Rick, one of the dealers there, was telling me the same thing yesterday. He said there's no official word yet but by all appearances they won't be running one this year.
It might be due to the lackluster participation they had for their last tourney. They were unable to come close to filling up their main tourney after they upped the buy-in to $2000. Even with various satellites.
It might be due to the lackluster participation they had for their last tourney. They were unable to come close to filling up their main tourney after they upped the buy-in to $2000. Even with various satellites.
One of the main beefs I have heard from players is that they were unhappy with money being taken from the prize pool to pay winners of the points race. I kind of agree that someone only playing 1 event shouldn't have to pay into a pool he/she has no chance of winning.
To clarify, it was because the rebuy satellites were not producing enough seats per satellite to fill. And the attendance for the satellites seemed lower due to the buy-in to the main event being higher, and less seats were awarded per satellite.
IMHO, that is a bad business decision. Their Winter Classic in January was the only one of three events in 2007 to completely sell out. They are now thinking of delaying the next CPT event until April, which is less likely to sell out.
The main reasons for the last event selling only half (158/300) of the $2,100 seats are:
- Many poker players in the Ontario area were focused on qualifying for the WPT NAPC event during September-October. It didn't make sense to compete against the WPT in the same month.
- There are not enough Ontario players willing to buy-in for $2,000+ events. The $2,100 T.O.C. at Great Blue Heron Charity Casino this week only sold 35% of the seats (78/220), turning a two-day event into only one day. Just like the winning sharks in this forum, many of the players who have a big enough bankroll prefer playing in the prestigious US events or would rather keep playing online instead of a decent CPT but unknown event.
- High buy-in events need a well-marketed satellite program, such as Fallsview Casino which had almost half (240/504) of the $10K seats won through satellites. Casino Brantford failed to have a website, mailing list, email list, advertising, etc. to properly promote the satellites. It wasn't until a month after the satellites had started that players including me found out about them.
I wish we had more poker tournaments over all in Ontario, there are only a few events and they are all NL-Hold'em. It would be nice to see some well done $300 - $500 events that run a few times a year and consist of different games, much like how they have in California
Comments
It might be due to the lackluster participation they had for their last tourney. They were unable to come close to filling up their main tourney after they upped the buy-in to $2000. Even with various satellites.
Thats the main reason why it wasn't filled.
To clarify, it was because the rebuy satellites were not producing enough seats per satellite to fill. And the attendance for the satellites seemed lower due to the buy-in to the main event being higher, and less seats were awarded per satellite.
The main reasons for the last event selling only half (158/300) of the $2,100 seats are:
- Many poker players in the Ontario area were focused on qualifying for the WPT NAPC event during September-October. It didn't make sense to compete against the WPT in the same month.
- There are not enough Ontario players willing to buy-in for $2,000+ events. The $2,100 T.O.C. at Great Blue Heron Charity Casino this week only sold 35% of the seats (78/220), turning a two-day event into only one day. Just like the winning sharks in this forum, many of the players who have a big enough bankroll prefer playing in the prestigious US events or would rather keep playing online instead of a decent CPT but unknown event.
- High buy-in events need a well-marketed satellite program, such as Fallsview Casino which had almost half (240/504) of the $10K seats won through satellites. Casino Brantford failed to have a website, mailing list, email list, advertising, etc. to properly promote the satellites. It wasn't until a month after the satellites had started that players including me found out about them.
Wanna-be poker consultant