Partypoker Investing $20 Million In Next Powerfest Project

Over 300 events are scheduled for the latest Powerfest

GVC subsidiary Party Poker is putting big money – $20 million – behind the latest edition of its Powerfest series, which will feature 301 tournaments with combined guarantees worth tens of millions of dollars.

It’s the biggest investment in a Powerfest yet, company spokesmen advised Tuesday.

Tom Waters, the md at Party Poker said in a company statement that the next edition of the popular event will include new headline competitions, including three $1 million guaranteed editions of the Title Fight, a $2 million charity event and eight phased tournaments covering a range of buy-ins.

This will be the fifth Powerfest; the series was launched in February last year with just $5 million in guarantees, followed by the second edition in April 2016 due to demand, with an enhanced $7.8 million in guaranteed prize pools.

In September last year Party Poker ran another edition, boosting the guarantees to $10 million, and in January this year a further Powerfest carrying $11 million in guaranteed prize pools was launched.

This year’s iteration will be spread over a little more than two weeks starting May 7, and will offer poker fans a range of buy-ins from $.50 to $25,000, the latter being entry into the Super High Roller scheduled for May 17.

In a generous gesture, Party Poker is donating the $500 registration fee on each entry to charity, and if there are more than 100 entries, the company will top that off with an additional $50,000.

The Powerfest culminates in four main events, each with its own buy-in again titled Featherweight, Middleweight, Heavyweight and High Roller.

As usual there will be an abundance of satellites enabling punters to compete for free buy-ins to Powerfest events.

Waters says that the structure and investment in the next Powerfest will make it possible for players to compete in at least one tournament a week – excluding main events – that will have a million dollar guaranteed prize pool.

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Brian Cullingworth

Brian Cullingworth

Infopowa news was a staple of Casinomeister’s news from 2000 until 2019. Brian Cullingworth was the main writer, contributor, and was one of the most knowledgeable persons I have ever known involved in the online casino industry.

We first met in January 2001 at the ICE in London where I observed him going booth to booth interviewing online casino, software, and licensing jurisdiction representatives. Brian was also heavily involved with our forum as “Jetset“, he was involved as an informal consultant to eCOGRA, the OPA, and was a player advocate who assisted countless aggrieved players with his connections to industry folks. He also published “Casino Cautions” via Infopowa news for quite a number of years. These can be found in our news archives.

His passing in February 2019 was a dark day for us. He will be forever missed.

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