Wednesday, 30 January 2013
It’s something forum fanatics and poker players have said for years, but with the recent demise of ZEN Entertainment it seems that free-play subscription poker sites don’t work.
Following an inability to sustain its affiliate sites, such as UFC, Jamie Gold’s FreeGoldPoker and CardPlayer Poker, ZEN Entertainment has filed for Chapter 11 bankruptcy.Despite having a database of 750,000 players, the network never succeeded in making a profit and needed to borrow more than $16 million just to keep it afloat.When it launched the free-play subscription network had big plans and regular offered $100,000 in guaranteed monthly prizes. However, with US regulation seeming further and further away they have been unable to harness the power of their sizable playerpool.Filing for Chapter 11 bankruptcy will allow ZEN to do a deal with NYX Gaming in a bid to keep the company going by attracting outside investors. However, if this fails then NYX Gaming will take control of ZEN’s technology and have the right to sell it.The network’s failure is certainly a minor blow for the US poker community as it not only removes another gaming option but further signals the tough landscape poker operators are currently facing.
Juicy Stakes has just launched a range of new online poker tournaments and is celebrating by offering a limited-time 50% re-load deposit bonus worth up to $100.
Intertops Poker and Juicy Stakes are offering online poker players the chance to take part in the main event at the upcoming St Maarten stop of the TK Poker Tour for as little as $1.10.
The Winter Poker Championship Seefeld 2017 is set to kick off from February 16 and one lucky online poker player will be taking part after winning a prize package worth $4,000 into the Austrian extravaganza’s main event at Intertops Poker on Sunday.
The Winter Poker Championship Seefeld 2017 is set to run from February 16 to February 26 and online poker players are being offered the chance to win a prize package into the Austrian tournament series’ main event for as little as $3.30.
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