Tag: PokerStars

PokerStars has already awarded a staggering number of $30,000 Platinum Passes to the 2019 PokerStars Players No-Limit Hold’em Championship (PSPC) but there is much more to come.

The online gaming giant is enlisting the aid of its PokerStars Ambassadors to award the next batch of passes in something called the Platinum Pass Adventure.

Jason Somerville, Jaime Staples, Andre Akkari, Felix Schneider, Fintan Hand, Benj Spragg, Liv Boeree and Igor Kurganov were all charged with creating unique ways to award the next set of passes and they’ve outdone themselves with some of the most interesting contests ever seen in the poker world.

Although most Platinum Passes have been handed out to players for poker achievement the Platinum Pass Adventures went a different direction and make it possible to qualify for the 2019 PSPC without playing a single hand of poker.

Somerville launches “Next Great Twitch Streamer”

Jason “Jcarver” Somerville single-handedly changed the poker world when he carved out a unique niche on Twitch and brought poker to a new audience.

Now Somerville is asking players to follow in his footsteps and become the “Next Great Twitch Streamer”.

Contestants will have to log at least 150 hours during the four-month contest period but beyond that, they will have a fair amount of freedom.

Contestants can be amateurs or professionals and they can even play in the play-money games or real-money provided the majority of the action is on PokerStars.

Somerville will select three finalists and then the rest of the PokerStars ambassadors will help decide the ultimate winner. They will judge the contestant based on the criteria of chat interaction, average concurrents, additional hours broadcast, live cashes, presence in Twitch Poker community and the ability to fulfill the role of Twitch Poker Ambassador.

You can opt into the contest by sending your name, Twitch page, country of origin and a short paragraph about yourself to [email protected] by July 27th. The winner will be chosen on Nov. 15, 2018.

Find “Your Ultimate Sweat” with Jaime Staples

Brothers Jaime and Matthew Staples recently completed one of the most audacious prop bets in history by taking a year to get down (or up) so that they weighed roughly the same amount.

That was slightly harder than you might think considering Jaime weighed 305 pounds and Matt weighed 134 to start the challenge. By the time the smoke cleared they both weighed 188, which won them $150,000 from prop-betting extraordinaire Bill Perkins.

Now Jaime Staples is paying it forward by challenging contestants to enter their own Ultimate Sweat.

It doesn’t have to be weight-related this time around and contestants must simply set a goal and document their journey.

“I wish people could have their own Ultimate Sweat experience. Now thanks to PokerStars you can!” said Jaime Staples.

“I am giving away one Platinum Pass to the PokerStars Players Championship and you get to set your own challenge. Lose weight, learn to play Omaha poker, read a book a day, run a marathon. Anything! Submissions open July 1st. Good luck to you all on #myultimatesweat”

Igor, Boeree challenge the mind

PokerStars Ambassadors Igor Kurganov and Liv Boeree are taking a more cerebral approach to the Platinum Pass Adventure and have developed a series of puzzles and tests to challenge each players game theory and critical thinking.

The contest is officially titled “The Next Poker Brain” and the preliminary rounds of multiple choice questions will take place July 18, Aug. 8, Aug. 29 and Sept. 19.

The 10 contestants with the highest total scores will advance to the final on Oct. 3. The exact structure of the final quiz is yet to be determined but the winner will walk away with a $30,000 Platinum Pass package.

“What we’ve always loved most about poker is the strategy of the game and how it constantly challenges you to think deeply,” said Liv Boeree.

“Much of this translates to better decision making in everyday life. So when PokerStars gave us two Platinum Passes to give away to our followers, we immediately knew we wanted to do something around rationality and logic.”

Many paths to 2019 PSPC

The aforementioned promotions are the most high-profile events giving out Platinum Passes but there are plenty of other opportunities to qualify for the enormous PSPC.

Andre Akkari will be giving a pass to a lucky winner who plays the Brasil Series of Poker.

Felix Schneiders will be hosting a monthly nine-handed Sit & Go called “Bro Battle” in Cologne, Germany, where each contestant gets a seat in a special home game on Sept. 2 where the winner walks away with a Platinum Pass.

Fintan Hand and Benj Spragg may have the most abstract of all the Platinum Pass Adventure contests.

Each week the pair has been running unique challenges every day like Photoshop challenges or Lodden thinks or a Lookalike competition.

Each day Hand and Spragg pick winners that receive entry into a final tournament on July 29 that awards a $30,000 Platinum Pass. It just might be the best way for casual poker fans to get a trip to the gargantuan 2019 PokerStars Players Championship.

For those keeping track at home, just over 120 players have picked up Platinum Passes for the 2019 PSPC with plenty more to go. By the time the PSPC takes place in early 2019 there will have been a total of 320 Platinum Passes awarded to players from around the world.

