The Seminole Hard Rock Hotel and Casino, which is located in Hollywood, expects over 2000 poker players to take part in its $10 million guaranteed live poker tournament. By organizing this tournament, the Seminole Hard Rock Hotel and Casino is promising to give away the largest guaranteed purse in the history of live poker tournaments. The casino is running this tournament also to promote its various facilities, such as shops, hotels, and restaurants.
The Seminole Hard Rock Poker Open, a live poker tournament series comprising 33 events, will begin on Thursday and conclude on August 29. COO Larry Mullin said: “There’ll be a few thousand people coming to this, and they’re not coming with $100 in their pocket.” Since all the 500 rooms of the Hard Rock Hotel are reserved, the official website of the Seminole Hard Rock Poker Open is directing interested poker players to book rooms at 10 partner hotels located in the vicinity. According to Mullin, participants will be arriving from different parts of the world and will stay in Hollywood for a long time.
The highlight of this 3-week poker tournament series is the $10 Million Guaranteed tournament, and the prize will be distributed among the top 15 percent of the participants.
The contribution of poker to a casino’s overall revenue is small when compared to the revenue generated by casino games such as table games, slots, video pokers, and blackjack. Card rooms usually take five percent of the total entry fee charged and direct the rest to the prize pool.
According to Mullin, the casino is running this $10 million guaranteed poker tournament to promote its services and facilities. He said: “Gaming is everywhere in the world. You need to be offering those types of things for people willing to make a decision to get on a plane and come here.”
Matt Waxman, a 28-year-old poker player from Parkland, said that the world’s top poker players will take part in this event because it will be full of fish. He said: “Any poker player that’s a professional will be eager to get into this tournament, because to fill those spots, you’re going to have a lot of amateurs. It’s impossible to have a hard tournament when there are that many people in it.”
One cannot say for sure exactly how much the casino will profit from this poker event, but it is definitely attracting a lot of attention from poker communities worldwide.