Tuesday August 30, 2016 at 1:32 pm
SCOOP

David Einhorn, founder of Greenlight Capital, purchased nearly 4 million shares of Amaya stock (or approximately $53 million worth of stock at $13.77 per share). The altruistic hedge fund manager has a positive outlook on Amaya's future as a gaming company that already has verticals set up in poker, casino gaming, sports betting and daily fantasy sports. Einhorn is an avid poker player who holds his own against the biggest sharks in Vegas. Although the billionaire does not play in many WSOP events, whenever he goes deep, he always donates any winnings to charity. He donated over $5 million of his WSOP poker winnings which he earned from his deep runs at the 2006 Main Event and the 2012 One Drop. Einhorn finished in third place at the 2012 One Drop, which paid out $4.3 million… and Einhorn gave it all away.

Einhorn David
Billionaire hedgefunder David Einhorn made a big bet on PokerStars

One of the biggest and brightest hedge fund managers in the world just made a huge bet on PokerStars. David Einhorn, founder of Greenlight Capital, always makes waves in the investing world whenever his colleagues and the rest of the Street find out what companies he's betting big on and which companies he soured on. In 2016, Amaya Gaming is one of the Top 10 stocks on Einhorn's radar…despite all the bad news coming out of Canada. Einhorn has a positive outlook on the future growth of Amaya Gaming, particularly PokerStars and its verticals such as StarsDraft, BetStars, and PokerStars Casino.

Einhorn backed up his assertion with a massive bet on PokerStars. Einhorn purchased 3.9 million shares of Amaya Gaming (AYA) at $13.77 a share. His nearly $53 million stock purchase is an investment in the future of PokerStars and Amaya Gaming's multiple revenue streams with sportsbetting, DFS, and overall online casino wagering.

Einhorn's Greenlight Capital is one of the most lucrative hedge funds in the world. Einhorn is batting over 1,902% over the lifetime of his fund since its inception in 1996. Last year, 2015, was a rare down year for Greenlight Capital (down 20%), but even with the dismal year Greenlight still averages an annual return of over 16%. So in one sense, you have to think Einhorn knows what he's doing. Then again, to put the Amaya stock purchase in perspective, it was one of many other stocks Einhorn added to Greenlight's portfolio in the second quarter of 2016. In addition to Amaya (AYA), according to The Street… Einhorn also picked up shares in Calpine (CPN), Rite Aid (RAD), Perrigo (PRGO), AmerisourceBergen Corp. (ABC), Arris International (ARRS), FMC (FMC), Amerco (UHAL), Hertz (HTZ), and Liberty Global LiLAC Group Class C Shares (LILAK).

Will Einhorn have enough clout as a share holder to help shape the future of the company? Time will tell. Keep an eye out to see if he buys more shares, or dumps them.

Einhorn is also a high-stakes poker player and can more than hold his own against the biggest sharks in Vegas. He once won a side event at Foxwoods during the height of the poker boom back in 2006. Einhorn made a splash at the 2006 WSOP Main Event with a deep run and an 18th place finish out of 8,773 runners. In the year that Jamie Gold won the Main Event, Einhorn donated all of his nearly $660K in winnings to charity. That's when he was first dubbed the “Wall Street's Robin Hood of Poker.” Einhorn made another big run at the 2012 WSOP One Drop. He plunked down $1 million to buy into the One Drop. Einhorn finished in third place and Antonio Esfandiari went on to defeat Sam Trickett heads-up for the One Drop title. But Einhorn quietly donated his third place prize of $4.3 million to charity. Einhorn's last major cash occurred at the 2014 WSOP when he finished in 173rd place in the Main Event.

The Motley Fool, investor magazine

Amaya has the ability to generate large amounts of cash, and its casino business is growing nicely, although somewhat at the expense of poker. The company also has more than US$500 million in cash.

But at the same time, there are question marks. The company has lots of debt, including convertible preferred shares that could potentially dilute current shareholders significantly. There's still the insider-trading overhang, even if that's reduced compared to before. And continued strength in the U.S. dollar could make results look worse than they really are.

