Traditionally, those events tend to have issues, and hose people over, and the promoters don't have the best rep in the business.
For people who go and have a great time, awesome! The sad thing is that most people go and have issues, and to promote a series that may lead to mass issues amongst the players, it becomes a bit tough to endorse it to encourage people to attend, knowing there's a good chance they'll get screwed over in prizes, etc.
Not a ding against you the poster, or those folks who do go and have a great time.
hope that helps.