WSOP 2012 New Event: $1 Million Super Duper High Roller

The 2012 WSOP is set to introduce a tournament unlike any other to its roster in the guise of the unofficially termed $1 Million Super Duper High Roller.
Lasting three days, the 48 player capped tournament is scheduled to get underway on July 1st, 2012, at the Rio All-Suite Hotel & Casino in Las Vegas.
Requiring an enormous $1 million entry fee, the WSOP platinum bracelet awarding tournament is as much about philanthropy as it is about super-high stakes poker, with 11% of each buy-in going to charity.
In particular, the WSOP has partnered with One Drop for the event, which specialises in ensuring clean water access in developing countries.
Instrumental in helping set-up the event is the billionaire Cirque du Soleil founder and One Drop chairman Guy Laliberté who has also been busy drumming up entries for the $1 million buy-in event.
So far, 15 participants have already committed to the competition including Guy Laliberté, Andy Beal, Bobby Baldwin, Phil Ruffin, Johnny Chan, Daniel Negreanu, Tom Dwan,  Gus Hansen, Tony G and Patrik Antonius.
In addition, just 29 enteries would ensure the biggest prize in poker tournament history, but a full 48 player field contingent would then create a first place prize  worth a staggering $20 million. In any case, the idea is to make sure at least 20% of the field get paid.
Commenting on next year’s Super Duper High Roller’s Event, Guy Laliberte said:
“This is an extraordinary challenge, finding 48 people to give $1 million, it’s never been done. But the upside is for One Drop. This is a lot of money for many people, so the game might be balanced a little bit between the billionaires or millionaires and the professionals because of the values are different.”
However, two of the players competing are likely to be neither billionaires or professionals as Caesars Entertainment and Quebec Casinos will be offering two seats to the competition via a satellite.