There will be no $1 million buy-in tournament (Big One for One Drop) at the World Series of Poker this summer, but that doesn't mean that there won't be any other tournaments this year with massive buy-ins. On February 19th, Tom Hall, who participated in the 2014 Big One for One Drop and is a regular in Macau's biggest cash games, posted the following message on twitter.

According to the above tweet, Cary Katz seems to be the organiser of the tournament. Katz, a businessman with over $4 million in live tournament earnings, also participated in the last Big One for One Drop, which Daniel Colman won for approximately $15 million.
Unlike Tom Hall, who bubbled the final table and missed out on the money, Katz took home $1.3 million for his 8th place finish. In addition, he took home the sickest hand of the tournament.
Let's hope more information on the $500,000 tournament will be revealed soon!
source: highstakesdb