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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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