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World Snooker signs 10-year hosting deal with Saudi Arabia

World Snooker chairman Barry Hearn, with Prince Abdulaziz Bin Turki Al Faisal Al Saud, chairman of the GSA and Carlo Boutagy, chief executive of CBX, the official promoter of the event in Saudi Arabia

World Snooker has announced a 10-year deal with Saudi Arabia's General Sports Authority for a lucrative new tournament to be hosted in the country from 2020.

The inaugural Saudi Arabia Snooker Masters will take place in Riyadh from October 4 to 10 next year, with total prize money of £2.5m ($3.3m/€3m). It will be a full ranking event contested by 128 players, and the champion will receive £500,000, the same amount as the winner of the annual World Championship in Sheffield, England.

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