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Venetian Slot Tournament 2019

Valerie Cross
  1. If you are a slot tournament fan then Las Vegas is the place to be. In this section we list the casinos in Las Vegas. If you are looking for tournament schedules then see our Las Vegas Tournaments section where we list all of the upcoming tournaments at the casinos listed below.
  2. PokerNews editor Mo Nuwwarah gives his take on the community's response to Venetian's recent uncapped rake poker tournament, which met its $150K guarantee. 2019 Mo Nuwwarah.

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The Venetian Poker Room has been home to popular DeepStacks Series offering big guarantees that draw players from near and far.

Now, the Venetian is set to host a new series intended for a different crowd of poker players, and the regulars are up in arms over the capped prize pool found in the fine print.

Venetian slot tournament 2019 bracket

In the Venetian's upcoming $225,000 Lucky Shot Poker Series & Drawing, scheduled for Oct. 21-27, there are seven poker events slated, highlighted by a $250 buy-in no-limit hold’em tournament with six flights and $150,000 guaranteed. The series concludes with a drawing wherein $52,000 will be doled out to participants who earn one entry for each $250 they contribute in tournament buy-ins during the series.

Capped Prize Pool, Uncapped Rake

The fine print of the structure sheets for the series reveals a major difference that has poker players enraged on Twitter, and it involves an unprecedented rake and prize pool system.

“100% of all funds collected will go to meet the $150,000 Total Prize Pool. Any funds collected above and beyond the total prize pool will be the sole property of The Venetian Poker Room.”

“The $225,000 Lucky Shot Poker Series and Drawing is a new poker series catering to a player who likes promotions and drawings.'

The stipulation appears to indicate that the posted guarantee is not to be exceeded. That is, whether they get 600 or 900 total entries, the prize pool remains the same. At 600 entries, there would be a $150,000 rake-free prize pool.

As poker player and vlogger Jeff 'Boski' Sluzinski pointed out on Twitter, 750 entries would equate to Venetian’s typical $200+$50 rake while the rake percentage would go up from there. At 900 entries, the rake from each entry would equate to 33% and if they got up to 1,200 entries, half of the buy-ins would be going to the house.

'Catering to a Player Who Likes Promotions'

The new series appears to be modeled off of promotional slot and table game tournaments, where there is a set prize pool put up by the house. PokerNews reached out to the Venetian Poker Room for comment and received the following from a Venetian spokesperson:

“The $225,000 Lucky Shot Poker Series and Drawing is a new poker series catering to a player who likes promotions and drawings. It is designed to have a lower buy in, but still guarantees $225,000 in total prizes that includes a drawing, providing two ways to win.”

The drawing portion moreover reduces the skill needed to be a winner in the event, thus clearly catering to the more amateur and recreational player. For these players, the idea of being entered into a drawing for $52,000 in cash may be a more than fair consolation for any additional rake collected. Venetian's PR spokesperson compared the series to table and slot tournaments, which are generally run as freerolls.

“100% of all funds collected will go to meet the $150,000 Total Prize Pool. Any funds collected above and beyond the total prize pool will be the sole property of The Venetian Poker Room.”

“The tournament [series] is designed so that the Venetian funds $225,000 in total prizes, regardless of how many players join. This is similar to how other table and slot tournaments are conducted.”

The big difference between say blackjack or slot tournaments and the Lucky Shot poker tournament is the former are generally invite-only freerolls with set prizes for top finishers, a kind of “rakeback,” if you will, that doubles as a method to get high-value customers in the door.

In the poker tournament, however, players still put up the traditional buy-in to participate, knowing that the prize pool will not be more than $150,000 no matter how many entries are collected.

The worry among poker players, even those planning not to participate, is that most will register without knowing what percentage of their buy-in will go to the prize pool and what percent will be going to the house.

For Venetian's target customer, this may be of little concern.

