Monday, March 10, 2008

The debacle that was the Asian Poker Championships

Just to be clear on what really happened. The organizers of the APC, Boom events of Singapore agreed to have free seats to be given away provided that they put in the money for the seats. A few days before the event was to take place, they reneged on their commitment and instead of putting in the cash they tried putting in seats to their event in Korea equivalent to the money the pot was short.

PAGCOR and Metro Asia did their part in the agreements to help Boom with their event and were in good faith going into the understanding for the event. In the interest of the players that we're not being given the tournament they signed up for, we canceled the event. Boom's decision not to honor its commitment was in bad faith and is disheartening.

Where we are now is that we (the players, PAGCOR and Metro Asia) has given Boom until this Friday to do right by the players and offer a fair settlement for the players, outside that happening, we are exploring legal avenues.

Will keep you posted on the latest.