Posts Tagged ‘PartyPoker’

Partypoker Withdraws from Australia

 Partypoker Withdraws from Australia

The fallout from the recent online gaming regulatory changes in Australia continues, as partypoker has announced that it will be withdrawing from the country’s internet poker market, effective August 31st.

In a brief statement, which can be found on the website of party’s parent company, GVC Holdings, partypoker said:

It has been announced that Australian gambling law is due to change imminently with the introduction of the Interactive Gambling Amendment Act. Sadly, because of this change, gambling firms licenced and operating outside of Australia will be forced to prevent customers resident in Australia from playing on their gambling websites. Therefore, from 31st August 2017 partypoker players will no longer be able to play from Australia. Players’ deposited funds are safe and available for withdrawal.

partypoker Managing Director Tom Waters said, “We regret that this day has come as Australia is a strong poker market. We will continue to work with the Australian player alliance to lobby the government to provide a safe regulated environment for residents to play online poker in the future.”

This decision stems from the approval of changes to the Interactive Gambling Amendment Bill 2016 a couple weeks ago by the Australian Senate. The bill states that all online gambling operators must apply for and be granted a license to offer their services to people in the country. This is certainly not unreasonable – we poker fans here in the United States want government licensure and regulation – and normally partypoker would look to apply for such a license. The problem in this case is that the only form of online gambling for which licenses are available is sports betting.

Thus, in order to operate in Australia, partypoker would have to work in violation of the country’s gambling laws, as it will literally be impossible for the company to receive an online poker license. None will exist. So, rather than be a rogue operator – and there will be rogue operators – partypoker has decided to withdraw from the market completely.

The new gambling law has not taken effect just yet; they will start up 28 days after the bill is signed by Sir Peter Cosgrove, Australia’s Governor-General. This act, called “Royal Assent,” took place on August 16th, so it looks like September 13th is the day of reckoning for online poker in Australia.

Partypoker is not the first online gambling site to pull out of Australia. Bingo site Vera&John led the way in December. 888poker became the first online poker site to do so, withdrawing in January. PokerStars announced that it would likely do so a while back, finally confirming as such approximately a week ago. We would expect most other online poker rooms to follow suit, provided they do not want to be on the wrong side of the law.

As partypoker mentioned, player funds are safe – they just won’t be useable as of August 31st. We would suggest players cash out their poker funds as soon as possible, not because they won’t be there come September, but just in case the process gets more complicated once partypoker shuts down in Australia.

Poker News Daily

Partypoker Offers Initial Details for September Powerfest

 Partypoker Offers Initial Details for September Powerfest

Partypoker has unveiled the first details of the fall 2017 Powerfest online poker tournaments series, a series which will feature an insane 330 events (more than that, actually), a dozen Championship events, and $ 35 million in guaranteed prize pools. Powerfest will run September 3rd through September 24th.

“Powerfest just keeps getting bigger and better so this time it was only right to increase the guaranteed prizepool again to $ 35,000,000,” said partypoker Managing Direct Tom Waters on the partypoker blog. “I hope that the players like the changes that we have made and continue to support us. The new championship events were added to give a little prestige to the headline tournaments and each of the winner will receive a trophy. Starting with a buy-in of $ 11, everyone has the opportunity to be crowned a Powerfest champion.”

Though the lowest priced championship event is $ 11, buy-ins for Powerfest on the whole get as low as $ 5.50. They also get as high as $ 25,500 for the $ 3 million guaranteed Super High Roller championship event, which is schedule to last two days.

Patrick Leonard, partypoker ambassador, seems excited for Powerfest, as one would expect him to be, as he is, after all, the site’s ambassador:

I remember playing Powerfest at the start of the year and it was great to play some ‘pure’ poker. No gimmicks, just good structured tournaments. In May everything exploded, it was pure poker again but super-sized with insane guarantees and bigger buy-ins than ever before. I got an email this week and saw the schedule for this series in September, I helped make a couple of tweaks and I think it’s without doubt the best schedule partypoker has ever had. Bigger buy-ins, bigger guarantees, 2 day tournaments and the software will be improved making it easier for players to find the right tournaments and their experience will be better than ever before on the tables. I’ll be playing every day and cannot wait.

Partypoker says that “phased” events were so popular last year, that the poker room has made twelve tournaments phased events for Powerfest. These tourneys are essentially like regular events, but with an optional satellite. Players can play in Phase 1 of a phased event and try to survive to the final phase, which takes place on a later date, or buy-in to the final phase directly for about ten times the Phase 1 buy-in. If there are multiple Phase 1 tournaments – and there usually are – players can enter as many as they would like and take their largest ending stack with them to the final phase.

