The GOLO Masters is held every year in the bar where it all started, CB Hannegans in Los Gatos, California. The tournament is open to the first 70 entries.   Champions of past GOLO tournaments from around world are invited to compete in the GOLO Masters. The first GOLO Masters was held at CB's back in 2003. As tradition has it, each year the winner receives the coveted GOLO Green Jacket, a huge check for cash, and the memorial "GOLO LOVING CUP" which is a crystal trophy custom made by Country Club Crystal in New Hampshire. The "Loving Cup" is kept at the bar year round. Only the winners of past Masters have the honor of drinking from the HOLY GRAIL of tournaments.