A new agreement between World Snooker and the north London venue will see the tournament staged there until at least 2015.
The Masters, which features the world's top 16 players and boasts a top prize of £150,000, moved to Ally Pally this year and proved a resounding success with phenomenal ticket sales.
Next season's event runs from 13 to 20 January, 2013. TICKETS FOR THE MASTERS ARE ON SALE - for details call 0871 620 7052 (calls cost 10p per minute plus network extras) or visit www.worldsnooker.com/tickets.
And until May 31 we are running a HALF PRICE OFFER on tickets from Monday to Thursday.
Australia's Neil Robertson won it this year by beating Shaun Murphy 10-6 in the final. He said: "I think all of the top players are delighted that the Masters has moved to Ally Pally. It's a big arena with 1,500 seats and when it was full it was really buzzing. It was the best atmosphere I've ever played in apart from the world final. I can't wait to get back there and have a crack at defending the title and I hope to see the arena packed out again."
World Snooker Chairman Barry Hearn added: "We are thrilled to sign this new three year agreement to keep the Masters at Alexandra Palace. It is a fantastic venue and moving this elite invitation event there was a spectacular success. I have no doubt that the fans will flock to north London again to see the very best players in the world."
Duncan Wilson, Chief Executive of Alexandra Palace, said: "We are very proud that Alexandra Palace will host the Masters for the next three years. It is a superb reflection of the event we created with World Snooker 2012, and we will continue to build on that success. We look forward to hosting and working with the players and the World Snooker team, to create the best atmosphere for the tournament."
Ball by ball scoring and results from tournaments