On October 26, 2015 an armed robbery took place at the Excelsior Casino located at the Holiday Inn Resort.
Subsequently, the management of the Excelsior Casino decided to temporarily not make available the Bad Beat Jackpot at the live poker game.
The Bad Beat Jackpot is a jackpot that is being built by the poker players. Two dollars is taken out of every pot to make this jackpot grow.
At the Excelsior Casino this jackpot had not been hit since March 2014 and therefore it had grown to an extraordinary high amount.
To be precise 129,294 US-dollars. We know this amount to be accurate because two days prior to the robbery one of the poker players requested this information.
Because of a rule that the maximum jackpot awarded is 50 thousand US-dollar, there was already enough money available for a second jackpot of 50 thousand US-dollars and a third jackpot of 29,294 US-dollars.
On December 7, 2015 the management of the Excelsior Casino decided to make the Bad Beat Jackpot at the live poker game available again.
However, they decided to start a new jackpot with an amount of 10 thousand US-dollars.
On December 11, 2015 there was a jackpot hit and only 10 thousand US-dollar was paid out. The next day the jackpot started at an amount of 5 thousand US-dollar.
On January 24, 2016 there was another jackpot hit. The amount paid out was 31.959 US-dollar. The growth of this jackpot was the result of the 2 dollar that was raked out of every pot in the previous weeks. The money that was present in the Bad Beat Jackpot prior to October 26, 2015 remains missing.
We – the poker players at the Excelsior Casino – have the opinion that the management of the Excelsior Casino does not have the right to take away the money that had been accumulated in this jackpot.
We demand that the full amount of 129,294 US-dollars becomes available again to be awarded as Bad Beat Jackpots.