Millionaire Casino is just one of the many online casinos available to UK online casino players.  Every year the US has the basketball March Madness tournament.  In honour of this tournament Millionaire Casino is providing one of their own.  The tournament has a guaranteed prize for $150,000.  The difference with Millionaire Casino is that this amount of money is for one winner only.  Instead of being a prize pool that is spread out over the top players this one is specific.

The slot tournament began March 1, 2010 and will end 1 April, 2010.  Since it is a slot tournament it is important to know which game is being played.  The slot is Magic Monkey with a prize pool of $300,000.  That means that the top player gets half of the $300,000 and the rest is divided up between the other top players.

There is an entry fee of $10, which gives everyone in the tournament $50 to begin.  Any money won during the tournament will keep you playing.  If you run out you will have to pay a bit more to buy back in.  The buy in will be another $10, which begins another round with $60 the second time.  Anyone who makes it down to $5 will be asked if they want to buy back in.  There is no limit to the amount of times one can buy back in.

The money being awarded is online casino credits and bonus points.  This means you cannot take the money out, but must play with it.  The top twenty players are given the credits and bonuses.  The top five players excluding the top one gets $2,500 and the next ten get $1,000.  The bonus players are then shared by other players in the top thirty spots.

Magic Monkey is a 5 reel slot with 25 pay lines.  It offers a double pay out feature with free spins in the bonus round.  It is possible to get 6,000 coins for a maximum payout in regular play.  The tournament has already seen 220 players sign up.  Players can register up till the last day of the tournament.  This means you do not have to join until you wish to.  You can also quit at any time.  Once the tournament ends the money will be awarded.  This will not be the only casino offering the March Madness tournament, so check your favourite place too.