Five Chinese companies are currently making plans for a poker tournament with a $100,000,000 guaranteed prize pool - the greatest guarantee in poker history. The tournament is planned to be held in Macau, China, in 2013 and only 500 players can enter it. The name of the tournament will be Macau Pro Am Poker, and it would be the richest poker event ever held.
William Murray, an American businessman, is speaking on behalf of one of the five companies.
"The goal is now to get 500 participants, with one third coming from the Far East, third from the U.S. and one third from other countries, said William Murray, adding that the first prize at a prize pool of $100,000,000 will be $25,000,000."