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Posts Tagged ‘World’

WPT Announces Alpha8 Stops In London And Johannesburg

The Alpha8 Tournament Series is the World Poker Tour’s ambitious attempt at popularizing Super-High-Roller tournaments and bringing them to a wider, mainstream audience. After a fairly inauspicious debut at the Seminole Hard Rock Poker Open in Hollywood, Florida, the WPT has now announced two more Alpha8 tournaments; one a very safe stop in London, and the other a not-so-safe-stop in Johannesburg, South Africa.

The addition of London to the Alpha8 schedule was almost a certainty, but the decision to host a $100,000 buy-in tournament in Johannesburg is a far more intriguing proposition, and a far riskier venture. While there is always the risk of a poor turnout for one of these events, it seems unlikely that less than a dozen players would participate in a Super-High-Roller tournament held during the WPT London series. On the other hand, it’s not out of the realm of possibility that a $100k buy-in event in South Africa could draw just a handful of players, which could be disastrous for the fledgling tour.

The Alpha8 tournament in London will once again be a two-day tournament with reentries, and will take place on October 28th and 29th. The Johannesburg tournament will take place in February of 2014, and will be hosted by the Emperors Palace Hotel & Casino Resort.

Here is a look at the full press release on the two new Alpha8 stops:

Los Angeles, CA (September 26, 2013) – Following its successful launch with WPT Alpha8 Florida, World Poker Tour® is adding two new super high-roller tournaments to its schedule with the £100,000 WPT Alpha8 London starting October 28, 2013 and the US$100,000 WPT Alpha8 Johannesburg starting February 14, 2014.

A two-day event with re-entry, WPT Alpha8 London is designed specifically for an international field consisting of the best-known professional players and wealthiest recreational enthusiasts. Held in Mayfair’s beautiful Palm Beach Casino, the tournament will be played on the glamorous WPT Alpha8 set and filmed for broadcast on FOX Sports 1 in early 2014.

We are very excited to name London as the second stop for our new Alpha8 series,” said WPT President Adam Pliska. “With its long-standing reputation as one of the world’s premier cities and financial capitals, London offers all of the amenities any high-stakes poker player could possibly desire. Its combination of culture, fine dining, nightlife, and enthusiasm for high-stakes poker make it the perfect venue for a unique event such as Alpha8.”

Hosting WPT Alpha8 suits the exclusivity of both the tour and the Palm Beach Casino.” said Tony Pearce Managing Director – London Genting Casinos UK Ltd. “We are extremely excited with the expected high-stakes cash games surrounding the event, which will be bigger than anything seen before in London and which will recreate the famous big game held in Macau.”

On February 14, 2014, World Poker Tour’s cameras will travel to the Emperors Palace Hotel & Casino Resort in Johannesburg, South Africa for WPT Alpha8 Johannesburg. Featuring a US$100,000 buy-in with re-entry, this two-day tournament will also be filmed for broadcast on FOX Sports 1.

South Africa is home to one of the most enthusiastic poker communities anywhere, and the gorgeous Emperors Palace Casino is truly a one-of-a-kind gaming destination,” Pliska said. “The resort offers everything the discerning, high-stakes player wants, whether it’s world-class poker or the chance to enjoy an unforgettable vacation in one of the world’s most beautiful and exclusive destinations. Emperors Palace truly epitomizes what Alpha8 is all about.”

Poker is one of the fastest growing games in South Africa and an event like WPT Alpha8 is going to be a huge draw for players from all across the country,” said Peermont & Emperors Palace Chief Operating Officer for Gaming, Bob Yearham. “Combine that with the fact this event is taking place at the height of summer in South Africa, and this will truly be a must-attend event for players seeking an unforgettable poker experience.”

The magnificent resort and its five-star hotel is located less than five minutes from OR Tambo International Airport and all players at WPT Alpha8 Johannesburg will receive VIP ground transportation to the resort, one week’s complimentary accommodation at the Doreale Grande Hotel, a dedicated VIP host, and an invitation to a free, two-night safari where they can enjoy the natural beauty of the South African wilderness.

