A former IBM Canada programmer founded the site that became the world's largest poker room, survived Black Friday, sold for $4.9 billion and, in 2020, settled the last open case from the 2011 indictments.
Born
Vilnius, Lithuania, mid-1940s
Before poker
Senior programmer, IBM Canada
Company
PokerStars, founded with son Mark
Five on the board: the latest storiesFlop · Turn · River
The latest poker news, newest first. Poker tournament results are reported with the field, the buy-in and the payout as the organiser published them, alongside the business and regulation stories that decide where Americans can play online. For older reports and the full archive of poker tournament results, open the news desk.
Latest stories across every desk, newest first
Date
Desk
Story
Players
Jason Alexander and Poker: The Seinfeld Star at the WSOP TablesJason Alexander won $500,000 for charity on Celebrity Poker Showdown and later outlasted most of the field in the WSOP Main Event. The man who played George Costanza takes the game seriously.
Who Is Dan Bilzerian? Flashy, Controversial Face of Celebrity PokerDan Bilzerian built one of the largest followings in social media on a poker-player image. The public record behind it is one tournament cash, a string of lawsuits and a business that ended up in federal court.
Gus Hansen Career and Net Worth: The Great Dane's Poker LedgerGus Hansen was the face of the first World Poker Tour seasons, a Dane who raised with hands others folded. His tournament record is famous, and so are the online losses that followed it.
Player files cover careers rather than single hands: titles with their year, live earnings with the date they were counted, and the businesses some players built away from the table. Each profile shows where its net-worth estimate comes from.
Antanas Guoga made his name as the loudest man at the televised poker table, then took a seat in the European Parliament. Estimates of the Tony G poker net worth figure rest on poker, business and a public life.
In the summer of 2025 Michael Mizrachi won the two WSOP titles professionals rate highest, the $50,000 Poker Players Championship and the Main Event. Twenty years of results led up to it.
Brad Owen moved to Las Vegas in 2012 with a $10,000 bankroll and an accountant's habits. A decade later he co-owned the biggest card room in Texas and ran the most watched vlog in poker.
If you are learning, start with the vocabulary and the rules. The glossary groups terms by situation, and the variant guides show how one rule change, such as a third hole card, changes which hands are worth playing.
Five terms you will hear first
Continuation bet (c-bet)
A bet on the flop by the player who made the last raise before the flop, whether or not the board helped.
Check-raise
Checking to an opponent and then raising after they bet. It is used both with strong hands and as a bluff.
Button
The dealer position. The player on the button acts last after the flop, which is why it is the most profitable seat.
Straddle
An optional blind bet, usually twice the big blind, posted before the cards are dealt. It buys the right to act last before the flop.
ICM
The Independent Chip Model, which converts tournament chip stacks into a share of the remaining prize money.
Every player receives three private cards instead of two. Blinds, button and betting rounds work as in Texas Hold'em.
2. One discard
In standard Pineapple the extra card is discarded before the flop. In Crazy Pineapple the discard comes after the flop betting round, and in Lazy Pineapple only at showdown.
3. Stronger showdowns
With more cards seen, winning hands run higher than in Hold'em. One pair rarely holds up, and drawing to the second-best flush is expensive.
Every live game has a price. The table below shows the main ways card rooms charge for a seat; the rake guide compares structures in detail and shows how to work out what a game actually costs you per hour.
Swipe the table
Typical ways card rooms charge for cash games and tournaments. Exact rates differ by room and state; check the posted rake before you sit down.
Model
Where you meet it
How it is charged
Pot rake with cap
Most US casino cash games at low stakes
A percentage of each pot, usually around 10 percent live, up to a fixed cap per hand
No flop, no drop
Common rule alongside pot rake
No rake is taken when a hand ends before the flop
Jackpot drop
Many US rooms with bad-beat or high-hand promotions
A small fixed amount taken from qualifying pots to fund the promotion
Time collection
Higher-stakes live games and some card clubs
Each player pays a flat fee per half hour, whatever the pots
Seat or membership fee
Texas social poker clubs
Players pay for membership and time at the table; pots are not raked
Tournament fee
Live and online tournaments
A fee added to the buy-in, for example a 1,000 dollar event at 1,100 dollars
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Poker news and the game: questions
Where can I follow the latest poker news?
The news desk on this site lists the latest poker news newest first, with tournament reports, industry deals and regulation stories. Each report carries the date of the event it covers.
What are the biggest poker tournaments of the year?
The WSOP Main Event in Las Vegas each July is the largest by field, with fields of around ten thousand players in recent years. The highest buy-ins are found on the Triton Super High Roller Series and in events such as the Super High Roller Bowl.
How do I read poker tournament results?
A result lists the event, the buy-in, the number of entries, the prize pool and the payouts by finishing place. Re-entries are counted as separate entries, so the field can be larger than the number of different players.
Which poker players have won the most money?
On the live all-time money list the leaders are high-roller regulars, with several players above 50 million dollars in recorded cashes. These are gross tournament winnings, not profit.
What is the difference between rake and a time charge?
Rake is a percentage taken from each pot, usually up to a cap. A time charge is a flat fee each player pays per half hour or hour, common at higher stakes, where pot rake would be very expensive.