On today’s edition of the Daily Deal, Barney Frank may step down as Financial Services Committee Chairman; the World Poker Tour and Fox Sports Net extend a partnership; and Gus “The Great Dane” Hansen gets taken to the cleaners by Phil Ivey and Cole South.

Hello, I’m Sean Gibson and welcome to the Daily Deal by Poker News Daily.

In November, the United States will hold its general elections. On Capitol Hill, the entire House of Representatives and one-third of the Senate will be determined. If after the elections Republicans gain control of the House, then Congressman Barney Frank’s time as the Financial Services Committee Chairman may come to an end, and in the worst case scenario he would be replaced by notoriously anti-gaming Congressman Spencer Bachus.

Frank has been one of the strongest supporters of the legalization of online poker and he is currently promoting HR 2267, the Internet Gambling Regulation, Consumer Protection, and Enforcement Act. The bill was marked up in the Financial Services Committee in late July and has received the support of seventy co-sponsors. Frank has been in the House since 1980 and served as the Financial Services Committee Chairman since 2007.

The World Poker Tour and Fox Sports Net announced this week that they will continue their broadcast and promotional relationship, settling on an agreement that will stretch until 2013. The World Poker Tour’s ninth Season will begin airing in January two thousand eleven, starting with the Bellagio Cup.

The broadcast will have several improvements, including new anchor Kimberly Lansing and the introduction of the beautiful Royal Flush Girls. Season nine will also debut a yet-to-be-named new analyst who will host a recurring segment called “The Raw Deal.”

New World Poker Tour CEO Steve Heller said: “This season promises to be unlike any previous incarnations of the WPT … The shows will be faster-paced and edgier, featuring the biggest names in poker mixing it up with more up-and-coming stars, pre-final table action, and, as always, poker’s greatest and most recognizable play-by-play commentary team of Mike Sexton and Vince Van Patten.”

HighStakesDB.com has reported that hyper-aggressive pro Gus Hansen lost over one million dollars last Sunday… to just two opponents.

Cole South of CardRunners fame and eight-time World Series of Poker bracelet winner Phil Ivey took Hansen for more than one point one million dollars, almost half of the “Great Dane’s” net losses on the year. HighStakesDB – which tracks the action at high-stakes online poker tables – reported that Hansen’s losses Sunday came primarily in two and four thousand Fixed Limit Omaha Hi-Lo. He lost nearly $400,000 to Ivey in that game along with $99,000 to South, and an additional three hundred and thirty five thousand in Omaha Eight or Better when it was part of a Seven Game rotation.

All told, Hansen is down $2.3 million dollars for this year, while Ivey has cashed $3.5 million on online play. South is up eighty thousand due to a recent downswing.

Guess we should be asking for holiday gifts from Ivey, South and Jungleman this year!

Thanks for watching The Daily Deal once again, and as always be sure to bookmark Poker News Daily for the latest in poker news. Be sure to add us to your twitter feed at http://twitter.com/pokernewsdaily. I’m Sean Gibson and may the flop be with you!

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