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.