# Galaxy Macau Bakara Tour Prize of $5.3 Million
Macau's "most abundant and largest ever" baccarat competition began on Thursday.
World Bakara Master of Macau - The total prize money for the World Bakara Master, which will be held at Galaxy Entertainment Group's Galaxy Macau Casino Resort in Kotai and Starworld on the Macau Peninsula, is HK$41 million (US$5.3 million). The highest prize money for the No-Limit Holdham Poker ever recorded worldwide is $82.5 million for the 2006 World Series of Poker Main Event.
However, Galaxy Entertainment's event targets a demographic that is important in the Asian gambling market – upper class baccarat players who regularly leave large sums at casinos. The company thinks that the event will be able to attract as many as 4,000 participants per month during the eight-month period.
The prize money (pictured above) was displayed at a competition in Galaxy Macau.
There are three qualifying tournaments a month for eight months from now.
The top players of each month's round win HK$1 million in cash and compete in the April 2015 master championship tournament for the top HK$5 million prize commissioned by Hong Kong retailer and goldsmith Lukfook Jewellery and the champion's diamond ring.
Raymond Yap In Min, senior vice president of Galaxy, who is responsible for developing premium markets, said in his opening speech that it was the first of a series of "World Master" events planned by the casino company. Other events include the World Slot Master of Macau Slot Tournament. There will also be a World Master initiative for food and beverage provision, events, and entertainment, Yap said.
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