View Full Version : Big tournament

12-13-2005, 01:58 AM

LOS ANGELES - Six players will compete in a winner-take-all $60 million televised poker tournament next summer.

Fox Sports Net and Mansionpoker.net reached agreement on a three-year deal Monday, with the pots growing to $75 million in 2007 and $100 million in 2008 for the one-day competitions at the Crown Casino in Melbourne, Australia.

The first tournament is scheduled July 12 and will last at least six hours and up to 10 hours, said FSN vice president of programming and production George Greenberg.

"This event will transcend poker in the United States and take on a global platform," Greenberg said. "It'll be the largest single payday in the history of sports and will turn the poker world on its ear."

Phil Ivey, considered among the world's best Texas Hold 'em players, will be in the field. The other players will be announced later, Greenberg said.

Among the most popular televised poker events is the World Series of Poker. Joseph Hachem of Australia collected $7.5 million for winning the main event of the 36th World Series in Las Vegas last summer. A field of 5,619 entered the $10,000 buy-in Texas Hold 'em tournament. Each of the nine players who reached the final table won at least $1 million.

Nice EV.

12-13-2005, 09:24 PM
It would be interesting to know what percent of each player's buy-in is funded from his personal roll and what percent is staked.

12-13-2005, 10:23 PM
The three mega-events are stand-alone tournaments, with the first being contested in Australia at one of the world's finest luxury casinos. The 2006 mega-event is a single-table tournament featuring six players, each of whom will buy-in for $10 million. The tournament also features the biggest starting blinds of any sanctioned poker tournament in history.

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very disappointing to see that the players will be required to pay 10 million to play in a neutral ev tournament. im sure that they are going to pay the players a good sum of money to play but i cant see this tournament taking place unless they are putting up a huge portion of the prize pool. how many players just have 10 million to laydown on a tournament? yah players like phil ivey can find backers but what about the other players?


looks like a good time to short wpt stock ;(

12-13-2005, 11:31 PM
...phil ivey can find backers but what about the other players?

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The hype for, and word-of-mouth publicity this game is going to get just might make it so big a lot of backers are going to start lining up deals. There are a lot of big bucks types who'll clamor to get in on this thing. They'll want to be able to brag how they backed so-and-so.

Now, if they can find a way around logo problems because the paying advertisers won't allow them, I can see Mike M. showing up wearing a shirt that looks like a NASCAR entry.

12-15-2005, 02:53 PM
The zoo should back Granny Mae in this one.

12-15-2005, 09:51 PM
I am highly skeptical that there are any poker players who could afford to put up $10 million in cash to play in this tournament. Even some of the more established professionals would likely have much of their money invested in other pursuits.