At least one high rolling poker player is set to be a whole lot richer next month after the announcement of the upcoming GuangDong Ltd Asia Millions event in Macau.
Organised by both PokerStars and GuangDong Group Macau Ltd, the event will be held between June 4-7 at the PokerStars LIVE at the City of Dreams, which was also the venue for last month’s Macau Poker Cup. The event will have a buy-in of HK$1,000,000 (around US$130,000) and will have an allowance for two further HK$1,000,000 rebuys.
Guangdong Group CEO Winnie Wong said that the event is a sign of the continued establishment of Macau as a global poker stronghold along with the growing bond between the company and PokerStars. “I see strong synergy between Guangdong and PokerStars,” said Ms Wong. “I believe this event will be exciting, stunning and will leave a mark in Macau poker history.”
Director of Live Poker Operations for the Asia Pacific for PokerStars Danny McDonagh agreed with these sentiments, saying the company had high expectations for the GuangDong Ltd Asia Millions. “It’s going to be seriously huge!” Mr McDonagh said. “We are expecting over 100 players to sit down and play and one of the biggest prize pools for a poker tournament outside of the World Series of Poker.”
This will not be the first time the GuangDong Group organises a high stakes poker tournament. In August last year, the company – then known as the Neptune Group – held a HK$2,000,000 (around US$260,000) buy-in event in Macau which attracted a total of 73 players. A prize pool equivalent to US$23,511,000 was created, including US$6,465,746 for the top spot which was ultimately won by businessman Stanley Choi.
While that event was certainly big in terms of prize pool, the GuangDong Ltd Asia Millions may very well surpass it. Should the event attract the expected 100-plus players, it would more than likely result to a prize pool of at least US$30 million should eliminated players buy back into the event. This would dwarf the prize pool at GuangDong’s previous event last year.
A HK$250,000 (US$ 32,500) GDAM Warm-Up tourney will also be held during the GuangDong Ltd Asia Millions on its opening day.