Hey guys i was wondering that how pokerstars manage to launch events like 10 million guranteed
Million dollar every week. Who funds these poker site.
I dont think only user rake is enough to make rhis much money. :deal:
Well, firstly, they do not launch 10M events every week, you probably meant Sunday Millions. The biggest I saw was over 11M in the recent WCOOP main event and similar events take place, may be, several times a year. Stars don't need to fund them, they actually earn decent money from them. Solely, Sunday Million brings them over 75K revenue a week, because the field of players usually exceeds the guaranteed amount. The same happens with most of other tournaments with looong late registration ;-)
Secondly, the article mentions huge revenues, but not net profits, which are different things. And we should also not forget about high taxes applied in the
gambling industry, even though they might be registered in some offshore jurisdictions )
So, actually players themselves fund those big million events, Stars only arrange the required space and earn their fees [emoji383] [emoji383] [emoji383]
Even if they announce and properly promote a 50M tournament, there will be enough volunteers to make it happen without serious exposure )