From now on Betfair players have to get used to the fact that their commission rate has increased from 20 to even 60%. However, this change will affect only 500 of Betfair’s 3,8 million customers, who have the highest lifetime profit. The company considers it to be “fair compensation” for the quality of their service.
A premium charge was first introduced by Betfair in September 2008 followed by the company’s announcement that it would become effective on the 18th of July. For about 500 players winning consistently and with lifetime profit reaching£250,000 that will mean rise if their commission up to 60%. These people are mostly professional players, using automated systems to increase their winnings on the platform.
Betfair said that previous commission was enough only to break even and increasing it would be absolutely fair.
Its spokesman added that the aim of the pricing model is a fair pricing structure for all of their customers, the great majority of whom would not be affected by the changes.
According to him, the new fee is just a fair reward for the service Betfair provides to those 500 customers, who already pay some charges and commissions, which, however, cannot be compared with the profit they gain from Betfair.
The Rank Group still remains listed on the London Stock Exchange as Guoco Group affiliate All Global Investments Ltd (AGIL) did not manage to collect enough shareholder acceptances before the deadline on the 15th of July. AGIL needed only 0,5% to reach the target of 75%, though Guoco has claimed that it had no intention to delist the company since its bid of £585m was accepted on the 24th of June.
According to reports from France, ARJEL, French regulatory authority has thrown into question the legalty of “automatic rebuy” options on poker sites. ARJEL presumes that the option could empty players’ accounts “without them noticing”, and there is a possibility that the sites, if they want to keep the option, will be required to make players before each game choose the function of “auto-rebuy”. All operators will be forced to conform to this new, more precise ruling by the 1st of September.
Software provider Cayetano Gaming – that has lately been given a supplier’s licence by the Alderney Gambling Control Commission – has concluded a partnership agreement with OpenBet. That agreement will give OpenBet-powered operators the possibility to offer their players Cayetano’s casino games, containing 3D video slots.
Another gaming giant PokerStars is about to deal its 65 billionth hand, only four months after dealing the 60 billionth. The player who wins the anniversary hand will be awarded at least $65,000 and more players will be given some other bonuses in the lead-up.