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Poker Growth In Florida Continues As Tribe To Host $10 Million Guarantee Poker Tournament

Event Will Feature A Buy-In Of $5,300

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SouthFlorida.com reported that the Seminole Tribe of Florida announced this week that it will run a $10 million guaranteed tournament, which is the largest ever, according to the group.

The tournament is called the Seminole Hard Rock Poker Open and will run Aug. 22-29 at the Seminole Hard Rock Hotel & Casino in Hollywood. The buy-in will be $5,300 to enter.

For comparison, the most recent World Series of Poker main event had a $62 million prize pool after 6,598 players put up the $10,000 buy-in, but that event never has a guarantee.

“The Hard Rock and the Seminoles serve as a global brand that will always be striving to bring the best in games, hospitality and entertainment to South Florida,” a Seminole Gaming executive told SouthFlorida.com. “As that leader, you can utilize events such as this one to remind people about what great products we have.”

The Seminole Hard Rock will need to attract about 2,000 players in order to meet the guarantee. A massive amount of about $1.7 million reportedly will go to the winner. That could be a challenge since the recent Seminole Hard Rock Hotel & Casino Showdown drew 542 entries.

Five other Seminole poker rooms in Florida reportedly will have satellites to the $10 million event. SouthFlorida.com reported that there are no plans to televise the tournament.

Florida has experienced an increase in poker action since the state years ago removed a buy-in cap on cash games. The Card Player Poker Tour is making a stop in Florida in August as well. Bestbet Jacksonville is Florida’s newest and largest poker room. It has 70 tables and spreads all poker games at all limits.

Florida is home to at least two dozen poker rooms at the latest tally, though plans for a massive casino in Miami have not amounted to much.