$1,000,000 Buy-in Tourney at 2012 WSOP - Page 5 - Poker News

lol. the rio takes 10% anyways and they arent for this event, so it is only slightly more rake than a typical event. if a player wants to play this event they either dont care about the charity and just want to play, or somebody who is rich enough to play this for the charity. nobody is going to not play this who otherwise would because of the rake goes to a charity instead of the rio.

The rake is too damn high!!!

If those poor thirsty folks want water maybe they should go to Vegas -- drinks are always comped at the tables I play at.

06-02-2011 , 08:37 PM

#103

PALLADIN

journeyman

Join Date: Feb 2006 Posts: 277

What bad timing. This announcement could have waited until the end of the WSOP.

Full Tilt Patch on Gus Hansen, Durr with no patch, Patrik Antonius with no patch, Negreanu not at the PC, Andy Beal will play, 15 people minimum guarantee. Capped At 48?

$111,111 to One Drop. 20% paid.

06-02-2011 , 08:41 PM

#104

jwc529

Pooh-Bah

Join Date: Aug 2007 Posts: 5,112

ivey scared obv.

06-02-2011 , 08:44 PM

#105

Sc00by

Pooh-Bah

Join Date: May 2010 Posts: 4,485

If I can get 9,999 people to buy 0.01% Im there !!

Quote to book ldo.

06-02-2011 , 08:44 PM

#106

xmykro

adept

Join Date: Mar 2007 Posts: 1,068

Looking forward to it. I think they will get 30+ players

06-02-2011 , 08:46 PM

#107

PALLADIN

journeyman

Join Date: Feb 2006 Posts: 277

Now they'll promote this thing like WWE is promoting Wrestlemania for 2012.

Might as well call it Pokermania 2012!

06-02-2011 , 08:51 PM

#108

moki

Carpal \'Tunnel

Join Date: Oct 2005 Posts: 8,051

Quote:

Originally Posted by Maso777

Everyone who enters is paying 110K to charity, so a lot of money will be raised for a good cause. If you want to blame someone, blame all the idiots who voted Republican in the last decade.

bzzzzzzt, try again. Both parties have screwed us with regard to online poker.

The SAFE Port Act passed the house with a 409-2 vote, and the senate with a 98-0 vote. Hardly a party line, or even close vote.

Barney Frank (D) and Joe Barton (R) have both been actively working on a way to legalize online poker, so props go to them both (especially Frank).

06-02-2011 , 08:51 PM

#109

Supra1988T

centurion

Join Date: May 2009 Posts: 192

Who ****ing cares?

06-02-2011 , 08:52 PM

#110

poker edge

Pooh-Bah

Join Date: Nov 2009 Posts: 3,646

Brilliant. This is all we need. Build everyone up, and then kick us all in the dicks and send us all tumbling back down. Fantastic. Thanks for that.

06-02-2011 , 08:56 PM

#111

hogiemeister

centurion

Join Date: Mar 2010 Posts: 107

Quote:

Originally Posted by Gullanian

If they need a final table dealer for that im available

+1

This sounds ridiculously absurd but hey if it's their money I guess they can do whatever they like with it...

06-02-2011 , 08:59 PM

#112

poker edge

Pooh-Bah

Join Date: Nov 2009 Posts: 3,646

Quote:

Originally Posted by n0nplussed

FWIW, this tourney is like, the most disgustingly ironic thing I've ever read.

I appreciate that a percentage goes to charity (giving it directly to charity is apparently quite difficult), but the very idea that, while the entire online poker world is reeling and otherwise good players with good BRM are IRL broke and going crazy as a result, Guy has the balls to have a $1,000,000 FO is about as much of a kick in the teeth as it gets.

"Sorry for your troubles, guys... but look how much money WE still have!"

It's like Guy wanted for you all to feel pain and he planned it all out. Then as he was standing watching a huge 70" monitor with everyone getting their hopes up on 2+2 some guy from the back of the room shouts "finish them!" at which point he reveals his $1M tourny.

06-02-2011 , 09:01 PM

#113

StrippersNBlow

journeyman

Join Date: Jul 2010 Posts: 263

Quote:

Originally Posted by moki

lol. Bill Frist was the senate majority leader, and backdoored the act on a can't fail bill. Were you just not around at the time and not paying attention, or are you being intentionally obtuse?

I'm not saying ONLY republicans are to blame, but they're the ones sucking from the religious right's tit, and have initiated every opposition to online poker. Always for smaller government, unless it serves their purpose.

