Pokerstars: "Overall Impact Will Be a Rake Increase of 4%"
Published on March 22nd, 2016 2:25 pm EST![The King is in his trademark thinking pose](https://www.poker-king.com/images/articles/king_thinking_pose.jpg)
Pokerstars, which has infuriated many players over the past year or so with their rake increases and changes to its VIP rewards program, revealed that the "revised pricing" will result in a "rake increase of 4%".
Pokerstars is justifying these changes by saying that they will "still have the lowest overall pricing of any major online poker operator". In fact, the Pokerstars press release included a graph comparing the site's proposed rake structure at $0.02/$0.05 - $5/$10 NLHE and PLO against that of their major competitors.
Many players, especially those who try to grind out a living online, are outraged by the rake increases, especially given the events of the past year. Daniel "KidPoker" Negreanu has also been on the receiving end of a fair amount of vitriol today, as he serves as one of the faces of the site.
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Here are the new rake changes, courtesy of Pokerstars.com:
"-Spin & Go rake will be increased by one percentage point for buy-ins from $1 to $30 (two percentage points in $3 buy-in). $0.25, $60 and $100 buy-ins will not change.
-In multi-table tournaments, PokerStars will match the practices deployed in our closed liquidity markets where rebuys and add-ons incur fees similar to the original entry. These tournaments represent approximately 12% of the current main schedule.
-MTT hyper-turbo rake will be increased to 5%.
-Cap and percentage of rake will be increased in some no limit and pot limit ring games, mainly heads-up. Some rake caps will be lowered. Limit games will not be affected."
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When Amaya, Inc., a publicly traded company, purchased Pokerstars and Full Tilt Poker in the summer of 2014, many people feared the worst. Pokerstars' player-friendly environment, they said, would be discarded in favor of increased profits for shareholders. For those people, yesterday's rake increase announcement is just more validation.
Source: Pokerstars.com - Pokerstars Announces Revised Pricing
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Filed Under: Online Poker Rooms