Full Tilt has made their major announcement. It’s called the ONYX Cup. Here is an abridged summation:
:: It’s six (6) major events with buy-ins ranging from $100,000 to $300,000.
:: Grand Finale event will have a $250,000 buy-in with $1M added to the prize pool.
:: Top three finishers of each event get points, and whoever accumulates the most points by the end of the series is the ONYX Cup winner.
:: Events take place in U.S., Europe, and Asia.
:: Qualifying will take place online, of course, at Fill Tilt. Qualifying begins on Tuesday, March 15.
:: The first event will apparently take place on May 11/12 in Las Vegas.
To watch the full announcement video, go here.
Phil Ivey, Patrik Antonius, Tom ‘durrrr’ Dwan, Gus Hansen, and Erik Seidel appear in the vid to discuss the ONYX Cup series. What stands out the most is this is almost in direct competition (in theory) to the Federated poker thingy. Best of the best. Elite of the elite. Top pros. Series of events. Juiced prize pools. Etc. Although there are plenty of differences too (no card carrying members, buy-in size, chances for success, etc.) We’ll see how much overlap there is with the actual events.
To watch Onyx “Slam,” go here.