- Five skins lined up for a June launch.
- Each has agreed to commit $10k to the upkeep of the network, which will redistribute all profits back to the skins.
- Founded on principals of encouraging player acquisition, and player fund security.
Clive Archer, formerly of BetOnsports and Action Poker Network, has announced the Equity Poker Network, a new non-profit B2B online poker platform. 3k355
Tentatively slated to launch in June, the new Equity network promises a “fairer future” at a fixed price, with the network organized as a non-profit collective controlled by its with transparent ing and a “Clearing House Functionality,” whose goal is to keep players’ funds accessible while ensuring enough funds are held to cover liabilities.
As envisioned, the network will also implement a “shark tax” to compensate member operators who supply a greater share of revenue-producing fish to the network.
At least five operators have committed to skins for the network’s startup, according to Archer, the creator of the concept.
The as-yet-anonymous operators are each agreeing to a flat-rate fee of $10,000 per month, which goes into a communal pool for the network’s operation and upkeep.
EPN will initially be based in Costa Rica, home to several other poker networks, and will utilize the same software that s Chico Poker Network (formerly Action Poker Network). That software has been in use for a decade and for several years has been owned and marketed by the Swedish software firm Playsafe Holding AS.
