PartyPoker Reverses Course, Increases Cashback
Beginning May 22nd, PartyPoker players will be eligible to receive 40% rakeback every week in an apparent effort to attract PokerStars players who have been recently rocked by lowered VIP rewards over the last few months.
The announcement marks a bit of a reversal for Party Poker, which in recent years has favored a recreational-player focus and diminished rewards for the highest volume players.
To participate in the program, players will need to opt-in every week from the “rewards” section of the Party Poker software. Players will then receive PartyPoker rakeback based on the number of points earned during the week.
Those who earn 1200 in points (or $1200 in rake) per week will receive the maximum 40%, while players generating $25 in rake will receive 20%, 25% for $150, and 30% when generating $600. Players will receive their reward every Monday.
Anyone with loyalty points on Party Poker use them as they expire in 5 days for a new and improved rakeback system.
— It'sMeSkylerD (@ItsMeSkylerD) May 16, 2017
– The rake-free PokerStars All Stars cash games completed last week with $100,000 in prizes awarded to the top performers of the exclusive tables over the last month. PokerStars awarded over a dozen cash prizes to these players with Hatrick19911 winning $25,453 over 4,600 hands, enough for the $20,000 top prize. According to PokerStars, the promotion exceeded expectations. The poker will undergo discussion with All Star players on how the promotion could be improved before adding a second season.
In other news, PokerStars could leave the Australian online poker market by July as anti-poker legislation looks to be finalized over the next few weeks. 888poker left the Australian market in January as new online gambling rules appeared as though they would be enacted.
– Want to invest in Daniel Negreanu? Kid Poker is selling 5% of his action in the Super High Stakes High Roller at the end of this month at the Aria. In other Daniel Negreanu “news,” the folks at r/poker theorized that Negreanu may be pursuing a side yogurt career (not really).
Selling 5% of my action in #SHRB to the luckiest person who reaches out to me. No markup, you just need to explain to me why you are lucky.
— Daniel Negreanu (@RealKidPoker) May 15, 2017
– Grinderschool.com poker training video examines the poker learning approach. This is episode 7 in the 13 part series on Common Pitfalls in Poker.