Every year, an estimated 20,000 poker tournaments take place around the world in casinos. Every country from Argentina to Slovenia hosts multiple events, and tour promoters fight to get a share of the active players to ensure a critical mass of buy-ins. Well-run poker events are a lucrative business, and they’re on the rise.
After the online poker boom of the last decade, the industry has a huge number of educated players. A new generation of young, cosmopolitan players in their 20s and 30s follow their favourite tours around the globe, often travelling as a pack and always looking for an exciting new event. Poker now has the largest player base of any sport in the world, and its participants are habit-driven with prepared disposable incomes ready for spending. But if you’re a casino tour coming late to the table, or if you don’t have a big name to back you up, you’re going to have to buy yourself in with a very expensive ticket. For every new poker tour launched, one folds from financial strain the same year.