A new tournament has just been announced by the International Poker Players Association (IPPA): the $ 250,000 IPPA Championship.
The 250k IPPA Championship has been announced for November 29, 2010. The event will be held in Monte Carlo (Monaco) and 48 players will then compete for $ 12 million in prizes. To play, each player will pay the entry price $ 250,000, making it the most expensive tournament in the history of poker.
14 players are already register: Patrick Antonius, Phil Ivey, Tom Dwan, Michael and Robert Mizrachi, Huck Seed, Gus Hansen, Johnny Chan, Freddie Deeb, Tony G, Bruno Fitoussi, Allen Cunningham and John Hennigan.
Players can also qualify it by playing satellites taking place in Los Angeles and Monte Carlo itself; these satellites table starts at $ 1,080, the winner is found in a satellite $ 9,300 and the winner of the $ 9,300 satellite is in a final 8 tables where players will compete for 8 places paid (the winner will receive 20% of the prize pool in addition to a place at the Monte Carlo IPPA Championship). Other satellites to $ 120 will also be held to permettrent players to win a place in the $ 1080 satellite. The road is long for players wishing to qualify via satellite!
The event was supposed to take place last year but it was canceled for lack of participants.
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