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Originally Posted by Lee Jones
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Lee, there was a suggestion made at the recent meeting by Alex asking for FPP cash bonus rewards to be lowered significantly as well as the FPP cost.
We are looking at a few options to proportionally reduce the value of some VIP Reward Bonuses so that some players can convert their points to cash out more frequently. This may not affect all of the reward options and it's unlikely to increase the value per FPP of the rewards. But we definitely understand people's desire to be able to cash out more frequently.
I believe I made the same points in March that I assume Alex would have made in April and it would be a really good idea especially for players farther down the VIP ladder. A 6max, one tabling Bronze with a 0.10 VPP rate is going to be playing 333 hours before seeing a $25 reward. That's going to be maybe once a year at best for most of them.
Something I didn't think of at the time that should help to push you guys in favor of doing this for all cash bonuses is that you have a ton of players like myself, Supernovas and Platinums, with a ton of FPPs who are converting them to T$-->cash in sats which has two big consequences:
1) We're not playing cash games while we're doing this.
2) We're lowering the value of lower tiered players FPPs by infesting those sats.
As a low level Supernova, the $1500/100k is a bit of a stretch for me and I'd much rather spend the time on sats when I have 5 minutes here or there. I'd be much less likely to do this, and spend my odd 5 minutes on Zoom, if you proportionally cut the $4k/250k and the $1500/100k by 25%-50% to something like $2400/150k and $1200/80k.
An added benefit to doing this from the players point of view is it goes a long way towards bumping the frequency of cash bonuses back up for the higher tiered players, most of whom have experienced a VPP rate loss due to WC making those cash bonuses less frequent.