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Venetian: Company owes $173,550 after poker tourney canceled
Tuesday, Sept. 29, 2009 | 11:36 a.m.
Poker tournament organizer Hall of Fame World Poker Championship LLC was sued by the owner of the Venetian resort in Las Vegas on Monday over an allegedly unpaid invoice.
Venetian Casino Resort LLC filed suit in Clark County District Court. Las Vegas Sands Corp. owns the integrated Venetian and Palazzo resorts on the Las Vegas Strip.
The lawsuit says Atlanta-based Hall of Fame World Poker Championship last year booked hotel suites and conference space and arranged for food and beverage services.
The number of suites booked varied daily between 20 and 41, the booking contract shows.
The bookings were for July 11 through July 18 of this year for an event called the Sports Legends Challenge, court records show.
But the defendant failed to pay a deposit of $25,808 and later canceled the event, the Venetian suit says.
The cancellation triggered a cancellation fee agreed to in the contract of $155,625, which, with 18 percent interest through Friday, has grown to $173,550, the lawsuit says.
Despite receiving invoices and demand letters from the Venetian, Hall of Fame has failed to pay that amount, the lawsuit alleges.
A message seeking comment on the allegations was left Tuesday with Hall of Fame Chief Executive Bruce Bibbero.
In press releases on the Sports Legends Challenge Web site, the inaugural tournament was announced not for Las Vegas, but for Sept. 14-17 at the Atlantis resort on Paradise Island in the Bahamas.
For undisclosed reasons, the event this month didn't happen.
Bibbero said in a press release the inaugural Sports Legends Challenge will be rescheduled for a new location and dates in 2010. The location and dates are being finalized, the Sept. 3 press release says.
The Web site indicates the event will involve entrants playing against sports legends and poker professionals.
Hall of Fame and Bibbero, in the meantime, remain engaged in litigation with Sludikoff Gaming Tournements Inc. of Las Vegas.
In lawsuits filed in Clark County District Court last year and this year, Sludikoff and Hall of Fame accused each other of wrongdoing when plans for a new celebrity poker tournament fell apart.
The litigation is pending, court records show.
CORRECTION: The spelling of Sludikoff, which was misspelled in the story as it was originally published, has been changed. The Sun regrets the error. | (September 29, 2009)
Discussion: 15 comments so far…
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The deposits were never paid. And the poker tourney was cancelled. End of story.
If you did not collect the deposit then you have no contract. The deposit is the guarantee agent in effect. Without it all you have is a inquire about and event.
Very sad when a company is so broke that it has to sue its customers to survive.
The only people making money are the attorneys and Harry Reid!
More Billable hours!!!!! law sluts are jumping for joy
The concept doesnt work. U cant give the all the players free flights, rooms and tourneies and hope the general public pays the whole till.? they had only 7 people signed up for the bahamas and they had a total of 50 pros supposed to be going for free.. 2+2 is 4 IDIOTs
Mr. Green:
My name and the company's name is Sludikoff. Please spell it correctly in the future. Sorry, but I cannot comment on our lawsuit until after it is over. Thank You.
Stanley R. Sludikoff
Why would a company not sue for amounts owed? If you don't collect what is owed to you, that's when you go broke.
The fact that the deposit wasn't paid doesn't negate the contract. The fact that the deposit wasn't paid is the violation of the contract which triggered the cancellation penalty.
Next time, have them sign Markers and you can get the city to collect.
Hey Chazbean,
I'm not planning to vote again for Harry R. but what does he have to do with this ???? Did I miss something ? thanks
From what I have read, Adelson is well known for not paying on his debts. A little of his own medicine, perhaps?
Typical MGM trying to rape somebody with a dream.
Greedy bastards.
MGM should try to treat customers with some sort of respect if they want to make money.
MGM should learn what the word "Safety" means since they killed many good men due to their rediculous schedules at City Center.
go back to where you came from with all these law suits....
Not to obvious that they're hard up for cash. They didn't pay their bills to subcontractors when the Venetian was built and now they have the gall to sue when no services were rendered. Purely an act out of Desperation and Greed.
The service which was rendered was to reserve facilities. When facilities are reserved, others who wish to use them must be turned away (unless you approve of overbooking). That is precisely why it is standard practice throughout the industry to charge reservation fees and cancellation penalties. If the Venetian did not enforce contracts they would be acting irresponsibly and in violation of their duties to manage their finances properly.