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Online poker cardroom

Screenshot of the Pokerstars GUI (the "classic" theme) at a real

money table

PokerStars is an online poker cardroom.[1] 7️⃣ It is the largest real money

online poker site in the world,[2][3] controlling over two-thirds of the total online

poker 7️⃣ market,[4] and can be accessed through downloadable poker clients for Windows,

macOS, Android and iOS.

A PokerStars online satellite tournament produced 7️⃣ the 2003

World Series of Poker (WSOP)[5] champion, Chris Moneymaker. As the first person to

become a world champion by 7️⃣ qualifying at an online poker site,[6] Moneymaker's 2003 win

was an important factor in catalyzing the poker boom of the 7️⃣ mid-2000s. The press has

called this the "Moneymaker effect."[7]

PokerStars was part of The Stars Group until it

was sold to 7️⃣ Flutter Entertainment, owner of the Irish gambling company Paddy Power, on

May 5, 2024.[8]

History [ edit ]

PokerStars launched its beta 7️⃣ play-money-only site on

September 11, 2001.[9] The company began offering real money wagering on December 12,

2001. PokerStars was originally 7️⃣ a Costa Rican company, Rational Enterprises, part of

Canadian company The Stars Group which was majority owned by the Canadian 7️⃣ Scheinberg

family.[10][11] The company was subsequently moved to Onchan, Isle of Man. The move was

driven by the establishment of 7️⃣ a 0% corporate tax rate and the removal of rules barring

companies from accepting casino and poker bets from the 7️⃣ United States.[10] PokerStars

holds numerous licences in other jurisdictions (see Regulated Markets below). In

February 2012, PokerStars acquired a European 7️⃣ Union license granted by the Malta

Lotteries and Gaming Commission.[12]

While privately owned, PokerStars had been the

subject of financial media 7️⃣ speculation regarding a possible initial public offering or

merger with a publicly listed company. Analysts estimated its market value would 7️⃣ have

been approximately US$2 billion in 2006, which would have made the company one of the

world's largest privately held 7️⃣ gambling companies.[11] PokerStars overtook PartyPoker

as the world's largest online poker room after the U.S. Congress passed the Unlawful

Internet 7️⃣ Gambling Enforcement Act of 2006. Many sites, including PartyPoker,

immediately suspended business with U.S. gamblers, while others, including PokerStars,

did 7️⃣ not.[13]

In December 2009, PokerStars set the world record for the biggest online

tournament. The tournament entry fee wasR$1, and the 7️⃣ number of entrants reached

149,196.[14] They broke that record in December 2011, when 200,000 players played in

aR$1 buy-in tournament 7️⃣ with a first prize ofR$50,000.[15] PokerStars was so busy during

the early stages of the tournament, all tournaments had to 7️⃣ be stopped for 20 minutes

because the heavy traffic crashed their servers. This record had been broken again in

June 7️⃣ 2013, with 225,000 participants. The buy-in wasR$1 and went completely into the

prize pool, with no rake.

In January 2012, PokerStars 7️⃣ introduced a downloadable mobile

client for iOS from iTunes. In February 2012, the company also introduced a client for

Android.[16]

In 7️⃣ July 2012, PokerStars bought its former competitor, Full Tilt

Poker.[17] TheR$731 million deal settled a civil lawsuit with the Department 7️⃣ of Justice

while giving ownership of Full Tilt Poker's assets to PokerStars.[18]

In June 2014, The

Stars Group, then known as 7️⃣ Amaya Inc, agreed to buy PokerStars and its parent company

forR$4.9 billion in cash.[19][20] The deal was completed on August 7️⃣ 1, 2014.[21] Later

the deal led to a major insider trading investigation conducted by the Autorité des

marchés financiers (AMF) 7️⃣ over a four-year period concerning Amaya Inc.[22][23]

As of

April 2024, they have reached an agreement with Netent to add desktop 7️⃣ and mobile

gambling games to its poker lobby in New Jersey and other locations.[24]

In February

2024, Microgaming announced a partnership 7️⃣ with PokerStars, owned by parent company for

the integration of its Quickfire platform.[25]

