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Poker revenue at PokerStars declines

Published by

August 15, 2019 5:53 pm

Poker revenue at PokerStars declines

While in the Triton Series another casual player can win a high roller event, the Stars Group has announced the current quarterly figures.

Poker now only generates 30% of Stars revenue

This week, the Stars Group has announced its results for the second quarter. Despite a 51% increase in total revenues, the share price fell by 20%.

The biggest surprise in the report is that poker now accounts for only 30% of the group’s revenues. Last year this figure was 53% in the second quarter, but in the meantime, the sports betting provider Sky Betting & Gaming has been acquired.

As a result, sports betting is now generating 36% of the Group’s revenues, compared to 16% in the second quarter of 2018, while casino revenues rose from 25% to 31%.

Another Triton high roller victory for a hobby player

The Triton Series tournaments deliberately focus on giving rich casual players a realistic chance to win, and it seems as if the effort is paying off.

Last week Aaron Zang won the Triton Million, followed last night by Turkish businessman Orpen Kisacikoglu, who won the €100,000 Triton High Roller at MILLIONS Europe in Rozvadov.

He won against a strong field of 32 players, among them Phil Ivey, and against a final table, to which Wai Kin Yong, Kristen Bicknell and Ben Heath had also made it. The main prize for the victory was €1,040,000.

Lex with the Soulread?

One of the most difficult moves in poker is making big folds where you never really know what you’ve lost your share of the pot against.

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