Powerfest returns to PartyPoker in September bringing $35M in guarantees

Powerfest returns

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 partypokeroffer, 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 partypokerare working hard to close the gap with series’ such as the popular upcoming Powerfest festival.

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Schedule

The festival features12 Championship events, 10 of which have a guarantee of $1 million or more.

Here is the schedule:

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