Mark Scheinberg

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Mark Scheinberg
Born1973 (age 44–45)
Israel
ResidenceIsle of Man
NationalityIsraeli-Canadian
OccupationInvestor
Net worth$4.8 billion (March 2018)[1]
Parent(s)Isai Scheinberg

Mark Scheinberg (born 1973)[1] is an Israeli-Canadian businessman and investor with investments in various sectors including real estate and luxury hospitality. He is the co-founder and former co-owner of the online gambling company PokerStars, which was sold in 2014 to Amaya Gaming for $4.9 billion.[2]

Early life[edit]

Mark Scheinberg was born in Israel in 1973, moving to Toronto, Canada at the age of 13 with his family.[1] They settled in the Toronto neighborhood of Richmond Hill in the 1980s.[3]

Career[edit]

In 2001 Scheinberg founded PokerStars with his father Isai Scheinberg, a computer programmer.[1][4] During his tenure as CEO, PokerStars became the world’s largest online poker business and host to the world’s largest online tournament series,[5] acquiring the Full Tilt Poker brand in 2012.[6] In August 2014,[7] Oldford Group Ltd,[8] the PokerStars parent company, was acquired by the Canadian publicly listed company Amaya Gaming Group for $4.9 billion. Upon completion of the sale, Scheinberg exited the PokerStars group.[2] According to Forbes, Scheinberg has a net worth of $4.8 billion as of June 2018.[1] As of May 2017, Scheinberg was the richest person on the Isle of Man.[9]

Via his investment company Mohari Hospitality,[10] in early 2017 Scheinberg became a major investor in Centro Canalejas Madrid, a real estate project in Madrid, Spain.[4] Mohari purchased a 50% stake in the Centro for €225 million from the Grupo OHL subsidiary OHL Desarrollos and the industrial group Villa Mir, who both also retained stakes.[11] With an opening date set for 2019,[10] the project involves the restoration of seven historic[1] adjacent buildings[4] for residential, hotel and commercial use. With a large amount of retail space, the complex will also house the first Four Seasons hotel in Spain,[10] and create 4,800 positions.[12]

In September 2017, a Canadian subsidiary of Mohari Hospitality acquired the Thompson Toronto hotel in downtown Toronto, Ontario.[13] The "boutique" hotel[14] has 105 rooms, event space, and restaurants and lounges.[15]

Personal life[edit]

Scheinberg is single and lives in the Isle of Man.[1]

References[edit]

  1. ^ a b c d e f g "Mark Scheinberg". Forbes. Retrieved 7 March 2017.
  2. ^ a b Palmeri, Christopher (13 June 2014). "PokerStars' Scheinberg Becomes Billionaire on Sale to Amaya". Bloomberg. Retrieved 18 January 2015.
  3. ^ Freeze, Colin (22 April 2011). "A look at the mysterious Canadian founder of PokerStars". The Globe and Mail. Retrieved 18 January 2015.
  4. ^ a b c "PokerStars Founder Mark Scheinberg Invests in Spain's Real Estate Market". Casino News Daily. 17 May 2017. Retrieved 24 May 2017.
  5. ^ "PokerStars: Online Gambling's Quiet Giant", Forbes, Nathan Vardi, February 10, 2010
  6. ^ "PokerStars Strikes U.S. Deal to Buy Full Tilt Poker", Bloomberg, Caroline Winter, July 31, 2012
  7. ^ "Amaya Completes Acquisition of Pokerstars and Full Tilt Poker", August 1, 2014, press release
  8. ^ "How A $4.9 Billion Purchase Of PokerStars Could Change Online Poker In America", Forbes, Darren Heitner, June 19, 2014
  9. ^ "Scheinberg now richest on the island". IOM Today. 5 May 2017. Retrieved 24 May 2017.
  10. ^ a b c "PokerStars Founder Mark Scheinberg’s Madrid Hotel Complex to Open Doors in 2019", Casino News Daily, November 7, 2017
  11. ^ OHL Desarrollows and GVM Sell a 50 Percent Stake in Centro Canalejas Madrid to the Businessman Mark Scheinberg, OHL, February 9, 2017
  12. ^ Centro Canalejas Madrid Will Open Its Doors at the Beginning of 2019, Iberian Property, November 10, 2017
  13. ^ "Mohari Canada Inc. purchases Thompson Hotel", Lexpert Magazine, August 25, 2017
  14. ^ "Thompson Hotels", Thompson Toronto
  15. ^ "Thompson Toronto Sale Arranged by JLL", Hotel Business, September 13, 2017