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World Poker Exchange Revolutionizes Online Casino Poker |
| A decision by the World Poker Exchange announced last week has the potential to revolutionize the online casino poker industry. According to analysts, the new pricing initiative will greatly benefit online casino poker fans by abolishing the rake charge most online casino operators make on each pot played. Termed “No Rake Poker”, the move will help put more money back into the player’s pocket while seriously disadvantaging standalone online poker sites. Currently most online casino poker operators generate revenue by charging a rake charge on every pot won in a poker game. Sometimes these charges are expensive, often ranging between $10 to $25 dollars per player. But now that the World Poker Exchange has decided to eliminate rake charges for tournaments and regular online casino poker matches, players will receive refunds at the end of each week, resulting in more money to gamble with and much larger savings. The decision has understandably earned high praise from online casino fans. The World Poker Exchange is able to abolish rake charges on poker games due to its diverse revenue streams from sports betting interests, horse racing and online card rooms. The move to offer free poker is expected to boost the online casino group’s other interests. No Rake Poker will also attract higher numbers of players to the group’s site, while analysts predict that individual unaffiliated poker sites will struggle to retain members. Currently the online casino poker industry is worth $5.5 billion dollars annually. |
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