Re: The WSOP does not endorse tournament deals on a liability issue (W
Harrahs, I am sure, will fill out the necessary tax form, (I believe it is 5754) if you want to chop your wins.
The other issue here, and it is important, is the 'truth in advertising' issue.
Whether you agree with it or not, if HET puts out a prize pool based on specific amounts, and the events are filmed or televised, they may feel bound the pay that out.
The answer is then simple - 'If you want to divide the money, we don't care. We are obligated to pay out what we advertised and that is waht we are paying.'
What's more, I played an event at Caesars (HET property) and we were able to chop the cash no problem.
WSOP, with the additional TV element and potential IRS scrutiny, may simply adopt a 'pay as it states' policy.
NickMPK is on to something, and I wouldn't be comparing other tournaments to HET.
Finally, for one to say ' Although this is my only personal experience with this I've heard that chops in Vegas tournaments are very common and had the impression that the casino normally supports and assists as needed' is a little ignorant.
The standard line is usually 'We don't talk about chops until a player/players ask for them.'
Casinos are neutral, and rightfully so, on chopping and dealmaking.
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