Joined: Nov '18
Location: Ukraine
Age: 39 (M)
Posts: 25
The parent company PokerStars is merging (more precisely, being absorbed) with the company that owns Betfair and Paddy Power to create the largest sports betting operator.
Dublin-based Flutter Entertainment acquires The Stars Group, owned by PokerStars and Sky Bet. At the same time, Flutter will control the new company with 54.64% stake, and the shareholders of The Stars Group will get 45.36%. The name of the new company is unknown, but now the name "United Group" is used.
On these news, the value of the shares of both companies went up: Flutter Entertainment has already increased by 17% on the London Stock Exchange, and the shares of The Stars Group and by 45%.
The total annual revenue of the new company is estimated at $ 4.7 billion. Flutter / Stars Group will become the largest gaming company in the world.
The transaction is expected to be completed in the third quarter of 2020.
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13302
What happened to them. They no longer have the profit they once had? This corporation when it bought Pokerstars he promised many good things. After that the reality is that: they offered many disadvantageous things for the players and latter Amaya Group lost many gamblers. Now Stars Group sells? Very good. I hope someone will come and do something good.
Joined: Apr '17
Location: Argentina
Age: 36 (M)
Posts: 584
I'm not mad at pokerstars because in the end they are putting almost everything for money lately and removing the few freeroll that are left so that those who cannot make deposits can at least get some money to enter the occasional tournament, but although shout nothing will change I think
Joined: Dec '14
Location: Greece
Age: 40 (M)
Posts: 2119
I hope the new owners make better decisions for the sake of players , such as a better rakeback system , less rake in tournaments and more promotions/offers/freerolls for everyone
Joined: Aug '10
Location: Germany
Age: 52 (M)
Posts: 2219
The changes in the ownership is normally not a good sign for a network. To much changes and new ideas. And , off course, they want to make more proftit and the result was: the players must pay. And so we see that the biggest pokerroom goes down step by step...
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13302
We don't know if they will come with strategies to the detriment of the players but remains to be seen what will happen. It is not difficult to make a deposit of $ 50 or 50 euros per month and to play cash for wager. Then you can play tournaments where you hope to hit a good place in a good game.
