TORONTO, Feb. 20, 2018 /CNW/ - The Stars Group Inc. today announced the completion of the FRESH (France Espania Hold'em) Series, PokerStars' first joint tournament series offered to both French and Spanish players following the launch of the shared player pool between the two previously ring-fenced markets. The FRESH Series beat guarantees and attracted thousands of French and Spanish players to PokerStars' online tables.
The series ran from January 28 to February 11 and saw more than 30,000 unique entries and a total prize pool of €6,149,751 across 50 scheduled events, which exceeded the €5 million prize pool guarantee.
The FRESH Series Main Event winner also received a Platinum Pass, worth around $30,000, giving the winner a free-ride to the previously announced PokerStars Players No Limit Hold'em Championship (PSPC). The PSPC takes place in the Bahamas in 2019 and The Stars Group expects it to be the largest $25,000 buy-in poker tournament in poker history. The Stars Group is giving away a total of $8 million worth of Platinum Passes and an additional $1 million for the overall winner at the PSPC.
"It was great to see French and Spanish players challenging each other on the virtual felt," said Rafi Ashkenazi, Chief Executive Officer of The Stars Group. "The success of the FRESH Series is an encouraging start as we look forward to extending the shared player pool to Italy and Portugal in the future."
Regulators in Italy have reiterated and those in Portugal have recently confirmed their respective intentions to join the shared market with France and Spain. The Stars Group intends to seek approval to enter into such shared player pool markets if and when they become available.
About The Stars Group
The Stars Group is a leading provider of technology-based products and services in the global gaming and interactive entertainment industries. Through its Stars Interactive Group gaming division, The Stars Group ultimately owns gaming and related consumer businesses and brands, including PokerStars, PokerStars Casino, BetStars, Full Tilt, and the PokerStars Festival, PokerStars MEGASTACK, PokerStars Caribbean Adventure, European Poker Tour, Latin American Poker Tour and the Asia Pacific Poker Tour live poker tour and event brands. These brands together have millions of registered customers globally and collectively form the largest poker business in the world, comprising online poker games and tournaments, sponsored live poker competitions, marketing arrangements for branded poker rooms in popular casinos in major cities around the world, and poker programming and content created for television and online audiences. The Stars Group, through certain of these brands, also offers non-poker gaming products, including casino, sportsbook and daily fantasy sports. The Stars Group, through certain of its subsidiaries, is licensed or approved to offer, or offers under third party licenses or approvals, its products and services in various jurisdictions throughout the world, including in Europe, both within and outside of the European Union, the Americas and elsewhere. In particular, PokerStars is the world's most licensed online gaming brand, holding licenses or related operating approvals in 17 jurisdictions.
Cautionary Note Regarding Forward Looking Statements and Other Information
This news release may contain forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements can, but may not always, be identified by the use of words such as "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "would", "should", "believe", and similar references to future periods or the negatives of these words and expressions. These statements are based on management's current expectations and are subject to a number of risks, uncertainties, and assumptions. There can be no assurance that actual results will not differ materially from those expressed or implied in forward-looking statements. Undue reliance should not be placed on forward-looking statements. Please refer to The Stars Group's most recent annual information form and annual and interim financial statements and management's discussion and analysis for more information about the factors, assumptions and risks that may apply to The Star's Group's forward-looking statements. Each forward-looking statement speaks only as of the date hereof, and The Stars Group undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.
SOURCE The Stars Group
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