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888Poker Taking Advantage of Pokerstars Boycott
Wednesday December 2,2015 : 888 POKER CAPITALISES ON POKERSTARS BOYCOTT
Rival cuts rates and increases guarantees as professional players protest PokerStars changes.
888Poker appears to be capitalising on troubles at PokerStars over changes aimed at encouraging a more recreational style of player.
Over 2,500 professional and high stakes players started a three-day boycott of PokerStars this week in protest at the changes to the poker giant's VIP program, with quieter cash game activity an almost immediate result.
The company has halved the rake on certain cash games and increased prize pool guarantees on a number of daily tournaments. Rake on PL Omaha games has been reduced from 5 percent to 2.5 percent (200PL and up), and two new tournaments have been launched targeted on mid-stakes MTT players, along with higher guarantees on some of the 888 regular tournaments.
The new tournaments comprise a $5,000 guaranteed 8-Max NL Hold´em tournament with a $55 buy-in, and a $5,000 guaranteed turbo event with a $30 buy-in.
888Poker has also announced $108,000 in increased tournament guarantees over the three days during which the PokerStars boycott is scheduled to run.
Whether the short term 888 initiative is enough to retain the PokerStars protesters in the longer term remains to be seen; experienced players have observed that there is little to choose between the VIP programs offered by both companies, although some opine that 888 offers greater benefits at the top end of its scheme.
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Gambling News :
Pokerstars Now Lead Sponsor of Global Poker League -
Alex Dreyfuss Global Poker League has received a significant boost from the announcement by Dreyfuss Mediarex Sports and Entertainment company Friday that online pokers biggest operator, Pokerstars, has signed on as lead and exclusive GPL sponsor.
Betconstruch invests in Ucrafts -
BetConstruct may have also been attracted by the obvious interest in Ucrafts business - the start-up has already gained 5,000 subscribers in just a few months of commercial activity.
Plus500 Founders Selling Off Shares -
Alon Gonen and Gal Haber respectively sold 7.2 million shares, retaining a 10.4 percent interest in the company; and 2.6 million shares, retaining a smaller stake of just 3.6 percent.
Rush Golf Live Launches -
Virtual sports provider Inspired Gaming has announced the launch of its latest product - Rush Golf Live - with Betfred the first operator to carry the game.
GreenTube and Chopsticks In Partnership -
Novomatic Interactive subsidiary Greentube has announced that it has signed a partnership deal with the Gibraltar-based mobile app developer Chopsticks In The Apps Ltd through which it will organize distribution of Chopsticks games through its online, mobile, social and land-based channels.
Singapore Gambling Exemptions Granted -
The issue of certain state-linked commercial organisations being granted exemptions from Singapores tough anti-online gambling laws has been on the table for the past few months and has been the subject of opposition complaints; protest petitions and general argument.
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