Rumors: Scheinbergs are going to buy back PokerStars
According to one of the Poker Fives co-founders, Mark and Isai Scheinberg are going to get the PokerStars back. This news found a huge resonance and was fervently discussed at the recent conference GlobalGamingPro in Las Vegas. Loads of specialists in online gambling were present there and they seemed to treat these rumors very serious. Meanwhile many of the guests considered this situation very possible to come true.
It all began with the message posted on Twitter by Adam Small (PocketFives co-founder). This Tweet announced Adam’s allegation about Amaya’s ex-CEO absence in the court, when he was accused of fraud with Insider Trading.
Adam’s message:
The user “Grange95” responded to this tweet in order to correct Adam. Grange95 claimed that the Department of Justice hadn’t removed Scheinbergs from the company’s board, but it was totally their decision to sell the poker room to let it obtain the license to work in the USA. Further, another Twitter user added that ex-owner of PokerStars had plenty of reasons to sell it. Small responded the following:
and
To recollect, in 2014 the Scheinbergs sold PokerStars to Amaya for $4,900,000,000. By that moment PokerStars had already bought Full Tilt and had already covered 95% of its debts that occurred as result of Black Friday.
The change of the owners concluded into the policy updated: rake was increased, Supernova Elite status and complement bonuses were eliminated, room’s market capitalization was two times reduced, David Baazov’s numerous accusations of company’s Insider trading...
Can Scheinberg purchase PokerStars for real?
When this point is considered, it’s worth to be mentioned, that Adam Small is a respectful specialist in gambling. He earned good reputation and has never spread unreasonable information. Moreover, this news appeared in few resources simultaneously at G2E exposition (people tend to be very qualified and informed in their professional field at events like this). Also, there are loads of financial indicators, which claim this deal to be reasonable.
It’s evident that PokerStars has future in the US, still it’s sort of limited. The room didn’t manage to conquer the leading position on New Jersey’s market, where average players traffic is fixed at 100 users a day. By the way, the experts predict PokerStars is unlikely to get access to the online poker market in California in the next 5 years. It shows that all investment made into US market extension are not justified.
What can Scheinbergs contribute to PokerStars?
It’s possible that in case the situation will keep on moving in this direction, new owners of the world’s largest online poker room will abolish the decisions introduced by David Baazov’s team, to recover its reputation. Probably, the regulars will get their Supernova and Supernova Elite awards back (that have a great impact on their incomes).
At the same, if the Scheinbergs purchase PokerStars, then the room will likely leave the US market. In this occasion company’s management will be able to earn more at so-cold 'Grey markets'. Currently there are worries that PokerStars may quit Russian, Canada and Germany (still the risk is not high, because the traffic in these countries has sizeable impact on poker room), yet in case the deal will be made, this option won’t be considered.
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