Online Poker Could Have a U.S. Renaissance After $4.9 Billion Deal

Isai and Mark Scheinberg, the father-son duo that helped pioneer online poker, have decided to fold.

In doing so, they may have helped pave the way for a return to the glory days of online poker in the U.S.

Oldford Group has agreed to sell popular U.S. online cardrooms PokerStars and Full Tilt Poker to Canada's Amaya Gaming Group for $4.9 billion in cash. The acquisition makes Amaya the world's largest online gambling company.

The deal is expected to pave the way for the two pokers brands to regain entry to the U.S. market that they had previously dominated Read more...