Wednesday March 13,2013 : EQUITY POKER NETWORK LAUNCHES
Believed to be headed up by ex-BetOnline CEO
Promotional blurb says the new Costa-Rica based Equity Poker Network is a cooperative non-profit poker network where operators can now sign up to a fairer future where profit and cross cage is balanced ensuring that mostly losing players will be winners.
“We’re rewriting the rules to provide small and medium size businesses with an opportunity to offer their players online poker without losing their shirts each month to cross cage and sharp players,” said Clive Archer, described at the "architect" of the EquityPokerNetwork.com. “We understand how valuable player wallets are to operators, and can now offer a solution with our new cooperative poker network where everyone wins.”
EPN says it will redistribute profits back to operators on a basis of contribution and offer very low fixed fees to be part of the network. Additionally the network rules will be less restrictive on promotions and provide lower costs, better liquidity and a level playing field ensuring that even recreational player bases will flourish.
“Equity Poker Network is on track to make many operators leap at the chance to become a part of the cooperative, sick of the month on month costs of having online poker as the black sheep of their product set – now they will have something to really get behind,” continued Archer. “With rock solid software that has been tried and tested for over 10 years we are certain that creating this new fairer playing field for both operators and players is going to provide a huge relief to all that will be joining our Network over the coming months.”
Established by an un-named group of investors who reportedly have a long-term "blue chip track record in Gaming", EPN offers additional revenue opportunities such as proprietary sportsbook, terminal products and
Archer is believed to be the previous chief executive officer of BetOnline which was bought out in early 2010 by ex managers of BetonSports Dalton Wagner and Clive Archer.