For more information on upcoming WPT Alpha8 events, please contact events@wpt.com.

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2013 Poker Hall of Fame Finalists Revealed By WSOP

Two of the 10 finalists for the Poker Hall of Fame will be given poker’s grandest honor on November 3, 2013 when they are inducted into the Poker Hall of Fame during a special ceremony at the Wine Tasting Room inside the Rio. This year’s inductees will join fellow poker greats like Doyle Brunson, Phil Hellmuth, Johnny Chan, and Johnny Moss, cementing their legacies in poker.

The WSOP’s press release detailed the voting process from this point forward, as well as the aspects the voters are asked to consider:

The above list of names will be submitted to the 19 living Hall of Fame members and an 18-person media panel later this month for voting. Only these 37 individuals cast votes for induction.

The criteria they will consider in their vote are as follows:

- A player must have played poker against acknowledged top competition

- Be a minimum of 40 years old at time of nomination

- Played for high stakes

- Played consistently well, gaining the respect of peers

- Stood the test of time

- Or, for non-players, contributed to the overall growth and success of the game of poker, with indelible positive and lasting results.

This year’s finalists include:

  • Chris Bjorin
  • Humberto Brenes
  • David Chiu
  • Thor Hansen
  • Jennifer Harman
  • Mike Matusow
  • Tom McEvoy
  • Carlos Mortensen
  • Scotty Nguyen
  • Huckleberry Seed

Mike Matusow, Humberto Brenes, and Carlos Mortensen are all first-time nominees –which makes it unlikely they will be inducted this time around, even though Mortensen is a no-brainer to be a hall of famer down the road.

Unlike recent years, there isn’t really a “shoe-in” this time around. From the above list I would personally give the nod to Jennifer Harman and Carlos Mortensen, but if we are talking about what the actual voters will do I would say that Chris Bjorin, Thor Hansen, David Chiu, and Jennifer Harman are the prohibitive favorites:

  • Jennifer Harman 1/2 to be inducted

I thought Harman would get in last year, but the HOF voters went old-school on us and selected Eric Drache and Sailor Roberts. This year there is no “nostalgia” pick to select (which is depressing to me considering there are still many “old-timers” who deserve to be inducted) so I think this is Harman’s year.

  • David Chiu 3/1 to be inducted

Chiu’s profile got raised this summer when he won his 5th WSOP bracelet, which had a lot of people reexamining his stats over the years.

  • Chris Bjorin 4/1 to be inducted

Bjorin’s stats stack-up nicely to Chiu’s, and his European ties could edge him past Chiu for some voters who are looking to globalize the Hall of Fame –Can someone explain to me how Marcel luske isn’t a finalist???

  • Thor Hansen 5/1 to be inducted

Like Bjorin, Hansen is one of the trailblazers for European poker. His ongoing, public fight with cancer has seen his accomplishments and larger than life personality brought into the public eye.

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WPT Announces Major Change To $25k Championship Tournament

The changes are continuing on the World Poker Tour. In the course of the past few months the WPT has announced the creation of the Alpha8 Super-High-Roller tournament series; replaced Kimberly Lansing with Lynn Gilmartin as the WPT host; launched a five-stop UK National Series Tour; and this week the WPT announced that the WPT Championship will be moving from the Bellagio in Las Vegas to the Borgata in Atlantic City.

Since Season 1 (back in 2002) the World Poker Tour’s $25k end of the season championship event has been held at the Bellagio, but all that will be changing for Season XII, as the WPT issued a press release stating that the Season XII Championship will be moving to the Borgata.

The move to the Borgata almost certainly has to do with the partnership between bwin.party (the parent company of the World Poker Tour) and the Borgata in the soon to be launched online gaming industry in New Jersey.

