There is an update to this story (Jan 12, 2023).
So I along with possibly many players that placed in RevMajor 2023 signed a contract after our respective tournaments’ conclusion that will be receiving prize money 30 – 60 Working Days. (1/3)
— Isekai|HBA Allidar (@671_Cabra) January 8, 2024
Rev Major has been called out by Isekai|HBA Allidar on Twitter (also known as X). The individual has alleged that he, along with other players who have placed for the tournaments within the event, have not yet received their share of the winnings they should have received from placing a high enough rank in the event.
In his posts, he stated that they had signed contracts stating that they were to receive it 30-60 days after the event. Which had taken place at the start of October 2023, as it is now January of 2024. The promised time for the organizer to give out the earned winnings has come and gone.
Allidar had gone on to tag not only the event but also the organizer behind the event, Gariath Concepts. Who has not released an official response to this post, which was about 10 hours ago from the time of this writing. No other competitors have come forward at this point, either. Allidar participated in the Super Smash Bros. Ultimate tournament where he was the champion in REV Major 2022 and placed 2nd in REV Major 2023.
Gariath Concepts has not made any official statements yet in regards to the issue, we’ll be posting updates for any developments on this news.
UPDATE: Jan 12, 2023
Some of the competitors have shown that they have received their share of the prize money, which does come with a caveat. One of the competing players that placed, shows that he was able to receive a part of the prize money, with a sizeable chunk missing from the ideal amount. Approximating 20% of the money they won to be missing without an explanation from the organizers.
Additionally, a 4th placer in the Street Fighter tournament claims to have received only 2,500 PHP. Where if the breakdown of placements are to be believed, should have been 6,700 PHP. This is taken from computing the total prize pool formed by the participants paying 1,000 PHP to enter every tournament. The Street Fighter tournament had 97 participants.
The organizers or the relevant social media pages have not addressed this matter at the time of this writing.