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PokerStars CEO Mark Scheinberg Is One of the Youngest Billionaires Now

Scheinberg's father is currently under indictment in the U.S.


Mark Scheinberg just became one of the world’s youngest billionaires after agreeing to sell PokerStars.

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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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Article printed from InvestorPlace Media,

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