The Borgata has also been one of the few stops on the World Poker Tour that has managed to draw sizable crowds and maintain their attendance numbers since the tour started to wane around 2008. There will now be three televised WPT events held at the Borgata during Season XII of the WPT

Below is a look at the press release issued by the WPT to announce the historic change:

World Poker Tour’s Season XII World Championship Moving to Borgata Hotel Casino & Spa

Tournament Marks WPT’s Third Televised Event from Borgata in Season XII

Twitter: @WPT

Facebook.com/WorldPokerTour

www.WPT.com

Los Angeles, CA (September 17, 2013) – For the first time in its history, World Poker Tour’s prestigious, season-ending World Championship will be held outside Las Vegas at the Borgata Hotel Casino & Spa in Atlantic City, New Jersey. Together with the currently running WPT® Borgata Poker Open and January 2014’s WPT Borgata Winter Poker Open, this event will make Borgata home to three televised WPT tournaments in Season XII.

“We’re very pleased to name Borgata — now home to four of the five biggest tournaments in WPT history — the host of the Season XII WPT World Championship,” said WPT President Adam Pliska. “With Borgata’s well-deserved reputation for running world-class tournaments and providing unparalleled service to its players, we believe this venue is perfectly suited to host our season-culminating event. We look forward to working with the team at Borgata to bring the WPT World Championship to new heights.”

Along with the change of venue, World Poker Tour is pleased to welcome PartyPoker as the official sponsor of the Season XII WPT World Championship. “The partnership of WPT, PartyPoker, and Borgata brings together three of the most respected names in poker, and we look forward to making the World Championship more impressive than ever before.” Pliska said.

“We are extremely pleased to be growing our long-standing relationship with World Poker Tour and to be expanding our relationship with PartyPoker, especially as we look to launch Borgatapoker.com,” said Borgata’s Senior Vice President of Operations, Joe Lupo. “Adding the WPT World Championship Sponsored by PartyPoker is a welcome addition and an important new chapter in the history of this illustrious tournament.”

Borgata’s first televised WPT touranment of the year, the WPT Borgata Poker Open, is running now. With 1,189 entrants, this year’s event surpassed last year’s impressive turnout and genrated a massive prize pool of $3,923,700. Sponsored by ClubWPT.com, the tournament’s final table will be recorded on Friday, September 20 and will air on FOX Sports Network in March 2014. World Poker tour will return to Atlantic City for its second televised event of the season when the WPT Borgata Winter Poker Open begins in January 2014.

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November Niner Makes Interesting Staking Offer

He’s already guaranteed ninth place money ($7xx) and now Amir Lehavot is looking to lock-up an even larger payday from his WSOP Main Event final table run, offering 30% of his action at ICM, which works out to $29,248 for 1%.

According to Lehavot, his parents have 10% of his action, a friend has another 10%, and Amir has the other 80% –of which he is now selling up to 30%. Lehavot currently sits in 2nd place behind chip-leader JC Tran.

Normally buying the pretty accomplished Amir Lehavot at even money (ICM) would seem like a good idea against this lineup, but based on the payout schedule Amir would have to finish in 3rd place for investors to see a profit, and the profit would only be about $640 on a $29,248 investment. Of course, should Lehavot finish in 1st or 2nd place, earning investors $14,625 in profit per % and $47,015 respectively.

Furthermore, investors would need to submit tax information should he finish in 3rd place or higher.

Here is a look at the ROI for investors based on each finishing position are:

  • 1st place: 160%
  • 2nd place: 51%
  • 3rd place: 2%
  • 4th place: -30%
  • 5th place: -53%
  • 6th place: -70.4%
  • 7th place: -83.2%
  • 8th place: -92.8%
  • 9th place: -100%

Lehavot explained his reasoning for the pricing on 2+2:

Clearly I believe I have a skill edge and hence my finish distribution is better than ICM and hence this is a +EV investment for investors. I’m effectively selling at no markup.

I understand that investor ROI is quite limited here, i.e. the best case scenario is a 2.6x return. The downside is also significantly lower than when typically buying action, 84% of the time investors are going to get atleast 30% back, etc.
Basically because it’s the FT already the variance I’m transferring to investors per $1 is much smaller than when buying action at the beginning of a tourney.

So anyways, that’s the way I look at it. I’m fortunate enough where selling this action isn’t a high priority for me. Obviously I prefer to sell, and believe it’s a +EV investment for investors, or I wouldn’t have posted. But if I keep my entire 80%, that’s ok. I don’t intend to change the price I’m selling at.

