A brand-new PKO series on Americas Cardroom came to an early end after it did not turn out the way the poker operator had expected. MoMoMo PKO Series was originally scheduled to take place from September 9 to November 1, running for seven full weeks, but the first month was marked by massive overlays that had become unsustainable for the site, leading to their decision to cut it short.
Despite the rest of the series being cancelled, ACR decided to allow a few events to proceed, including the $5 million guaranteed Venom PKO Main Event which is set to kick off on October 23. Three Sunday events featuring $1 million in guarantees have also been kept, the last of them happening on October 18.
ACR Admits Overestimating New PKO Series
Explaining their decision, ACR said the series performed well below their projected targets. The site admitted they took the risk to go too big too soon on a brand-new format that unfortunately did not attract that much interest from players. Management said they could no longer sustain the huge overlays which would built up overtime if they decided to push through with the series.
The US friendly poker operator also reiterated their commitment to bring fresh offerings to their players, and their willingness to “push the envelope” as much as they can just to give their customers the best online poker experience that they deserve.
Huge overlays are nothing new to the site. In fact, their Million Dollar Sunday tournaments weren’t that successful when they started. The operator had to shell out hundreds of thousands in overlays each week, but they did not give up as they’re confident the weekly tournaments would eventually attract more players. This philosophy worked, enabling the site to draw new customers. But admittedly, they’ve overestimated the potential turnout of the MoMoMo Series.
ACR might have expected a lot of players to express disappointment at their decision to shut down the series but there was no protest. The players said they understood the site’s decision and appreciated them for being honest and transparent, though some urged ACR to just make PKO tournaments a part of their regular schedule as many players, especially the recs, enjoy the format.
Some players thought that the cancellation was a bad idea and that ACR could have just dropped the guarantees and simply allow the PKO series to play out as planned, the overall reaction to the decision indicates that the players know and understand how such massive overlays can impact the business-side of things.
ACR apologized to the players for cancelling the series, but they’re not ruling out holding a similar event in the future.
Biggest PKO Tournament in Poker History
The “silver lining” in all of this, according to ACR, is that the festival’s flagship event, the Venom PKO tournament will proceed as scheduled, giving players the chance to win a share of the massive $5 million in guarantees on offer. The $2,650 buy-in event, which promises to be the biggest-ever PKO tournament in poker history, features four Day 1s that will kick off on October 23. Satellites are also underway through to November 1, where players can win a seat for as low as $12.
As the tournament plays out, players can expect up to tens of thousands of dollars in bounty to be awarded for every opponent they eliminate. So players and fans can still look forward to massive PKO action through until November 4, when a winner is determined.
About ACR    
ACR is the flagship skin of the Winning Poker Network, one of the pioneering online poker networks established in 2001. The site’s offerings are not only limited to online games and tournaments as they also award tickets to land-based events, such as the World Series of Poker in Las Vegas. Additionally, the online poker platform also has its own sponsored live events. The site is home to some of the biggest-guaranteed online events in America and has remained a prominent player in the US online poker market.