Aaron Zang Hangs on to Win the Triton Million Title
The £1 million entry (with an additional £50,000 registration fee) Triton Million, the biggest buy-in poker tournament of all time, delivered a spectacular and surprise winner with Aaron Zang, a previously unheralded financier from Shanghai, China, who beat off some of the world’s best-known poker players.
Fifty-four entries generated a £54 million purse which was divided into eleven prize-paying positions.
The money was thin at the bottom with the tenth and eleventh placed finishers only showing a £100,000 profit.
Even the eventual seventh-placed finisher did not double their investment. But there was money aplenty at the top with a £19m first prize, £11.67m for second and £7.2m for third.
However, with two players remaining, 37-year-old Zang arranged a deal with his final opponent, American Bryn Kenney to split the remaining purse money.
At that point, Kenney had Zang out-chipped by a ratio of four-to-one and so the established pro took the larger slice of the money, £16,890,509 to Zang’s £13,779,491.
Only one European player cashed in the tournament, the UK’s Stephen Chidwick who netted £4.41 million for finishing fourth.
Ultimately, the tournament’s total purse was greater than that offered by all four tennis and golf majors combined, while a selection of charities will soon benefit to the tune of £2.7 million.
Switzerland’s Linus Loeliger Impresses
Remarkably the Trion Million has not been given the title of ‘Main Event’ in this ongoing eight-day poker festival.
That distinction was given to the fifth tournament of the series, the £100,000 Triton London Short Deck Main Event which attracted 122 entries.
Other tournaments on the roster include the opening £25,000 Six-Handed Turbo which garnered 73 players (of which 44 took a re-entry). Online poker pro but relative live-game novice Linus Loeliger took this one’s £690,000 winner’s prize.
Loeliger, from Switzerland, immediately reinvested part of his winning by playing the £50,000 No Limit Hold’em Full Deck competition and enjoyed further success by finishing third to collect an additional £594,000.
The winner here was the UK’s Charlie Carrel who clearly enjoyed some good fortune when heads-up against the established Jason Koon. He took away a £1,321,000 winner’s prize.
Partypoker MILLIONS Europe Underway
High-roller tournaments are becoming commonplace and there are two more scheduled for next week in Rozvadov as part of the Partypoker MILLIONS Europe festival.
This event started on Monday with relatively small stakes satellites into the Main Event but there is a €100,000 entry No Limit Hold’em Super High Roller and a €25,000 High Roller, both with €1 million guarantees, on the calendar.
The MILLIONS Europe itself demands a €10,300 entry with a €5 million guaranteed prize-pool. It begins next Wednesday.
WSOP Fall Out
Clearly the world of poker never stays still and the World Series of Poker already seems like a distant memory. However, one of the most interesting and intriguing poker stories of the week has brought the World Series Main Event back into the spotlight.
It revolves around Nick Marchington, the 21-year-old British player who hit the headlines when finishing seventh in the WSOP Main Event collecting $1,525,000.
Yet, within days of his life-changing win the Essex man took to Twitter to vent some frustration with a mystical Tweet.
Such a shame that a huge personal achievement of mine has been tainted by the greed of others— Nick Marchington (@NickMarchington) July 17, 2019
Many questioned what had irked him so much but there were no further Tweets from the young player.
But his Twitter account was particularly busy last Saturday when the news emerged that Caesars (owners of the Rio Casino and World Series of Poker) had put a block on his Series winnings after a Las Vegas judge granted two ‘poker backers’ Colin Hartley and David Yee a temporary restraining order against Marchington.
It blocks the young player from cashing his winning cheque from the Main Event and a subsequent ‘cash’ (for $7,396) in a $5,000 Hold’em tournament later in the Series.
The pair are arguing they are entitled to ten percent ($152,500, plus any legal fees) of Marchington’s Main Event winnings following an agreement they had to ‘buy’ part of his action in the Main Event and an additional $5,000 entry tournament.
There is no dispute about the initial agreement and transfer of funds from the investors to Marchington but text messages during the series indicate a change of heart by the player who wished to cancel the agreement for the Main Event stating he had found a better deal – of a 1.7 mark-up instead of the 1.2 he had agreed with Hartley and Yee.
At this point he had already played and drawn a blank in the $5,000 event and had used $550 of their money to finance the exercise.
Nevertheless, apparent messages between both parties appear to show a cancelled deal was agreed upon by both parties for the Main Event. But, when Marchington started play in the showpiece event on July 2, they had not received the refund of their investment.
This ugly situation has the potential to be a landmark case in the world of poker staking which is becoming ever increasingly popular and is conducted, in the most part, as a formal handshake.
Win or lose, Marchington’s decision to renege on a shareholder agreement to accept better terms elsewhere will tarnish his reputation and while most observers believe he will ‘win’ his case, losing it would unquestionably prove exceptionally costly.
I know and understand this was bad practice even though allowable, and I have apologised. Once I cancelled, there was no insistence the piece would still be booked when I made it clear I was still playing. Only arrangements for a refund after which we would be ‘done.’— Nick Marchington (@NickMarchington) August 3, 2019
That’s because it is abundantly clear his other backers will still want their ‘piece’ once the winnings are released by authorities and legal fees could potentially run into six figures.
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