On Friday October 8th one of the most expensive live tournaments in the history of poker will take place at Es Saadi Casino in Marrakech, Morocco. The buy-in for the tournament is nothing less than $100,000 and there are 40 seats available - 10 seats are reserved for american poker pros. David Benyamine (highroller) and Michael Mizrachi (WSOP 2010 finalist) are two of the big names that have confirmed that they are attending.
The tournament will have a unique structure
Each player will receive 100,000 chips for the $100,000 buy-in, then they will be divided into 5 tables of 8 players. There will be a random draw for the poker pros and and another random draw for the non-pros, to make sure that there will be at least 2 poker pros per table. On the final table it will get really interesting as 100,000 of the chips can be exchanged for $100,000 in cash.
There will be satellites to this tournament for as little as €45 running at The Es Saadi Casino between September 22 and October 7. It will be interesting to see how many players that will qualify for the $100k tournament through these satellites. I suspect that many satellite qualifiers will exchange 100k chips for $100k cash - if they make it to the final table.
The event will be filmed and be aired December 2010.