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Pokerstars Fucking Over Players With Increased Fees

Friday October 31,2014 :  POKERSTARS FURORE OVER RAKE AND TOURNAMENT FEE INCREASES
 
Many players dismayed and annoyed by new charges announced by online poker giant.
 
Further revving up players already concerned about the imposition of margins on foreign exchange financial transactions , online poker giant Pokerstars announced hikes in rake and tournament fees Thursday.

Source http://professionalrakeback.com/Online-Poker-News/PokerStars-Increases-Rake-and-Tournament-Fees
 
Communications chief Eric Hollreiser revealed that a new rake structure will be introduced in two phases commencing November 4, 2014 and January 1, 2015, and that the popular Battle of the Planets promotion will be discontinued from Saturday November 1.
 
Hollreiser made a valiant effort to put a positive spin on the news, saying that it was part of a commitment to keep poker fresh and exciting, but his comments did not appear to resonate with many disgruntled players.
 
The rake changes will impact all stakes of heads-up hyper-turbo sit-and-go tournaments in a complicated range of changes that are best understood when viewed in tabulated and reviewed in detail
 
"We make these decisions every day across the entire company," Hollreiser said Thursday. "Most changes go unnoticed, because they're meant to unobtrusively improve the player experience."
 
"The issue is that most of the attention often goes to some other changes such as our recent changes to the foreign exchange (FX) charges or the rake that we apply to various games. We know that some of these decisions will not be popular in all quarters and they're not decisions taken lightly, but are made looking broadly across the poker ecosystem."
 
He added: Like any good poker player, we know that you have to adapt or risk being left behind. The choices we make today aren't for short term gain; they're made because we believe they're the right thing for tomorrow.
 
"We'll continue to make tough calls to secure the game in the present and make bold moves to best invest in the future growth of the game. Our goal continues to be to provide the best, most exciting poker experience and keep the poker universe growing."
 
However, players bridled at some of the increases, highlighting in particular:
 
* Some hyper speed tournaments, such as the $215 buy-in suffering an increase of 85 percent, and the . $50 buy-in suffering a rake increase of two hundred and fifty percent.  Rake increases range from two hundred and sixty six percent on the low end to a mild five percent in the thousand dollar buy-in games.
 
* Cash game rake rates are also set to go up, with the heads up rake cap, on both heads up tables, 6max tables, and ring game poker tables with exactly two seated players effectively doubling for all stakes below $25/50 and quadrupling for the $25/50 games. Additionally, $25/50+ players will notice that when five or more players are dealt in, the rake will increase an additional 66 percentage points.
 
* There will be additional tournament fees for all re-buy and add-on tournaments for players in regulated markets due to excess taxation, gaming duties and value added taxes imposed by the governments concerned.
 
* Players, some of them urging a boycott of the company, have listed other beefs against the new Amaya Gaming management policies, which have seen reduced loyalty program benefits announced; discarding players from more than 24 grey markets; reduced value in promos; the move to casino gaming instead of remaining focused on poker; and pushing games with increased variance.



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US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

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