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Poker News | World Poker News

2012 WSOP to Host First Ever $1 Million Buy-in Event

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The World Series Of Poker has a rich legacy, and for the 43nd annual event which gets underway in Las Vegas, in the summer of 2012, the tournament series will be richer than ever with the first $1 Million buy in tournament.

For many years the ‘big dog’ at the WSOP was the $10,000 buy-in No Limit Holdem World Championship event which was the grand finale of the planet’s most famous tournament series. While that event is still considered to be the most prestigious poker tournament of the year, it is far from the biggest in terms of buy-ins. In 2006, after 35 years, the $10K buy-in Championship event was trumped when the WSOP hosted the first $50,000 buy-in HORSE event which attracted 143 players with poker legend Chip Reese being crowned the champ, taking down $1,716,000. Fast forward to 2012 and the WSOP will make history once again with a staggering $1 Million buy-in tournament to benefit One Drop.

Tagged as ‘The Big One for One Drop’ this impressive event will have the most massive price tag for a charity poker tournament in poker history. The Big One for One Drop will be held from July 1st through 3rd in 2012 at the Rio All-Suite Hotel and Casino in Las Vegas, Nevada as part of the 43rd Annual WSOP. The tournament is scheduled to be broadcast on ESPN and if the milestone event can attract at least 22 players, it will be designated an official bracelet event with the winner being awarded the first ever platinum WSOP bracelet.  Players who can afford the hefty price tag and want to sign up will be required to make a $50,000 deposit to reserve their seat, with the remaining amount payable 14 days before the event kicks off on July 1, 2012. Once seated, players will start with 3 million in chips and play 60 minute levels. If the registration cap of just 48 players is met, the prize pool will swell to over $40 million with the winner taking home a phenomenal $17 million first place prize.

About One Drop

The One Drop organization was the brain child of Cirque Du Soleil founder Guy Laliberte, who started the charity as a way to provide clean water to nations all over the world. The Big One for One Drop poker tournament is yet another way for the charity to raise awareness and funds to provide access to safe and clean water to help fight poverty around the globe.  Out of each $1 million Big One for One Drop tournament buy-in, 11.11 percent will go to One Drop. So far, the players who are on board for the big event include One Drop Board of Directors President Guy Laliberte, Phil Ruffin, Owner of Treasure Island Las Vegas, and CEO of MGM-Mirage Resorts Bobby Baldwin. Famous poker players who have committed to playing the Big One for One Drop include Tony (Tony G) Guoga, Doyle Brunson, Gus Hansen, Patrik Antonius and Andy Beal.

Well known for his philanthropy around the world, PokerNews founder Tony G has come on board to not only to play in the charity event, but to bring as much attention to the One Drop organization as possible by displaying promotional banners during this year’s WSOP which encourage players to donate to One Drop’s cause. Speaking out on his efforts, Tony G said, "One Drop is an extremely intelligent, important charity organization and I'm honored to play a part in giving back. This is a perfect partnership for the WSOP and for poker in general,"

Commenting on the upcoming event, Gary Loveman, Caesar Entertainment Corporation's chairman, president and chief executive officer said, "We are proud to align the planet's premiere poker event with the foundation created by one of our generation's most creative entrepreneurs, Guy Laliberte, to help make the world a healthier place."

To help One Drop in their mission to fight poverty by providing access to clean water sources around the world, go to to donate or to find out more about this worth while charity.

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