In July 2024, PokerStars agreed to a

deal 7️⃣ with bankruptcy administrators to acquire some of rival PKR's assets without

reviving the brand, while refunding the full account balances 7️⃣ of the entire PKR player

base.[26]

In December 2024, PokerStars unveiled a brand new player tournament called

the PokerStars Players No 7️⃣ Limit Hold'em Championship, which is to be held in January

2024. The tournament is expected to become one of the 7️⃣ biggest events in the annual

poker calendar with a twenty-five thousand dollar buy in and aR$1 million bonus for the

7️⃣ eventual winner.[27][28]

In March 2024, The Stars Group reached an agreement with

gaming company Sugal & Damani to support the launch 7️⃣ of its PokerStars brand in

India.[29][30]

In September 2024, PokerStars launched PokerStars VR, a fully immersive

virtual reality poker experience.[31][32] The 7️⃣ platform was developed in collaboration

with virtual reality software developer Lucky VR and was unveiled at EGX

2024.[33][34]

In October 2024, 7️⃣ The Stars Group, owner of PokerStars, agreed to be

acquired by Flutter Entertainment, in aR$6 billion all-share merger.[35][36] On May 7️⃣ 5,

2024, PokerStars became part of Flutter Entertainment.[37]

In 2024, Pokerstars entered

into a partnership with Red Bull Racing, sponsoring their 7️⃣ Formula 1 team, with the

brand to appear on Red Bull's new cars for the next few seasons, as well 7️⃣ as on the

suits of Max Verstappen and Sergio Pérez.[38]

In January 2024, PokerStars announced an

extended multi-year partnership deal with 7️⃣ Red bull racing. The deal included

PokerStars’ branding on the RB18 and race suits. The company stated they aim to 7️⃣ provide

fans “new and unique ways” to watch the sport in addition to increase technological

advancements.[39]

In April 2024, Pokerstars launched 7️⃣ their peer-to-peer betting

exchange which allowed customers to enter their own odds and bet against other

customers.[40]

In December 2024, Pokerstars 7️⃣ announced that Michigan and New Jersey

players would be unable to access their servers on December 12 and December 13 7️⃣ for a

“major upgrade of the site” . This upgrade is to allow Michigan and New Jersey poker

players to 7️⃣ play together, as both states are participants in the Multi-State Internet

Gaming Agreement (MSIGA). Pokerstars stated, “The upgrade is a 7️⃣ necessary milestone to

bring more games, bigger prize pools and guarantees in poker tournaments so New Jersey

and Michigan poker 7️⃣ players can compete against one another in the near

future."[41]

Games [ edit ]

PokerStars offers multiple poker variations: Texas hold

'em, 7️⃣ Omaha, Omaha Hi/Lo (8 or Better), Courchevel, Stud, Stud Hi/Lo (8 or Better),

Razz, Five-card draw, 2-7 Triple Draw & 7️⃣ 2-7 Single Draw, Badugi, HORSE, HOSE, Mixed

Hold'em, Mixed Omaha Hi/Lo, Triple Stud and 8-Game Mix. PokerStars also offers "Mixed

7️⃣ Games," which rotate through several of these games.[42]

PokerStars averages over

15,000 players playing real money cash games daily.[43]

PokerStars launched Zoom 7️⃣ Poker

in March 2012, with an official launch in May 2012. Zoom Poker is a fast fold ring game

poker 7️⃣ format where opponents change after every hand. The aim of Zoom poker is to offer

players more hands of poker 7️⃣ than in a regular ring game.[44] In January 2013 PokerStars

rolled out Zoom Poker Tournaments due to popular demand for 7️⃣ the fast fold variant

[45]

Online tournaments [ edit ]

The site's weekly Sunday Million tournament has a

guaranteedR$1 million prize pool 7️⃣ and aR$215 buy-in. The Sunday Million is the biggest

weekly online poker tournament. On March 7, 2011, The 5th Anniversary 7️⃣ Sunday Million

broke records, with 59,128 players creating a total prize pool

ofR$11,825,600.[46]

World Championship of Online Poker (WCOOP) has been 7️⃣ running since

2002 and is regarded[by whom?] as the online equivalent of the World Series of Poker.