Needless to say, the response to Lehavot’s offer was pretty polarizing; with some players (smart professional players and backers) saying this is good value, while others with the same pedigree claim it is basically a lol offer. Eager to get rewards just by playing your favorite online poker? Check out our Club Titan VIP!

WCOOP and Mini-FTOPS Highlight Tournament Schedules

It’s a very busy time for online poker tournaments, as several tournament series kicked off this past weekend, not to mention the usual slate of big weekend action that can be found across the Internet. The biggest tournaments for the next three weeks will be found on PokerStars (as they always are, but for the next three weeks they will be even bigger than usual) as the 2013 World Championship of Online Poker (WCOOP) got underway this past weekend.

In addition to the WCOOP, PokerStars sister site Full Tilt Poker will be hosting the Mini-Full Tilt Online poker Series (Mini-FTOPS) over the next couple of weeks, and over on the Merge Gaming Network the Poker Maximus VI tournament series also got started on Sunday –the Poker Maximus is the only one of the three open to US players.

WCOOP Fever Already Gripping the Poker World

The numbers are a bit mind boggling: 66 tournaments over three weeks, with at least $40 million in prize-pools waiting to be won. This can only mean that the PokerStars WCOOP has returned. The 2013 WCOOP is looking like it will be one of the biggest in the series history (which is no small order) and as always there will be a player of the Series leader-board where players will compete for even more cash and prizes.

In addition to the huge events that will be taking place the WCOOP will also be running countless warm-up and second-chance tournaments, as well as their usual daily and weekly tournaments.

For more information on the PokerStars WCOOP you can visit the following website: http://www.pokerstars.com/wcoop/

Full Tilt’s $3 million Mini-FTOPS

The Mini-FTOPS is exactly what you would expect it to be; an exact replica of the recently concluded FTOPS XXIII with the exception that the buy-in for every tournament has been slashed by a factor of 10. The series will feature 39 events with $3 million in guaranteed prize money.

The Main Event of the Mini-FTOPS will be a $70+$5 buy-in No limit Holdem tournament and will take place on September 29th.

You can learn more about the Mini-FTOPS at the following website: http://www.fulltiltpoker.com/promotions/ftops/mini

Poker Maximus at the Merge Gaming Network

85 Poker Maximus VI tournaments will be held on the Merge Gaming Network in the coming 15 days with $3 million in guaranteed prize-money on the line. The tournament are pretty affordable, with some featuring buy-ins s low as $1.10, but the Main Event will be a bit more exclusive, with a $530 buy-in.

You can learn more about the Poker Maximus series at the following website: http://www.carbonpoker.ag/promotions/poker-maximus-vi.html

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WPT Season XII Ones to Watch Revealed

I’m a big fan of “Rising Stars” and “Ones to Watch” lists, but to be quite honest, it seems like the World Poker Tour (WPT) is about a year behind on their selections. I’m not sure what they think they are accomplishing when they select players who are already on the radar, but it seems every year that most of their “Ones to Watch” list is made up of known quantities in poker.

Take last year for example. Jason Somerville, Shaun Deeb, Xuan Liu, Jason Koon, and Brian Hastings were on the “Ones to Watch” list along with legitimate “Rising Stars” like Amanda Musumeci, AP Phahurat, and Dee Dozier. Really, do we need to be told that Shaun Deeb, Jason Somerville, or Xuan Liu are strong tournament players?

So who is on the list this year? Just four players with between $900k and $2.5 million in career tournament earnings in Jeff Gross, Kyle Julius, Aaron Massey and Loni Harwood (now if they had picked Harwood BEFORE the 2013 WSOP I’d be pretty impressed) as well as Christina Lindley and the relatively unknown Athanasios Polychronopoulos. The final member of the “Ones to Watch” list is Danny Suied who I have never heard of before.

  • Jeff Gross: Career Tournament Earnings – $1,516,829

Gross is a regular on the tournament trail, playing virtually any and every tournament available from smaller buy-ins to Super-High-Roller events. It probably doesn’t hurt that he can count Michael Phelps (yah, that Michael Phelps) amongst his friends.

