Winamax Poker Reduces MTT Fees

Winamax Poker Reduces MTT Fees

Wednesday, 26 August 2015

The five-year downswing in the French online poker market has claimed another victim with news that Winamax Poker has been forced to reduce entry fees to one of its marquee multi-table tournament (MTT) events.

The French online poker market has seen total revenues decline by 30 percent since 2011 to stand at €4.5 billion ($5.1 billion) for 2014 with this trend continuing into 2015 despite calls by numerous mainstream media publications such as Le Monde for the government to act.

Winamax Poker has not been immune to this decline and recently reacted by cutting the buy-in for its weekly major, the €100,000 ($114,073) Winamax Main Event, by 50 percent.

Traditionally comprised of three starting days where players are able to buy-in for €150 ($171) before moving on to Day 2 on the Tuesday, the Winamax Main Event saw participation numbers hit an all-time low of 277 people earlier this week.

In response, Winamax Poker began selling entries for just €75 ($85), although this short-term offer was only made available to those who signed up before 11:30pm local time on the Monday.

Tags: Winamax Poker, France