Weekly Poker Roundup: April 16, 2018
PokerStars Introduces Early Payout Tournaments
In addition to launching Split Hold’em recently, PokerStars also implemented Early Payout Tournaments across much of its multi-table tournament schedule. The concept of Early Payout Tournaments is fairly straightforward: once the tournament hits the money, everyone still alive receives the minimum cash right away. Once a player is eliminated or wins the tournament, the remainder the prize due to that player is paid out.
For example, if the money starts at 220th place and the minimum payout is $100, the final 220 players each get paid $100 as soon as that 221st finisher is eliminated. When players get their payment when their time in the tournament ends, they get the prize less the $100 they already received.
PokerStars is selling this is an opportunity for players to be able to have access to their money as soon as possible so that they can enter more tournaments or cash games without having to wait. What players are in that much of a hurry to get into another game and have no money left is beyond me, but hey, it’s a feature.
Eric Danis Tabbed President of GPI, Hendon Mob
The Global Poker Index (GPI) announced that Eric Danis has been named the President of the GPI and the Hendon Mob Poker Database after having served as Head of Poker Content since 2013.
In a press release, Alexandre Dreyfus, CEO if the GPI and Hendon Mob’s parent company, Mediarex, said, “Eric has been instrumental in building the GPI and THM to the global powerhouses that they are today. I’m delighted that he will now lead operations, ensuring that both GPI and THM continue to be a recognised authority in the world of poker.”
“I’m really excited to start a new chapter in my poker career, continuing to work on exciting projects with an amazing team. Our vision will continue to focus on being the reference for live tournament poker while providing entertainment to all poker fans,” Danis said.
Danis recently won the Jury Prize at the fourth annual American Poker Awards, which is hosted by the Global Poker Index.
Las Vegas Westgate Gives Last Minute Players Steep Discount at HPT Main Event
Controversy hit the Heartland Poker Tour last weekend as some people were able to enter the $1,650 Main Event at the Westgate Las Vegas Resort & Casino at a discount just before registration ended.
The tournament had a $500,000 guaranteed prize pool and about an hour before late registration closed, HPT Tournament Director Jeremy Smith tweeted that there were only about 300 registrations, creating an overlay of $69,000; he was encouraging people to go play and take advantage of the situation. Shortly thereafter – and according to Smith, without his authorization – vlogger Tim Watts tweeted out that if people wanted to play in the tourney for only $850, they could send him a message and he’d hook them up. According to some poker players at the venue, there was a similar announcement made at the Westgate sportsbook.
After that, some people did get to enter the tournament for nearly half price. The process apparently involved finding the right person at the Westgate and making the signup and monetary transaction somewhere away from the cage.
The Westgate claimed that the deal was for “select VIP,” but reports from those who took the casino up on its offer noted it was clearly for anyone who heard about it. The poker community, in general, is furious that some players were able to play at a discount as the Westgate was desperately trying to avoid paying the overlay.
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