I would like to release as much information as possible about the above event due to the continuing delay in completing it, and season one.
First of all, a bit of background.
APAT spent a good deal of time negotiating to hold our World Amateur Championship with one of the most prominent casinos for poker, in Las Vegas. At that time, our event was scheduled for the third week of July, starting the day after the main event of the WSOP. No prizes for guessing the casino.
However, and surprisingly late in negotiations, it came to light that this casino would not be willing to host the event as our season one sponsor was still trading in the US. This was an extremely tricky position for APAT, the sponsor and the casino. So various changes were made but it quickly became apparent that we would not be able to run this event as a standard APAT Championship event due to the number of events already scheduled for season two.
So the final event of Season One will be a little unique. It will be known as the APAT World Onlive Championship. The tournament will be broken into two stages with entrants starting the event online, with 10,000 chips and an APAT Championship structure (clock adjusted to give a similar number of hands per 40 minute level).
The online section will play down to a final table of 6 players.
These 6 players will then compete at a live final table, starting with the same seat and chip position as they finished online. The winner of the event will take a substantial first prize plus an expenses paid entry to the main event of the 2008 WSOP in Las Vegas.
The buy in will be in the $75 to $100 range and we will allocate 18 ranking points as with every APAT Championship event.
We are currently negotiating to have the final table streamed on the internet and possibly broadcast live. It is a complicated process and I have set a deadline for final decisions by the end of this week.
So we will announce the details of this event early next week, with or without TV coverage. The online element will be run in the first two weeks of November and the final table will almost certainly be held in the middle of December.