..

The Party’s Over: Tournament Rake Returns at PartyPoker

Written by:
Ace King
Published on:
Aug/07/2011
PartyPoker

PartyPoker made headlines last month when they began offering rake free tournaments in the wake of competitor Full Tilt Poker’s abrupt shutdown.  New customer acquisition percentages were in the double digits as a result of this promotion.  But you heard the saying, “all good things must come to an end”, and they have. 

affiliate banner 120x60

The rake has now returned, and at 17 to 20 percent, effective August 1.

PartyPoker alluded to an August 7 return of the tournament rake, however, the party seems to have ended early. 

That promotion and the FTP shutdown helped PartyPoker to gain the second largest online poker market share despite it not accepting US customers.  After the company was forced to leave the US market in late 2006, Party saw more than half its customer base evaporate.  As of Monday August 7, Party was in a dead heat tie with iPoker to hold on to the number 2 spot after moving up an impressive 500 average weekly real cash players ahead of its nearest competitor last month.  Party was averaging around 200 more real cash players than iPoker during the early morning hours of Monday, we should note. 

Additionally, the Summer Million promo at PartyPoker that featured a rake-free $640+0 since July 4 has now been changed to $600+40.

- Ace King, Gambling911.com

Poker News

Shulman Cruise Terminated as Ship Owner Goes Bankrupt

Shulman Cruise Terminated as Ship Owner Goes Bankrupt

The four-month, $400,000 world cruise that first couple of poker Barry and Allyn Shulman are on has been terminated, just days after it began.

Man Carrying AR-15 Subdued at Poker Room: Up to 50 People Inside

Man Carrying AR-15 Subdued at Poker Room: Up to 50 People Inside

Police say a security guard at the Legends Poker Room at 9200 Richmond tackled the armed man. The gun went off several times, but no one was harmed. 

Chris Moneymaker to Assist in PayPal Suit

Chris Moneymaker to Assist in PayPal Suit

While Moneymaker will not be a plaintiff in the case, he will be assisting Poker League of Nations (PLON) founder Lena Evans in retrieving nearly $27,000 in confiscated funds from the online payment processing giant.

Binance CEO Changpeng Zhao Has Amassed Biggest Crypto Fortune on the Planet: Began With a Poker Game

With $96 billion, Binance CEO Changpeng Zhao ranks among the richest men in the world, and that figure does not even include Zhao's massive crypto fortune, considered the largest on the planet. 

An Unvaccinated Mike Matusow Would Likely Have Been 6 Feet Under By Now

An Unvaccinated Mike Matusow Would Likely Have Been 6 Feet Under By Now

Outspoken poker pro Mike "The Mouth" Matusow said early Wednesday morning he was feeling much better following a second bout with Covid despite receiving his booster shot.....but at least we can be grateful he is still around to bitch about the vaccine.

Syndicate