The Lucky 7 tournament is a single elimination tournament held over one night. One "lucky" person gets an automatic advance to the second round, only having to compete twice to win instead of three times. The winner then gets to cash in for a championship opportunity at any time in the remaining calendar year.
-- Vince McMahon has tweeted yet again. Here is what he said:
"I came to work today and treated it like my first day on the job"