  • Loni Harwood: Career Tournament Earnings – $981,927

Harwood had a breakout performance at the 2013 WSOP, capturing a bracelet and making three final tables. It will be interesting to see if Harwood is able to travel the WPT circuit or if she decides to keep honing her craft in events like the WSOPC and Heartland Poker Tour.

  • Kyle Julius: Career Tournament Earnings – $2,590,313

Julius is a former online player who has transitioned nicely to the live tournament scene, attested to by his $2.5 million in career tournament earnings. Despite his monetary success Julius has yet to win a live tournament, having finished second in the 2012 PokerStars PCA and a 2012 WSOP tournament.

  • Christina Lindley: Career Tournament Earnings – $197,722

Lindley is still an unproven commodity in the poker world, but she has put together a fairly strong resume of live and online success since taking up the game a few years back.

  • Aaron Massey: Career Tournament Earnings – $1,389,626

Massey is one of those tournament grinders that quietly plugs along year after year, and with nearly $1.4 million in career earnings he is probably due for a big breakout win.

  •  Danny “Miami Boss” Suied: Career Tournament Earnings – $226,494

I’m pretty stumped on this one. Suied is definitely colorful, that goes without saying, but I’m not really sure he belongs on a “Ones to Watch” list unless the WPT knows he intends to play multiple events this season.

  • Athanasios Polychronopoulos: Career Tournament Earnings – $518,755

This is one of the selections I actually agree with this year. Polychronopoulos is a definite rising star in tournament poker so it should be fun to watch his name get butchered throughout the course of the season. Play at the best online poker room today, check out our detailed review on Titan Poker here.

 

888 Poker Signs WSOP Main Event Chip-leader JC Tran

While they may stick a patch on a bunch of players at major tournaments, 888 Poker doesn’t hand out poker sponsorships lightly. Making the cut as a member of Team888 is reserved for a select few, and the latest player deemed worthy of an 888 sponsorship deal is World Series of Poker Main Event chip-leader JC Tran.

Tran isn’t just the WSOP Main Event chip-leader though. Over the course of his long poker career he has racked-up some very impressive accomplishments, and should he win the 2013 WSOP Main Event we are likely looking at a future Poker Hall of Famer.

Here is a look at some of JC’s accomplishments:

  • Career live tournament earnings – $9.5 million
  • Won the $1,500 No Limit Holdem tournament at the 2008 WSOP — $631,170
  • Won the $2,500 Pot Limit Omaha tournament at the 2009 WSOP — $235,685
  • 2006 WCOOP Main Event Winner — $670,000
  • Won the 2007 Doyle Brunson Five Diamond Poker Classic $5k tournament — $523,075
  • Party Poker Premier League III Winner — $300,000
  • Runner-Up at the 2007 WPT LA Poker Classic — $1,177,010
  • 2007 WPT World Poker Challenge Champion — $683,473
  • Eight career Top 7 finishes on the WPT
  • WPT Season 5 Player of the Year
  • 2013 WPT Alpha8 Super-High-Roller runner-up — $526,890

On top of being an excellent poker player, Tran is also one of the most admired poker players by fans, the media and his peers. The extremely well-like poker pro will undoubtedly have the largest section at the WSOP Main Event final table in November, and with the chip-lead and his poker skills he is the odds on favorite to win the tournament.

Here is a look at the 2013 WSOP Main Event Final Table chip-counts:

  1. JC Tran — 38,000,000
  2. Amir Lehavot — 29,700,000
  3. Marc McLaughlin — 26,525,000
  4. Jay Farber — 25,975,000
  5. Ryan Riess — 25,875,000
  6. Sylvain Loosli — 19,600,000
  7. Michiel Brummelhuis — 11,275,000
  8. Mark Newhouse — 7,350,000
  9. David Benefield — 6,375,000

In a press release issued by 888 Poker JC Tran commented, “I am extremely excited to work with 888poker and looking forward to a great experience. I can’t wait to represent 888poker at my best and help in any way possible.”

