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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.



Gambling News :

Keimo Suominen Wins MPNPT Tallinn 2017 Main Event - Finnish online qualifier Keimo Suominen has taken the mantle of MPNPT Tallinn Champion from last year’s winner Ranno Sootla, winning €45,200 after a heads up deal with Davis Modans. They’d outlasted a field of 534; the total prize pool reached €258,990 – well over its €150,000 guarantee.

Foxium chooses Microgaming’s Quickfire platform - Game developer Foxium is integrating with the Quickfire platform via an exclusive deal.

14 Left in MPNPT Tallinn Main Event - All 14 players who have made it to the end of Day 2 in the MPN Poker Tour Tallinn Main Event can now consider themselves to have officially run deep.

Day 2 of the MPNPT Tallinn Main Event - Day 1b of the MPN Poker Tour 2017 Tallinn Main Event easily surpassed the tournament’s €150,000 guarantee on its own. Yesterday’s 416 entries brought the total number so far up to 522

Michael Myers is back in Halloween Slot Machine - Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.

Joe Fortune new Rewards Program - Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.

Day 1a MPN Poker Tour Tallinn Main Event - Day 1a brought 106 entries into the €550 Main Event, with nearly as many players turning out for the last €35 super satellite into tomorrow’s Day 1b

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

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