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  • New Tournament to be Hosted by Chris Moneymaker

    Friday, October 7th, 2011 by Nadia

Chris Moneymaker, the player who revolutionized online poker with his ‘Moneymaker Effect’, will host a new poker tournament at a casino in Pennsylvania. Moneymaker, a World Series of Poker winner, will host the tournament at the Presque Isle Downs and Casino on October 15th. The tournament will feature single table poker and a hefty prize pool worth $25,000. According to the Casino’s President, Fred Buro, the event will be a big milestone for the casino and Erie, Pennsylvania.

Moneymaker’s Tournament

Festivities have been planned to inaugurate the poker room. A party with VIP guests will take place before the ribbon cutting ceremony, which is scheduled for 6PM, Eastern Time. After that, the tournament will take place in the 9 table room. Christine Stacy, the poker room’s manager, stated that it is now time for Eerie’s poker players to enter into a more exciting and action filled environment, which the tournament is capable of providing. Players can utilize many of the casino’s facilities which are similar to those in Las Vegas casinos. These have many special games and events which are offered throughout the year.

Taking on the former champion won’t be an option for all the players on the day of the main tournament. However, starting from the 3rd of October, players will get the chance to beat Moneymaker in a satellite tournament. The buy-in is small, at only $83. On October 14th, 9 single table ‘shootouts’ will be offered to the 90 people who succeed at the satellite tournament. If there are seats available after the winners are announced, other players can enter the tournament with a buy-in of $340. Those who win at the 9 ‘shootout’ tables will then be able to play against Moneymaker, with the $25,000 cash prize hanging in the balance.

All the players at the final table – including Moneymaker – will get to take home a cash prize to reward their attempt. The first player to be eliminated will get a $1000 cash prize. For the player who gets through the 10 player event, a $10,000 cash prize will be awarded. The player in the second position will receive $5000.

Casinos and Tournaments in Pennsylvania

Pennsylvania is fast becoming a gambling hotspot. The Pennsylvania Gaming Control Board has given out 12 licenses to upcoming casinos in the area. These are in addition to the 9 casino properties already in the locality. With new casinos like the Valley Forge Casino Resort and Revel (worth $2 billion) set to open early 2012, Pennsylvania might succeed in competing with the casinos at Atlantic City. It is one of the states that has recently opened new casinos to deal with budget problems and tax revenue issues.

The poker world is sitting up and taking notice of the new casinos that have come up in Pennsylvania. In August, the organizers of the World Poker Tour signed a 3 year agreement with the Parx Casino in Philadelphia, Pennsylvania. The deal will have the Parx Casino hosting one of the WPT main events and 3 of the stops on the regional tour. The events might turn out to be the remaining ones in season X WPT schedule.

The famous World Series of Poker Circuit (WSOPC) has also expressed interest in hosting events in the state. In April, Harrah’s Chester hosted a WSOPC stop. The tournament featured 10 events including a main event which boasted of a $1,500 buy-in. According to the 2011-12 WSOPC tour schedule, it will return to Chester in April, 2012. However, the event schedule hasn’t been revealed yet.

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