Venetian CEO Poker Tournament Main Event Furor - Page 22

stephenNUTS · #**211** 07-14-2007, 08:54 AM

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In addition, CEOs who sign up for the tournament before October 22 will also get free entrance to a poker bootcamp organized by the company, which is scheduled to take place the day before the tournament.

Did you get your bootcamp Steve? Lol.

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I didnt even see that ,as that is pretty funny [img]/images/graemlins/smile.gif[/img]

It is very obvious now, this operation doesnt know squat about poker tournaments,and thought they could pull a fast one on the poker community,with the charity BS,donations,mis-leading # of entrants,press releases,etc. and it backfired on them bigtime!

I would venture to guess,their creditability is BUSTOLA!

~sf

Mama Poker · #**212** 07-14-2007, 12:27 PM

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LOL @ the President of the big-time CEO Poker Tour's email address being at AOL. Who is this person, my mom?

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PFFFT
Not a chance. Mama has gmail.

Mama Poker · #**213** 07-14-2007, 12:54 PM

Serious question..
Can these people take money from a person, write a check to the charity and get the TAX DEDUCTION for themselves?
I alway have a receipt for my donations, shouldn't they be giving and/or offered each player a receipt for the amount paid to the charity?

Mason Malmuth · #**214** 07-14-2007, 04:19 PM

Maria:

I havent read all the posts in this thread, but it sure looks like this tournament had a lot of problems and many of your customers are quite unhappy. The bottom line is that you need to let the players know exactly what a tournament is going to cost, and further, you need to keep that cost reasonable if your organization is going to have any chance of success. Poker players, like most everyone, don't like discovering after the fact that they were charged much more than they thought the cost was going to be.

It's very clear to me that you now have a rocky start to your operation -- I assume this was your first tournament since, to me anyway, you were unheard of before. But if you quickly address these issues and make the costs of your future events transparent and reasonable, perhaps your future can also be good.

Best wishes,

Mason Malmuth

pig4bill · #**215** 07-14-2007, 04:20 PM

[ QUOTE ]
Serious question..
Can these people take money from a person, write a check to the charity and get the TAX DEDUCTION for themselves?
I alway have a receipt for my donations, shouldn't they be giving and/or offered each player a receipt for the amount paid to the charity?

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They did it. The question that remains is if they will get away with it.

doublejoker · #**216** 07-14-2007, 05:11 PM

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Maria:

I havent read all the posts in this thread, but it sure looks like this tournament had a lot of problems and many of your customers are quite unhappy. The bottom line is that you need to let the players know exactly what a tournament is going to cost, and further, you need to keep that cost reasonable if your organization is going to have any chance of success. Poker players, like most everyone, don't like discovering after the fact that they were charged much more than they thought the cost was going to be.

It's very clear to me that you now have a rocky start to your operation -- I assume this was your first tournament since, to me anyway, you were unheard of before. But if you quickly address these issues and make the costs of your future events transparent and reasonable, perhaps your future can also be good.

Best wishes,

Mason Malmuth

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Mason is as always the voice of reason; tell the people up front what they are paying; don't deceptively tack on charge after charge and then try to defend it later as site fees etc.

doublejoker · #**217** 07-14-2007, 05:17 PM

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CEO Poker Challenge Rivals World Series of Poker Tournament While visiting Las Vegas this summer for the World Series of Poker, it will be worthwhile to check out other poker tournaments, such as the CEO Poker Tournament.
The event will be held at the Venetian Casino and Resort from July 2-8, 2007, following the last days before the start of the 2007 World Series of Poker Main Event, which will begin on July 6, 2007.
The event may not be as big as the World Series of Poker Event, but the CEO Poker Challenge winner will take home cash prizes as well as a championship bracelet and trophy.
William Peraza, the Chief Executive Officer of CEO Poker, said that the CEO Poker Challenge is one of the inexpensive bracelet events in Las Vegas this summer with a buy-in starting at $500-$2,500.
Pre-registration for the tournament is every Tuesday at the tournament's official website. The tournament is open to all interested players. The schedule of the tournament will start on July 2, 2007 at 5:00 p.m. with event 1 $500+$50 No-Limit Poker Hold'em Event.
The second day will be held on July 3, 2007 at 11:00 a.m. with the Event 2 $110+$20 Super Satellite Poker Events 5, 6 and 7. The third day will be at 5:00 p.m. of the same day with the Event 2 $500+50 No Limit Hold'em poker tournament.
The fourth day will be held on July 4, 2007 at 11:00 a.m. with $110+$20 Super Satellite to Poker Events 5, 6 and 7. At 5:00 p.m. of the same day, the Event 3 $500+$50.
The fifth day will be held on July 5, 2007 at 11:00 a.m. $110+$20 Super Satellite to Events 5, 6, and 7. At 5:00 p.m., Event 4 $500+$50 No-Limit Hold'em Tournament. The sixth day will be on July 6, 2007 at 5:00 p.m.
Event 5 $1,000+$75 No-Limit Hold'em event. The seventh day will be on July 7, 2007 at 5:00 p.m. Event 6 $1,000+$75 No-Limit Hold'em event. The eight day will be on July 8, 2007 at 5:00 p.m. Event 7 $1,000+$75 No-Limit Hold'em Event.
The ninth day will be on July 9, 2007 at 5:00 p.m. Event 8 $2,500+$100 No-Limit Hold'em event and the tenth day will be on July 10, 2007 at 12:00 noon $2,500+$100 No-Limit Hold'em final poker game.

This was a press release they sent out. These people must have gone to the effort of asking them about the vig, because the score plus of the other releases I went though conviently just had buy-in numbers. However, since in every p.r. they sent out on this they failed to disclose the charity/fundraising aspect of the tournament, and in this one they clearly intentionally misreport juice amounts in exactly the same way they did at the day of the tournament. What I really don't understand is that if they have been doing this all the time, how has it not blow up yet?

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They specifially state in the press releaase the Championship event is $2500 + $100; How was a player to know that the actual juice and "site fees" totalled over $450 per player. $350 x 235 players is a huge amount of money to be unaccounted for.

doublejoker · #**218** 07-14-2007, 05:20 PM

Can anyone access the final results of the $5,000 tourney at the taj? I wonder how much money the 38 players received?

The prize pool should have been $190,000..

Spook · #**219** 07-14-2007, 05:28 PM

MAY 24 - EVENT STATS

Total Entrants: 45
Prize Pool: $155,200.00
Michael Santoro $69,840.00
Charles Minter $38,800.00
Bianco Benedetto $23,280.00
John Agliakoro $15,520.00
Angel Modica $7,760.00

doublejoker · #**220** 07-14-2007, 05:32 PM

i found it. Here are the numbers; they collected $225,000 plus juice from 45 players; here is the breakdown...

EVENT: No-Limit Hold'em Championship Event 6
ROUND: N/A BLINDS: N/A ANTE: N/A PLAYERS LEFT: N/A

BUY-IN $5,000
TOTAL PRIZE POOL $155,200
ENTRIES 45
FINAL RESULTS: May.24 VIEW STANDINGS: May.24
PLACE PLAYER PRIZE/CHIPSPOY POINTS
1Michael Santoro$69,8400
2Charles Minter$38,8000
3Bianco Benedetto$23,2800
4John Aglialoro$15,5200
5Angel Modica$7,7600

There is $70,000 missing????