Reports are circulating that a Texas cardroom that bears back-to-back WSOP Main Event champ Johnny Chan’s name has closed. Many players are unable to cash in the chips they hold…
Anyone seen Johnny Chan around lately? his poker room in Houston locked its doors today, hundreds of thousands in chips can’t get cashed in
— Dan Ross (@HoldemMedia_Dan) December 4, 2021
Johnny Chan’s 88 Social club appears to have shut its doors after weeks of rumour and troubles that have seen a big winter series cancelled, players apparently making a “rush on the bank”, and unverified claims that staff have recently gone unpaid.
People started cashing out from Johnny Chan’s poker club in October
Formerly known as the ‘52 Social’, the Houston cardroom was looking to cash in on the brand name of 1987 and 1988 Main Event champ Chan. He is believed to be a part shareholder in the club.
Although a legal grey area, Texas has seen dozens of cardrooms sprout up in the past few years. Not all of them have an easy time as they vie with rivals and seek to avoid somewhat random “policing” by the Texan authorities.
The first sign that Chan’s club was struggling came seve