The owner of PokerStars merges with the owner of FanDuel and other big online gambling brands. Stones Gambling Hall suspends a controversial stream while poker room investigates the scandal. Check out these stories and more in the Wednesday Hit and Run.
Flutter becomes biggest online gambling company in the world
In a surprise announcement on Wednesday, online gaming behemoth Flutter Entertainment revealed it will undergo a major merger with The Stars Group and with it, will become the world’s largest online gambling operator. The Dublin-based Flutter is the operator of the other well-known gaming brands including Betfair, Paddy Power, Skybet and FanDuel. The $6 billion deal allows Flutter to acquire about 55% of the merged company, a deal that is expected to be completed by Q3 of 2020. The combined company is expected to generate an additional $153 million in profit as a result of the merger.
The deal comes as The Stars Group looks to cast a wider net in the regulated United States market. The Stars Group have launched an online sportsbook, casino and poker room in New Jersey while launching an online sportsbook with FoxBet in PA. FanDuel has also expanded in the regulated United States market with an online sportsbook presence in New Jersey, Pennsylvania and West Virginia. An online poker room and casino is expected soon from PokerStars in PA soon.
Big news today! Flutter Entertainment, formerly Paddy Power Betfair, and The Stars Group, formerly Amaya and formerly PokerStars, have agreed to a merger that will form a gargantuan online gambling company valued at more than £10 billion.https://t.co/PlmUbrKMuM pic.twitter.com/RBFJXjvwa4
— Chad Holloway (@ChadAHolloway) October 2, 2019
Stones Live Poker stream suspended while investigation “expands
While fallout continues from the Stones Live Poker scandal, The Stones Gambling Hall has suspended the stream that is at the center of the scandal involving Mike Postle and his unorthodox winning play which many are alledging looks a lot like cheating. The poker room says that while the stream is offline that it will “expand our multi-faceted investigation with outside experts.”
.@StonesGambling is suspending all broadcast of poker play, including live streaming, while we expand our multifaceted investigation with outside experts.
This investigation will be thorough & detailed. We will report the outcomes when they are available.
— StonesLivePoker (@StonesLivePoker) October 2, 2019
Joey Ingram continues his look at Mike Postle’s play at the Stones Live Poker stream with 6 hours of coverage breaking down the action:
Meanwhile, Doug Polk does his own deep dive in the scandal with his thoughts on the subject:
– The final table of the WPT Maryland at Live! Casino kicked off on Wednesday. Stephen Deutsche started the day as the chip leader and held out right until the end but it was Nitis Udornpim who came out the victor, defeating Deutsch heads-up to win $319,415. Deutsch will take home $202,905 for his second place finish while Jeffrey Colpitts ($64,020) was knocked out first on the day, followed by Robert Mclaughlin ($83,970), Anthony Zinno ($111,415) and Brian Altman ($149,515).
– Pokerfuse continues its sneak peek of the PokerStars Pennsylvania cash games and sit and gos, which look a lot like their offering from New Jersey. While a wide range of sit and gos are expected, Spin and Gos are not expected at launch.
– DraftKings Online Sportsbook looks poised to become among the first online sportsbooks to launch in Indiana. The news came with an announcement today that the top regulated sportsbook will open on Thursday along with sportsbooks from Rush Street Interactive and French Lick Casino. The state of Indiana currently has 13 land-based sportsbooks.
– Wednesday’s featured classic Grinderschool poker training video is part 12 and the conclusion of Elliot & ET’s “Zoom Poker” series. In this episode, Elliot&ET plays Zoom Poker and a table of non-Zoom to discuss topics such as negative equity spots, c-betting and playing against fish.
Best poker videos on the Internet
– Despite being busy with the Stones Live Poker scandal, Jason Somerville joins the Joey Ingram Poker Life Podcast to discuss a variety of topics including the topic of the day:
– Phil Galfond has posted highlights of his stream from the WCOOP $5,200 Main Event last month with action from Day 1:
– Andrew Neeme and Brad Owen are live from a Houston bar where they discuss the scandal as well as the latest meetup game in Houston for a two-hour stream: