The opening ceremony of this famous yearly competition will begin at 11:30 a£®m£® There will be music groups, rappers and children's chorus£®12:25 p£®m£®sees the introduction of the eaters who come from all over the world£®At 12:40 p£®m£®the historic 12-minute all-you-can-eat competition will begin£®The world record stands at over 50 hot dogs and buns in 12 minutes£®Will anyone beat the record this year?