This is not a good strategy to incentive users reach the high level rank just to be able to join tournament poker event. When the minimum wager required was 10K, anybody got motivated to deposit more for to lucks one is to win one of the bets, the second is to increase the minimum wager to reach VIP level and benefit from exclusive features like the poker tournament event. Now users will find it quite hard to reach 50K wager and probably they will forget about the whole thing and may even leave the casino.
Well said and I am in agreement with you on this. This is too fast too soon type of marketing strategy. Yeet.com might have seen at least 10-15 players chasing 10k wager in order to get into the poker tournament but now I believe hardly 2-3 new players will achieve that.
Another strategy would have been something along the line of different tournaments for different VIP levels. IMO, 2.5k for silver level and 5k for gold level (gold level vips should be able participate in both).
I'm sure they'll lose a significant user base after this update, especially since other platforms run poker tournaments on a weekly basis with minimal requirements. One of those tournament requires a wager of as little as $5 and is managed by a respected campaign manager here on the forum, offering priority for forum community. Poker tournaments have become a competitive area within marketing strategies, and they seem to be able to attract users and motivate them to trust the sponsoring casino more.