The playing field for Portuguese players on PokerStars got significantly bigger this month.

PokerStars announced that Portugal would finally be joining a player pool that already includes players from Spain and France.

It’s a win for players from every country as they’ll all enjoy a wider selection of games to play. PokerStars is the first operator that has been able to unite the three countries for online poker.

PokerStars is set to host a series of tournaments with millions of Euros in guaranteed prize pools to celebrate the new union.

More games, better rewards

A bigger player pool means more games, bigger prizes, and better rewards for PokerStars players in Portugal, Spain, and France.

The infusion of thousands of Portuguese players should help solidify PokerStars Europe’s position in third on PokerScout’s worldwide traffic report behind only Asian network IDN Poker and the global PokerStars site.

“We have worked hard to become the first operator to bring the benefits of shared liquidity to Portugal. Our players will see a huge increase in the variety and scale of our tournaments and promotions and will enjoy more excitement, more competition and more fun!” said Guy Templer, COO of The Stars Group.

“This dramatically strengthens our offering and demonstrates our commitment to the Portuguese market.

“We look forward to working with the Portuguese regulator to further improve the poker product offering for Portuguese players, and additionally hope that Italy will soon progress so that their players can also enjoy the significantly better experience that shared liquidity brings.”

€5 million Trio Series for PokerStars.eu players

PokerStars is kicking off the newly-unified Portuguese/Spanish/French-facing site with a new Trio Series that will offer €5 million in guarantees spread across 78 events including a €250 Main Event with a €500,000-GTD prize pool.

The Trio Series will run from June 3-13 and buy-ins start at just €1. There will also be a number of freerolls to Trio events for new depositors in Portugal, Spain, and France.

The Trio Series comes hot on the heels of France and Spain’s very own version of the Spring Championship of Online Poker (SCOOP), which smashed its guarantee of €10 million to hit over €11.7 million awarded to players.

PokerStars Europe also hosted the French Espania Hold’em Series (FRESH), which attracted over 30,000 unique entries and paid out over €6.1 million.

The inclusion of Portuguese players on PokerStars Europe should help boost those numbers even further and create some eye-popping prize pools.

Will Italy be next to join PokerStars Europe?

With Portugal finally onboard with PokerStars Europe, there remains one big outsider: Italy.

The Italian poker market is one of the biggest in Europe but it’s taken a bit of a hit thanks to restrictive legislation in the country. The country passed a digital tax in 2017, which obliges companies to play a three percent levy on some internet transactions.

The Italian PokerStars site ranked slightly below PokerStars.pt according to PokerScout’s traffic reports.

Italy signed a pact with France, Italy, and Portugal last summer with the intention of allowing cross-border play.

Unfortunately, there has been speculation that Italy is second-guessing the commitment over fears of money laundering.

Right now it’s the Italian poker players who are suffering as they have to deal with much smaller player pools and prizes than the rest of Europe.

PokerStars augmented its poker and gambling empire this week with the acquisition of the U.K.’s Sky Betting & Gambling for $4.7 billion in cash and stock.

It’s the single biggest acquisition that PokerStars has made since Amaya took over in 2014 and pundits are calling it a pivotal moment for Stars Group CEO Rafi Ashkenazi.

The Sky Betting portfolio includes gambling, sports betting, and poker verticals with a strong integration into the U.K. market. The separate brands include Sky Bet, Sky Vegas, Sky Casino, and Sky Poker.

Sky Poker TV, in particular, played a key role in attracting new players to poker in the U.K. during the mid-2000s.

The Stars Group has allegedly been seeking a large acquisition for several years now. It previously considered a merger with William Hill in 2016.

With the Sky Betting acquisition, the Stars Group becomes the largest publicly listed gaming company based on revenue.

A “Landmark” Moment for Stars Group

The $4.7 billion Sky Betting acquisition is a truly staggering amount considering PokerStars itself was acquired for $4.9 billion in 2014.

To put things in perspective a UK venture capitalist company called CVC purchased Sky Betting for $1.14 million in 2014. That means the company will make out with a profit of approximately $3.7 billion in less than four years time.

“The acquisition of Sky Betting & Gaming is a landmark moment in The Stars Group’s history,” said Rafi Ashkenazi in a statement.

“SBG operates one of the world’s fastest growing sportsbooks and is one of the United Kingdom’s leading gaming providers. SBG’s premier sports betting product is the ideal complement to our industry-leading poker platform.

“The ability to offer two low-cost acquisition channels of this magnitude provides The Stars Group with great growth potential and will significantly increase our ability to create winning moments for our customers.”

Stars Group Targets Growth in Sports Betting, Casino

For the last few years, the Stars Group successfully grew its sports betting and casino businesses. The company wanted to avoid being completely reliant on the main tenant of its business: online poker.