The WCOOP tournament 7️⃣ series is the largest online poker series and pays out the largest

prizes in online poker. The WCOOP 2010 Main 7️⃣ Event champion Tyson "POTTERPOKER" Marks

wonR$2.2 Million, the largest online tournament prize in history.[47]

Spring

Championship of Online Poker (SCOOP) was 7️⃣ established in 2009 and has since become the

most popular online tournament series.[48] Unlike WCOOP, there are three different

buy-in 7️⃣ stakes in the SCOOP events: Low, Medium (10x Low stake) and High (100x Low

stake).

Micro Millions was launched in March 7️⃣ 2012 as a tournament series designed for

recreational and micro-stakes players offering a low buy-in tournament schedule and

large guaranteed 7️⃣ cash prizes. PokerStars guaranteedR$5 million in prize pools for the

second installment of MicroMillions.[49]

In 2014, PokerStars was hosting 500,000 online

7️⃣ tournaments each day.[50]

Live poker tours [ edit ]

PokerStars sponsors various live

poker tours such as the European Poker Tour (EPT), 7️⃣ Asia Pacific Poker Tour (APPT),

Latin American Poker Tour (LAPT), UK and Ireland Poker Tour (UKIPT), Estrellas Poker

Tour (ESPT), 7️⃣ Eureka Poker Tour, Italian Poker Tour (IPT), Czech-Slovak Poker Tour

(CSPT), Australia & New Zealand Poker Tour (ANZPT), France Poker 7️⃣ Series (FPS), Belgian

Poker Series (BPS), Russian Poker Series (RPS) and Brazilian Series of Poker

(BSOP).

PokerStars VR [ edit ]

Pokerstars 7️⃣ VR is a free-play poker game for Oculus and

Steam VR platforms that was released in 2024. It allows players 7️⃣ to get free chips and

use them to play Texas hold 'em as well as roulette, blackjack, slots, and sports

7️⃣ betting, although the winnings cannot be transferred into real money. Players can use

store credits to buy cosmetics and props 7️⃣ for use in games. As of February 2024 it was

the 14th most popular game on Meta Quest.[51]

Pokerstars is a 7️⃣ company website offering

only free play games. The pokerstars domain is used primarily in their TV

advertisements since there are 7️⃣ no real money games available at this website. This

avoids any legal issues or censorship of using their pokerstars domain 7️⃣ which allows

real money games.

PokerStars.tv is the online source for PokerStars TV shows,

commercials and event highlight shows – with 7️⃣ commentary and expert analysis available

in up to 7 languages. The content available includes live cards-up coverage of the

biggest 7️⃣ PokerStars tournaments, TV shows such as The Million Dollar Challenge and

PokerStars Big Game and online tournament highlights from WCOOP 7️⃣ and SCOOP.

Team

PokerStars [ edit ]

PokerStars sponsors a team of professional poker players known as

Team PokerStars. As of 2024 7️⃣ , the team consists of André Akkari, Arlie Shaban, Ben

Spragg, David Kaye, Felix Schneiders, Fintan Hand, Georgina James, Jennifer 7️⃣ Shahade,

Lasse Jagd Lauritsen, Laurie Tournier, Lex Veldhuis, Nicholas Walsh, Parker Talbot,

Rafael Moraes, Ramón Colillas, Sam Grafton and Sebastian 7️⃣ Huber.[52]

Celebrity players [

edit ]

Former Brazil striker Ronaldo pictured with PokerStars in 2014

PokerStars also

has had a Celebrity team and 7️⃣ a Sports team, called respectively "Friends of PokerStars"

and "SportStars". These have included Jamaican Olympic gold medal winner and World

7️⃣ record holder Usain Bolt and American actor / comedian Kevin Hart.[53] Former

associated celebrities include World Cup winning Brazilian striker 7️⃣ Ronaldo,[54] tennis

pro Rafael Nadal,[55] former tennis champion Boris Becker, FIFA World Cup-winning

Italian goalkeeper Gianluigi Buffon, Manchester United star 7️⃣ Cristiano Ronaldo, Dutch

field hockey Olympic Gold medalist Fatima Moreira de Melo, Norwegian cross-country

skier Petter Northug, Swedish cross-country skier 7️⃣ Marcus Hellner, quantitative analyst

and author of the 'Chen Formula' for Texas Hold'em Bill Chen,[56] Brazilian auto racer

and race 7️⃣ team owner Gualter Salles and French rugby union international Sébastien

Chabal.

