I was attending the Heartland Poker Tour Event a few weeks ago and it was brought to my attention that a few prize pools seemed to have inconsistencies in the amount of money being withheld. So I did my due diligence prior to starting a witch hunt and I asked HPT Head Tournament Director Jeremy Smith how much is taken out of Ameristar East Chicago prize pool. He provided me with the information that it would be exactly as posted on my receipt as well as a 5k winners package coming out. He also let me know that some location take as much as 4%.
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In this post I will provide a spread sheet I composed. In it it shows the amount of money taken out at each stop over the last few seasons. Currently in question are 5 stops. 4 of which are in bold on the spread sheet and show the amount of money above 4% that has been withheld from the prize pool.
The last location in question is Ameristar Casino where they most recently held an event. The location which Jeremy specifically explained the withholdings to my self and Chainsaw. You should notice that .86% of 1500 is inexplicably deducted.
That ends up being a $12.913561848 per buy in or ~$8,665 total MISSING.
I presented this information to Allen Kessler who then passed it on to Ken Lambert JR Dirctor of Operations for Heartland Poker Tour. Ken has had nearly two weeks to simply explain this conundrum. He has chosen not to respond.
So I turn to the public. If you have further questions I can attempt to answer them. At this point I think it is in Heartlands best interest to simply respond. Let the consumer know what has happened to these funds, to whom or what they went to.
In no way are players responsible for any more RAKE then what is already posted. It was attempted to be explained to me.
Jeremy stated that many different properties have unique administrative fees so this would explain and additional funds missing.
I explained that on the HPT structure sheet, it plainly states.
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4% max, Mind you this is just after he explained THIS location takes 3% just as the receipt states.
Yet 3.86 is whats missing, after incorporating the 5k winners package.
All numbers on the spreadsheet accomadate for every thing they have stated money should be coming out for. I think the players deserve an explanation, aside from that I think this sham needs to come to an end.
TRANSPARENCY should be the number one concern fo KEN LAMBERT JR, and Jeremy Smith. Avoiding this only perpetuates the situation.
https://docs.google.com/spreadsheets...it?usp=sharing