Poker Site Wants Card Sharks to Fold So the Rest of Us Can Win
- PokerStars revamping rewards, rules to attract casual players
- Online poker lost steam since U.S. outlawed operators in 2011
Fresh off a name change and in the midst of a turnaround, Canadian online gaming company The Stars Group is looking for M&A opportunities. The company formerly known as Amaya is eyeing an entry into the sports betting business. In his first TV interview since taking over as CEO, Rafi Ashkenazi explains his approach to making deals in the space. He speaks on 'Bloomberg Markets Canada.' (Source: Bloomberg)
PokerStars has a stern, and unusual, message for some of its most passionate clients: Quit winning so much.
PokerStars says these gamblers -- semi-professional types who play hand after hand day and night -- became a problem after they grew too numerous and have taken advantage of the thousands of novice bettors who account for the lion’s share of all wagers made on the world’s largest poker website.