TORONTO, January 22, 2019 /PRNewswire/ --
The Stars Group (NASDAQ: TSG) (TSX: TSGI) today announced the
success of the annual PokerStars Caribbean Adventure (PCA), which
immediately followed the first ever PokerStars Players No-limit
Hold'em Championship (PSPC), two major live poker tournaments
sponsored by its flagship poker brand.
Combined, the PCA and PSPC, which both took place at the
Atlantis Resort & Casino in the Bahamas, awarded a total $63 million over 11 days of competition.
"Together, the PCA and PSPC have set a new standard for live
events of this kind," said Rafi Ashkenazi, Chief Executive Officer
of The Stars Group. "These tournaments created many winning moments
and exciting stories for our players and staff, particularly for
Ramon Colillas, who won over $5
million from a free entry. It's a great start to the
year."
The PSPC took place from January 6 to
10 and was the largest $25,000
buy-in poker tournament in history with a field of over 1,000
players from and a total prize pool of $26.5
million, including $1 million
added to the prize pool by PokerStars for first place.
Spanish poker player Ramon Colillas took home the $5.1 million PSPC first-place prize and was one
of six millionaires made during the event. Colillas qualified for
the PSPC for free as one of 320 PokerStars customers who won a PSPC
Platinum Pass during 2018, which in addition to the $25,000 buy-in covered travel and hotel
accommodations.
The PCA ended on January 16 and
awarded a total prize pool of $36.3
million. The event attracted over 1,600 players representing
79 countries and generated over 11,000 entries. The $10,300 buy-in 2019 PCA Main Event attracted 865
entries, with a total prize pool of $8.4
million and Main Event first place prize of $1.6 million.
The next major live poker tournament on the PokerStars 2019
calendar is the PokerStars-sponsored European Poker Tour (EPT)
Sochi, which takes place in Sochi, Russia from March 20
through 29 and is the first stop of the 2019 EPT.
About The Stars Group
The Stars Group is a provider of technology-based product
offerings in the global gaming and interactive entertainment
industries. Its brands have millions of registered customers
globally and collectively are leaders in online and mobile betting,
poker, casino and other gaming-related offerings. The Stars Group
owns or licenses gaming and related consumer businesses and brands,
including PokerStars, PokerStars Casino, BetStars, Full Tilt,
BetEasy, Sky Bet, Sky Vegas,
Sky Casino, Sky Bingo, and Sky
Poker, as well as live poker tour and event brands, including 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. The Stars Group is one of the world's most licensed
online gaming operators with its subsidiaries collectively holding
licenses or approvals in 21 jurisdictions throughout the world,
including in Europe, Australia, and the Americas. The Stars Group's
vision is to become the world's favorite iGaming destination and
its mission is to provide its customers with winning moments.
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.
For media inquiries, please contact: Vaughan
Lewis, ir@starsgroup.com, Press@starsgroup.com