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WSOP Million Dollar Buy In Event

Posted 6/3/11 :

Entrants will have to pony up a cool million dollars to compete in this one!
 
The World Series of Poker has announced plans to stage a card tournament next year at an unprecedented buy-in of $1 million.
 
WSOP officials said Thursday that the event would have a no-limit Texas Hold ‘em format and would be branded The Big One for One Drop, a reference to the Series's charity initiative with One Drop, a non-governmental organisation in Montreal that campaigns for access to water in Third World countries.
 
The tournament will be a three-day event starting July 1 2012, and will award a specially designed platinum bracelet, with results counting toward WSOP records and player statistics.
 
The $1 million entry fee dwarfs that applicable to all current live poker tournaments; a super-high roller event at the Aussie Millions in January this year cost $250,000 to buy in, and attracted 20 entries.
 
High profile poker pro Daniel Negreanu, already a four-time WSOP gold bracelet winner, has said he will enter the event, provided he has not gone broke in the interim.
 
Reporting on the new tournament, Associated Press noted that $200,000 is considered a steep buy-in for a single session at even the biggest cash games in Las Vegas, at Bobby’s Room at the Bellagio and Ivey’s Room at the Aria Resort & Casino.
 
Negreanu is not alone in expressing interest; 15 other players already have confirmed plans to play, including Treasure Island hotel-casino owner Phil Ruffin, Cirque du Soleil founder Guy Laliberte, MGM Resorts International executive Bobby Baldwin and poker professionals Johnny Chan, Tom Dwan and Patrik Antonius.
 
ESPN plans to televise the tournament.
 
Guy Laliberte, a respected high stakes player as well as the founder of the Cirque du Soleil, told AP that the entry fee could even things out in the competition, and generate enough action to make its top prize the biggest ever.
 
“This is definitely an element that will influence, probably, some of the way of playing,” he said. “This is a lot of money for many people, and that’s why I’m saying the game might be balanced between the billionaires and the millionaires.”
 
About 11 percent of the buy-in will go to the charity, and the series plans to skip its normal fees, roughly 10 percent, to host the tournament.
 
World Series of Poker owner Caesars Entertainment Corp. plans to enter two players, one through a smaller tournament that awards an entry fee and another through a separate casino promotion. Quebec Casinos also plans to award an entry fee, and some prominent businessmen have plans to play, including Texas banker Andy Beal.
 
The tournament is expected to take place at the Rio All-Suite Hotel and Casino in Las Vegas on July 1, 2012 and will take a maximum of 48 players.

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Gambling News :

SquwaKa To Enter sports betting sector - Football digital content platform SquwaKa will be entering the sports betting sector with the launch of a new FSB Technology built and powered sports betting service to sit alongside its fantasy sports offer.

Softswiss in game deal with Booming Games - Platform and white label provider SoftSwiss has launched a portfolio of 50 plus Booming Games titles following a partnership deal announced this week.

RaceBets Acquired by Betsson - Niche operator #RaceBets complements #Betsson offering with a proprietary horse racing product and an experienced horse betting trading team.

Playtech buys back 780,000 shares - Playtech's advisory earlier this week that it is to embark on a Euro 50 million share re-purchase initiative has been quickly followed by a notification from the company that it has bought an initial tranche of 780,000 shares at prices ranging between 797.75 and 816.63.

Cash In Roulette - The relatively new online gambling games developer Be The House, has announced that it is to launch its unique Cash In Roulette product with William Hill Online.

EveryMatrix in game deal with Endorphina - #EveryMatrix Prague-based online slot developer Endorphina has found a new outlet for its games, signing a content supply agreement with white label provider EveryMatrix.

2017 Turbo Championship of Online Poker Schedule - Pokerstars has announced the schedule for the 2017 Turbo Championship of Online Poker (TCOOP), which includes some changes following player feedback.

Divine Fortune Slot Launches - NetEnt has joined the end-of-year rush to get new games out for the holiday season, launching a Greek mythology-themed online slot titled Divine Fortune.

Jack Lam Does Not Have a Cagayan Gambling License - Aguirre last week accused Lam of attempting to bribe him and Pagcor chief Andrea Domingo following the mass arrests of 1,316 Chinese workers at Lam's Fontana Park premises in the Clark Freeport on immigration charges.

Japan Gambling Bill Gathering Momentum - Japan's gambling liberalization bill allowing land casinos to set up and operate has achieved unexpected progress since passing a Lower House committee of the Diet earlier this week.

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