The Sky Betting acquisition seems to be another step in the Stars Group’s attempt to become a worldwide gaming brand rather than simply the world’s biggest online poker operator.

With the deal, the Stars Group get better access to regulated markets like the U.K. It also gets more exposure for sports betting.

Sky Betting is currently home to the largest U.K. player base. It is also a leader in the mobile space. Over 80 percent of its revenues coming from mobile.

The Stars Group already reduced its reliance on online poker to 67 percent based on recently released earnings for 2017. Poker represented 73 percent of the Stars Group’s earnings in 2016. The Sky Betting acquisition will likely drive that number down even further.

Furthermore, Sky Betting’s strong sports betting segment could conceivably represent customer acquisition for PokerStars. After all, crossover players might take a shot at playing cards.

PokerStars, Sky Poker Merge in the Cards?

The emphasis on the deal is on sports betting and casino. However, Sky Betting does have a poker component too. It’s unclear what will happen to the site long term.

For the time being, Ashkenazi mentioned that Sky Betting and PokerStars will remain separate entities. In a year or two, there seems to be a fair chance that the Stars Group will want to share liquidity between the brands, similar to the approach that was used with Full Tilt Poker.

If Sky Poker rolled into PokerStars, that would mean the largest pool of online poker players would get even bigger.

Regardless of how the Sky Betting acquisition plays out, there’s no doubt it comes at a huge cost to the Stars Group. Only time will tell if Ashkenazi’s big bet pays off in the long term.

A legal fumble is threatening to derail the entire case against former Amaya CEO David Baazov and two other men for insider trading relating to Amaya’s purchase of PokerStars back in 2014.

Baazov’s lawyers are alleging that Quebec’s securities regulator — the Autorité des marchés financiers (AMF) — accidentally shared private information with the defense. Specifically, the AMF is accused of sharing more than 300,000 privileged documents.

The problem is that six weeks into the trial, AMF wants the documents back. Baazov’s defense is calling it an “abusive procedure” and looking to get charges in the case stayed. It’s the third time lawyers have attempted to get the charges tossed.

Baazov faces five charges in total including influencing or attempting to influence the market price of Amaya’s securities.

Defense claims “violation of rights”

Earlier this month lawyers for AMF asked the judge to remove the aforementioned documents from disclosures.

Baazov’s representation quickly responded by filing a motion for a stay of charges for all defendants citing “repeated errors.”

The lawyers claimed that denying access to evidence in the middle of an ongoing trial represented a “violation of their rights”.

The trial is currently in week seven and scheduled to get at least 11 more weeks before the parties complete their proof.

Lawyers from Baazov also represent Benjamin Ahdoot and Yoel Altman. The legal team has already attempted to get the charges dropped two times before.

The first time lawyers moved to have the charges tossed due to an unreasonable delay in getting them to court. The second time lawyers argued the prosecution was late in disclosing evidence.

The judge, Salvatore Mascia, rejected both motions.

Stars Group stock hits record high

When Amaya purchased PokerStars for $4.9 billion in 2014 it instantly became the biggest online poker business in the world. Forbes hailed Baazov as the new “King of Online Gambling”.

The honeymoon didn’t last long. Baazov took an indefinite leave of absence in the spring of 2016 after the AMF filed five charges against him. Specifically, Baazov was accused of sharing private information with investors prior to Amaya’s purchase of PokerStars. The investors then used the information to buy up company stock months before the stock price peaked.

Since then, Rafi Ashkenazi has taken the reins of the company as CEO. He both moved the organization to Toronto and rebranded Amaya as The Stars Group.

Baazov’s ongoing case hasn’t seemed to have much of an effect on the Stars Group. The company just posted another solid annual earnings report thanks in large parts to its efforts to diversify with rapidly expanding casino and sports betting operations.

The Stars Group stock price hit a record-high of $47.30 CAD earlier this month. The company’s stock has been on the rise ever since it announced a potentially game-changing deal to purchase Sky Betting & Gaming for $4.7 billion in April. Stars stock has remained fairly steady over the last seven days hovering around the $46 mark.

It’s easy to forget that Baazov also attempted to take PokerStars private in 2016 but was ultimately unsuccessful. As of 2017, Baazov still owned a four-percent stake in the company, however.

High-profile Baazov case continues

The case against David Baazov continues to make headlines in Canada. Some are calling it the biggest alleged case of insider trading in the country’s history.

Regardless of what happens with the new motion, the AMF has taken some heat over its handling of the high-profile case. Baazov’s lawyers have already filed to get the charges dropped due to delays in the proceedings.

In addition, a rabbi named Momi Pinto sued the AMF for infringing on his family’s rights in a raid that took place in their home. The raid was in relation to the Amaya case.

The judge in the Baazov case, Salvatore Mascia, will consider the new request to stay the charges this Thursday.