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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 Autorité des

marchés 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 Pérez.[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 André 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, Ramón 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 Sébastien

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,

Serviços de Regulação e Inspeção 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]

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