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PARTY POKER DELAYS RAKE CHANGE
Friday August 26,2011 : Player resistance causes rethink
Party Poker's plans to change the rake formula announced mid-week came under immediate attack by unhappy players and has reportedly been put on hold whilst the company reconsiders the implications.
The policy change proposed by Party Poker indicated an intention to move to weighted contributed rake from the present dealt rake structure.
In a brief statement this week the online poker operator acknowledged adverse player feedback and promised a decision soon on excluding $3/6 and $5/10 NL hands from the changes.
Players pointed out that such a change would prejudice disciplined and tight players compared to looser playing recreational players, and claimed that the proposed new method offers bigger rewards for the more active players who generate greater rake for the site.
A number of players across the poker message boards actively discussed boycotting Party Poker, estimating that the operator would benefit to the tune of 45 percent more rake at $3/$6 and 63 percent more at $5/$10.
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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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