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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.

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Gambling News :

2017 Super High Roller Bowl Schedule - Poker Central, POKER PROductions and the Aria Resort & Casino have released details on the 2017 Super High Roller Bowl taking place 28-31 May.

Super Multitimes Progressive HD Slot - This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.

2017 Aussie Milliona Updates Events 2,3,4 - Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.

Juventus name VWin as Partner - “We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.

Luckia Group 2016 Results - The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.

Fire Rooster Slot Launches - This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.

n2-Live Updates - The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”

Betfred FY 2016 - Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.

BetConstruct has joined the National Council on Problem Gambling - BetConstruct has joined the National Council on Problem Gambling (NCPG) saying it feels a duty to support an organization that strives to keep gaming fun and safe for all.

Cherry CEO Fredrik Burvall Steps down - Anders Holmgren, currently a board member of Cherry AB and one of the founders of Betsson where he also held the role of chief executive officer of Betsson Malta

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