As my amigo would say, I believe the below to be IMPORTANTE. Take a min to read please and then an extra minute to ask your favourite ambassadors to push the message internally.
The main problem is there is multi parts of a tournament and with such long late reg you have to turbo the structure to get the other parts "over with".
Two scenarios:
1) 5 hour late reg, you need to also get ITM, get to the FT and finish the FT. Tournaments cant last more than 10 hours really, so over half of the tournament is spent on the late reg meaning the structure is incredibly fast by design.
2) 2.5 hours late reg, you can now spend 2 hours getting itm, 2 hours getting to the ft and 2 hours on the ft. 8 hours total and crucially only 25% of the tournament in "reg phase" meaning the tournament is never rushed at any point and the average stack stays high throughout.
Additionally & crucially, it makes the tournament into a shove/fold fest, where amateurs are unable to see flops with pretty hands, whenever they make wide limps/calls/raises they are immediately punished. It lowers the skill element of the game a lot and it makes potential winrates essentially non existent.
Even worse, so much of the schedule is PKO, you basically shouldn't register a PKO after level 3 anyway, so there is really NO NEED.
I hope the industry can correct itself.
Late registration online shouldnβt be more than 2.5 hours & live shouldnβt be longer than 8 hours. So many people choose to reg at the last second regardless when that second is. The extra entries the field gains for the extra hours doesnβt justify the detriment to the structure