Stars Group, the Canadian based parent company of PokerStars, is now the majority owner of the Australian sports betting company CrownBet. The deal was sealed yesterday when Stars Group announced that it had purchased 62 percent of CrownBet Holdings Pty Ltd for $117 million (USD). CrownBet's parent company, Crown Resorts has been in the process…
PokerStars has exited the Colombian online gambling market, citing over regulation and their inclusion on a governent blacklist as the main factors. The company's exit from a potentially lucrative market, and its battles with an entrenched bureaucracy illustrate the challenges operators face as they enter emerging gambling markets. News of PokerStars' Colombian exiting began spreading…
A Quebec judge has set a November 20 trial date for former PokerStars CEO, David Baazov. Baazov is accused of spearheading an insider trading scheme that involved several of his close associates and millions of dollars. Quebec Court Judge Claude Leblond informed Baazov of his date with destiny during a hearing on Tuesday. The trial…
Paul Tate avoided a date with a US prison cell after turning himself in to US authorities for his role as the payments director at PokerStars during the Black Friday-era. Tate stood in front of US District Judge Lewis Kaplan in a Manhattan court room on Monday to face the music for his role in…
PokerStars could be pulling out of the lucrative Australian gambling market as soon as this week if a new bill cracking down on grey market operators passes into law. The proposed measure, an amendment to the Interactive Gambling Act of 2011 (IGA), would close loopholes that allowed PokerStars, and other major operators, to operate in…
PokerStars began unveiling new policies for its VIP Club that are set to be implemented in 2107. The massive changes are part of a larger effort to attract more recreational players to the PokerStars ecosystem without alienating their highest rollers. It's a delicate balancing act and, so far, those VIPS aren't very happy with the…
Late last week, a former PokerStars employee plead guilty to a single illegal gambling charge that date back to the Black Friday investigation of 2011. Paul Tate, 42, stated his plea to U.S. Magistrate Judge Barbara Moses in a New York court room. Tate is now facing a sentencing in the case on November 21…
Dutch poker star Marcel Luske is suing online poker giant, PokerStars in a dispute over who actually owns the rules to poker. The suit, which was filed in Nevada, alleges "fraud and/or misrepresentation" by the poker giant in their use of Luske's publication, International Poker Rules. Luske, who is one of poker's biggest stars, has long…
California's powerful tribal interest are dead set on keeping PokerStars out of the Golden State online gambling market. Recently, a seven-tribe coalition called for lawmakers to impose a 10-year ban and a $60 million fine on the online poker behemoth before allowing it to enter the regulated California online gambling market. (The fact that there…
The Department of Justice is just saying, "No," to 1500 PokerStars remittance claims. This most recent batch of claims includes a large number of affiliates who aren't likely to ever see money they earned for sending players to PokerStars in the heady pre-Black Friday online poker boom. For this unlucky group, the options for filing…
News in the iGaming and Sports Betting affiliate world moves fast.
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