PokerStars confirms long standing rumours that it owns PokerNews

Yesterday morning The Stars Group have revealed one of the worst kept secrets in the poker industry, the fact that they are the majority owners of iBus Media, a mother company of PokerNews.

The rumours in the industry regarding the connection between PokerStars and PokerNews.com has been floating around for a long time.

The news was revealed by iBus Media during a a company-wide conference call this morning as bosses announced that due to significant increases in both revenue and personnel count over the past few years that they were now, "In a position where we want to increase the speed of that growth and are therefore actively considering an acquisition strategy." and that, "as a result of the new strategy we felt it was the appropriate time to ensure there was clarity around the ownership of our business."

PokerNews.com was founded by Lithuanian/Australian poker player/businessman/MEP Antanas Guoga (more commonly known in the poker world as Tony G) back in 2002 after he bought the domain name for $6,000. It turns out that he has steadily sold his equity to Stars in stages since 2010 and has now exited the business entirely.

It comes out that the fact wasn't known by the employees as well:

The only news we can trust now is PolkerNews

lol

tony muthafakin G

wish there were new videos of him. i bet he became a gangsta now in the lithuanian parliament. legend

Tony G is off the "annoying" chart. Gangster? more like a tool

he just induces tilt and it works quite a lot, but its seriously annoying after hearing him speak for more than 30s

also guess this news dont really matter if the staff itself didn't know PS owns them

He was always obnoxious and a low life. Fuck him & fuck PS.