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Ramon Colillas Turns Free Entry Into $5.1 Million as Winner of Record-Breaking PokerStars Players Championship

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PokerStars_Championship Ramon Colillas Turns Free Entry Into $5.1 Million as Winner of Record-Breaking PokerStars Players ChampionshipReading Time: 4 minutes

 

PokerStars makes six new millionaires

PokerStars (Nasdaq: TSG) (TSE: TSGI), the flagship poker brand of The Stars Group, announced today that Ramon Colillas from Barcelona, Spain, won $5.1 million and was crowned the winner of the PokerStars Players No-Limit Hold’em Championship (PSPC), the richest and biggest-ever $25,000 buy-in poker tournament.

Colillas won free entry into the tournament as part of a PokerStars global promotion that awarded 320 people a $30,000 Platinum Pass package, which in addition to free entry, covered travel and hotel accommodations at the Atlantis Resort & Casino in the Bahamas. Colillas topped a field of 1,039 players that produced a record-breaking total prize pool of $26,455,500 and attracted players from all over the globe. As part of the total pool, PokerStars added an extra $1 million to the first-place prize.

PokerStars awarded the 30-year old Spanish native a Platinum Pass after he topped the Campeonato de España de Poker leader board based upon his successful tournament play in a series of PokerStars-sponsored tournaments in Spain. The former fitness trainer converted to a professional poker player at the age of 24.

“A lot of players were saying this was the most important tournament in history, so now it’s only about happiness and enjoying the moment,” Colillas said moments after his win.

PokerStars_Ramon_Colillas Ramon Colillas Turns Free Entry Into $5.1 Million as Winner of Record-Breaking PokerStars Players Championship

Ramon Colillas Turns Free Entry Into $5.1 Million as Winner of Record-Breaking PokerStars Players Championship. Photo credit: Neil Stoddart and Rational Intellectual Holdings Ltd.

The runner-up was 26-year-old professional poker player Julien Martini from Paris, France, winning an impressive $2,974,000. Julien was a very composed contender and had attempted to win a Platinum Pass last year in the €1,100 EPT Barcelona National Event, just missing out on the Platinum Pass, but still winning €323,000 for coming in second.

Platinum Pass winner Marc Rivera from The Philippines came in third place with $2,168,000. The 45-year-old won his ticket at the APPT Manila National Main Event with what was then his biggest live cash win. After being introduced to the game 12 years ago by his brother Ashley, who told Rivera he was “going to love it”, the engineer (at the time) has been playing ever since. When not on the felt, Rivera enjoys basketball, watching TV series and spending time at home with his family, playing with his son and daughter.

Not only has Colillas become a millionaire, but five other final table players have also joined the club. The eight-handed final table included US poker pro Scott Baumstein who started amassing live tournament cashes in 2009 and has accrued over $1.9 million in winnings over the past decade, Jason Koonce who had two reported live cashes worth a total $6,426Marc Perrault who has had a string of hefty online and live cashes dating back to 2012, Farid Jattin, a regular fixture on the live tournament circuit across the United States and who is leading the Colombian all-time money list with over $2.9 million in winnings, and Talal Shakerchi, a businessman from London who has over $6 million in winnings to date. The players all took home cash winnings between $509,000 and $2.1 million for their efforts.

The PSPC made it into the history books with a total prize pool of $26,455,500 awarded to 181 players, smashing the previous $15,495,750 prize pool record for a $25,000 event. Of the Platinum Pass holders, 43 collectively cashed in for nearly $9.8 million, including Jacqueline Burkhart from the United States with $86,400Atanas Pavlov from Bulgariawith $105,000 and Ireland’s Sven McDermott with $69,100.

PokerStars Director of Poker Marketing, Eric Hollreiser said, “We couldn’t have scripted a better outcome for the tournament and PokerStars congratulates Ramon and all of the competitors for making this an historic event. Ramon’s victory is a reminder that with a dream, some talent and a little luck, poker can change your life. We’re proud to have created a special experience for more than a thousand players, but especially for those like Ramon who had never previously dreamed of playing in such a tournament.”

The poker fun doesn’t stop despite the conclusion of the PSPC. The PokerStars Caribbean Adventure (PCA) continues with events including the $10,300 buy-in PCA Main Event, $25,000 buy-in PCA High Roller, $100,00 buy-in PCA Super High Roller and $1,100 PCA National. Live updates from the Super High Roller can be read on the PokerStars Blog now and will be live-streamed on PokerStars TV on January 11 and 12.

To keep up to date with all live reports from the PCA visit the PokerStars Blog or watch the live stream daily from 12:30 ET and 13:30 ET on January 16 at PokerStars.TV.

Find out more about Colillas’ win on the PokerStars Blog.

For further information, please contact press@pokerstarslive.com

About PokerStars

PokerStars operates the world’s most popular online poker sites, serving the global poker community. Since it launched in 2001, PokerStars has become the first choice of players all over the world, with more daily tournaments than anywhere else and with the best online security. More than 182 billion hands have been dealt on PokerStars, which is more than any other site.

