..

PokerStars Spokesperson: The $20 Billion Mistake!

Written by:
C Costigan
Published on:
Mar/25/2011
PokerStars

A $20 billion in annual revenue figure quoted on Gambling911.com and other media outlets regarding how much PokerStars takes in yearly is completely erroneous, a PokerStars spokesperson advised us on Friday.

"This information was disseminated from a PR firm we used two months ago and these numbers are completely wrong," a spokesperson for the company told Gambling911.com Friday.  "They completely botched the release up and we are notifying all news organizations of this today."

Major media outlets published the $20 billion figure ahead of news that PokerStars was backing a bill that looks to legalize online poker in the state of Nevada. 

The actual numbers were not immediately available, though Forbes noted PokerStars and its closest competitor Full Tilt Poker likely take in hundreds of millions of dollars annually.   

"That figure is completely off!" the PokerStars spokesperson alerted Gambling911.com.  "They are nowhere near."

Gambling911.com noted after the release of that $20 billion figure, the amount was similar to revenues taken in by Continental Airlines, a US-based carrier now merging with United Airlines.

The falsely stated financials coincided with news that the world’s largest online poker room was teaming up with Wynn Resorts out of Las Vegas.

“We are convinced that the lack of regulation of Internet gaming within the US must change,” said Wynn, chief executive of Las Vegas casino company Wynn Resorts, in a statement. “We must recognize that this activity is occurring and that law enforcement does not have the tools to stop it.”

A press release in fact was disseminated Friday morning from PokerStars PR firm quoting the $20 billion figure (as shown in the screen shot below).  That release has since been taken down as PokerStars tells Gambling911.com they have been in contact with webmasters and media outlets all day to inform them of the incorrect numbers. 

We're sure the PR firm gets paid a pretty penny on PokerStars behalf and the world's largest online poker enterprise can't be happy.  They expressed so much to us this afternoon. 

 

- Christopher Costigan, Gambling911.com Publisher

Follow us on Twitter for all the latest breaking gambling news

Follow us on Facebook.  Become a fan here.

 

 

Follow us on Twitter for all the latest breaking gambling news

Follow us on Facebook.  Become a fan here.

Poker News

High-Stakes Poker Player and Fraudster Found Guilty of Kidnapping

High-Stakes Poker Player and Fraudster Found Guilty of Kidnapping

He was also indicted recently for the murder of French high-stakes cash game player Cyril Mouly's driver, and his ex-father-in-law.

Poker Pro Layne Flack Dead

Poker Pro Layne Flack Dead

Flack was a six-time World Series of Poker bracelet winner and just 52 years old at the time of his passing.

G911 World Exclusive: Matusow Doubts He Caught Covid at UFC 264

G911 World Exclusive: Matusow Doubts He Caught Covid at UFC 264

In an exclusive interview with Gambling 911, Matusow revealed that he was at a local event on July 8 that combined poker and politics, and that may have caused the problem.

Popular TwoPlusTwo Forum Has Been Sold

Popular TwoPlusTwo Forum Has Been Sold

The popular but extremely outdated and mobile unfriendly TwoPlusTwo poker forum has sold for an undisclosed amount.  TwoPlusTwo is the oldest gambling posting forum on the Net today.

The Mouth Continues to Deal With Covid Symptoms

Despite being vaccinated, poker pro Mike "The Mouth" Matusow continues to battle Covid-19.

Syndicate