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Pokerstars Backtracks on RAKE Increases
Wednesday January 7,2015 : POKERSTARS ABANDONS CONTROVERSIAL RAKE INCREASES (Update)
Most of the unpopular rake changes introduced last November 3 discontinued.
Pokerstars appears to have taken notice of the unpopular player reaction to its imposition in early November 2014 of changes to its rake structures, with communications chief Eric Hollreiser announcing this week that the company will in most cases be abandoning the changes and reverting to former practice.
When the changes were introduced last year players accused the company of unilateral and short-notice action that had lost sight of its "player first" traditional policies and replaced them with greed under its new Amaya Gaming ownership.
Hollreiser explained the about-turn by Pokerstars thus:
"As you're likely aware, more countries are introducing taxation, increasing the impact on our business and the poker economy at large. We will continue to use a combination of rake increases and VIP Club reward reductions to address the increased taxation, but these changes will be made consistent with our past practice of sharing up to 50% of taxation with players."
Hollreiser added that no further rake increases in 2015 are envisaged, except in jurisdictions where changes may become necessary due to local increases in taxes. He also promised that in future any changes would be heralded by timely notifications to players.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
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Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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