Americas Cardroom's next Venom to feature $7 million guarantee

(PRESS RELEASE) -- This summer promises to be an absolute blockbuster, and we aren't talking about Hollywood movies. U.S.-facing online poker site, Americas Cardroom has announced that the guarantee for its next Venom will be $7 Million. The multi-day tournament hits the virtual felt starting 24 July.

"We've said it before and we'll say it again, it doesn't get any bigger than this," stated Americas Cardroom spokesperson Michael Harris. "The $7 Million Venom is our biggest tournament to date and promises to set records once again. No one's ready for what's coming, let's be real."

The $7 Million Venom gets underway on 24 July and features four separate Day 1 options on 24, 26 and 31 July, and 2 August. Each Day 1 feeds into Day 2 on Monday, 3 August, which leads to Day 3 on Tuesday, 4 August. The final table kicks off on Wednesday, 5 August.

Players can buy in directly for $2,650 or qualify via satellites for much less. Right now, players are finding tremendous success by participating in Cyclones, which are Americas Cardroom's new Blitz Poker satellites. Players can buy in starting at 25 cents, advance through all seven levels, and then win their $2,650 ticket on the last level.

While $7 million is the promised guarantee, the final numbers are likely to be much, much bigger. Last summer, Americas Cardroom held its inaugural $5 Million Venom, which saw a final prize pool of $6,382,500. And the $6 Million Venom, held just four months later, featured $6,740,000 in prize money.

With a rapidly growing poker community, weekly guarantees have been eclipsing what's promised. For example, tournaments with a $125,000 GTD prize pool regularly feature over $300,000 in final prize money. And most recently, Americas Cardroom held a surprise $500,000 Sunday tournament, which saw its final prize pool top the $1 Million mark.