Seminole Hard Rock Casino To Hold $3,000 Charity Poker Tourney
Poker is growing in popularity. The bigger it gets, combined with its growth within an area, dictate how much casinos will be able to charge for high end tournaments. In Florida, the casino gambling expansion has brought out some of the biggest gamblers.
This weekend, the Seminole Hard Rock Casino in Hollywood, Florida, will be holding the biggest poker tournament ever in the state of Florida. The event is a $3,000 buy-in Texas Hold'em tourney.
First prize for the tournament could top the $125,000 mark. That will depend on the amount of interest the tournament sparks. The payouts will be based on the amount of entries.
$600 of each entry is going to the house. That is a particularly high number. In other ares where these types of tournaments are run, the house takes anywhere from three to eight percent. The $600 is twenty percent of the entry fee.
The tribe claims that this number is high due to the amount that must be paid to charity. Seventy percent has to go to charity when running a tournament such as this. There are 210 seats available for the tourney.
Proceeds from the event are going to the Miami Beach Health Foundation. The high fees are not a problem for most gamblers since the money is going to a good cause.
"I would mind if the casino was keeping all the money, but if it is going to charity, who cares. $125,000 is still a nice payout for a tournament win," said Bill Triscol, a South Florida resident who is planning on playing in the tournament.
The Hard Rock is hoping this is just the beginning of the big time tournaments. They are planning on bringing a World Poker Tour event to the Hard Rock in the future.
May 28, 2008
Posted By Larry Rutherford
Staff Editor, CasinoGamblingWeb.com
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