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(PZ) Royal Vegas Poker Gives Players Cause to Celebrate Their Bad Beats
Published: 2005-12-21
 BELIZE CITY, Belize, Dec. 21, 2005 (PRIMEZONE) -- Most players don't remember being dealt the great hands in poker; they just remember winning. However, ask a player about their bad beats and they can tell you every card and suit on the flop, the turn and the river. Now, for the first time, Royal Vegas Poker (www.royalvegaspoker.com) is giving players who suffer bad beats a cause to celebrate. Unfortunate victims of gut-wrenching losses can ease their pain with Royal Vegas Poker's new progressive Bad Beat Jackpot that's nearing $90,000, and growing.
A ticker in the lobby of Royal Vegas Poker counts the increasing size of the Bad Beat Jackpot, which is established by a small portion of the rake taken from predetermined Bad Beat Tables. To date, the jackpot has reached $89,990.
The jackpot will continue to grow until someone loses with at least four-of-a-kind, eights or better. The losing hand wins nearly half the prize pool and the winner takes home a quarter of the prize pool. The remaining money will be divided equally among other players involved in the hand and used to establish the next prize.
Now, with more hands eligible to win the pot, more win-win situations will arise when players hit the other half of pocket pairs. No great hands will go to waste. Visit www.royalvegaspoker.com for further details.
About Royal Vegas Poker
Hosted by Lou Krieger, author of "Poker for Dummies," Royal Vegas Poker is the site where thousands of players come to play and "Beat the Experts," every Wednesday night. A safe, fun and trusted poker room, Royal Vegas Poker has been nominated for both the 2004 Gold Award and 2004 Silver Award for "Top Poker Site" from Gambling Online Magazine, and is a top rated poker site at Casinomeister.
CONTACT: Lotus Public Relations
Media Contact:
Kerry Johnson/Ann Manby
212-922-5885
kerry.johnson@lotus-pr.com/ann.manby@lotus-pr.com
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Australian poker champion trumps tax collector
Published: 2005-12-22
 SYDNEY (Reuters) - An Australian world poker champion has played the perfect hand -- against the tax collector.
Mortgage broker Joe Hachem won US$7.5 million (4.3 million pounds) in the World Series of Poker in Las Vegas in July this year, setting up a high-stakes showdown with the Australian Taxation Office.
In Australia, a professional gambler is liable to pay tax on offshore winnings, but Hachem's lawyer said poker was his hobby, not his profession.
"He was a full-time mortgage-broker and poker was a pursuit," lawyer Peter Donovan said on Thursday. "He was doing about four or five hours a week, just like we would play tennis or watch TV."
But the next time Hachem sits down with the tax collector, he may have to fold his hand. Poker is now a much bigger part of his life. Asked if Hachem's next windfall was likely to be taxed, Donovan said: "I've got the feeling that he probably will."
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