Regulated markets [ edit ]

PokerStars and PokerStars.eu operate worldwide under

7️⃣ a license from the Maltese government. PokerStars also operates under separate

government licenses in Denmark, France, Italy, Belgium, Spain and 7️⃣ Estonia.[57] In

October 2008, PokerStars launched PokerStars.it, exclusively for Italian players, which

offers real money tournaments in euros in addition 7️⃣ to the usual play money games.

PokerStars offers some ring games and tournaments on its main PokerStars site in euros.

7️⃣ In March 2010, the site began allowing users to keep their real-money accounts in

British pounds and Canadian dollars as 7️⃣ well as U.S. dollars and euros.

In March 2024,

PokerStars launched in New Jersey for real money.[58][59]

In June 2024, PokerStars

ceased 7️⃣ to allow real-money online poker in Israel. The decision is thought to have been

made after recent pressure from the 7️⃣ country's banking regulator on financial

institutions demanding they stop processing online gambling transactions.[60]

In July

2024, PokerStars stopped offering real money 7️⃣ games to players who are physically

located in, or have a registered address in, Slovenia.[61]

In July 2024, PokerStars

withdrew from 7️⃣ the Portuguese market. In November 2024 the Portuguese regulator,

Serviços de Regulação e Inspeção de Jogos (SRIJ) issued its first 7️⃣ online poker license

to The Stars Group's subsidiary REEL Europe Limited. As a result, legal online poker

returned to Portugal.[62]

In 7️⃣ November 2024, PokerStars was cleared to launch in

Pennsylvania for real money in 2024.[63]

On January 29, 2024, Pokerstars launched in

7️⃣ Michigan. Pokerstars was Michigan's first regulated online poker site.

In December

2024, Pokerstars announced the would be combining players from Michigan 7️⃣ and New Jersey

under the Multi-State Internet Gaming Agreement.

Domain name seizure [ edit ]

On April

15, 2011, the Department of 7️⃣ Justice seized the internet addresses of the three online

gambling sites,[64] a total of five URLs: Pokerstars, Fulltiltpoker, Absolutepoker,

7️⃣ Ultimatebet and UB.

On April 15, 2011, the U.S. Attorney's Office for the Southern

District of New York seized and shut 7️⃣ down Pokerstars and several of its competitors'

sites, alleging that the sites were violating federal bank fraud and money laundering

7️⃣ laws.[65] On April 20, 2011, the U.S. Attorney's office returned control of the

Pokerstars domain name to the company in 7️⃣ order "to facilitate the withdrawal of U.S.

players’ funds held in account with the companies."[66]

On July 10, 2012, PokerStars,

asserting 7️⃣ the Government had insufficient grounds on which to base the charges, filed

motions to dismiss the charges against them.[67]

On July 7️⃣ 31, 2012, the US government

dismissed with prejudice all civil complaints against PokerStars and Full Tilt Poker

after reaching a 7️⃣ settlement with PokerStars which includes PokerStars acquiring Full

Tilt.[17] Under the terms of the settlement, PokerStars and Full Tilt Poker 7️⃣ admitted no

wrongdoing for their past U.S. activities. The U.S. Government acknowledged both

companies can apply for licenses to operate 7️⃣ online gaming in the U.S. when a legal

framework for such licenses is offered.[68] The settlement terms also called for

7️⃣ PokerStars to acquire certain assets of Full Tilt Poker from the Government.

On August

9, 2012, PokerStars paidR$225 million to the 7️⃣ U.S. Department of Justice, consummating

the asset transfer of Full Tilt Poker. Full Tilt Poker was successfully relaunched on

November 7️⃣ 6, 2012.[69]

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