06-02-2011 , 09:01 PM

#114

therightdeal

Carpal \'Tunnel

Join Date: Aug 2010 Posts: 6,256

Quote:

Originally Posted by PALLADIN

Now they'll promote this thing like WWE is promoting Wrestlemania for 2012.

Might as well call it Pokermania 2012!

Pokermania? Is that the best you could come up with? Pokermania?

06-02-2011 , 09:02 PM

#115

OMG_LadyGaga

veteran

Join Date: Aug 2010 Posts: 2,302

This is pretty cool/balla, haters gonna hate. 1st place will probably be the same as winning main event, except instead of beating 6k players you get to beat 20. cool

06-02-2011 , 09:02 PM

#116

WilliamFloyd99

banned

Join Date: Jun 2011 Posts: 110

I could care less about this announcement, and am extremely disappointed.

06-02-2011 , 09:03 PM

#117

poker edge

Pooh-Bah

Join Date: Nov 2009 Posts: 3,646

Quote:

Originally Posted by David123

event for charity: NVG is outraged.

lolcopter.

ahhh you do make me lol

06-02-2011 , 09:06 PM

#118

hogiemeister

centurion

Join Date: Mar 2010 Posts: 107

Quote:

Originally Posted by poker edge

I lol'd

06-02-2011 , 09:45 PM

#119

I_Luv_Wilco

adept

Join Date: Nov 2008 Posts: 719

If Phil Ruffin wins this then I accept that the universe is telling us all to walk away from poker.

06-02-2011 , 10:09 PM

#120

dlk9s

Carpal \'Tunnel

Join Date: Nov 2004 Posts: 22,503

Quote:

Originally Posted by Da33le

joe bloggs

Nice.

06-02-2011 , 10:17 PM

#121

ThatsABingo

banned

Join Date: Nov 2010 Posts: 1,414

Good thing the world will end in 2012 amirite

lol richpeopleaments.

06-02-2011 , 10:25 PM

#122

TheNoodleMan

Wet Noodle

Join Date: Jan 2005 Posts: 16,566

Can the the $111k be written off as a charitable donation on taxes?

06-02-2011 , 10:56 PM

#123

Webjoker

adept

Join Date: May 2007 Posts: 1,046

Quote:

THE WORLD SERIES OF POKER ANNOUNCES A $1 MILLION BUY-IN TOURNAMENT AND ONE OF THE MOST SIGNIFICANT CHARITY INITIATIVES IN POKER HISTORY,
TO BENEFIT ONE DROP

Las Vegas, June 2, 2011 – The World Series of Poker® (WSOP) announced today that it is adding a new $1 million buy-in poker tournament as part of the 43rd Annual World Series of Poker on July 1, 2012 to benefit ONE DROP, a non-governmental organization aiming to fight poverty worldwide by supporting access to water and raising each and every one’s awareness of water-related issues.

The BIG ONE for ONE DROPTM tournament is expected to generate one of the largest prize-pools in tournament poker outside the WSOP Main Event and award the winner millions of dollars and a specially-designed WSOP platinum bracelet.

ONE DROP has received commitments from 15 participants thus far. They are: Guy Laliberté, Chair of ONE DROP and Founder of Cirque du Soleil; Bobby Baldwin, four-time WSOP gold bracelet winner and President & CEO City Center Group; Phil Ruffin, Owner, Treasure Island Resort, Las Vegas; poker professionals Patrik Antonius, Gus Hansen, Daniel Negreanu, Johnny Chan, Tom Dwan and Tony Guoga. Quebec’s Casinos and a European group intends to offer satellites as well, plus a prominent businessmen will also join, in addition to Andy Beal.

Caesars also intends to offer two additional entries. One will go to the winner of a Mega Satellite, while the other will come from a yet to be determined promotion.

"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 Laliberté, to help make the world a healthier place," said Gary Loveman, Caesars Entertainment Corporation's chairman, president and chief executive officer.

“We agree with ONE DROP that water is one of the most important issues of this century and this tournament was created to take advantage of our infrastructure and resources to help ONE DROP fulfill its important mandate,” said Mitch Garber, CEO of Caesars Interactive Entertainment. “With The BIG ONE for ONE DROP, we hope to attract public figures and recognized business community leaders, who will join our efforts and participate in a historic event while supporting ONE DROP’s activities.”

“Since giving back to the community is a key part of Quebec’s Casinos’ philosophy of social commitment, we couldn’t miss out on the opportunity of partnering with ONE DROP for this grand charity event. We often organize benefit tournaments, but this tournament definitely stands out. Our team is ‘all in’, without hesitation,” said Claude Poisson, President of Quebec’s Casinos.

