Mark Scheinberg

(Igal) 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]

Mark Scheinberg
Born1973 (age 46–47)
Israel
NationalityIsraeli-Canadian
OccupationInvestor
Net worth £3.555 billion (Sunday Times Rich List, 2020)
Parent(s)Isai Scheinberg

Early life

Mark Scheinberg was born in Israel in 1973, moving to Toronto, Ontario, Canada at the age of 13 with his family.[3] They settled in the town of Richmond Hill in the 1980s.[4]

Career

In 2001 Scheinberg founded PokerStars with his father Isai Scheinberg, a computer programmer.[3][5] During his tenure as CEO, PokerStars became the world’s largest online poker business and host to the world’s largest online tournament series,[6] acquiring the Full Tilt Poker brand in 2012.[7] In August 2014,[8] Oldford Group Ltd,[9] 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.[3] As of May 2017, Scheinberg was the richest person on the Isle of Man.[10]

Via his investment company Mohari Hospitality,[11] in early 2017 Scheinberg became a major investor in Centro Canalejas Madrid, a real estate project in Madrid, Spain.[5] 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.[12] With an opening date set for 2019,[11] the project involves the restoration of seven historic[3] adjacent buildings[5] 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,[11] and create 4,800 positions.[13]

In September 2017, a Canadian subsidiary of Mohari Hospitality acquired the Thompson Toronto hotel in downtown Toronto, Ontario.[14] The "boutique" hotel[15] has 105 rooms, event space, and restaurants and lounges.[16]

According to The Sunday Times Rich List in 2020 his net worth was estimated at £3.555 billion.[17]

Personal life

Scheinberg is single and lives in the Isle of Man.

gollark: I fear vendor lockin and selfhost everything, don't care about aesthetics, and have vast amounts of time to spent configuring stuff.
gollark: I've already turned off animations on my Android phone to save time.
gollark: I value the freedom and stuff over a mildly shinier interface by default.
gollark: I don't know about Ubuntu Touch, but postmarketOS seems pretty usable now!
gollark: Might not be intentional as much as just broken drivers of some sort.

References
  1. "Igal Mark SCHEINBERG - Personal Appointments (free information from Companies House)". beta.companieshouse.gov.uk.
  2. Palmeri, Christopher (13 June 2014). "PokerStars' Scheinberg Becomes Billionaire on Sale to Amaya". Bloomberg. Retrieved 18 January 2015.
  3. "Mark Scheinberg". Forbes. Retrieved 7 March 2017.
  4. Freeze, Colin (22 April 2011). "A look at the mysterious Canadian founder of PokerStars". The Globe and Mail. Retrieved 18 January 2015.
  5. "PokerStars Founder Mark Scheinberg Invests in Spain's Real Estate Market". Casino News Daily. 17 May 2017. Retrieved 24 May 2017.
  6. "PokerStars: Online Gambling's Quiet Giant", Forbes, Nathan Vardi, February 10, 2010
  7. "PokerStars Strikes U.S. Deal to Buy Full Tilt Poker", Bloomberg, Caroline Winter, July 31, 2012
  8. "Amaya Completes Acquisition of Pokerstars and Full Tilt Poker", August 1, 2014, press release
  9. "How A $4.9 Billion Purchase Of PokerStars Could Change Online Poker In America", Forbes, Darren Heitner, June 19, 2014
  10. "Scheinberg now richest on the island". IOM Today. 5 May 2017. Retrieved 24 May 2017.
  11. "PokerStars Founder Mark Scheinberg’s Madrid Hotel Complex to Open Doors in 2019", Casino News Daily, November 7, 2017
  12. OHL Desarrollows and GVM Sell a 50 Percent Stake in Centro Canalejas Madrid to the Businessman Mark Scheinberg, OHL, February 9, 2017
  13. Centro Canalejas Madrid Will Open Its Doors at the Beginning of 2019, Iberian Property, November 10, 2017
  14. "Mohari Canada Inc. purchases Thompson Hotel", Lexpert Magazine, August 25, 2017
  15. "Thompson Hotels", Thompson Toronto
  16. "Thompson Toronto Sale Arranged by JLL", Hotel Business, September 13, 2017
  17. Times, The Sunday. "Rich List 2020: profiles 21-50, featuring Salma Hayek and Sir Richard Branson". ISSN 0140-0460. Retrieved 2020-07-09.
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