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PokerStars
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PokerStars is the largest online poker cardroom in the world.
PokerStars' satellite tournaments produced the 2003 World Series of Poker champion, Chris Moneymaker, as well as the 2004 champion, Greg "Fossilman" Raymer. Those two now act as spokespeople for the cardroom, as does 2005 World Series of Poker champion Joe Hachem, also a regular player on the site.
PokerStars is the headline sponsor and part owner of of the European Poker Tour (EPT), Asia Pacific Poker Tour (APPT), and Latin American Poker Tour (LAPT).
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Encyclopedia
PokerStars is the largest online poker cardroom in the world.
PokerStars' satellite tournaments produced the 2003 World Series of Poker champion, Chris Moneymaker, as well as the 2004 champion, Greg "Fossilman" Raymer. Those two now act as spokespeople for the cardroom, as does 2005 World Series of Poker champion Joe Hachem, also a regular player on the site.
PokerStars is the headline sponsor and part owner of of the European Poker Tour (EPT), Asia Pacific Poker Tour (APPT), and Latin American Poker Tour (LAPT). PokerStars sponsored an event on the World Poker Tour called the PokerStars Caribbean Adventure (PCA). The World Poker Tour no longer stages this event, so it is now a stop on the European Poker Tour. In 2005, eGaming Review named PokerStars.com the "Best Poker Operator of the Year".
History
Launched in September 2001, PokerStars was originally a Costa Rican company, Rational Enterprises, majority owned by the Scheinberg family of Israel. The company was subsequently moved to the Isle of Man, a British Crown dependency. 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 America. PokerStars holds its license with the Isle of Man Gambling Supervision Commission, and is also licensed in Italy by the Amministrazione Autonoma dei Monopoli di Stato (AAMS).
Since relocating, PokerStars has been the subject of financial media speculation regarding a possible initial public offering or merger with a publicly listed company. Analysts estimate its market value would be approximately $2 billion (US), which would make the company one of the world's largest privately held gambling companies.
PokerStars overtook PartyPoker as the world's largest online poker room at around the time the U.S. Congress passed the Unlawful Internet Gambling Enforcement Act. Many sites, including PartyPoker, immediately suspended business with U.S. gamblers, while others, including PokerStars, did not.
Since then Pokerstars has grown and has upwards of 220,000 players at their tables during the busiest hours, and continues to grow at a steady pace. On February 16, 2009, PokerStars dealt their 25 billionth hand.
Games Offered
PokerStars offers ten varieties of poker games: Texas hold 'em, Omaha, Omaha Hi/Lo (8 or Better), Stud, Stud Hi/Lo (8 or Better), Razz, Five-card_draw, Deuce to Seven Triple Draw, Deuce to Seven Single Draw and Badugi. HORSE, HOSE, Mixed Hold'em, Mixed Omaha Hi/Lo and 8-Game, "mixed games" that rotate through several of the above, are also offered. Players can participate in real money games ranging from $.01/$.02 (micro limits) up to $1000/$2000.
The home of the World Championship of Online Poker, the largest online poker tournament series in the world, PokerStars has over 20,000 players playing real money ring games daily, plus thousands more playing real money tournaments or free-play games. During peak operating times, this often adds up to over 200,000 players online simultaneously.
PokerStars.com's play money players mix with those logging in from PokerStars.net, a free play-only site without real money games. In October 2008, PokerStars launched PokerStars.it, exclusively for Italian players, which will offer real money tournaments in the Euro currency in addition to the usual play money games.
The site's flagship weekly event is the Sunday Million, a weekly tournament with a guaranteed 1.5 million dollar prize pool with a buy-in of $215. On July 8, 2007, PokerStars debuted a new weekly event, the $11 buy-in Sunday Two Hundred Grand, which regularly attracts around 25,000 to 30,000 players, making it the largest participated-in real-money poker tournament ever. This total surpassed the previous record of 10,894 players who participated in the May 20, 2007 Sunday Million tournament. On March 2, 2008 the Sunday Hundred Grand was won by World Series of Poker Europe champion Annette Obrestad, who won $20,000 for first place.
Team PokerStars
PokerStars sponsors several professional players including Chris Moneymaker, Greg Raymer, Joe Hachem, Bertrand Grospellier, Isabelle Mercier, John Duthie, Lee Nelson, Luca Pagano, Steve Paul-Ambrose, Vanessa Rousso, Victor Ramdin, Noah Boeken, Andre Akkari, Hevad Khan, Dario Minieri, Raymond Rahme, Tuan Lam, Chad Brown, Victoria Coren, William Thorson, Marcin Horecki, Ylon Schwartz, Dennis Phillips as well as WSOP bracelet winners Barry Greenstein, Humberto Brenes, Bill Chen, 1983 WSOP champion Tom McEvoy, Daniel Negreanu, Gavin Griffin, Alex Kravchenko, Alexandre Gomes and Katja Thater.
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