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CardMageddon pays out… a little

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You may have heard of CardMageddon. Or, more likely, you didn't. It was a big event hosted by CardAgain some number of months ago, and they ran into a few problems, to say the least. Basically, no one showed up for whatever reason. It was the company's first tournament, and it's safe to say the overreached.

Crackling Doom

Unsurprisingly, a tournament hosted by a company with no experience and no prior tournaments did not turn a profit. In fact, they came up short enough that paying players was hard.

So, today they did the best they could: they paid in part.

Players were given some of their winnings this week, and the store hopes to pay them all out in 2015. Will it happen? Who knows? But I also know a store with no money to pay out can't pay out money, so it seems like waiting is better than nothing at all.

You can read more about the developments here. 

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Corbin Hosler

Corbin Hosler is a journalist living in Norman, Oklahoma (also known as the hotbed of Magic). He started playing in Shadowmoor and chased the Pro Tour dream for a few years, culminating in a Star City Games Legacy Open finals appearance in 2011 before deciding to turn to trading and speculation full-time. He writes weekly at QuietSpeculation.com and biweekly for LegitMTG. He also cohosts Brainstorm Brewery, the only financial podcast on the net. He can best be reached @Chosler88 on Twitter.

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4 thoughts on “CardMageddon pays out… a little

  1. I’ll say this: this is far more effort than most people expected just a week ago… so let’s give credit where credit is due.

    Yes, the event was an abysmal failure … but at least they’re not just trying to give everyone the finger and run.

    1. I’m also interested in seeing email transcripts between them and Wizards in which it was “guaranteed” there wouldn’t be a GP that weekend, because I feel like that would be a relevant factor in a tournament’s failure. Maybe not, but for a new tournament venue trying to start up, having to compete with a known event such as a GP could be devastating.

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