The Monte-Carlo One Drop Extravaganza got underway this week on the Casino de Monte-Carlo in Monaco. Running from October 13-17, the series will feature quite a lot of high roller events and cash games however the centerpiece of the entire affair is the €1,000,0000 buy-in Big One For One Drop event, which kicks off at noon local time on Friday, Oct. 14.

With the Euro currently worth $1.10 this event will set the record for the most important buy-in tournament in history. Organizers have announced that there are already 35 players confirmed for the event, which means

That signifies that the prize pool has grown to over €31.1 million (€111,111 is taken from each buy in to be donated to the charity) with room to grow, as there's still time for more entrants to pony up the seven figure buy-in. The development also permits re-entries, which might increase the prize pool even further. For the primary time ever this event might be restricted to simply non-professional players.

“The Monte Carlo One Drop Extravaganza is fast approaching and with 35 recreational players already confirmed to play, and lots of re-entries predicted, the massive One is in real good shape,” says Guy Laliberté, One Drop’s Founder. “I wish to remind players that there are still seven other tournaments and cash games, including a 1,000,000 euro cash game, to be played throughout the week at what promises to be the most important charitable poker event ever held, with proceeds going to at least one Drop.”

As Laliberté mentioned, the driving purpose of this complete festival is to boost money for One Drop, the organization he founded with the goal of helping to offer safe water access to people across the world.

“This has become probably the most the globe’s most vital charitable initiatives,” said Caesars Interactive Entertainment CEO, Mitch Garber. “With Monaco because the backdrop, the only Drop Extravaganza is definitely positioned to boost additional funds and global awareness of the water crisis.”

The One Drop Extravaganza released the tournament structures for all the events a couple of weeks ago, which are found here. The official tournament schedule may also be viewed below.

Read More... [Source: CardPlayer Poker News]