Mark Scheinberg just became one of the world’s youngest billionaires after agreeing to sell PokerStars.
Source: ©iStock.com/MariuszBlach
The 40-year-old is selling the Rational Group — the parent company of PokerStars and Full Tilt Poker
— to Amaya Gaming for $4.9 billion. Scheinberg’s father is currently under indictment in the U.S. for allegedly violating the Unlawful Internet Gambling Enforcement Act.
Mark Scheinberg is the CEO of the Rational Group and he owns 75% of the company. Amaya will pay shareholders $4.5 billion and an additional $400 million deferred over three years if a certain level of performance is met.
Scheinberg is set to walk away with $3.6 billion as he plans to leave PokerStars behind after collecting his share.
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