The Stars Group owns or licenses gaming and related consumer businesses and brands, including PokerStars, PokerStars Casino, BetStars, Full Tilt, Sky Bet, Sky VegasSky Casino, Sky Bingo, Sky Poker and BetEasy 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 EuropeAustralia, and the Americas.

 

 


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Ramon Colillas Turns Free Entry Into .1 Million as Winner of Record-Breaking PokerStars Players Championship

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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William Hill lowers profit forecast

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William-Hill-lowers-profit-forecast-2018 William Hill lowers profit forecastReading Time: 1 minute

 

William Hill is all geared for remodelling its retail business in 2019, after it lowered its full-year 2018 adjusted operating by about 15 per cent lower compared to the previous year.

The company had reduced its profit forecast in November due to increasingly stringent regulations, particularly on lucrative fixed-odds betting terminals (FOBTs), and warned of more losses in the United States.

It said its US business had broadly broken even in the year.

European gambling companies have been looking to expand across the Atlantic in light of regulatory curbs in Britain and as US states ease curbs on betting.

William Hill said 2018 adjusted operating profit from continuing operations would be 234 million pounds, slightly higher than company-supplied analyst estimates of 232.2 million pounds.

Profit was lower in its retail business due to tough high-street conditions and the offering would be remodelled in 2019 as Chief Executive Officer Philip Bowcock looks to make the firm a “digitally-led international business,” the company said.

The company had said in November that it would look at new products to offer alternatives to FOBTs.

“With rapid expansion underway in the U.S. … and the acquisition of Mr Green nearing completion, we look forward to making further progress this year,” Bowcock said in a statement.

William Hill has earmarked about 120–130 million pounds for 2019 to fund its US expansion.

 


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: William Hill lowers profit forecast

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FTSE4Good Index admits GVC Holdings

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FTSE4Good-Index-GVC-Holdings FTSE4Good Index admits GVC HoldingsReading Time: 2 minutes

 

GVC Holdings, the multinational sports-betting and gaming group based in Isle of Man, has been admitted to the FTSE4Good Index Series following the FTSE4Good’s annual review in December 2018.

The FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. Transparent management and clearly-defined ESG criteria make FTSE4Good indexes suitable tools to be used by a wide variety of market participants when creating or assessing sustainable investment products.

GVC was admitted to the index after an independent scrutiny of its practices and public documents against a series of criteria including:

  • Governance (including risk management, corporate governance and anti-corruption)
  • Social practices (including human rights, labour standards and health & safety)
  • Environmental commitments (including energy usage and waste management)

Kenneth Alexander, GVC CEO commented:

“We are proud to join FTSE4Good and be recognised as a leader in corporate social responsibility, which is at the core everything we do as a business. Acting responsibly and maintaining strong governance is not a luxury but fundamental to our long-term success and a key driver of shareholder value.”

 

About GVC:
GVC Holdings PLC is one of the world’s largest sports betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports Brands include bwin, Coral, Crystalbet, Eurobet, Ladbrokes and Sportingbet; Gaming Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, partypoker and PartyCasino. The Group owns proprietary technology across all of its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis. GVC acquired Ladbrokes Coral Group plc on 28 March 2018 and is now the UK’s largest high street bookmaker, with over 3,500 betting shops. The Group, incorporated in the Isle of Man, is a constituent of the FTSE 100 index and has licences in more than 20 countries, across five continents.

For more information see the Group’s website: www.gvc-plc.com

 


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: FTSE4Good Index admits GVC Holdings

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Macau’s casino companies receive rating upgrade

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Macau’s-casinos-receive-rating-upgrade Macau’s casino companies receive rating upgradeReading Time: 1 minute

 

Brokerage Sanford C Bernstein has upgraded the ratings of Macau casinos Galaxy Entertainment Group and Sands China. This was done after a re-evaluation of the companies and also considering the capacity expansion in 2020.

According to Bernstein analysts, Vitaly Umansky, Eunice Lee and Kelsey Zhu, even as GGR is expected to decrease from 14 per cent (2018) to 3 per cent this year, there is a positive future for Galaxy and Sands in 2019. They clarified: “On a longer-term fundamental view, Galaxy now looks relatively inexpensive, especially factoring in Phase 3 and 4 developments of Galaxy Macau.” 

They added: “Galaxy continues to improve its Mass operations at Galaxy Macau and StarWorld while maintaining a leadership position in VIP. While the VIP segment is most at risk of considerable slowdown over the next 6 to 12 months, over the medium term, the key value driver is operating leverage improvement and improving business mix which will enhance margins.”

Furthermore, they explained that Galaxy “stands to have outsized growth over the long run” as it completes Galaxy Macau Phases 3 and 4.

“We continue to look favorably upon Sands China’s management team, product positioning and strategy focused on Mass market, a strong balance sheet and hefty dividends,” Bernstein analysts said about Sands China and added: “Redevelopment of Sands Cotai Central and upgrades at the Parisian will help boost its high margin Premium Mass business. The long-term (beginning in 2020) growth story from hotel suite capacity expansion and the Londoner redevelopment is evident. Sands China’s valuation look attractive for a stock that consistently trades at a premium to Macau gaming stocks and is now trading well below its historical average.”


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Macau’s casino companies receive rating upgrade

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