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Online poker site Full Tilt Poker's Manager took part in an online forum to give players some details on the site's new Full Tilt Reward Program which is set to launch with the new site in November.
Shyam Markus shared that the reward program is not something that came from the purchasing of the company by PokerStars, but was instead something that Full Tilt had been working on before it was crippled by US authorities on Black Friday.
The program will include weekly cash payments which are based on the amount of Full Tilt Points that players earn throughout each week. $2.50 is set to be awarded for every 100 Full Tilt Points awarded.
More details revealed by Markus about the program included:
“Unlike affiliate-paid rakeback, there are no deductions of fees (store purchases, promotions, etc, therefore, the 25% mentioned above will almost always beat the 27% that rakeback was giving, he said.
Because the weekly cash payments are now based on points earned, FTP’s will now be earned using the Weighted Contributed method instead of the Dealt method.
The weekly cash payments don't use up the FTP’s earned, so players can still spend them in the store. Depending on how they are spent, points add an additional 4-5% to the program, giving the top level of the new program a giveback of up to 30%.
Since there are no fee deductions, all FTP’s are worth more to former rakeback players than previously, which increases the value of promotions like Happy Hour and Take 2.
Full Tilt will have a transition from Iron Man and Black Card to this new program, so long-term players of both promotions will likely get a leg up in the new program from the start.
The top level of this program is significantly easier to achieve than Black Card was. The Black Card store will be changed so that anyone in the new top level can use it. This means that more players will be eligible to purchase cash bonuses in the store.
If player's qualified for the 2011 Iron Man Mid-Year Bonus, they will still receive it when the site re-launches.
The Black Card program will return (not at re-launch, but eventually) in a brand new way. Expect a little news about that soon."
The manager also went on to answer player questions about the upcoming re-launch of Full Tilt, and revealed that:
Players will be able to download, install and even log in before November 6th, to be sure the system runs smoothly at launch
Log-in PIN will still be in effect
FTP Lobby will not have changed
Multi currency cashier is in the pipeline
A fulltiltpoker.eu website is one of the company's highest priorities and can be expected in one of the early updates following re-launch
Pairing Full Tilt and PokerStars accounts will involve logging in to both sites and using a pairing code to link the accounts, but more information will be released when this is available.