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Biggest ever PokerStars tournament is underway

Wed, Jan 9, 11:09am by Staff Writer

The Stars Group’s flagship poker brand PokerStars has generated the largest ever prize pool for a $25,000 buy-in poker tournament. 1,039 players have entered to compete in the richest poker tournament to ever be staged where the winner will walk away with $5.1 million.

A total prize of $26,455,500 is on offer for 181 of the best players, according to The Business Insider.

The tournament is set to conclude later this week with the final table to feature at least six millionaire winners.

PokerStars Director of Poker Marketing Eric Hollreisier said: “passion and interest in poker is alive and well in 2019 and this tournament highlights the global excitement for the game.”

Players descended upon the Atlanta Resort & Casino in the Caribbean on January 6 and 7 to register for the historic event.

The massive field comprises players from all over the globe and of a range of experience levels from novices to professionals.

Players coming from far and wide

During the past 13 months, PokerStars awarded 320 Platinum Pass packages worth $30,000 to players, covering their buy-in, travel and accommodation expenses.

PokerStars Ambassador Daniel Negreanu said: “this tournament has been in the works for over a year and it’s been super exciting to follow the journey of the many Platinum Pass winners.”

The tournament didn’t require the 320 Platinum Pass winners to smash records.

The previous attendance record or a $25,000 buy0in tournament was 639 entries with a prize pool of $15,495,000.

An event of this magnitude has attracted some of the biggest names in the game including Patrick Antonius, Phil Hellmuth and Erik Seidel.

The voice of the UFC Octagon Bruce Buffer kicked off the tournament by announcing ‘Shuffle Up and Deal’.

Also present at the opening of the event were former NBA star and current ESPN analyst Paul Pierce, pro skateboarder Tony Hawk and comedian Norm Macdonald.

Golfer Sergio Garcia joined the event but was eliminated on day one of competition.

Canadian company purchased CrownBet and William Hill in 2018

PokerStars is an online poker cardroom owned by The Stars Group that can be accessed through Windows, macOS, Android and iOS.

It is the largest online poker website in the world with a share of more than two-thirds of the total online poker market according to The Telegraph.

PokerStars launched its real money wagering service in 2001 as a Costa Rican company Rational Enterprises.

The company was subsequently moved to the Isle of Man due to the favourable 0 per cent corporate tax rate in the nation and the removal of rules prohibiting companies from accepting casino and poker bets from the United Sates.

The Stars Group owns or licenses gaming and related consumer businesses and brands including PokerStars, PokerStars Casino, BetStars, Sky Casino and BetEasy.

It is one of the world’s most licensed online gaming operators with its subsidiaries collectively holding licenses or approvals in 21 jurisdictions throughout the world, including in Europe, Australia and the Americas.

The Stars Group purchased a 62 per cent stake in what was known as Crownbet in February 2018 for $150 million.

The group hopes push online poker games to be legalised in Australia according to the AFR, with the industry worth an estimated $130 million per annum according to an Australian Senate committee.

PokerStars was one of the sites used by an estimated 113,000 Australian online poker players before its ban in 2017.

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