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News
PartyPoker
Introduces Monthly $1 Million Guaranteed, by Tom
Jenkins - 17th January 2009 (Credit:
Poker News Daily)
Beginning
on Sunday, February 1st, PartyPoker will host
a $640 buy-in $1 Million Guaranteed tournament
once per month. Aptly called the Monthly Million,
it will take place at 17:45 GMT on the first Sunday
of every month. Qualifiers start as low as $1
and are running constantly on one of the largest
online poker rooms that does not accept U.S. players.
A
PartyPoker spokesperson explained in a press release
distributed on Friday, “With $1,000,000
up for grabs in the Monthly Million, the first
Sunday of every month is definitely not a day
of rest at PartyPoker.com.” The tournament
utilizes a Championship blind structure. For $1,
players can enter rebuys that feed into either
a $70 Monthly Million Qualifier with 18 seats
guaranteed or a $35 Super Satellite Saturday with
25 seats guaranteed. Alternately, on Fridays,
PartyPoker players can take advantage of a $55
buy-in tournament that doles out at least 30 seats
into the Monthly Million. Country specific freerolls
and points qualifiers are additional ways to enter,
so check out the online poker room’s tournament
lobby for more information.
Currently,
PartyPoker’s premier tournament is the $300,000
Guaranteed, which takes place every Sunday at
17:45 GMT. The buy-in for the event is $215 and
it will likely be replaced by the Monthly Million
on the first Sunday of each month. Last week’s
$300,000 Guaranteed was taken down by Rev_Hwy61,
who bested a field of 1,451 entrants en route
to a $60,000 first place payday. The turnout meant
that the event had a $9,800 overlay, which occurs
when the guaranteed prize pool of a tournament
exceeds its actual prize pool. Finishing as the
runner up was HOTEL_, who pocketed $30,000. Others
who landed atop the field included paskwal (third
place for $20,700), DoiNW8BeTs (fourth place for
$16,350), Merseylad (fifth place for $13,800),
Sonygolf (sixth place for $10,350), og1512 (seventh
place for $7,950), RAGEUNIT22 (eighth place for
$5,250), Poortwacht3r (ninth place for $4,050),
and BrngMrRssns (tenth place for $2,850).
PartyPoker
recently launched the Palladium Lounge for members
who generate more than 5,000 points in a calendar
month. Perks include 24 hour customer service,
exclusive promotions, and additional deposit methods.
Palladium Lounge Elite is available for players
who accrue 75,000 points per quarter and 300,000
points per year. Benefits of Elite status include
“snowboarding trips and adventure getaways”
as well as the chance to “represent PartyPoker.com
in televised events.”
Its
parent company, Party Gaming, is traded on the
London Stock Exchange under the symbol “PRTY.”
In December, one of its co-founders, Anurag Dikshit,
admitted to violating the Wire Act of 1961 in
a New York court room. He agreed to shell out
$300 million to the U.S. Government in three installments.
Dikshit may also face up to two years in jail,
although a sentencing hearing is not scheduled
until December of next year. In the process, Dikshit
sent shares of Party Gaming climbing, as his actions
may serve to clear the air legally of any wrongdoing
by the company in the eyes of the U.S. Government.
Party Gaming was one of several publicly traded
companies to withdraw from the U.S. market following
the 2006 passage of the Unlawful Internet Gambling
Enforcement Act (UIGEA).
According
to PokerScout.com, which tracks online poker room
traffic, PartyPoker ranks as the fourth busiest
worldwide by the number of cash game players,
boasting a seven day running average of 4,500.
It trails only PokerStars (23,200), Full Tilt
Poker (9,900), and the iPoker Network (5,700)
in that department. The iPoker Network, which
like PartyPoker does not accept U.S. customers,
is owned by Playtech.
Recently,
PartyPoker added Quick Seat and table preview
features to its lobby. Players also now have the
ability to open similar tables to the ones they’re
playing on without having to visit the lobby.
Tiling and manual resizing of tables are also
available.
