A new online poker site from Norway’s Playsafe Holding has debuted at PayNoRake.com offering some of the sector’s highest commission and rakeback rates, which is sure to make it a popular destination for players.
Licensed by the Kahnawake Gaming Commission and operated by Playsafe subsidiary Ecom Enterprises NV, PayNoRake.com is offering a bi-weekly $10,000 guaranteed tournament to help celebrate its launch alongside seats to the upcoming European Poker Tour in Monte Carlo worth $21,000.
'We are looking forward to the industry’s reaction,” said Shaun O’Neill, Director of Affiliate Marketing for PayNoRake.com.
“We know that players and affiliates will be happy as no other poker site in the industry is offering the rakeback levels and the earning potential that PayNoRake.com is offering. Since so many poker operators in the industry have mixed feelings about rakeback, we expect our competitors to be upset.
“Our objective is to change the game in a manner that the PokerStars and the Full Tilts of the world won't match and reward our players for playing at PayNoRake.com. We expect it will be months before any of our competitors even consider matching what we are offering players and affiliates. Not many sites are equipped to give up to 100 percent rakeback to players and pay it daily. This can save an average player $400 to $500 per month and a high roller could easily pocket $30,000 to $40,000 in a year on top of any winnings.”
Rake is the money that an online casino or poker room takes in compensation for hosting a game, sometimes as a cut of the overall pot. However, rakeback is a promotional offer in which a percentage of these payments are refunded to the player.
“By offering the highest rakeback in the industry, we will beat the industry-average player retention,' said O’Neill.