Party Poker Removes Rake Charges from Multi-Table Tournaments
Party Poker, one of the sites hit hardest by the Black Friday legal indictments, is bouncing back and proving itself to its fans through an unprecedented business move — the removal of all rake charges from its multi-table tournaments. Members of the popular online poker platform will now be able to compete in the same games they’ve come to love with the added potential for extra cash rewards.
The decision to forgo the rake fee traditionally charged at all multi-table tournaments is a substantial one and will see Party Poker players competing for larger sums during the period that the special deal is on offer. Party Poker has detailed how the rake fee removal will work, explaining that the money usually collected by the hosting company will now go directly into prize pools, bulking up winnings across a wide number of small and large scale games. As a result of the move, events like the Summer Million and qualifiers for tournaments such as the GSOP Manchester will have their structuring reconfigured to accommodate the change.
Considering the bad press and legal difficulties that have resulted in the wake of the Black Friday indictments, Party Poker’s move seems like a smart one, sure to help drum up new business and win back wary fans. While the company has yet to outline exactly how long it plans to offer the rake fee removal, a Party Poker spokesperson released a statement that the site “ . . . will continue this outstanding value promotion for as long as we can.”
The decision to forgo the rake fee traditionally charged at all multi-table tournaments is a substantial one and will see Party Poker players competing for larger sums during the period that the special deal is on offer. Party Poker has detailed how the rake fee removal will work, explaining that the money usually collected by the hosting company will now go directly into prize pools, bulking up winnings across a wide number of small and large scale games. As a result of the move, events like the Summer Million and qualifiers for tournaments such as the GSOP Manchester will have their structuring reconfigured to accommodate the change.
Considering the bad press and legal difficulties that have resulted in the wake of the Black Friday indictments, Party Poker’s move seems like a smart one, sure to help drum up new business and win back wary fans. While the company has yet to outline exactly how long it plans to offer the rake fee removal, a Party Poker spokesperson released a statement that the site “ . . . will continue this outstanding value promotion for as long as we can.”
