Venetian CEO Poker Tournament Main Event Furor - Page 4

PokeReader · #31 07-11-2007, 11:23 AM

I think the smart thing for them to do, being new players, would be to at least give back the 5% charity vig. This would at least tell players they are making an attempt to make this right. I'm sorry but this is a business, not a charitable organization. Set up a charity for this group, raise money, fine. However, people who do business with you should not be essentially taxed to support your own personal charity. This needs to be an entirely separate financial endeavor for this woman. I'm glad she's supporting charity, I work in not for profit fundraising myself, (though not charitable), but tournament poker players have enough trouble financially without people's pet causes taking a chunk out of the pot as well. 18%, unbelievable!

BigBuffet · #32 07-11-2007, 12:07 PM

I wasn't in that event, but if anyone has complaints they should email the Venetian itself.

Venetian's Deepstack events were great and I would think they would want to keep their increasingly positive tournament reputation intact. Therefore they would jump on this fiasco since it impinges on them...

ericicecream · #33 07-11-2007, 12:14 PM

[ QUOTE ]
We will be reducing cost going forward and we will not be including a charity component. The charity component was promoted on the website and detailed in the structure rules and regulations. However, if we decide to go the charity route in the future, CEO POKER will make the donation directly to the charity and not involve the players.

Thank you for your comments.
Maria
CEOPOKER

[/ QUOTE ]

You are off my list. I would never play one of your events.

It's a simple concept, "Let the players know in advance how much of their cash they hand over actually goes into the prize pool"

Not only did yopu not do that, but you continue to try to hide this in your responses.

Think "snake"

Bdidd · #34 07-11-2007, 12:19 PM

LOL, arguingwithfakeCEOaments

Spook · #35 07-11-2007, 12:37 PM

On their website, they do say they take 9 (Nine) percent of the prize pool for Venetian staff. I couldn't find anything about charity, so a link would be great.

Also, a breakdown of why the staff percentage is so very high will also be needed.

pig4bill · #36 07-11-2007, 02:29 PM

[ QUOTE ]
[ QUOTE ]
One of which being the one who said he would be happy paying 18% because he wanted to be the "CEO of Poker".

[/ QUOTE ]

I'd pay 19%!

[/ QUOTE ]

Do they get a 100 million dollar golden parachute like all the other CEO's? I wanna be CEO too.

Mondogarage · #37 07-11-2007, 02:36 PM

[ QUOTE ]
Mr. Friedman,

The charity component raised badly needed funds for the children of Nevada and will help a VERY special group that is not always remembered or considered by many.

Maria Gomez
President
CEO POKER TOUR

[/ QUOTE ]

Am I the only one who immediately read VERY special group to be ceopoker1's kids? [img]/images/graemlins/shocked.gif[/img]

Given the shocking nature of this vig, I think giving the full name of the actual charity, at this point, is more than appropriate.

PokeReader · #38 07-11-2007, 02:49 PM

They do not take out nine percent for the staff. This is getting seriously shady. They take out 3 percent for the staff, then they take out 6 percent for the CEO tour, as the casino fee. However, instead of the casino paying it, it seems the players are. What is super shady is that on the web site they were disguising this as money going to the staff, when it wasn't. I want to know what is going on here now.

ceopoker1 · #39 07-11-2007, 02:59 PM

It is actually an extremely good charity, the Nevada Childhood Cancer Foundation. You can read more about them at the following link: http://www.nvccf.org/camp.htm

I encourage you to visit the website and see how they use their donation to better the lives of children with cancer,AIDS, hemophilia, sickle cell disease and other immunological disorders.

Maria Gomez
CEO POKER

PokeReader · #40 07-11-2007, 03:10 PM

Maria, can you please address the fact that the website stated that 9% was being witheld for staff? Isn't this completely incorrect? Did you know it was incorrect when it was put on the website? Can you please address that neither the website, nor the tournment site had acurate information on the tournment vig and where it was going to? Since players were totally unaware they were "donating" 5% of their buyins to this charity, shouldn't you allow players the choice of donating or not as they choose? Why is the "casino fee" coming out of the players money? This should be a completely separate issue from the prize pool. This is really not a casino fee at all, just another exorbinate piece of vig at the players' expense. Please respond.