Wednesday 5th April 2006 World Poker Exchange to Give 100% Rakeback to Players
In what might seem like commercial suicide to anyone outside the poker business, the World Poker Exchange has announced that it no longer plans to keep rake or tournament fees from its online players. In a bold move, the company will now refund all such money back into players accounts at the end of each week, no strings attached.
The idea, apparently, is to create more of a sense of a community, rather than a place you go to give cash away with the chance of not winning it back. They’ve been able to make such a massive call thanks to their parent site, World Sports Exchange having a large customer base that doesn’t focus solely on playing online poker. They see this as an incentive to get new customers on board and entice those who had maybe stopped playing because of the rake.'
We consider ourselves pioneers and trend setters,” says Haden Ware, the company’s Managing Director. “We’re hoping this will take off.” Whether other companies are feeling so magnanimous is another matter entirely.
Source: OnlineCasinoNews
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