In the past few days there have been rumours of a $1 million buy-in tournament with a $50,000,000 first prize on March 30th, 2014, at The Star Hotel and Casino in Sydney, Australia. David Chen, the tournament director behind the alleged high roller tournament, claims that 48 players have enrolled already, including members of the British, Danish and Monaco royal familys who have been selected as ambassadors, Hollywood stars and poker professionals.
"Poker is a true game that cuts across all class and income barriers. It tests skills, nerves and courage in a way that's incomparable to other card games. There is no higher drama and examination of character than a high stakes poker game. With a splashing $50m prize, in the remarkable city of Sydney, this should be a historical event indeed," said Chen in a press release (according to the news site and tracking site highstakesdb).