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PokerTube.com reported this weekend that Midway Poker Tour founder Daniel Bekavac appears to have gone to ground and nobody has any idea where he is.
The tournament website has been closed down and social media commenting has ceased for over one week.
The big problem is that players who took part in the early October tournament are yet to be paid.
Bekavak owes tens of thousands of dollars. Some of those who cashed out were paid in overvalued silver.
The inaugural Midway Poker Tour event is ending in disaster as details emerge regarding payout process. Payouts combination of small amount of cash & silver coins/gold/etc. to meet Illinois state charity regulations. Player alleges shortage. Thread here.https://t.co/b8Z0slN1gn pic.twitter.com/g0f57RKTIE
— Chad Holloway (@ChadAHolloway) October 4, 2020
Prior to the tournament getting underway, the director announced that "due to Illinois charity gaming regulations, we can only pay out $1,600 in cash. Anything above that will be given out in precious metals". It's doubtful that anyone would have participated in the event had they known they'd be paid out in worthless metals.
Poker pro Chad Holloway provided a breakdown of who is still owed and those made whole:
Midway Poker Tour update -- Over weekend I tried to verify which players have been made whole.
— Chad Holloway (@ChadAHolloway) October 11, 2020
Green = confirmed they are whole
Red = are not
Orange = Believe yes but waiting to hear back
Blue = Believe yes but no way to contact to verify
Bekavac = Radio silent for 4 days. pic.twitter.com/x1gWTFkWWq
- Nagesh Rath, Gambling911.com
