Venetian Stairway to Millions With two tournaments totaling $1.1 million in promised guarantees remaining in the PokerGO Stairway to Millions series at Venetian in Las Vegas, the card room has pulled the plug on both events.
On Sunday, there was expected to be a $25,500 buy-in tournament featuring a $500,000 guaranteed. Those who reached the money would then receive a ticket into Monday’s $51,000 buy-in event, which was to have $600,000 minimum in the pot. Both have been called off despite a few players having won free entries into the Sunday tournament, presumably due to expected overlays.
PokerNews confirmed with Venetian that the two events would not run. A further request for comment went unanswered as of the time of publication.
Many poker players on social media ripped the Las Vegas Strip card room for canceling the tournaments in the middle of the series. The first eight events of the series all surpassed the guarantees. On Friday, however, the $10,400 buy-in tournament ($400 in fees) had just 18 players, meaning the $200,000 guarantee fell $20,000 short. There was $30,000 in overlay — the equivalent of two players — on Saturday in the $15,500 tournament ($300,000 guarantee).
After finishing live updates for Saturday’s event, PokerGO simply wrote: “The Stairway To Millions originally had 12 events on the schedule, but due to decisions made by The Venetian Resort Poker Room, the final two events were canceled.”
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The Stairway to Millions series, a PokerGO Tour event, has a unique format in that every player who cashes automatically advances to the following step. Play was supposed to wrap on Monday with the $50k event.
Paul Zappulla defeated Stephen Song heads-up to win Event #10 for $124,500, which turned out to be the final tournament of the series, however.
Adam Hendrix , who finished runner-up in Event #9 for $37,050, earned a seat into what turned out to be the series finale. During play, he was informed that the guarantees for […]
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