Venetian CEO Poker Tournament Main Event Furor

[markysals11]

lol that is so bad

[ibluffoldladies]

You guys are all crazy to suggest that people involved in poker would try to scam you out of money.

[Quicksilvre]

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Does the waybackmachine store hosted files, or only pages?

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Sometimes. Usually wayback doesn't show pages less than a few months old, and it doesn't always show all files.

[Johnny Hughes]

2500 plus 100 always means 2500 for the prize pool, 100 for the fee, juice, tea, or vig or whatever you call it. At least that is what I always thought it meant.

[PokeReader]

It is what it is supposed to mean, therefore the players assumed it meant that as it is standard industry norm, therefore it was a binding contract. They really have multiple problem it people want to push it. One, individual players could pursue action to receive the vig inexcess of $100 back, and in addition the players that cashed could pursue action to receive to deficit to their amount cashed. In addition, in this structure the company is getting the tax benefit of the tax deduction, but the players' money is being used to fund it. I would bet money that Ms. Gomez' child, or someone' else's high up at this organization was ill, thus the decision that it is fair to force poker player's that may not have much money to contribute 5% of their buy-in to this cause. Believe me, I support research for kids with cancer, I was one, but it must be an actual contribution, not this. I doubt that everyone that works there is forced to contribute 5% of their salary to this cause, but it is fair to force us to contribute. However, no doubt in the future this will become like the site fee, we won't we won't be paying it at all it their minds, we will just get charged the same 5% but it will go to the casino, the casino will pass it back to them, and they will give it to the chairity. I don't think they really get that all their money comes from players.

In politics with have this same thing, the pass-through. If you have a donor who has maxed out to your campaign, and you still want him to contribute, he sends a contribution to the national party or another organization, and then they cut you a check, "passing" the money through. It's essentially money laundering, and doing it to avoid campaign contributions is illegal. I believe that if the 6% that the players paid to the Venetian, illegedly as "staff costs", was the exact amount paid to the CEO Poker Tour for a site fee you could make a case that this was done just to avoid the rule about a non-licensee getting juice from an event. I will wait to see how they reply to this, but if I do not get a reply about whether the 6% was just passed through, with documentation, I believe this could be passed on to the Gaming Board.

[citanul]

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The advertisement I brought with me promised me a free gift bag upon check in. My "gift bag" consisted of one $450 hat.

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fyp.

to the person who doesn't understand why there is a fee for the CEO poker tour, uh, that's their cut, that's pretty understandable that CEO poker tour should get *some* money out of the tournament, and not just the venetian.

not that this whole thing isn't shady as hell anyway.

[KurtSF]

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The advertisement I brought with me promised me a free gift bag upon check in. My "gift bag" consisted of one $450 hat.

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fyp.

to the person who doesn't understand why there is a fee for the CEO poker tour, uh, that's their cut, that's pretty understandable that CEO poker tour should get *some* money out of the tournament, and not just the venetian.

not that this whole thing isn't shady as hell anyway.

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Yeah, but it should be called a $2250 + $200 + $50 or whatever. Indicating that $2250 goes to the prize pool, $200 to the casino/organizers, and $50 to the staff. That's pretty standard.

[PokeReader]

$450 was take out of the prize pool

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18% of the $2500 + 100 was taken out as follows;

4% for the Venetian itself for running the event ($100)
6% for the CEO Poker Tour for sponsoring the event ($150)
3% for Venetian Staff ($75)
5% for CEO Poker Tour Charity ($125)

The total taken out was $450 per player; Can CEO Poker Tour people dispute these exact numbers?

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[eso]

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$450 was take out of the prize pool

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18% of the $2500 + 100 was taken out as follows;

4% for the Venetian itself for running the event ($100)
6% for the CEO Poker Tour for sponsoring the event ($150)
3% for Venetian Staff ($75)
5% for CEO Poker Tour Charity ($125)

The total taken out was $450 per player; Can CEO Poker Tour people dispute these exact numbers?

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This would mean it is a 2150+450 tourney, and so it is actually a 20.9% fee. Extortionate.

[suzzer99]

Hello Matt,



I appreciate you inquiry. I just wanted to let you know that we have been
working with the Venetian and the CEO Poker tournament people since early
this year. We were very grateful that they chose us as the local charity
for the tournament. I have been in touch with Maria Gomez and we are
meeting with the Venetian to recive our check. Everything is very
legitimate, and if you were one of the players that participated we thank
you for your part in the donation as well. We have been in operation since
1993 and have worked with over 3,000 families with children that have been
striken with not Cancer, but other life threatening immunological diseases.
Please go to our website listed below and see all the things we are doing in
this community. The wonderful thing is that the dollars that are raised
through this tournament as well as other events stay right here in this
community and go to the families and the children that need our help. We
work side by side with the medical community in provided services to the
families financially, emotionally, educational, and physcologically.



Once again, thank you for your inquiry, but please rest assured that every
thing is on the up and up and we appreciate so much the efforts of the CEO
Tournament to help us do what we do for the families of this community.
Feel free to call me at any time with any questions that you have.



Jeff



Jeffrey R Gordon

President/CEO

Nevada Childhood Cancer Foundation

6070 South Eastern Ave. #200

Las Vegas, NV 89119

(702) 735-8434 PH.

(702) 735-8421 FX.

(702) 521-6723 CL.

www.nvccf.org

"Embrace the Life of a Child"