The schedule for the championship events has been published by partypoker, though the entire 300+ event schedule has yet to be released. I must say, though, that the championship schedule is a bit confusing. It shows the first two championship events to be Powerfest 111 and Powerfest 112, both on September 10th. These are listed as Phased Events, with Phase 1 buy-ins of $ 109 and $ 530, respectively, and direct final phase buy-ins of $ 1,050 and $ 5,200.

The next two Sundays are Powerfest 218 and 219 on September 17th and Powerfest 323 and 324 on September 24th, with the same phased buy-in structure as the first two phased championship events. The odd thing is that they are listed as “Final Phase” as opposed to 111 and 112, which are just “Phased.”

My initial thought was that something was missing, as the way it was worded made 111 and 112 seem like the Phase 1 events. As I think about it though, I think it is just inconsistent wording. Each of those six championship events are the final phases and the Phase 1 tourneys play throughout the week leading up to Sunday. Hopefully that will be made clearer in the final draft of the schedule.

Poker News Daily

PartyPoker Gives Grinders Something to Do, Launches Newest Gladiator Promo

 PartyPoker Gives Grinders Something to Do, Launches Newest Gladiator Promo

As we have discussed numerous times on this site, online poker rooms and networks have been moving to recreational player-friendly models for a few years now. Poker pros and serious amateurs are finding their opportunities to grind for rewards more limited now than in the past, while casual players are being protected and seeing more chances to earn a little something for their play. Partypoker was one of the first to start leaning towards the “rec” players, but it has not gone away from the pros completely. Case in point: the latest Gladiator promo, which rewards players for playing as much as possible.

Gladiator – which has been recurring promo since 2010 – began April 17th and will run through May 6th. Unlike a lot of online poker promotions, this one is pretty straightforward. The more people play, the greater rewards they can earn.

It comes down to VIP points and for how many days certain points thresholds are attained. At the very lowest end of the spectrum, anyone who earns one VIP point on five separate days during the Gladiator promotion will win a ticket into a $ 250 freeroll. Bump that up to ten days and it is a $ 500 freeroll. The first three points levels – one, five, and ten points – all award freeroll tickets for the different day milestones (five, ten, fifteen, and twenty days). The lone exception there is ten points on each of twenty days. In that case, the reward is $ 8 cash.

Starting at the 20 points mark, all prizes are cash. The top prize is $ 2,500 for those who are able to earn 1,200 VIP points on each of twenty days (in other words, the entire Gladiator promo).

But who on Earth can generate that many points for three straight weeks? Professional grinders, that’s who. There is certainly something for casual players here (not much, though), but who this will really help are the players who put in the time and play for more than just micro stakes.

At PartyPoker, players earn two VIP points for every $ 1 in tournament fees and/or cash game rake. So, if we do the math, 1,200 points – the highest target number – would require $ 600 in rake. Across 20 days, that is $ 12,000 in total rake. Someone who does that will receive $ 2,500, approximately 21 percent rakeback for the promo period. That’s quite good, especially when added to the rewards that player would normally get.

Most people who earn cash rewards will still receive the equivalent of double-digit rakeback, so that’s not bad! For example, if someone pulls in 20 VIP points for just five days, that’s 10 percent rakeback. The dollar amount ($ 5) isn’t worth celebrating, but when you think about how relatively easy that goal is, it’s 10 percent effective rakeback is a nice little bonus. And it’s not like most people will have to alter their play style to get at least a little something, since all real-money games count.

As with most promos at PartyPoker, players must “opt-in” via the promotions area of the software.

Poker News Daily

PartyPoker Gives Grinders Something to Do, Launches Newest Gladiator Promo

 PartyPoker Gives Grinders Something to Do, Launches Newest Gladiator Promo

As we have discussed numerous times on this site, online poker rooms and networks have been moving to recreational player-friendly models for a few years now. Poker pros and serious amateurs are finding their opportunities to grind for rewards more limited now than in the past, while casual players are being protected and seeing more chances to earn a little something for their play. Partypoker was one of the first to start leaning towards the “rec” players, but it has not gone away from the pros completely. Case in point: the latest Gladiator promo, which rewards players for playing as much as possible.

Gladiator – which has been recurring promo since 2010 – began April 17th and will run through May 6th. Unlike a lot of online poker promotions, this one is pretty straightforward. The more people play, the greater rewards they can earn.

