Do we know how rich poker sites are?

[oskarsbaumanis2]

I think it might be interesting if 3,000,000,000 dollars is a correct guess like on pokerstars
Those who love their poker site will always want it to be rich etc

 

[thwenth1983]

Good morning everyone, as a general rule, the vast majority of poker sites also offer casino games and sports betting.

The profit that sites make from poker alone is not enough to maintain the site along with all the equipment and staff.

99% of the sites' profit comes from casinos and sports betting, the site operates online and offers these games in many countries.

The profit that sites make from poker alone is very small compared to the profit generated from casinos and sports betting.

 

[dreamer13]

All poker rooms without exception earn only on rake - this is a commission that is charged from any discipline: cash games, tournaments and Spin&Go. As a rule, this percentage varies from 2% to 10% of the deposit amount.The average poker room can bring in thousands or hundreds of thousands of dollars per month.

 

[flail1]

In2019, PokerStars net worth was put at $6 billion...so "there is money in them thar hills"

 

[recerveau]

I don't think they even let this type of information leak.

 

[Nafor]

There is about 290 million outstanding shares of Stars Group Inc, individual stock is roughly $37 CAD. Their market cap is 10.85B

https://www.investing.com/equities/amaya-gaming-group-inc

 

[LUKADONCICMVP]

very rich they are huge scammer rake promotions scam on deposit fee like ggpoker take 1$ every cashout etc, charge higher dollar conversion etc

 

[Poker Orifice]

very rich they are huge scammer rake promotions scam on deposit fee like ggpoker take 1$ every cashout etc, charge higher dollar conversion etc

this is only a concern if you are winning & then $1 processing fee isn't really much to be concerned about.

 

[Flyer35]

Pokerstars parent company used to be listed on the stock exchange(s). I haven't followed them in a while but it seems to me they weren't that high performing.

 

[oskarsbaumanis2]

Does anyone know how many people work at PokerStars and how much they earn?

 

[Nafor]

Does anyone know how many people work at PokerStars

The above link shows 4591 employees.

 

[La reytor]

I can tell you that it is a very popular and successful online poker site. It is owned by Flutter Entertainment, a large publicly traded company. It is important to remember that financial information about private companies is often not publicly available.

 

[oskarsbaumanis2]

It's interesting how many countries played pokerstars in the good old days when everyone could play, including the USA and it's interesting how many countries can't play anymore etc does anyone know when and how many countries will join pokerstars and how many countries will be closed in the near future