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Microgaming Poker Changes Rake Policy
1/5/10 - The Microgaming Poker Network (MPN) has confirmed that it is to adopt the Weighted Contribution method of rake calculation.
The current method of rake calculation, which the network describes as the 'contributed method', allocates rake between operators in proportion to the number of players they had in the hand, regardless of the relative contributions to the pot.
"This approach had a tendency to confer greater benefit for operators with a higher proportion of rakeback players and consequently did little to discourage the negative consequences associated with that practice," a MPN spokesman explained this week.
"The new Weighted Contribution method is similar to the contributed method, except that the rake is allocated proportionally based on the amount contributed to the raked pot, enabling a fairer rake distribution and encouraging operators to bring in players at a lower skill level, typically referred to as ‘fish’, whilst simultaneously discouraging the practice of rakeback.
Andrew Clucas of the Microgaming Poker Network said: “The introduction of the new Weighted Contribution will reward operators with a greater proportion of looser, 'fishy' type players, encouraging them to target these players proactively whilst making rakeback as a practice less attractive within the Network.
"It is believed this initiative will encourage the right sort of contributing players into the Network whilst discouraging the grinding type of behaviours which can be so negative to the health of the Network.”
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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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