PartyPoker to Reduce Rakeback for Its Top Players

Submitted by Ace King on

Written by :

Ace King

Published on :

PartPoker, the world’s third largest online poker room, plans to eliminate its Platinum Elite status VIP program offerings effective April 1, 2013.  Currently, the program offers these players up to 50 percent rakeback.  The reduction will result in no more than 30 percent rakeback. 

Americas-Cardroom-102512A.jpg

A spokesperson for the company said, “We believe the change will allow us to manage our poker room more effectively and ultimately allow for fairer distribution of bonuses across the network – this change will be implemented on as of the start of April 2013 onwards.”

PartyPoker is looking to improve its recreational player base while increasing volume. 

Parent company Bwin.party announced last summer that the group would announce a comprehensive plan to “optimize the poker ecology”.

- Ace King, Gambling911.com

 

Related Content

'Pizza, Pizza': Little Caesars Takes Full Control of Atlantic City's Ocean Casino

'Pizza, Pizza': Little Caesars Takes Full Control of Atlantic City's Ocean Casino

Little Caesars Pizza parent company sets up a new gambling division.
Chumba Casino Parent Company Vows to Stay in Kentucky: 'We Have Lawfully Operated in the U.S. for More Than a Decade'

Chumba Casino Parent Company Vows to Stay in Kentucky: 'We Have Lawfully Operated in the U.S. for More Than a Decade'

Chumba Casino parent company VGW tells Gambing911.com they have operated lawfully in the U.S. for over a decade and plan to continue doing so following Kentucky AG lawsuit.
Kentucky AG Goes for the Trifecta Against Two Prediction Markets and Chumba Casino Parent

Kentucky AG Goes for the Trifecta Against Two Prediction Markets and Chumba Casino Parent

It's deja vu for the online gambling sector as Kentucky comes after companies once again
Atlanta Georgia Gambler Wins  $10.2M Jackpot at Westgate Las Vegas

Atlanta Georgia Gambler Wins $10.2M Jackpot at Westgate Las Vegas

Atlanta gambler was playing a mere three minutes when a $5 bet turned into $10.2 Million.