Atlantic City powerhouse Borgata recently announced the specifics for their World Poker Tour (WPT) Borgata Poker Open Championship. Part of the Poker Open tournament series which runs from September 9-24, 2009, this year's Championship event bucks the trend of other WPT tour stops in that it offers a $3,500 buy-in instead of the traditional $10,000 buy-in. In order to ensure a solid turnout for the event, Borgata has guaranteed a $2 million prize pool for the Championship event.
Although Borgata was not in last year's WPT line-up, the casino's return this year looks as though it will be a triumphant one, as early player interest for this televised event indicates that there will be a packed house thanks to the incredible value players get for their buy-in. Although Borgata is still working on the payout structure, early word suggests that the first place prize will be around $1 million. Players will be hard pressed to find another tournament that offers this kind of opportunity for a such a large cash with such a relatively small buy-in.
According to Borgata Director of Poker Marketing, Ray Stefanelli, the decision to keep the buy-in at $3,500 was a no-brainer. "We've seen that Borgata has been able to provide great opportunities for professional players, amateurs, and local pros to participate in a first-class tournament series at a place that is as poker-friendly as any other gaming destination in the country. We believe we've found a sweet spot with the $3,500 buy-in. Working with the WPT for a televised event and the Borgata-sponsored $2 million prize pool will make this an attractive stop for poker players of all types of bankrolls," said Stefanelli.
In addition to the Poker Open Championship, this 16-day long tournament series offers a wide variety of tournaments including a No-Limit Hold'em 6-handed tournament, a Limit tournament, H.O.S.E. (the East Coast equivalence to H.O.R.S.E), Seven-Card Stud events, a Ladies No-Limit Hold'em tournament and a Heads-Up Double Elimination tournament.
Players looking to for more information or to sign up early for a Poker Open event can do so until September 3, 2009 via TheBorgata.com. On-site registration begins September 5, 2009.