“I'm very happy to participate in this event. As a partner and friend to Guy, I have always admired his commitment to ONE DROP,” said Phil Ruffin, Owner, Treasure Island Resort, Las Vegas.

“A million dollar buy-in seems crazy, and well, it is, but when you factor in a great cause like ONE DROP getting a percentage of the prize pool, all of a sudden it seems like a fantastic idea, and a great way to raise money for charity,” said Canadian poker pro Daniel Negreanu. “Count me in.”

“I'm very excited to play this tournament because I think ONE DROP is a great charity organization and this will be the biggest tournament with part of the prize pool used for a good purpose,” added professional poker player Patrik Antonius. “It will be a lot of fun!”

“ONE DROP is an extremely intelligent, important charity organization and I'm honored to play a part in giving back,” said businessman and poker pro Tony Guoga. “This is a perfect partnership for the WSOP and for poker in general.

“I am buying in,” exclaimed young poker professional Tom Dwan. “$1 million has a nice ring to it. It’s so sick, and for such a good cause, now I just gotta win.”

“Supporting Chris Ferguson’s charity I spent 4 weeks in Africa last year, and I came to realize what a precious resource water is—therefore it is a pleasure to enter the biggest poker tournament ever and at the same time support the ONE DROP organization,” said recent WSOP gold bracelet winner Gus Hansen.

The tournament is expected to take place at the Rio All-Suite Hotel & Casino in Las Vegas on July 1, 2012 and intends to be structured as a three-day tournament. The event intends to take a maximum of 48 players. Final funds are expected to be due 14 days prior to the event commencing. Subject to the rules of the tournament, anyone age 21 or older is eligible as long as they have the $1 million entry fee. 11.1% of the tournament buy-in intends to be donated to ONE DROP, with $889,889 going towards the prize pool.

“Since its creation, ONE DROP has reached out to millions of people to support access to water and raise each and every one’s awareness of water-related issues. And today, knowing that one person dies from a water-borne disease every 20 seconds, I urge everyone to do even more,” said Guy Laliberté. “We are looking forward to The BIG ONE for ONE DROP as a creative and innovative solution to fund ONE DROP projects that help fight poverty by supporting access to water worldwide.”

U.S. television network ESPN intends to televise this event as part of its coverage of the 43rd Annual World Series of Poker in 2012. A specially-designed WSOP platinum bracelet will be awarded to the winner, as long as at least 22 participants are entered in the event. (Doyle Brunson defeated a field of 22 players for his first of back-to-back WSOP Main Event titles in 1976).

The tournament is expected to pay out a record 20% of the field—double the typical poker tournament payout structure. For example, if 20 players enter, four will cash. If 30 players enter, six will cash, etc.

The tournament will bring together individuals in an unusual way for the cause of water for all. It is the belief of the organizers that this event will attract high-net-worth individuals from all over the globe and across a wide range of businesses and occupations.

The BIG ONE for ONE DROP is an unprecedented effort to raise awareness of water-related issues amongst the poker community and to raise funds to allow ONE DROP to continue to deliver on its important mandate. Funds will be directed to ONE DROP projects around the world, where the team is hard at work dealing with the local water crisis.

- 30 -

About ONE DROP

ONE DROP—an initiative of Guy Laliberté, Founder of Cirque du Soleil—is a non-governmental organization established in Montreal, Canada and active worldwide. ONE DROP’s mission is to fight poverty by supporting access to water and raising each and every one’s awareness of water-related issues through its distinctive approach based on social arts and popular education. In the U.S., ONE DROP is a public charity that undertakes innovative activities in which water plays a central role as a creative force to generate positive, sustainable change worldwide. ONE DROP continues to reach out to the world to realize its dream of safe water for all, today and tomorrow. To learn more about ONE DROP, visit ONEDROP.org.

Official release.

06-02-2011 , 10:57 PM

#124

tripsONacid

grinder

Join Date: Oct 2009 Posts: 644

Quote:

Originally Posted by justonemoretime

The rake is too damn high!!!

If those poor thirsty folks want water maybe they should go to Vegas -- drinks are always comped at the tables I play at.

also stfu complaining thats it's a bracelet event. There's nothing stopping ye grinding up your rolls and buying in. Oh no wait. lol Americans

06-02-2011 , 11:27 PM

#125

AQsuited

adept

Join Date: Sep 2010 Posts: 814

Quote:

Originally Posted by tripsONacid

also stfu complaining thats it's a bracelet event. There's nothing stopping ye grinding up your rolls and buying in. Oh no wait. lol Americans

lolz so true, 99% of you guys could barely scrap together enough cash to play in the 10K Main Event but i dont here anybody shoulting a big FU to all those playing in it

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