Tag: fees
No More Withdrawal Fees PartyPoker
PartyPoker, the online poker brand of bwin.party, has announced that players withdrawing funds via most banking options will no longer face processing fees. Customers withdrawing funds via popular banking methods such as Mastercard, Visa and PayPal were previously faced with processing fees. However, writing on the PartyPoker blog, director of games Golan Shaked said that after listening to feedback from players, the operator will halt these fees. “When we started our ‘Poker for the People’ campaign, withdrawal fees and our loyalty store were the two hottest topics raised at our live player forums,” Shaked said. “Our poker team has been…
Philippines cuts fees for casino licenses
Inquirer – The state-run Philippine Amusement & Gaming Corp. has struck a deal with gaming operators to cut license fees by 10-percent of gross gaming revenues to neutralize the burden arising from a controversial judicial ruling that changes the gaming tax regime. The reduction in license fee as a percentage of gross gaming revenues from both high-roller VIP (very important person) and mass markets was intended to “make whole” the gaming operators after a Supreme Court order that removed Pagcor’s tax exempt status. As a consequence, the tax regime changes for all private licensees as well. Instead of paying the…