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Pokerstars In Canada

Newspaper  article reveals background

The Toronto Sun publishing an interesting article this week, claiming that online poker site Pokerstars has set up shop in Canada, and that the poker giant's software, which has dealt over 48 billion hands, was developed in Richmond Hill, Ontario by PYR Software, a firm created by PokerStars founder Isai Scheinberg in 2000.

Scheinberg, a former programmer himself, had worked with IBM in Canada and Israel before he and his son Mark started the world's largest online poker enterprise.

The Sun article claims that the Pokerstars server is hosted in the Kahnawake Mohawk First Nation reserve near Montreal in Quebec.

"The partnership has proved lucrative for the Kahnawake, which just this week announced plans to tap into its online gaming revenues to fund a multi-million-dollar wind energy farm project with a U.K. based company," the Toronto Sun reveals.

John Pliniussen. a business professor and online gambling expert at Queen’s University, told the newspaper that he wouldn’t be surprised to see more local online gambling servers pop up on First Nation reserves as bands look to capitalise on the online gambling movement.

“It’s fair game. That’s where the action is,” he said.

US government moves to stifle online gambling via the prosecution of processors and the UIGEA appear to have had little effect on Pokerstars, which continues to service US players and has issued a statement claiming: “As reflected in legal opinions provided to PokerStars, its activities in the U.S. are and at all times have been lawful."

Today, PokerStars has an estimated 38 million members, annual revenue of $1.4 billion and some $500 million in profits, according to Forbes magazine.

Globally, online poker is a $4.8-billion annual business, according to H2 Gambling Capital. PokerStars enjoys 35% of that market.

Gambling News :

$700K worth of Power Series Mega Sats every week - These amazing Power Series Mega Sats hit the partypoker lobby on Sunday 25th March so log in, buy-in and see if you can win one of the near $700,000 worth of tickets on offer this week.

Pinnacle Goes Live With Microgaming Quickfire - Founded in 1998, Pinnacle is a respected industry leader, delivering sports betting, casino and educational betting-related content to customers worldwide.

PokerLion Joins Microgaming Poker Network - PokerLion roars into life on the MPNís Indian Poker Network. Microgaming welcomes PokerLion to the MPNís growing Indian Poker Network.

Danske Spil Bingo Moves to Microgaming - The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.

Quickfire live on Strendus - Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.

$2 Million Added to partypoker Guarantees - Almost $2 Million Added to Guarantees During First Ever Super Sunday

Quickfire content live on BetatHome - Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.

Microgaming has donated £30,000 between four charities - Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.

Entertainment Betting Odds: 90th Academy Awards - The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.

New era of poker in Baltics with The Kings of Tallinn - The Main Event at the festival has already attracted big names like Juha Helppi and Kimmo Kurko. These two are Finlandís all-time poker tournament winners.

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