Ultimately, Amaya is still risky, but Einhorn is on to something. If things go right, Amaya shares could be much higher in a few years.

Latest news
Wednesday August 21, 2019 at 7:46 pm
2019 WCOOP begins September 5, schedule released by PokerStars

The 2019 World Championship of Online Poker (WCOOP) kicks off on September 5, 2019 and runs through September 23 with 73 events. Each event has three tiers of buy-ins, except the Main Event which has two tiers. Event #70-L Main Event has a $55 buy-in and $1.25 million guarantee. Event #70-H has a $5,200 buy-in and a $10 million guarantee. The 2019 WCOOP includes four UFC-branded events, plus a first-ever charity event.

Monday August 19, 2019 at 3:16 am
Lucas Zaskodny wins partypoker LIVE EUROPE Main Event

The 2019 partypoker LIVE EUROPE Main Event has come to a close. Czech Republic's Lucas Zaskodny outlasted 504 players to win a cool million (USD) or €906,770 per terms of his heads-up deal with Josef Snejberg. French pro Romain Lewis took third place. Team partypoker pro Roberto Romanello, Sam Grafton and Charlie Carrel also made the final table in RozVegas.

Wednesday August 14, 2019 at 10:37 pm
Orpen Kisacikoglu wins Triton Super High Roller at partypoker LIVE MILLIONS Europe

Turkey's Orpen Kisacikoglu outlasted a field of 32 runners to take down the Triton Super High Roller €100K at the partypoker LIVE MILLIONS Europe event in RozVegas. The €100K final table also included partypoker Pro Kristen Bicknell, Vladimir Troyanovksiy, Ben Heath, Wai Kin Yong, and Cary Katz. Kisacikoglu banked a cool million in Euros.

Wednesday August 7, 2019 at 2:26 pm
Wai Kin Yong wins Triton Series £100,000 NL Main Event in London

The 2019 Triton Super High Roller Series London continued with the £100,000 NL Main Event championship. The Main Event attracted a record-smashing 130 runners. The tough final table included Jungleman, Stephen Chidwick, Michael Chi Zhang, Sam Greenwood, Mike Soyza, Ben Heath, Paul Phua, and Wai Kin Wong. The top two chopped, but Wai Kin Yong eventually defeated Phua heads up for the title and the cash for £2,591,695 or approximately $3.15 million USD.

Sunday August 4, 2019 at 6:21 pm
Aaron Zang wins Triton Million for Charity in London

Aaron Zang won the richest tournament in the history of poker when he defeated Bryn Kenney heads up and overcame a 5-1 deficit to win the million dollar buy-in 2019 Triton Million in London. Zang and Kenney made a heads-up deal, so Kenney actually banked more as a second-place finisher with nearly £16.9 million. With over $55.5 million in earnings, Kenney took over first place in the all-time money winner list according to Hendon Mob.

Saturday August 3, 2019 at 12:27 pm
Vivek Rajkumar leads final table at 2019 Triton Million London

After two long days of action, the £1,050,000 buy-in Triton Million is down to its final table. Vivek Rajkumar leads the final eight that also includes Stephen Chidwick, Tim Adams, Bryn Kenney, Alfred DeCarolis, Aaron Zang, Dan Smith, and Bill Perkins. First place pays out £19 million in this charity event that raised £2.7 million for a Helping Hand Charity.

Thursday August 1, 2019 at 4:41 pm
Triton Million London live stream

The 2019 Triton High Roller Series in London features the Million for Charity, a £1,050,000 million buy-in event with portion of the pool set aside for charity. Day 1 is underway in this invite only event with a mix of high-stake rec players and high-stakes ballers. This event had 54 players with only the top 11 places getting paid out and £19,000,000 to first place. At least £2.7 million got raised for charity.

Monday July 29, 2019 at 4:24 pm
RIP Mad Marty Wilson

The poker community, especially in Great Britain and Europe, is saddened at the loss of one of the biggest characters in the game. Mad Marty Wilson made a splash on television poker in the UK around the turn of the century, which helped usher in a British poker boom. Wilson passed away on Friday after a six-month bout with cancer.

