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Old 07-17-2008, 10:06 PM   #1
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who owns pokerstars?

maybe that question has already been answered somewhere. if so feel free to delete the thread
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Old 07-17-2008, 10:12 PM   #2
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Re: who owns pokerstars?

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?
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Old 07-17-2008, 10:23 PM   #3
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Re: who owns pokerstars?

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
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Old 07-17-2008, 10:27 PM   #4
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Re: who owns pokerstars?

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.
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Old 07-17-2008, 10:33 PM   #5
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Re: who owns pokerstars?

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.
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Old 07-17-2008, 10:37 PM   #6
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Re: who owns pokerstars?

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:

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Originally Posted by AKingdom View Post
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 10:43 PM.
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Old 07-17-2008, 10:39 PM   #7
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Re: who owns pokerstars?

no idea who owns it. i like it though, and from what i have seen, i feel safe playing there. they r the best
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Old 07-17-2008, 10:43 PM   #8
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Re: who owns pokerstars?

The IPO was cancelled:

http://www.gambling911.com/PartyGami...PO-100406.html
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Old 07-17-2008, 10:46 PM   #9
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Re: who owns pokerstars?

Correct, the initial announcement was early 06, then the UIGEA took care of those IPO hopes.
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Old 07-17-2008, 10:50 PM   #10
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Re: who owns pokerstars?

I miss Dikshit

Last edited by A_Junglen; 07-17-2008 at 10:50 PM. Reason: lol @ the censor
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Old 07-17-2008, 10:50 PM   #11
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Re: who owns pokerstars?

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

-----------------Kitty
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Old 07-17-2008, 10:51 PM   #12
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Re: who owns pokerstars?

It hasnt changed still the same family, Father and Son run the show.
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Old 07-17-2008, 11:06 PM   #13
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Re: who owns pokerstars?

Howard Lederer
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Old 07-17-2008, 11:07 PM   #14
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Re: who owns pokerstars?

Owner/operator Rational Enterprises (private company)

http://www.pokerscout.com/SiteDetail...rs&ab=47739315
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Old 07-17-2008, 11:09 PM   #15
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Re: who owns pokerstars?

Quote:
Originally Posted by PlayEveryHand View Post
Howard Lederer
good
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