In stunning news this morning, The Stars Group, owner of PokerStars, announced that it has agreed to be acquired by Flutter Entertainment plc. Flutter Entertainment is the parent company of PaddyPower, Betfair, FanDuel, Adjarabet, sportsbet, and TVG. A new behemoth is formed It is an all-share deal, with shareholders of The Stars Group receiving .2253… Read more »
Earlier this week, gaming regulators from the Netherlands handed down one of the largest fines in gaming history against one of the biggest operations in the game. The Stars Group, the owners of the monolithic PokerStars juggernaut, were hammered with a massive €400,000 fine for “operating without a license” in the country. The Dutch government… Read more »
Isle of Man Today, the online presence of a trio of newspapers on the island between the Great Britain and Ireland, is reporting that PokerStars has informed its staff that layoffs are coming. PokerStars has two offices on the Isle of Man, including its headquarters, where it employs about 450 people. At least they got… Read more »
A major investment bank has taken the surprising step of downgrading the “price targets” – or the future price of a stock – for several of the top performing online gaming and poker sites. The reason? The improvements in technology have become so good that it allows for artificial intelligence – or “bots” – to… Read more »
Yesterday The Stars Group, the ownership behind the monolithic PokerStars in the online poker world, announced some of the changes in their 2020 PokerStars Players’ Championship (PSPC) that will come up next August in Barcelona. Buried in the depths of that interview, PokerStars has announced that, after a 15-year run, that the PokerStars Caribbean Adventure… Read more »
PokerStars’ parent company, The Stars Group, has been a major driver in the poker world for more than a decade now. But they’re not happy with staying in that industry, instead looking to branch out into other areas of the gaming world. This has been shown by the opening of their latest product, FOX Bet,… Read more »
The move by The Stars Group, the owners of the #1 online poker site in the industry (PokerStars), to limit the number of cash game tables that players can play simultaneously has brought an avalanche of reactions. The reactions have been about 50/50, surprisingly, with some admitting that the new move will improve their game… Read more »
The Stars Group, parent company of PokerStars, reported its second quarter results this week. In what the poker world is wondering if it is a sign to come, the percentage of poker as a portion of revenue compared to the rest of the company sharply decreased. Sports betting took over as the top vertical in… Read more »
Penn National Gaming announced a blockbuster sports betting deal with a number of operators on Wednesday, setting it up to be a major player in the online sportsbook field. It also gives the operators – DraftKings, PointsBet, theScore, and The Stars Group – much needed entry into several states. A press release issued by Penn… Read more »
After having charges for financial malfeasance dismissed against him, former Amaya Gaming Chief Executive Officer David Baazov is now striking back. His first target? The very organization that brought the original charges against him in Canada that forced him out of the largest gaming company in the world. Baazov Targets AMF In a Quebec court… Read more »
In a stunning reversal, a Kentucky appeals court has overturned what was the largest ever judgment against a company in the state’s history. In that ruling, the three-judge panel voted to release PokerStars, now the Stars Group, from the $870 million judgement awarded by a trial court judge back in 2015. Largest Ever Decision in… Read more »
Life just got a bit more difficult for online poker operators in the state of Pennsylvania. After a meeting of the Pennsylvania Gaming Control Board on Wednesday, the online poker behemoth PokerStars was cleared for authorization in the Keystone State. Not only will PokerStars be able to offer their popular online poker software, they will… Read more »
The Stars Group and Eldorado Resorts, Inc. have agreed to a 20-year deal in which The Stars Group – parent company of PokerStars and Full Tilt – will be able to operate sports betting sites in the United States under Eldorado’s gaming license. The agreement applies to thirteen states in which Eldorado operates: Colorado, Florida,… Read more »
While they haven’t had the impact that they thought they might in the state of New Jersey with their poker product, The Stars Group isn’t shying away from their involvement in the state. On Friday, The Stars Group and their casino partner Resorts Casino Hotel announced that BetStars (the online sports betting operations for the… Read more »
Looking to get their online gaming industry up and running before the end of 2018, the Pennsylvania Gaming Control Board has officially granted approval to three casinos for online gaming operations. Who Will Be First to Open? In July, nine casinos in the 13-casino operation in the state of Pennsylvania applied for licenses for online… Read more »
There are few markets that the poker monolith PokerStars hasn’t entered. The name is synonymous with the #1 online poker site in many countries that have set up “ring fenced” operations, including Italy, Portugal and many countries in the European Union and continues to be the “top dog” internationally. Now PokerStars is ready to enter… Read more »
For those of us old enough to remember the original Dallas television show, we remember one season in particular. That season revolved around Pamela Ewing (played by actress Victoria Principal) after the death of her beloved husband Bobby Ewing (Patrick Duffy). In real life, Duffy had refused to sign a new contract with the show… Read more »
While many may be prepping for the upcoming holiday season, the folks at the PokerStars Championships are getting things prepared for 2018. That’s because pretty much as soon as the hangovers wear off after New Year’s Eve, the 2018 PokerStars Caribbean Adventure will begin. Now we know the schedule for what has become one of… Read more »
While it may not be getting rave reviews from its customers, The Stars Group does appear to be keeping one segment of the populace happy – its stockholders. Now a top online market bigwig is talking up the stock on both exchanges it is traded on as a “favorable” holding for the future. Joey Frenette… Read more »
