In the wake of the canceled main event guarantee, Hustler Casino will issue refunds

In the wake of the canceled main event guarantee, Hustler Casino will issue refunds

The nine surviving players of the early flights of the main event of the Larry Flynt’s Grand Slam of Poker will get a $27,000 freeroll after the Hustler Casino refunds all of their previously paid player entries.

In a short video posted on social media, the general manager of Hustler Casino took responsibility for the backlash that the casino encountered after canceling the event. The hosts of the popular live-streamed cash game hosted by Hustler, Yaple said, “I made the decision… and it’s been pretty apparent by the backlash on social media that it was the wrong decision.”

There were 123 total entries through the four flights that ran as scheduled. Each entrant who includes multiple entries for a given player will get their $350 entry fees refunds.

The payouts for the nine players who survived into Monday’s Day 2 will come from the $27,000 that had been generated towards the prize pool. Only nine players get to compete for the remaining $27,000 after the eight remaining Day 1 flights were called off.

$50,000 will be added to the prize pool in a special tournament that will be run by Hustler Casino with the assistance of Vertucci and Feldman. $50K will be added to the prize pool when we work on a tournament with Ryan and Nick. It’s most likely in September.

You can see the 2.5-minute video when Yaple expressed regret and revealed the revised strategies for addressing the cancellation of the event here.

The loss of goodwill with players caused by the cancellation of the guarantee will result in a financial hit to Hustler Casino of $80,000 when all announced corrective measures are complete. The solution appears to be a very sincere gesture in response to a bad decision to cancel, even though it is imperfect in several ways, but as Yaple said, it was the best the casino could offer as a second response to a horrible situation in the midst of a public outcry. Even though the rest of the event had been canceled, there was no way to restart it without causing more problems.

Accepting the hit of the missed guarantee would have been the wisest solution. Rob Yong of London, England offered this advice: just pay. You are never dead if you have enuf tables, because everyone turns up on the last day expecting added value.

DJ Villegas pointed out that the conflict with other venues wouldn’t necessarily be solved by running a special tourney in September.

Summary:

The nine surviving players of the early flights of the main event of the Larry Flynt’s Grand Slam of Poker will receive a $27,000 “freeroll” after the Hustler Casino refunds all previously paid player entries. Each entrant who includes multiple entries for a given player will get their $350 entry fees refunds.