(Video) UFC president Dana White enters a $10M Baccarat Tournament

UFC President Dana White is betting big once again, this time at MGM Grand’s high-stakes baccarat tournament with a $10 million prize pool. The gambling enthusiast shared his formal invitation on Instagram, complete with a $1,000 bill tucked inside a sleek black envelope.

“My 1st ever Baccarat Tournament @mgmresortsintl 10 Million Dollar Tourney,” White posted, though it remains unclear whether he meant his first personal tournament or if this is MGM’s inaugural event of this magnitude.

This latest gambling venture comes after White’s remarkable winning streak when he reportedly won between $26-27 million from Caesars Palace alone during the first quarter.

“Caesars Palace… I clipped these guys for $1 million a night from, like, the first week of January all the way into March,” White revealed during an appearance on the Full Send podcast.

White’s affinity for high-stakes gambling has become notorious in Las Vegas circles, with some establishments refusing to accommodate his preferred betting limits. He’s been vocal about venues that won’t allow him to play, specifically calling out Wynn Las Vegas.

As a result, White now primarily gambles at properties that accommodate his high-rolling style, including Caesars Palace, Bellagio, and Red Rock Resort in Summerlin. The latter, owned by longtime UFC backers Frank and Lorenzo Fertitta, hosts White at somewhat lower stakes, though he remains their only player authorized to bet in the deep six-figure range.

White has discussed his risk tolerance with mental health professionals, who have analyzed his willingness to wager enormous sums. He’s also praised internet personality Adin Ross for sharing a similar mindset toward gambling.

“Adin is fascinating,” White said. “I was sitting in here a couple days ago with a psychologist and Hunter, and these guys are psychoanalyzing me….And Adin Ross is one of those guys too.”

White has gambled alongside Ross multiple times and admires the young streamer’s approach: “When you actually watch Adin sit down… zero fear of risk, this kid. He’s all in. For somebody that young to play the way that he plays, with the kind of money he plays with—it’s pretty badass.”

All eyes will be on the MGM Grand this weekend as White tests his luck in the high-stakes tournament, attempting to add to his already impressive gambling resume.