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One Drop Unveils €1m Buy-In, Invite-Only Monte Carlo Big One
Guy Laliberté and One Drop are set to break their own record for the biggest buy-in poker tournament ever this October in Monte Carlo.
In a video presented today at the World Series of Poker, Laliberté announced the new €1,000,000 buy-in charity event and explained that it will not be open to poker pros.
The Monte Carlo Big One will play out October 13-17, 2016 at the iconic Casino de Monte Carlo.
To make the stakes even higher, the event will have no cap on attendance and will feature unlimited re-entries during the first day of play.
“From the beginning we knew that the Big One for One Drop was a unique event,” said Laliberté.
“This year, by shifting the focus to recreational players, we're looking to bring fun and innovation to charitable giving.”
€111,111 of each buy-in will go directly to One Drop to help bring clean water to people in need.
No other fees will be deducted by the tournament operators so €888,889 from each buy-in will go directly to the prize pool.
The event will follow the Monaco Yacht Show and run concurrently with the Monaco International Clubbing Show.
In addition to huge prize money, the winner will receive a ceremonial bracelet hand-crafted in platinum by Richard Mille.
The Monte Carlo Big One will be part of the Monte Carlo One Drop Extravaganza, a week-long festival of poker action, VIP experiences and networking opportunities.
Monte Carlo Big One Focuses on Businessmen
The first $1 million Big One for One Drop went down in 2012 and it featured a roughly even split between businessmen and high-stakes poker pros.
When One Drop held the second seven-figure event in 2014, however, the number of pros compared to wealthy amateurs had gone up significantly.
Hosting this new event by invitation, Laliberté hopes to make it less intimidating for non-professional poker players.
Laliberté did say that poker pros will play a role as coaches, helping to create unique television content.
“We believe the events in Monte Carlo will attract high net-worth individuals from across the globe to enjoy the game, the networking opportunities and the incredible VIP experiences only available in one of the world's most iconic settings,” said Laliberté.
Over the course of the first two $1 million Big One for One Drop events in Las Vegas more than $10 million was raised.
“We the poker community are coming together to redefine philanthropy and provide safe water around the world."