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Ramon Colillas Turns Free Entry Into $5.1 Million as Winner of Record-Breaking PokerStars Players Championship

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PokerStars makes six new millionaires

PokerStars (Nasdaq: TSG) (TSE: TSGI), the flagship poker brand of The Stars Group, announced today that Ramon Colillas from Barcelona, Spain, won $5.1 million and was crowned the winner of the PokerStars Players No-Limit Hold’em Championship (PSPC), the richest and biggest-ever $25,000 buy-in poker tournament.

Colillas won free entry into the tournament as part of a PokerStars global promotion that awarded 320 people a $30,000 Platinum Pass package, which in addition to free entry, covered travel and hotel accommodations at the Atlantis Resort & Casino in the Bahamas. Colillas topped a field of 1,039 players that produced a record-breaking total prize pool of $26,455,500 and attracted players from all over the globe. As part of the total pool, PokerStars added an extra $1 million to the first-place prize.

PokerStars awarded the 30-year old Spanish native a Platinum Pass after he topped the Campeonato de España de Poker leader board based upon his successful tournament play in a series of PokerStars-sponsored tournaments in Spain. The former fitness trainer converted to a professional poker player at the age of 24.

“A lot of players were saying this was the most important tournament in history, so now it’s only about happiness and enjoying the moment,” Colillas said moments after his win.

Ramon Colillas Turns Free Entry Into $5.1 Million as Winner of Record-Breaking PokerStars Players Championship. Photo credit: Neil Stoddart and Rational Intellectual Holdings Ltd.

The runner-up was 26-year-old professional poker player Julien Martini from Paris, France, winning an impressive $2,974,000. Julien was a very composed contender and had attempted to win a Platinum Pass last year in the €1,100 EPT Barcelona National Event, just missing out on the Platinum Pass, but still winning €323,000 for coming in second.

Platinum Pass winner Marc Rivera from The Philippines came in third place with $2,168,000. The 45-year-old won his ticket at the APPT Manila National Main Event with what was then his biggest live cash win. After being introduced to the game 12 years ago by his brother Ashley, who told Rivera he was “going to love it”, the engineer (at the time) has been playing ever since. When not on the felt, Rivera enjoys basketball, watching TV series and spending time at home with his family, playing with his son and daughter.

Not only has Colillas become a millionaire, but five other final table players have also joined the club. The eight-handed final table included US poker pro Scott Baumstein who started amassing live tournament cashes in 2009 and has accrued over $1.9 million in winnings over the past decade, Jason Koonce who had two reported live cashes worth a total $6,426Marc Perrault who has had a string of hefty online and live cashes dating back to 2012, Farid Jattin, a regular fixture on the live tournament circuit across the United States and who is leading the Colombian all-time money list with over $2.9 million in winnings, and Talal Shakerchi, a businessman from London who has over $6 million in winnings to date. The players all took home cash winnings between $509,000 and $2.1 million for their efforts.

The PSPC made it into the history books with a total prize pool of $26,455,500 awarded to 181 players, smashing the previous $15,495,750 prize pool record for a $25,000 event. Of the Platinum Pass holders, 43 collectively cashed in for nearly $9.8 million, including Jacqueline Burkhart from the United States with $86,400Atanas Pavlov from Bulgariawith $105,000 and Ireland’s Sven McDermott with $69,100.

PokerStars Director of Poker Marketing, Eric Hollreiser said, “We couldn’t have scripted a better outcome for the tournament and PokerStars congratulates Ramon and all of the competitors for making this an historic event. Ramon’s victory is a reminder that with a dream, some talent and a little luck, poker can change your life. We’re proud to have created a special experience for more than a thousand players, but especially for those like Ramon who had never previously dreamed of playing in such a tournament.”

The poker fun doesn’t stop despite the conclusion of the PSPC. The PokerStars Caribbean Adventure (PCA) continues with events including the $10,300 buy-in PCA Main Event, $25,000 buy-in PCA High Roller, $100,00 buy-in PCA Super High Roller and $1,100 PCA National. Live updates from the Super High Roller can be read on the PokerStars Blog now and will be live-streamed on PokerStars TV on January 11 and 12.

To keep up to date with all live reports from the PCA visit the PokerStars Blog or watch the live stream daily from 12:30 ET and 13:30 ET on January 16 at PokerStars.TV.

Find out more about Colillas’ win on the PokerStars Blog.

For further information, please contact press@pokerstarslive.com

About PokerStars

PokerStars operates the world’s most popular online poker sites, serving the global poker community. Since it launched in 2001, PokerStars has become the first choice of players all over the world, with more daily tournaments than anywhere else and with the best online security. More than 182 billion hands have been dealt on PokerStars, which is more than any other site.

