The Asian Poker Tour (APT) has signed a five year deal with Macau Billionaire Poker (MBP) and Macau’s Babylon Casino for holding two international poker events at a minimum in Macau every year.

Babylon Casino is owned and operated by Macau Legend Development Ltd.

Included among the guaranteed events is the APT’s popular Player of the Year tournament.

The first event organized under the deal is the PT Finale Championships Macau 2017.

The tournament is scheduled for November 28 to December 9 and the 12-day poker fest will include events like the APT Finale Macau Main Event, Game of Champions and the APT Finale Macau Championships.

MBP – Macau Billionaire Poker

The deal comes as Macau’s casino industry witnesses a steady revival. The world’s largest gambling hub had been hit hard after the Chinese government launched an anti-corruption campaign in 2014. The measure resulted in a sharp drop in visitations and revenue for Macau as gamblers kept away fearing stringent action.

Since late 2016 and the first half of 2017, gross revenue gaming in Macau has been on an upswing but it is yet to reach pre-2014 levels. Revenue for 2016 was $28 billion while in 2013 it was $45 billion.

In a statement, Jeff Man CEO of the APT said

The APT now needs a permanent base in Macau; APT needs to be a very active participant in what is the gaming hub of the World. We are delighted with this new partnership with MBP and our joint vision of what is possible for the Macau poker scene moving forward.

Jim Chen, Chief Executive Officer of Macau Billionaire Poker stated that a lack of diversity in the kind of poker tournaments being offered in Macau had led to restricted growth of the game in Macau and Asia as a whole. He said that given the strong interest in poker in Mainland China, a greater number of poker tournaments were needed for Macau.

The APT was set up in 2008 and has since hosted nearly 60 international poker events across the region. It has so far held eight events in Macau. The organizer became active in Macau in 2016 after a break of three years and held the APT Macau in June 2017. The HKD19,800 Main Event with a guaranteed prize pool of around HKD2.04 million saw 118 entries and was won by Malaysia’s Choong Kian Weng.

Categories: Poker News

Posted on: 4th August 2017 by: Gary Beachley