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POKER OF CANADA

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Poker of Canada

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200

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POKER NEWS

 

poker news POKER STARS SOLD FOR 4.9 BILLION

On June 12 it was announced that Amaya Gaming Group, Inc. entered into an agreement with Oldford Group Limited (the parent company of Rational Group Ltd.) to acquire all of Oldford Group in an all-cash transaction worth $4.9 billion.  Rational Group owns PokerStars and Full Tilt Poker.  The transaction will make Amaya the world’s largest publicly traded online gaming company by adding 85 million of PokerStars and Full Tilt Poker registered players to its database.

“This is encouraging news for millions of American players who have anxiously awaited the return of PokerStars to the U.S.,” said John Pappas, executive director of the Poker Players Alliance (PPA), a leading poker grassroots advocacy group.  ”Amaya’s acquisition should remove any perceived impediment for this popular brand to once again be available to players in regulated U.S. jurisdictions.  This is a positive development for poker enthusiasts and the potential return of the PokerStars brand will grow our game.”

Rational Group’s poker business has been based in the Isle of Man.  Amaya’s business-to-business interactive and physical casino and lottery gaming solutions are based in Montreal, Canada.  Jeff Hwang of The Motley Fool says it is easy to assume this transaction between two companies based outside of the U.S. could have big implications for Americans; however, explains that PokerStars would not be entering the U.S. as an operator, but instead as a software supplier, and may be limited to the State of New Jersey at least for the immediate future.

 

POKER PLAYER LEAVES POKER STARS TEAM

Victoria Coren-Mitchell, the only player in history to win two European Poker Tour titles, announced on her blog that she will be leaving Team PokerStars Pro as a result of PokerStars.com introducing online casino games last week. Coren-Mitchell revealed that she terminated her endorsement contract the following morning.

Coren-Mitchell, who had been with PokerStars since 2007, revealed that her decision was influenced by her own personal principles.

“I can’t hang around, sleep on it, have meetings and talk myself into staying, when my gut tells me that the right thing is to walk away,” Coren-Mitchell wrote. “This is no criticism of PokerStars itself: business is business, they are providing a new service that people want, and I know they intend to abide by some key principles of responsible gaming. It’s not anti-casino either; I spend a lot of time in casinos, and I have been known to indulge in live table gaming.”

She went on to say: “I cannot professionally and publicly endorse it, even passively by silence with my name still over the shop. Poker is the game I love, poker is what I signed up to promote. The question I’m probably asked most often in interviews is about the danger of addiction, going skint and so on. I’m always careful to explain the difference between the essentially fair nature of poker, where we all take each other on with the same basic chance, and those casino games at unfavorable odds which can be (especially online) so dangerous for the vulnerable or desperate.”

Coren, the daughter of the late Alan Coren, is a noted journalist in the UK where she has written popular columns for The Observer and The Guardian. For many years she was a regular cash game player at the “Vic,” and then in Season 3 of the EPT she took down the London Main Event – which was the tour’s 16th stop. Earlier this year, Coren-Mitchell made history when she won the tour’s 98th stop – the EPT Sanremo – to become the first player to ever win two EPT Main Event titles.

Coren-Mitchell disclosed that PokerStars did not require her to promote the casino games, but that she had no interest in being a bystander.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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