It comes down to VIP points and for how many days certain points thresholds are attained. At the very lowest end of the spectrum, anyone who earns one VIP point on five separate days during the Gladiator promotion will win a ticket into a $ 250 freeroll. Bump that up to ten days and it is a $ 500 freeroll. The first three points levels – one, five, and ten points – all award freeroll tickets for the different day milestones (five, ten, fifteen, and twenty days). The lone exception there is ten points on each of twenty days. In that case, the reward is $ 8 cash.

Starting at the 20 points mark, all prizes are cash. The top prize is $ 2,500 for those who are able to earn 1,200 VIP points on each of twenty days (in other words, the entire Gladiator promo).

But who on Earth can generate that many points for three straight weeks? Professional grinders, that’s who. There is certainly something for casual players here (not much, though), but who this will really help are the players who put in the time and play for more than just micro stakes.

At PartyPoker, players earn two VIP points for every $ 1 in tournament fees and/or cash game rake. So, if we do the math, 1,200 points – the highest target number – would require $ 600 in rake. Across 20 days, that is $ 12,000 in total rake. Someone who does that will receive $ 2,500, approximately 21 percent rakeback for the promo period. That’s quite good, especially when added to the rewards that player would normally get.

Most people who earn cash rewards will still receive the equivalent of double-digit rakeback, so that’s not bad! For example, if someone pulls in 20 VIP points for just five days, that’s 10 percent rakeback. The dollar amount ($ 5) isn’t worth celebrating, but when you think about how relatively easy that goal is, it’s 10 percent effective rakeback is a nice little bonus. And it’s not like most people will have to alter their play style to get at least a little something, since all real-money games count.

As with most promos at PartyPoker, players must “opt-in” via the promotions area of the software.

Poker News Daily

Partypoker Releases Preliminary Details for May Pokerfest

 Partypoker Releases Preliminary Details for May Pokerfest

So PokerStars has announced its 2017 Spring Championship of Online Poker schedule, but not to be outdone (well, it will be at least a little outdone), partypoker has also released some preliminary details for its big online poker tournament series this spring, Powerfest. Powerfest will run May 7th through May 21st and will feature more than 300 events (yes, more than THREE-HUNDRED) and more than $ 20 million prize pools.

As one might expect, with literally hundreds of events, everyone will be able to find something for them. Buy-ins range from $ 5.50 up to $ 25,500. One cool thing about that $ 25,500 Super High Roller event, scheduled for May 17th, is that partypoker will take no fees from it. Instead, the $ 500 fee from each entry will be donated to a charity chosen by the tournament’s winner.

Pokerfest has some parallels to PokerStars’ SCOOP. The events have different buy-in options; last Pokerfest, held earlier this year, each event had four tournaments with buy-in levels called Featherweight, Middleweight, Heavyweight, and High Rollers. Additionally, Pokerfest will have eight multi-phased tournaments. These tourneys have multiple starting flights, spaced out across more than one day. Everybody each day will play the same amount of time and later on in Powerfest, those who make it through will join together in a united field to play out the rest of the tournament.

The four PokerFest Main Events will be held on Sunday, May 21st. Here is the breakdown:

Powerfest #291 Main Event $ 50,000 Guaranteed – $ 11 buy-in
Powerfest #292 Main Event $ 100,000 Guaranteed – $ 55 buy-in
Powerfest #293 Main Event $ 1 million Guaranteed – $ 215 buy-in
Powerfest #295 Main Event $ 1 million Guaranteed High Roller – $ 1,050 buy-in

On the partypoker blog, the site’s Managing Director Tom Waters said of this spring’s Pokerfest:

We decided to go for it this time and increase the total guaranteed prizepool for the upcoming Powerfest to over $ 20 million. There are some fantastic new headline events in the series, including three $ 1m guaranteed editions of the Title Fight, a $ 2m charity event and eight phased tournaments covering a range of buy-ins. I’m confident that the players will love the variety of events on offer and will relish the opportunity to become a Powerfest champion.

”I will be playing more online events than ever in this new edition of Powerfest on partypoker,” added partypoker ambassador Sam Trickett. “The addition of the $ 25K Super High Roller is great and it’s a really nice touch from partypoker to donate all fees to charity.”

In addition to two of the Main Events listed above, there are six other tournaments with guaranteed prize pools of at least $ 1 million. The largest guarantee is $ 2 million, in the previously mentioned $ 25,500 Super High Roller.

The entire Powerfest schedule has yet to be posted on partypoker’s website, but with it a little over a month away, we would expect it to be up soon so players can start planning.

Poker News Daily



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