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No RAKE at PartyPoker
Monday July 4, 2011 : All multi-table tournaments currently rake free as Party goes after the business
In a move interpreted as a concerted effort to go after online poker players left stranded by Alderney's suspension of the Full Tilt Poker licensing, Party Poker.com has announced that all of its multi-table tournaments are now rake free with all fees eliminated.
The unprecedented move gives players real value for money - all deposits will go to the prizepool. A company spokesman said that as an example; $200 (buy-in) + $15 (entry fee) would now be $215 + $0.
The spokesman said: "In an industry first, all MTT's on PartyPoker.com are completely rake free. For example, the buy-in to a main online satellite for the Summer Million, the main event of which takes place on Sunday 7th August, has changed from $600+$40 to $640+$0, while the rake is also waived on all feeder qualifiers. As the rake free period applies to all MTT tournaments - qualifiers for events such as WPT Paris and GSOP Manchester also have new structures which incorporate no fees.
"Fees being waived on MTT's is just another reason why there has never been a better time to play at Party Poker.com in a secure environment where prompt payments are guaranteed whether you are a micro or high stakes player.
"We will continue this outstanding value promotion for as long as we can – we are already pleased with the positive response to this move we have seen from the poker community."
In related news, Paddy Power Poker.com has announced that it has doubled its first deposit bonus for new customers while rewarding existing patrons for a limited time with a full matching re-load bonus worth up to $10,000.
The Playtech-powered operator revealed that its expanded sign-up offer will see new players rewarded with a 200 percent first deposit bonus for anything up to $2,000 while its latest re-load windfall is being made available until July 14.
Players taking advantage of the re-load promotion are to be given 60 days to release this bonus by earning points in any of the real-money games offered at Paddy Power Poker.com while the site stated that it will also host Sunday night tournaments featuring a $200,000 guarantee alongside daily freerolls, regular money added events and an exclusive VIP programme.
“A lot of poker players in Europe are on tilt at the moment and not surprisingly. Some online poker rooms are simply full of it and have really let their players down. We’re here to help by offering new and existing players a solid, transparent and secure alternative with great bonuses, exclusive VIP treats and fun promotions and you’ll be able to play poker and access your money all of the time,” said a company spokesman this week.
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.
Why is FullFlush Poker Still Down -
Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.
Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
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