June 16th, 2007
The Cryptologic Network have decided to make an internal decision to change their rakeback structure. This change will not necessarily negatively impact players it can give you the opportunity ti earn up to 50% rakeback in the new tierd structure seen below
Cryptologic rooms will now pay rakeback on the Net rake calculation, Gross rake minus 22.5% administrative fees, and these changes will be from July 1st, 2007 onwards. The amount of rakeback you will receive will depend on the My Poker Points, or MPP’s, that are obtained in the Rakeback period. Payments are bi-monthly and you will receive the highest tier payment, that is obtained for the period.
Earn 0 - 249 MPP’s = 20% Net Rakeback
Earn 250 - 1,249 = 30% Net Rakeback
Earn 1,250 - 2,499 = 35% Net Rakeback
Earn 2,500 - 3,999 = 40% Net Rakeback
Earn 4,000 - 5,499 = 45% Net Rakeback
Earn 5,500 + and you will receive 50% Net Rakeback