett, Lauren Roberts and others have contributed videos and tips for the site. [11] The site also promotes six-plus hold 'em, a newer variation of Texas hold 'em where the cards valued 2 through 5 are removed.

Phua is close personal friends with many of these stars who often give interviews on his YouTube channel. He has the closest relationship with Tom Dwan.

Personal life

Phua and his son Darren Wai Kit Phua both play poker. He currently resides in Macau. In July 2014, Paul Phua was arrested by the FBI on charges of handling close to $400 million in illegal sports betting. The US Department of Justice also alleged that Phua was a senior member of the Hong Kong 14K triad. However, U.S. District Judge Andrew Gordon ruled that the FBI's raid of Phua's villa at Caesar's Palace was unconstitional, and the case against him was dismissed in June 2015. [12]

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References

  1. 1 2 Forrest, Brett (12 November 2015). "From The Mag: How the world's biggest bookie was snared at last year's WSOP -- and walked a free man". ESPN.com. Retrieved 26 February 2018.
  2. 1 2 Sim, Johannan (1 September 2015). "Meet Malaysia's 'God of Gambler', Paul Phua [Update]". CILISOS.my. Retrieved 26 February 2018.
  3. ↑ "Malaysian believed to have made millions from high-stake poker games". The Star Online. 14 July 2014. Retrieved 26 February 2018.
  4. ↑ Holloway, Chad (5 December 2011). "Big Game in Macau: Antonius Welcome, Hall Speaks, & Trickett Up $1.8 Million". PokerNews. Retrieved 26 February 2018.
  5. ↑ Holloway, Chad (25 October 2012). "Deconstructing the Macau High-Stakes Cash Games". PokerNews. Retrieved 26 February 2018.
  6. ↑ Fast, Erik (17 October 2016). "Paul Phua Wins 2016 One Drop Extravaganza €100,000 Super High Roller". cardplayer.com. Retrieved 26 February 2018.
  7. ↑ Pempus, Brian (15 September 2014). "WATCH: Crazy $1M Poker Cash Game Hand". Card Player. Retrieved 26 February 2018.
  8. ↑ "Paul Phua's Life: Biggest Profits, Losses and Net Worth". Somuchpoker. 26 March 2020. Retrieved 28 September 2020.
  9. ↑ "Triton Poker Super High Roller Series London, No Limit Hold'em - Triton London Main Event (Event #5)". The Hendon Mob. Retrieved 31 March 2024.
  10. ↑ "Paul Phua's profile on The Hendon Mob". The Hendon Mob Poker Database. Retrieved 24 December 2023.
  11. ↑ "Phil Ivey In Conversation With Paul Phua". HighstakesDB. 26 April 2017. Archived from the original on 26 February 2018. Retrieved 26 February 2018.
  12. ↑ Forrest, Brett (12 November 2015). "How the world's biggest bookie was snared at last year's WSOP -- and walked a free man". ESPN. Retrieved 17 May 2024.
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