IPPA To Host $250,000 Poker Tournament in November

The high rollers will get a little higher at Casino Monte Carlo later this year.

If you’re a high roller who can’t get enough action in the world’s biggest poker tournaments, you’ll want to book a trip to Monaco in November for a tournament with a higher buy-in than any other in the world.

The International Poker Players Association, an organization founded by long-time high-stakes poker player Yosh Nakano, is holding its first Monte Carlo Championship at the end of this year. Playing out in a no-limit hold’em shootout format, the tournament sports a $250,000 buy-in, easily trumping the $100,000 buy-in at the Aussie Millions High Roller event and the $50,000 buy-in at the WSOP Poker Players Championship and simply crushing the buy-ins at other “high roller” poker tournaments around the world.

The IPPA’s tournament is offering $5 million to its winner. Normally that sort of sum is reserved for tournaments like the WSOP Main Event, with thousands of players’s buy-ins making up the top prize. But the IPPA tournament is limited to just 48 players, and the winner will only have to beat a small portion of that field thanks to the shootout format. Of course, with a six-figure buy-in the field will be of the highest caliber; Phil Ivey, Tom Dwan, Michael Mizrachi and a dozen or so other top poker pros – and Gus Hansen – are already reported to have registered for the event.

The IPPA Monte Carlo Championship is scheduled to run from November 29 to December 2 at Casino Monte Carlo in Monaco.