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Wednesday, July 27, 2005

"The Quest" - Richest Poker Tournament

$15 million grand prize. That is what's at stake in the largest poker tournament in history dubbed, The Quest.

Presented by the Las Vegas-based PokerQuest Entertainment, The Quest is set for January 2006 and will be held at The Palms Hotel with a tournament buy-in of $250,000.

Already, the line-up includes 5 World Champions, 8 World Series of Poker Bracelet winners, 3 World Poker Tour champions, and some of the largest cash players in the world. Celebrities already contracted to play are James Woods, Michael Vartan, and Mimi Rogers.

The Quest doubles the $7.5 million prize from the recently concluded WSOP. The $15 million dollar prize for this tourney's champion is the highest first-place professional poker pay out in the history of the sport. The tournament buy-in also is ten times higher than the sports previous record.

The list of "great players" already contracted to play include Chris Moneymaker, Sam Farha, Scotty Nguyen, Eli Elezra, Johnny Chan, Phil Helmuth, Amir Vahedi, John Juanda, Phil Laak, Phil Ivey, David Levi, Erik Seidel, Chip Reese, Annie Duke, Doyle Brunson, Jennifer Harman, T.J. Cloutier, Mel Judah, Howard Lederer, and Daniel Negreanu.

Unlike many of the current tournaments, the Quest will feature only 100 players, at ten shoot-out tables. The winner from each table advances to the final table. The ultimate winner will take home $15 million dollars after beating the 18 other players.

The event will be aired on primetime television.

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