About Crandell Addington
If you dig down deep into the roots of poker in the United States, you'll find yourself in Texas.
The game may have been played elsewhere, but in the early days the toughest games in the world could only be found in the Lone Star State. So it's no surprise many of poker's legends cropped up there.
Included among them: Crandell Addington, one of the founders of the World Series of Poker (WSOP).
Addington - also known as "Dandy" because he was always well-dressed in a suit - played the poker circuit in Texas during the 1960s. He quickly worked his way to the top of the moneymaking list and in 1969 he won the Texas Gamblers Convention in Reno, Nevada. And it was then and there he and the other players came up with the idea for the WSOP.
By the time he was actually making final tables at the WSOP during the 1970s, Addington was already making millions. He'd invested some of his earlier poker winnings in the real estate business and in Texas oil, so playing poker wasn't about the money anymore, but about the fun of the game.
And what a good time he had. Almost every year from 1972 to 1979, Addington made the final table of the WSOP Main Event. And while he never quite reached first place, he came exceptionally close with two second-place finishes during those years - once in 1974 when he lost to Johnny Moss and again in 1978 when he lost to Bobby Baldwin. Addington also has two fourth-place WSOP Main Event finishes under his belt, one in 1972 and one in 1976, as well as one third-place finish in 1975.
With a record like that, it's not hard to believe Crandell surpassed fellow legends Doyle Brunson and Johnny Moss to take the most WSOP Main Event final table finishes in history when he claimed his eighth top ten finish in 1983. Moss, now deceased, and Brunson both have six.
Despite his successes at the green felt, Crandell gave up professional poker shortly after his tenth-place final table finish at the 1983 WSOP Main Event, though many of his comrades were still deep in the poker world. Addington, however, had had his fill of professional poker and chose to put his degree in economics and accounting from Southwestern University in Georgetown, Texas, to work for him
So he immersed himself fully in the business world. Over the course of 40 years during and after his poker career, he founded or operated several successful enterprises ranging from chemical manufacturing to oil and gas exploration, development, and production.
Addington took another shot at the WSOP in 2005 when he returned to Vegas to be inducted into the Poker Hall of Fame. He didn't do nearly as well as his run in the 1970s, but it cannot be denied his poker skills have helped him continue to succeed outside of poker.
He is once again trusting his instincts and placing a bet on the future of humans rather than on a poker hand with his current company, Phoenix Biotechnology. He's the president, CEO, chairman and director of the company, which is focused on research efforts to develop products to treat cancer.