In a shocking press release ahead of the World Championship of Online Poker finale at PokerStars, owners Amaya have revealed their plans to rebrand the “COOP” series of events into one Online Championship series with 500 events and 50% rake.

The World Championship of Online Poker, the Spring Championship of Online Poker and the Turbo Championship of Online Poker will all be merged into the Fun User Championship of Online Poker, or FU-COOP.

A recreational-friendly series

The new FU-COOP will have 500 hyper-turbo events, with a discounted entry fee for recreational players. Players who have reached PlatinumStar or higher within the past 24 months will pay an additional 10% rake.

“We anticipate some negative feedback from this plan,” said Amaya Head of Corporate Communications Eric Hellraiser. “However, we decided that retrospective punishment in the shape of fines is the best way to deal with players who dared generate enough rake to pay for our salaries.”

A controversial rake structure

The Main Event of the FU-COOP will be a $5,000+$2,500 buy-in, with up to four re-entries and unlimited rebuys. Naturally, re-entries and rebuys are also raked.

“We have listened to players,” Hellraiser said. “Taking on board the negative reaction to previous changes at PokerStars, we have decided that rebuys will only be raked at 35%.”

More information

The FU-COOP will take place annually, and satellites to the events (which start at a buy-in of just $10+$5) are running now from just $0.01.+$0.005.

“We realise it’s controversial to charge half a cent of rake,” Hellraiser explained. “However, we’ve got kind of a Superman III thing going on.”

So far the initial advertising campaign for FU-COOP has been kept under wraps, but we can exclusively reveal that the tagline for the event is:

FU-COOP: Because what are you gonna do, play tourneys at 888?

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