Tsang Walks Away With €11,111,111 Payday

Published on 2016-10-17 00:35:00

Elton Tsang outlasted a number of other deep-pocketed amateur and recreational poker players to take down the €1,000,000 Big One for ONE DROP event on Sunday evening. Tsang, who reportedly owns stakes in a number of different businesses, took down a massive €11,111,111 payday for his victory.

The event was an invitational only tournament that featured the largest buy-in in the history of poker tournaments - €1,000,000. Professional poker players were not allowed to participate in the event, though they were allowed to coach players.

There were plenty of familiar names in the event, including the likes of Guy Laliberte, Bob Safai, Jason Strasser, Talal Shakerchi, Paul Phua and Haralabos Voulgaris. There was some serious poker talent present in this tournament, though all of the participants were people that are not professional poker players. Haralabos Voulgaris, for instance, is a well-known sports gambler, while somebody like David Einhorn makes the bulk of his income from the operation of his hedge fund.

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There were a total of 28 entries to the event, which ended up creating a total prize pool of €24,888,892 (€111,111 was taken out of every buy-in to benefit the ONE DROP charity).

Here is how the tournament ended up finishing out:

Elton Tsang, €11,111,111
Anatoly Gurtovoy, €5,427,781
Rick Salomon, €3,000,000
James Bord, €2,100,000
Cary Katz, €1,750,000
Andrew Pantling, €1,500,000

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The decision to make the event invitation-only helped to attract amateur players, though the overall buzz around the tournament certainly suffered due to the lack of big names such as Phil Ivey, Daniel Negreanu and Antonio Esfandiari.

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Filed Under: Live Tournament Results