Betdaq, the betting exchange owned by Irish businessman Dermot Desmond, has recently launched its new online poker site.

As part of their launch, Betdaq has announced the €100,000 Betdaq Poker Bonanza, with cash prizes for all players.

Open only to Betdaq customers, the freeroll tournament will take place on 7 September 2008.

With a buy-in of 2,500 VIP points, for which daily and weekly qualifiers are running for as little as 1 VIP point, the online tournament will be paused when there are nine players left. These players will keep their remaining chips and play out the final table at a live event at The Sporting Emporium Club, Dublin on 20 September.

All finalists will receive €1,000 towards expenses. From the €100,000 prize-pool, €75,000 will be kept for the final table while the remaining €25,000 will be divided out to the rest of the field.