PAGCOR Denies Approval of Php 1.5 Million Tournament in Downtown Manila
The Philippine Amusement and Gaming Corporation (PAGCOR) has enforced its rules and regulations by denying approval for a Php 1.5 million guaranteed tournament in downtown Manila in mid-March.
The tournament in question was the Php 1,500,000 Guaranteed tournament announced by the Asia Poker Sports Club at the Pan Pacific Hotel in Manila. After word got out over the weekend, it was eventually discovered that the tournament had not yet been approved by PAGCOR.
In fact, at the time of the announcement, PAGCOR had yet to receive any formal letter from the Asia Poker Sports Club outlining the proposed dates, mechanics, and other details of the Php 1.5 million tournament. However, a poster had already been circulated by the poker room stating that the tournament would run from March 14 to 17.
PAGCOR’s main reason for denying approval for the tournament was that it would be overlapping two other big tournaments in Metro Manila – the Neil Arce Dirty Ice Cream Cup (Php 3 million guaranteed) at the Metro Card Club, which is scheduled for March 12 to 15, and the TPC Plugged In (Php 1 million guaranteed) at the Big Ace Liberty Club, which is slated for March 13 to 17.
PAGCOR is the gaming regulatory body of the Philippines. It will be holding the First PAGCOR Chairman Efraim C. Genuino International Poker Tournament from March 20 to 25 in Manila. Top poker players from the Philippines and around the world are expected to participate in the main event, which is guaranteeing a prize pool of US $1,000,000. Buy-in is set at US $2,500 + US $200.
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