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partypoker Offers Up to 40 Percent Rakeback

is replacing its current loyalty scheme with a new, simpler program May 22, one that rewards partypoker players with between 20 and 40 percent of their rakeback every week as a cash payment.

Under the current four-tiered loyalty scheme, partypoker players earn two points for every $1 they contribute in cash game rake and tournament fees. These points can then be exchanged for poker tournament tickets, up to $500 cash and casino bonuses via the Loyalty Store built into the partypoker software.

When the new loyalty scheme launches on May 22, it will no longer be possible to purchase items with points.