This subject has been dealt with at great length on the forum, and there is no new information since.. I remember the incident well.
I disagree with IUSEDTOBERICH, however. Although in the context of the Mirage Sportsbook handle, they took a very modest loss booking this event, this event did impact the sport of pool.
The Mirage, which was only about a year old at the time, was making a huge effort to host sporting events on its Vegas property, with the centerpiece being boxing, for which they built a new venue. The idea was to bring action to its sportsbook, and obtaining the Challenge of Champions was a small part of their strategy. There may be a few who still believe that what happened was on the level, but in the end the only opinion that mattered was that of the Mirage, and they didn't like what they saw. When the contract ran out a few years later, not surprisingly, Mirage didn't renew the event, and word spread quickly that booking pool was a dangerous proposition. Mirage would have had every reason to grow the event, and the prize money, which was already very good in that event, would likely have risen even higher over time.
Hence, even for those few who think it was all on the level, there is no denying that this was a missed opportunity for pro pool. Snooker has a big handle in the UK, and the Mosconi Cup is also a bettable event there. People have an appetite to bet on cuesports, but this incident has a lot to do with why casino sportsbooks in America don't take action on pool. First impressions count, and pool had a bad debut at the Mirage.