EPT Prague cash game rake increases have upset a number of longtime poker players ahead of the December 6th European Poker Tour stop in the Czech Republic.
The 2019 EPT Prague tournament series is set to begin this Friday as new Casino Atrium owner Leon Tsoukernik prepares to extend his poker industry collaboration efforts to the PokerStars LIVE brand.
READ: European Poker Tour Prague Official Details (PokerStars LIVE)
READ: Interview: Leon Tsoukernik Buys Casino Atrium in Prague (Jack Stanton – PokerStars Blog)
According to PokerStars LIVE, the series will include five EPT-branded tournaments over the course of 12 days with several preliminary/satellite events scheduled to run alongside the main attractions.*
EPT National €1,000 + €100 (December 7th-11th)
EPT Main Event €5,000+ €300 (December 11th-17th)
EPT Cup €300 + €30 (December 9th-10th)
EPT Super High Roller €49,000 + €1,000 (December 9th-11th)
EPT High Roller €10,000 + €300 (December 15th-17th)
* Consult official EPT Prague full tournament schedule and structure pages here.
Poker Players Criticize EPT Prague Cash Game Rake Increases
The EPT Prague 2019 tournament structures offer a mix of “freezeout,” “single re-entry,” and “single entry per flight” tournaments with “unlimited re-entries” restricted to qualifiers, satellites, and high roller events.
However, the announced EPT Prague cash game rake increases (compared to previous years) have resulted in criticism from several poker community members who frequent the TwoPlusTwo public boards.
DISCUSS NOW: EPT Raising [Cash Game] Rake on Short Notice (2+2 NVG sub-forum)
“So one week before the event starts and people have already booked their flight and accomodation, the casino raises the rake for cashgames between 30 and up to 70%. For example previously 50/100czk (approx 2/4€) the rake cap was 300czk (12€) Now for a 2/5 game the rake is 20€.” eptfriends
“They also take 2€ out of every flop dealt for ‘staff.’ So the 30-70% rake increase is not enough yet to pay your own staff?” eptfriends
“Wow that rake is out of control.” bicyclekick
“Sounds like the casino is responsible for this, not the EPT.” NooooBingo
“I agree that the low stakes rake change is unfair, announced this late. Also running it twice potentially costs you rake twice?” – “The 2€/hand are totally pointless, they were there last year as well, but with the lower rake structure. Now it’s even higher rake than at the kings, maybe most won’t realize it…” DuFisch
“Tables are going to be full same as before. Although I hate those changes, I’m going to play same number of hours as last year, same as everyone else.” mosquito!
“It is a shame that the ‘Exclusive Interview’ by Jack Stanton here didn’t discuss the impact on poker players of this change.” Josem
“20 euro a pot for 2/5, lol. Why would anyone ever go there? I thought California was bad.” unta
Editorial Analysis: Two Plus Two Magazine Publisher’s Note (Mason Malmuth – September 2019)
European-based poker player, teacher, and personality Andreas Froehli has reached out to his social media audience to likewise express concern over the 2019 EPT Prague cash game rake increases.
Week 1 YouTube Ratings: 351 Views – 17 Likes, 0 Dislikes (Andreas Froehli YouTube Channel)
2019 EPT Prague Cash Game Rake Increases (Observations)
* All observations belong solely to the author.
As regulatory mandates established by qualified, licensed Responsible Gaming and Game Integrity personnel spread across the globe — and as jurisdictional-based governing bodies seek to efficiently capture regulated gaming revenues, licensed brick and mortar casinos will continue to face growing pressure to increase/stabilize customer spend across all platforms.
Caesars says about 15-20% of its customers are unprofitable and it’s now focusing on this group. It will try to make them profitable for the company or stop comps to those that “live off our offering program.” The company has a $1.9bln yearly comp program. #casino pic.twitter.com/yTVB3nbqmm
— Todd Prince (@toddprincetv) September 13, 2018
DISCUSS NOW: Caesars Claims 15-20% of Customer Base is ‘Unprofitable’ (Vegas Casino Talk)
Land-based casino square gaming footage optimization is likewise a topic that has been covered in jurisdictions such as Pennsylvania — particularly in content published here at Part Time Poker — which explains how “live” casino poker rooms generate only a tiny fraction of revenues compared to their “banking” game counterparts in the Keystone State (blackjack, roulette, casino poker, craps, baccarat, etc).
RELATED: PA Live Poker Room Revenue Numbers Are Cause for Concern (Jan 28, 2018)
The proliferation of industry-driven increase customer spend narratives in regulatory proceedings and public input forums (such as what transpires in official hearings carried out by the Pennsylvania Gaming Control Board), along with the multitude of scandals that have negatively impacted both live and online poker throughout the years, may be “forcing” casino personnel to focus their efforts more intensely on improving the revenue-based performance of regulated peer-to-peer games.
2019 EPT Prague Cash Game Rake Increases (Conclusion)
In this author’s view, the 2019 EPT Prague cash game rake increases are:
- 100% the responsibility and up to the authority of the venue/event organizer/licensing body
- likely to have a negative “Expected Value” impact on professional poker players, which will (arguably) be partially offset by game composition and structures
RELATED: Should Viability of ‘For-Profit Poker’ Concern Poker Rooms? (Jun 3, 2018)
As a matter of social responsibility tied to affiliate marketing outreach, it is recommended that individuals who have expressed concern with the higher per-hand cash game fees at EPT Prague do not participate in said games if they feel uncomfortable doing so upon arrival at the venue.
Best of luck at the tables!
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