How the hell can a non-licensee get juice from an event in LV ?
 

This seems a pretty clear violation of gaming regulations, sharing revenue by a licensee, the Venetian, with a non-licensee, the CEO Poker Tour.

Even the WPT never crossed that line so blatantly.

I would strongly urge a complaint to the Gaming Control Board by anyone who wants his $500 back.

Re: How the hell can a non-licensee get juice from an event in LV ?
 

Mr. Friedman,

I am the President of CEO POKER TOUR, and I can assure you that as required by the Gaming Commission, we do not take a percentage of the buy-in, we are provided a flat fee for holding the event at the Venetian, just like a WPT, or other tournament.

The charity was approved by the Gaming Commission to receive a percentage of the buy-in, and a percentage of the buy-in went to Venetian.

I want to make sure that rumors do not start on the Internet that are not true about CEO POKER TOUR or the Venetian.

The CEO POKER TOUR co. abides by all gaming rules and regulations. We pride ourselves on holding successfull events and try to give back to the players as much as possible.

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.

I hope that this response addresses your concerns and if you have any additional comments that you would like to send on directly to me please feel free to email ceopokertour@aol.com.

Have a great night.

Maria Gomez
President
CEO POKER TOUR

Re: How the hell can a non-licensee get juice from an event in LV ?
 

[ QUOTE ]

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.


[/ QUOTE ]

Is Nevada that bad these days?

Re: How the hell can a non-licensee get juice from an event in LV ?
 

Ok I always thought at tournaments that the part the house took out was the + part so in $2500 + $100, the $100 is for the house.


Is this how it's done or have I been stupid for not reading the fine print all these years. At the WSOP ME it is $9700 + $300. Is the house getting more than $300 per person? If so what the hell is the $300? I guess sometimes I thought they took an addition like 1-2% for the dealers but that was it. Ie the casinos got the $300 and the dealers 1-2% or something.

But maybe I'm wrong.

I'm glad my brother didn't play the tournament. They have great structures but they need to be more above board in their dealings.

I played one of the $1k events. How much did I donate to the CEO above?

Re: How the hell can a non-licensee get juice from an event in LV ?
 

Hi Maria,

at the line to sign up for tourneys at the Venetian, there was a board advertising the CEO poker tour. It listed the main event as $2500 + $100 (someone with a ballpoint pen had changed it from $2500 + 120).

I hope you can see why the players have concerns over this false advertising. Please comment on this.

Re: Board edit
 

This was an error on our part that we immediately caught the morning of the event, and was changed as soon as we found the mistake. It is exactly as you stated the poster read ($2,500 + $120) but should have been ($2,500 + $100) and we immediately changed the poster to benefit the player. We didnt increase the registration, we brought it down. ALL structure sheets were correct. ALL other print ads were correct, just the poster was not correct.

Let me know if you need any other clarification.

Great board by the way.

Have a good night.

Maria
CEO POKER

Re: Board edit
 

[ QUOTE ]
This was an error on our part that we immediately caught the morning of the event, and was changed as soon as we found the mistake. It is exactly as you stated the poster read ($2,500 + $120) but should have been ($2,500 + $100) and we immediately changed the poster to benefit the player. We didnt increase the registration, we brought it down. ALL structure sheets were correct. ALL other print ads were correct, just the poster was not correct.

Let me know if you need any other clarification.

Great board by the way.

Have a good night.

Maria
CEO POKER

[/ QUOTE ]

wow, are you for real?

Re: Board edit
 

Maria,
You need to advertise the 500. Since all of this money is going to the Venetician, it is all vig to the player and must be advertised as such. I will advise you that this is completely non-competetive, and unless you are able to reduce these cost you will not be able to get players in the future. It is also completely unfair to force players to contribute to a charity when they did not know they were playing in something that was partitially a charity tournament, and didn't know what the charity was. I will tell you that even in charity poker tournaments it is usual that the players have the option to contribute, it is not mandatory. Get a poker person on staff.

Re: Board edit
 

I was sure those bs accounts that were clearly made to push CEO poker would be on by now. Gee, you set it up, make it obvious they're not real accounts, then you still don't use them when people are critizing you tourney except the one post. Weird.

Re: Board edit
 

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