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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] It is the largest real money

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

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

macOS, Android and iOS.

A PokerStars online satellite tournament produced the 2003

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

become a world champion by qualifying at an online poker site,[6] 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."[7]

PokerStars was part of The Stars Group until it

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

May 5, 2024.[8]

History [ edit ]

PokerStars launched its beta play-money-only site on

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

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

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

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

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

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

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

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

Lotteries and Gaming Commission.[12]

While privately owned, PokerStars had been the

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

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

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

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

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

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

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

did not.[13]

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

tournament. The tournament entry fee wasR$1, and the 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 with a first prize ofR$50,000.[15] PokerStars was so busy during

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

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

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

prize pool, with no rake.

In January 2012, PokerStars introduced a downloadable mobile

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

Android.[16]

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

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

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

In June 2014, The

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

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

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

march�s financiers (AMF) over a four-year period concerning Amaya Inc.[22][23]

As of

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

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

In February

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

the integration of its Quickfire platform.[25]

In July 2024, PokerStars agreed to a

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

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

base.[26]

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

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

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

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

eventual winner.[27][28]

In March 2024, The Stars Group reached an agreement with

gaming company Sugal & Damani to support the launch 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 platform was developed in collaboration

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

2024.[33][34]

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

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

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

In 2024, Pokerstars entered

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

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

suits of Max Verstappen and Sergio P�rez.[38]

In January 2024, PokerStars announced an

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

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

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

advancements.[39]

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

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

customers.[40]

In December 2024, Pokerstars announced that Michigan and New Jersey

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

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

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

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

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

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

future."[41]

Games [ edit ]

PokerStars offers multiple poker variations: Texas hold

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

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

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

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 Poker

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

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

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

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

[45]

Online tournaments [ edit ]

The site's weekly Sunday Million tournament has a

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

weekly online poker tournament. On March 7, 2011, The 5th Anniversary 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 running since

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

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

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

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

Spring

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

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

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

stake).

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

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

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

second installment of MicroMillions.[49]

In 2014, PokerStars was hosting 500,000 online

tournaments each day.[50]

Live poker tours [ edit ]

PokerStars sponsors various live

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

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

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

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

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

(BSOP).

PokerStars VR [ edit ]

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

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

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

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

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

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

Pokerstars is a company website offering

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

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

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

real money games.

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

commercials and event highlight shows � with commentary and expert analysis available

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

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

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

Team

PokerStars [ edit ]

PokerStars sponsors a team of professional poker players known as

Team PokerStars. As of 2024 , the team consists of Andr� Akkari, Arlie Shaban, Ben

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

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

Rafael Moraes, Ram�n Colillas, Sam Grafton and Sebastian Huber.[52]

Celebrity players [

edit ]

Former Brazil striker Ronaldo pictured with PokerStars in 2014

PokerStars also

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

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

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

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

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

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

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

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

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

and race team owner Gualter Salles and French rugby union international S�bastien

Chabal.

Regulated markets [ edit ]

PokerStars and PokerStars.eu operate worldwide under

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

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

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

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

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

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

British pounds and Canadian dollars as 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 to allow real-money online poker in Israel. The decision is thought to have been

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

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

In July

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

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

In July 2024, PokerStars

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

Servi�os de Regula��o e Inspe��o de Jogos (SRIJ) issued its first online poker license

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

returned to Portugal.[62]

In November 2024, PokerStars was cleared to launch in

Pennsylvania for real money in 2024.[63]

On January 29, 2024, Pokerstars launched in

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

In December

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

under the Multi-State Internet Gaming Agreement.

Domain name seizure [ edit ]

On April

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

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

Ultimatebet and UB.

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

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

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

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

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

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

On July 10, 2012, PokerStars,

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

motions to dismiss the charges against them.[67]

On July 31, 2012, the US government

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

after reaching a settlement with PokerStars which includes PokerStars acquiring Full

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

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

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

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

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

On August

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

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

November 6, 2012.[69]