Friday July 26, 2019 at 2:09 pm
Roger Teska wins 2019 WPT Gardens Poker Festival

The new season of the World Poker Tour kicked off with the WPT Gardens Poker Fest at the Gardens Casino outside of Los Angeles. This year's $5K buy-in event attracted 373 runners and a prize pool worth $1.75 million. The final table included Cord Garcia, Andy Wisdom, Roger Teska, Lior Orel, Lars Kamphues, and Laszlo Molnar. Maria Ho missed the final table by a couple of spots when she busted in eighth place. Roger Teska rallied from a huge heads-up deficit to defeat Laszlo Molnar and win the WPT Gardens. Teska banked $368K.

Thursday July 25, 2019 at 12:51 am
Dan Bilzerian on True Gordie: Shrooms, LAG, and Instagram Sexcapades

The latest episode of True Gordie Podcast featured Instagram star and poker player Dan Bilzerian. He normally hates interviews but sat down with True Gordie to discuss life as an Instagram baller and fleecing some rich dude for $50-plus million because his opponent thought he was a dumb trust fund kid.

Monday July 22, 2019 at 9:11 pm
2019 WSOP Player of Year: Robert Campbell Leads, Shaun Deeb in Second

The 2019 World Series of Poker is complete and Australian pro Robert Campbell is leading the Player of the Year race over last year's champ Shaun Deeb. Deeb is second overall with ten more events schedule for this October at the 2019 WSOP Europe at the King's Casino in RozVegas. Dan Zack, Daniel Negreanu, and Phil Hui round out the top 5 in the POY.

Thursday July 18, 2019 at 4:56 pm
Chris Moneymaker and David Oppenheim inducted into 2019 Poker Hall of Fame

The 2019 World Series of Poker announced the newest class of inductees into the Hall of Fame. Chris Moneymaker and David Oppenheim got nods this year. They were the only two recognized on a ballot of ten possible candidates that also included Antonio Esfandiari, Huck Seed, David Chiu, Eli Elezra, Jesus Ferguson, Ted Forrest, and Mike Matusow.

Wednesday July 17, 2019 at 9:18 am
Breaking News
Germany's Hossein Ensan wins 2019 WSOP Main Event and $10 million

The 2019 World Series of Poker Main Event Championship concluded at the Rio Casino when Germany's Hossein Ensan defeated Italy's Dario Sammartino heads up to win $10,000,000 and the coveted Main Event bracelet. Three players began Day 10 with Ensan holding a sizable lead. Canada's Alex Livingston busted in third place for a $4 million score. After 101 hands of heads-up action, Sammartino banked $6 million for a runner-up consolation prize. Ensan, 55, became the oldest Main Event Champ since Noel Furlong in 1999.

Tuesday July 16, 2019 at 6:55 am
2019 WSOP Main Event: Hossein Ensan leads final three with 326M

The 2019 WSOP Main Event continued with Day 9 action that saw the returning five players play down to the final three. Germany's Hossein Ensan began the day with the big stack and by the end of Day 9, he retained the lead with 375M. On Day 9, Chicago Cubs superfan Kevin Maahs busted in fifth place and Garry Gates got picked off in fourth place. Alex Livingston is second in chips, while Italian pro Dario Sammartino is the short stack. They return on Tuesday to play down to a champion.

Monday July 15, 2019 at 6:07 am
2019 WSOP Main Event: Hossein Ensan leads with 5 to go

The 2019 WSOP Main Event final table played down from nine to five players on the first of three days of action. Two players busted in the first 11 hands and four players were eliminated overall including Zhen Cai, Nick Marchington, Tim Su, and Milos Skrbic. At the end of Day 8, Hossein Ensan continued to hold the lead with 207.7 million, while Garry Gates was not far behind with 171.7 million.

Free tournaments and added prizes

The Club Poker organizes freerolls and special tournaments with added prizes.
To qualify for free, register on our poker partners websites:

Tournaments Club Poker
6-MAX
$2.20
Big Poker League
Thursday August 29, 2019 at 7:04 pm
$125 added