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CONCERN OVER FATE OF RAKEREDUCTION.COM
Tuesday September 20, 2011 : But is it really the fault of the software provider?
The twoplustwo poker information site has been lighting up as members speculate on the causes for the continued absence of payments or communications from the reportedly troubled RakeReduction company.
The company's website remained closed this week, bearing a notification dated August 8 which appears to blame software provider Elite Affiliate Software, which withdrew its services on August 4th amid speculation that it had not been paid. However, prior to that there were reports of payment and communications problems circulating regarding the rake company.
Rakeupdate.com and RakeReduction.com remain "temporarily inaccessible" for now, presumably as the management search for alternative software.
Compounding the apparent animosity between the companies, RakeReduction alleges: "On Monday August 8th, Owner and Marketing Director Randy Layman of Elite Affiliate Software (EAS) accessed and issued an unauthorized email to the RakeUpdate.com client base.
“Mr. Layman used the EAS system to execute this email in the name of firstname.lastname@example.org and presented a salutation of "Thank you, Rakeupdate". Be advised that any emails or communication received regarding RakeUpdate/RakeReduction prior to todays update should be disregarded as a fraudulent representation of RakeUpdate/RakeReduction."
The advisory ends on the intriguing note: "Since its inception, in 2005, Rake Update (RakeUpdate.com) and Rake Reduction (RakeReduction.com) have never been owned or rebranded by the software company known as Elite Affiliate Software, FeltPoker.com or their Owner and Marketing Director Randy Layman."
Reporting on the situation recently, the independent online poker monitor Pokerscout noted that RakeReduction is one of the largest rakeback affiliates in the online poker industry, but its website has been down for six weeks.
Before the site went offline the company was making few, if any payments to players and their sub affiliates, it reveals, noting that in some cases there are unpaid claims going back to April 15 and Black Friday.
And Black Friday may be the cause of the company's tribulations, Pokerscout surmises; RakeReduction had just committed to the expense of its new EAS software and was heavily exposed to the loss of revenue from sites named in the federal indictments like Full Tilt Poker and Absolute Poker.
"The margins for rakeback affiliates are very small. When you consider refer a friend and sub affiliate payments they can become razor thin," notes the well-reasoned Pokerscout article. "The combination of losing their three biggest rooms, not getting paid for play from the rooms and making payments from those rooms must have been a serious loss, one that is likely hard to overcome."
Pokerscout goes on to estimate that the numbers involved are likely to be substantial - perhaps in the hundreds of thousands of dollars - basing its calculations on the $155 000 reported to it so far by only 15 players.
The situation is being exacerbated by the apparent reluctance of the company to communicate and directly address the issue, although its representatives are apparently still visiting the growing twoplustwo thread on the debacle; and the software excuse is now running a little thin.
"It does not take much research to find out that they were not paying Elite Affiliate Software for their services," claims Pokerscout. "While there may be more to the story, when you do not pay your vendors for months, your vendors will stop providing their services to you. That is just common sense."
When InfoPowa went to press a response from RakeReduction was still awaited.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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