The 3rd of September marks the day when the Powerfest series returns to partypoker, bringing $35 million in guarantees to the tournament playing masses. The buy ins for these events will range from the affordable, all the way up to $25,500, with guaranteed prize pools bringing the chance of overlays in certain events. This is a calculated risk by partypoker though, as they are keen to strengthen the challenge to PokerStars’ dominance of the industry.
Managing Director of partypoker, Tom Waters, said: “Powerfest just keeps getting bigger and better so this time it was only right to increase the guaranteed prizepool again to $35,000,000. I hope that the players like the changes that we have made and continue to support us. The new championship events were added to give a little prestige to the headline tournaments and each of the winner will receive a trophy. Starting with a buy-in of $11, everyone has the opportunity to be crowned a Powerfest champion.”
Competition heating up
Recent changes to the loyalty programs for each site show partypoker’s desire to compete with PokerStars and eventually overhaul them as the industry leader. This desire is underlined by the guarantees partypoker offer, and the fact that they are willing to take risks with overlays. Tournaments have always been a crucial marketing tool which mitigates any overlay losses to some degree, and cash games always generate enough of a solid revenue stream for the site to be comfortable with any overlays. PokerStars still have edge in what they can offer in tournament guarantees, but partypoker are working hard to close the gap with series’ such as the popular upcoming Powerfest festival.
The festival features 12 Championship events, 10 of which have a guarantee of $1 million or more.
Here is the schedule:
|Day||Time (ET)||Time (BST)||Event Name||Phase 1 Buy-in||Direct Buy-in|
|Sun 10 Sep||12:30||17:30||Powerfest 111: Championship Event: [Phased]: $1M Gtd||$109||$1,050|
|Sun 10 Sep||12:30||17:30||Powerfest 112: Championship Event: [Phased]: $1.5M Gtd||$530||$5,200|
|Tue 12 Sep||14:00||19:00||Powerfest 147: Championship Event: $1M Gtd High Roller [2 Day Event]||$10,300|
|Sun 17 Sep||12:30||17:30||Powerfest 218: Championship Event: [Final Phase]: $1M Gtd||$109||$1,050|
|Sun 17 Sep||12:30||17:30||Powerfest 219: Championship Event: [Final Phase]: $1.5M Gtd||$530||$5,200|
|Tue 19 Sep||14:00||19:00||Powerfest 254: Championship Event: $3M Gtd Super High Roller [2 Day Event]||$25,500|
|Sun 24 Sep||12:30||17:30||Powerfest 323: Championship Event: [Final Phase]: $1M Gtd||$109||$1,050|
|Sun 24 Sep||12:30||17:30||Powerfest 324: Championship Event: [Final Phase]: $1.5M Gtd||$530||$5,200|
|Sun 24 Sep||14:00||19:00||Powerfest 325: Championship Event: $50K Gtd [$10K Gtd to 1st]||$11|
|Sun 24 Sep||14:00||19:00||Powerfest 326: Championship Event: $150K Gtd [$20K Gtd to 1st]||$55|
|Sun 24 Sep||14:00||19:00||Powerfest 327: Championship Event: $1M Gtd [$150K Gtd to 1st]||$215|
|Sun 24 Sep||14:00||19:00||Powerfest 328: Championship Event: $1.5M Gtd High Roller||$1,050|