The Charity Series of Poker will hold its first event on Sunday, July 6 at 5:00pm, as part of the Planet Hollywood Phamous Poker Series in Las Vegas.

Founded by professional poker player Matt Stout, the series features a unique concept in which half of the total prize pool is donated to Nevada food bank Three Square in an effort to provide staples to pantries, soup kitchens and shelters throughout southern Nevada.

The inaugural event will require a $260+40 initial buy-in, with $100 rebuys and add-ons available for the first hour of the tournament.

Some of the big name players who are slated to participate in the event are Mike “The Mouth” Matusow, Matt Glantz, Matt Stout, Loni Harwood, Mukul Pahuja, and Tom Marchese, They will be joined by “Weeds” co-producer Matt Salsberg and actress Sasha Barrese.

In a follow-up Twitter direct message communication from founder Matt Stout to pokerfuse, Michael Mizrachi, Gavin Smith, Tony Dunst, Carlos Mortensen, Annette Obrestad, Chris Moneymaker, Ryan Riess, Greg Merson, Will Failla and Jay Farber were also confirmed.

The CSOP Board includes Tournament Directors Association founder Matt Savage and WPT-R champion Mike Frazin.

According to a story and audio interview published earlier this week by FlopTurnRiver, CSOP founder Matt Stout hopes to eventually host three to four events in the US by 2016 with the possibility of holding tournaments in Europe and Australia.

“The sky’s the limit,” Stout said. “I already have spoken to several casinos throughout the country who are interested [and] definitely considering events for later this year at different properties.”

Stout added that he is expecting at least 100-150 participants to show up for the first event at Planet Hollywood on July 6.

The Phamous Poker Series at Planet Hollywood Las Vegas is already underway and consists of mostly No Limit Hold’em rebuy tournaments; ranging in buy-in from $10 to $560. The $250,000 guaranteed Main Event ($560 buy-in) will be held on Saturday, July 5.