The Stars Group's Pokerstars Turbo Series Surpasses Guarantees With $25 Million Prize Pool
TORONTO, March 12, 2018 /PRNewswire/ —
The Stars Group Inc. announced today that the recent PokerStars Turbo Series exceeded its original $15.6 million prize-pool guarantee by nearly $10 million, ultimately paying out more than $25 million among the 46,581 unique players who participated in the online poker series.
The Turbo Series, which took place from February 18 to March 4, replaced PokerStars’ long-running Turbo Championship of Online Poker (TCOOP) and featured 74 events with buy-ins ranging from $11 to $5,200. Three events had prize pools exceeding $1 million, while PokerStars awarded three $30,000 Platinum Passes to the PokerStars Players No Limit Hold’em Championship (PSPC), a $25,000 buy-in event taking place in the Bahamas in January 2019.
The success of the Turbo Series follows similar results for recent online tournaments at PokerStars, including the FRESH (France Espania Hold’em) Series, PokerStars’ first joint tournament series offered to both French and Spanish players following the launch of shared liquidity among those markets, which exceeded its EUR5 million guarantee and awarded over EUR6 million, the PokerStars Winter Series, which awarded over $38 million as compared to the $25.4 million prize pool guarantee, and the 2017 World Championship of Online Poker (WCOOP), which exceeded its advertised guarantee of $60 million to pay out $90.6 million. WCOOP became the second-largest ever online poker series, behind PokerStars’ Spring Championship of Online Poker (SCOOP), which paid out an industry record $93 million in 2017.
About The Stars Group
The Stars Group is a leading provider of technology-based products and services in the global gaming and interactive entertainment industries. The Stars Group directly or indirectly, including through its Stars Interactive Group division, owns gaming and related consumer businesses and brands, such as PokerStars, PokerStars Casino, BetStars, Full Tilt, and the PokerStars Players No Limit Hold’em Championship, European Poker Tour, PokerStars Caribbean Adventure, Latin American Poker Tour, Asia Pacific Poker Tour, PokerStars Festival and PokerStars MEGASTACK live poker tour and event brands. These brands together have millions of registered customers globally and collectively form the largest poker business in the world, comprising online poker games and tournaments, sponsored live poker competitions, marketing arrangements for branded poker rooms in popular casinos in major cities around the world, and poker programming and content created for television and online audiences. The Stars Group, through certain of these and other brands, also offers non-poker gaming products, including casino and sportsbook. The Stars Group, through certain of its subsidiaries, is licensed or approved to offer, or offers under third party licenses or approvals, its products and services in various jurisdictions throughout the world, including in Europe, both within and outside of the European Union, Australia, the Americas and elsewhere. In particular, PokerStars is the world’s most licensed online gaming brand, holding licenses or related operating approvals in 17 jurisdictions.
Cautionary Note Regarding Forward Looking Statements and Other Information
This news release may contain forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements can, but may not always, be identified by the use of words such as “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “intend”, “could”, “might”, “would”, “should”, “believe”, and similar references to future periods or the negatives of these words and expressions. These statements are based on management’s current expectations and are subject to a number of risks, uncertainties, and assumptions. There can be no assurance that actual results will not differ materially from those expressed or implied in forward-looking statements. Undue reliance should not be placed on forward-looking statements. Please refer to The Stars Group’s most recent annual information form and annual and interim financial statements and management’s discussion and analysis for more information about the factors, assumptions and risks that may apply to The Star’s Group’s forward-looking statements. Each forward-looking statement speaks only as of the date hereof, and The Stars Group undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.
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