Private im pokerth3/19/2023 Many of the most famous private games occur at a house or rotating locations. Others are celebrities or powerful executives. We are talking about private games and tournaments hosted and attended by some of the world’s wealthiest players and celebrities alike. Such wide availability has gone a long way toward increasing interest and popularity, not just among the pros and career gamblers, but also the recreational player.Īnd yet, there is a subset of high-end and high-stakes private poker games that border on the legendary, the clientele of which can be known by speculation, either in poker circles or in wider media and popular culture. It can be played anywhere – in casinos, at home, at most top sports betting sites, etc. Part of poker’s appeal, of course, is also its accessibility. The World Series of Poker Main Event, hosted in Las Vegas, draws thousands of players every year, and there are dozens of tournaments around the world that are just as lucrative. Poker has increasingly been recognized as a mind sport, serving as a claim to fame for big earners and A-listers like Daniel Negreanu and David Coleman. It’s played by many millions who enjoy placing a bet.Ī select few have made lucrative careers out of it. The APT events have, in aggregate, generated over US$100 million in prize money awarded to players, it added.Poker is an almost a universal gambling language. Mr Soyza is also a strategic advisor and “will oversee the organisational restructuring” of the APT brand, the firm said in a follow-up statement to GGRAsia. Mr Soyza and Mr Fontillas “will identify and fill the necessary leadership roles that will carry the Asian Poker Tour into its next era,” it added.Īccording to the release, the APT has staged more than 100 events, mainly in Asia Pacific. We are beyond excited to work with the team and hope to reach new heights as we usher in a new era for the Asian Poker Tour.” All the stakeholders, including myself, have been active participants on the APT for over a decade. The release has also included prepared remarks from Michael Soyza, described as a partner at APT Events Private: “Jeff (Mann) and Lloyd (Fontillas) have done a tremendous job of building the APT to where it is today. Frankly, I’m pumped up by what the future holds for APT.” Mr Mann was cited in the release as saying: “It was of the utmost importance that any partnership or sale would only go to an organisation with the same passion and dedication to continue developing the Asian Poker Tour as we always envisioned. Lloyd Fontillas will continue as general manager and executive tournament director of APT, and lead the live events team, according to the release. He will “continue to serve as the primary consultant to ensure a smooth transition,” added the statement. The announcement said that Jeff Mann, who was APT’s chief executive since 2010, will remain at Asianlogic and will “relinquish his role” as the brand’s CEO. It was until now controlled by Asian Poker Tour Ltd, a unit of Asianlogic Group, the latter an investor in online and land-based gaming.ĪPT Events Private, created on June 1, is based in Kuala Lumpur, Malaysia. The poker tournament brand was founded in 2008. The value of the deal was not disclosed in Wednesday’s press release. Asian Poker Tour brand sold to APT Events PrivateĪsian Poker Tour Ltd has announced the sale of its live poker tournament brand Asian Poker Tour (APT) to a “newly formed” entity, called APT Events Private Ltd.
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