Paul Newey Explained

Paul Newey
Birth Date:1968 9, df=y
Wsop Bracelet Count:0
Wsop Final Tables:1
Wsop Money Finishes:4
Wsop Main Event Best Finish Rank:726th
Wsop Main Event Best Finish Year:2016
Wpt Titles:0
Wpt Final Tables:1
Wpt Money Finishes:1
Ept Titles:0
Ept Final Tables:6
Ept Money Finishes:14
Updated:2018-02-26

Paul Newey (born 6 September 1968) is an English businessman and semi-professional poker player from Dorset, England who co-founded Ocean Finance and later New Wave Ventures.

Career

In 1991, Newey co-founded Ocean Finance, a loan and mortgage business, in Staffordshire, United Kingdom. He sold the company in 2006 and left his CEO position in 2009. He later co-founded New Wave Ventures a privately owned investment fund located at Adam House in London.[1]

Newey has made the Birmingham Post rich list in 2013, 2015 and 2017 ranking 28th, 17th and 20th respectively.[2] [3] At the end of 2017 his net worth was estimated at $335 million.[4]

Gambling

Newey is an avid gambler. On 4 January 2005 Newey nearly broke the bank at Birmingham's Genting Casino Star City where he won £3 million and forced owner Stanley Leisure to issue a profit warning. The casino value declined by 12% as a result of Newey's win.[2] [5] Newey lost his winnings later that month.[6]

In 2014, Newey won four times at the $5,000-a-spin machines in Aria Casino located in Las Vegas for a total of $1.75 million.[7]

Poker

Newey began playing high stakes poker tournaments in 2012 after entering the $1,000,000 Big One for One Drop event at the World Series of Poker. Newey was eliminated without cashing on Day 2 by eventual champion Antonio Esfandiari.[8]

In 2014, Newey again entered the $1,000,000 One Drop event; this time, he finished 7th, earning $1,418,667.[9] Newey has had success in the poker world. As of 2018, Newey has cashed for over $4,800,000.[10]

Newey plays online under the alias "topdoll827".[11]

External links

Notes and References

  1. Web site: Paul Newey: Executive Profile & Biography. bloomberg.com. 26 February 2018.
  2. Web site: Rich List 2013: No.28 - Paul Newey (£230m). Birmingham Post. 28 January 2013. 26 February 2018.
  3. Web site: Rich List 2015: No.17 - Paul Newey. Strachan . Ian. Birmingham Post. 22 January 2015. 26 February 2018.
  4. Web site: Rich List 2017: No.20 - Paul Newey. Strachan . Ian. Birmingham Post. 26 January 2017. 26 February 2018.
  5. Web site: High roller hits casino where it hurts with his £3m jackpot. Walsh . Dominic. Nugent . Helen. thetimes.co.uk. 6 January 2005. 26 February 2018.
  6. Web site: High roller loses his £3m spoils. Osborne . Alistair. Telegraph.co.uk. 27 January 2005. 7 March 2018.
  7. Web site: Green . Jessica . 9 October 2017 . Moment lucky businessman wins £1MILLION on Las Vegas slot machine . 12 February 2020 . BirminghamLive.
  8. Web site: Paul Newey on Diving Straight into the Poker World, Improving, and More. Ryan, Rich. PokerNews. 8 January 2014. 26 February 2018.
  9. Web site: Daniel Colman wins One Drop for $15 million. Tuley, Dave. ESPN.com. 2 July 2014. 26 February 2018.
  10. Web site: Paul Newey's profile on The Hendon Mob . 24 November 2023 . The Hendon Mob Poker Database . en.
  11. Web site: 26 February 2018 . Mega Rich Businessman Paul Newey revealed as "topdoll287" Online . 28 February 2018 . HighstakesDB.