Epic & Heartland Poker sale

A couple of weeks ago Federated Sports & Gaming was auctioned off from it's bankrupcy. It's assets included the Epic Poker League and Heartland Poker Tour. If you are a follow my blogs you know that I said from the beginning that this was not a good thing for the HPT to be bought out. Pinnicle Entertainment is now the new owners beating out several other potential buyers. If you read the court documents that have been released it states that the original owners of the HPT may be charged with fraud because of part of the payments from FS&G. Here is a link to article written by PokerNews http://www.pokernews.com/news/2012/06/epic-poker-league-heartland-poker-tour-acquired-by-pinnacle-12866.htm. Even though the HPT continues to run tournaments all over the country, there is no way that all this will not have a negative effect on it's future. What started out as two guys from Fargo's dream has turned into a financial and legal mess that will probably cost them everything. From my own experience once you have to get lawyers involved it will get very costly. I have always liked the original HPT guys and wish them the best, but am afraid it will not come out good for them as they are facing off with companies with deep pockets and nothing to lose. It's too bad, had they just stayed as smaller Midwest events instead of wanting to become the second coming of the World Poker Tour they would not be in current situation. Look how quickly the Mid-Sates Poker Tour has grown replacing them by providing the same tournaments with better structures and more of a chance for the local Casinos to profit. I just hope the owners the MSPT don't get greedy and forget the MN poker players that got them to where they are today as the HPT did.