A live poker festival will be held in London's Loose Cannon Club between November 14th and 16th this year.

The three-day poker extravaganza is being launched by PKR.com and will feature Sit & Go tables throughout the PartyPokerweekend.

Players who take part in the event will be competing for a share of prizes and cash thought to be worth nearly $100,000.

ThePKR Live Festival opens with a $60 warm-up tournament and progresses to the main event the next day.

Simon Prodger, marketing director for PKR.com, commented: "[We] know that many of our players enjoy playing live. So now we are crossing the bridge to bring some of our fantastic PKR community together for a truly one-of-a-kind festival."

There will be 150 qualifiers for the competition, all of whom will receive packages worth $1,000, which will pay for their accommodation and buy-ins.

In related news, the World Series of Poker Europe is heading to London later this month. In 2007, the main event was won by Annette Obrestad who took home £1 million ($1.75 million