Half a million dollars for the winner in new online poker tournament.

By RP, October 25, 2012

Pokerstars marketers have dreamed up another major online poker event, in which the winner will walk away with half a million dollars and impressive bragging rights.

Dubbed the Pokerstars All-Star Showdown and scheduled for October 27 to November 8, this new high-stakes online competition is expected to attract some of the top players in the world, each prepared to lay down a buy-in of $100,000.

The format is a heads-up single elimination tournament on the Pokerstars site, with matches played simultaneously over four heads-up tables.

Players already committed to the competition include nosebleed aces like Isaac Haxton, Phil Galfond, Alex Millar and Ben Sulsky.