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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 :
South Africa Going After Illegal Gambling -
In South Africa a combined national police and federal enforcement initiative has shuttered 19 illegal gambling venues across the provinces of Northern Cape and North West.
Global Poker League Championship Results -
#gpl The inaugural season of the Global Poker League Championship played out this week with the Montreal Nationals besting the Berlin Bears across 11 games to claim the $100,000 main prize.
Yahoo DFS Gets Uk License -
#yahoo Industry observers point out that Yahoo has thus far carried out little in the way of major marketing on DFS in its US endeavors, unlike rivals DraftKings and FanDuel, and they expect it to follow a similar path in the Britain.
SPANISH GAMBLING MARKET CONTINUES TO GROW -
Spain's gambling industry continued to advance in 2015 with growth in most sectors, according to the latest research report from the Codere - University of Madrid Institute for Policy and Governance collaboration released this week.
Novomatic Acquires Albanian National Lottery -
#Novomatic The Austrian gaming technology group Novomatic has issued a statement confirming that it has completed the final required steps for the successful acquisition of the Albanian National Lottery.
2016 Massachusetts Gaming Commission Report -
Industry journalist Steve Ruddock picked up on some interesting statistics from the latest annual report of the Massachusetts Gaming Commission released this week, flagging the current results from its on-going monitoring research of the state gambling market.
Jack Lam denies bribe allegations -
Allegations by Philippines Justice Secretary Vitaliano Aguirre that casino tycoon Jack Lam used 'facilitator' Wally Sombero in an attempt to bribe him into protecting Lam interests have been hotly denied by Lam.
Fonbet Gets Russian Betting License -
#Fonbet Russian-licensed operators are required to use officially sanctioned payment hubs called TSUPIS to facilitate government oversight, and this may be a concern for Fonbet at present.
New Attempts to Restore the Wire act -
In the first of these initiatives, which Online Poker Report notes is supported by only eight state AGs (half those who signed a similar letter last year), the signatories seek support for RAWA at a Congressional hearing scheduled for December 9.
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