The Golden Nugget Poker Room will run a "Leaderboard Tournament" promotion that will begin December 1, 2019 and run through December 31, 2019. The Tournament will be help Saturday, January 11, 2020 at 7:15pm in the Poker Room. This will be an ongoing promotion that will run every other month.
The Leaderboard Tournament will keep track of points that players will earn for entering in any one of the Golden Nugget's Poker Tournaments. Additional points will be awarded to those players who finish "in the money". Players will earn one (1) point for each tournament entry and re-entry fee purchase and will earn additional points if they finish "in the money". The calculation of points earned for "finishing in the money" will be based on the number of winners paid.
Example: If the prize pool pays 5 winners the points earned will be as follows:
- 1st Place will earn 1 point for entering the tournament, plus 5 points x 3 for a total of 16 points.
- 2nd Place will earn 1 point for entering the tournament plus 4 points x 3 for a total of 13 points.
- 3rd Place will earn 1 point for entering the tournament plus 3 points x 3 for a total of 10 points.
- 4th Place will earn 1 point for entering the tournament plus 2 points x 3 for a total of 7 points.
- 5th Place will earn 1 point for entering the tournament plus 1 point x 3 for a total of 4 points.
Golden Nugget will utilize the Bravo Tournament Watch rating system to record and track all tournament entrants, winners and number of points earned. The Leaderboard Tournament will be generated and displayed on a weekly basis in the Poker Room for the duration of the promotion.
The promotion will be funded by extracting $2.00 from each Tournament entry or re-entry fee collected. Those monies will be placed in the Leaderboard Tournament promotional fund. At the conclusion of the promotional period the distribution of the promotional funds will be in the form of a Leaderboard Tournament. the Tournament will open to the top 60 players in Leaderboard points for the promotional period. The Tournament will be run the second Saturday of the following month that the promotion is run. Players will receive a starting stack of 15,000 in Tournament Chips.
Players finishing 1-15 in Leaderboard Points will receive an additional 10,000 in chips (Total of 25,000)
Players finishing 16-30 in Leaderboard Points will receive an additional 5,000 in chips (Total of 20,000)
Players finishing 31-60 in Leaderboard Points will receive a starting stack of 15,000 in chips (no additional chips are given)
There will be an optional $5 add-on (Staff Fee) for an additional 5,000 in chips. The prize pool will be distributed based on how many players are in the Tournament and will utilize the percentage structure that is used in every GNAC Tournament.
Example based on 60 players:
Place of Finish | Payout
1st Place | 39% of promotional fund
2nd Place | 20% of promotional fund
3rd Place | 13% of promotional fund
4th Place | 10% of promotional fund
5th Place | 7% of promotional fund
6th Place | 6% of promotional fund
7th Place | 5% of promotional fund