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PROPOSED NEW RAKE STRUCTURE EXPENSIVE FOR PARTY POKER
Wednesday August 31,2011 : Player traffic drops 3 percent..
Party Poker's aborted rake structure changes may have cost the poker operator its second place in the top sites. An independent online poker monitor reports that the company's traffic declined by 3 percent last week, allowing Playtech's iPoker network to consolidate its second position in the market.
"The [rake changes] move drew a firestorm of protest, with players organizing a mass "sit-out" on Wednesday at some of the affected limits," the monitor reports.
"The virtual picket line had a profound impact on the targeted games. At $3/$6 no limit hold'em 6-max, for example, the average number of seated players ballooned from 23 to 290, while the average pot plummeted 98 percent from $67.40 to $1.55. The impact at the $5/$10 6-max tables was more limited in scope, but between the hours of 10 am and 9 pm Pacific, player counts more than tripled while average pot sizes fell 87 percent."
Among the top 10 sites and networks, gainers and losers were evenly split at five apiece, Pokerscout reports.
Although iPoker Network saw a fall of 2 percent in traffic, it still had enough steam to outperform Party Poker and claim second place in the rankings. iPoker currently holds a lead of more than 5 percent over Party Poker.
Top 20 movers in a relatively quiet week of internet poker included:
• Winamax.fr moving up to eighth place, pushing Microgaming down to ninth.
• Svenska Spel climbed two spots to 14th, causing IPN and EverestPoker.fr to move down a notch.
• Ongame.fr and PartyPoker.fr traded places in 19th and 20th places, with Ongame.fr coming out on top this week.
According to PokerScout's ACES indicator, online poker traffic (ex- Italy) has decreased by 23 percent in the last year, due mainly to Black Friday.
Year-over-year changes for some individual sites and networks include:
888poker up 126 percent
Merge Gaming Network up 74 percent
Bodog up 68 percent
iPoker Network up 19 percent
The losers are predictably lead by Full Tilt Poker at 100 percent down, followed by the Cereus Network, down 97 percent; International Poker Network (IPN) down 41 percent; Microgaming Poker Network down 24 percent; and Everest Poker down 20 percent.
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Gambling News :
Wanajump Launches -
#Wanajump Spanish online and land gambling operator Grupo R. Franco appears to be emulating the William Hill group, announcing this week that it is to begin a start-up accelerator program for innovative entrepreneurs, which it has titled Wanajump.
Coral Launches player proposition betting product -
Digital Sports Tech, a business-to-business software provider of sports betting solutions, has signed a deal with UK online and land sports betting operator Coral to provide an innovative player proposition betting product.
Oshi online casino now accepts fiat currencies -
The Oshi online casino, which started just a year ago as a Bitcoin-denominated operation, has described its expanded activity in a statement this week, noting that in addition to Bitcoin it now accepts fiat currencies and has added new game providers to its roster of suppliers.
New Standards for UK Online Gambling -
Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.
Pennsylvania Gambling Bill 1887 returned with additions -
The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.
Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
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