by Joseph Smith Sr.
Beginning in 2012 the World Series of Poker has partnered with the One Drop Foundation and provided the world charity with $12,205,089 in donations. The One Drop Foundation is dedicated to providing clean, safe water to people around the world.
Through the efforts of Guy Laliberté the world's most expensive buy-in poker tournament became a reality. In 2012 the $1,000,000 buy-in “The Big One for One Drop” poker tournament headlined the WSOP summer event at the Rio in Las Vegas.
Guy Laliberté is the founder of Cirque du Soleil®, the live stage shows found at many of the major strip properties and filling seats with delighted Las Vegas show goers for years.
In addition to the “Big One” there is also a “Little One for One Drop” with a $1,111 buy-in. The 2014 “Little One” raised $499,056 while the “Big One” collected $4,666,662 for the One Drop Foundation. A third program, “All-In for One Drop” allows all players to donate a percentage of their winnings to the foundation and in 2014 they donated $107,329. The total for the 2014 efforts amounted to $5,273,047. Since 2012 the WSOP partnership with Guy Laliberté has collected and donated $12,205,089 to the One Drop Foundation.
Of note, Caesar's Entertainment, owner and operator of the World Series of Poker & WSOP brands does not take any of the revenues generated from the player's buy-ins. The entire amount goes to the foundation or into the prize pool. Additional millions more are donated through the covered cost of for the tournaments, TV production, marketing and contributed time from poker dealers, floor supervisors as well as registration and payout clerks.
The World Series of Poker along with the thousands of players has proven to be an outstanding, caring citizen of the world neighborhood. Providing a source of healthy water is just one on the good things that comes from this generosity.
Submitted by ppnadmin on August 8, 2014 - 9:52am