Venetian CEO Poker Tournament Main Event Furor

[doublejoker]

A near riot broke out when a few of the players at the Venetian CEO Poker tournament learned that almost $500 was taken out of each persons $2600 main event entry fee. There was a long line to sign up. Players signed a release that if they win they will allow the CEO Poker Tour to use their likeness in advertising etc. The entry card says the typical $2500 + $100 for a total of $2600. It is the same layout as those used at the WSOP. What they didnt tell everone was the following: First, Everyone is charged $100 for the house (4%); Next, an additional 6% is taken out for the CEO Poker Tour itself; Next, an additional 3% is taken out for Venetian staff; Finally an additional 5% is taken out for a charity designated by the CEO Poker Tour. It took a lot of searching, but in the fine print of the Structure sheet one player found the charity 5% information. JC Alvarado, who was doing pretty well when I busted out about 2:30 AM asked, can players deduct the amount they are giving to the charity? No one knew the answer to this question, or what the CEO poker tour charged an additional 6% fee for. The total juice was a staggering 18% on a $2500 buy in event. The Venetian wouldnt even give the players a $10 food coupon at the Dinner break; stating those are only for the $1000 tournaments at noon. Many of the players said they would not have entered if they knew about the 18% juice; others said they would never play in a future CEO Poker Tournament without knowing exactly what they were taking out of the prizepool.

[doublejoker]

Does anyone have the list for the final few tables?

[shaniac]

Come on, did a near-riot really break out or did that just happen in your mind?

[doublejoker]

Two players at one table were screaming at the tournaament guy. Then other players got involved from other tables. No one could believe it. The tournament guy was saying you want to take money from sick children? The whole thing was underhanded to charge people $500 without even a clue they were paying more than $100. "riot" may be overexaggerating.

[thepokerace1]

I was there, and it wasnt a furor. Played in most of the events and had a great time. Great bunch of players. Didnt cash but will next time. Want to win Chairman of Poker.

[doublejoker]

youre happy with 18% juice?? What a Stepford.....

[betgo]

Was in line to play this, but someone was talking about the fine print charges, so I left.

[doublejoker]

You Shouldnt have to read fine print to play in a poker tournament

[RoundTower]

this tournament was one of the best tournaments I have played. But 18% is ridiculous -- I like most other players thought I was getting a great deal on $2500 + $100 vig.

[BigBuffet]

[ QUOTE ]
Come on, did a near-riot really break out or did that just happen in your mind?

[/ QUOTE ]

I heard that the cocktail waitress on perpetual X calmed everyone down [img]/images/graemlins/laugh.gif[/img]