Equity Poker Network Launches First Non-Profit Poker Network
Unique Business Model to Deliver More Profits to Operators
San Jose, Costa Rica - The EquityPokerNetwork.com (“EPN”) is set to revolutionize the Network-Operator dynamic with the launch of the world’s first ‘non-profit’ online poker network. When EPN opened its doors for business, online poker operators around the world (including the U.S.) finally have a smarter Network alternative that guarantees a level playing field for all, and more profits back to the actual Operators.
EPN’s groundbreaking approach cedes control to the Operators, who form a management committee known as the “Cooperative”, where voting power – and the redistribution of network profits - is based on the volume each brings to the Network.
Stability and security are also emphasized for both poker room operators and players across the Network, highlighting its “Clearing House” functionality, which holds sufficient funds ‘in escrow’ to meet liabilities to the Network, and to cover cross-cage payouts between EPN rooms. This ‘insurance’ effectively insulates the Network and the Operators from the failure of one single Operator, as funds are held separately and cashflow is never impacted.
Operator benefits also include attractive low fixed monthly fees, and protection from an unbalanced poker eco-culture with the enforcement of the aptly named “Shark Tax”, a penalty designed to discourage Operators from bringing an unhealthy number of “sharks” or professional grinders to the Network. Another EPN ground rule is the original room that recruits a player will always retain profit from that player, putting an end to poaching, often encountered on other networks.
Each Operator is also afforded a level of autonomy to configure their own tournaments and promotions, and to allocate rewards, bonuses, and even rakeback to existing customers of up to 50% of rake, encouraging unique points of difference and creativity from one room to the next.
This non-traditional business model is the Network founder Clive Archer’s innovative solution to the already crowded online poker landscape that is further complicated by excessive start up costs, fierce competition for players, and unbalanced poker eco-cultures due to shark overload.
“Establishing a viable network was a key part of the process if we also wanted to operate a sustainable, profitable poker business with full liquidity, while providing fun, excitement, and a safe environment for the recreational player,” said industry veteran, Archer.
“We feel we have the right model, platform, and people to operate a network most successfully, providing operators with a ‘fairer future’, and players across the network with a secure and entertaining poker experience.”
Powered by scalable software that has been tried and tested for over 10 years, and currently live on existing networks, EPN is well equipped to provide tailored turnkey services to operators around the world in all jurisdictions with multi-currency and multi-language capability. The number of well-established, licensed Operators already signed on to become part of EPN is a testament to the early-success of Archer’s vision.
At launch, EPN’s flagship poker room, FullFlushPoker.com also dealt out its first hands of Hold’em on the virtual felt, currently running around-the-clock play-for-free tables, with a $500 freeroll on each Sunday at 15:00 ET.
Expect further EPN partner announcements to follow in the coming days and weeks.
