The International Stadiums Poker Tour has come under fire for allegedly trying to back out of its claim of a €20 million guarantee for its London event. The tour organizers, however, claim the guarantee is safe.
The International Stadiums Poker Tour has come under new fire after the tour's organizers allegedly have tried to back out of the original claim of a €20 million guarantee for the inaugural London event.
The guarantee is the biggest ever offered for a live poker tournament
, and has been instrumental in creating publicity for the ambitious project.
The concept has been criticized for being unrealistic and overly ambitious, with many claiming that the tour organizers will never be able to drum up enough interest for event to fly.
This weekend, some of these skeptical voices gained new fuel for their fire after the ISPT removed the word "guarantee" from its website.
A press release sent out yesterday also avoided the use of the word, instead saying that "organizers are expecting a huge turnout and an overall prize pool of approximately €20 million."
The tour's organizers, however, continue to claim that the money for the event is indeed still there.
Newly appointed ISPT representative in the UK, Stephen McClean, according to Pokerlistings
said that the guarantee was "rock solid" last week, and he has now added that Prosper Masqualier - one of the founders of the tour - has ensured the guarantee is currently in escrow.
However, no further details will be given before another press conference, scheduled to take place on September 3.