Venetian CEO Poker Tournament Main Event Furor

[PokeReader]

The fact that they publicly advertised their buy-ins at false price levels puts them on the hook for that at the least. You could not adverstise it as a 2500+100 tourney, even if you had information clearly at the event stating the real vig. It is called a bait and switch, and is a specific scam that is legislated against. I expect that legally all the participants will be entitled to their full buy-ins returned, and I am not sure how the law will treat the shorting of the prize pool, but I would expect restitution would be required there as well. As such, the operators of this company would be irresponsible to not consider immediate restitution of all injured parties.