who owns pokerstars? - Poker News - News, Views and Gossip

Two Plus Two Forums Poker News & Discussion News, Views, and Gossip

who owns pokerstars?

Post Reply Subscribe

...

07-17-2008 , 09:06 PM

hendrik85

newbie

Join Date: Jan 2008 Posts: 38

maybe that question has already been answered somewhere. if so feel free to delete the thread

Quote

07-17-2008 , 09:12 PM

Kevmath

Carpal \'Tunnel

Join Date: Oct 2002 Posts: 28,242

From a 2006 article:

Quote:

Isai Scheinberg founded Poker Stars and he and his family are believed to hold around 75 percent of the company, with his employees owning most of the other 25 percent.

Is it still the same today, who knows?

Quote

07-17-2008 , 09:23 PM

hendrik85

newbie

Join Date: Jan 2008 Posts: 38

read that too. and since there´s a poker player profile on (propably) him on
someone in here might even now him

http://www.pokerpages.com/players/pr...scheinberg.htm

Quote

07-17-2008 , 09:27 PM

allurit

banned

Join Date: Jan 2007 Posts: 2,779

that is one rich dude, keeps a very low profile too. he even played in the ept main event in monaco and final tabled one of the smaller events, and i bet nobody he played with had any idea who he was.

Quote

07-17-2008 , 09:33 PM

salesbeast

Pooh-Bah

Join Date: Aug 2007 Posts: 5,308

and the company now has a turnover of $150-200 million a year, with a high net profit margin, amounting to almost half its revenue.

That was in 2006 I can only imagine today....wow @ half net profit.

Quote

07-17-2008 , 09:37 PM

AKingdom

Pooh-Bah

Join Date: May 2007 Posts: 3,520

Found this while researching a post I just made:

http://www.onlinepoker-news.com/2006...th_of_egc.aspx

6 January 2006

The majority owners of PokerStars.com have announced plans to part with their stake in the world's second-largest online poker site. Poker Stars, which was founded, and is 75% owned, by the Israeli Scheinberg family, has enlisted NM Rothschild, a large reputable merchant bank in London, to either sell or float the company in an IPO, in the hopes of receiving more than $2 billion.

Isai Scheinberg's venture into the world of online poker followed his career as a senior programmer for IBM in Canada, where he and his family now reside. Since the company's founding in 1999, he has run Poker Stars with the help of his two sons. The remaining 25% of the company is owned by Poker Stars employees.

Potential buyers of Poker Stars include Rank Group and William Hill, gambling companies better known for their bingo halls and sports betting, respectively. If Poker Stars floats in an IPO, however, it will likely choose the London Stock Exchange as its venue, following in the footsteps of many gaming companies, including PartyGaming, currently the largest virtual poker operator.

In addition to the potential sale or flotation of the company, there is also the possibility of a merger with 888 Holdings, an Internet casino company owned by the Shaked and Ben Yitzhak families, also of Israel. Such a merger would send shock waves throughout the poker world, as 888 Holdings would gain an even larger share of the online poker market, adding to the already substantial player base registered on its own poker site, Pacific Poker.

Here is what I posted in the thread about Kahnawake:

Quote:

Originally Posted by AKingdom

Couple of questions:

What about the aspect of ownership? Is it any more clear in the Full Tilt context than in UB's who actually owns the company? Also do UB and FTP not both employ shell companies which have the side effect (benefit?) of masking the true owners? I'm asking this being ignorant of the situation over at Stars but having the impression that the ownership question has been more clear with that site despite the popular mythology that exists surrounding FTP's founding.

Last edited by AKingdom; 07-17-2008 at 09:43 PM.

Quote

07-17-2008 , 09:39 PM

Ihatelosing

banned

Join Date: Dec 2007 Posts: 526

no idea who owns it. i like it though, and from what i have seen, i feel safe playing there. they r the best

Quote

07-17-2008 , 09:43 PM

atticus

journeyman

Join Date: Jan 2008 Posts: 383

The IPO was cancelled:

http://www.gambling911.com/PartyGami...PO-100406.html

Quote

07-17-2008 , 09:46 PM

Kevmath

Carpal \'Tunnel

Join Date: Oct 2002 Posts: 28,242

Correct, the initial announcement was early 06, then the UIGEA took care of those IPO hopes.

Quote

07-17-2008 , 09:50 PM

#10

A_Junglen

Pooh-Bah

Join Date: May 2005 Posts: 5,883

I miss Dik****

Last edited by A_Junglen; 07-17-2008 at 09:50 PM. Reason: lol @ the censor

Quote

07-17-2008 , 09:50 PM

#11

KittyLiquor

old hand

Join Date: Feb 2005 Posts: 1,524

Beat: You don't get 2 Billion
Brag: You keep the 100+ Mil a year income.

-----------------Kitty

Quote

07-17-2008 , 09:51 PM

#12

asianpokerfacts

centurion

Join Date: Jul 2008 Posts: 172

It hasnt changed still the same family, Father and Son run the show.

Quote

07-17-2008 , 10:06 PM

#13

PlayEveryHand

journeyman

Join Date: Jul 2008 Posts: 287

Howard Lederer

Quote

07-17-2008 , 10:07 PM

#14

cavalucho

grinder

Join Date: Jan 2008 Posts: 502

Owner/operator Rational Enterprises (private company)

http://www.pokerscout.com/SiteDetail...rs&ab=47739315

Quote

07-17-2008 , 10:09 PM

#15

LysSta

banned

Join Date: Nov 2007 Posts: 977

Quote:

Originally Posted by PlayEveryHand

Howard Lederer

good

Quote

07-17-2008 , 10:15 PM

#16

Topset72

banned

Join Date: May 2006 Posts: 704

I am willing to bet there are site owners like Howard who would like to do a number on Russ Hamilton. His greediness is causing everyone to look at these sites ownership with a microscope and may eventually cause a lot of them to be arrested.

Quote

07-17-2008 , 10:18 PM

#17

another_rack

Carpal \'Tunnel

Join Date: May 2007 Posts: 9,458

Quote:

Originally Posted by A_Junglen

I miss Dik****

We all do

Quote

07-17-2008 , 10:40 PM

#18

defineluck

adept

Join Date: Jan 2008 Posts: 890

you should see dik's site now ! its full of russian donkeys who blow thru money like its nothing

Quote

Post Reply Subscribe

...