The King Of Online Gambling (Is 34)

[TheProphet]

"Earlier this year David Baazov walked into the Manhattan offices of the Blackstone Group, the world’s biggest private equity firm, with an outrageous offer. At 33 Baazov was the little-known chief of Amaya, an obscure Montreal company with a loose handful of assets in the gambling industry. But he had big plans. With the backing of Blackstone’s credit division he wanted to stage the $4.9 billion purchase of PokerStars, the world’s biggest online poker company."  Read full article here

[Luciana]

I know this one, thank you for sharing. I just edited your post adding " "

[Cassaon-casino]

A very interesting article.

 

David Baazov's father kicked him out the house after he told him that he was not going to further his studies, he even lived on the street for a while. Armed with just a dream he practically came from nowhere. His agressive attitude and self believe got him to the very top of our industry whether he'll remain at the top remains to be seen.

 

PokerStars recently imposed a SU (stuff you) clause into their contract with affiliates. Seems like the site's popularity is dropping with US-based poker players.

 

A while ago I interviewed Jesse Eddleman, I consider him an expert on US gaming regulation and online poker. In one of the questions I asked him he had the following to say:

 

''PokerStars is facing a really big problem right now. Despite having the largest player pool by far, they also have the toughest competition of any online poker room in the history of the game. The reason for this is that they only offer poker. This means that they cannot attract recreational players from other types of gambling.

 

With a site like Bovada that does offer the different types of gambling, you’ll get a lot more recreational players coming in to enjoy some poker since they got bored with whatever else they were playing. This means softer games and less of regulars having to fight with other regulars over the few recreational players who happen to show up.

 

I actually wrote a piece lately on how the Amaya Gaming Group is adding casino games and other types of betting to PokerStars. A lot of the players are mad about this because they believe it will take away some of their action, but the reality of the situation is that it will make the games a lot softer at PokerStars over the long run because it will bring in more recreational gamblers.''