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Microgaming Poker Strategy Changing
1/5/10 - Today (January 5th) will see the start of a new policy at the Microgaming Poker Network, according to several reliable sources. Observers say the policy is designed to encourage online poker sites on the network to bring in more "fish" (less experienced and therefore more likely to lose than win) players to ensure that the balance between deposits and withdrawals moves closer to the former.
Poker News, commenting on the move, reports that beginning January 5th, MPN will move from the contributed method of rake calculation, in which the operators’ rake is calculated by splitting pots between the total number of players, to the weighted method, whereby rake per room is generated proportionally according to the amount that individual players contribute to each pot.
"Although this may sound confusing to most people, it essentially means that it pays for Microgaming skins to attract players who are more likely to redeposit when they loose their cash playing.
In other words, the sites recognize they won't make money from successful players who cash out winnings over the long run," is how the poker information site interprets the policy.
The Microgaming Poker Network is not the first to move in this controversial direction; the general strategy has been extensively and publicly debated by operators for some weeks and is already being implemented by major networks such as Boss Media's International Poker Network, Playtech's iPoker network and the Bodog network, which penalise skins with higher withdrawal than deposit ratios. The Merge network is also reported to be pursuing a similar policy.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
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.
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