Players Respond

In the TwoPlusTwo forum regarding the event, players joined in on rebuking such an event structure, with some players calling for a boycott or some way to assure no rake is paid.

Top poker content creator Doug Polk has been among those leading the charge, calling out Venetian in a recent video and spreading the hashtag 'BoycottTheVenetian' on Twitter.

Will it have any effect? Considering that the event is not being marketed to the professionals and serious recreational who typically frequent poker forums, it's an open question.

Additionally, there was some confusion in the thread due to the posting that Venetian was applying the new 'uncapped rake structure' to their DeepStack Series, which is not the case, according to Venetian officials.

Slot

“This new format is in addition to our other successful poker tournaments which are geared to a more seasoned player, like our DeepStack Poker Series.”

Sluzinski's Twitter post similarly yielded plenty of criticism launched toward the Venetian. Run It Once Poker founder Phil Galfond joked, 'I suggest @VenetianPoker market this innovative tournament format as a 'Super Guarantee.'

Venetian, for its part, assures players that the format is not intended to be reproduced in their more traditional established series.

“This new format is in addition to our other successful poker tournaments which are geared to a more seasoned player, like our DeepStack Poker Series,” a Venetian spokesperson told PokerNews.

Just how the experiment will play out is to be seen. As Polk pointed out, the market will speak. Be sure to check back here at PokerNews for more on how the Lucky Shot goes, and how the poker community responds.

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    The VenetianJeff BoskiPhil Galfond

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    Phil Galfond

Las Vegas Slot Tournaments are building up in the gambling capital of the US. We have scoured some of the most popular Las Vegas casinos and posted some of the best Las Vegas Slot Tournaments taking place during the month of June.

Mirage Las Vegas Hotel and Casino

The Mirage Las Vegas is running some great slot tournaments and to kick it off they are having the $660,000 Va‐Va‐Voom Slot Tournament which starts on June 19-21. Its a Las Vegas Slot Tournament with a Vintage flare! This vivacious slot tournament is stacked with a GRAND PRIZE of $250,000 in CASH! The buy-in for such a huge tournament is a firm $5,000 which is sure to bring you a slice of the $660,000 pie!

Mirage Tournament Schedule
Thursday, June 19 Welcome Reception and Gift Distribution
Friday, June 20 Tournament Play
Saturday, June 21 Tournament Play & Awards Dinner

Prize Structure:
1st place – $250,000 Cash
2nd place – $50,000 Cash
3rd place – $25,000 Cash
For more details on Las Vegas Slot Tournaments at Mirage click here

Venetian Slot Tournament 2019 Leaderboard

Tropicana Las Vegas Hotel and Casino

Tropicana Las Vegas has also released their Las Vegas Slot Tournament schedule and they are not only running slot tournaments but a variety of tournaments for tournament enthusiasts regardless of which game they like!

Tropicana is running a Las Vegas Slot Tournaments with a:
$60,000 Cash Summer Slot Tournament June 27-June 30
$30,000 Blackjack Tournament (Promo Chip) June 13-June 16
$100,000 Craps Tournament (Promo Chip) June 20-June 23

For more details on Las Vegas Slot Tournaments at Tropicana click here

Golden Nugget Las Vegas Hotel and Casino

Golden Nugget Las Vegas is alo hosting a varitey of tournaments in June and not just Las Vegas Slot Tournaments.
They are running a:

Venetian Slot Tournament April 2019

$100,000 Bada Bing Blackjack Tournament June 6-8, Play your cards right and take home the top prize of $50,000! Entry is $500.

60,000 DOUBLE SCOOP SLOT TOURNAMENT June 27-29. This means their are two rounds of slot play with TWO opportunities to improve your score in the rebuy rounds. The entry fee is the lowest of the 3 venues at $100

Venetian Slot Tournament 2019 Brackets

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Venetian Slot Tournament 2019 Championship

For more details on Las Vegas Slot Tournaments at Golden Nugget click here