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Online poker network wants more recreational players
9/8/09 - Creating fertile grounds for speculation and debate this week comes the news that the International Poker Network operated by Boss Media plans to introduce fines on overly generous licensees on the network come November this year.
The motive behind the measure is apparently to encourage the skins to attract a greater number of recreational (and more likely to lose) players, say some observers commenting on Boss Media's intention to fine licensees whose payout ratio (total cash game winnings divided by total cash game stakes) in any month exceeds 99.8 percent of total stakes.
Because the IPN licensees use a common e-wallet system - Webdollar - the provider will be able to assess payout ratios for each skin with accuracy.
Apparently the idea is to redistribute the cash from the fines to those licensees whose websites are pulling in the desired class of (losing) player, assessed by looking at skins which show a monthly payout ratio of less than 97.5 percent of total stakes.
Initial - and unofficial - reports indicate that the minimum fine will be half an average day’s gross rake, while the maximum fine will be 3.75 times average daily gross rake.
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Gambling News :
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
Team Hot Launches -
#teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.
Netent Q3-2016 Earnings Report -
#netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.
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