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PokerStars
PokerStars is an online poker cardroom that was a part of The Stars Group until it was sold to Flutter Entertainment on May 5, 2020. It can be accessed through downloadable poker clients for the Windows, macOS, Android and iOS. It is the largest real money online poker site in the world, controlling over two-thirds of the total online poker market. A PokerStars.com online satellite tournament produced the 2003 World Series of Poker (WSOP) champion, Chris Moneymaker. As the first person to become a world champion by qualifying at an online poker site, Moneymaker's 2003 win was an important factor in catalyzing the poker boom of the mid-2000s. The press has called this the " Moneymaker effect." History PokerStars launched its beta play-money-only site on September 11, 2001. The company began offering real money wagering on December 12, 2001. PokerStars was originally a Costa Rican company, Rational Enterprises, which was majority owned by the Israeli Scheinberg family ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PokerStars Logo
PokerStars is an online poker cardroom that was a part of The Stars Group until it was sold to Flutter Entertainment on May 5, 2020. It can be accessed through downloadable poker clients for the Windows, macOS, Android and iOS. It is the largest real money online poker site in the world, controlling over two-thirds of the total online poker market. A PokerStars.com online satellite tournament produced the 2003 World Series of Poker (WSOP) champion, Chris Moneymaker. As the first person to become a world champion by qualifying at an online poker site, Moneymaker's 2003 win was an important factor in catalyzing the poker boom of the mid-2000s. The press has called this the " Moneymaker effect." History PokerStars launched its beta play-money-only site on September 11, 2001. The company began offering real money wagering on December 12, 2001. PokerStars was originally a Costa Rican company, Rational Enterprises, which was majority owned by the Israeli Scheinberg family. The com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Online Poker
Online poker is the game of poker played over the Internet. It has been partly responsible for a huge increase in the number of poker players worldwide. Christiansen Capital Advisors stated online poker revenues grew from $82.7 million in 2001 to $2.4 billion in 2005, while a survey carried out by DrKW and Global Betting and Gaming Consultants asserted online poker revenues in 2004 were at $1.4 billion. In a testimony before the United States Senate regarding Internet Gaming, Grant Eve, a Certified Public Accountant representing the US Accounting Firm Joseph Eve, Certified Public Accountants, estimated that one in every four dollars gambled is gambled online. Traditional (or "brick and mortar", B&M, live, land-based) venues for playing poker, such as casinos and poker rooms, may be intimidating for novice players and are often located in geographically disparate locations. Also, brick and mortar casinos are reluctant to promote poker because it is difficult for them to profit fr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mark Scheinberg
(Igal) Mark Scheinberg (born 1973) is an Israeli-Canadian businessman and investor with investments in various sectors including real estate and luxury hospitality. He is the co-founder and former co-owner of the online gambling company PokerStars, which was sold in 2014 to Amaya Gaming for $4.9 billion. Early life Mark Scheinberg was born in Israel in 1973, moving to Toronto, Ontario, Canada at the age of 13 with his family. They settled in the town of Richmond Hill in the 1980s. Career In 2001 Scheinberg founded PokerStars with his father Isai Scheinberg, a computer programmer. During his tenure as CEO, PokerStars became the world’s largest online poker business and host to the world’s largest online tournament series, acquiring the Full Tilt Poker brand in 2012. In August 2014, Oldford Group Ltd, the PokerStars parent company, was acquired by the Canadian publicly listed company Amaya Gaming Group for $4.9 billion. Upon completion of the sale, Scheinberg exited the Po ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Stars Group
The Stars Group Inc. (formerly known as Amaya Inc., Amaya Gaming Group Inc. and Rational Group) was a Canadian gaming and online gambling company headquartered in Toronto, Ontario, Canada. Its shares were traded on Nasdaq and the Toronto Stock Exchange. It primarily operated poker, casino, and sports betting products under the PokerStars, Full Tilt Poker, BetStars, and Fox Bet brands. Stars Interactive, the online gaming division of The Stars Group, was headquartered in Onchan, Isle of Man where PokerStars had an office since 2005, almost five years after its inception. It held licences or related approvals to operate from 17 jurisdictions and offers its products and services in Europe, North America and elsewhere. In the jurisdictions where it operates, it either maintained a local licence or approval, or used multi-jurisdictional licences issued by the Isle of Man or Malta. On May 5, 2020, the company was sold to Irish gaming conglomerate Flutter Entertainment. History In Ju ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Full Tilt Poker
