The world's second largest online poker site, 888poker, announced the launch of The Octopus, a new high roller event set to run every Saturday at 15:00 GMT beginning September 5, 2015.
Featuring a $215 buy-in and a premium $25,000 guarantee, the poker room said that The Octopus is the room's largest guaranteed tournament on the Saturday schedule.
"The Octopus will be our first eight-handed tournament and will have a very deep structure with 10,000 starting chips and 25-minute blind levels," a representative from 888poker told PokerNews. The event will also feature a four-hour window for late registrations, as the poker room believes this "should suit players joining in at various hours on Saturday.