In the same press release, Inbal Lavi, Vice President of 888poker, stated, “We are excited to have JC Tran join our Team 888poker, his attitude towards the game and inviting personality embodies what we look for in our Team ambassadors. This year Team 888poker will be at its strongest and should bring some exciting content and opportunities to our continuously growing poker room. Good luck to Tran and the rest of our Team.”

*Resources: www.thehendonmob.com, www.wikipedia.org

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WPT Hosting Tourney in Honor of Jerry Buss This Monday

This weekend the World Poker Tour will host a special charity tournament in honor of the late Dr. Jerry Buss. Buss, best known as the owner of the Los Angeles Lakers, was also a fairly regular participant in high-stakes poker games, with Seven-Card-Stud being his preferred poker game. Buss passed away in February after battling cancer; he was 80 years old.

As a poker player, Buss was known to be a competent and extremely likable practitioner of the game, and was probably a favorite in virtually any stud game in the country with the exception of the ones he chose to participate in. Buss was also willing to help promote the game, as he did when he appeared on two of the games most popular shows: High Stakes Poker and Poker After Dark.

While he preferred cash games, in poker tournaments Buss was no slouch, winning five poker tournaments during his lifetime, including his largest tournament score when he won the $200 NLHE tournament at the 2005 Winning O’ the Green series.

Buss also had two very notable finishes: First he finished 3rd in the 1991 Seven Card Event at the World Series of Poker (WSOP) which seems to have really kindled his love affair with the game. And as most poker fans know, finished second to Layne Flack in the 2003 World Poker Tour Celebrity Invitational –Flack was regular in Buss’s poker games and the two put on a memorable show for the viewing audience.

As reported by the Los Angeles Times:

On Aug. 25 at 4 p.m., the World Poker Tour Foundation will hold the Frank Mariani & Jerry Buss No Limit Hold ‘em Poker Tournament at the Bicycle Casino in Bell Gardens.

The guaranteed prize for the tournament is $20,000.

The entry fee is a $365 buy-in, with 25% of the tournament’s prize pool donated to the Los Angeles Lakers Youth Foundation, which focuses “on the use of sports to promote education, teamwork and self-esteem among Los Angeles area youth.

The tournament was added to the 2013 Legends of Poker tournament series schedule (the Legends of Poker series began back on July 28) and should draw a pretty nice crowd, considering the tournament lines-up nicely right before the Main Event gets underway on August 29th.

You can see the full 2013 WPT Legends of Poker tournament schedule here: http://www.thebike.com/poker-tournaments-los-angeles/legends-of-poker-2013-2013.html

Buss was also honored during the 2013 World Series of Poker, with a special video message from Kobe Bryant delivered before the start of the Seven Card Stud event; a tournament Buss participated in whenever he had the chance, dating back to his 3rd place showing in 1991.

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Engel Wins WSOPC Ring #6; Now 1 Off All-time Lead

Tournament grinder Ari Engel prevailed for the sixth time on the World Series of Poker Circuit Series, and now has six career WSOPC Gold Rings, just one behind the all-time leader Chris Reslock. Engel is now tied with Alex Masek with six WSOPC Rings after winning Event #9, a $580 No Limit Holdem tournament at the WSOPC Foxwoods series.

Engel made his bones in online poker, where he became known as “Bodog Ari” but over the years Engel has transitioned to the life of a tournament grinder, playing in hundreds of tournaments every year and spending most of his time playing on the mid-tier poker tours like the WSOPC, Deepstacks, HPT, and other local events. For his career Engel has tournament winnings of over $1.1 million according to his Hendon Mob page, and is one of the more consistent players in poker: Over the past seven years Engel has won at least $80,000 each year six times, with a high water mark of $290,000.

His most recent WSOPC victory was a hard-fought affair, as Engel was one of 235 players registered for the $580 NLHE event at Foxwoods. In the end he would have to defeat another multiple WSOPC Ring winner in Aaron Massey (Massey has two career WSOPC rings), which took just over an hour. Massey entered the heads-up duel out-chipped 1.7 million to 1.1 million, and Engel methodically wore him down before finishing him off.

