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Pokerstars vs. French Players Resolution
01/16/2012 : PEACE TALKS AT POKERSTARS SUCCEED (Update)
French negotiators report a workable compromise
A major confrontation between Pokerstars and its rebellious French players has been averted, according to reports from a negotiatinbg team that visited the Isle of Man headquarters of the giant internet poker operator this week.
The team reports that following two days of talks a compromise has been reached on player differences with the operator over tough changes to rake calculation and VIP rewards that Pokerstars claimed were necessary to ameliorate the impact of heavy French government taxation.
The online poker information portal Pokerfuse reports that the deal includes an increase in the VPP multiplier from 5.5 to 6 and the tournament multiplier to 6.5, and that Milestone Cash Credits have been upped to above 2011 levels, and Stellar rewards will be increased.
There are also one-time compromises for players with high VIP tiers, including bonus compensation and a 2-month extension to maintain their VIP level this year.
You can't please everybody, and one of the negotiators appeared to realise this, posting on a popular poker message board:
“Many of you will be disappointed but, being realistic, you will understand that we probably got the best deal possible, or we came close at least.”
Pokerstars will now sit down with representatives from a wider player interest group scheduled to visit the Isle of Man shortly to discuss similar problems with this operator’s decisions, especially the switch to the “weighted-contributed” rake format, which, it is claimed, adversely effects high-volume players.
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Mybet Earnings Struggle -
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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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