The Stars Group owns or licenses gaming and related consumer businesses and brands, including PokerStars, PokerStars Casino, BetStars, Full Tilt, Sky Bet, Sky VegasSky Casino, Sky Bingo, Sky Poker and BetEasy as well as live poker tour and event brands, including the PokerStars Players No Limit Hold’em Championship, European Poker Tour, PokerStars Caribbean Adventure, Latin American Poker Tour, Asia Pacific Poker Tour, PokerStars Festival and PokerStars MEGASTACK. The Stars Group is one of the world’s most licensed online gaming operators with its subsidiaries collectively holding licenses or approvals in 21 jurisdictions throughout the world, including in EuropeAustralia, and the Americas.

 

 

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Ramon Colillas Turns Free Entry Into .1 Million as Winner of Record-Breaking PokerStars Players Championship

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UNITE HERE Warns About Potential Gaming Tax Revenue Declines, Job Cuts, and Other Problems of Proposed Merger of Eldorado Resorts and Caesars Entertainment

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Eldorado Resorts and Caesars Entertainment jointly announced a proposed transaction to combine the two corporations, pending shareholder and regulatory approvals. The deal is to be based on $7.2 billion of new debt financing and $500 million of cuts and other “synergies.” UNITE HERE, the hospitality workers union, represents approximately 25,000 workers at Caesars and Eldorado properties.

UNITE HERE-represented union casinos accounted for approximately 68% of the pro forma $30 billion combined Caesars-Eldorado EBITDAR in 2018. These 22 UNITE HERE union casinos altogether include over 50% of the combined company’s total hotel rooms, over 30% of its total slots, and nearly 40% of its total table games. UNITE HERE locals are currently in contract negotiations with Eldorado at Circus Circus Reno and Isle Pompano Beach. Contracts at six additional UNITE HERE union casinos in the combined Caesars and Eldorado portfolio will expire in 2020, including four properties in Atlantic City.

UNITE HERE issued the following statement from President D. Taylor:

“UNITE HERE has had a positive relationship with Caesars Entertainment over the years, and 25,000 union members have been excited to help the company reinvest and rebuild as it recovers from the disastrous leveraged buyout led by Apollo and TPG. It is in this context that we approach the proposed sale of the company with great concern.

Yesterday, Eldorado announced cost-savings of $500 million in the first year of the combined company. Where are they going to cut? We will not stand by idly if the proposed Caesars-Eldorado transaction will lead to significant job losses, worse wages and benefits for our members, and lower state gaming tax receipts in the many communities where members we represent work and live. Casinos operating under privileged licenses are meant to create significant benefits for host communities, including family-sustaining jobs and local government funding based on gaming taxes.

We will support changes at Caesars that preserve the company’s long-term financial health and provide a sustainable path to good jobs in vibrant gaming markets across the country.”

2018, 7,700 UNITE HERE members went on a multi-city strike at Marriott hotels across the United States and won historic settlements in Boston, Detroit, San Francisco, San Jose, Oakland, San Diego, and Hawaii.

UNITE HERE represents over 300,000 hospitality workers in gaming, hotel, and food service industries in North America and provides analysis from the perspective of those who work in these industries.

 

Source: UNITE HERE

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: UNITE HERE Warns About Potential Gaming Tax Revenue Declines, Job Cuts, and Other Problems of Proposed Merger of Eldorado Resorts and Caesars Entertainment

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UK NHS to Open Gambling Clinic for Children

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The UK’s NHS is going to open its first gambling clinic for children.

According to the Gambling Commission, there are 55,000 children classed as having a gambling problem in Britain. The Commission also found that a total of 450,000 are gambling regularly.

“This action shows just how seriously the NHS takes the threat of gambling addiction, even in young people. The links between problem gambling and stress, depression and mental health problems are growing and there are too many stories of lives lost and families destroyed,” Simon Stevens, the NHS England chief executive said.

The move was welcomed by Carolyn Harris, the Labour MP for Swansea East, who said attitudes around problem gambling was at last shifting. “For too long the industry has dismissed problem gambling but now is the time for polluters to pay,” she said.

“The clinic will open as part of a new network of services for addicts being rolled out as part of the NHS Long Term Plan. Specialist face-to-face NHS treatment for gambling addiction has only been available in London but is being made available across the country as part of the new strategy,” NHS England said.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: UK NHS to Open Gambling Clinic for Children

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Mobile Betting Bill Fails to Progress Through New York Assembly

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Senator Joseph Addabbo’s mobile betting bill has failed to progress through the New York Assembly. The legislative session saw S17 fail to progress beyond the Assembly Standing Committee on Codes.

Addabbo tweeted that he saw no clear reason why the state could not implement mobile sports betting in 2019. Failure to do so would see the state miss out on around $75m in revenue, funding for education, and both job creation and retention.

“NY will be stuck like a disabled car on the shoulder, while we allow an illegal sports betting business in our state thrive and idly watch other neighboring states pass us up with enormous revenue gains from mobile sports betting,” Addabbo said.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Mobile Betting Bill Fails to Progress Through New York Assembly

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