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Badbeat Jackpot Hit On AbsolutePoker
It's been a few weeks since a really significant Cereus Network poker bad beat jackpot was hit, but it was back with a vengeance mid-week when an Absolute Poker veteran from Florida using the handle EMILIE14 triggered a massive $807 543.95 windfall.
EMILIE14 and his opponent, PEACE2UALL were at the heart of the action, with the former sustaining a brutal bad beat when his Jack-high straight flush was demolished by PEACE2UALL’s Royal Flush.
For his loss at the table, EMILIE14 received $270 843.03, whilst PEACE2UALL collected an additional $132 904.14 to his win. Two other players who were playing at the table and had been dealt into the hand each took home $2 678.25 in cash in terms of the bad beat rules. And 57 other players each pocketed $1 678.25 for playing at Bad Beat Jackpot Tables.
To qualify for the Cereus Network Bad Beat Jackpot, players must be seated at specially declared tables. There is an additional 50 cents taken from every hand played on these tables to increase the jackpot until the jackpot is hit. To qualify for the bad beat, a player must have at least quad Eights or better get beaten by a better hand.
Once a player hits the jackpot, Cereus divides up the jackpot, taking 10 percent for itself and another 25 percent to seed the jackpot pool for the next round. The player who suffered the bad beat takes down 50percent of the remaining prize pool, 25 percent goes to the player who administered the bad beat, and the remaining players at the table get a minimum of $1 000.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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