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The world's largest online poker operator now has a new owner. The Stars Group, owner of PokerStars, has been acquired by Flutter Entertainment, owners of online gaming brands Paddy Power, FanDuel and BetFair, in a deal that creates the world's largest online gaming company. The all-share transaction sees Flutter wind up with 55% of the ownership of the combined group and TSG with 45%. The combined 2018 revenues of the two companies was $4.66 billion. "This exciting combination will allow us to enhance and accelerate our existing strategy. In recent years, we have transformed TSG from a
[caption width="640"] Amaya Chairman and CEO David Baazov has stepped aside - temporarily - to deal with insider trading allegations.[/caption] Just days after being charged with insider trading, David Baazov has taken an indefinite paid leave of absence from his role as Amaya Chair CEO to deal with the allegations. He will remain a member of the board of directors. Last Wednesday, Autorité des Marchés Financiers, the securities regulator in Quebec, announced they had filed 23 charges related to insider trading at Amaya. Five of those charges were levied at Baazov including aiding with
As 2019 draws to a close, PocketFives takes a look back at the year that was in poker news, going month-by-month through the biggest and most important stories of the year. October brought us one of the biggest stories of 2019 when allegations of cheating by Californian poker pro Mike Postle captured the attention of the entire poker world. Poker Pro Mike Postle Accused Of Cheating California poker pro Mike Postle found himself at the center of one of the biggest poker stories of the year after he was accused of cheating in the live-streamed cash games of Stones Poker Live. Accusations