Rumor – WPT cancels Main Event at Borgata

There’s a rumor that’s not been busted that the WPT has cancelled the Borgata 10K scheduled for January 2009. Instead they will make two episodes of the September 2008 Borgata event to fill up the extra television slot. In light of recent events surrounding both the Borgata and the World Poker Tour, this comes as no surprise to many insiders and the public alike.

The Borgata recently announced the lay-offs of approximately 400 employees due to the slumping US economy and has tightened spending for the immediate future. Following suit, the WPT has also announced that have pulled out of the Online Poker market for real money players. Further compounding the issue for the World Poker Tour, they were notified by the NASDAQ that their listing may be pulled if they are unable to pull their stock out of the tank and reach the $1.00 mark in the next six months.

While this is a rumor and has not been confirmed or denied at this time, there are sources at the Borgata that claim all of the above is very much true and that alternate arrangements have been made. They didn’t elaborate so no further information is available at this time.