Here is a look at the final table results from the tournament:

  1. Ari Engel — $29,634
  2. Aaron Massey — $18,313
  3. Bedda Nakhoul — $13,336
  4. Victor Usatii — $9,850
  5. Chris Rizzo — $7,408
  6. Deon Nossel — $5,654
  7. Steven Brackesy — $4,374
  8. Fred Alesi — $3,438
  9. Spyro Mitrokostas — $2,743

Here is a look at Engel’s other WSOPC victories (I’m not 100% certain which one was a non-ring tournament):

  • 2007 WSOPC Caesars Atlantic City: $300 NLHE — $63,018
  • 2009 WSOPC Caesars Palace: $1,000 Heads-Up No Limit Holdem — $22,353
  • 2011 WSOPC Caesars Palace: $300 NLHE — $8,292
  • 2012 WSOPC Chester: $345 Pot Limit Holdem/Omaha — $8,292
  • 2012 WSOPC Hammond: $1,125 NLHE — $55,503
  • 2013 WSOPC Kennel Club Palm Beach: $580 NLHE — $26,501

Engel has also won a Bellagio Cup tournament, an Asian Poker Tour event, an APPT tournament, the Empire State Poker Championship in 2012, and a Borgata Poker Open tournament. You can check out Ari’s full resume at his Hendon Mob page.

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One Drop Charity Rakes in $1.3 million at WSOP

After the unbelievably successful debut of the Big One for One Drop $1,000,000 buy-in tournament at the 2012 World Series of Poker, the WSOP and One Drop teamed-up once again in 2013, this time with two tournaments (a $1,111 rebuy event called the Little One for One Drop, and a $111,111 One Drop High-Roller). The WSOP and One Drop also asked players to pledge percentages of their winnings to the charity, which many did.

When all was said the WSOP and poker community’s efforts raised an astounding $1.3 million for the charity according to a press release at casinocitytimes.com. $1.08 million came from the two tournaments that were held as $111 from every entry in the Little One for One Drop was donated to the charity, and the WSOP donated 3% of the prize pool from the High-Roller event (which is the amount usually taken as the casino’s cut for hosting a tournament).

The remainder of the $1.3 million donation came directly from player pledges.

According to the press release, over the past two years, the poker community has raised roughly $7 million for the charity created by Cirque de Soleil founder and poker enthusiast Guy Laliberte. Laliberte was quoted in the press release:

“Again, we have created history!” said Cirque du Soleil founder and ONE DROP chairman Guy Laliberté. “I am thankful to WSOP for their dedication and to the poker community for their generosity. The real winners are the people for which ONE DROP will provide access to safe water. These families can break the cycle of poverty and have hope for a better future. Together we have shown the world once again how giving the poker community is and that the ripple effect continues on.”

One Drop is an innovative initiative designed to provide clean drinking water to people around the globe. The charity’s mission statement reads:

ONE DROP—a non-profit organization established in 2007 by Guy Laliberté, Founder of Cirque du Soleil—strives to ensure that water is accessible to all, today and forever.

ONE DROP is a charitable organization that develops integrated, innovative projects with an international scope, in which water plays a central role as a creative force in generating positive, sustainable effects for local and foreign populations and in the fight against poverty. More specifically, ONE DROP, in cooperation with partner Oxfam and others, develops access-to-water and sanitation projects in countries where access to this vital resource is lacking. In addition, ONE DROP is involved in raising awareness among individuals and communities on water-related issues to convince them to mobilize for universal access to water and urge them to adopt sound habits for managing this precious resource for future generations. In closing, ONE DROP is also involved in fundraising—a crucial activity if it is to realize its dream of water for all, today and tomorrow. To this end, the partners of ONE DROP have joined forces with the organization for pursuing this objective.

You can learn more about One Drop or donate to the charity at their website: www.onedrop.org

In 2014 the Big One for One Drop will return to the World Series of Poker for the second $1,000,000 buy-in tournament in poker history, and early indications are that the sequel to the Big One for One Drop will be even bigger and better.

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