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Partypoker will host a $1 million guaranteed Birthday Party Bonanza tournament Aug. 10 at 12:45 p.m. ET.

The direct buy-in for the tournament is $640, but there are qualifiers already running on a daily basis for players to win their way into the event for much less. Qualifiers start from as little as $1, and it is also possible to get in on the action by using just 15 PartyPoints.

"There is no doubt this is a party not to miss. It is not often you go to someone else's birthday celebrations with the chance of walking away with a share of $1 million," said a PartyPoker spokesman.

"It will definitely feel like a birthday and Christmas all rolled into one for our big winners."

The Birthday Party Bonanza won't be the only way PartyPoker is celebrating its seven years. The celebration will start on Aug. 4 with a range of special celebration tournaments. The full schedule of events will be released by PartyPoker in the near future.

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