Look, I do things a little differently. If I advertise a payout, that's what it is come hell or high water. I've been putting on tournaments for over twenty years and every one has been paid in full - AND RIGHT NOW! Not days, weeks or months later. I know that's not the norm, just how I do things. I don't expect you to understand, but thanks for asking anyway.
I still think it's a little unfair to advertise one thing to get players to come and then change something as vital as the prize money at the last minute. If you think that's okay, then we see things a little differently.
I'm with you a 100% BUT this time it's the players/countries fault for not confirming on time rather then the organizers fault.
I would have done things a bit differently but it is irrelevant for this discussion.
Do NOT forget that it cost nothing, Zero, Zilch to play in this event, no money comes from the players!!!
As for paying on time, well they said that the players will get paid immediately by a bank transfer. Since I'm in the money already, I'll let you know how fast i got paid....

I really hope that this event will catch up and return every year and will become the biggest event for pool annually I hope they'll find a better date, not to clash with any other big events, it is a great billiards happening with a great format and a great setup.