Full Tilt Poker is an Irish online poker card room and online casino that opened in June 2004. Formerly privately owned by Tiltware, LLC and later by the Rational Entertainment Group, the site was acquired by The Stars Group (then known as Amaya Gaming Group) in a deal where Amaya acquired all of Rational's assets, including PokerStars. A statement by Amaya said the takeover would not affect the activities of Full Tilt Poker. The deal was closed on August 1, 2014. Just prior to the close of the purchase, Full Tilt Poker redirected and rebranded its domains from FullTiltPoker.com and FullTiltPoker.eu to FullTilt.com and FullTilt.eu. A company spokesperson stated the change reflected the fact Full Tilt had "expanded to offer a range of single and multi-player variations of casino games". Full Tilt has gaming licenses in Malta and the Isle of Man. Games offered Full Tilt offers both play and real money cash games and tournaments. Freeroll, satellite, sit-n-go, and multi-table ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chris Moneymaker
Christopher Bryan Moneymaker (born November 21, 1975) is an American poker player who won the Main Event at the 2003 World Series of Poker (WSOP). His 2003 win is said to have revolutionized poker because he was the first person to become a world champion after qualifying at an online poker site. This has been referred to in the press as the " Moneymaker effect". Early life Moneymaker's ancestors made silver and gold coins and chose the name "Moneymaker" as a modification of their German last name: "Nurmacher." Moneymaker was born in Atlanta, Georgia. He attended Farragut High School in Knoxville, Tennessee, and later earned a master's degree in accounting from the University of Tennessee. After receiving his master's degree, Moneymaker worked as a comptroller. He was also a part-time employee at a local restaurant, in Spring Hill, Tennessee. Poker career World Series of Poker Moneymaker was working as an accountant when he won a seat in the Main Event of the 2003 World ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Isai Scheinberg
Isai Scheinberg ( he, ישי שיינברג; born 1946 or 1947) is the Lithuanian Jewish founder of the PokerStars online poker site. Scheinberg previously had been a senior programmer for IBM Canada. Biography In about 1986, Scheinberg left Israel, and moved to Toronto. They settled there in Richmond Hill, where in 2011 he still owned the house he had bought in 1988. In 2011, Scheinberg was indicted on five criminal charges related to Pokerstars under United States federal laws. In September 2020, he was sentenced to pay a fine of $30,000 with no jail time. Scheinberg sold his stake in Pokerstars to Amaya Gaming The Stars Group Inc. (formerly known as Amaya Inc., Amaya Gaming Group Inc. and Rational Group) was a Canadian gaming and online gambling company headquartered in Toronto, Ontario, Canada. Its shares were traded on Nasdaq and the Toronto Stock Ex ... in 2014 for $4.9 billion. Well known for his sense of personal privacy, he gave his first ever media interview ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moneymaker Effect
The Moneymaker effect is the name of the sudden growth in interest in poker after the 2003 World Series of Poker Main Event. History The term was created after Chris Moneymaker, a 27-year-old accountant and amateur poker player from Tennessee, United States, outlasted 838 other players to win the 2003 World Series of Poker (WSOP) Main Event, thereby winning the US$2.5 million prize and the title of World Champion. He became the new poster boy for poker, inspiring potential players to believe that "staying at home in front of a computer screen could be more profitable than going to work." His improbable win also started a new era in poker in which "a nobody could topple the feared pros." According to an article in the ''Las Vegas Sun'', Moneymaker's victory has been credited with launching the "poker craz ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Flutter Entertainment
Flutter Entertainment plc (formerly Paddy Power Betfair plc) is an Irish gambling holding company created by the merger of Paddy Power and Betfair, and the later acquisition of The Stars Group. It is listed on the London Stock Exchange, and is a constituent of the FTSE 100 Index. It operates under various brands including Adjarabet, BetEasy, Betfair, FanDuel, Fox Bet, Full Tilt Poker, Paddy Power, PokerStars, Sky Bet, Sportsbet.com.au, Timeform and TVG Network. History Paddy Power and British rival Betfair agreed terms for a merger on 8 September 2015. The business is owned 52% by the former Paddy Power shareholders and 48% by the former Betfair shareholders. The merger was completed on 2 February 2016. On 5 April 2016, it was announced that 650 jobs in the United Kingdom and the Republic of Ireland would be lost at the company. On 18 October 2016, the company paid out $1.1M to those who bet on Hillary Clinton in the presidential election in the United States, citing a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rake (poker)
Rake is the scaled commission fee taken by a cardroom operating a poker game. It is generally 2.5% to 10% of the pot in each poker hand, up to a predetermined maximum amount. There are also other non-percentage ways for a casino to take the rake. Poker is a player-versus-player game, and the house does not wager against its players (unlike blackjack or roulette), so this fee is the principal mechanism to generate revenue. It is primarily levied by an establishment that supplies the necessary services for the game to take place. In online poker it covers the various costs of operation such as support, software, and personnel. In traditional brick and mortar casinos it is also used to cover the costs involved with providing a dealer (though in many places tips provide the bulk of a dealer's income) for the game, support staff (from servers to supervisors), use of gaming equipment, and the physical building in which the game takes place. The rake in live games is generally higher ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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