Cake Poker Heads to Australia for 2012 Aussie Millions

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Cake Poker is looking for players to send to next year’s Aussie Millions tournament, to be held between January 12 and 30, 2012 at the Crown Casino in Melbourne, Australia, where the first prize this time around is estimated to be about $2 million AUD.

Satellites into the 2012 Aussie Millions started at Cake Poker on September 1 and continue through December 18, with buy-ins starting as low as $0.20.

Every Sunday at 5 pm EST, Cake Poker will hold a final satellite at which one prize package into the 2012 Aussie Millions will be awarded for every $16,000 in the prize pool, and a guarantee of at least one prize package to be awarded at each final. To get into this final you can win $30 Semi-Final, or win your way into that through a $5.50 Satellite, each of which run several times daily. The Super Satellite has a $1 buy-in, runs daily every 4 hours beginning at 12 am and awards seats in the Satellite. A $0.20 Super Super Satellite runs every 2 hours each day beginning at 1 am and awards seats in the Super Satellite.

Each Cake Poker Aussie Millions 2012 prize package is valued at $16,000 and includes the $10,600 AUD buy-in into the Aussie Millions main event along with some cash for travel expenses and a special entry into the 10th Anniversary VIP players party for this year’s event.

The last day to win a seat in the 2012 Aussie Millions at Cake Poker is December 18.

Million Dollar Tournament at 2012 WSOP

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WSOPDuring a break of the $25,000 NLHE Heads-Up Championship, Guy Laliberte and Phil Ruffin, in partnership with Caesars Entertainment, announced that the 2012 WSOP will have a special, marquis event: a $1,000,000 buyin tournament.

This event, which will be a bracelet event in next year’s series, is by far the largest poker tournament to be held in a major casino, taking the title away from the $250,000 Super High Roller Event at this year’s Aussie Millions. However, other than the differences in the buyins, these tournaments have some very distinct differences.

The $1 million tournament will have a much deeper payout structure, paying out 20% of the field. Also, this tournament will take place over the course of three days. So far, 15 players have signed on to play this event, including nosebleed players Tom ‘durrrr’ Dwan, Gus Hansen, and Patrick Antonius, frequent Big Game competitors Daniel Negreanu and Johnny Chan, and the famous Texas billionaire, making his first trip to the WSOP, Andy Beal.

What is most special about this tournament is what happens to the tournament fees. Usually, a poker room will withhold 10% of the prizepool as a fee for the event. For this event, however, no fee will be taken for the casino. Instead, for each million, $111,111 will be taken out of the prize pool for the One Drop Charity Foundation. This foundation’s goal is to provide access to clean water and sanitation to everybody in the world. Laliberte, Chair of the Board of Directors of the Foundation, founded the organization in 2007 and has been working towards the goals of the organization since.

This tournament is bound to be the highlight of next year’s WSOP, and will be the buzz of much of this year’s series. It will be exciting to see how many players decide to play the event between now and then, who comes out of the woodwork, and who backs who for the tournament.