European Poker Tour Prize Pool Coverup: Players Allegedly Shorted

Written by:
Ace King
Published on:
European Poker Tour Prize Pool Coverup Thomas Kremser

Thomas Kremser parted ways with the European Poker Tour (EPT) after a seven-year relationship citing a “need to explore new adventures”.  PokerQ4.com is now claiming his abrupt departure comes on the heels of a potential scandal brewing within the EPT

Play online poker at WSOP.com

PokerQ4.com understands from a very respected player and tournament advisor on the European Poker circuit, who wishes remain to anonymous, that the reasons given publicly for the split between Thomas Kremser Poker Events (TK Poker Events) and PokerStars are very different from what went on behind closed doors. They are at best a face-saving exercise for the two parties, at worst a cynical cover-up instigated by PokerStars so as not to be embroiled in a scandal that would further compound their delicate legal position following Black Friday actions by the Department of Justice against online poker operators in the US.

The real reason for the split, according to our source, is that shortfalls were discovered in EPT prize pools – meaning, in essence, players were paid out short. At this stage it is important to stress that there is no suggestion of any wrongdoing on the part of Thomas Kremser or TK Poker Events or indeed PokerStars, however, the news does the beg question how this could have happened, where the money went to and just how many EPT prize pools are now in question?

PokerQ4.com, having had past involvement in organizing live poker events itself, acknowledged that shortfalls can occur, especially when the prize pool exceeds €5 Million, as is the case with the European Poker Tour.   

Shaving off a few tenths of a percent here and there must be very easy. Think about it, can you honestly say that for every live event you have ever played you have checked that the percentage distribution of the tournament prize pool matches the total amount of money in play?

- Ace King, Gambling911.com

Poker News

Poker News: Americas Cardroom is Giving Away 18 Tickets to Million Dollar Weekend

The Friday and Saturday mega event coincides with Americas Cardroom turning 21, which in poker terms equates to an ace. 

Poker Pro Cory Zeidman Arrested in Connection to $25 Million Sports Betting Scheme

Poker Pro Cory Zeidman Arrested in Connection to $25 Million Sports Betting Scheme

The 61-year-old professional poker player was charged Wednesday morning in Florida with placing radio ads to “lure victims to retain [his] organization for sports betting advice”, promising that “privileged information” meant that the bettors would have no risk.

Matusow Defends Negreanu Over Sexual Misconduct Claims

Matusow Defends Negreanu Over Sexual Misconduct Claims

“What this woman said is just lies,” Matusow said. “Daniel would never ever act like that towards a woman poker player. He told me if he was staring at her it was just to get reads, not because he wanted to f*** her.”

Punta del Este Main Satellite Announced for July (2022)

This is your chance to win a $4,500 dream poker vacation to compete in a Live Event in an exotic location!

Negreanu Chimes in on Depp-Heard Trial: Justice for Johnny, Amber a Liar

Negreanu Chimes in on Depp-Heard Trial: Justice for Johnny, Amber a Liar

In regard to Amber, who claimed she was abused by Depp, Negreanu asks: "Does anyone believe if she had these injuries that she wouldn’t have taken a single picture at any point? It’s not plausible or believable to me at all considering how much she documented during the relationship."