Phil Ivey is arguably the most popular and well known professional poker player on the circuit today. Ivey has won 10 World Series of Poker Bracelets and has also made the final table at 9 World Poker Tour events. One of the nick names for Phil Ivey on the poker circuit is the Phenom, a name he rightly deserves due to his record and consistency during a long poker career. Apart from playing professional poker, Phil Ivey also runs Iveyleague.com, a poker training website that is doing extremely well. Ivey’s network is reported to be close to a $100 million.
In a recent statement, Iveyleague.com confirmed that they will be sponsoring the Canadian Poker Tour’s Summer Showdown Series which takes place at the Grey Eagle Resort & Casino between the 24th of July to the 3rd of August.
Ivey released a statement which read
We created Ivey League to give those passionate about poker a place to hone their skills and learn from the best. Teaming up with a high-calibre tournament like the CPT Summer Showdown Poker Series represents the next step for us.
Here is a Video Introduction to Texas Hold ‘Em supplied by iveyleague.com
The collaboration between Iveyleague.com and the Canadian Poker Tour will benefit both companies.
Kelly Kellner, who is the CEO and president of the Canadian Poker Tour was very keen on getting Phil Ivey to endorse their tournament and have his Iveyleague.com training company sponsor the event. The publicity and endorsement from Phil Ivey will help promote poker in Canada and the United States.
The Canadian Poker Tour wants to attract more poker players from the U.S. as there is no 30% tax reduction imposed in Alberta, Canada. Kellner said
By having the advantage we have up here of the stronger U.S. dollar (for the U.S. players), the withholding tax and perks of coming up to Canada, it makes it very attractive. In the last week, we’ve seen a tremendous amount of bookings from U.S. players that are planning to come up.
The Canadian Poker Tour has been taking place for over a decade and is popular amongst Canadian poker players. During its 12 year journey, the Canadian Poker Tour has hosted more than 10,000 casino-based poker tournaments and awarded more than $25 million in prize money.
This 11 day event at the The CPT has been in operation for 12 years. In that time, it has hosted over 10,000 casino-based poker tournaments and has given out in excess of $25 million in prize money. This 11 day event at Grey Eagle Resort & Casino will have buy-ins ranging from $200 to $3,300. On the 27th July, Phil Ivey will play host to a high-roller event, which participants will get the opportunity to complete for $100,000 in prize money.