By Matt Kaufman, Rakeback.com Poker News Editor
Earlier this week, the Partouche Poker Tour decided it would not pay layover on a tournament which it had advertised had a €5 million guaranteed prize pool. By the generally accepted standards of running an event, either live or online, the tour owed roughly €700,000 to the prize pool.
Although we didn't expect an update to this story, we're quite glad to have one that benefits players. Today, Patrick Partouche issued a statement saying he WILL, in fact, make good on the tour's guarantee. He won't, however, change his mind on closing the Partouche Poker Tour for good.
"Ever since my somewhat controversial announcement concerning the end of the Partouche Poker Tour, it has come to my attention that there has been a certain amount of disruption in the external media spreading confusion and erroneous information which may have led our players to be convinced of the existence of a guaranteed Prize pool!
Whilst the official rules show clearly that the only guaranteed sum was that of 500 000€ to the overall winner, I do acknowledge that there may have been some misunderstanding caused by the way this event was promoted in the media and the confusion that has since followed.
I have therefore asked the Partouche group to bear the consequences and make up the difference by adding 736 880 Euros to the Prize Pool....!
I have never turned my back on my troops, even through the toughest of times when storms have raged around us. I refuse therefore to accept the resignation that was submitted to me this morning, how true is the expression "anyone who doesn't make mistakes isn't trying hard enough" therefore even those at the very top are not immune to error from time to time.
That being said, I cannot now go back on my word and therefore my decision stands and the PPT will be no more...
Special recognition goes to all of our teams who have worked so tirelessly to put together one of the finest poker tournaments ever...
I would also like to express my sincere thanks to all of you, amateur and professional alike, who have send me messages of support at this time.
Long live Poker and all those who are so passionate about it...
We're quite glad to see a positive outcome to this situation, and we hope other tours take this as a lesson regarding making guarantees they don't plan on following through with!
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