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Partouche Agrees To Honor 5 Million Guarantee
Friday September 7, 2012 : PARTOUCHE AGREES TO HONOUR GUARANTEE (Update)
Euro 5 million prize pool back on the cards
Patrick Partouche has returned to say that the Partouche Poker Tour (PPT) will now honour the original Euro 5 Million Guarantee but maintains that the tournament currently in play will still be the last.
Following extensive coverage in the media and faced with angry criticism from players, Partouche maintained its "no guarantee" position but said that there had been confusion and "erroneous information" in the external media that had mistakenly given the wrong impression of the size of the prize pool.
The tour's marketing director JJ Ichai will remain with the company despite tendering his resignation over the PR debacle with Partouche saying "he has never turned his back on his troops and that anyone who doesn’t make mistakes isn’t trying hard enough.”.
The group has agreed to cover the Euro 730 000 overlay bringing the total prize pool to the originally committed Euro 5 million.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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