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Sizable Overlay Shouldered
Over the course of three starting days, the tournament drew 3,505 entries for the ¥2,000 (~$300) price point.
While that number looks pretty solid at first glance, it was well below what was needed to meet the guarantee, which would have been in excess of 5,000 depending on the rake structure. That means the operators had to shoulder a hefty overlay of around $460,000.
PokerNews inquired as to whether the overlay was an expected marketing expense for a new event.
WPT and Poker King are committed to bringing large guaranteed events to their player base, and we anticipate more of these types of events from us in the future, said WPT Vice President, Global Tour Management ....

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