PokerStars
From Wikipedia, the free encyclopedia
PokerStars is the largest online poker cardroom in the world.[1]
PokerStars' satellite tournaments produced the 2003 World Series of Poker champion, Chris Moneymaker, as well as the 2004 champion, Greg "Fossilman" Raymer. Those two now act as spokespeople for the cardroom, as does 2005 World Series of Poker champion Joe Hachem, also a regular player on the site. In March 2007, poker room manager Lee Jones announced his retirement, effective April 1.[2] His successor has yet to be named.
Launched in September 2001, PokerStars is owned by a Costa Rican company, Rational Enterprises, although its company headquarters is on the Isle of Man in the Irish Sea. PokerStars holds its license with the Isle of Man Gambling Supervision Commission. Since relocating to the UK Crown dependency, PokerStars has been the subject of financial media speculation regarding a possible IPO or merger with a publicly listed company. Analysts estimated its market value would be approximately $3 billion (US), which would have made the company one of the world's largest privately held gambling companies.[3]
PokerStars overtook PartyPoker as the world's largest online poker room at around the time the U.S. Congress passed the Unlawful Internet Gambling Enforcement Act. Many sites, including PartyPoker, immediately suspended business with U.S. gamblers, while others, including PokerStars, did not.[4] On May 19, 2007, PokerStars dealt their 10 billionth hand.[5]
Since then Pokerstars has grown and has roughly 120,000 players at their tables on a consistent basis and continues to grow at a steady pace.
PokerStars is the headline sponsor of the European Poker Tour. PokerStars sponsored an event on the World Poker Tour called the PokerStars Caribbean Poker Adventure. The World Poker Tour no longer stages this event, so it is now a stop on the European Poker Tour. In 2005, eGaming Review named PokerStars.com the "Best Poker Operator of the Year".
PokerStars offers eight varieties of poker games: Texas hold 'em, Omaha, Omaha Hi/Lo (8 or Better), Stud, Stud Hi/Lo (8 or Better), Razz, five-card draw, and deuce to seven triple draw. HORSE and HOSE, "mixed games" that rotate through several of the above, are also offered.[6] Players can participate in real money games ranging from $.01/$.02 (micro limits) up to $1000/$2000.
Pokerstars offers hand history files for analysis, discussion and conversion using a poker hand converter.
The home of the World Championship of Online Poker, the largest online poker tournament series in the world, PokerStars has over 20,000 players playing real money ring games daily, plus thousands more playing real money tournaments or free-play games.[7] During peak operating times, this often adds up to over 120,000 players online simultaneously. PokerStars.com's play money players mix with those logging in from PokerStars.net, a free play-only site without real money games.
The site's flagship event is the Sunday Million, a weekly tournament with a guaranteed million dollar prize pool with a buy-in of $215. On July 8, 2007, PokerStars debuted a new weekly event, the $11 buy-in Sunday Hundred Grand, which regularly attracts the tournament maximum 22,500 players, making it the largest participated-in real-money poker tournament ever. This total surpassed the previous record of 10,894 players who participated in the May 20, 2007 Sunday Million tournament.[8] On March 2, 2008 the Sunday Hundred Grand was won by World Series of Poker Europe champion Annette Obrestad, who won $20,000 for first place.
[edit] Team PokerStars
PokerStars sponsors several professional players including Chris Moneymaker, Greg Raymer, Joe Hachem, Bertrand Grospellier, Isabelle Mercier, John Duthie, Lee Nelson, Luca Pagano, Steve Paul-Ambrose, Vanessa Rousso, Victor Ramdin, Noah Boeken, Andre Akkari, Hevad Khan, Dario Minieri, Raymond Rahme, Tuan Lam, Chad Brown, Victoria Coren as well as WSOP bracelet winners Barry Greenstein, Humberto Brenes, Bill Chen, 1983 WSOP champion Tom McEvoy, Daniel Negreanu, Gavin Griffin, and Katja Thater.[9]
[edit] Notes
- ^ PokerScout.com: PokerStars
- ^ CardPlayer.com: Update: Lee Jones Writes About Departure
- ^ London Times: Pokerstars plans for $3 billion float
- ^ CardPlayer: PokerStars Will Keep Serving American Customers
- ^ Pokerstarsblog: justine0003 wins PokerStars' Ten Billionth Hand and $100,000
- ^ List of games offered by PokerStars
- ^ Poker Site Scout: Online Poker Traffic Report
- ^ Pokerstarsblog: Sunday Million Results for May 20, 2007
- ^ List of Team Pokerstars members from PokerStars site
