The World Poker Tour is extending its poker domination all the way across the pacific. The Philippines is the first Asian country, which now hosts charity poker tourneys under the WPT franchise.
The set-up is nothing different from normal charity poker events, winner gets no cash. But his PhP500,000 (a little over $9,000) will not solely go to his favorite charity. Rather this amount will be distributed to the star’s chosen charity, the local station (ABS CBN) that holds the WPT franchise’s kids charity, and another charity chosen by the Philippine Amusement and Gaming Corp. (Pagcor).
Meaning if you’re a celebrity player and you win this tournament, your favorite charity will only get a measly portion of your winnings.
Legal gambling in this Philippines is monopolized by PAGCOR, all the casinos are Pagcor-franchised. So it’s not surprising that Pagcor should get a piece of the cake for its own charitable mission. Pagcor also publised some ads on newspapers warning peeps against playing in illegal poker games "No PAGCOR seal" is illegal!
In fact, the prize money for the WPT Philippines celebrity event was provided by…
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