PokerStars Announces Rake Increases For Global Market
Company Says Overall Impact Is 4-Percent Price Increase
The world’s largest online poker site announced this week that it will be raising its pricing, better known as rake, for a number of its offerings.
PokerStars said the changes will only be in its “global, shared liquidity markets,” which means it won’t be applying to the rake in the ring-fenced market of New Jersey, for example, which the site launched in on Monday after last week’s testing phase. The PokerStars NJ platform has its own rake structure.
The changes go into effect for the poker site, which, according to PokerScout, averages 15,500 cash game players, on Mar. 28, the company said.
The poker site, which controls roughly 70 percent of the global online poker market, said that the changes come “following a review of the current business environment and the pricing policies employed across the competitive landscape for online gaming.”
“Even after these changes, PokerStars will still have the lowest overall pricing of any major online poker operator,” the company said.
According to PokerStars, the overall impact will be a rake increase of four percent.
“PokerStars will continue to monitor its games and make regular adjustments to pricing whenever necessary,” it added.
Games affected include the site’s Spin & Go’s, multi-table tournaments and cash games.
In multi-table tournaments, PokerStars will now have fees on rebuys and add-ons; MTT hyper-turbos will have their rake increase to five percent; and the cap and percentage of rake will be increased in some no-limit and pot-limit ring games, mainly heads-up.
PokerStars added that some rake caps will be lowered and limit games will not be affected.
The rake changes follow a major announcement last month that Full Tilt’s liquidity will be combined with PokerStars’. Both sites are owned by Amaya Gaming.
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