BREAKING: No Rakeback on Full Tilt Poker, Sources Claim
Full Tilt Rakeback is Over - Sources Say
6:14 AM EDT - Just minutes ago, sources close to Full Tilt Poker informed Rakeback.com that the new FTP will not offer flat rakeback to players.
Additional details that are known at this time:
- The change will apply to ALL players - existing players included.
- A new loyalty program will be announced at a later date.
*** Update: ~30% Rakeback Equivalent
10:11 AM EDT -
FTP Rep Shyam Markus has posted on the forums that the new rewards system will consist of weekly cash payments based on the number of Full Tilt Points (FTPs) earned that week.
Available to all players by default, the weekly cash payments will max out at offering a 25% rakeback equivalent. $2.50 will be paid into players' accounts per 100 FTPs for players reaching an as yet unknown volume requirement - although it will be 'significantly easier to achieve than Black Card was'.
Zero MGR deductions this time round will make the 25% count for more than the old 27% + MGR hit.
In addition, FTPs are not 'used up' by the weekly cashback system - they remain available to be spent in the store for an extra 4-5% value.
There will be a transition into this new program from the old Iron Man / Black Card schemes, and previous high-volume players will 'likely get a leg up in the new program from the start'.
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