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$1 Million Charity Tournament to Debut at 2012 WSOP

By Ian Hiaring, Rakeback.com Poker News Staff Writer

WSOP $1 Million Charity Tournament to Benefit ONE DROPThursday it was announced that the World Series of Poker will be adding a brand new $1 million buy-in tournament next year during the 43rd Annual World Series of Poker. The tournament will benefit ONE DROP, a non-profit charity organization founded by the founder of Cirque Du Soleil and avid high-stakes poker player Guy Laliberté.

Titled “The BIG ONE for ONE DROP”, the tournament sports a massive $1 million buy-in and has already received commitments to play from Laliberté, Patrik Antonius, Gus Hansen, Daniel Negreanu, Tom Dwan and Johnny Chan. In all there are a total of 15 players that have already stated their intentions of playing in this one of a kind tournament.

Caesars Entertainment will be offering two additional entries into the tournament via a mega-satellite and a yet to be determined promotion.  ONE DROP will receive 11.1% of the entry fees as a donation to help ensure water is available to fight poverty and disease across the world. With 15 players already committed to play, that translates to over $1.6 million in donations with over a year left for players to sign up.

"We are proud to align the planet's premiere poker event with the foundation created by one of our generation's most creative entrepreneurs, Guy Laliberté, to help make the world a healthier place," Caesars Entertainment Corporation Chairman, President and CEO Gary Loveman said.

The BIG ONE for ONE DROP will be held July 1st, 2012 as a part of The World Series of Poker, and ESPN intends to cover the tournament as a part of its annual coverage of the WSOP. It’s also been announced that as long as the tournament field exceeds 22 players, a special platinum bracelet will be crafted for the champion.

ONE DROP was founded in 2007 to fight global poverty and disease by taking measures to ensure that everyone on the planet has access to water. Drawing upon Laliberté’s experience with Cirque Du Soleil, the organization uses the visual arts, theater, music and dance to promote education, awareness and involvement of the public.

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